Flipkart Axis Bank Credit Card

Summary

The video discusses the Axis Bank Flipkart Credit Card, focusing on its cashback offers and application process. It outlines the key benefits - unlimited 5% cashback on Flipkart purchases, 4% on selected partners, and 1.5% elsewhere. It notes recent changes, like lower welcome benefits and fewer categories eligible for cashback. Other features like lounge access are mentioned. The second half details the application process step-by-step for salaried individuals, from entering personal details to OTP verification. Overall, it is presented as a good card for regular Flipkart shoppers, with a small joining fee, and approval taking about a week.

Takeaways

• 😊 Axis Bank Flipkart Credit Card offers 5% unlimited cashback on Flipkart purchases
• 😮 Breakup with Myntra - now 5% cashback only on Flipkart not Myntra
• 🚫 No cashback on Flipkart flights, hotels, medicines, gift cards, EMI purchases
• 💳 Welcome benefit reduced from Rs 1100 to Rs 600 after Myntra breakup
• 👍 18+ years old can apply if income criteria is met
• 💰 500 rupees annual fees, waived off on 3.5 lacs annual spends
• ✈️ Get 4 free domestic airport lounge access per year
• 🍽️ 15% discount up to Rs 500 on 10000+ restaurants via EazyDiner
• 😠 Penalty of 2.5% of outstanding amount if credit limit exceeded
• 📝 Easy online application process explained

Q & A

What is the name of the credit card being discussed?

The credit card being discussed is the Axis Bank Flipkart Credit Card.

What is the main benefit of the Axis Bank Flipkart Credit Card?

The main benefit is that you get flat 5% cashback on every product purchased from Flipkart, with no upper limit.

What changes were recently made to the features of this credit card?

Recently two changes were made - the 5% cashback is now only applicable on Flipkart and not Myntra, and cashback is no longer available on flight/hotel bookings or certain other categories like insurance payments and utility bills.

What is the welcome benefit for new cardholders?

The welcome benefit is a Flipkart voucher worth Rs. 500 and a Swiggy voucher worth Rs. 100, so a total of Rs. 600 in vouchers.

What is the minimum age to be eligible for this credit card?

The minimum age is 18 years. Anyone between 18 to 70 years of age is eligible for this card.

What are the fees associated with this credit card?

There is a one-time joining fee of Rs. 500 and an annual fee of Rs. 500. The annual fee can be waived off on spending Rs. 3.5 lacs in a year.

How can the card be applied for?

The card can be applied for online through the link provided. The application process involves providing basic personal and employment details and selecting the 'Axis Bank Flipkart Credit Card'.

What are the additional partner brands that offer cashback?

The partner brands that offer 4% unlimited cashback are Cleartrip, Cult.fit, PVR, Swiggy, Tata Play and Uber.

What transactions will not yield any cashback?

Cashback is not applicable on flight bookings, hotel bookings, medicines purchased from Flipkart, fuel purchases, gift cards, EMI transactions, education services and several other categories.

Who is eligible to apply for this credit card?

Salaried individuals between 18-70 years of age with a stable income source are eligible to apply for this card after providing the required documents.

Outlines

00:00

😊 Overview of Axis Bank Flipkart Credit Card

The paragraph provides an overview of the Axis Bank Flipkart credit card. It highlights that it offers unlimited 5% cashback on Flipkart purchases. It mentions the recent changes - cashback discontinued for Myntra, flight/hotel bookings, Flipkart Health medicines. It also covers the partner brands that offer 4% cashback. The paragraph concludes by saying that after evaluating all features, it will assess if this is the best credit card available.

05:03

😃 Features and Changes in Axis Bank Flipkart Credit Card

The paragraph elaborates on the features of Axis Bank Flipkart credit card. It explains that there is no upper limit on the 5% Flipkart cashback. It covers exclusions like Flipkart flights/hotels bookings, wallet recharges, EMI transactions etc. It mentions the partner brands that offer 4% cashback. It also highlights 4 complimentary airport lounge accesses per year. The paragraph also lists recent changes made where no cashback is offered for rent, insurance payments, utility bill payments etc.

