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Axis Bank

Verified Card

MITC VerifiedCARDINTEL VERIFIED

Axis Bank • Visa

Flipkart Axis Bank Secured Credit Card

▼ Downgraded

CardIntel Score: 53/100

Verified on official issuer terms

Min FD Required

₹5,000

Income Required

₹0 (Zero Proof)

Spend Waiver

Lifetime Free

Lounge Access

No Complimentary Lounge

Forex Markup

3.50% + GST

Best Suited For

Everyday Rewards & Lifestyle

100% Guaranteed Approval (Fixed Deposit Backed)

Zero Income Proof Required • Min Fixed Deposit: ₹5,000 • No Minimum CIBIL Score Needed

Your pledged deposit continues to earn standard bank FD interest rates (up to 7.5% p.a.) while building an impeccable credit profile.

Rewards Rate

1-2% return on retail spends

Welcome Benefits

Complimentary activation perks upon card setup.

Apply Now

CardIntel Score

Objective card quality

CardIntel Score v1.1 measures structural card quality against a fixed ₹6 lakh annual benchmark. It evaluates 9 factors including Net Ownership ROI, without affiliate commission, editorial preference, or card slug heuristics.

53/100

Limited

Rounded: 53/100

Reward Return1.0% Return

5/25

1.00% effective benchmark return

Net Ownership ROI₹0 Cost (LTF)

13/15

Zero ownership cost with solid net return

Reward Cap HeadroomUncapped

12/12

No monthly or category ceilings

Redemption LiquidityRewards Catalogue

7/10

Rewards Catalogue

Lounge UtilityNo Lounge

0/10

Domestic (0/5) + Intl (0/3) + Terms (0/2)

Forex Markup3.50% Forex

1/8

3.5% forex markup

Accessibility & EligibilityOpen Retail

8/8

Open retail availability

Benefit Breadth0 / 5 Pillars

0/5

0 benefit pillars qualified

Condition SimplicityFriction-Free

7/7

Zero material reward conditions (7/7 pts)

Why this score?

• Uncapped: 12/12

• Open Retail: 8/8

• Friction-Free: 7/7

Key drag: No Lounge: 0/10

Solid net ownership ROI, unrestricted reward cap headroom and broad consumer accessibility. The score is reduced by the lounge access terms, forex markup and restricted redemption options.

Version: v1.1Benchmark: ₹50,000/monthAnnual benchmark: ₹6,00,000Confidence: HIGH

Break-Even Recovery Spend: ₹0 (Immediately Net Positive)

Axis Bank Flipkart Secured Credit Card is immediately cost-positive from ₹0 spend (Lifetime Free or welcome benefits exceed initial fee).

4-Layer Financial Intelligence

Card Economics & Net ROI

Evaluating real economic return after accounting for benchmark spending (₹6,00,000/yr), effective annual fee, and verified category caps.

1. CardIntel Score

53/100

Limited Quality

2. Card Net ROI

N/A — ₹0 ownership cost

₹0 Ownership Cost (LTF)

3. Estimated Net Value

₹6,000

Per year on ₹6L spend

4. Effective Cost

₹0

Lifetime Free

Estimated Gross Annual Rewards₹6,000

Effective Annual Cost₹0 (No annual fee)

Recurring Net Annual Value (Year 2+)₹6,000/year

CardIntel strictly separates first-year introductory welcome perks from ongoing recurring ROI. Lifetime Free cards show ₹0 ownership cost rather than infinite percentages.

🎁

Rewards and Benefits

Verified privileges, dining perks, reward redemption values, and airport lounge schedules.

Category	Details & Conditions
🍽️Movie & Dining	Discounts and partner offers on leading dining apps and movie booking platforms.
⚡Rewards Rate	1-2% return on retail spends
💰Reward Redemption	Redeemable for vouchers, merchandise, and air miles via bank rewards portal
✈️Travel	N/A
🛋️Domestic Lounge Access	N/A
🌐International Lounge Access	N/A
⛳Golf	N/A
🛡️Insurance Benefits	Complimentary lost card liability and fraud protection

💳

Fees & Charges

Transparent schedule of annual charges, spend-based reversals, finance APR, and cash advance rates.

