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Amazon Pay ICICI Bank vs Flipkart Axis Bank: Which Card Is Better?

A side-by-side comparison of Amazon Pay ICICI Bank and Flipkart Axis Bank credit cards: fees, reward rates by category, caps, forex markup, lounge access, and which one earns more for different kinds of spenders.

Verdict

Flipkart Axis Bank earns more in 4 of the 7 spending profiles we tested. Choose Amazon Pay ICICI for amazon prime members who want a no-fee card. Choose Flipkart Axis for regular flipkart and myntra shoppers.

Spending profileAmazon Pay ICICIFlipkart AxisWinner
Balanced spender₹5,400₹6,360Flipkart Axis (+₹960)
Online shopper₹7,980₹7,860Amazon Pay ICICI (+₹120)
Frequent traveller₹6,782₹12,684Flipkart Axis (+₹5,902)
Family & groceries₹7,920₹6,960Amazon Pay ICICI (+₹960)
Foodie₹5,280₹7,920Flipkart Axis (+₹2,640)
Daily commuter₹3,900₹3,780Amazon Pay ICICI (+₹120)
High spender₹19,893₹28,566Flipkart Axis (+₹8,673)

Estimated yearly value after caps, fees (with GST) and forex costs. Try your own spends →

Amazon Pay ICICI vs Flipkart Axis: full comparison

FeatureAmazon Pay ICICI BankFlipkart Axis Bank
Card
Amazon Pay ICICI BankICICI Bank
Flipkart Axis BankAxis Bank
Annual feeFree₹500 + GST
Joining feeFree₹500 + GST
Fee waiverNo fee to waiveWaived on ₹3,50,000 yearly spend
NetworkVisaVisa / Mastercard
Amazon rewards5%1%
Flipkart rewards1%5%
Other online shopping rewards1%1%
Food delivery rewards1%4%
Dining out rewards1%1%
Groceries rewards1%1%
Flights & hotels rewards1%4%
Fuel rewards0%0%
Bills & recharges rewards2%0%
Everything else rewards1%1%
Forex markup1.99%3.5%
Lounge accessNoneNone
Reward capsNo major capsFlipkart cashback capped at ₹4,000 per quarter
Est. yearly value: balanced spender₹5,400₹6,360
Est. yearly value: online shopper₹7,980₹7,860
Est. yearly value: frequent traveller₹6,782₹12,684
Est. yearly value: family & groceries₹7,920₹6,960
Best forAmazon Prime members who want a no-fee cardRegular Flipkart and Myntra shoppers
Pros
  • Lifetime free, with no joining or annual fee
  • 5% back on Amazon for Prime members
  • 2% back on bill payments through Amazon Pay
  • Lower 1.99% forex markup
  • 5% cashback on Flipkart and 7.5% on Myntra
  • 4% cashback on preferred partners like Swiggy, Uber and PVR
  • 1% unlimited cashback elsewhere
  • Low ₹500 annual fee
Cons
  • Only 3% on Amazon without Prime
  • Flights and hotels booked via Amazon Pay no longer earn the 5%/3% rate
  • 1% fee on wallet loads of ₹5,000+ and on utility payments above ₹50,000 a month (2026)
  • No lounge access
  • Fee waiver needs ₹3.5 lakh yearly spend
  • No cashback on utilities, fuel, rent and education
  • Lounge access discontinued
Visit ICICI BankVisit Axis Bank

FAQs

Which is better, Amazon Pay ICICI or Flipkart Axis?

Flipkart Axis Bank comes out ahead in 4 of 7 spending profiles we tested. Choose Amazon Pay ICICI Bank if you want a card for amazon prime members who want a no-fee card. Choose Flipkart Axis Bank if you want a card for regular flipkart and myntra shoppers.

What is the difference in annual fee between Amazon Pay ICICI and Flipkart Axis?

Amazon Pay ICICI Bank: Lifetime free (no fee to waive). Flipkart Axis Bank: ₹500 + GST (waived on ₹3,50,000 yearly spend).

Which card has a lower forex markup?

Amazon Pay ICICI Bank has the lower forex markup at 1.99%, compared with 3.5%.

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