SBI Card and Flipkart have together launched a new Flipkart SBI Credit Card, designed for customers who frequently shop on Flipkart, Myntra, Shopsy, and Cleartrip.
The card is available on both MasterCard and Visa platforms. Customers can easily apply for it through the Flipkart app or the SBI Card website.
Cashback and Rewards Benefits
This card offers several cashback benefits:
7.5% cashback on Myntra shopping
5% cashback on Flipkart, Shopsy, and Cleartrip
Maximum cashback of ₹4,000 per category per quarter
4% cashback on select brands like Zomato, Uber, Netmeds, and PVR
1% unlimited cashback on all other transactions
Additional benefits include:
Fuel surcharge waiver of up to ₹400 in every statement cycle
3.5% forex markup on international spends
Cashback is automatically credited within two days of statement generation
Fees, Offers, and Welcome Benefits
Joining and annual fee: ₹500 + taxes
Annual fee waived on spending ₹3.5 lakh in a year
New customers get welcome benefits worth up to ₹1,250, including e-gift cards and Cleartrip vouchers
Launch offer: Chance to win a Samsung Galaxy Smartwatch and Ambrane Wireless Power Bank
Companies’ Views and Reach
SBI Card MD and CEO Salila Pandey said the card has been designed keeping in mind the changing needs of customers.
Flipkart Group CEO Kalyan Krishnamurthy said this partnership aims to give more value to customers and expand access to formal credit.
Currently, SBI Card serves over 2.1 crore cardholders across lifestyle, rewards, travel, fuel, and corporate segments.
Meanwhile, Flipkart has more than 50 crore registered users and 14 lakh sellers on its platform.
