Flipkart SBI Credit Card is one of the most popular cashback credit cards in India, especially for people who shop regularly on Flipkart and its partner platforms. With cashback benefits on Flipkart, Myntra, and Cleartrip, it’s often considered a strong pick for online shoppers.
But before applying, it’s worth understanding exactly how the cashback system works, what it actually costs, and whether the Flipkart SBI Credit Card benefits genuinely outweigh the fee for your spending pattern. This guide covers all of it — fees, cashback, eligibility, and the terms that quietly affect how much value you actually get.
Flipkart SBI Credit Card (Quick Overview)
| Feature | Details |
|---|---|
| Joining Fee | ₹500 + application fee |
| Annual Fee | ₹500 + taxes |
| Annual Fee Waiver | Spend ₹3.5 Lakh in a year (fee reversed automatically) |
| Flipkart Cashback | 5% |
| Myntra Cashback | 7.5% |
| Cleartrip | 5% cashback + 7% instant discount on flights, 20% on hotels, 10% on buses |
| Partner Merchants | 4% (Zomato, Netmeds, Uber, PVR) |
| All Other Spends | 1% unlimited |
| Quarterly Cap | ₹4,000/quarter (Flipkart + Myntra + Cleartrip combined) |
| Welcome Benefit | ₹250 Flipkart gift card + ₹1,000 on first Flipkart transaction |
| Fuel Surcharge Waiver | 1% on ₹500–₹4,000 transactions (max ₹400/cycle) |
| Best CIBIL Score | 700+ (750+ recommended) |
| Finance Charges | 3.75%/month = 45% per annum |
| Foreign Transaction Fee | 3.5% |
| Network | Visa & Mastercard |
According to SBI Card’s official Most Important Terms and Conditions, the ₹500 annual fee on this card is waived off specifically on annual spends of ₹3.5 lakh or more in the preceding year.
What Exactly Is the Flipkart SBI Credit Card?
The Flipkart SBI Credit Card is a co-branded shopping card, the result of a partnership between Flipkart and SBI Card, specifically designed for people who shop heavily within the Flipkart ecosystem — Flipkart, Myntra, and Cleartrip.
The biggest reason many people choose this card is its cashback system. There are no reward points to collect, no catalogue to browse, and no minimum threshold before you can redeem. The cashback hits your SBI Card statement automatically within 15 days of your billing cycle closing and directly reduces your outstanding amount. Spend ₹10,000 on Flipkart, and you earn ₹500 as cashback, adjusted straight against your bill.
The card competes directly with the Flipkart Axis Bank Credit Card, the original Flipkart co-branded card. One notable difference: the SBI version offers 7.5% cashback on Myntra, while the Axis version offers 4%. If Myntra is part of your regular spending, that gap adds up to thousands of rupees a year.
If you want to see where this card stands among all SBI options, our comparison of the best SBI credit cards breaks down exactly which card suits which spending pattern.
Flipkart SBI Credit Card Benefits
Here are the benefits this card offers, in one place:
- 5% cashback on Flipkart — full-price purchases only, automatically credited to your statement
- 7.5% cashback on Myntra — the highest Myntra cashback rate among comparable co-branded cards right now
- 5% cashback + travel discounts on Cleartrip — plus periodic instant discounts on flights, hotels, and buses
- 4% cashback on partner merchants — Zomato, Netmeds, Uber, PVR (partner list can change — verify current list at sbicard.com)
- 1% unlimited cashback on everything else — no cap, unlike the accelerated categories
- ₹250 Flipkart gift card + ₹1,000 first-transaction bonus — welcome benefits explained in detail below
- 1% fuel surcharge waiver — on transactions between ₹500–₹4,000, capped at ₹400 per billing cycle
- Annual fee reversal — automatic once you cross ₹3.5 lakh in yearly spend
What this card does NOT offer: There’s no airport lounge access on the Flipkart SBI Credit Card — that benefit is reserved for premium SBI cards like SBI Card ELITE or PRIME. If lounge access matters to you, this isn’t the right card, but as a pure shopping cashback card at a ₹500 fee, it isn’t really designed to compete on that front.
Flipkart SBI Credit Card Cashback Structure
This section is where most reviews stop at the headline numbers. I am not going to do that. Let me give you the full picture.
| Platform | Rate % | Important Note |
|---|---|---|
| Flipkart | 5% | Full-price purchases only. EMI = zero cashback. |
| Myntra | 7.5% | Highest Myntra cashback among popular cards right now |
| Cleartrip | 5% cashback | Plus instant discounts: 7% on flights, 20% on hotels, 10% on buses |
| Zomato, Netmeds, Uber, PVR | 4% | Partner list may change (verify at sbicard.com) |
| Everything else | 1% | No cap, unlimited |
| Fuel | 0% cashback | Only 1% surcharge waiver (₹500–₹4,000 txns, max ₹400/cycle) |
Quarterly Cap: Most Important Thing to Understand
There is a ₹4,000 per quarter combined cap on the accelerated cashback categories. Once you hit ₹4,000 in cashback from Flipkart, Myntra, and Cleartrip combined in a quarter, those categories drop to 1% for the rest of that quarter.