10:04

🧐 Step-by-step Application Process for the Credit Card

The paragraph walks through the application process for Axis Bank Flipkart credit card. It shows how to fill the application form step-by-step - entering contact details, PAN, income proof, personal information, employer details etc. It demonstrates selection of credit card and submission of application. It also mentions that approval decision is generally provided within 24 hours.

Keywords

💡Axis Bank

Axis Bank is an Indian private sector bank that offers various banking products like savings accounts, credit cards etc. In this video, the presenter talks specifically about the Axis Bank Flipkart Credit Card that offers good cashback and rewards.

💡credit card

A credit card allows the cardholder to make purchases on credit. The video discusses the features, benefits, fees, charges and application process of the Axis Bank Flipkart Credit Card.

💡Flipkart

Flipkart is a major Indian e-commerce platform. The Axis Bank Flipkart Credit Card offers additional cashback and rewards when shopping on Flipkart.

💡cashback

Cashback refers to a percentage of the spending amount that is credited back to the credit card customer as reward points or account credit. The Axis Bank Flipkart card offers good cashback on Flipkart and other partner websites.

💡partner brands

Apart from Flipkart, the credit card has tie-ups with some other brands like Cleartrip, Swiggy etc. Cardholders get additional cashback when spending on these partner brands.

💡fees

Fees refer to the amount charged by the bank for issuing the credit card. The joining and annual fees for the Axis Bank Flipkart card are quite low.

💡welcome benefit

It refers to the gift or reward given to new credit card customers. The Axis Bank Flipkart card offers a Flipkart voucher + Swiggy voucher worth ₹600 as welcome benefit.

💡application process

The video explains the online application process for the Axis Bank Flipkart credit card. It involves steps like entering personal details, Income proof, OTP validation etc.

💡eligibility

The minimum age eligibility for the card is 18 years. Salaried individuals with sufficient income are eligible to apply for this card.

💡approval

Issuing a credit card involves checking applicant's documents, income, credit score etc. If eligible, the credit card is approved and dispatched within a week.

Highlights

Axis Bank Flipkart credit card gives flat 5% cashback with no upper limit on Flipkart purchases

Cashback not applicable on Flipkart flights, hotels, medicines, gift cards, EMI purchases

Get 4% cashback on purchases from Flipkart partner brands like Cleartrip, Cult.fit, PVR, Swiggy

1.5% cashback on expenses made anywhere else with the card

No cashback on rent, insurance payments, utility bills, education services

Welcome benefit is Rs 600 - Rs 500 Flipkart voucher + Rs 100 Swiggy voucher

Minimum age to apply is 18 years with income proof

Fees are minimal - Rs 500 joining fee waived off on spending Rs 3.5 lacs annually

Penalties for late credit card bill payment or exceeding credit limit

Complimentary domestic airport lounge access 4 times a year

1% fuel surcharge waiver on petrol/diesel between Rs 400-4000

15% discount up to Rs 500 on restaurant bills via EazyDiner table booking

Online application form asks for personal, income, employer details

OTP-based verification before submitting application

Card approval and dispatch within 1 week after verification

Transcripts

Hello friends, in this video we're going to discuss about a card from Axis Bank

that is best in terms of cashback benefits.

The name of this card is Axis Bank Flipkart credit card.

I'll show the entire process of application for this card –

you can see the glimpse of it in the screen too.

The whole process – including how to apply, where to click –

I'll explain all these in detail but at the end of the video.

Before applying for a credit card, we first should know about its features.

Recently, two big changes have been made in this Axis Bank Flipkart credit card.

So, in this video we'll see the old features, and the changes that have been made.

Some devaluation has been done in that.

So, after judging all the features of this credit card,

we'll see whether it's the best credit card or there's a better one available.

We'll discuss its features, and then if you deem this card is best suited for you,

then I'll put the application link in the description box below.

Talking about Axis Bank Flipkart credit card,

the main feature of it is that if you buy anything from Flipkart,

be it from the app or from the website,

then you'll get flat 5% cashback on every product.

Earlier it used to have this offer applicable for both Flipkart and Myntra

and on any product purchased from these sites flat 5% cashback was guaranteed.

But now, since they have broken off with Myntra,

the 5% cashback is given only on Flipkart.

