Flipkart SBI Credit Card Review: Complete 2026 Update
- Quick Verdict
- Card at a Glance
- Fees & Welcome Benefits
- Reward Point System Explained
- Travel & Lounge Benefits
- Milestone Benefits & Fee Waivers
- Pros & Cons
- Who Should Get This Card?
- Final Conclusion
Quick Verdict
- Is it good? The Flipkart SBI Credit Card offers decent cashback on select platforms but has limitations.
- Reward rate? Up to 7.5% cashback on Myntra, 5% on Flipkart and Cleartrip.
- Best for? Frequent shoppers on Flipkart and Myntra looking for cashback benefits.
Card at a Glance
| Feature | Details |
|---|---|
| Annual Fee | ₹500 + GST |
| Joining Fee | ₹500 + GST |
| Reward Rate | 5% on Flipkart and Cleartrip, 7.5% on Myntra, 4% on select merchants, 1% on other spends |
| Welcome Benefit | ₹250 Flipkart Voucher |
| Cashback Cap | ₹4,000 per quarter (per category) |
| Exclusions | Rental payments, fuel, jewellery, school fees, wallet loads, government payments, gaming, insurance, EMI transactions |
Fees & Welcome Benefits
The Flipkart SBI Credit Card comes with a joining fee of ₹500 + GST and an annual fee of ₹500 + GST. However, if you spend ₹3,50,000 annually, you can waive off the annual fee. This makes it a bit easier for frequent shoppers to justify the cost.
As a welcome benefit, you receive a ₹250 Flipkart Voucher, which can be a nice little bonus for new cardholders. However, it’s essential to note that cashback is capped at ₹4,000 per quarter for each category, which can be a drawback for heavy spenders.
Reward Point System Explained
The reward structure of the Flipkart SBI Credit Card is designed to cater to online shoppers. Here’s a detailed breakdown:
| Category | Cashback Rate | Quarterly Cap |
|---|---|---|
| Flipkart | 5% | ₹4,000 |
| Myntra | 7.5% | ₹4,000 |
| Select Merchants (Netmeds, PVR, Uber, Zomato) | 4% | ₹4,000 |
| Other Eligible Spends | 1% | No cap |
While the cashback rates are attractive, it’s crucial to remember that certain transactions are excluded from earning cashback. This includes payments for rent, fuel, and other specific categories. So, if you’re planning to use this card for those expenses, you might want to reconsider.
Travel & Lounge Benefits
Unfortunately, the Flipkart SBI Credit Card does not offer any lounge access benefits, which is a significant downside for frequent travelers. Unlike other cards that provide complimentary access to domestic and international lounges, this card lacks such perks. If you’re someone who values lounge access, you might want to explore options like the SBI Prime Credit Card Review or the SBI SimplyCLICK Credit Card Review.
Milestone Benefits & Fee Waivers
While the Flipkart SBI Credit Card does not have specific milestone benefits, the annual fee can be waived off with an annual spend of ₹3,50,000. This is a reasonable target for those who frequently shop online, especially on platforms like Flipkart and Myntra.
Pros & Cons
| Pros | Cons |
|---|---|
| 5% cashback on Flipkart and Cleartrip | Cashback Capping: ₹4,000 per Quarter (per category) |
| 7.5% cashback on Myntra | Cashback limits are set on a quarterly basis |
| 4% cashback on select merchants like Netmeds, PVR, Uber, and Zomato | Exclusions on cashback for various transactions |
| 1% cashback on all other eligible spends with no upper limit | Cashback not received for Flipkart orders |
| Fuel surcharge waiver |
Who Should Get This Card?
The Flipkart SBI Credit Card is ideal for:
- Frequent shoppers on Flipkart and Myntra who want to earn cashback on their purchases.
- Individuals who primarily shop online and can meet the annual spend requirement for fee waivers.
- Those who enjoy cashback on select merchants like Zomato and Uber.
However, if you’re looking for extensive travel benefits or higher cashback rates without caps, you might want to consider other options.
Final Conclusion
In our experience, the Flipkart SBI Credit Card Review reveals a card that caters well to online shoppers, especially those who frequently use Flipkart and Myntra. While the cashback rates are appealing, the limitations on cashback categories and the lack of travel benefits may deter some users.
Bottom line: If you’re a regular shopper on these platforms and can navigate the cashback caps, this card could be a valuable addition to your wallet. For more options, check out the IRCTC SBI Platinum Credit Card Review for travel enthusiasts or explore other cashback cards available in the market.
For more details, you can visit the official SBI Card page here or check out CardExpert for comparisons.