Flipkart SBI Credit Card: Cashback Benefits, Fees, Eligibility & How to Apply
The Flipkart SBI Credit Card is a co-branded cashback credit card issued by SBI Cards and Payment Services Limited in partnership with Flipkart. It is designed for shoppers who want to earn cashback on purchases across Flipkart, Myntra, Shopsy, Cleartrip, and selected partner merchants.
With cashback rates of up to 7.5% on eligible Myntra purchases, 5% on eligible Flipkart, Shopsy, and Cleartrip purchases, and 4% on selected merchants, the card can help frequent shoppers save on everyday spending. It also offers 1% unlimited cashback on other eligible purchases, a fuel surcharge waiver, and welcome benefits subject to applicable conditions.
On CouponAtoZ, explore the Flipkart SBI Credit Card’s cashback rates, fees, benefits, exclusions, eligibility criteria, and application process before deciding whether it suits your shopping needs.
Flipkart SBI Credit Card – Key Highlights
- Card name: Flipkart SBI Card
- Issuer: SBI Cards and Payment Services Limited
- Card category: Cashback credit card
- Cashback on Myntra: 7.5% on eligible purchases
- Cashback on Flipkart and Shopsy: 5% on eligible purchases
- Cashback on Cleartrip: 5% on eligible purchases
- Cashback on selected merchants: 4% on eligible purchases
- Cashback on other eligible spending: 1% unlimited cashback
- Joining fee: ₹500 plus applicable taxes
- Annual renewal fee: ₹500 plus applicable taxes
- Annual fee waiver: Available on qualifying annual spending of ₹3.5 lakh or more in the preceding year
- Fuel surcharge waiver: 1%, subject to applicable conditions and a maximum waiver of ₹400 per statement cycle
- Application method: Through the official SBI Card website or an eligible Flipkart application journey
Cashback rates, caps, fees, welcome benefits, and exclusions are governed by the issuer’s current terms and conditions.
Flipkart SBI Credit Card Cashback Benefits
1. Earn 7.5% cashback on Myntra
The Flipkart SBI Card offers 7.5% cashback on eligible purchases made on Myntra. This benefit can be useful for shoppers who regularly buy clothing, footwear, accessories, and other fashion products.
The cashback is capped at ₹4,000 per calendar quarter for eligible Myntra spending. Once the applicable limit is reached, further eligible spending will not earn additional cashback in that category during that quarter.
2. Earn 5% cashback on Flipkart
Cardholders can earn 5% cashback on eligible purchases made on Flipkart. This can provide savings on a range of products, including:
- Smartphones and electronics
- Laptops and computer accessories
- Fashion and footwear
- Home and kitchen products
- Furniture and appliances
- Grocery and everyday essentials
Eligible Flipkart and Shopsy spending shares the applicable cashback category and quarterly cap. The published cashback limit is ₹4,000 per calendar quarter.
Actual cashback eligibility depends on the transaction, merchant identification, and issuer’s terms.
3. Earn 5% cashback on Shopsy
Eligible Shopsy purchases also qualify for 5% cashback under the applicable Flipkart SBI Card programme rules.
This can be useful for customers who regularly shop for affordable fashion, home products, accessories, and everyday items on Shopsy.
The applicable quarterly cashback cap and exclusions should be checked in the current card terms.
4. Earn 5% cashback on Cleartrip
The card offers 5% cashback on eligible Cleartrip spending. This benefit may be useful for customers booking eligible travel services through Cleartrip.
The published cashback limit for this category is ₹4,000 per calendar quarter.
Travel bookings may be subject to merchant-specific eligibility conditions. Review the current rules before assuming that a particular booking qualifies.
5. Earn 4% cashback on selected merchants
The Flipkart SBI Card provides 4% cashback on eligible purchases at selected partner merchants. The published partner list includes:
- Zomato
- Uber
- Netmeds
- PVR
This benefit can provide savings on qualifying food delivery, ride-hailing, pharmacy, and entertainment spending.
The selected-merchant category has a published cashback cap of ₹4,000 per calendar quarter. Merchant eligibility and the applicable transaction conditions may change.
6. Earn 1% unlimited cashback on other eligible purchases
Eligible purchases outside the higher cashback categories can earn 1% unlimited cashback.
This benefit provides a basic cashback return on qualifying everyday transactions that do not fall into the card’s higher-rate categories.
However, unlimited cashback does not mean that every transaction qualifies. Certain merchant categories and transaction types are excluded under the issuer’s terms.
Flipkart SBI Credit Card Cashback Rates and Limits
| Purchase category | Cashback rate | Published quarterly limit |
|---|---|---|
| Myntra | 7.5% | ₹4,000 |
| Flipkart | 5% | ₹4,000 |
| Shopsy | 5% | Shared with the Flipkart category |
| Cleartrip | 5% | ₹4,000 |
| Selected merchants | 4% | ₹4,000 |
| Other eligible purchases | 1% | Unlimited |
The ₹4,000 category limits apply per calendar quarter to the applicable cashback categories. Cashback is calculated according to eligible transaction values and the issuer’s rules.
