SBI Card and Flipkart Introduce Co-Branded Credit Card With Cashback Rewards

SBI Card and Flipkart have introduced the Flipkart SBI Co-Branded Credit Card, designed to deliver cashback rewards and exclusive perks across the Flipkart ecosystem, including Myntra, Shopsy, and Cleartrip. The card is offered on both Mastercard and VISA platforms and can be applied for digitally through the Flipkart app or the SBI Card website.

Features and Benefits

The card provides 7.5% cashback on Myntra purchases and 5% cashback on Flipkart, Shopsy, and Cleartrip transactions, subject to a quarterly cap of ₹4,000 per category. Customers can also earn 4% cashback on partner brands such as Zomato, Uber, Netmeds, and PVR, along with 1% unlimited cashback on other eligible spends. 

Additional features include a 1% fuel surcharge waiver (up to ₹400 per statement cycle) and a 3.5% forex markup on international spends. Cashback is automatically credited within 2 days of statement generation.

The card carries a joining and annual renewal fee of ₹500 plus taxes, which is waived if annual spending reaches ₹3.5 lakh. New members receive welcome benefits worth ₹1,250  in the form of e-gift cards and Cleartrip vouchers. A limited-time launch offer also gives applicants the chance to win Samsung Galaxy Smartwatches and Ambrane wireless power banks.

Business Overview

SBI Cards and Payment Services Limited, a non-banking financial company, manages a portfolio of over 21 million cards across lifestyle, rewards, travel, fuel, and corporate categories. 

Meanwhile, Flipkart operates a suite of digital commerce platforms, including Flipkart, Myntra, Shopsy, Cleartrip, and super.money, catering to more than 500 million registered users and enabling over 1.4 million sellers.

Read More: Bank of Maharashtra and SBI Card Join Hands to Launch Co-Branded Credit Card!

Conclusion 

The Flipkart SBI Card strengthens digital commerce and consumer finance by offering cashback, partner brand benefits, and launch rewards. With SBI Card’s expertise and Flipkart’s wide reach, the partnership enhances access to formal credit and customer value.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.