Review April 2022 - Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card 

Friends, today we have come in the new financial year i.e. 2022-23. Which is starting from April 2022.

Today in this blog we are going to talk about the card of Flipkart Axis Bank Credit Card. In this, let's see what is new for the customer. Let's see what you get in this card.

Table of Content

1.	Introduction
2.	Welcome Benefit
3.	Features & Benefits
4.	Credit Limit
5.	Lounges Access details
6.	Eligiblity
7.	Fees & Charges
8.	Conclusion

Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card was launched in 2019. Due to its features and benefits, this card remains the choice of the customer till date. And this is the top selling credit card till date. Flipkart Axis Bank Credit Card is one such card where there is no limit to get cash back. You can earn unlimited cash. Here you get cash back on every transaction. Like if you are planning a trip,Instant cashback on online or offline shopping, entertainment and restaurant dining all in one category

# Welcome Benefit

(a) Flipkart

Flipkart Axis Bank Credit comes with a host of benefits. On card issue, you get gift vouchers worth Rs.500. But it also has some conditions.

Voucher code will be sent to the registered mobile number and email id of the customer. to activate it

The customer has to create an account on the Flipkart website or the Flipkart app. Rs.500 will be credited to the customer's Flipkart Wallet. After that the customer should do his/her first transaction within 30 days and it will be valid on that transaction which is successful order.

(b) Myntra

For your first transaction on Myntra, you will get up to 15% cash back and up to Rs.500 only on transactions done through Flipkart Axis Bank Credit Card.

You will have to do the first transaction within 30 days of receiving the Flipkart Axis Bank Credit Card. In this, cash back will be available up to a maximum amount of Rs.500, which will be up to 15%. This scheme will be the first Transaction of every customer. This voucher will be non-sellable and non-transferred.

(c) Swiggy

By using this code "AXISFKNEW" you can get upto 50% off on your first transaction up to Rs.100.

# Features and Benefits

1 - Flipkart Axis Bank Credit Card brings welcome benefits which can be up to Rs.1100 if you

If you do shopping given above.

2- Given below are the Preferred Partners if you shop with Flipkart Axis Bank Credit Card. It can also be a partner change.

Tata Sky

swiggy

PVR

Uber

cure.fit

cleartrip

 

3- Flipkart and Myntra give you 5% cash back when you shop online or offline using Flipkart Axis Bank Credit Card.

4- You get up to 4% cash back when you shop at Prefriend Merchant. Cash back up to 1.5% will be available on all other categories. The list of favorite partner is given above. This list will be updated from time to time.

5 - Fuel Surcharge Waiver

You get a fuel waiver of up to 1% on any Petrol Pump in India for a transaction of Rs.400 to Rs.4000. The maximum benefit can be up to Rs.400 on foot statement transaction.

6 - Dining Delight

On Flipkart Axis Bank Credit Card card, you get up to 20% cash back for eating out at any restaurant in India.

7 - Convert Purchase into EMI

You can convert it into EMIs of 6, 9, 12, 18, or 24 months on transactions above Rs.2,500 to up to Rs.10 lakh when you purchase with a Flipkart Axis Bank Credit Card. You can make your credit card payments at a low interest rate of just Rs.1.5% per month.

Note: 2% or Rs. One-time processing fee of 1500, whichever is lower, will be charged to your credit card account at the rate of conversion.

8 - Credit Limit Enhancement

If the customer's purchasing power is high and his credit limit is low, he can write a letter to the bank asking for limit enhancement. Anyway, the bank keeps an eye on the purchasing power of its customer and keeps on updating the customer from time to time on phone calls or emails to increase the credit limit.

9- Instant Loan

Flipkart Axis Bank Credit Card customers get an instant loan without any documents.

To avail Intent Loan, you have to give a missed call on this number 18004190230 or you can also call the bank on this number 18605005555 / 18604195555. either

To apply internet banking instant loan, first you have to login then account section then click on My Credit Card Club and then on Instant Loan. Your loan will be applied through this process. 

  

# Credit Limit

(a) To check the credit limit, follow the instruction given below.

SMS CLE XXXX (last 4 digits of your card number) to 5676782 from your registered mobile number.