In real numbers:
- To hit the cap from Flipkart alone (5%), you need to spend ₹80,000 in one quarter
- To hit the cap from Myntra alone (7.5%), you need to spend ₹53,334 in one quarter
For most regular shoppers, hitting this cap in a normal month is unlikely. But during Big Billion Days, when you might spend ₹40,000–50,000 in a single day, it becomes very relevant. If you are close to the cap, consider splitting large purchases across two billing quarters.
About That “12% Off” on Cleartrip
You may have seen “12% off on Cleartrip” advertised for this card. Here’s the actual breakdown, per Cleartrip’s terms with Flipkart: on international flight bookings, you get a 7% instant discount plus the card’s standard 5% cashback; the two combined add up to roughly 12%. It’s not a flat 12% discount on every Cleartrip booking, and domestic bookings have a minimum transaction value of ₹1,000 to qualify.
EMI Issue: Know Before Your Next Big Purchase
Here is the thing nobody tells you upfront. If you buy a ₹40,000 phone on Flipkart using No-Cost EMI, you earn zero cashback. The EMI exclusion applies to all merchant EMI and Flexipay EMI transactions on Flipkart, Myntra, and Cleartrip.
But if you pay ₹40,000 upfront in full, you earn ₹2,000 cashback (5%).
So the real question at checkout is: is the convenience of spreading payments worth losing ₹2,000 in cashback? In most cases, the answer is no, especially when “No-Cost EMI” does not charge you interest anyway. You are giving up ₹2,000 for nothing. Pay upfront when you have the funds.
Complete List of Excluded Categories (No Cashback)
- All EMI transactions (merchant EMI, Flexipay EMI)
- Fuel purchases
- Wallet and prepaid card loads
- Rent payments
- Government transactions and taxes
- Insurance premiums
- School and education fee payments
- Jewellery purchases
- Gaming transactions
- Cash advance withdrawals
- Credit card fee payments
Flipkart SBI Credit Card Charges
Most people see “₹500 annual fee” and stop reading. But there is a lot more to know here. Understanding the full credit card fee structure before applying saves you from unpleasant surprises.
| Fee Type | Amount |
|---|---|
| Finance Charges | 3.75%/month (45% per annum) from transaction date |
| Late Payment — up to ₹500 outstanding | Nil |
| Late Payment — ₹501 to ₹1,000 | ₹400 |
| Late Payment — ₹1,001 to ₹10,000 | ₹750 |
| Late Payment — ₹10,001 to ₹25,000 | ₹950 |
| Late Payment — ₹25,001 to ₹50,000 | ₹1,100 |
| Late Payment — above ₹50,000 | ₹1,300 |
| Cash Advance Fee | 2.5% or ₹500 (whichever is higher) |
| Over Limit Fee | 2.5% or ₹600 (whichever is higher) |
| Foreign Transaction Fee | 3.5% |
| Payment Dishonour | 2% (minimum ₹500) |
| Card Replacement | ₹100 + taxes |
| Utility Payment (above ₹50,000/cycle) | 1% of amount |
The number I want you to focus on is 3.75% per month. That is 45% annually. If you carry a balance of ₹10,000 for just one month, that is ₹375 in interest, three-quarters of the card’s annual fee wiped out by a single late payment.
This card only makes financial sense if you pay the complete outstanding balance every single month without exception. If that is not possible for you consistently, the interest charges will eat through your cashback faster than you earn it.
What Does It Cost to Close Flipkart SBI Credit Card?
There’s no separate fee just to close the Flipkart SBI Credit Card. Closure itself is free, provided your outstanding balance is fully cleared first. Any unredeemed or pending cashback typically gets forfeited on closure, so it’s worth checking your statement for any pending cashback before requesting closure.
As with any SBI card, closing it can slightly and temporarily affect your CIBIL score by changing your credit utilisation ratio and average credit history length.
Flipkart SBI Credit Card Eligibility and Documents
| Criteria | Requirement |
|---|---|
| Age | 21 to 70 years (add-on cards: 18+) |
| Residency | Indian resident |
| Employment | Salaried or self-employed |
| Income | ₹25,000/month or above improves approval chances |
| CIBIL Score | 700 minimum in practice. 750+ = very high approval chances |
Before you apply, it is worth checking your SBI credit card application status process. Understanding how SBI evaluates applications helps you know what to expect and whether your profile is ready.
