Flipkart Axis vs SBI Credit Card: Which Offers Better Value for Online Shoppers?

• India's credit card market is booming, with co-branded cards like Flipkart Axis Bank and Flipkart SBI gaining significant traction, projected to reach a quarter of the market by FY28.
• Both cards have a Rs 500 joining fee and Rs 500 annual fee (waived if annual spending exceeds Rs 3.5 lakh), but welcome benefits differ slightly.
• Core cashback rates are identical: 5% on Flipkart, 7.5% on Myntra, 5% on Cleartrip, 4% on select partners, and 1% on other eligible spends.
• Cashback caps vary significantly: Axis Bank card has a combined Rs 4,000 quarterly cap for Flipkart and Cleartrip, while SBI card offers separate Rs 4,000 caps for Flipkart, Myntra, and Cleartrip.
• The Flipkart SBI Card offers a higher maximum annual cashback of Rs 48,000 compared to Axis Bank's Rs 32,000, but requires consistent hitting of category caps and avoiding EMIs.

Why It Matters: Choosing between Flipkart Axis and SBI credit cards depends on individual spending habits and cashback cap utilization.