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 is often considered a good option for online shoppers.
But before applying, it is important to understand how the cashback system actually works. In this guide, you’ll learn about the card’s fees, cashback benefits, eligibility, rewards, and the important terms and conditions that can affect the value you get from it.
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 |
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 points 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. For example, if you spend ₹10,000 on Flipkart, you can earn ₹500 as cashback, which is adjusted against your card bill.
The card competes directly with the Flipkart Axis Bank Credit Card, which was the original Flipkart co-branded card. One notable difference is that the SBI version offers 7.5% cashback on Myntra, while the Axis version offers 4%. If Myntra is part of your regular spending, that difference adds up to thousands of rupees annually.
If you want to see where this card stands among all SBI options available, the comparison of the best SBI credit cards breaks down exactly which card suits which spending pattern.
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.
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 Hidden 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.
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 joining fee being paid. Valid for one year from card issuance. Can be used on any eligible Flipkart product.
₹1,000 on Your First Flipkart Transaction
This is one benefit that many new cardholders accidentally miss.
You can get an additional ₹1,000 benefit by making your first Flipkart purchase within 30 days of your card approval. The important thing to remember is that the 30-day period starts from the approval date, not from the day the card is delivered. For example, if your card is approved on June 10 and delivered on June 18, you must make your first Flipkart transaction by July 10.
Even a small purchase, such as ₹299, is enough to qualify. Once your card arrives, it’s a good idea to activate it and place a Flipkart order as soon as possible. If you miss the 30-day window, you won’t be able to claim this benefit later.
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 the Flipkart SBI Credit 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 (FAQs)
What is the annual fee of the Flipkart SBI Credit Card?
Q. 1 What is the annual fee of the Flipkart SBI Credit Card?
The Flipkart SBI Credit Card comes with a joining fee of ₹500 + taxes and an annual renewal fee of ₹500 + taxes. The renewal fee is waived if you spend ₹3.5 lakh or more in the previous membership year.
Q. 2 Does the Flipkart SBI Credit Card give 5% cashback on every Flipkart purchase?
The card offers 5% cashback on eligible Flipkart purchases and 7.5% cashback on Myntra. However, cashback may not be available on certain categories and EMI transactions. It’s always a good idea to check the latest terms before making large purchases.
Q. 3 What cashback do I get on Cleartrip with this card?
You earn 5% cashback on eligible Cleartrip bookings made using the card. In addition, SBI Card and Cleartrip occasionally offer instant discounts on flights, hotels, and bus bookings, which can further increase your savings.
Q. 4 What is the credit limit on the Flipkart SBI Credit Card?
The credit limit is decided by SBI Card based on factors such as your income, CIBIL score, repayment history, and existing loans or credit cards. Most users receive their approved limit when the card is issued, and it can be increased later based on usage and repayment behaviour.
Q. 5 Which card is better: Flipkart SBI Credit Card or SBI Cashback Card?
If most of your shopping happens on Flipkart and Myntra, the Flipkart SBI Credit Card usually offers better value. However, if you shop across multiple websites such as Amazon, Swiggy, Zomato, and other online platforms, the SBI Cashback Card may be a better option. You can also read our detailed guide on **SBI Credit Cards Comparison** to understand which card suits your spending habits best.
Q. 6 What is the 30-day window for the ₹1,000 welcome benefit?
To receive the additional ₹1,000 welcome benefit, you need to make your first Flipkart transaction within 30 days of card approval. The countdown starts from the approval date, not from the day the physical card is delivered.
Q. 7 How does cashback redemption work?
The cashback earned on eligible transactions is automatically credited to your SBI Card account. There is no separate redemption process or reward catalogue involved. If you want to understand the difference between cashback and rewards, you can also check our guide on SBI Credit Card Reward Points.
Q. 8 How do I check my Flipkart SBI Credit Card application status?
Go to sbicard.com → Track Application → enter your application reference number or registered mobile number + OTP. You can also call 1860 180 1290. For a detailed step-by-step process, see our guide on How to Check SBI Credit Card Application Status.
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.
That said, no credit card is perfect for everyone. If most of your spending happens across different online platforms, you may find better value in a more flexible cashback card.
Before applying, take a few minutes to review your own spending habits. The best credit card is not the one with the highest advertised cashback rate; it’s the one that fits your lifestyle and spending pattern.
Disclaimer
The information shared in this article is based on publicly available details and official SBI Card information available at the time of writing. 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.