For salaried applicants:
- PAN Card (mandatory)
- Aadhaar Card (identity + address proof)
- Last 3 months’ salary slips or bank statements showing salary credit
- Passport-size photo
For self-employed applicants:
- PAN Card
- Aadhaar Card
- Last 2 years ITR or CA-certified balance sheet
- GST registration or business registration certificate
If your CIBIL score is between 650–699: Do not apply yet. A rejection adds a hard inquiry to your credit report and can lower your score further. Spend 4–6 months paying all existing EMIs and credit card bills on time, keep your credit utilisation below 30% on existing cards, and avoid any new loan or card applications during this period. Most people see a meaningful score improvement within 3–6 months of consistent clean behaviour.
How to Apply for Flipkart SBI Credit Card
Method 1: Via SBI Card Website (Recommended)
Head to the official SBI Card website, under Credit Cards, find Shopping Cards, and select the Flipkart SBI Card.
- Click “Apply Now” and enter your mobile number for OTP verification
- Fill in personal details: Name as on PAN Card, Date of Birth, PAN Number, Email
- Enter employment details: Company Name, Income, City, Salaried or Self-Employed
- Upload documents: Aadhaar Front and Back, PAN Card, Last 3 Months’ Salary Slips
- Submit: Note The Application Reference Number Sent to Your Mobile
- SBI Card may call for verification in 2–3 working days, or conduct a Video KYC
- Card arrives via courier within 7–10 working days after approval
- Track your application anytime using the reference number or mobile + OTP
Method 2: Via Flipkart App
Open the Flipkart app → Profile Icon → scroll to Flipkart Pay Later & Cards → tap the Flipkart SBI Card offer → Apply Now. The SBI Card application form opens within the app, same process from that point.
If you have a pre-approved offer showing on the app or SBI website, the decision can come within minutes. Standard applications take 3-7 working days post-document verification.
Flipkart SBI Credit Card Welcome Benefits: ₹250 Gift Card + ₹1,000 Offer
₹250 Flipkart Gift Card: Sent to your registered email or mobile within 60 days of the joining fee being paid. Valid for one year from card issuance, usable on any eligible Flipkart product.
₹1,000 on Your First Flipkart Transaction: One benefit many new cardholders accidentally miss. Make your first Flipkart purchase within 30 days of card approval, not delivery, to qualify. For example, if your card is approved on June 10 and delivered on June 18, you must transact by July 10. Even a small ₹299 purchase qualifies. Miss the 30-day window, and you can’t claim it later.
Flipkart SBI Credit Card Login and Managing Your Account
Once your card is active, you manage everything through the same SBI Card portal used for all SBI credit cards. There’s no separate Flipkart-specific login. Go to sbicard.com, click Login, and use your registered User ID and password. First-time users need to register with their card number, expiry date, and registered mobile number before logging in.
From there, you can view your cashback credited each cycle, download statements, and manage payments, all in one place.
Should You Apply for the Flipkart SBI Credit Card?
The Flipkart SBI Credit Card is not for everyone, but for the right person, it can easily recover its annual fee through cashback alone. Before applying, think about where you usually shop and how you use credit cards.
You Should Consider This Card If:
- You regularly shop on Flipkart: If Flipkart is one of your preferred shopping platforms, the 5% cashback can add up quickly throughout the year.
- You shop on Myntra often: The card offers 7.5% cashback on Myntra, which is one of its biggest advantages for fashion shoppers.
- You frequently book flights or hotels through Cleartrip: You can earn cashback and also get access to additional travel offers from time to time.
- You always pay your credit card bill in full: This card works best when you avoid interest charges and use it only for rewards and cashback.
Flipkart SBI Card vs Flipkart Axis Bank Card vs SBI Cashback Card: Which One Is Better?
The Flipkart SBI Credit Card is a strong cashback card, but it’s not the only option available. If you’re trying to decide between the Flipkart SBI Card, SBI Cashback Card, and Flipkart Axis Bank Card, the right choice depends on where you spend most of your money.
The table below compares the key features, cashback rates, and fees to help you choose the card that fits your spending habits best.
| Feature | Flipkart SBI | Flipkart Axis Bank | SBI Cashback Card |
|---|---|---|---|
| Annual Fee | ₹500 (waiver at ₹3.5L) | ₹500 (waiver at ₹3.5L) | ₹999 (waiver at ₹2L) |
| Flipkart | 5% | 5% (no quarterly cap) | 5% (all online) |
| Myntra | 7.5% | 4% | 5% (all online) |
| Cleartrip | 5% + instant discounts | 4% | 5% (all online) |
| Amazon | 1% | 1.5% | 5% (online spend) |
| Zomato | 4% | 4% | 5% |
| Welcome Benefit | Up to ₹1,250 | ₹500 voucher | None |
| Best For | Regular Flipkart & Myntra shoppers | Heavy Flipkart shoppers | People who shop across multiple online platforms |
If most of your shopping happens on Flipkart and Myntra, the Flipkart SBI Credit Card offers the best value. However, if you shop across multiple websites such as Amazon, Swiggy, Zomato, and other online stores, the SBI Cashback Card is usually the more rewarding option.