(b) Flipkart Axis Bank Credit Card customers can also contact the customer care number 186041955555 / 18605005555 to check their credit limit.

(c) Website login

Login to official website of Axis bank https://www.axisbank.com then click on account section then my credit card then check for Enhancement.

# Document requirement to increase credit limit

salaried person

(a) Savings account number if existing customer of Axis Bank and salary is deposited in Axis Bank account

(b) If Axis Bank is not a customer, then 2 months salary credit details and monthly bank statement of the bank in which the savings account is maintained.

 (c) Last 2 years Form 16.

 

# Self Employment

(a) Last 2 years ITR with Profit and Loss Account and Balance Sheet

 

# Lounges access

With Flipkart Axis Bank Credit Card, you can visit Airport Lounge 4 times every year at any airport in India. Its information is given below

Axis Bank Airport Lounge Access Program

Participating Lounges

·    Flipkart Axis Bank Credit Card (4 complimentary lounge access per year) - For Master Card

S.No.	State	City	Lounge	Terminal
1	Delhi	Delhi	Plaza Premium	Domestic T1D
2	Delhi	Delhi	Plaza Premium	Domestic T2
3	Delhi	Delhi	Plaza Premium	Domestic T3
4	Delhi	Delhi	Plaza Premium	International 04
5	Karnataka	Bangalore	TFS	Domestic
6	Karnataka	Bangalore	TFS	International
7	Maharashtra	Mumbai	MALS	Domestic
8	Maharashtra	Mumbai	TFS	Domestic T1C
9	Maharashtra	Pune	Bird	Domestic
10	Tamil Nadu	Chennai	TFS	Domestic A
11	Tamil Nadu	Chennai	TFS	Domestic B
12	Telangana	Hyderabad	Plaza Premium	Domestic
13	Telangana	Hyderabad	Plaza Premium	International
14	West Bengal	Kolkata	TFS	Domestic
15	West Bengal	Kolkata	TFS	International

  

                Flipkart Axis Bank Credit Card (4 complimentary lounge access per year) - For Visa Card

S.No.	City	Lounge	Terminal
1	Bangalore	TFS	Domestic
2	Bangalore	TFS	International
3	Chennai	TFS Travel Club	Domestic
4	Chennai	TFS Travel Club	Domestic
5	Delhi	Plaza Premium	Domestic T2
6	Delhi	Plaza Premium	Domestic T3
7	Delhi	Plaza Premium	International T3
8	Hyderabad	Plaza Premium	Domestic
9	Hyderabad	Plaza Premium	International
10	Kolkata	TFS Travel Club	Domestic
11	Kolkata	TFS Travel Club	International
12	Mumbai	TFS	Domestic T2
13	Mumbai	TFS	Domestic T1C
14	Pune	Bird Group	Domestic

   

 
# Eligibility to Obtain Flipkart Axis Bank Credit Card

     The applicant for this card must be an Indian or a foreigner

    Age of the person applying for this card should be between 18 years to 70 years

      # Document

      The following documents are required to apply for this credit card

     1 - Application Form

     2 - Passport size color photo

     3 - Address Proof

     Address Proof

     A - Aadhar card copy

     B - passport copy

     C - ration card copy

     D - Electricity Bill Copy

     E - Water Connection Bill Copy

     F - Gas Recharge Bill Copy

     G - Mobile Postpaid Bill Copy

     Identity proof

     A - PAN card copy

     B - Aadhar card copy

     C - passport copy

     D - Driving License Copy 

     E- income proof

    A - Salary slip or Form 60 How is cash back. Let us try to explain this by giving an example.

     For eg. If the customer spends Rs. 1,00,000 in a billing cycle with the following break up of spends Flipkart: Rs. 20,000 | Preferred Merchants: Rs. 10,000 | Other spends: Rs. 70,000 Out of these “Other spends”, Rs. 20,000 was an EMI purchase.Thus, the total spends eligible for cashback would only be Rs. 20,000 + Rs.10,000 + Rs. 70,000 

     - Rs. 20,000 (EMI transaction) = Rs. 80,000. The cashback for the billing cycle in example would be calculated as follows:

5% of Rs. 20,000 = Rs. 1,000

4% of Rs. 10,000 = Rs. 400

1.5% of Rs. 50,000 = Rs. 750

Thus, the total cashback for the example would be Rs. 1,000+400+750 = Rs. 2,150

A - Salary slip or Form 60 How is cash back. Let us try to explain this by giving an example.

