Synopsis- SBI and Flipkart has newly launched co-branded credit card that offers high cashback on Myntra, Flipkart and partner brands.
The State Bank of India (SBI) and Flipkart have recently launched a new co-branded credit card that is designed specifically for the online shoppers within the Flipkart shopping ecosystem. This card would even fetch you significant cashback and rewards especially to the frequent users of Flipkart, Myntra, Shopsy, and Cleartrip, which makes this a highly attractive credit card for lifestyle and e-commerce buyers in India.
Cashback Across the Flipkart Ecosystem
One of the biggest highlights of this new SBI Credit Card is its excellent cashback program, which is specifically designed for the Flipkart buyers:
- 7.5% cashback on all purchases made on Myntra. This is a great reward for the fashion and lifestyle buyers.
- 5% cashback on all spending on Flipkart, Shopsy, and Cleartrip, this covers a broad spectrum, ranging from electronics to travel bookings.
- 4% cashback on select brands, which include Zomato, Uber, Netmeds, and PVR. This category of cashback caters to food delivery, ridesharing, pharmacy, and even entertainment spending.
- 1% unlimited cashback on all your purchases that do not come under any of the above-mentioned categories, this 1% cashback on all other eligible spends ensures continuous benefits even beyond the Flipkart ecosystem.
- These cashback rewards are subject to a quarterly cap of Rs. 4,000 per category. The cashback is auto-credited to the cardholder’s SBI Card account within two days of the statement being generated, which makes the redemption process seamless.
Competitive fees
The card has a joining and annual renewal fee of Rs. 500 plus applicable GST. However, this fee is refundable if the cardholder spends Rs. 3,50,000 or more annually on the card. This feature makes sure that the active spenders are able to get their annual fees waived, and this enhances the overall value proposition of the card. Moreover, the card offers a 1% fuel surcharge waiver, which is capped at Rs. 400 per statement cycle, making it a useful benefit for users who spend on fuel on a regular basis. A forex markup fee of 3.5% is applied to foreign currency transactions. This means that this card is primarily designed for domestic spending within the Flipkart ecosystem and other selected brands.
Welcome and Launch Offers
- Boosting the initial value of the card, new cardholders would receive welcome benefits worth Rs. 250, which is a Flipkart e-gift card.
- Additionally, during the launch period, SBI and Flipkart are offering a limited-period contest where successful applicants get a chance to win big prizes daily.
- Application and Platforms
- The Flipkart SBI Credit Card is available on both Mastercard as well as VISA networks, and this gives customers more flexibility, so they can choose the right platform card for them, according to their preferences.
- The application process is fast and fully digital. You can get this card easily by applying online through either the Flipkart app or directly on the SBI Card website.
Is SBI Flipkart Credit Card for you?
This card is beneficial to you, if you
- are a frequent buyer of Flipkart and Myntra, and want to maximize your savings on fashion and online purchases.
- are a professional or your family uses Flipkart’s ecosystem quite regularly for groceries, electronics, travel bookings, and home essentials.
- shop from brands like Zomato, Uber, and Netmeds on regular basis, as this could leverage you the 4% cashback offer.
- Customers looking for a digital-first, rewards-rich lifestyle card that offers quarterly caps but generous cashback in popular categories.
Also read: 5 Best Credit Cards for Domestic and International Lounge Access in India 2025
Points of Consideration
- The forex markup fee makes it less ideal for heavy international travellers who frequently spend abroad.
- Users who spend below Rs. 1 lakh or less may find that the Rs. 500 annual fee outweighs the benefits.
- People who prefer other e-commerce platforms like Amazon or even choose to shop primarily offline might not find this card beneficial.
| SBI Flipkart Co-branded Credit Card | |
| Feature | Details |
| Joining & Annual Fee | Rs. 500 + GST (Fee reversed on annual spends of Rs. 3,50,000 or more) |
| Welcome Benefit | Rs. 250 worth of Flipkart e-gift card |
| Cashback on Myntra | 7.5% cashback (up to Rs. 4,000 per calendar quarter) |
| Cashback on Flipkart, Shopsy, Cleartrip | 5% cashback (up to Rs. 4,000 per calendar quarter) |
| Cashback on Select Brands (Zomato, Uber, Netmeds, PVR) | 4% cashback (up to Rs. 4,000 per calendar quarter) |
| Cashback on Other Spends | 1% unlimited cashback |
| Fuel Surcharge Waiver | 1% waiver, capped at Rs. 400 per statement cycle |
| Forex Markup Fee | 3.5% on foreign currency transactions |
| Cashback Credit | Auto credited within 2 days of statement generation |
| Card Networks | VISA & Mastercard |
| Application | Online via Flipkart app or SBI Card website |
| Ideal For | Frequent Flipkart & Myntra shoppers, lifestyle & travel spenders |
| Not Ideal For | Heavy international travelers, low annual spenders, non-Flipkart users |
Final Thoughts
The SBI Flipkart Co-branded Credit Card is a strong contender in the market for rewarding e-commerce shoppers in India. With cashback offers of up to 7.5% on Myntra and a healthy 5% on Flipkart, Shopsy, and Cleartrip, combined with additional perks on popular lifestyle brands, this card is a perfect match for digital-savvy shoppers looking to save while spending. The digital application process and launch offers further sweeten the deal, making it a timely addition as online shopping continues to dominate the retail landscape in India.
Written by Adithya Menon
