Key Highlights
- Zero joining fee on May 9–10 only: New applicants during the Flipkart SASA LELE Sale window get the card free of the standard ₹500 joining fee.
- ₹1,000 in welcome vouchers: Redeemable upon card activation. Standard card (without this offer) gets ₹500 Flipkart voucher on first transaction within 30 days.
- 5% cashback on Flipkart and Cleartrip - capped at ₹4,000 per statement quarter per merchant. 7.5% on Myntra - same ₹4,000 quarterly cap.
- 4% cashback on Swiggy, Uber, PVR, Cult.fit. 1% on all other eligible spends.
- 4 complimentary domestic lounge visits per year - subject to ₹50,000 spend in the preceding 3 months.
- Annual fee: ₹500. Waived on annual spend above ₹3,50,000.
- Sale: Flipkart SASA LELE Sale runs May 9–10, 2026. Early access for Flipkart Plus members from May 8.
Axis Bank and Flipkart are offering the Flipkart Axis Bank Credit Card with zero joining fee and ₹1,000 in activation vouchers to new applicants who apply specifically on May 9 or 10, 2026 - the dates of the Flipkart SASA LELE Sale. The standard card carries a ₹500 joining fee and a ₹500 Flipkart welcome voucher on first transaction. This sale-specific offer doubles the welcome benefit and eliminates the entry cost.
The offer coincides with the Flipkart SASA LELE Sale, which promises up to 80% off on mobiles and electronics, with early access for Flipkart Plus members from May 8. The card's 5% cashback on Flipkart purchases and 7.5% on Myntra make it one of the stronger cashback options for the sale - though both benefits carry a ₹4,000 quarterly cap that limits the absolute earning for high-spend shoppers.
The offer is available to new Flipkart Axis Bank Credit Card applicants only. Existing cardholders are not eligible for the zero-fee or enhanced welcome voucher. Applications processed outside May 9–10 - including May 8 Early Access day - do not qualify for the zero-fee offer. Axis Bank has not confirmed whether applications submitted on May 9–10 must be approved within the window or just submitted.
For frequent Flipkart and Myntra shoppers, the timing is deliberate. Applying on May 9 and using the card immediately during the sale captures both the ₹1,000 welcome benefit and the 5% cashback on sale purchases. On a ₹20,000 Flipkart purchase during the sale, the cashback earns ₹1,000 - bringing the effective first-purchase discount to ₹2,000 including the welcome voucher.
The Cashback Structure: What You Actually Earn
The Flipkart Axis Bank Credit Card uses platform-specific cashback tiers rather than a universal rate. Understanding the cap structure is important before estimating annual earnings.
| Platform / Category | Cashback Rate | Quarterly Cap | Notes |
|---|---|---|---|
| Flipkart | 5% | ₹4,000/quarter | Includes Flipkart app and website |
| Cleartrip | 5% | ₹4,000/quarter | Separate cap from Flipkart |
| Myntra | 7.5% | ₹4,000/quarter | Highest rate on the card |
| Swiggy, Uber, PVR, Cult.fit | 4% | No stated cap | Preferred partner cashback |
| All other eligible spends | 1% | No stated cap | Base rate on remaining transactions |
Source: Axis Bank Flipkart Credit Card product page. Last verified: 9 May 2026. Cashback credited to card statement 3 days before next statement generation.
The quarterly cap context: At 5% cashback, the ₹4,000 quarterly cap on Flipkart means the card stops earning accelerated cashback after ₹80,000 in Flipkart spend per quarter. For most users, this cap is unlikely to bind - ₹80,000/quarter on a single platform is a high threshold. Heavy Myntra shoppers hit the 7.5% cap earlier, at ₹53,333/quarter.
The Flipkart SASA LELE Sale: What Is Discounted
The Flipkart SASA LELE Sale runs May 9–10, 2026, with Flipkart Plus early access from May 8. The sale is positioned as Flipkart's summer answer to Amazon's Great Summer Sale, which began May 8. Both platforms are competing for the same household upgrade spend during the summer peak demand period for electronics and appliances.
| Category | Discount Range | Flipkart Axis Cashback |
|---|---|---|
| Mobiles & electronics | Up to 80% off | 5% on purchase value |
| Fashion (Myntra via Flipkart group) | Up to 80% off | 7.5% on Myntra purchases |
| Large appliances | Significant discounts | 5% on Flipkart |
| Travel bookings (Cleartrip) | Sale prices available | 5% on Cleartrip |
| Swiggy food orders (sale day) | 10% off on select orders | 4% cashback additionally |
Last verified: 9 May 2026. Discount ranges as announced by Flipkart. Category-level cashback rates per Axis Bank product page.
Four Conditions to Check Before Applying
1. The zero-fee offer is May 9–10 only
The standard joining fee for this card is ₹500. The zero-fee offer is specific to applications made on May 9 and 10, 2026. If you apply on May 8 (early access day) or after May 10, the standard fee applies. The ₹1,000 welcome voucher in place of the standard ₹500 voucher is also limited to this window.
2. Welcome vouchers require activation
The ₹1,000 in welcome benefits is described as 'redeemable upon card activation.' This means the vouchers do not credit automatically on application approval - the card must be physically received, activated, and a qualifying transaction made. Standard processing time for Axis Bank credit cards is 7–10 working days. The sale ends May 10; the card will not arrive in time to use the welcome voucher during the sale.
3. Lounge access needs ₹50,000 quarterly spend
The 4 complimentary domestic lounge visits per year are not unconditional. A minimum spend of ₹50,000 in the preceding 3 months is required to unlock lounge access. For newly issued cards, this condition is waived for the issuance month plus the following 3 months - giving new cardholders a grace period before the spend condition activates.
4. The card is not Lifetime Free after the sale
The zero-fee offer covers the joining fee only. From year 2 onwards, the standard annual fee of ₹500 applies unless annual spend exceeds ₹3,50,000. Cardholders who do not hit this threshold will be charged ₹500 + GST annually. This is a separate condition from the sale offer and should factor into the long-term value calculation.
What to Watch
The Flipkart Axis Bank Credit Card previously offered 5% cashback on Myntra as well as Flipkart. Myntra cashback was increased to 7.5% in a recent revision, making it the highest rate on the card - but the same ₹4,000 quarterly cap applies. This update makes the card more competitive for Myntra shoppers specifically.
Axis Bank's terms note that existing holders of multiple Axis Bank credit cards should verify eligibility before applying, as the bank has internal limits on the number of cards one customer can hold simultaneously. This affects existing Magnus, Reserve, or ACE cardholders considering adding the Flipkart card.
Frequently Asked Questions
Disclaimer: This article is for informational purposes only. All card features, fees, and offer terms are subject to change without notice. Zero-fee offer valid on applications made May 9–10, 2026 only. Verify current offer terms at axisbank.com before applying. card24.ai is not affiliated with Axis Bank or Flipkart.
