Flipkart SBI Credit Card: SBI Card and Flipkart have jointly launched the Flipkart SBI Credit Card, designed mainly for budget-conscious shoppers who use credit cards for everyday purchases.
The card aims to give more value through cashback, offers, and rewards—especially during sales like Flipkart’s Big Billion Days.
Offers and Cashback Details
This card provides cashback across many popular platforms:
Flipkart & Cleartrip: 5% cashback
Myntra: 7.5% cashback
Zomato, Uber, Netmeds, PVR: 4% cashback
All other expenses: 1% cashback (unlimited)
Quarterly cashback limits apply:
₹4,000 per quarter for each: Flipkart, Myntra, and Cleartrip
The card is available on both MasterCard and Visa networks.
Ankur Mittal, Co-founder of Card Insider, mentioned that the cashback on Myntra is more attractive compared to Flipkart.
Cashback Breakdown
| Spending Category | Cashback | Limit |
|---|---|---|
| Myntra | 7.5% | ₹4,000 per quarter |
| Flipkart & Cleartrip | 5% | ₹4,000 per quarter |
| Zomato, Uber, Netmeds, PVR | 4% | ₹4,000 per quarter |
| All other eligible spending | 1% | No limit |
Note: Cashback does not apply to spending on rent, fuel, jewellery, school fees, wallet loads, government services, gaming, insurance, and EMI transactions.
Fees and Charges
Joining Fee: ₹500 + GST
Annual Renewal Fee: ₹500 + GST
Fee waiver if you spend ₹3.5 lakh or more in a year
Interest Rate: 3.75% per month (about 45% annually)
Foreign Transaction Fee: 3.5%
Late Payment Charges: Up to ₹1,300
Benefits of the Card
Ankur Mittal says this card offers strong cashback benefits across multiple platforms with a low annual fee.
A key highlight is that cashback is directly credited to your account within 2 business days after the billing cycle ends.
What Are the Limitations?
According to Mittal, the main downside is the lack of airport lounge access. SBI Card clarified that this card is built for online shoppers, with rewards centered on Flipkart, Myntra, and Cleartrip—not for luxury or travel benefits.
Sumanta Mandal, founder of Technofino, also pointed out that the quarterly cashback limit and high annual spend requirement for fee waiver can be tough for first-time or low-spending users.
How Is It Different from Other Cards?
Sumanta Mandal noted that the Flipkart SBI Credit Card is quite similar to the Flipkart Axis Bank Credit Card, showing Flipkart’s growing partnerships with various banks.
Ankur Mittal added that while both cards are similar, the Flipkart SBI Credit Card has better welcome benefits and different cashback partners under the 4% category.
Comparison: Flipkart SBI vs Flipkart Axis Credit Card
| Feature | Flipkart SBI Card | Flipkart Axis Card |
|---|---|---|
| Joining/Renewal Fee | ₹500 + GST | ₹500 + GST |
| Welcome Benefit | ₹1,250 gift vouchers (till Dec 31, 2025) | ₹350 gift voucher |
| 7.5% Cashback | Myntra | Myntra |
| 5% Cashback | Flipkart & Cleartrip (₹4,000/quarter cap) | Same |
| 4% Cashback | Zomato, Uber, Netmeds, PVR | Swiggy, Uber, PVR, Cult.fit |
| Airport Lounge Access | No | No |
Should You Get This Card?
Ankur Mittal believes the Flipkart SBI Credit Card is ideal for regular shoppers on Flipkart, Myntra, and Cleartrip. The attractive cashback and low annual fees make it a good option.
However, Sumanta Mandal feels that the card doesn’t offer anything very unique.
For heavy Flipkart users, the SBI Cashback Credit Card or SBI PhonePe Select Black Credit Card might be better, as both also offer 5% cashback on Flipkart—though they come with higher fees.
