The SBI Flipkart Credit Card, created through a partnership between SBI Card and Flipkart, aims to reward frequent online shoppers with appealing cashback benefits. One of its main features is 7.5% cashback on Myntra purchases, along with extra rewards on Flipkart and other partner sites. The card has a joining fee of ₹500 plus GST, but this fee is waived once you meet the annual spending limit. This makes it an affordable choice for regular shoppers in the Flipkart ecosystem.
SBI Flipkart Credit Card Benefits
The SBI Flipkart Credit Card is designed for regular online shoppers. It offers increased cashback on popular e-commerce and lifestyle sites. The biggest draw is 7.5% cashback on Myntra purchases, which is great for fashion and lifestyle fans. Users also earn 5% cashback on Flipkart, Shopsy, and Cleartrip, making shopping for electronics, apparel, travel, and essentials more affordable.
The card’s benefits go beyond the Flipkart ecosystem. It offers 4% cashback at select merchants like Zomato, Uber, Netmeds, and PVR Cinemas. This covers expenses for food delivery, commuting, healthcare, and entertainment. For all other eligible transactions, cardholders receive 1% cashback with no limit, making it a practical choice for everyday spending.
To keep things fair, there are quarterly cashback limits of ₹4,000 for Myntra, Flipkart-related, and preferred merchant purchases. While these caps may limit very high-volume spenders, they work well for most average shoppers to maximize their benefits. Plus, the automatic credit of cashback within two days of the statement generation adds convenience, so cardholders see their rewards quickly without long waiting periods for redemption.
Welcome Benefits – Vouchers ₹1,250
- New SBI Flipkart Credit Card holders can enjoy welcome benefits totaling ₹1,250, offered as two separate rewards:
- ₹500 Flipkart E-Gift Card: Available to customers who apply via the Flipkart app and make their first Flipkart transaction within 30 days of card approval. The gift card is valid for one year from the date of issuance.
- ₹500 Cleartrip Flight Coupon: This coupon, provided under the same eligibility conditions, can be used for flight bookings and is valid for 3 months from the date of issuance.
Travel Benefits
The SBI Flipkart Credit Card gives 5% cashback on Cleartrip flight bookings. The cashback is automatically added within two days, so travel savings are quick and easy. It is accepted worldwide through Visa and Mastercard, but cashback is limited to ₹4,000 each quarter. The card does not offer premium travel benefits like lounge access or travel insurance. Certain categories, such as fuel and insurance, are excluded. This card is best for users who want simple cashback on online travel bookings.
Other Benefits
The SBI Flipkart Credit Card provides a 1% fuel surcharge waiver on purchases between ₹500 and ₹4,000, with a cap of ₹400 per month. It also offers a renewal fee waiver for annual spending of ₹3.5 lakh. Cardholders can get up to three free add-on cards, access to global ATM cash, Flexipay EMI conversion, balance transfers, and utility bill payments. This makes the card valuable for more than just shopping rewards.
Reward Points and Redemption
The SBI Flipkart Credit Card offers direct cashback instead of reward points. This gives cardholders an immediate benefit from their spending. Users earn 7.5% cashback on Myntra, 5% on Flipkart, Shopsy, and Cleartrip, 4% on select merchants like Zomato, Uber, Netmeds, and PVR, and 1% on all other eligible transactions.
Cashback is automatically credited within two days of generating the statement. It can be used directly for purchases on Flipkart and Cleartrip. There is a quarterly cap of ₹4,000 for Myntra, Flipkart, and preferred merchant transactions, while the standard 1% cashback has no cap. Some transactions, such as EMI conversions, utility bills, fuel, jewelry, and specific other categories, are excluded. This makes the card particularly suitable for online shopping and lifestyle expenses.
Fees And Charges
| Fee Type | Charge / Details |
|---|---|
| Joining Fee | ₹500 (one-time) |
| Renewal Fee | ₹500 per annum; waived if annual spends exceed ₹3.5 lakh |
| Add-on Card Fee | Nil |
| Finance Charge (APR) | 0.75% – 3.5% per month (≈9%–42% p.a.) |
| Cash Advance Fee | 2.5% of transaction amount (minimum ₹300) |
| Overdue Interest | 3.99% per month (≈47.9% p.a.) |
| Late Payment Fee | ₹100 – ₹1,300 depending on outstanding balance |
| Cheque Dishonour Fee | ₹350 per instance |
| Fuel Surcharge Waiver | 1% on spends ₹500–₹4,000 at petrol pumps; max waiver ₹400 per statement cycle |
SBI Flipkart Credit Card Review
The SBI Flipkart Credit Card is ideal for people who shop often at Flipkart and Myntra. It provides high cashback on these sites and offers benefits with Cleartrip and select merchants. Its cashback structure is appealing, but shoppers who use Amazon may not always get cashback. This depends on whether Amazon includes this co-branded card in its offers, which can change.
The joining and renewal fees are ₹500 plus GST, similar to the Axis Bank Flipkart Credit Card, keeping it competitive in the market. While this card does not include premium perks such as lounge access, its simple cashback system and practical use make it a strong option for those focused on Flipkart, Myntra, and possibly Amazon. When compared to the Axis Flipkart card, SBI’s card offers slightly higher cashback on Myntra and lifestyle spending, although both cards target similar shoppers.
About The Author