The right card depends on where you spend the most.
How to Maximise Cashback With This Card
A few simple habits can help you get much more value from this card throughout the year.
- Use the card mainly on Flipkart and Myntra, where the cashback rates are highest.
- During Big Billion Days and other sale events, combine the 5% cashback with SBI’s instant discount offers for maximum savings.
- Always pay your credit card bill in full. Interest charges can quickly cancel out the cashback you earn.
- Avoid converting Flipkart purchases into EMI if cashback is your priority, as EMI transactions may not earn rewards.
- Keep an eye on quarterly cashback limits, especially if you shop frequently on Flipkart or Myntra.
Used wisely, this card can easily recover its annual fee and generate meaningful savings every year.
Is The Flipkart SBI Credit Card Worth It?
Before applying, keep these points in mind:
- Cashback is not available on every transaction category.
- EMI purchases may not earn cashback benefits.
- The card works best for people who regularly shop on Flipkart and Myntra.
- International transactions attract a forex markup fee.
- To get the full benefit of the card, always pay your bill on time and in full.
Understanding these points beforehand can help you avoid surprises later.
Frequently Asked Questions
What is the annual fee of the Flipkart SBI Credit Card?
₹500 + taxes for both joining and annual renewal. The renewal fee is waived if you spend ₹3.5 lakh or more in the previous membership year.
Does the Flipkart SBI Credit Card give 5% cashback on every Flipkart purchase?
You get 5% cashback on eligible Flipkart purchases and 7.5% on Myntra, but cashback doesn’t apply to EMI transactions or certain excluded categories. Always check current terms before large purchases.
What cashback do I get on Cleartrip with this card?
5% cashback on eligible Cleartrip bookings. On international flights specifically, SBI and Cleartrip also add a 7% instant discount, bringing the combined savings to roughly 12%; domestic bookings need a minimum ₹1,000 transaction value.
What is the credit limit on the Flipkart SBI Credit Card?
Decided by SBI Card based on your income, CIBIL score, repayment history, and existing loans or cards. Your initial limit is set at issuance and can increase later based on usage and repayment behaviour.
Which card is better: Flipkart SBI Credit Card or SBI Cashback Card?
If most of your shopping is on Flipkart and Myntra, Flipkart SBI Credit Card usually wins. Shopping across Amazon, Swiggy, Zomato, and other platforms too? SBI Cashback Card is often better. Our complete SBI Credit Cards comparison breaks this down further.
What is the 30-day window for the ₹1,000 welcome benefit?
You need to make your first Flipkart transaction within 30 days of card approval, not delivery, to claim the ₹1,000 benefit.
How does cashback redemption work?
Cashback is credited to your SBI Card account automatically, with no separate redemption process or catalogue. Curious how this differs from a points-based card? Our guide on SBI Credit Card Reward Points explains the points system for comparison.
Does the Flipkart SBI Credit Card offer airport lounge access?
No. This is a budget-friendly shopping cashback card, and lounge access isn’t part of its benefit structure; that’s reserved for premium SBI cards like ELITE or PRIME.
How do I check my Flipkart SBI Credit Card application status?
Go to sbicard.com → Track Application → enter your reference number or your registered mobile number + OTP. For every method in detail, see our SBI Credit Card status guide.
What is the customer care number for the Flipkart SBI Credit Card?
Same as all SBI Cards: 1860 180 1290, available 24×7. Our SBI Credit Card customer care guide covers every contact channel and the escalation path if your issue isn’t resolved.
Conclusion
The Flipkart SBI Credit Card is a solid choice for people who regularly shop on Flipkart and Myntra. The cashback benefits can easily recover the annual fee if you use the card frequently and pay your bill on time.
No credit card is perfect for everyone, though. If your spending is spread across different platforms, you may find better value in a more flexible cashback card like the SBI Cashback Card.
Before applying, take a few minutes to review your own spending habits. The best credit card isn’t the one with the highest advertised cashback rate; it’s the one that fits your lifestyle.
Disclaimer
The information shared in this article is based on publicly available details and official SBI Card information as of now. Card features, fees, cashback rates, eligibility criteria, and promotional offers may change without prior notice. This article is published for educational and informational purposes only and should not be considered financial, investment, or credit advice. Please verify the latest details on the official SBI Card website before applying for any credit card.