Flipkart SBI Card: A New Era of Cashback and Convenience

Launched on August 26, 2025, the Flipkart SBI Card is a co-branded credit card developed through a collaboration between Flipkart and SBI Card. This card is designed to offer substantial cashback benefits across the Flipkart ecosystem and select partner brands, catering especially to avid online shoppers and lifestyle spenders.

Whether you're a frequent shopper on Flipkart, Myntra, or Cleartrip, or someone who enjoys dining out and travel, this card promises to enhance your spending experience.

Key Features and Benefits

1. Generous Cashback Offers

• Myntra: Enjoy a 7.5% cashback on purchases made on Myntra.
• Flipkart & Cleartrip: Earn 5% cashback on spends at Flipkart, Shopsy, and Cleartrip.
• Preferred Partners: Get 4% cashback on select brands like Zomato, Uber, Netmeds, and PVR.
• Other Eligible Spends: Receive 1% unlimited cashback on all other eligible transactions.

Each category has a quarterly cashback cap of ₹4,000, ensuring that your rewards accumulate swiftly.

2. Welcome Benefits Worth ₹1,250

New applicants can avail themselves of a welcome package comprising:

• ₹250 Flipkart Gift Card upon payment of the joining fee.
• An additional ₹500 Flipkart Gift Card and ₹500 Cleartrip Gift Voucher, available until December 31, 2025.

These gift cards will be credited to your registered email or mobile number within 60 days of joining fee realization.

3. Annual Fee Reversal

The card comes with a joining and renewal fee of ₹500. However, if you spend ₹3.5 lakh or more in a year, the renewal fee for the subsequent year is waived.

4. Fuel Surcharge Waiver

Benefit from a 1% fuel surcharge waiver on transactions ranging from ₹500 to ₹4,000 at all petrol pumps across India, exclusive of GST and other charges. The maximum waiver is ₹400 per statement cycle.

Ideal For

• E-commerce Enthusiasts: Frequent shoppers on Flipkart and Myntra will find the 5% and 7.5% cashback rates particularly rewarding.
• Travel Buffs: The 5% cashback on Cleartrip and the 4% on select partners like Uber and Netmeds enhance travel and lifestyle spending.
• Everyday Spenders: The 1% unlimited cashback on all other eligible spends ensures consistent rewards on daily purchases.

Competitor Cards

• Amazon Pay ICICI Credit Card: Offers 5% cashback on Amazon spends for Prime members, 3% on restaurants, and 2% on other spends. Good alternative if you shop primarily on Amazon.
• Flipkart Axis Bank Credit Card: Offers 5% cashback on Flipkart (non-Myntra) spends and various other benefits, but the cashback percentage on Myntra is lower compared to the SBI co-branded card.
• Myntra Kotak Credit Card: Focused on fashion spends with good cashback on Myntra but limited benefits outside.

Compared to these, the Flipkart SBI Card offers one of the highest cashback rates on Myntra (7.5%) and a balanced portfolio of cashback benefits across lifestyle and travel categories.

Final Verdict

The Flipkart SBI Card stands out with its high cashback rates, especially on Myntra and Flipkart, making it a compelling choice for regular shoppers on these platforms. The additional benefits, such as the welcome package and fuel surcharge waiver, further enhance its appeal. However, if your spending habits are more diverse and not concentrated within the Flipkart ecosystem, you might want to explore other SBI Card offerings that offer broader cashback categories.

For more details or to apply, visit the official SBI Card website.