Synopsis: This article covers all the benefits of Flipkart SBI Credit Card from cashbacks to surcharge waiver. We would also be taking a closer look at all the fees and charges that come along with this card. Read on to find out why this particular card is going to be the choice of many in 2026.
The Flipkart SBI Credit Card is a co-branded card catering majorly around for those who shop heavily on Flipkart Including Myntra and Cleartrip. This card has become a standard preference for many who shop particularly on flipkart. The platform offers products from many categories that include clothing, home appliances, and many more.
But, there comes a question: whether this card is useful only for shopping on the app? In this card review we will dive deep into all the benefits this card offers and what are the charges and fees attached to it.
Flipkart SBI Credit Card
- Joining Fees: ₹500 + taxes
- Annual Fees: ₹500 + taxes (from the second year)
- Annual Fees Waiver: Waivable on spend of ₹3.5 Lakhs or more in the preceding year.
- Card Type: Cashback Credit Card
- Best Suited for: Online Shoppers who prefer Flipkart and Myntra
Fees & Charges
| Charge Type | Amount / Rate |
| Interest Rate (APR) | 3.75% per month (45% per annum) |
| Late Payment Fee | Up to ₹1,300 (depending on the outstanding balance) |
| Cash Withdrawal Fee | 2.5% of the transaction amount or ₹500 (whichever is higher) |
| Foreign Currency Markup | 3.50% of the transaction value |
Welcome Benefits: ₹250 Flipkart Gift Voucher (sent via email/SMS within 60 days of fee payment).
Reward Structure
- Earn 7.5% Cashback on shopping on Myntra (capped at ₹4,000 per quarter).
- Earn 5% Cashback on Flipkart and Cleartrip spends (capped at ₹4,000 per quarter).
- Earn additional 4% Cashback on preferred partners
- Earn 1% Cashback on other eligible spends
For instance – If you spend ₹10,000 on Flipkart then you earn ₹500 cashback. Similarly, If you spend ₹2,000 on a local grocery store then you earn ₹20.
Redemption Process
- The cashback earned in a billing cycle is automatically credited to your credit card statement within two working days of the next statement generation.
- Since it is a direct cashback card, 1 unit of cashback = ₹1.
- Cashback does not expire as it is credited directly to your outstanding balance every month.
Benefits & Perks
This card review would be incomplete without mentioning the additional perks that come along upon owning this card:
- Tap and pay technology built in for transactions of up to ₹5,000.
- 1% fuel surcharge waiver on spends of ₹500 to ₹4,000 (capped at ₹400 per billing cycle).
- Flexipay allows cardholder to convert any transaction above ₹2,500 into EMI
Also read: YES Bank PaisaSave vs HSBC Cashback: Which Credit Card is Best for Cashback, Dining and Travel in 2026?
Who Should Get This Card?
- If you do 80% of your shopping on Flipkart and Myntra.
- If you prefer direct statement credit over browsing a rewards catalog.
- Those who can spend around ₹30,000 per month to hit the fee waiver limit.
- It is also best suited for those who are new card reviewers or users as the reward structure is quite easy to grasp.
Concluding Words
The Flipkart SBI Credit Card provides a significant percentage of return for shopping and other eligible spend. This year it would be a wise financial decision to go for this card as it would play a significant role online purchases for festive or personal reasons.
However, it is suggested with the card review that applicants should also check all the terms and conditions before applying and also check the spending pattern and habit to identify whether the card would be fit or not.
FAQs
No, cashback is not earned on Merchant EMI or Flexipay EMI transactions.
Yes, the 5% and 7.5% categories have a combined cap (usually ₹4,000) per statement quarter.
Yes, it is a global card, but a 3.5% foreign markup fee plus taxes will apply.
Written by Kenbi Riba
