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Axis Flipkart Review: Is It Still the 'King' of Cashback?

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Amodh ShettyEditorPublished · Updated
7 min read
Editorial Independence: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, or airline. Estimates use stated assumptions and can omit issuer conditions. Check source dates and model limitations before relying on a figure.
Axis Flipkart Review: Is It Still the 'King' of Cashback?

Key Takeaways

  • Issuer page advertises 7.5% Myntra capped at ₹4,000 per statement quarter, and 5% Flipkart/Cleartrip capped at ₹4,000 per merchant per statement quarter.
  • Other eligible purchases earn 1%; preferred-merchant 4% is conditional.
  • ₹500 annual fee; waiver requires more than ₹3.5 lakh eligible posted spend. Joining fee is shown as zero for a limited offer; cohort and end date are not established.

Table of Contents

Issuer-source review: 12 October 2026

This is a scoped review of earning and selected fees and benefits. It does not certify the whole card or replace the terms for your issued variant.

What the current sources establish

  • Issuer page advertises 7.5% Myntra capped at ₹4,000 per statement quarter, and 5% Flipkart/Cleartrip capped at ₹4,000 per merchant per statement quarter.
  • Other eligible purchases earn 1%; preferred-merchant 4% is conditional.
  • ₹500 annual fee; waiver requires more than ₹3.5 lakh eligible posted spend. Joining fee is shown as zero for a limited offer; cohort and end date are not established.

Before estimating value

Check the merchant coding, payment channel, transaction size, cap period, issued fee cohort and redemption route. Headline points and partner wallet credits are not interchangeable with cash. Unsupported annual returns are withheld on the card page.

Evidence and remaining checks

Full current tariff, redemption path, availability, live offers and airport locations need separate checks. Existing map dates remain unchanged.

Open the card's scoped review and calculation limitations.

Revision history

  • — Replaced stale projections with scoped current issuer findings and explicit evidence gaps.
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About the Author: Amodh Shetty

Editor at Know Your Finance

This guide is credited to Amodh Shetty. Our review standards explain source selection, reward assumptions and remaining limitations. No professional certification or issuer endorsement is claimed.

Editorial Standards·Verification Methodology

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