SBI Card and Flipkart have joined hands to introduce the Flipkart SBI Co-Branded Credit Card, offering attractive cashback benefits and rewards across the Flipkart ecosystem. Available on both Mastercard and VISA platforms, the card can be easily applied for through the Flipkart app or the SBI Card website. With benefits extending across platforms like Myntra, Shopsy, and Cleartrip, this card is designed to enhance the shopping experience of digital-first consumers in India.
The newly launched card provides multiple cashback benefits across categories, making it ideal for frequent online shoppers.
7.5% cashback on Myntra purchases
5% cashback on Flipkart, Shopsy, and Cleartrip transactions (capped at ₹4,000 per quarter per category)
4% cashback on select brands like Zomato, Uber, Netmeds, and PVR
1% unlimited cashback on other eligible spends
This mix of high-value cashback offers makes the card a versatile choice for shopping, dining, travel, and lifestyle spending.
Apart from standard cashback features, the Flipkart SBI Credit Card also includes:
1% fuel surcharge waiver, capped at ₹400 per statement cycle
3.5% forex markup on international transactions
Auto-credit of cashback within two days of statement generation
These features make the card not only suitable for domestic shopping but also beneficial for frequent travelers.
The Flipkart SBI Card comes with affordable joining and renewal costs:
Joining fee: ₹500 + taxes
Annual renewal fee: ₹500 + taxes (waived on annual spends of ₹3,50,000 or more)
This ensures that customers who actively use the card can enjoy long-term benefits without worrying about yearly charges.
To attract new users, SBI Card and Flipkart are offering attractive welcome and launch benefits:
Welcome benefits worth ₹1,250 including e-gift cards and Cleartrip vouchers
Limited-period launch offer with a chance to win Samsung Galaxy Smartwatches and Ambrane wireless power banks for successful applications
These additional perks enhance the value proposition for new cardholders.
According to Salila Pande, Managing Director & CEO of SBI Card, the initiative reflects the company’s commitment to offering customer-centric products that meet evolving consumer needs.
On the other hand, Kalyan Krishnamurthy, CEO of Flipkart Group, emphasized that the collaboration aligns with Flipkart’s mission to expand access to formal credit and provide value-driven solutions to millions of customers across India.
SBI Card: Operates as a non-banking financial company (NBFC) with over 21 million credit cards in circulation, covering segments like lifestyle, travel, fuel, corporate, and rewards.
Flipkart Group: Serves more than 500 million registered users, supports 1.4 million sellers, and operates digital platforms such as Flipkart, Myntra, Shopsy, Cleartrip, and super.money.
The collaboration between two industry leaders ensures a strong ecosystem where customers can enjoy seamless shopping, rewards, and financial benefits.
Conclusion
The Flipkart SBI Co-Branded Credit Card is an attractive option for Indian shoppers looking for cashback rewards, lifestyle benefits, and travel perks. With competitive cashback rates, flexible usage across popular e-commerce platforms, and exciting welcome offers, the card is set to become a top choice for frequent online shoppers.