Flipkart Axis Bank Credit Card: Is it Worth It in 2024? Pros & Cons

Bank Expert

4 Feb 202405:05

Summary

TLDRThe video reviews the Flipkart credit card, highlighting the numerous benefits it offers including unlimited 5% cashback for the first 30 days, 4% cashback on partners like PVR & TataCliQ, and 1.5% cashback on other online/offline spends. Additional perks are domestic airport lounge access and EMI conversion on large spends. However, no cashback is offered on certain transactions like EMI payments, fuel, gold purchases etc. Though beneficial for regular spending, for avid Amazon shoppers the Amazon credit card may be better.

Takeaways

😊 Get unlimited 5% cashback on first transaction within 30 days of getting the card
😎 Get 4% cashback on transactions at partner brands like PVR, SpiceJet etc.
🤑 Get 1.5% cashback on all other online and offline spends
🚘 Get complimentary domestic airport lounge access
🛍️ 5% cashback on Flipkart spends capped at ₹500 per month
💳 No monthly limits on cashbacks earned
🔄 Cashback earned gets deducted from bill amount itself
🌍 3.5% forex charge on international transactions
😮 EMI conversion possible on large spends
❓ Ideal for regular and online shoppers

Q & A

What is the cashback offer on the first transaction within 30 days of getting the Flipkart credit card?
-You get unlimited 5% cashback on the first transaction if done within 30 days of getting the Flipkart credit card.
What is the cashback rate on transactions done on PVRR, Sujung and Clear Trip using the Flipkart credit card?
-You get 4% cashback on transactions done using the Flipkart credit card on PVRR, Sujung and Clear Trip.
What is the cashback rate on offline transactions done using the Flipkart credit card?
-You get 1.5% cashback on all offline transactions done using the Flipkart credit card.
What are some categories where you don't get any cashback for spends using the Flipkart credit card?
-You don't get any cashback for EMI transactions, paying rent, fuel fills, buying gift vouchers, purchasing gold or for cash withdrawals using the Flipkart credit card.
How does the cashback redemption work on the Flipkart credit card?
-The cashback earned gets deducted from the bill amount for the month before the final credit card bill is generated.
What are the charges for international transactions done using the Flipkart credit card?
-There is a 3.5% foreign transaction fee plus 18% GST applicable for international transactions done using the Flipkart credit card.
What is the eligibility criteria to get the Flipkart credit card easily?
-You can easily get the Flipkart credit card if you have a credit score of 750+ or if you have taken any loans previously.
Why does the video recommend getting the Flipkart credit card?
-The video recommends getting the Flipkart credit card because you get very high cashback, even on partner brands like PVRR, Sujung etc. There is also 1.5% cashback on offline spends.
Which is the best credit card if most online spends are on Amazon?
-If most of your online spends are on Amazon, the Amazon Pay ICICI Bank credit card is recommended over the Flipkart credit card.
What should you do if you have queries regarding which card to get?
-You can post your queries in the comments section of the video and the host will get back to you.