Compare eligible cashback, the cap period and total online spending—not just the headline rate. Terms below are summarized from issuer sources; verify them again before applying.
Our Top Picks for Flipkart Shopping
5% on Flipkart and Cleartrip
₹4,000 per statement quarter, per merchant
Axis lists 5% cashback on Flipkart and Cleartrip, 7.5% on Myntra, 4% on preferred merchants and 1% on other eligible spends. Each tier has its own conditions and caps.
Watch out: Confirm current fee, preferred merchant list, exclusions and quarterly caps on Axis's official page.
Varies by exact product
Check variant terms
Product names and reward programs are easy to confuse. Use the full name shown in the application and verify reward currency, earn rates, caps and redemption rules for that exact card.
Watch out: We are not assigning a rate or fee to a product variant without current, unambiguous issuer terms.
5% on eligible online spends
₹2,000 online per statement cycle
Potentially useful when you have eligible online purchases across several merchants. Its online cap is shared across eligible online transactions, so other shopping can use the same cycle limit.
Watch out: Many transaction types are excluded; see SBI's revised terms and FAQ.
5% on Flipkart
₹1,000 per calendar month on 5% merchant tier
Flipkart is one of HDFC's listed 5% CashPoints merchants. The cap is shared across the accelerated merchant tier, which includes multiple named partners.
Watch out: The 5% tier is subject to eligible transaction conditions, including non-EMI terms; verify the current HDFC schedule.
The Naming Confusion Problem
Similar card names do not guarantee the same rewards. This page compares issuer-published features for named products and avoids assigning unverified terms to similarly named variants.
Axis currently lists 5% cashback on Flipkart and Cleartrip, up to ₹4,000 per statement quarter per merchant; Myntra is listed at 7.5% with its own quarterly cap. Preferred merchants earn 4%, while other eligible spends earn 1%. See the Axis Bank product page for fees, exclusions and current terms.
When a product name is ambiguous, check the full card name and issuer product page. Cashback and loyalty points are different reward currencies and should not be compared at face value.
SBI Flipkart Card: A Separate Cashback Structure
SBI Card publishes a separate Flipkart co-branded product: 5% at eligible Flipkart merchant IDs (including Shopsy and Flipkart Travel), 7.5% at Myntra, 5% at Cleartrip and 4% at four select merchants. Each merchant tier has its own ₹4,000 cashback ceiling. Other eligible purchases earn 1%.
The cap timing differs from a calendar quarter: SBI's card-specific booklet starts the cycle with the first transaction and illustrates a reset when the fourth statement is generated. SBI's August 2026 KFS lists ₹500 + tax annual and renewal fees, with renewal waived at ₹3.5 lakh preceding-year spend. The issuer currently advertises a ₹250 Flipkart gift card after fee realization. Fuel, EMI and several transaction categories are excluded; a separate fuel-surcharge waiver is capped at ₹400 per statement cycle.
Compare the exact merchant route and your personal reset date with Axis's statement-quarter caps. Neither card has an uncapped Flipkart tier, and the better fit depends on eligible spend, exclusions and renewal cost.
Sources: SBI Card product listing · SBI Flipkart card terms · SBI August 2026 fee statement.
Cap Math: Where Each Card Breaks
These limits use different periods: Axis states a quarterly per-merchant cap for its Flipkart tier, while SBI Cashback caps eligible online cashback per statement cycle across eligible online purchases. A statement cycle is not necessarily a calendar month.
The graphic is a simple 5% arithmetic illustration, not a promise of credited rewards. It excludes fees, ineligible transactions, cap timing and reversals. Axis reaches its ₹4,000 cap at ₹80,000 eligible Flipkart spend in a statement quarter; SBI reaches its ₹2,000 online cap at ₹40,000 eligible online spend per statement cycle across merchants.
₹50,000 of eligible Flipkart spend gives ₹2,500 at Axis's 5% tier if its quarterly bucket was unused—not ₹4,000. ₹80,000 reaches that cap. If the entire ₹50,000 falls in one SBI statement cycle, SBI Cashback stops at its ₹2,000 online cap; splitting spending across cycles changes the result. These figures exclude fees, reversals and other use of the respective buckets. See why advertised cashback rates can mislead.
Big Billion Days: The High-Value Window
Big Billion Days, typically held in October, is Flipkart's equivalent of Amazon Prime Day but often larger in scale. The 5-7 day sale window represents months of normal Flipkart earning compressed into a week.
Sale events change each time: eligible cards, products, minimum spends, maximum discounts and stacking rules differ. Review the live offer details and issuer terms at checkout. Do not assume registration is required or that a discount stacks with regular rewards.
Do not add a headline sale discount to cashback as guaranteed savings until you verify both sets of terms and the final payable price. Use our Stack Builder only after checking eligibility.
Headline rates outside Flipkart
Axis lists 4% for preferred merchants and 1% on other eligible spends; this is not a blanket 1.5% rate. Utilities, telecom and several other categories are excluded. SBI Cashback's schedule lists 1% on eligible offline spends, subject to its cap. Issuer exclusions apply.
