With up to ₹23,000 in annual savings, SBI Card and Flipkart’s co-branded card offers powerful cashback across shopping, travel, and food—if your spending matches the profile.
A New Card for India’s Digital Shoppers
The Flipkart SBI Credit Card is tailored for the growing segment of online-first Indian consumers, offering high cashback on Flipkart, Myntra, Cleartrip, and popular lifestyle services like Zomato and Uber. Priced at ₹500 + GST per year, it comes with a host of rewards, welcome benefits, and real-time cashback—making it ideal for families and professionals who shop online frequently.
Key Benefits at a Glance
| Category | Cashback Rate | Annual Limit |
|---|---|---|
| Myntra | 7.5% | ₹4,000/quarter |
| Flipkart, Shopsy, Cleartrip | 5% | ₹4,000/quarter |
| Zomato, Uber, Netmeds, PVR | 4% | ₹4,000/quarter |
| All other eligible spends | 1% unlimited | No cap |
| Fuel surcharge waiver | 1% (up to ₹400/month) | ₹4,800/year |
| Welcome Benefits | Worth ₹1,250 | Flipkart & Cleartrip |
- Auto-credit of cashback: Cashback is credited within 2 days of statement generation.
- Available on VISA and Mastercard platforms.
Special Launch Offer
To promote adoption, Flipkart and SBI Card are offering:
- 10 Samsung Galaxy Smartwatches and
- 100 Ambrane power banks daily
…to lucky applicants who complete the application via the Flipkart app.
Real-Life Example: How Much Can You Actually Save?
Let’s look at a typical urban professional’s monthly spend breakdown:
| Category | Monthly Spend | Cashback Rate | Yearly Cashback |
|---|---|---|---|
| Flipkart (₹15,000) | ₹15,000 | 5% | ₹9,000 |
| Myntra (₹8,000) | ₹8,000 | 7.5% | ₹7,200 |
| Cleartrip (₹20,000/qtr) | ₹6,667 avg/mo | 5% | ₹4,000 |
| Zomato/Uber (₹4,000) | ₹4,000 | 4% | ₹1,920 |
| Other spends (₹10,000) | ₹10,000 | 1% | ₹1,200 |
👉 Total Cashback = ₹23,320/year
📉 Net Savings after Fees = ₹22,500+ annually
Who Should Get This Card?
Perfect For:
- Frequent Flipkart/Myntra shoppers
- Urban families using Cleartrip, Uber, Zomato
- Digital-first users with online-heavy spending
Not Ideal For:
- Amazon loyalists or offline spenders
- Low annual spenders (under ₹1 lakh/year)
- Frequent foreign travelers (high 3.5% forex markup)
What About the Drawbacks?
- Forex markup is 3.5%, which makes it unfavorable for international travel.
- Cashback is capped per quarter for key categories.
- Users must spend ₹3.5 lakh/year to waive the renewal fee.
⚠️ As with all credit cards: cashback only counts if dues are paid in full. Carrying forward balances wipes out any savings due to high interest rates.
Final Verdict: Big Savings, If You Match the Profile
The Flipkart SBI Credit Card is a high-value cashback tool for those who spend regularly across Flipkart’s ecosystem and lifestyle brands. With cashback savings potentially exceeding ₹20,000 per year, it more than justifies its modest fee.
For users who are low spenders, offline-focused, or travel internationally, other cards might offer better ROI.
