Flipkart Axis Bank Credit Card vs Freecharge Axis Bank Credit CardFlipkart Axis Bank Credit Card vs Freecharge Axis Bank Credit Card

Flipkart Axis Bank vs Freecharge Axis Bank Credit Card

Axis Bank, a prominent and reliable credit card issuer in India, presents a diverse array of cards across various categories. In collaboration with different brands, the bank also issues several co-branded credit cards, ensuring a suitable option for every individual. Among these, the ‘Flipkart Axis Bank Credit Card’ stands out as one of the most popular co-branded cards, often confused with the ‘Freecharge Axis Bank Credit Card.’ The latter is a distinct credit card offered through the Freecharge app, which is owned by Axis Bank.

Confusion between these cards arises due to similarities in cashback rates and other factors. Despite its lower annual fee and fewer features, the Freecharge Axis Bank Card remains a solid choice for individuals who frequently engage in online transactions and seek savings. Both cards possess unique attributes – the Freecharge Axis Bank Card offers an impressive cashback rate at a nominal fee, while the Flipkart Axis Bank Card provides enticing cashback offers and travel benefits at a slightly higher cost.

Features and Benefits of Flipkart Axis Bank Credit Card and Freecharge Axis Bank Credit Card

Flipkart Axis Bank Credit Card:

  1. Issued by Axis Bank in partnership with Flipkart:
    • Collaboration between Axis Bank and Flipkart, a prominent e-commerce app in the country.
  2. Annual Fee and Welcome Benefits:
    • Annual fee of Rs. 500.
    • Welcome benefits include 2,500 Reward Points and various exciting gifts.
  3. Cashback Features:
    • Up to 5% cashback on spends.
    • 5% cashback on Flipkart and Myntra.
    • 4% cashback on selected brands (Swiggy, Uber, Cure.fit, PVR).
    • 1.5% cashback on all other spends.
  4. Lounge Access:
    • Complimentary lounge access at selected Indian airport lounges.
  5. Annual Fee Waiver:
    • If you spend Rs. 2 lakhs or more in the preceding year, the annual fee will be waived.
  6. Additional Benefits:
    • Welcome benefits include 2,500 Reward Points, complimentary Ganna Plus membership, and discount vouchers for popular brands.
    • 4 complimentary domestic lounge accesses annually.
    • 20% or more discount on dining through Axis Bank’s Dining Delights Program.
    • 1% fuel surcharge waiver on all fuel transactions.

Freecharge Axis Bank Credit Card:

  1. Issued under Axis Bank for Freecharge app:
    • Freecharge Axis Bank Credit Card associated with the non-banking financial app Freecharge, owned by Axis Bank.
  2. Annual Fee and Welcome Benefits:
    • Annual fee of Rs. 250.
    • Welcome benefits include gift vouchers worth Rs. 700.
  3. Cashback Features:
    • 5% cashback on spends on the Freecharge app.
    • 1% cashback on all other spends.
  4. Additional Benefits:
    • Welcome benefits include gift vouchers for Myntra and Big Basket.
    • 50% discount on annual subscription to Eros Now.
    • Up to 350 bonus Edge Reward Points on achieving monthly spend milestone.
    • Additional discount offers on selected brands (Shuttl, Eros Now, Myntra, etc.).
    • 1% fuel surcharge waiver on all spends.
  5. Annual Fee Waiver:
    • You won’t be charged the annual fee if you spend at least Rs. 50,000 in the preceding year.

Comparison between Flipkart Axis Bank Credit Card and Freecharge Axis Bank Credit Card

Flipkart Axis Bank Credit Card:

  1. Annual Fee:
    • Rs. 500 (waived off on spending Rs. 2 lakhs in the previous year)
  2. Welcome Benefits:
    • 15 months subscription to Gaana Plus.
    • 15% discount on the first transaction on Myntra.
    • 20% discount (up to Rs. 500) on Plum Goodness and Phy Life.
    • Myntra and Big Basket gift vouchers worth Rs. 350 each.
  3. Reward Rate:
    • 5% cashback on Flipkart & Myntra.
    • 4% cashback on selected merchants including Uber, Swiggy, Cure.fit, etc.
    • 1.5% cashback on all other spends.
  4. Reward Redemption:
    • The cardholders’ accounts are automatically credited with the cashback.
  5. Complimentary Lounge Access:
    • 4 complimentary domestic lounge access every year.

