Axis Bank has already collaborated significantly with Flipkart and its subsidiaries. The Flipkart Axis Credit Card is considered one of the best cashback credit cards in the country. Recently, Axis Bank also partnered with Flipkart’s super.money to introduce the Axis SuperMoney RuPay Credit Card. Now, Axis Bank has launched another unique debit card offering in partnership with Flipkart.
Axis and Flipkart have introduced a new co-branded debit card, the first of its kind for an e-commerce giant. This debit card offers 5% cash back, similar to the benefits provided by its co-branded credit card.
Features of Flipkart Axis Debit Card
The all-new Flipkart Axis Debit Card is exclusively available to new and existing customers of the Axis Advantage Savings Account.
- Earn up to ₹750 cashback on Flipkart spends (minimum spend of ₹3,500 in a calendar month). Cashback will be credited within 90 days from the last day of the month in which the purchase was made. The cashback will be deposited into the customer’s Axis Bank Savings Account.
- Enjoy a 15% discount at over 10,000 partner restaurants in India. You can receive a discount of up to ₹500 per month.
- This debit card comes with a joining and annual charge of ₹500.
- There is no airport lounge access offered with this debit card.
- The transaction limits are higher, with a daily cash withdrawal limit of ₹50,000 and a daily purchase limit of ₹5,00,000.
- The insurance coverage offered includes Personal Accident Insurance with a coverage amount of ₹5,00,000, Air Accident Cover of ₹1,00,00,000, and Purchase Protection Cover of up to ₹50,000.
No Cashback shall be provided for the following transactions.
- Utility Services
- Fuel
- Jewellery
- Insurance Services/ Financial Institutions
- Charities
- Rental Payments
- Wallet Load Transactions
- Educational Services
- Government Services
- Transport
- Cash Withdrawals
Bottom Line
The new Flipkart Axis Debit Card is a must-have for those with the Axis Advantage Savings Account. Although it is worth mentioning that the Flipkart Axis Bank Credit Card is far more rewarding, those who prefer debit cards over credit should opt for this card, as they can receive up to ₹750 cashback each month on their Flipkart purchases.
It is also worth mentioning that the cashback feature of this card will only be available after making spends of ₹3,500 per month.