The Flipkart Axis Bank Credit Card cashback and rewards have been devalued. The complimentary domestic lounge access is no longer available, and the unlimited cashback earnings are now capped at ₹4,000 per quarter.
Axis Bank has once again revised the benefits of its popular co-branded Flipkart Axis Bank Credit Card. Following last year’s reduction in cashback earnings on select merchants and categories, the bank has now announced further the Flipkart Axis Bank Credit Card devaluation in cashback rewards and airport lounge access privileges. These latest changes will be effective from 20 June 2025, impacting cardholders who rely heavily on this credit card for Flipkart shopping and travel perks.
Read on for a detailed breakdown of the Flipkart Axis Bank Credit Card devaluation and how it affects your benefits starting 20 June 2025.
Overview of the Flipkart Axis Bank Credit Card Devaluation
- Flipkart Axis credit card devalued in terms of unlimited cashback earnings and lounge access.
- 4 complimentary domestic airport lounge access will be discontinued.
- 5% cashback on Flipkart and Cleartrip is still there. However, the maximum cashback earning per statement quarter is limited to ₹4000.
- Increased cashback of 7.5% on Myntra (earlier it was 1%) with a maximum cashback capping of ₹4000 per statement quarter.
Unlimited AXIS Bank Credit Card Cashback Rewards Capped at ₹4000

The Flipkart Axis Bank Credit Card will now offer an impressive 7.5% cashback on Myntra purchases, a significant increase from the earlier 1%. However, cashback earnings will be capped at ₹4,000 per statement quarter.
Similarly, Flipkart Axis Bank Credit Cardholders will continue to earn 5% cashback on purchases made on Flipkart and Cleartrip. However, starting 20 June 2025, the maximum cashback will be capped at ₹4,000 per statement quarter for each platform. Previously, there was no upper limit, allowing frequent Flipkart and Cleartrip shoppers to earn unlimited cashback.
This marks the end of unlimited cashback benefits on the Flipkart Axis Bank Credit Card.
No More Lounge Access With Flipkart Axis Credit Card
Another major devaluation of the Flipkart Axis Credit Card is the removal of complimentary domestic lounge access. Starting 20 June 2025, cardholders will no longer be eligible for free airport lounge access on domestic flights. This change will significantly impact frequent flyers who have relied on this travel privilege.
Flipkart Axis Bank Card Alternatives to Consider
While the Flipkart Axis Bank Card devaluation will affect many cardholders, there are several strong alternative credit cards worth considering.
1. HDFC Millennia Credit Card

The HDFC Millennia Credit Card stands out as one of the best alternatives to the Flipkart Axis Bank Credit Card, especially for online shoppers. This cashback-focused card offers a range of attractive features and privileges, including:
- Welcome / Renewal Benefit: Get reward points equivalent to joining/annual fees.
- Cashback based on spends: Enjoy 5% cashback on shopping across Flipkart, Amazon, Myntra, BookMyShow, Swiggy, Zomato, Swiggy, Tata CLiQ, Cult.fit and Sony Liv. Plus, get 1% cashback on other spends.
- Swiggy Dineout Discount: Enjoy 10% additional discount on Swiggy Dineout. Must apply coupon code to avail the discount.
- Milestone Based Rewards: Earn a ₹1,000 brand gift card on spending ₹1 lakh or more in a calendar quarter. Or, cardholders can also avail Dreamfolks airport lounge access voucher on reaching the this milestone.
- Renewal Offer: Spend ₹1 lakh or more in the previous calendar year to enjoy a waiver on the card renewal fee.
- Fuel Surcharge Waiver: Enjoy 1% fuel surcharge waiver (Up To ₹250) per statement cycle at all fuel stations across India.
Clearly, the HDFC Millennia Credit Card offers several advantages over the Flipkart Axis Bank co-branded credit card, especially for cashback seekers. Apply now through GoPaisa and earn ₹1200 in GP Rewards upon card approval and dispatch.
2. Cashback SBI Credit Card

The Cashback SBI Credit Card is another excellent cashback alternative to the Flipkart Axis Bank Credit Card. It offers 5% cashback not only on Flipkart purchases but also across all online spends, that too without any merchant restrictions. Here’s a look at the key features and benefits of the SBI Cashback Credit Card:
- Cashback Without Merchant Restrictions: Enjoy 5% cashback on all your online purchases across any retailer, whether it is Flipkart, Amazon, Myntra, Swiggy, Zomato, or any other. Plus, you can earn 1% cashback on every offline purchase.
- Earn Cashback as Real Money: The cashback you earn in a statement month will be credited back to your SBI Cashback Credit Card within two working days after your next statement is generated.
- Annual Fee Waiver: Spend above ₹2 Lakh to get the annual fee waived.
- Fuel Surcharge Waiver: Enjoy 1% of fuel surcharge waiver across all fuel pumps in India.
Overall, the SBI Cashback Credit Card is an excellent cashback alternative for savvy online shoppers, offering rewards on both online and offline purchases. The only downside is the lack of complimentary domestic lounge access. Apply for the SBI Cashback Credit Card through GoPaisa today and earn a flat ₹1500 in GP Rewards upon card approval and dispatch.
Find more Best Cashback Credit Cards in India in 2025 here!
Final Words
Overall, the upcoming Flipkart Axis Bank Credit Card devaluation will significantly impact savvy Flipkart shoppers and frequent Cleartrip flyers who previously benefited from unlimited 5% cashback. Furthermore, cardholders who relied on complimentary airport lounge access for their domestic travel will also feel the pinch. These changes mark a notable shift in the card’s value proposition, especially for savvy Flipkart shoppers and frequent flyers.