The Flipkart Axis Bank Credit Card is a fantastic option for shoppers looking to earn rewards and enjoy exclusive discounts. While it’s primarily designed for shopping, it also offers the flexibility of cash withdrawals from ATMs. However, before using this feature, it’s crucial to understand the Flipkart Axis Bank Credit Card cash withdrawal limit and the costs involved.
With this card, you can withdraw up to 40% of your credit limit in a single transaction. For example, if your credit limit is INR 1,00,000, you can withdraw up to INR 40,000 as cash. While this feature can be helpful in emergencies, exceeding the Flipkart Axis Bank Credit Card cash withdrawal limit can incur additional costs.
It’s important to note that cash withdrawals come with high interest charges and additional fees. To avoid unnecessary costs, you should be aware of the Flipkart Axis Bank Credit Card cash withdrawal limit, applicable charges, and other factors before opting for a cash advance. Let’s explore all the important details in the blog.
Table of contents
- Flipkart Axis Bank Credit Card Cash Withdrawal Limit
- Charges for Exceeding Flipkart Axis Bank Credit Card Cash Withdrawal Limits
- Flipkart Axis Bank Credit Card Cash Withdrawal Charges and Interest Rates
- Factors Affecting Flipkart Axis Bank Credit Card Withdrawal Limit
- How to Withdraw Cash Using Flipkart Axis Bank Credit Card?
- FAQs
Flipkart Axis Bank Credit Card Cash Withdrawal Limit
The Flipkart Axis Bank Credit Card allows cardholders to withdraw cash up to 20% to 40% of their total credit limit in one transaction.
For example, if your credit limit is INR 1,00,000, you can withdraw up to INR 40,000 as cash. If the limit is INR 75,000, the maximum cash withdrawal would be INR 30,000
However, Axis Bank decides the exact Flipkart Axis Bank credit card cash withdrawal limit is decided based on factors like cardholder profile, credit history, and spending behaviour.
Check out the table below for more clarity on Axis Bank cash withdrawal limits–
| Credit Limit (INR ) | Estimated Cash Withdrawal Limit (INR ) |
| INR 50,000 | INR 10,000 – INR 20,000 |
| INR 1,00,000 | INR 20,000 – INR 40,000 |
| INR 2,00,000 | INR 40,000 – INR 80,000 |
Charges for Exceeding Flipkart Axis Bank Credit Card Cash Withdrawal Limits
The Flipkart Axis Bank Credit Card allows cardholders to withdraw cash from ATMs, but this convenience comes at a cost. The bank charges additional costs for exceeding Flipkart Axis Bank credit cash withdrawal limits. This is called the over-limit penalty.
| Charge Type | Details |
| Over Limit Penalty | 2.5% of the withdrawn amount (minimum INR 500) |
Flipkart Axis Bank Credit Card Cash Withdrawal Charges and Interest Rates
Unlike regular credit card purchases, cash withdrawals start accruing interest immediately. The Flipkart Axis Bank Credit Card has a high interest rate on withdrawn cash, which continues to accumulate until full repayment is made. This makes cash advances an expensive option if not repaid quickly.
Check out the different types of charges and interest rates applicable to one of the popular Axis Bank credit cards with international lounge access, particularly the Flipkart Credit Card.
| Charge Type | Details |
| Finance Charges (Retail Purchases & Cash Advances) | 3.75% per month (55.55% per annum) |
| Foreign Currency Transaction Fee | 3.5% of the transaction value |
| Dynamic Currency Conversion | 1.5% markup fee on international transactions performed in Indian currency at international locations |
Since the interest is compounded monthly, withdrawing cash should be a last resort. If you must use this feature, try to repay the amount as soon as possible to minimize interest costs.
Also Read: This blog includes the details about the Zero Forex Markup Credit Cards. Know more about credit cards here that do not have any Forex fees.
Factors Affecting Flipkart Axis Bank Credit Card Withdrawal Limit
Understanding what determines your Flipkart Axis Bank Credit Card cash withdrawal limit is crucial for managing your finances effectively. Here are the key factors that influence this limit:
Credit Limit
Your cash withdrawal limit is a percentage of your total credit limit, typically ranging from 20% to 40%. If you have a higher credit limit, your cash withdrawal limit will also be higher.
For example-
- If your total credit limit is INR 1,00,000, your cash withdrawal limit may be around INR 20,000 to INR 40,000.
