New Delhi: While shopping online, every customer wants to get lower prices on the goods and also get some extra savings on the purchase. Co-branded credit cards can be an option for those shopping on e-commerce platforms like Amazon and Flipkart. Through these cards, one can get cashback or rewards on eligible purchases of smartphones, electronics, clothes and household essentials.
However, the benefits available on every card are not the same. At some places cashback is available in Amazon Pay balance, at some places there is a maximum cashback limit or other conditions apply. In such a situation, before choosing a card, it is important to understand its benefits and expenses.
Amazon Pay ICICI Bank Credit Card
If you make regular purchases from Amazon, then Amazon Pay ICICI Bank Credit Card can be an option for you.
– Prime Members: Up to 5% cashback on eligible Amazon.in purchases.
– Non-Prime members: Typically up to 3% cashback on eligible purchases.
– Cashback method: The cashback received is deposited in Amazon Pay balance.
– Fees: There is no joining and annual fee on this card.
Amazon Pay balance can be used for purchases on Amazon and eligible Amazon Pay payments. However, it is not necessary to get cashback on all transactions.
Flipkart Axis Bank Credit Card
Flipkart Axis Bank Credit Card is an option for those who make a lot of purchases from Flipkart. Up to 5% cashback can be availed on this card for eligible Flipkart purchases. Through this card, you can also get additional benefits on Myntra and some other partner platforms. However, cashback maximum limit, eligible transactions and other rules may apply. Before purchasing the card, be sure to get information about its current joining fee and annual fee.
Flipkart SBI Credit Card
Flipkart SBI Credit Card is also an option for those shopping or booking on Flipkart as well as Shopsy and Cleartrip.
– Flipkart, Shopsy and Cleartrip: Up to 5% cashback on eligible spends.
– Myntra: Up to 7.5% cashback on eligible purchases.
– Other spends: Cashback rate depends on the category of spend and applicable rules.
Also compare the joining fees, annual fees and cashback terms along with the benefits available on this card.
Which card will save more?
The choice of card depends on your shopping habits. If you shop a lot on Amazon and are a Prime member, then the cashback available on Amazon Pay ICICI Card can be useful for you. At the same time, those who make regular purchases from Flipkart should compare the benefits of Flipkart Axis Bank and Flipkart SBI cards.
For example, if Rs 10,000 is spent on an eligible purchase and 5% cashback is applicable, a benefit of Rs 500 can be availed. This is just an example; Actual cashback will depend on card terms and eligible spends.
Keep these things in mind before taking a credit card
– Check the fees: Annual fees and other charges may reduce your total savings.
– Understand cashback limits: Some cards have a maximum cashback limit.
– View eligible purchases: It is not mandatory to earn cashback on every transaction.
– Pay bills on time: Pay the entire due amount on time to avoid interest and late fees.
– Don’t shop just for cashback: buy only what you really need.
Be sure to keep these things in mind
Co-branded credit cards of Amazon and Flipkart can provide an opportunity to save on online shopping. But the best option will be one that suits your shopping habits and whose fees and terms are right for you. Confirm the latest rules on the official website of the bank before taking the card and give priority to your need and payment capacity rather than cashback.