Flipkart Axis Bank Credit Card is a wonderful alternative for anyone who enjoys receiving straight cashback. The 5% no-cap cashback on Flipkart purchases could result in big savings. If you add at least 1.5% cashback, it can be an all-purpose credit card that can be used for any transactions. 

Overview

How to apply for Flipkart Axis Bank Credit Card?

Users can apply for the Axis Bank Flipkart Credit Card either offline or online. Users can apply for the Axis Bank Flipkart Credit Card either offline or online, or by calling customer care.

Users can apply for the card online through the Axis Bank website. 

• Visit the official Axis Bank website.
• Swipe down the menu to find the “Credit Cards” option.
• Select “Flipkart Axis Bank Credit Card,” once the user comes across the option.
• After you click the link, a form displays.
• The online application requires the user’s basic information, including their name, cellphone number, type of employment, monthly income, and PIN code.
• Click “Submit” once all the details are filled out.

After the paperwork has been submitted, the bank will get in touch with the customer.

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Who should get the Flipkart Axis Bank Credit Card?

Because it provides the aforementioned benefits on Flipkart, Myntra, and other partner merchants, the card is great for online shoppers. The following are the best cardholders for the product:

• Followers of Flipkart.
• Users looking for online buying deals and discounts.
• Users looking for a credit card with a low annual fee.
• Users looking for access to an airport lounge in India.

How to redeem cashback?

It is a cashback credit card. As an incentive, users receive a percentage of their credit card purchases.

Flipkart Axis Bank Credit Card Eligibility

• Resident: Resident or Non- Resident Indian
• Age: 18 to 70 years
• Occupation: Salaried or Self Employed
• Income: Applicants must have a stable source of income to be eligible for this credit card.

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Documents Required

• Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, NREGA Job Card UIDAI letters or any other government-issued photo ID proof.
• Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill that is less than three months old, Ration Card, Property Registration Document, Person of Indian Origin Card, NREGA Job Card, Bank Account Statement, or any other government-approved address evidence.
• Proof of Income: The most recent one or two salary slips (no older than three months), the most recent Form 16, and the most recent three months’ bank statement.

Also read :- Best Personal Loans in India 2023

The post Flipkart Axis Bank Flipkart Axis Bank Credit Card appeared first on Republic Aeon.

According to a document that Walmart issued with the US Securities and Exchange Commission, some sections of the sum were also used to satisfy liabilities with some shareholders of PhonePe.

According to the document, Walmart stated that during the six months that concluded on July 31, 2023, the firm spent $3.5 billion to acquire shares from certain Flipkart non-controlling interest holders and to resolve the liabilities to former non-controlling interest holders of PhonePe. 

According to the price that Tiger Global was willing to pay for Flipkart, the e-commerce platform had a valuation of approximately $35 billion. Walmart has also coled a $3.6 billion investing in Flipkart in 2021 together with a few other investors at a valuation of $37.6 billion. This investment was made by Flipkart.

Walmart, which competes with global and local behemoths like Amazon, Reliance, and Tata in the Indian ecommerce arena, has been substantially involved in the market and plans to take Flipkart, public in the coming years.

Judith McKenna, who is stepping down from her position as president and CEO of Walmart International, was quoted as saying in a recent interview that the Flipkart business continues to perform and is a strong competitor in the Indian market.

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It is challenging to create a business model that is comparable to Flipkart’s in terms of both its pace and its capacity for innovation. “We have a business in Africa called Massmart, and we have asked them to be the partners and actually build the marketplace there,” McKenna had told TOI, adding that the possibility in India is substantial.

In 2018, Walmart spent $16 billion to acquire a controlling stake of 77% in the e-commerce company Flipkart, which was established by Sachin Bansal and Binny Bansal, both of whom graduated from the Indian Institute of Technology.

A valuation of $21 billion had been assigned to Flipkart at the time of the transaction. Sachin Bansal, one of the co-founders of the company, decided to leave the business and sell his entire 5.5% ownership to Walmart for around one billion dollars as part of the transaction.

Also read :- Primary market stays upbeat with 4 IPOs lined up to raise Rs 1,350 crore next week

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