- If your credit limit is INR 50,000, your cash withdrawal limit might be around INR 10,000 to INR 20,000.
Card Type & Bank Policy
Axis Bank offers different credit cards with varying policies regarding cash withdrawals. Some premium credit cards may have higher withdrawal limits compared to entry-level cards. Additionally, the withdrawal facility may not be available on all cards.
Check your credit card terms and conditions or contact Axis Bank to know your specific cash withdrawal limit.
Spending & Repayment Behaviour
Banks monitor how you use and repay your credit card balance. If you consistently:
- Use your credit card regularly without maxing it out
- Make timely payments of your total bill
- Avoid frequent late payments or defaults
Axis Bank may automatically increase your withdrawal limit over time. However, if you miss payments or have a history of overutilization, your withdrawal limit may be reduced.
Credit Score
Your CIBIL score plays a major role in determining your cash withdrawal terms. A high credit score (750+) indicates financial discipline and can help you get a better withdrawal limit.
Here’s how you can improve your credit score-
- Make full payments instead of just the minimum amount due.
- Avoid frequent cash withdrawals (as banks see this as risky behaviour).
- Use less than 30% of your credit limit for better creditworthiness.
How to Withdraw Cash Using Flipkart Axis Bank Credit Card?
Withdrawing cash from your Flipkart Axis Bank Credit Card is a straightforward process, similar to using a debit card at an ATM. However, unlike debit card withdrawals, credit card cash advances come with high charges.
Check out the step-by-step process below-
- Visit an ATM that supports Axis Bank credit cards.
- Insert your Flipkart Axis Bank Credit Card into the machine.
- Enter your PIN to proceed with the transaction.
- Select “Cash Withdrawal” or “Cash Advance” from the ATM menu.
- Enter the amount you wish to withdraw (within your allowed limit).
- Confirm the transaction and collect your cash.
Note: Some ATMs may display a message about additional charges before processing your withdrawal. Always check the fees before proceeding.
Also Read: Learn about PayPass International Debit Cards for quick and secure transactions. Explore best banks, charges, usage, and more.
Key Points to Remember:
- High Charges Apply – Every cash withdrawal incurs a transaction fee (2.5% – 3.5% of the amount withdrawn, with a minimum charge of INR 500).
- Interest Starts from Day One – Unlike regular purchases where you get an interest-free period, cash withdrawals start accruing interest immediately (at around 3.4% – 3.6% per month or 40.8% – 43.2% per year).
- No Rewards or Cashback – Unlike regular card transactions that offer cashback or reward points, cash withdrawals don’t earn any benefits.
- Repay as Soon as Possible – Since interest compounds daily, repaying the amount quickly will help minimize interest costs.
- Avoid Frequent Withdrawals – Using your credit card for cash advances frequently signals financial distress to banks, which may lower your credit score and reduce future credit limits.
While Flipkart Axis Bank Credit Card cash withdrawal is a convenient feature for emergencies, it should be used cautiously. Due to high charges and interest rates, always explore alternatives like UPI, digital payments, or personal loans before opting for a cash advance. If you do withdraw cash, repay the amount as soon as possible to avoid unnecessary costs.
FAQs
You can withdraw between 20% to 40% of your total credit limit as cash advances using the Flipkart Axis Bank Credit Card.
The cash withdrawal limit is typically set at 40% of your overall credit limit. For instance, if your limit is INR 1,00,000, you can withdraw up to INR 40,000.
Axis Bank charges a fee of 2.5% of the withdrawal amount or a minimum of INR 500, whichever is higher.
Yes, the interest rate on cash withdrawals is generally between 3% and 4% per month, starting from the day of withdrawal until the amount is fully repaid.
Yes, you can use your Flipkart Axis Bank Credit Card to withdraw cash from any ATM that accepts credit cards.
Yes, certain cards like the Axis Bank Magnus, Burgundy Private, and Reserve Credit Cards do not incur cash withdrawal fees.
The cash advance limit is a subset of your total credit limit, usually set at around 40%, ensuring you have enough for both cash and non-cash transactions.
Exceeding your cash withdrawal limit may result in additional charges and could negatively impact your credit score due to overutilization of your credit line.
There is no grace period; interest starts accruing immediately after the withdrawal.
You can check your current cash withdrawal limit through your credit card statement or by contacting Axis Bank customer service.
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