If you buy products worth 1 lac, you'll get 5000-rupee cashback;

and even if you spend 1 crore, you'll still get 5% cashback, which amounts to 5 lacs.

So, there's no upper limit to this – if you buy products worth 10 crores,

even then, without a doubt, you'll get a guaranteed 5% cashback.

Other cards usually have an upper limit,

such as, you can only avail maximum 1000-rupee cashback in a month.

What's great about this one is that is that no matter how much you spend on Flipkart,

there's no upper limit for cashback.

So, it's great that we're getting 5% cashback on Flipkart.

But it has it's T&C, which states that – I've put some screenshots as well –

so, when you go to this section on Flipkart,

you'll see an option called 'Flights and Hotels'.

Similarly, Flipkart has another app called Flipkart Health.

It says here, that if you book flights, hotels

from Flipkart or order medicines from there,

then you won't get the 5% cashback, or even a rupee, for that matter.

It simply means that on these three categories – flights, hotels, and medicines

if you spend on them from Flipkart, then no cashback will be provided.

Previously, Flipkart used to provide 1.5% cashback on flight and hotel booking –

keep in mind that it's the previous feature;

I'm stating the changes that have been made.

So, the offer of 5% cashback on everything else was already there,

but previously, on flight and hotel bookings from Flipkart,

only 1.5% cashback was available instead of 5%.

But, now that offer has been discontinued,

so there's no cashback available on these three things anymore.

So, till now it's clear that

one can get unlimited 5% cashback on shopping from Flipkart.

Apart from this, Flipkart has some partner brands, which are Cleartrip, Cult.fit,

PVR, Swiggy, Tata Play, and Uber.

It says that on purchase of anything from these partner brands

unlimited 4% cashback can be availed.

So, you'll get 5% cashback on any purchase from Flipkart

and if you purchase anything from these partner brands

using this Axis Bank card then you'll get unlimited 4% cashback.

So, it's a great deal.

Apart from these, any expenses made anywhere else using this card

will avail you 1.5% cashback.

So, these are the prominent features of this card.

I've shared the screenshots on the screen.

Then, it says that, spending on fuel, like on petrol, etc.

won't be eligible for cashback; if you buy gift cards from Flipkart –

Myntra is out of the picture already –

so, gift card purchased from Flipkart won't come with cashback as well.

If you buy anything with EMI,

then don't assume that it will be eligible for cashback.

There won't be any cashback given in that case.

A lot of customers first order and pay for the product

and then apply for EMI for that product.

Hence, it has declared that no matter if the EMI is applied on before ordering

or after the delivery of the product,

no cashback will be applicable in that case as well.

Then, recharging your Flipkart wallet using Axis Bank's credit card,

and thus transacting on Flipkart –

such wallet-loading isn't eligible for cashback too.

In case of payment of outstanding bill of other credit cards,

there won't the any cashback.

So, paying for other cards won't get you cashback.

This is the list of the criteria where cashback weren't applicable previously,

but now four more have been added.

First, there will be no cashback on rent payment.

Second, insurance payments, like if I want to renew my health insurance

with this credit card and assume that I'll get 1.5% cashback,

then I'd be mistaken; no cashback will be given on that.

Similarly, paying for the water bill, electricity bill,

gas cylinder, mobile recharge etc. with this card,

won't yield any cashback. These are the new limitations that have been imposed.

Other than these, there won't the any cashback given on educational services.

Now, educational service cover a lot of things – be it online course,

or stationery items like schoolbags etc.

So, any expense on anything related to educational service

won't be applicable for cashback anymore.

I've listed the proper MCC codes of the products,

which won't come with cashback benefit.

I mean, I showed a comprehensive list beforehand,

but here I've put their details with MCC codes in this list.

You can take a screenshot of this list;

Keep in mind, these are not included in the cashback category for Axis Bank's card.

Now, let's talk about their welcome benefit.

Previously, it used to be mentioned in bold fonts

when we used to apply for this Flipkart credit card,

that a welcome benefit worth 1100 rupees used to be provided.

This 1100 rupee was divided in 3 ways –

there were a 500 rupee Flipkart gift voucher,

a 500-rupee voucher for Myntra, and a 100-rupee voucher for Swiggy.