For eg. If the customer spends Rs. 1,00,000 in a billing cycle with the following break up of spends

Flipkart: Rs. 20,000 | Preferred Merchants: Rs. 10,000 | Other spends: Rs. 70,000

Out of these “Other spends”, Rs. 20,000 was an EMI purchase.

Thus, the total spends eligible for cashback would only be Rs. 20,000 + Rs.10,000 + Rs. 70,000

- Rs. 20,000 (EMI transaction) = Rs. 80,000

The cashback for the billing cycle in example would be calculated as follows:https://edgerewards.axisbank.co.in/lms/

# Fees & Charges of Flipkart Axis Bank Credit Card

Joining fee -  Rs. 500Annual Fee2nd year Onwards: Rs. 500

Annual fee -  waived off on annual spends greater than Rs. 2,00,000.

Add-on card joining fee - Nil

Add-on card annual fee - Nil

Card replacement fee (w.e.f 10/10/20) - Rs.100

Cash payment fee - Rs.100

Duplicate Statement fee -  Waived

Charge slip retrieval fee or copy request fee - Waived

Outstation cheque fee - Waived

One-time Processing fee - 1% or Rs. 100 whichever is higher

Mobile alerts for transactions - Free

Hotlisting charges - Nil

Balance enquiry charges - Waived

Pre-payment charges on foreclosure - 3% on the outstanding principal amount or Rs. 300 whichever is higher.

Finance charges (Retail purchases and cash)3.6% per month (52.86% per annum)

Cash withdrawal fees - 2.5% (Min. Rs. 500) of the cash amount

Overdue Penalty or Late Payment Fees - Nil

If Total Payment Due is up to Rs. 300
Rs. 100 if total payment due is between Rs. 301 - Rs. 500
Rs. 500 if total payment due is between Rs. 501 - Rs. 1,000
Rs. 500 if total payment due is between Rs. 1,001 - Rs. 10,000
Rs. 750 if total payment due is between Rs. 10,001 - Rs. 25,000
Rs. 1000 if total payment due is between Rs. 25,001 and 50,000
Rs. 1000 if total payment due is greater than Rs.50,000

Over limit penalty - 2.5% of the over limit amount (Min Rs. 500)

Cheque return or dishonor fee or auto-debit reversal - 2% of the payment amount subject to min. Rs. 450

Surcharge on purchase or cancellation of railway tickets - As prescribed by IRCTC/Indian Railways

Foreign currency transaction fee - 3.5% of the transaction value

Conclusion: 

(१)  What is Flipkart Axis Bank Credit Card?

Answer - We have told you in this blog what is Flipkart Axis Bank Credit Card. And how to apply for this credit card.

(2) What is Welcome Gift in Flipkart Axis Bank Credit Card and how does it work?

Answer - With the Flipkart Axis Bank Credit Card, you get a maximum cash back of up to Rs.500 as a welcome gift from Flipkart, Myntra and Swiggy. They have some conditions to get them. Its details are given above.

(3) Can I increase the credit limit of Flipkart Axis Bank Credit Card?

Answer – You can do credit limit enhancement in Flipkart Axis Bank Credit Card. For this, you have to visit the official website of the bank or, you can also do SMS or you can also talk to the customer care through phone banking.

(4) Is this Flipkart Axis Bank Credit Card long access?

Answer - Yes, through this card you can also access airport lounges 4 times in a year.

(5) What should we do with this card?

Answer – To take this Flipkart Axis Bank Credit Card, its eligibility has been given above. On that basis you can get the card.

(6) What are the charges in Flipkart Axis Bank Credit Card?

Answer - This card has the same charges which are given above. To know the details of fees and charges, see Fees and Charges.

(7) How to redeem Flipkart Axis Bank Credit Card Reward Points?

Answer - On this website to redeem reward points https://edgerewards.axisbank.co.in/lms/ have to go and redeem.

(१