The Ultimate Guideline To Flipkart Axis Bank Credit Card – Revised Features, Eligibility

Introduced by Flipkart and Axis Bank, the Flipkart Axis Bank Credit Card is designed as a powerful tool for savvy customers, featuring a perfect combination of savings and exclusive benefits. Offering generous cashback on Flipkart purchases, dining, travel and other expenses, this card offers increased spending power to users.

Let us dive into further details.

Who Are Eligible For Flipkart Axis Bank Credit Card?

The cardholder should either be a permanent Resident of India or a Non-Resident Indian.

The cardholder should be between the age of 18 and 70 years.

Documents Required For Application

Copy of PAN Card/Form 60

Residence Proof - Passport/Ration card/Electricity bill/Landline telephone bill

Identity Proof - Passport/Driving license/PAN card/Aadhar card

Proof of Income - Latest salary slip/Form 16/IT return copy

On joining, the applicant is required to pay a fee of Rs 500 plus tax.

Revised Features And Benefits Of Flipkart Axis Bank Credit Card

Axis Bank has brought some major changes in the terms and conditions of the Flipkart Axis Bank Credit Card, affecting fees and charges, as well as cashbacks, effective December 20, 2024.

Monthly finance/interest charges

The monthly finance/interest charges applied on the credit card have been revised to 3.75 per cent from 3.6 per cent.

2) Cheque return or dishonour fee/auto debit reversal

The minimum fee regarding cheque return or dishonour fee/auto debit reversal has been raised to Rs 500 from Rs 400, while the previous maximum cap of Rs 1,500 has been removed.

Direct payments at Axis Bank branches

Customers who make direct payments at Axis Bank branches will now have to pay Rs 175 instead of the previously charged Rs 100.

Additional Charge On Missing Minimum Amount Due

Under the revised guidelines, an additional charge of Rs 100 will be imposed on missing Minimum Amount Due (MAD) payment for consecutive two billing cycles. The charge will continue to be applied in every cycle until the MAD is cleared.

Dynamic currency conversion markup fee

The DCC markup fee has been increased to 1.5 per cent from 1 per cent.

Rent Surcharge

The bank will continue to charge a 1 per cent rent surcharge on all rent transactions. However, the maximum cap of Rs 1,500 per transaction has been removed.

Introduction of New Surcharges

Wallet Load Transactions

A 1 per cent fee will be applied on cumulative wallet load transactions of Rs 10,000 or more within a statement cycle.

Fuel Transactions

The bank will levy a 7 per cent fee on cumulative fuel transactions of Rs. 50,000 or more within a statement cycle.

Education Payments

A 1 per cent fee will be applicable on each education payments made through third-party apps.

Utility Payments

A 1 per cent fee will be levied on cumulative utility payments of Rs.25,000 or more within a statement cycle.

Online Skill-Based Gaming Platforms

A 1 per cent fee will apply to cumulative spends of Rs. 10,000 or more on online skill-based gaming platforms within a statement period.

While the revised charges on various transactions may bring additional costs for Flipkart Axis Bank Credit Cardholders, it is essential to consider the broader benefits and features the card offers.