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India’s largest credit card provider SBI card and e-commerce giant Flipkart together have launched Flipkart SBI Credit Card. It is a co-branded card designed to increase economy and cashback rewards on Flipkart, Myntra, Shopsy and Cleartrip.

The joining and annual renewal fees of this card are ₹ 500 (tax additional). After successful application, card holders will get welcome benefits worth ₹ 1,250. In addition, if the card holders complete the cost of ₹ 3,50,000 annually, then the renewal fee of ₹ 500 can be returned. 1% fuel surcharge wave is also available in a statement bicycle on the card. This contactless card is available on both master cards and visa networks.

Cashback Off:

• 7.5% cashback on spending on myntra

• 5% cashback on spending on Flipkart, Shopsi and Cleartrip

• 4% cashback on brands like Jomato, Uber, Netmade and PVR

• 1% unlimited cashback on all other qualified expenses

Customers can use this attractive value proposal to buy mobiles, electronics, grocery, fashion, furniture, equipment, domestic decoration, travel booking and many other things.

Flipkart SBI Card has an auto-credit facility of cashback, under which the cashback will automatically add to the SBI card account within two days of the statement.

Launch offer:
Flipkart and SBI cards are also bringing launch offers for a limited period. In this, successful applications will get a chance to win 10 Samsung Galaxy Smartwatch and 100 Amberon wireless power bank daily.

Card’s main features

• Joining and renewal fees: ₹ 500 + GST ​​(Reversal possible)

• Welcome Benefits: ₹ 1,250 (Flipkart E-Gift Card + Cleartrip Voucher)

• Cashback Rewards:

  • 7.5% on Myntra (maximum ₹ 4,000 cashback every quarter)

  • 5% on Flipkart, Shopsi, Cleartrip (maximum ₹ 4,000 cashback every quarter)

  • 4% on Jomato, Uber, Netmeds, PVR (maximum ₹ 4,000 cashback every quarter)

  • 1% unlimited cashback on all other qualified expenses

• other benefits:

  • 1% fuel surcharge wave (maximum ₹ 400/month)

  • Renual fees back if spent ₹ 3.5 lakh annually

  • Credit in account automatically within 2 days of becoming a cashback statement

  • Available networks: Visa and MasterCard

weakness:

Real example: How much can you save?

Shraddha, 29 -year -old Bengaluru professional, who most online shopping:

• Flipkart (Gadget, Grocery, Furniture): ₹ 15,000/month

• Myntra (Fashion): ₹ 8,000/month

• Cleartrip (Travel): ₹ 20,000/quarter

• Jomato + Uber: ₹ 4,000/month

• Other expenses: ₹ 10,000/month

Savings:

• Flipkart = ₹ 9,000/year

• Myntra = ₹ 7,200/Year

• Cleartrip = ₹ 4,000/year

• Jomato/Uber = ₹ 1,920/year

• Other expenses = ₹ 1,200/year

Total cashback = ₹ 23,320/year
Reducing joining fees (₹ 500+GST) → Pure profit around ₹ 22,500/year

For whom is the right card?

Suitable,

• Regular shopping on Flipkart and Miningra

• Families that use Flipkart Ecosystem for Grocery, Electronics, Travel

• Young professionals (spent on Zomato, Uber, PVR etc.)

Inappropriate,

• Amazon or offline shopping

• Very low annual expenses (less than ₹ 1 lakh)

• Constant traveling abroad (due to high forex markup)

conclusion

Flipkart SBI Card is a great lifestyle credit card for India’s digital-first buyers. If you have most of your purchases on Flipkart, Mantra, Cleartrip and Food/Travel Brands, this card can save ₹ 20,000+ annually.

But if you do occasionally shopping online, a cashback card without faes or a card focused on fuel/grocery can be more beneficial.

Keep in mind: Credit card is beneficial only when you pay the bill and complete the bill every month, otherwise the interest charge will end the benefit of all the cashback.