- Joining fee
₹500 + GST
- Annual fee
₹500 + GST
- Best suited for
Shopping
- Reward type
Cashback
Rewards
- Rewards rate
5% Cashback for Spends on Flipkart and Cleartrip. 7.5% Cashback for Myntra Spends and 4% Cashback for Spends on Other Partners, Such as Zomato, Netmeds, PVR, and Uber
- Welcome benefits
Flipkart Gift Card Worth ₹250
- Reward redemption
Cashback is Credited Against Statement
Fees & charges
- Spend-based waiver
Annual Charges are Reversed on Spends of ₹3.5 Lakh
- Foreign currency markup
3.5%
- Interest rates
3.75% Per Month (45% Annually)
- Fuel surcharge waiver
1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
- Cash advance charges
2.5% or ₹500 (Whichever is Higher)
Product highlights
- This is a co-branded offering between SBI Card and Flipkart.
- This card is most suitable for those who often shop with Flipkart and Myntra and even use Cleartrip for their travel bookings.
- Available at a reasonable joining fee of ₹500 + GST, this card is quite affordable and offers cashback on several partners.
- Cardholders can even earn 4% cashback on Netmeds, PVR, Uber, and Zomato.
Pros & cons
Pros
- This card comes at an affordable joining and renewal charge of ₹500 + GST.
- The welcome benefits offered with this card are quite attractive.
- This card is great for those looking for straightforward cashback.
Cons
- Airport lounge access is not provided with this card.
- This card doesn’t offer any renewal benefits.
- The Flipkart SBI Credit Card is only available on the Mastercard and Visa networks, meaning this card cannot be used for UPI payments since it is not available on the RuPay network.
FAQs
What are the welcome benefits offered with the Flipkart SBI Card?
Cardholders are eligible for a gift voucher worth ₹250 upon payment of the joining fees.
How much do I need to spend on Myntra in a quarter to get the maximum ₹4,000 cashback?
Since Myntra offers 7.5% cashback with a quarterly cap of ₹4,000, you would need to spend around ₹53,334 in a quarter to reach the cashback limit.
Is the Flipkart SBI Credit Card available on RuPay?
No, the Flipkart SBI Credit Card is only available on the Mastercard and Visa networks.
How much do I need to spend on Flipkart or Cleartrip in a quarter to get the maximum ₹4,000 cashback?
Flipkart and Cleartrip offer 5% cashback with a quarterly cap of ₹4,000. To hit the cap, you would need to spend ₹80,000 in a quarter on either platform.