Flipkart Axis Bank vs IndusInd Iconia Amex
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
EXPRESS
Flipkart Axis Bank wins 4-2. Flipkart loyalists who also use Myntra and Cleartrip IndusInd Iconia Amex is still the right call if mid-premium amex with annual-fee waiver from year 2..
Side-by-side
| Criterion | Flipkart Axis Bank | IndusInd Iconia Amex |
|---|---|---|
| Annual fee | · ₹500 | No annual fee |
| Joining fee | ₹500 | · ₹3,500 |
| Top reward rate | = 5% (shopping) | = 5% (shopping) |
| Base reward rate | = 1.5% | = 1.5% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = ₹500 Flipkart voucher + ₹600 spend bonus on first 90 days | = 4,000 reward points + Yatra voucher |
| Fee waiver threshold | · ₹350,000 / yr | N/A (no fee) |
| Min income | ₹360,000 | · ₹600,000 |
| Min credit score | 730 | · 770 |
| Editorial rating | 4.4/5 | · 4.2/5 |
Benefits compared
Flipkart Axis Bank
- 5% cashback on Flipkart, Myntra, 2GUD
- 4% cashback on Cleartrip, Swiggy, Uber, PVR, Cult.fit
- 1.5% cashback on every other transaction
- 4 complimentary domestic lounge visits per year
- 1% fuel surcharge waiver
IndusInd Iconia Amex
- 10 reward points per ₹100 on weekend dining + grocery
- 4 international + 8 domestic lounge visits/year
- Annual fee waived from year 2 (lifetime)
- 1% fuel surcharge waiver
- Buy-1-get-1 BookMyShow
FAQ
›Flipkart Axis Bank vs IndusInd Iconia Amex: which is better?
Flipkart Axis Bank wins on more dimensions (4 vs 2). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use Flipkart Axis Bank for its best categories, IndusInd Iconia Amex for its best categories. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
Flipkart Axis Bank: ₹500 Flipkart voucher + ₹600 spend bonus on first 90 days. IndusInd Iconia Amex: 4,000 reward points + Yatra voucher.