Flipkart SBI Credit Card

About Flipkart SBI Credit Card

Are you spending thousands on Myntra and Flipkart every month without getting a solid chunk of it back? The Flipkart SBI Credit Card is designed to fix that by putting cash directly back into your pocket.

This card offers a massive 7.5% cashback on Myntra and 5% on Flipkart and Cleartrip. If you shop for clothes or electronics frequently, you could easily save over ₹16,000 a year just on your primary shopping habits. There are no complicated reward points to track; your savings are credited straight to your monthly statement.

This card is a perfect fit for young professionals and digital shoppers earning at least ₹25,000 monthly who want a straightforward way to cut their e-commerce bills. Whether you are booking a flight on Cleartrip or ordering dinner through Zomato, this card ensures you never pay the full sticker price.

What sets it apart:

• 7.5% cashback on Myntra, which is higher than most competing e-commerce cards.
• Direct statement credit means you do not have to browse through reward catalogs or worry about points expiring.
• A low annual fee of ₹500 that pays for itself if you spend just ₹7,000 on Myntra in a whole year.

Quick check: To qualify, you will need a minimum annual income of ₹3 lakh and a credit score (CRIF) of 720 or higher.

Here is a detailed breakdown of why this card belongs in your wallet:

Key Benefits and Features of the Flipkart SBI Credit Card

The Flipkart SBI Credit Card is built for the high-frequency online shopper. Unlike many other cards that offer generic reward points, this one focuses on high-percentage cashback at specific, popular merchants.

Accelerated Cashback on Shopping and Travel

The standout feature is the tiered cashback system. You earn 7.5% cashback on Myntra and 5% on Flipkart and Cleartrip. Each of these categories has a generous cashback cap of ₹4,000 per calendar quarter. This means if you are a heavy shopper, you can earn up to ₹16,000 in cashback annually just from these three brands.

Lifestyle and Dining Perks

Your savings do not stop at clothes and gadgets. You get 4% cashback when you spend at select preferred merchants, including Uber, Zomato, PVR, and Netmeds. This category also carries a quarterly cap of ₹4,000. Whether you are commuting to work or ordering a weekend meal, the card keeps the savings flowing.

Welcome Benefits and Fees

The card comes with a joining fee of ₹500. To help you get started, the bank provides a ₹250 Flipkart e-Gift Voucher once you pay the joining fee. This voucher is valid for one year and is sent within 60 days of fee realization. The annual fee is also ₹500, but you can get this waived entirely if your total spends in the previous year cross ₹3.5 lakh.

Travel and Fuel Savings

For those who travel, the Cleartrip partnership is particularly strong. You can get a 7% instant discount plus 5% cashback on flights, and a 10% instant discount plus 5% cashback on bus bookings. Additionally, you get a 1% fuel surcharge waiver at all petrol pumps across India for transactions between ₹500 and ₹4,000.

Eligibility and Credit Score Requirements

To apply for the Flipkart SBI Credit Card, you must be between 21 and 70 years old. The bank requires a minimum annual income of ₹3 lakh for both salaried and self-employed individuals. A CRIF credit score of 720 or above is required to meet the bank's eligibility criteria. Meeting these requirements makes the application process much smoother.

How to Apply for the Flipkart SBI Credit Card

The application process is simple and can be completed online or through the bank's mobile app. Follow these steps to get started:

1. Visit the official SBI Card website or the Flipkart app's credit card section.
2. Enter your mobile number and verify it using the OTP sent to you.
3. Fill in your personal details, including your full name, date of birth, and PAN card number.
4. Ensure you meet the minimum income of ₹3 lakh per year before proceeding to the professional details section.
5. Submit your employment information and current residential address.
6. Complete the digital KYC process (involves a video call or a physical document pickup).
7. Once the bank verifies your 720+ CRIF score and documents, your card will be dispatched to your registered address.

Note: You must make a minimum transaction of at least ₹100 within the first 30 days of receiving the card to activate it and stay eligible for the welcome rewards.

Credit Limit and What to Expect

Credit limits for the Flipkart SBI Credit Card are not fixed and are assigned based on several factors. The bank looks at your annual income, your current credit score, and any existing relationships you have with SBI. If you have a high income and a clean repayment history, you can expect a higher starting limit. Initial credit limits range from ₹25,000 to ₹3,00,000 depending on your income profile and credit history.

Comparison Table: Flipkart SBI vs. Top Competitors

Before choosing a card, it is helpful to see how it stacks up against other popular cashback cards in India.

If you shop heavily on Myntra, the Flipkart SBI Credit Card wins because of its 7.5% cashback rate, which beats the 5% offered by the Axis variant. However, if you want a card that works everywhere online without merchant restrictions, the SBI Cashback Card is a stronger, albeit more expensive, alternative.

Documents Required for Flipkart SBI Credit Card Application

You will need to submit the following documents when applying for this card:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, or Driving License
• Address Proof: Aadhaar Card, Utility Bills, or Rent Agreement
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, or Passport
• Address Proof: Aadhaar Card, Passport, or Property Documents
• Income Proof: Latest 2 years' ITR (Income Tax Returns) with computation of income
• Business Proof: GST registration or Shop Act License

Note: All documents should be self-attested. The bank will request additional documents during the verification process to confirm your eligibility.

Who Should Get This Card?

Should you get this card? Here is who benefits the most from the Flipkart SBI Credit Card:

The Fashion Enthusiast: If you are someone who refreshes their wardrobe every month on Myntra and spends around ₹10,000 monthly, you are looking at ₹750 in cashback every month. That is ₹9,000 in annual savings just from one app.

The Urban Commuter and Foodie: If you use Uber for daily office commutes and order Zomato 3-4 times a week, the 4% cashback adds up quickly. A monthly spend of ₹10,000 across these platforms yields ₹4,800 in annual cashback, effectively covering your annual fee multiple times over.

The Budget-Conscious Traveler: If you book flights or buses through Cleartrip for your quarterly trips, the combination of instant discounts and 5% cashback makes this one of the most rewarding cards for domestic travel in its price segment.

You might want to skip this card if: You do most of your grocery and household shopping on Amazon, or if you prefer shopping at physical retail stores, where the cashback rates are significantly lower.

BankKaro Expert Review

Based on the card's features, the Flipkart SBI Credit Card excels at rewarding brand-loyal shoppers. The 7.5% rate on Myntra is currently one of the highest in the market for a co-branded card in this fee bracket. I particularly like the direct statement credit system; it removes the hassle of managing reward points or looking for a redemption catalog.

The biggest limitation is the quarterly capping. While ₹4,000 per quarter is reasonable for most, high-spenders who buy expensive electronics might hit this limit quickly. Also, the lack of complimentary airport lounge access might be a dealbreaker for frequent flyers who expect that perk even in entry-level cards.

Our verdict: Choose this card if your primary spending happens on Flipkart, Myntra, and Zomato. It is a specialized tool that offers incredible value for e-commerce, but it should not be your only card if you spend heavily on rent, insurance, or offline luxury retail.

Terms and Conditions

Before using your card, keep these specific terms in mind:

• The bank may offer a different card variant based on your eligibility. Read the features of the card offered before submitting your application.
• A minimum transaction of ₹100 within 30 days of card issuance is required to activate the card. Failure to do this will result in the loss of welcome rewards.
• Cashback is not earned on fuel spends, rent payments, EMI transactions, wallet loads, or insurance payments.
• The ₹250 Flipkart Gift Card is only issued after the joining fee is realized and is valid for one year from the date of issuance.