Now, since they've broken off with Myntra,

the welcome benefit has become of 600 rupees.

So, the welcome benefit that was previously of 1100 rupees, now it's become of 600.

You'll get the 500-rupee Flipkart voucher in it,

but the T&C states that within 30 days of getting the card,

you need to make transaction with it.

As soon as you transact, you'll receive a code in your mobile.

That code will act as the Flipkart voucher.

And when you get code –

I mean, within 30 days of the card's activation, you have to make transaction,

and you'll receive the Flipkart voucher worth 500 rupees,

which will be valid for the next 12 months.

So, you're getting the 500-rupee voucher here,

along with which you'll get a Swiggy voucher worth 100 rupees.

This voucher's code is already provided by Axis Bank –

this is the code written here – AXISFKNEW.

So, you can apply this code on Swiggy

after the card activates and get a 100-rupee discount.

The good news is, even a student of 18 who's earning –

of course the ITR is necessary;

if the CIBIL is zero, then obviously I won't claim that they'll be eligible for the card,

because that'd be wrong;

if an 18-year-old has a business or just started their job,

then it's great that they can apply for it too.

There are a lot of credit cards for which the minimum age must be 21 years,

and for some, it has to be even 23 years.

In this case, any one of 18 to 70 is eligible for this card.

The fees are almost non-existent. The joining fee is 500 rupees.

Though the joining fee is 500 rupees, you're getting a welcome benefit of 600 rupees.

So, there's no need to take the joining fee into account.

Then, the annual fee is 500 rupees,

which can be waived if your expenditure in a year reaches 3.5 lacs.

You should never withdraw cash using credit card, as you'll be charged 2.5% for it.

It means that if you withdraw 1 lac using the card,

then additional 2500 rupees will be deducted from your account.

Point to note, that if you withdraw just 500 rupees,

then don't think that only 2.5% will be charged on that,

because for cash withdrawal, minimum of 500 will be charged for sure.

Next feature consists of 4 complimentary airport lounge access in a year.

So, you'll get a domestic lounge access in every quarter.

Here's the list of airports and the lounges which you can access.

You can take a screenshot of it as well.

Let's move on to the next feature. A fuel surcharge waiver of 1% is provided with it.

Almost every credit card provides fuel surcharge waiver,

so there's nothing special about this one.

The transaction amount should be of 400 to 4000 rupees to avail the waiver.

Then, another offer is given under Dining Delights.

There's a brand called EazyDiner.

We often go to restaurant directly for lunch or dinner.

So, through EazyDiner, if you book a table in advance in any restaurant you like,

then you'll get 15% discount on your bill.

According to EazyDiner, they've more than 10000 partner restaurants in all over India,

so you can check them out in your city.

If you pay with this credit card there,

then you'll get a 15% discount up to 500 rupees if you pre-book through EazyDiner.

Then there're the penalties in case you fail to pay the credit card bill in time.

You can take a screenshot of this too –

and if you exceed the limit of this card, then 2.5% penalty will be applicable on that.

So, we've gone through all its features. If I conclude, then overall

it's a good credit card, I'd say.

The fee is only 500 rupees.

And if you spend on Flipkart regularly and on its partner brands,

then truly it's a good credit card.

The primary reason for saying that is there's no upper limit.

They aren't putting a condition like those who

give, for e.g., maximum 1000-rupee cashback a month,

or those who don't provide more than 300-rupee cashback in a month.

Unlike those, it simply says that no matter if you spend 1 crore,

they'll give 5%, that is 5 lac rupees as cashback.

So, from this perspective, this is a good credit card.

There're also no random hidden charges here,

and I've discussed everything and presented a clear picture of this card before you.

Now let's quickly see the process of application.

Well, before I start the application process, I have a request to you.

We've another channel called Focus Path,

where we upload similar videos related to banking.

So, I request you, please subscribe to this channel as well,

so that you can get regular banking-related updates from this channel too.

And if you find this video informative, then please subscribe to this channel too.

So, let's see the process quickly to find out

how can we apply for Axis Bank Flipkart credit card from the convenience of our home.

I've already put the application link in the description box below.

As soon as you click on that link, an interface like this will open.

Now, it asks here whether you're an existing customer of Axis Bank or not.

