Flipkart Axis Bank vs HDFC Bank MoneyBack+
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
Flipkart Axis Bank and HDFC Bank MoneyBack+ differ first on recurring cost: Flipkart Axis Bank has an annual fee of ₹500 + GST against ₹500 + GST for HDFC Bank MoneyBack+, so holding cost is identical. On rewards, Flipkart Axis Bank earns 1% cashback on other eligible spends while HDFC Bank MoneyBack+ earns 2 CashPoints per ₹200 on eligible spends. Both publish the same 3.5% forex markup. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-01. Confirm final terms with the issuer.
| Feature | Flipkart Axis Bank | HDFC Bank MoneyBack+ |
|---|---|---|
| Issuer | Axis Bank | HDFC Bank |
| Joining fee | ₹0 | ₹500 + GST |
| Annual fee | ₹500 + GST | ₹500 + GST |
| Fee waiver | ₹3,50,000 annual eligible spend | ₹50,000 annual eligible spend |
| Base rewards | 1% cashback on other eligible spends | 2 CashPoints per ₹200 on eligible spends |
| Accelerated routes | Myntra · Flipkart (excluding Flipkart Health) · Cleartrip | 20 CashPoints per ₹200, capped at 2,500 CashPoints/month |
| Reward exclusions | fuel, rent, wallet load, gift card, emi, insurance, utility, telecom, education, government, financial institution, gold jewellery, cash advance, card fees | fuel, rent, wallet load, emi, govt, cash advance |
| Forex markup | 3.5% | 3.5% |
| Domestic lounge | none (removed June 2025) | none |
| International lounge | none | none |
| Card networks | Visa, RuPay | Visa, RuPay |
| Best suited to | flipkart, myntra, cashback, online shopping | first card, online shopping, low spender |
| Issuer evidence | Checked 2026-07-28 | Checked 2026-08-01 |
Frequently asked questions
Is the Flipkart Axis Bank better than the HDFC Bank MoneyBack+?
Neither is universally better. Flipkart Axis Bank charges ₹500 + GST a year and earns 1% cashback on other eligible spends; HDFC Bank MoneyBack+ charges ₹500 + GST and earns 2 CashPoints per ₹200 on eligible spends. The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, Flipkart Axis Bank or HDFC Bank MoneyBack+?
Both cards carry the same recorded annual fee of ₹500 + GST, so the decision rests on rewards, caps and exclusions rather than holding cost.
Which is better for international spending, Flipkart Axis Bank or HDFC Bank MoneyBack+?
Both publish a 3.5% forex markup, so compare international reward eligibility and lounge access instead.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.