Flipkart has partnered with SBI Card to launch the Flipkart SBI Credit Card, a cashback-focused card designed for frequent online shoppers.
This marks Flipkart’s second major co-branded offering after the Flipkart Axis Bank Credit Card. While both cards target similar users with strong rewards on online spending, the SBI version differentiates itself with additional travel benefits on Cleartrip and a slightly different cashback structure.
The card runs on the Visa network and offers accelerated cashback on platforms like Flipkart, Myntra, and Cleartrip, along with base rewards on everyday spending.
In this review, we break down the latest features, cashback structure, fees, real-world value, and who should actually consider applying.
Flipkart SBI Credit Card Highlights
₹500 + GST (~₹590)
₹500 + GST (~₹590)
₹3.5 lakh annual spend
Cashback credit card
Visa (global acceptance)
Flipkart, Myntra & travel bookings
Welcome Benefits
You’ll get a ₹500 Flipkart Gift Voucher within 30 days of your first transaction. This covers most of the joining fee except for GST. It’s a useful starter benefit, though some newer cashback cards now offer slightly higher welcome rewards.
Cashback Benefits
The Flipkart SBI Credit Card offers straightforward cashback on popular online platforms and select partner brands.
| Spending Category | Cashback or Discount |
|---|---|
| Flipkart | 5% cashback up to ₹4000 per quarter |
| Myntra | 7.5% cashback up to ₹4000 per quarter |
| Cleartrip | Flights: 7% instant discount + 5% cashback Hotels: 20% instant discount + 5% cashback Buses: 10% instant discount + 5% cashback Total cashback capped at ₹4000 per quarter |
| Preferred Merchants (Netmeds, Uber, PVR, Zomato) | 4% cashback |
| All Other Spends | 1% cashback |
| Rental, Fuel, Jewellery, School, Wallet, Gaming, Insurance | No Cashback |
For someone who regularly shops on Flipkart, Myntra or books travel through Cleartrip, total cashback value can go beyond ₹12,000 a year, quite good for a low-fee credit card.
Fuel Surcharge Waiver
You get a 1% fuel surcharge waiver on transactions between ₹500 and ₹4000 at any petrol pump in India. The maximum waiver per billing cycle is ₹400.
Who Should Apply for the Flipkart SBI Credit Card
If you do not already have the Flipkart Axis Bank credit card, this card is a great choice for individuals who make frequent online purchases and prefer direct cashback instead of complex reward points. It is ideal for:
- Regular Flipkart and Myntra shoppers – 5% cashback on Flipkart and 7.5% cashback on Myntra can be of good value unless you have SBI Cashback or PhonePe SBI SELECT Black card.
- Travel enthusiasts who book through Cleartrip
The card is simple, efficient and designed for those who want savings on every online transaction.
How to Apply for the Flipkart SBI Credit Card
You can apply easily through the SBI Card website.
- Click on the apply link below to go the official website
- Click Apply Now and enter your personal and professional details
- Complete the e-KYC process digitally and await approval
You can also apply through the Flipkart mobile app during checkout when eligible offers appear.
Here is an illustration of how much value you can earn every month.
| Category | Monthly Spend | Cashback Rate | Cashback Earned |
|---|---|---|---|
| Flipkart | ₹10,000 | 5% | ₹500 |
| Myntra | ₹5000 | 7.5% | ₹375 |
| Cleartrip | ₹3000 | 5% | ₹150 |
| Other Spends | ₹7000 | 1% | ₹70 |
| Total Cashback in a Month | ₹1095 |
That translates to more than ₹13,000 cashback annually, more than covering the joining fee and adding meaningful savings throughout the year.
Pros & Cons
Pros and Cons
Pros
- High cashback on Flipkart, Myntra and Cleartrip
- Annual fee reversal on yearly spending of ₹3.5 lakh
- Simple earning and redemption with direct cashback
- Contactless payments and global Visa acceptance
- Welcome voucher of ₹500 offsets most of the joining fee
Cons
- No complimentary airport lounge access
- Cashback exclusions on categories such as fuel, rent and EMI payments
- Base cashback of 1% on general spends
- Welcome voucher could be more generous compared to some competitor offers
Flipkart SBI Credit Card vs Flipkart Axis Credit Card
| Feature | Flipkart SBI Credit Card | Flipkart Axis Credit Card |
|---|---|---|
| Network | VISA | Mastercard or Visa |
| Flipkart Cashback | 5% cashback on Flipkart | 5% cashback on Flipkart |
| Myntra Cashback | 7.5% cashback | 7.5% cashback |
| Other Partner Benefits | 4% on preferred merchants and Cleartrip discounts in addition to cashback | 4% on preferred merchants and 5% Cleartrip cashback (no additional discounts) |
| Base Cashback | 1% on all other spends | 1% on all other spends |
| Welcome Benefit | ₹500 Flipkart voucher after the first transaction | ₹500 Flipkart voucher on the first transaction, subject to current offer |
| Annual Fee | ₹500 + GST | ₹500 + GST |
| Annual Fee Waiver | Waived on annual spending of ₹3.5 lakh | Waived on annual spending of ₹3.5 lakh |
| Lounge Access | Not available | Not available |
| Fuel Surcharge Waiver | 1% waiver, capped at ₹400 per statement | 1% waiver, capped at ₹400 per statement |
| Best For | Regular Flipkart, Myntra and Cleartrip users | Regular Flipkart, Myntra and Cleartrip users |
| Issuer | SBI Card | Axis Bank |
Final Verdict
The Flipkart SBI Credit Card is quite similar to the Flipkart Axis Bank Credit Card in most ways. Both cards offer the same 5% cashback on Flipkart and Myntra, but the SBI version adds extra value through Cleartrip discounts and cashback. In day-to-day use, the difference between the two cards isn’t huge, so the choice mainly depends on which bank you prefer to deal with – SBI Card or Axis Bank.
At the moment, the Flipkart app appears to be promoting the new SBI co-branded card more actively, possibly as part of a refreshed partnership. It’s worth waiting to see whether Flipkart continues to keep both cards in the long term or gradually shifts focus to one.
If you don’t already have the Flipkart Axis Bank Credit Card and want a simple cashback card for Flipkart, Myntra or Cleartrip, the Flipkart SBI Credit Card is a good option to consider. It’s affordable, easy to use, and gives consistent savings on online shopping.
Flipkart SBI Credit Card