So, if you have any account or another credit card of Axis Bank,

or you're connected to Axis Bank in any way, then select 'Yes'.

For e g., I don't have any connection with Axis Bank –

I don't have any card of them or account with them,

so, I'll click on the 'No' option here.

After that, this kind of interface will appear on the next page.

First, you've to enter your mobile number.

After entering your mobile number you've to enter your PAN card number.

Then you've to enter the PIN code of your locality.

I'm showing this process on laptop,

but if you do it from your phone using Chrome browser,

you'll see the same things there as well.

I'm using laptop because it's convenient to see process on bigger screen.

So, enter the PIN code of your place.

Then you've to enter your net annual income here.

Then, you've to enter the captcha code as it is shown here.

Then simply click on the 'Next' option.

Then, the next page will have this kind of interface.

First, you have to enter your name as it is printed on your Aadhar card;

the spelling should be the same. So, enter your name here.

Then you've to enter your date of birth as it is printed on your Aadhar.

Then, from 'Title', select Mr. or Ms. as applicable.

Then select your gender, which will be filled automatically.

Here's an option called 'Name desired on card'.

So, enter whatever name you want on your card.

Then, you've to enter your mother's name.

Below that, you've to enter either your father's name or spouse's name.

So, if you are married, you can enter your wife's or husband's name,

or you can enter your father's name.

Then, from 'Marital status', select 'married' if you're married,

otherwise, select 'unmarried'.

Then, you're asked to put your address details.

Here, you have to put both of your addresses –

the residential address and the office address.

Suppose, you don't have a job, nor have any shop or establishment,

and let's assume that you stay at home.

Since, both addresses are necessary here –

the box for office address can't be left blank,

then in that case, put your home address in both the spaces.

Both the spaces for address must be filled.

Then, you're asked, “Where would you like to receive your card?”.

It means, if your Axis Bank Flipkart credit card gets approval,

then where would you like to receive it. So, simply select 'Residence',

so that it gets delivered to your house.

Then you've to enter your email ID,

and after that, you've to click on 'Next' option.

After that, this interface will open.

It asks whether you're salaried or self-employed.

The person I'm applying for is salaried, so I'm selecting 'Salaried' here.

So, we've selected 'Salaried'

and now it asks for your annual income, so we'll enter that too.

Then it asks to select the sector of your employer –

whether it's public limited, or private limited etc.

So, select the sector according to your job.

The 'Occupation code' is already showing here.

In 'Source of fund' it's showing 'salary' as the one I'm applying for is salaried.

So, I'll select 'Salary' from the options.

Then it asks what's the type of industry,

that's the industry of the company that you work in.

It could be advertising, or media, or banking –

so, simply select the industry you work in.

Then you've to enter the name of your company.

Next, you've to enter the tenure or the number of years you're working in this company,

and then your total work experience.

The experience with this company will be entered in the 'Tenure with current job' box.

Suppose, I'm working in my current job for 2 years, so I'll enter 2 here.

And if my total work experience in life is of 5 years, then I'll enter 5 here.

After entering all these, you've to click on 'Next'.

On the next page, you'll be asked to select the card.

All the cards that Axis Bank offers are displayed here.

So, whatever card you want – right now, we want the Axis Bank Flipkart credit card,

but all the other cards are shown here as well.

So, in future, if you wish to have a second card,

then the process of application is same for all.

You can see an arrow button here,

and I'll click on that to get to the Flipkart credit card.

Now, I can select the card by placing the cursor on it.

As we are applying for Flipkart credit card,

so I'll place the cursor over it, and then simply click on 'Next'.

Clicking on 'Next' will take me to the next page.

An OTP will then be sent to my mobile number for verification.

I've to enter that OTP here. Then I'll click on this checkbox to agree to the T&C.

Then I'll finally click on 'Submit'. After this,

on the next page a reference number will be generated;

and within about 24 hours, verifying your PAN and other things,

you'll get a call from Axis Bank. If your PAN card is suitable

and all the other factors are alright, then in about a week

the Axis Bank Flipkart credit card will be dispatched to your place.

If you still have any doubts or queries, you can post them in the comments section.

For now, this is the end of the video.

Thanks for listening and thank you all.