- Flipkart Axis Bank Visa Credit Card has been announced
- Previously, the Flipkart Axis Bank Credit Card issuer was MasterCard
- The RBI has banned MasterCard from issuing new cards in the country
Flipkart Axis Bank Visa credit card has been announced on the e-commerce website. Notably, the Flipkart-specific Axis Bank credit card was previously backed by MasterCard. However, the Reserve Bank of India banned the payments processor from issuing debit or credit cards in the country with effect from July 22nd. This is because MasterCard failed to comply with data storage rules laid down by the central bank.
Since MasterCard cannot issue any credit cards in the country anymore, Flipkart and Axis Bank have switched to Visa as their dedicated credit card payments processor. The e-commerce giant has announced the new card through a dedicated webpage. Here’s what you need to know about the latest Flipkart Axis Bank Visa credit card.
Flipkart Axis Bank Visa credit card benefits
The co-branded Flipkart Axis Bank Visa credit card offers up to 5 percent unlimited cashback to the users on transactions done on Flipkart, Myntra, and 2Gud, along with a Rs 500 Flipkart voucher. Additionally, customers will be able to enjoy a flat 4 percent unlimited cashback on partner merchants like Swiggy, Cure.fit, PVR, Uber, and Tata Sky. Lastly, the card will offer a flat 1.5 percent cashback on all online and offline transactions.
Flipkart is also offering a Rs 1,000 Flipkart voucher for a limited duration, Rs 3,000 welcome benefits, and free lounge access to those who opt for the new Visa credit card. The card comes with an annual fee of Rs 500, which will be billed in the first month’s statement and will be waived for the next year if the spending crosses Rs 2,00,000 during the calendar year.
Flipkart Axis Bank Visa credit card: eligibility
According to the dedicated web page for the credit card on Flipkart, salaried individuals with a monthly income of Rs 15,000 and above can apply for the Flipkart Axis Bank Visa credit card. Additionally, self-employed business owners, independent earners, and professionals with a monthly income of Rs 30,000 or more can also apply.
How to apply for Flipkart Axis Bank Visa credit card?
Applying for the Flipkart Axis Bank Visa credit card is a simple process. Follow the steps below to apply for the same.
- Go to the dedicated page of the Flipkart Axis Bank Visa credit card
- Scroll down to the end of the page and click on Login & apply
- On the next page login to your Flipkart account
- An SMS will be sent to the Flipkart registered mobile number
- Click on the link in the SMS and follow the instructions to apply