Flipkart and SBI Card Unveil New Co-Branded Credit Card with Cashback, Travel and Lifestyle Benefits

SBI Card, one of India’s largest credit card issuers, in collaboration with e-commerce giant Flipkart, has launched a brand-new Flipkart SBI Credit Card. Designed to enhance the shopping experience of digital-first customers, this co-branded card promises attractive cashback offers and a host of lifestyle benefits.

Specially Curated for Online Shoppers

The Flipkart SBI Credit Card has been created keeping in mind the needs of frequent online shoppers who actively use platforms like Flipkart, Myntra, Shopsy, and Cleartrip. With online retail and travel bookings becoming an essential part of daily life, the card aims to provide unmatched savings and convenience.

Available on both Mastercard and Visa platforms, customers can apply for this card seamlessly through the Flipkart app or the official SBI Card website. The entire application process is digital, ensuring a quick and hassle-free experience.

Cashback and Rewards Across Categories

One of the major highlights of the card is its cashback program. Customers can enjoy:

• 7.5% cashback on purchases made on Myntra

• 5% cashback on Flipkart, Shopsy, and Cleartrip transactions

• 4% cashback on partner brands including Zomato, Uber, Netmeds, and PVR

• 1% unlimited cashback on all other spends

To maintain balance, cashback is capped at ₹4,000 per quarter per category. However, unlike many other cards, the cashback here is automatically credited within two days of the statement generation, ensuring transparency and convenience for cardholders.

Additional Benefits for Cardholders

The Flipkart SBI Credit Card also offers:

• Fuel surcharge waiver of up to ₹400 per billing cycle

• Foreign currency transaction charge of 3.5% forex markup

• Welcome benefits worth up to ₹1,250, including e-gift vouchers and Cleartrip coupons

• Launch offer: Chance to win a Samsung Galaxy smartwatch or Ambrane wireless power bank

The card carries a joining and annual fee of ₹500 plus taxes, which can be waived if the cardholder spends ₹3.5 lakh in a year.

Industry Leaders on the Partnership

Speaking at the launch, Salilapande, MD & CEO of SBI Card, said the product has been carefully designed to meet the evolving preferences of India’s digital consumers, who seek instant rewards and seamless value.

Echoing the sentiment, Kalyan Krishnamurthy, CEO of Flipkart Group, highlighted that the partnership is not just about offering discounts but also about expanding access to formal credit in India while delivering superior value to millions of shoppers.

Market Reach and Consumer Base

Currently, SBI Card has a customer base of over 21 million cardholders and offers products across lifestyle, rewards, travel, fuel, and corporate categories. Flipkart, on the other hand, is one of India’s largest e-commerce platforms with over 500 million registered users and 1.4 million sellers.

With this new launch, both companies are looking to tap into the rapidly growing segment of digital-savvy Indians who prefer cashless transactions and seek maximum value from their spending.

Why This Card Stands Out

The Flipkart SBI Credit Card is expected to attract a large number of users because of its dual focus on cashback and lifestyle perks. While cashback rewards make it ideal for everyday shopping, the additional benefits like travel vouchers, fuel waivers, and partner discounts make it versatile for diverse spending needs.

For young professionals, online shoppers, and frequent travelers, this card could become a one-stop solution for both savings and convenience.