Flipkart SBI Credit Card Cashback Calculation
The following examples illustrate how cashback may work when purchases qualify under the relevant category and the quarterly cap has not been reached.
| Example purchase | Eligible spending | Cashback rate | Illustrative cashback |
|---|---|---|---|
| Myntra shopping | ₹5,000 | 7.5% | ₹375 |
| Flipkart shopping | ₹10,000 | 5% | ₹500 |
| Cleartrip booking | ₹8,000 | 5% | ₹400 |
| Selected merchant purchase | ₹2,000 | 4% | ₹80 |
| Other eligible purchase | ₹5,000 | 1% | ₹50 |
These are illustrative calculations, not guaranteed rewards. Actual cashback depends on eligibility, the merchant’s classification, the applicable caps, and the issuer’s terms.
Flipkart SBI Credit Card Welcome Benefits
The card offers welcome benefits subject to the application channel and applicable offer conditions.
Published launch benefits included:
- A Flipkart e-gift card worth ₹250 on payment of the joining fee.
- An additional Flipkart e-gift card worth ₹500 after making the qualifying first Flipkart transaction within 30 days of card approval for eligible applications submitted through the Flipkart app.
- A Cleartrip voucher worth ₹500 under the applicable qualifying transaction conditions for eligible applications submitted through the Flipkart app.
These benefits were advertised as a package worth ₹1,250. However, the benefits available to a new applicant may differ depending on the application channel and current offer terms. Confirm the welcome offer displayed during your application before relying on it.
Flipkart SBI Credit Card Annual Fee Waiver
The card has a published annual renewal fee reversal benefit for customers who achieve qualifying annual spending of ₹3.5 lakh or more in the preceding year.
This may help frequent shoppers offset the renewal fee.
Before applying, confirm which transactions count toward the spending requirement and whether any exclusions or additional conditions apply.
Flipkart SBI Credit Card Fuel Surcharge Waiver
The card offers a 1% fuel surcharge waiver on eligible fuel transactions, subject to the issuer’s conditions.
The published maximum waiver is ₹400 per statement cycle.
Fuel transactions do not earn the card’s regular shopping cashback. The surcharge waiver is a separate benefit and is subject to transaction limits and applicable terms.
Flipkart SBI Credit Card Fees and Charges
| Fee or charge | Published amount or condition |
|---|---|
| Joining fee | ₹500 plus applicable taxes |
| Annual renewal fee | ₹500 plus applicable taxes |
| Annual fee reversal | Qualifying annual spending of ₹3.5 lakh or more in the preceding year |
| Foreign currency markup | 3.5%, according to published card terms |
| Finance charges | As specified in the current cardholder agreement |
| Late payment charges | Depend on the outstanding balance and applicable fee schedule |
| Cash advance charges | Subject to the issuer’s current fee schedule |
Additional charges may apply to cash advances, overdue balances, foreign currency purchases, and other services. Always check the current fee schedule before applying.
Flipkart SBI Credit Card Cashback Exclusions
Not every purchase earns cashback. The issuer’s terms list several categories that are excluded from regular cashback.
These include, subject to the current terms:
- Fuel transactions
- Wallet loads
- Gift card and prepaid card loads
- Voucher purchases
- Cash advances
- Credit card bill payments and card fees
- Rental payments
- Government-related transactions
- Education payments
- Jewellery purchases
- Insurance payments
- Gaming transactions
- EMI transactions
The exact exclusions and treatment of transactions may change. Cashback eligibility can also depend on the merchant identification code and the transaction’s classification.
Check the official card terms before making a purchase specifically to earn cashback.
Flipkart SBI Credit Card Eligibility Criteria
Applicants must meet the issuer’s eligibility and verification requirements.
General factors may include:
- Age and residential location
- Salaried or self-employed status
- Regular income and repayment capacity
- Credit score and credit history
- Existing loans and credit card obligations
- Identity and address verification
The issuer may request additional information during the application process. Meeting general eligibility criteria does not guarantee approval, and the final decision rests with SBI Card.
Documents Required to Apply
Depending on the applicant and verification process, the following documents may be required:
- PAN card
- Aadhaar card with the first eight digits masked, or another accepted address proof
- Salary slips or other income documents, if requested
- Income tax returns or other financial records, if requested
- Additional KYC documents required by the issuer
Follow the document instructions provided during the official application process.
How to Apply for Flipkart SBI Credit Card Online
Follow these steps to apply:
- Visit the official SBI Card website or the eligible Flipkart credit card application page.
- Find the Flipkart SBI Card product.
- Select the application option.
- Enter your personal, contact, and employment details.
- Complete the required identity verification.
- Submit any additional documents requested.
- Wait for SBI Card to assess your application and communicate its decision.
Official SBI Card website: https://www.sbicard.com/
Applications may also be available through the Flipkart app, subject to the issuer’s current application process.
Approval, credit limits, and final card terms are determined by SBI Card.
Advantages of Flipkart SBI Credit Card
- 7.5% cashback on eligible Myntra purchases.
- 5% cashback on eligible Flipkart, Shopsy, and Cleartrip purchases.
- 4% cashback on selected partner merchants.