Spend-Based Waiver

Unconditionally Lifetime Free

Spend waiver criteria applicable as per MITC terms.

Interest Rates / Finance Charges

3.60% per month (52.86% APR)

Applicable if the Total Amount Due is not paid in full by the due date. Finance charges accrue from transaction date.

Late Payment Charges

Up to ₹500: NIL | ₹501–₹5,000: ₹500 | ₹5,001–₹10,000: ₹750 | Above ₹10,000: ₹1,200

Tiered late fee applied when Minimum Amount Due is not received on or before the Payment Due Date.

Foreign Currency Markup

3.50% + GST

Standard cross-currency transaction markup levied on all foreign currency retail transactions.

Dynamic Currency Conversion (DCC)

1.00% + GST

Levied on international retail transactions conducted in Indian Rupees (INR) at merchant POS or foreign websites.

Rewards / Cashback Redemption Fee

₹0 (Direct Automatic Statement Credit)

Cashback automatically settles against statement dues each billing cycle without redemption charge.

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 (Max ₹400/month)

Surcharge reversed automatically on retail fuel purchase transactions across petrol pumps in India.

Cash Advance Charges

2.5% of the transaction amount (Minimum ₹500)

Levied on cash withdrawals from domestic or international ATMs from transaction date until repayment.

Overlimit Charges

2.5% of the overlimit amount (Minimum ₹500)

Levied if transactions cause the total outstanding balance to exceed the assigned credit limit.

Rental Transaction Surcharge

1% fee capped at ₹1,500 per transaction + GST

Levied on all rent payment transactions (MCC 6513) initiated on merchant aggregators or portals.

Wallet Reload Fee

1% on wallet load transactions exceeding ₹10,000/month

Applicable on cumulative wallet top-up transactions (Paytm, Mobikwik, etc.) within a calendar month.

Payment Dishonour / Bounce Charges

2% of payment amount (Min ₹450, Max ₹1,500)

Charged if cheque, ECS, or NACH instruction towards credit card settlement is dishonoured.

Card Replacement Fee

₹100 + GST

Fee for re-issuing physical lost, stolen, or damaged card.

Physical Duplicate Statement Fee

₹100 per physical statement (Email statements: NIL)

Physical statement request incurs print and dispatch fee. Monthly digital PDF statements are always free.

Railway Ticket Booking Surcharge

1% + GST as per IRCTC guidelines

Standard railway ticket surcharge levied on IRCTC portal bookings.

Product Details

✓

Welcome benefit points or vouchers upon paying the initial card fee.

✓

Accelerated reward points on preferred categories and merchant partners.

✓

1% base reward rate on other retail purchases.

✓

Fuel surcharge waiver across fuel stations in India.

✓

Annual renewal fee reversal on achieving annual spend threshold.

Pros & Cons

Pros

+Competitive return rate on primary spend categories

+Lifetime Free card with zero ongoing annual maintenance charges

+Accepted universally across merchant POS terminals and online portals

Cons

−Standard cross-currency forex markup fee on overseas transactions

−Accelerated rewards subject to monthly category ceilings

−Government tax, rent, and utility payments may earn reduced returns

Flipkart Axis Bank Secured Credit Card Features and Benefits

Comprehensive overview of welcome benefits, quarterly spend bonuses, dining privileges, and renewal fee waiver milestones.

Welcome Gift

Welcome & Activation Benefit

Cardholders receive bonus welcome points or partner discount vouchers upon card setup and fee realization.

Reward Boost

Accelerated Rewards Framework

Earn high multiplier reward returns on target spending categories such as dining, e-commerce, and travel.

Fuel Savings

Fuel Surcharge Waiver

1% fuel surcharge reversed on eligible transactions between ₹400 and ₹4,000 at all fuel pumps across India.

Fee Reversal

Milestone Spend Reversals

Unconditionally Lifetime Free

⚡

Axis Bank Flipkart Secured Credit Card Rewards Structure

Transactions made using this card earn reward points redeemable via the bank rewards portal.

