Amazon Pay ICICI Bank vs Flipkart Axis Bank Credit Card
Level at ₹75,000 a month
CASHBACK SBI Card vs Flipkart Axis Bank Credit Card
Axis Bank
Flipkart Axis Bank Credit Card vs CASHBACK SBI Card: which should you pick?
The sale-season pair a lot of wallets already hold, and the caps decide it. CASHBACK SBI pays 5% online at any merchant but stops at ₹2,000 of cashback a statement cycle — ₹40,000 of online spend — and never more than ₹4,000 a cycle in all; the Flipkart card pays 5% only at Flipkart and Cleartrip, 7.5% at Myntra, each capped at ₹4,000 a quarter, over a 1% base with no cap. So CASHBACK SBI is ahead only at the lightest spend, the two run level from ₹50k to ₹2.25L a month, and Flipkart Axis pulls ahead from ₹2.5L, once SBI's caps bind. Fees are ₹999 waived at ₹2,00,000 of spend against ₹500 waived at ₹3,50,000; neither has a lounge, and both charge 3.5% abroad.
The better card changes with your spend: CASHBACK SBI Card ahead at ₹25,000, level from ₹50,000 to ₹2.25 lakh, Flipkart Axis Bank Credit Card ahead from ₹2.5 lakh to ₹5 lakh a month. On the rows below, CASHBACK SBI Card has no clear edge over Flipkart Axis Bank Credit Card.
CASHBACK SBI Card's ongoing earn stops at ₹2,00,000 of spend a month, where Flipkart Axis Bank Credit Card's doesn't.
CASHBACK SBI Card review Flipkart Axis Bank Credit Card review
Side by side
| Fact | CASHBACK SBI Card | Flipkart Axis Bank Credit Card |
|---|---|---|
| Can you get it | Open to apply | Open to apply |
| Fee (joining · annual, + GST) | ₹999/yr | ₹500/yr✓ Better |
| Fee waiver | Spend ₹2,00,000 a year | Spend ₹3,50,000 a year |
| Reward rate on everyday spend | 1.0% | 1.0% |
| Points | SBI Card Cashback | Axis Bank Cashback |
| Our value per point | ₹1.00 † | ₹1.00 |
| Transfer partners | None | None |
| Lounges it gets you into | 0 of 792 | 0 of 792 |
| Forex markup | 3.5% | 3.5% |
| Welcome benefit | Not published — SBI lists no welcome or activation benefit for this card on the product record or in the T&C e-kit | ₹350 of activation benefits — a ₹250 Flipkart voucher on paid cards only (first-year-free cards get nothing) plus 50% off up to ₹100 on a first-time Swiggy order, on a first transaction within 30 days of issuance |
✓ Better marks the side that wins a row; rows that compare unlike things are not scored. Flipkart Axis Bank Credit Card is ahead on 5 of the 6 rows we can call.
More facts 8 rows
| Fact | CASHBACK SBI Card | Flipkart Axis Bank Credit Card |
|---|---|---|
| Our rank | #156 | #133✓ Better |
| Our verdict | Keep | Downgrade |
| Lounge visits in India | None — the card is on neither Set A nor Set B of SBI's eligible-card lists | None since 20 Jun 2025 — "Effective 20th June 2025, the Flipkart Axis Bank Credit Card is no longer offering complimentary lounge access" |
| Lounge visits abroad | None published | None — Axis publishes no international lounge entitlement for this card |
| Forex, in the bank’s words | 3.5% of the transaction amount, plus a 3.5% dynamic-currency-conversion fee; CASHBACK is in none of the MITC's reduced-markup exceptions (AURUM, Elite, Prime NRI secured, Tata Neu Infinity, Miles Elite/Prime/Miles) | 3.5% of the transaction value, plus a 3.5% dynamic-currency-conversion markup — raised from 1.5% on 28 August 2026. |
| Interest (APR) | 3.75%/mo (45%/yr) on the worked example in §1F | 3.75%/mo (55.55%/yr) — Axis standard tier |
| Income needed (salaried) | ₹1k–49k/month band — SBI's own product record tags the card with the lowest income band it publishes; no hard floor is stated | not published |
| Income needed (self-employed) | Same ₹1k–49k/month band — SBI's record does not split salaried from self-employed | not published |
† CASHBACK SBI Card: The unit is a rupee, not a point: SBI's own T&C says the cashback "is directly credited to the SBI Card account within two working days of the statement generation", and its FAQ says "Your Card Cashback does not expire". So ₹1.00 is floor, value and ceiling alike. What bites instead is the ceiling on EARNING it — ₹2,000 a statement cycle on online spend, ₹2,000 on offline, and never more than ₹4,000 combined.
