State Bank of IndiaIn partnership with FlipkartFlipkart SBI Card – Benefits, Fees & Eligibility
Is the Flipkart SBI Card Right for You?
The Flipkart SBI Card is best suited for users who prioritize Shopping, Travel. With a joining fee of ₹500 + GST and a renewal fee of ₹500 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Cashback as its primary reward mechanism, with a rewards rate of Up to 7.5% cashback on Myntra, 5% on Flipkart, 12% off on Cleartrip, 4% on select merchants, and 1% on others..
Key Card Details
₹500 + GST
₹500 + GST
Cashback
Up to 7.5% cashback on Myntra, 5% on Flipkart, 12% off on Cleartrip, 4% on select merchants, and 1% on others.
Notable Perks
Welcome Offer
₹250 Flipkart Gift Card + ₹1000 benefit on first Flipkart transaction.
Spend-Based Waiver
Waived on annual spend of ₹3,50,000 or more.
Fuel Surcharge Waiver
1% waiver on fuel transactions (₹500-₹4000), max ₹400 per statement cycle.
Things to Consider
Limited benefits outside of co-branded partners like Flipkart, Myntra, and Cleartrip.
Renewal fee waiver requires a high annual spend of ₹3,50,000.
No complimentary lounge access or golf benefits mentioned for premium perks.
Benefits & Features
Welcome Offer
₹250 Flipkart Gift Card + ₹1000 benefit on first Flipkart transaction.
Rewards Rate
Up to 7.5% cashback on Myntra, 5% on Flipkart, 12% off on Cleartrip, 4% on select merchants, and 1% on others.
Reward Type
Cashback
Travel Benefits
12% off on Cleartrip bookings.
Card Network
Visa
Fees & Charges
Joining Fee
₹500 + GST
Renewal Fee
₹500 + GST
Spend-Based Waiver
Waived on annual spend of ₹3,50,000 or more.
Fuel Surcharge Waiver
1% waiver on fuel transactions (₹500-₹4000), max ₹400 per statement cycle.
Add-on Card Fee
Nil
Pros & Cons
Pros
Key benefits and features of this card.
High cashback on Flipkart (5%) and Myntra (7.5%) for frequent online shoppers.
Significant savings on travel with 12% off on Cleartrip bookings.
Convenient contactless payments and global cash access for flexibility.
Option to convert large purchases into easy EMIs with Flexipay facility.
Cons
Key drawbacks and limitations of this card.
Limited benefits outside of co-branded partners like Flipkart, Myntra, and Cleartrip.
Renewal fee waiver requires a high annual spend of ₹3,50,000.
No complimentary lounge access or golf benefits mentioned for premium perks.
Cash advance charges are not detailed, which could be a hidden cost.
Product Details
Contactless Tap & Pay facility for effortless, fast, and secure everyday payments.
Ability to withdraw cash from over 1 million ATMs globally.
Convert eligible purchases of ₹2,500 or more into easy monthly EMIs with Flexipay.
Provide add-on cards for family members (parents, spouse, children, or siblings) above 18 years of age.
Easy Bill Pay facility for electricity, telephone, mobile, and other utility bills.
Transfer outstanding balances from other banks’ credit cards to your Flipkart SBI Card at a lower interest rate.
Benefits & Features
Welcome Offer
₹250 Flipkart Gift Card + ₹1000 benefit on first Flipkart transaction.
Rewards Rate
Up to 7.5% cashback on Myntra, 5% on Flipkart, 12% off on Cleartrip, 4% on select merchants, and 1% on others.
Reward Type
Cashback
Travel Benefits
12% off on Cleartrip bookings.
Card Network
Visa
What matters, explained clearly
Introduction
The Flipkart SBI Card, issued by SBI Card, is an entry-to-mid-range credit card designed for online shoppers, offering significant cashback benefits. It is positioned as a co-branded card with Flipkart, providing exclusive cashback on Flipkart and Myntra, along with special discounts on Cleartrip. Its primary differentiating benefits include 5% cashback on Flipkart, 7.5% cashback on Myntra, and 12% off on Cleartrip.
Welcome Benefits
- Rs. 250 Flipkart Gift Card upon fee realization.
- Rs. 1000 additional benefit on the first transaction on Flipkart.
Fees & Charges Breakdown
- Joining Fee: Rs. 500 + taxes
- Renewal Fee (per annum): Rs. 500 + taxes, applicable from the second year onwards.
- Spend-Based Waiver: The renewal fee is reversed if annual spends for the previous year are Rs. 3,50,000 or more.
- Add-on Card Fee (per annum): Nil
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps across India.
- Cash Advance: The card allows cash withdrawals from over 1 million ATMs across the globe. Specific cash advance charges are not detailed in the provided content.
- All taxes would be charged as applicable on all fees, interest, and charges.
Rewards & Cashback Structure
- 5% Cashback on Flipkart.
- 7.5% Cashback on Myntra.
- 12% Off on Cleartrip.
- 4% Cashback on Preferred/Select Merchants.
- 1% Cashback on all other eligible spends.
Important Product Details
- Contactless Advantage: Tap & Pay facility for effortless, fast, and secure everyday payments. The card remains in hand during transactions, and Visa PayWave's unique security key ensures only one transaction is processed even if tapped multiple times.
- Cash Access Across the World: Ability to withdraw cash from over 1 million ATMs globally.
- Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
- Add-on Cards: Provide add-on cards for family members (parents, spouse, children, or siblings) above 18 years of age.
- Easy Bill Pay Facility: Pay electricity, telephone, mobile, and other utility bills.
- Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your Flipkart SBI Card at a lower interest rate and repay in easy EMIs.
Other Details
- The maximum fuel surcharge waiver is Rs. 400 per statement cycle, per credit card account.
- The value proposition of the co-brand product may be funded jointly by SBI Card and the co-brand partner based on their financial arrangement, which may include fee and revenue sharing.
- Continued use of the card will be deemed acceptance of amendments in all Terms and Conditions.
- For assistance, cardholders can call the SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
- Disputes arising out of the offer between the Cardholder and SBICPSL shall be subject to arbitration by a sole arbitrator appointed by SBICPSL, conducted as per the Arbitration and Conciliation Act, 1996, in New Delhi, in English.
- SBICPSL may engage agents and/or third parties for marketing, sales, or other related services.
- Payments are accepted through local cheques or drafts payable in Delhi only; cheques payable outside clearing zones are not accepted.