Pros And Cons Of Having A Flipkart Axis Bank Credit Card

Flipkart Axis Bank Credit Card is a co-branded credit card offered by Axis Bank in partnership with Flipkart, one of the largest e-commerce companies in India. The card offers various rewards and benefits, making it a popular choice among shoppers. However, before applying for this credit card, it’s important to consider the pros and cons to make an informed decision.

Pros:

Welcome Benefits

One of the main advantages of the Flipkart Axis Bank Credit Card is the welcome benefits. When you sign up for the card, you can enjoy a welcome bonus of Rs. 500 in your Flipkart wallet. Additionally, you can get a discount of 5% on Flipkart, Myntra, and 2GUD purchases. This is an excellent way to reduce your shopping expenses.

Cashback on Flipkart purchases

The Flipkart Axis Bank Credit Card offers attractive cashback offers on Flipkart purchases electronics and more. This is an excellent way to save money on your online shopping expenses.

Dining Benefits

The card also offers dining benefits, where you can get a discount of up to 20% on dining at select partner restaurants. This is a great way to enjoy dining out without burning a hole in your pocket.

Fuel surcharge waiver

The Flipkart Axis Bank Credit Card offers a fuel surcharge waiver of 1% on fuel transactions. This might enable you to save money on fuel costs.

Free lounge access

Cardholders can also enjoy complimentary lounge access at select airports in India. This is a great benefit, especially if you travel frequently and want to enjoy a comfortable lounge experience before your flight.

Cons:

Annual fee

One of the main disadvantages of the Flipkart Axis Bank Credit Card is the annual fee. The card has a yearly basic fee of Rs. 500, which may be a significant expense for some people. However, this fee can be waived if you spend a certain amount on the card annually.

Limited cashback

While the card offers attractive cashback offers on Flipkart purchases, the cashback is limited to 5% and is only applicable on select products, therefore, if you shop on other e-commerce websites or prefer to buy products that are not available on Flipkart, you may not be able to earn cashback.

High-interest rates

The Flipkart Axis Bank Credit Card comes with a high-interest rate, which can be a disadvantage if you carry a balance on the card. The interest rate on the card can be high as 42% per annum, which can add up quickly and increase your debt.

Limited acceptance

The Flipkart Axis Bank Credit Card is a co-branded credit card that can not be accepted by all merchants. This can be a disadvantage if you need to use your credit card for purchases at places where the card is not accepted.

Conclusion

The Flipkart Axis Bank Credit Card has its pros and cons. While the card offers attractive rewards and benefits, such as welcome benefits, cashback on Flipkart purchases, dining benefits, fuel surcharge waiver, and free lounge access, it also comes with an annual fee, limited cashback, high-interest rates, and limited acceptance. Therefore, before applying for this credit card, it’s important to weigh the advantages and disadvantages and determine whether it’s the right fit for your spending habits and financial goals.

Read More: The Right Way to Cancel a Credit Card

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