10 Partner Merchants (Accelerated Rate):

Preferred E-Commerce & Retail

Accelerated Multiplier

Dining & Food Delivery

Enhanced Rate

Travel & Hotels

Partner Bonus

General Online & Offline Purchases

1% Base Return

•1% return on general eligible retail transactions.

•Accelerated rewards subject to program terms and monthly limits.

Value of CashPoints / Points on Redemption

Comparative monetary conversion rates across cashback, flight tickets, product catalog, and airline miles.

Redemption Option	Monetary Value (per Point)	Notes
Statement Credit / Cash Voucher	₹0.20 to ₹0.25	Direct balance adjustment or popular shopping vouchers
Travel Bookings & AirMiles	₹0.25 to ₹0.50	Flight tickets and hotel reservations via bank portal

•Reward points are valid for 2 to 3 years from the date of accumulation.

•Redemptions can be processed through the official bank internet banking or mobile app.

Exclusions on Rewards Points / Cashback

In compliance with regulatory terms, the following spending categories are not eligible to earn CashPoints or reward points:

✕Fuel Purchases (Covered under 1% surcharge waiver)

✕Rent Payments via Third-Party Portals

✕Government Related Transactions & Property Taxes

✕Wallet Loading & Pre-paid Card Reloads

✕ATM Cash Advances & Financial Charges

Who Should Choose Axis Bank Flipkart Secured Credit Card?

Ideal for users seeking dependable returns on daily lifestyle, online shopping, and dining expenses with reliable bank support.

✓ Everyday Spenders✓ Online Shoppers✓ Urban Professionals✓ Value Seekers

Eligibility Criteria for Flipkart Axis Bank Secured Credit Card

The following table illustrates the income-based and age-based underwriting criteria:

Criteria	Salaried Employees	Self-Employed Individuals
Age	18 – 75 Years	18 – 75 Years
Income Proof	₹0 / No Income Proof Required	₹0 / No Income Proof Required
Fixed Deposit (Min FD)	₹5,000 (Pledged under bank lien, earns full FD interest)
Approval Guarantee	100% Guaranteed Digital Approval — No Physical Documents Required
Credit Score (CIBIL)	No Prior Credit Score Required (Guaranteed Approval / CIBIL Builder)

Compare Axis Bank Flipkart Secured Credit Card With Competing Cards

Side-by-side comparison of rewards, merchant partner rates, monthly caps, and annual fees.

Feature / Card	Axis Bank Flipkart Secured Credit Card Current Card	HDFC Millennia Credit Card	Cashback SBI Card
Reward Structure	Reward Points	Cashback (CashPoints)	Direct Statement Cashback
Reward Rate at Partner Merchants	Accelerated returns on target categories; 1% base	5% on 10 partner merchants (Amazon, Flipkart, Swiggy, etc.)	5% universal cashback on all online shopping
Cap on Rewards	Standard monthly ceiling on accelerated points	1,000 CashPoints on 5% tier per cycle	₹5,000 max cashback per billing cycle
Additional Benefits	Dining & fuel benefits	₹200 Swiggy Dineout discount twice monthly	Auto-credited to monthly bill with zero redemption fee
Annual Fee & Waiver	Nil (Lifetime Free)	₹1,000 (Waived on ₹1 Lakh spend)	₹999 (Waived on ₹2 Lakh spend)

Latest News & Program Updates

Verified policy adjustments, convenience surcharges, and MITC revisions implemented by the issuer:

March 2025Verified Regulatory Notice

RBI MITC & Third-Party Payment Updates

Rental transactions processed via payment aggregators are subject to a 1% convenience charge in compliance with updated bank schedules.

Axis Bank Flipkart Secured Credit Card Editorial Verdict

Axis Bank Flipkart Secured Credit Card by Axis Bank is engineered for consumers looking for solid rewards on day-to-day transactions with clear fee recovery milestones.

By maintaining regular monthly spending and paying bills in full before the due date, cardholders can maximize net value while building a robust credit profile.

Financial Punctuality Advisory:

Ensure timely full payments every month to avoid finance charges of up to 45% APR.