These are headline rates, not guaranteed net returns. Check the issuer's preferred-merchant list, exclusions and current fee schedule before estimating value. Use the Smart Swipe guide to compare eligible spend.
When SBI Cashback Beats Dedicated Flipkart Cards
SBI Cashback offers 5% on eligible online transactions, not every online purchase. Current revised terms cap online cashback at ₹2,000 per statement cycle, shared across eligible online purchases; several categories and transaction types are excluded.
Axis Flipkart and SBI Flipkart each have separate merchant caps; SBI Cashback has a different online cap shared across eligible online purchases. These are three different structures. Compare statement periods, merchant eligibility and fees against your actual spend.
Holding multiple cards adds fees and complexity; do not apply based only on this simplified comparison.
What to Do Right Now
- Identify the exact card and read its latest issuer fee and reward terms.
- Estimate eligible Flipkart spend over the issuer's statement-quarter or statement-cycle period.
- Include other merchants that share a reward cap.
- Check exclusions, EMI eligibility, refund treatment and offer-specific conditions.
- Compare net value after fees, and do not treat points or temporary discounts as cash without checking redemption terms.
- Recheck the issuer sources linked below before applying.
The Honest Verdict
Axis Flipkart is one option for shoppers who use its eligible Flipkart cashback tier within the quarterly cap. SBI Cashback may suit other eligible online spend, but the online limit is shared per statement cycle. HDFC Millennia has a shared partner-merchant CashPoints cap. Fees, exclusions and spend patterns decide; there is no universal winner.
Check the current issuer terms for the exact product before applying. Rewards and promotional offers can change; this comparison is not a guarantee of approval, savings or future benefits.
FAQ
What is the best credit card for Flipkart shopping in India?
There is no single best card for every shopper. Axis Bank Flipkart currently advertises 5% on Flipkart, subject to a ₹4,000 cap per statement quarter per merchant; SBI Cashback advertises 5% eligible online cashback subject to a ₹2,000 online cap per statement cycle, shared across eligible online spends. Compare your total eligible spend, caps, fees and exclusions.
What is the difference between Axis Flipkart card and Flipkart Axis SuperCoin card?
Do not conflate similarly named products. Confirm the full issuer product name and read that variant's current fee schedule, rewards currency, caps and redemption rules; terms can differ and change. Axis Bank's current product page lists the Flipkart Axis Bank Credit Card and its cashback structure.
Does HDFC Millennia give 5% on Flipkart?
Yes, Flipkart is listed among HDFC Millennia's 5% CashPoints partner merchants. The accelerated merchant tier has a ₹1,000 cap per calendar month, shared across that tier; eligible transaction conditions and the current issuer terms apply.
When does SBI Cashback beat Axis Flipkart for Flipkart purchases?
SBI Cashback's current terms provide 5% on eligible online transactions, with an online cashback cap of ₹2,000 per statement cycle. The limit applies across eligible online spend, not separately to Flipkart. Axis lists a ₹4,000 quarterly cap per merchant for Flipkart. Which yields more depends on your billing cycle, other online purchases, eligibility and fees.
Is Big Billion Days cashback extra on top of the card cashback?
Not necessarily. Sale discounts, card rewards, eligible products, maximum discounts and stacking rules are event-specific. Read the live checkout and offer terms; do not assume registration is needed, that offers stack, or that a headline discount is guaranteed.
Do SuperCoins from the Flipkart Axis card expire?
Expiry, eligible redemption and transfer rules depend on the specific SuperCoins program terms. Check the current Flipkart terms and the exact card variant; do not assume SuperCoins are cash-equivalent.
Does Axis Flipkart give cashback on utilities or fuel?
No. Axis's current cashback terms exclude utilities and fuel. Eligible fuel transactions may receive a separate surcharge waiver of 1% on ₹400–₹4,000 transactions, up to ₹400 per statement cycle; GST on the surcharge is not refunded.
What does the SBI Flipkart card offer?
SBI lists 5% cashback at eligible Flipkart merchant IDs (including Shopsy and Flipkart Travel), 7.5% at Myntra, 5% at Cleartrip and 4% at four select merchants. Each accelerated merchant bucket has a separate ₹4,000 quarterly ceiling. Its card-specific booklet describes a personalized quarterly reset, not a calendar-quarter reset; fees, exclusions, merchant identifiers and transaction rounding apply.
What is the Axis Flipkart joining fee and welcome offer?
Axis currently lists a NIL joining fee as a limited-period offer and a ₹500 annual fee from year two, waived above ₹3.5 lakh eligible annual spend (rent and wallet loads do not count). Its product page advertises ₹350 in activation benefits subject to conditions; the ₹250 Flipkart voucher is not available on first-year-free cards.
Which card is better for Myntra purchases?
Axis currently lists Myntra in a 7.5% cashback tier, capped at ₹4,000 per statement quarter. SBI Cashback may earn 5% on eligible online Myntra transactions subject to its ₹2,000 per-cycle online cap and exclusions. Compare caps across your combined spend.