Freecharge Axis Bank Credit Card:

  1. Annual Fee:
    • You won’t be charged Rs. 250 if you spent Rs. 50,000 or more in the previous year.
  2. Welcome Benefits:
    • 15 months subscription to Gaana Plus.
    • 15% discount on the first transaction on Myntra.
    • 20% discount (up to Rs. 500) on Plum Goodness and Phy Life.
    • Myntra and Big Basket gift vouchers worth Rs. 350 each.
  3. Reward Rate:
    • 5% cashback on all spends via the Freecharge app.
    • Receive a 4% cashback offer on specific merchants, such as those under the categories 4121, 4131, 4111, and 7512.
    • 1% cashback on all other spends.
  4. Reward Redemption:
    • Cardholders’ accounts are credited with cashback automatically.
    • Edge Rewards can be redeemed via the edgerewards portal, where 1 Edge Reward = Re. 0.20.
  5. Complimentary Lounge Access:
    • NA

Which credit card suits you best?

  1. Flipkart Axis Bank Credit Card has a higher annual fee compared to Freecharge Axis Bank Card but provides additional benefits such as complimentary airport lounge access.
  2. Both cards offer up to 5% cashback on expenses, but the spending categories may vary.
  3. If you frequently shop on Flipkart, the Flipkart co-branded credit card is recommended for loyalty benefits.
  4. For regular online purchases and payments, the Freecharge Credit Card is suitable, especially when using the Freecharge app for maximum benefits.
  5. The Freecharge Axis Bank Credit Card allows you to earn 5% cashback on Flipkart purchases when using the Freecharge Credit Card for payment.
  6. The Flipkart Axis Bank Credit Card stands out by offering complimentary airport lounge access, making it a rare card with such privileges at a nominal fee.
  7. Ideal for frequent domestic travelers, the Flipkart co-branded card is a better option in this scenario.

Frequently Asked Questions (FAQs)

  1. What are the annual fees for the Flipkart Axis Bank Credit Card and Freecharge Axis Bank Credit Card?
    • The Flipkart Axis Bank Credit Card comes with an annual fee of Rs. 500, which is waived if you spend Rs. 2 lakhs or more in the preceding year. On the other hand, the Freecharge Axis Bank Credit Card has an annual fee of Rs. 250, which can be waived if you spend Rs. 50,000 or more in the previous year.
  2. What are the welcome benefits offered by both credit cards?
    • Flipkart Axis Bank Credit Card: 15 months subscription to Gaana Plus, 15% discount on the first transaction on Myntra, 20% discount on Plum Goodness and Phy Life, Myntra and Big Basket gift vouchers.
    • Freecharge Axis Bank Credit Card: Similar welcome benefits as the Flipkart Axis Bank Credit Card.
  3. How is the cashback structured on these credit cards?
    • Flipkart Axis Bank Credit Card: 5% cashback on Flipkart & Myntra, 4% on selected merchants, and 1.5% on all other spends.
    • Freecharge Axis Bank Credit Card: 5% cashback on all spends via the Freecharge app, 4% on selected merchants, and 1% on all other spends.
  4. How is the reward redemption process for both cards?
    • Flipkart Axis Bank Credit Card: Cashback is automatically credited to the cardholder’s account.
    • Freecharge Axis Bank Credit Card: Cashback is automatically credited, and Edge Rewards can be redeemed via the edgerewards portal (where 1 Edge Reward = Re. 0.20).
  5. Do both credit cards offer complimentary lounge access?
    • Flipkart Axis Bank Credit Card: Yes, 4 complimentary domestic lounge access every year.
    • Freecharge Axis Bank Credit Card: No complimentary lounge access.
  6. Are there any specific spending requirements to waive off the annual fees?
    • Flipkart Axis Bank Credit Card: Annual fee waived off on spending Rs. 2 lakhs in the previous year.
    • Freecharge Axis Bank Credit Card: Annual fee waived off on spending Rs. 50,000 or more in the previous year.
  7. Can the welcome benefits be availed every year?
    • Yes, the welcome benefits are applicable each year, provided the annual spending criteria for fee waiver are met.
  8. How can I utilize the Myntra and Big Basket gift vouchers offered with both credit cards?
    • The vouchers can be used for purchases on the respective platforms as per the terms and conditions mentioned.
  9. Is there a difference in the cashback rates for specific merchant categories?
    • Yes, both credit cards offer varied cashback rates for different merchant categories.
  10. Is there a limit on the number of Edge Rewards that can be redeemed in a given period?
    • There is no specific limit mentioned, but the redemption rate is 1 Edge Reward = Re. 0.20.

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