Flipkart and SBI Card have joined hands to launch the Flipkart SBI Card. This is a co-branded credit card that offers attractive cashback offers. For people who shop regularly on Flipkart, Myntra and Cleartrip, this card offers a lot of offers. Read on to know in detail what are the benefits of this card, how cashback works and how you can use it to your advantage.

Welcome Benefit

When you join, you will get a Flipkart gift card worth ₹250 after paying the joining fee. The gift card code will be sent to your registered email and mobile number within 60 days. This is a small but useful benefit for you to start with.

Cashback Benefits

The biggest attraction of the Flipkart SBI Card is its cashback system. Unlike some cards that offer reward points that are difficult to collect, this one offers direct cashback.

Let’s take a look at how cashback works:

• 5% on Flipkart (quarterly cap of ₹4,000)
• 5% on Cleartrip (quarterly cap of ₹4,000)
• 7.5% on Myntra (quarterly cap of ₹4,000)
• 4% on select partners like Uber, Zomato, PVR, and Netmeds (quarterly cap of ₹4,000)
• 1% on all other eligible expenses

The cashback will be credited to your card account within two working days of your statement being generated. This makes it the simplest and most transparent.

Cashback limits and exclusions

The cashback limit is fixed. It is linked to quarterly caps - January to March, April to June, July to September, and October to December. Once you reach the cashback limit in a category, you will not get any more cashback in that quarter.

Also, some expenses do not get cashback. Exclusions include fuel, wallet loading, rent, government payments, utilities, education fees, jewellery, insurance, railways and EMI transactions.

Fuel and fees

The card offers a 1% fuel surcharge waiver on transactions up to ₹4,000, with a maximum of ₹400 per billing cycle.

The cost of holding the card is also simple:

• Entry fee: ₹500 + tax
• Annual fee: ₹500 + tax
• You get a reversal of the annual fee if you spend ₹3.5 lakh or more in a year.

Limited-time additional offer

If you apply for the card through the Flipkart app between August 26 and December 31, 2025, you will get additional welcome benefits worth ₹1,000. These include:

• ₹500 Flipkart Gift Card
• ₹500 Cleartrip Gift Card (for flights)

To be eligible, you need to make your first Flipkart transaction within 30 days of card approval.

How to make the most of your card

Getting a cashback card is only useful if you use it properly. Here are some simple tips:

• Shop regularly on Flipkart, Myntra and Cleartrip - these offer the highest cashback rates.
• Plan your big purchases according to the quarterly limits to avoid missing out on the maximum cashback.
• Use partners like Zomato, Uber, and Netmeds to get extra savings on food, travel, and medicines.
• Avoid using your card for deductible expenses like fuel or rent.
• Always pay your entire bill on time to avoid losing cashback on interest charges.
• During Flipkart's Big Billion Days or Myntra sales, combine discounts with cashback for maximum benefit.

should I take this card?

The Flipkart SBI card is a good option if most of your online shopping is through Flipkart, Myntra, and Cleartrip. It's also perfect for those who prefer simple cashback rather than confusing reward points.

However, if your main expenses are on fuel, rent, or insurance, this card may not offer you much value. In such cases, you can opt for another credit card with a wider range of benefits. For those who shop regularly from Flipkart, this card is an easy way to save money every month.

FAQ

1. How is cashback credited to Flipkart SBI Card?
   The cashback will be credited directly to your SBI card account within 2 working days of generating your monthly statement. You don't have to redeem the points separately.
   
2. Can I hold Flipkart Axis Bank Credit Card and Flipkart SBI Card together?
   Yes. If you already have a Flipkart Axis Bank Credit Card and have reached the quarterly cashback limit, the Flipkart SBI Card will give you additional cashback limits.
   
3. What happens if you don't spend ₹3.5 lakh in a year?
   If your annual spend is less than ₹3.5 lakh, you will be charged ₹500 + tax and renewal fee. If you exceed ₹3.5 lakh, the renewal fee will be waived.