Our value per point is what we think a point is worth when you use it well; every currency's figure and its reasoning is on points values.
What each is worth to you
| Monthly spend | CASHBACK SBI Card | Flipkart Axis Bank Credit Card |
|---|---|---|
| At ₹30,000 a month | ₹3,000✓ Better | ₹2,500 |
| At ₹75,000 a month | ₹7,600 | ₹7,600 |
| At ₹1.5 lakh a month | ₹15,100 | ₹15,100 |
| At ₹3 lakh a month | ₹24,000 | ₹30,200✓ Better |
| At ₹5 lakh a month | ₹24,000 | ₹50,400✓ Better |
| Pays for itself from | ₹10,000 a month | ₹5,000 a month✓ Better |
On an everyday mix of spending (groceries, bills, travel, fuel and the rest), using each card's own rules for each kind of spend. The same figures as each card's own page.
Every spend from ₹25,000 to ₹5 lakh 20 steps
| Monthly spend | CASHBACK SBI Card | Flipkart Axis Bank Credit Card | Ahead |
|---|---|---|---|
| ₹25,000 | ₹2,500✓ Better | ₹2,000 | CASHBACK SBI Card by ₹500 |
| ₹50,000 | ₹5,000 | ₹5,000 | Level |
| ₹75,000 | ₹7,600 | ₹7,600 | Level |
| ₹1 lakh | ₹10,100 | ₹10,100 | Level |
| ₹1.25 lakh | ₹12,600 | ₹12,600 | Level |
| ₹1.5 lakh | ₹15,100 | ₹15,100 | Level |
| ₹1.75 lakh | ₹17,600 | ₹17,600 | Level |
| ₹2 lakh | ₹20,200 | ₹20,200 | Level |
| ₹2.25 lakh | ₹22,700 | ₹22,700 | Level |
| ₹2.5 lakh | ₹24,000 | ₹25,200✓ Better | Flipkart Axis Bank Credit Card by ₹1,200 |
| ₹2.75 lakh | ₹24,000 | ₹27,700✓ Better | Flipkart Axis Bank Credit Card by ₹3,700 |
| ₹3 lakh | ₹24,000 | ₹30,200✓ Better | Flipkart Axis Bank Credit Card by ₹6,200 |
| ₹3.25 lakh | ₹24,000 | ₹32,800✓ Better | Flipkart Axis Bank Credit Card by ₹8,800 |
| ₹3.5 lakh | ₹24,000 | ₹35,300✓ Better | Flipkart Axis Bank Credit Card by ₹11,300 |
| ₹3.75 lakh | ₹24,000 | ₹37,800✓ Better | Flipkart Axis Bank Credit Card by ₹13,800 |
| ₹4 lakh | ₹24,000 | ₹40,300✓ Better | Flipkart Axis Bank Credit Card by ₹16,300 |
| ₹4.25 lakh | ₹24,000 | ₹42,800✓ Better | Flipkart Axis Bank Credit Card by ₹18,800 |
| ₹4.5 lakh | ₹24,000 | ₹45,400✓ Better | Flipkart Axis Bank Credit Card by ₹21,400 |
| ₹4.75 lakh | ₹24,000 | ₹47,900✓ Better | Flipkart Axis Bank Credit Card by ₹23,900 |
| ₹5 lakh | ₹24,000 | ₹50,400✓ Better | Flipkart Axis Bank Credit Card by ₹26,400 |
How we work out the yearly value
We put each card through the same everyday mix of spending, apply that card's own rules for each kind of spend (some earn nothing on fuel or bills), add its milestone and renewal bonuses at our value per point, and take off the fee unless that spend waives it. Bonus categories that need you to shop a certain way are not counted. Your own mix will differ: try your numbers in the calculator, or read how we value cards.
Before you choose
Transfer partners 0 and 0
CASHBACK SBI Card's SBI Card Cashback cannot be moved to any airline or hotel; Flipkart Axis Bank Credit Card's Axis Bank Cashback cannot be moved to any.
Every partner and ratio is on each card's page; the best value for your points is on the transfer optimizer.