What happens if I return a Flipkart order? Do I lose the cashback?
Returns or cancellations can reduce eligible spend and lead to reward adjustments or reversals under issuer terms. The exact timing and amount depend on the transaction and issuer rules; check the subsequent statement and the current terms.
Related: Axis Flipkart Card Full Review · SBI Cashback Card Review · Best Cards for Amazon · Best Cards for Online Shopping · Why the Cashback Rate Is a Lie · Stack Builder Tool
Product rules behind this comparison
Axis Flipkart has a ₹4,000 cap per statement quarter for Flipkart and a separate Myntra bucket; it is not uncapped. SBI Cashback has a ₹2,000 online cap per statement cycle shared across qualifying websites. A quarter and a cycle are not interchangeable.
Axis Flipkart — earning, costs and limits
Cashback is credited to the card statement. Axis's current cashback terms list 5% on Flipkart (website/app, excluding Flipkart Health) and Cleartrip, and 7.5% on Myntra; each merchant has its own ₹4,000 statement-quarter cashback cap. Preferred merchants earn 4% with no stated cap, but the list can change and accelerated cashback depends on merchant IDs; only Swiggy food-delivery orders in the Swiggy app qualify for that preferred-merchant tier, not Instamart or Genie. Other eligible merchants earn 1%. Utility, telecom, fuel, insurance, financial-institution, rent, wallet-load, education, government and specified jewellery/watch MCCs are excluded, as are Flipkart/Myntra gift cards, gold, EMI/post-facto EMI, cash advances, card payments/fees and charges. Returns and EMI conversions can reverse cashback; the issuer terms describe statement credit before the next statement. Fuel earns no cashback; a separate 1% surcharge waiver applies to ₹400–₹4,000 transactions, up to ₹400 per statement cycle, with fuel-surcharge GST not refunded. Axis currently advertises ₹350 in activation benefits: a ₹250 Flipkart voucher after a first transaction within 30 days on paid cards, plus 50% off up to ₹100 on a first Swiggy order for eligible first-time users. Axis states lounge access ended in June 2025.
Axis currently lists a NIL joining fee as a limited-period offer and ₹500 annual fee from year two. Fees and offer eligibility can vary by application; taxes apply where charged. Annual fee waived above ₹3.5L eligible annual spend; rent and wallet loads do not count..
Calculation scope: Flipkart, Myntra and Cleartrip have separate ₹4,000 statement-quarter caps. Broad categories cannot identify those merchants or remaining quarterly balances.
HDFC Millennia — earning, costs and limits
5% CashPoints on 10 listed online merchants (₹1,000 per calendar-month cap); 1% on other eligible spends (separate ₹1,000 per-month cap); statement redemption 1 CashPoint = ₹1. The current card-specific terms state no minimum transaction value; merchant IDs and settlement timing govern eligible posting.
Annual fee before tax: ₹1,000. Joining fee: ₹1,000 before tax. Spend over ₹1L in the year before renewal for annual-fee waiver.
Estimates use statement credit at ₹1 per CashPoint, before the ₹50 redemption fee and applicable tax. A minimum balance of 500 CashPoints is required; statement-credit redemption is capped at 3,000 points per calendar month. Travel/catalogue redemption is ₹0.30 per point. CashPoints expire after two years.
September 2026 consumer-card MITC: utilities above ₹50,000 in a calendar month attract a 1% fee on the full eligible monthly total (maximum ₹4,999 before GST), not just the excess. Fuel purchases above ₹15,000 attract 1% on the full transaction, capped at ₹4,999 before GST. INR payments at overseas/internationally registered merchants attract 1.75% DCC markup. These charges and applicable GST are not deducted from gross reward estimates; a fuel-surcharge waiver does not waive the separate high-value fuel charge.
Calculation scope: The 5% rate applies only to ten listed merchant MIDs, while this calculator accepts broad categories such as online, dining and shopping. It cannot distinguish an eligible listed merchant from other spend, or model the separate monthly caps and redemption fee reliably; no generic estimate is shown.
SBI Cashback Card — earning, costs and limits
5% on eligible online and 1% on eligible offline (POS) purchases. From 1 April 2026: separate ₹2,000 online and ₹2,000 offline caps, ₹4,000 combined per statement cycle. Cashback accrues by transaction posting/settlement date, is credited within 2 working days after the next statement generation, and returns/reversals can be debited. Utility, insurance, fuel, rent, wallet, education, jewellery, railways, merchant/Flexipay EMI and issuer-listed MCCs are excluded; digital gaming, tolls and government MCCs were added in April 2026. ₹999 joining/renewal; renewal reversed at ₹2L+ eligible spend in preceding year.
Annual fee before tax: ₹999. Joining fee: ₹999 before tax. ₹999 renewal fee reversed after ₹2L or more spend in the preceding year.
A reward rate is conditional on the merchant and payment route. Numerical tools show scenarios using the supported models; they do not estimate rent, insurance, UPI or overseas earning by substituting a generic spending category.