Key Change: Lounge Access to Be Removed
Axis Bank has announced a major update for Flipkart Axis Bank credit card users. The lounge access benefit will no longer be available. This facility will end from June 20, 2025. The bank is informing cardholders through official communication.
Cashback on Myntra Increased
Cashback on Myntra shopping has increased. Previously, customers used to get 1% cashback. Henceforth, it is 7.5%. The cashback ceiling is ₹4,000 per quarter of the statement.
The Rest of the Cashback Offers Continue
- 5% cashback remains on purchases done on Flipkart and Cleartrip.
- This cashback also carries a quarterly ceiling of ₹4,000.
- 4% cashback remains on purchases made on Swiggy, PVR, Cultfit, and Uber.
- 1% cashback is offered on all other qualified transactions.
- On EasyDiner, customers can earn 15% cashback worth up to ₹100.
- For transactions of more than ₹400 on fuel, 1% fuel surcharge is waived off.
Card Charges and Popularity Compared
The Flipkart-Axis Bank card is quite popular with online buyers. It is compared to the Amazon-ICICI card. Here's the difference:
- Amazon-ICICI card has no joining fee.
- Flipkart-Axis Bank card has a ₹500 joining fee.
- The annual renewal fee is ₹500 as well.
- If annual spending exceeds ₹3.5 lakh, the renewal fee is waived.
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