Watch out 6 points
CASHBACK SBI Card
- The 5% caps at ₹2,000 of cashback a statement cycle, which is ₹40,000 of online spend — past that, online earns nothing until the cycle turns
- Offline has its own ₹2,000 cap, and the T&C says aggregate cashback 'shall not exceed ₹4,000' in a statement cycle under any circumstances
- Thirteen MCC families earn 0%: fuel, wallets, rent, jewellery, education, utilities, insurance, railways, gaming, tolls, government, quasi-cash and card fees
Flipkart Axis Bank Credit Card
- No lounge access — Axis withdrew it on 20 June 2025 and the card is on neither Set A nor Set B of its lounge programme
- The cashback is rupees on your statement: no points, no transfer partner, no award seat, ever
- Forex 3.5% plus a dynamic-currency-conversion markup that went 1.5% → 3.5% on 28 Aug 2026 — nothing about this card works abroad
Common questions 5 answered
Which is better, CASHBACK SBI Card or Flipkart Axis Bank Credit Card?
The better card changes with your spend: CASHBACK SBI Card ahead at ₹25,000, level from ₹50,000 to ₹2.25 lakh, Flipkart Axis Bank Credit Card ahead from ₹2.5 lakh to ₹5 lakh a month. On the rows below, CASHBACK SBI Card has no clear edge over Flipkart Axis Bank Credit Card.
CASHBACK SBI Card or Flipkart Axis Bank Credit Card: which is worth more at ₹3 lakh a month?
Flipkart Axis Bank Credit Card beats CASHBACK SBI Card by ₹6,200 a year at ₹3 lakh a month. Both figures are a year's rewards and bonuses on an everyday spending mix, after the fee.
Which costs less to get, CASHBACK SBI Card or Flipkart Axis Bank Credit Card?
Flipkart Axis Bank Credit Card: ₹500/yr against ₹999/yr. CASHBACK SBI Card waives its fee if you spend ₹2,00,000 a year; Flipkart Axis Bank Credit Card waives its fee if you spend ₹3,50,000 a year.
Which gets you into more airport lounges, CASHBACK SBI Card or Flipkart Axis Bank Credit Card?
Both get you into 0 of the 792 lounges we track.
How current is this comparison?
CASHBACK SBI Card was last checked against its bank's own documents on 12 Oct 2026, Flipkart Axis Bank Credit Card on 24 Oct 2026. Every figure here is worked out again from those records each time the site is built, so a change to either card shows up the day we log it.
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Sources
CASHBACK SBI Card was last checked against its bank's own documents on 12 Oct 2026, Flipkart Axis Bank Credit Card on 24 Oct 2026. Every fact above comes from these 10 documents; the banks' own are marked official. A fact a bank does not publish shows as "not published", never as zero.
The documents 10 sources
- Official Product page — 5% online and 1% offline, the ₹999 fee both years, and the ₹2 lakh renewal reversal read
- Official Cashback T&C e-kit — the 5%/1% table, the ₹2,000 + ₹2,000 + ₹4,000 statement-cycle caps, and the full MCC exclusion list read
- Official SBI Card MITC — the ₹999/₹999 fee row with the ₹2 lakh waiver, and the 3.5% foreign-currency markup read
- Official SBI Card's Airport Lounge Access page (the Set A and Set B card lists) — the programme document this card's lounge entitlement is read against read
- Official Revision of Axis Bank Credit Card Terms and Conditions — the bank-wide notice: DCC 1.5% to 3.5%, and gift cards, Bridge Fees, Road Fees and Tolls out of rewards, from 28 Aug 2026 read
- Official Flipkart Axis Bank product page — the 7.5%/5%/4%/1% cashback grid with its quarterly caps, the fee table and the co-branding statement read
- Official Flipkart Axis Bank cashback Terms & Conditions — the caps, the excluded-MCC table and the multi-cobranding definition read
- Official Axis Bank Domestic Airport Lounge Access Program — the Flipkart Axis card lost complimentary lounge access on 20 June 2025 and is on neither Set A nor Set B read
- Official Axis Bank Key Fact Sheet, last updated 8 Oct 2026 — FLIPKART joining ₹500, annual ₹500, waiver at ₹3,50,000 of preceding-year spend read
- Official Axis Travel EDGE Program eligible cards — no Flipkart Axis card appears, so the transfer route is closed to it read