- 1% unlimited cashback on other eligible spending.
- Automatic cashback credit to the SBI Card account.
- Potential welcome benefits subject to offer conditions.
- Annual fee reversal on qualifying spending.
- Fuel surcharge waiver on eligible transactions.
Disadvantages of Flipkart SBI Credit Card
- Joining and renewal fees apply unless the relevant waiver conditions are met.
- Higher cashback rates have quarterly limits.
- Excluded transactions do not earn regular cashback.
- Welcome benefits can depend on the application channel and offer conditions.
- The card is most useful for customers who spend regularly in its eligible categories.
- Interest and other charges can outweigh cashback if credit card bills are not paid on time.
Who Should Consider the Flipkart SBI Credit Card?
This card may be suitable for:
- Frequent Flipkart shoppers.
- Customers who regularly buy fashion products from Myntra.
- People who book eligible travel services through Cleartrip.
- Customers who spend on selected partner merchants such as Zomato and Uber.
- Shoppers who prefer direct cashback over reward points.
- Applicants who can meet the annual spending requirement for a potential renewal fee reversal.
It may be less suitable for customers who rarely shop with the eligible partners, prefer a lifetime-free card, or need premium travel benefits rather than shopping cashback.
Flipkart SBI Credit Card vs CASHBACK SBI Card
Both cards offer cashback, but their benefit structures differ.
| Feature | Flipkart SBI Card | CASHBACK SBI Card |
|---|---|---|
| Main benefit | Partner-focused cashback | Cashback on eligible online and offline purchases |
| Myntra cashback | 7.5% on eligible spending | Subject to its own cashback terms |
| Flipkart cashback | 5% on eligible spending | Subject to its own cashback terms |
| Selected partner merchants | 4% on eligible spending | Subject to its own cashback terms |
| Other eligible spending | 1% unlimited cashback | Published 1% offline and 5% online rates, subject to terms |
| Cashback limits | Category-specific quarterly caps | Separate statement-cycle limits |
| Best suited for | Customers who regularly shop with eligible partners | Customers seeking broader eligible online shopping cashback |
The better card depends on where you spend, which transactions qualify, the applicable cashback limits, and the fees. Compare the latest official terms before deciding.
Frequently Asked Questions
1. What is the Flipkart SBI Credit Card?
The Flipkart SBI Card is a co-branded cashback credit card issued by SBI Card in partnership with Flipkart. It offers cashback on eligible purchases across selected shopping, travel, food delivery, transport, pharmacy, and entertainment partners.
2. How much cashback does the card offer on Myntra?
The card offers 7.5% cashback on eligible Myntra purchases, subject to a published limit of ₹4,000 per calendar quarter.
3. How much cashback can I earn on Flipkart?
Eligible Flipkart purchases earn 5% cashback, subject to the applicable quarterly cap and transaction conditions.
4. Does Shopsy qualify for cashback?
Yes. Eligible Shopsy purchases qualify for 5% cashback under the applicable programme terms. Shopsy spending shares the applicable cashback category with Flipkart.
5. Does the card offer cashback on Cleartrip?
Yes. Eligible Cleartrip purchases qualify for 5% cashback, subject to the quarterly cap and other conditions.
6. Which merchants qualify for 4% cashback?
The published selected-merchant list includes Zomato, Uber, Netmeds, and PVR. Check the latest issuer terms for current merchant eligibility.
7. Is the 1% cashback unlimited?
The 1% cashback category has no stated cashback cap, but it applies only to eligible purchases. Excluded transaction types do not earn regular cashback.
8. What is the joining fee?
The published joining fee is ₹500 plus applicable taxes. Verify the amount and any current promotional offers during the application process.
9. Can the annual fee be waived?
The annual renewal fee may be reversed if qualifying annual spending reaches ₹3.5 lakh or more in the preceding year, subject to the issuer’s conditions.
10. How is cashback credited?
Cashback is automatically credited to the primary cardholder’s SBI Card account according to the issuer’s applicable cashback processing schedule and terms.
11. Does the card provide a fuel surcharge waiver?
Yes. A 1% fuel surcharge waiver may apply to eligible transactions, with a published maximum of ₹400 per statement cycle.
12. How can I apply for the Flipkart SBI Card?
You can apply through the official SBI Card website or an eligible application journey within the Flipkart app. Approval is subject to verification and the issuer’s eligibility assessment.
13. Is the Flipkart SBI Card lifetime free?
No. The published joining and renewal fees are ₹500 plus applicable taxes. The renewal fee may be reversed if the qualifying annual spending requirement is met.
14. Is the Flipkart SBI Card worth it?
It may be worth considering if you regularly shop on Flipkart and Myntra or use other eligible partner services. Compare your expected cashback with the annual fee, quarterly limits, and exclusions before applying.
Disclaimer
CouponAtoZ publishes informational content about credit cards, shopping offers, and financial products. CouponAtoZ is not the card issuer and does not guarantee card approval, cashback, vouchers, or savings. All card benefits, fees, eligibility requirements, and promotional offers are subject to SBI Card’s official terms and conditions. Verify the latest information with the issuer before applying.