SBI Flipkart Credit Card
The SBI Flipkart Credit Card earns 5% cashback on Flipkart purchases with a ₹2,000/month cap. At a ₹999/year fee, it makes sense for regular Flipkart shoppers spending ₹3,000-₹15,000/month on the platform. Below ₹3,000/month, the fee becomes proportionally costly.
By Ashutosh · Updated June 2026
The honest comparison you need to know: Axis Flipkart Credit Card (₹500/year) offers the same 5% on Flipkart but with no cap, and also earns 1.5% on all other transactions (vs SBI Flipkart's 1% everywhere else). The Axis card is straightforwardly better on three of four key dimensions — lower fee, same Flipkart rate, higher cap, better base rate. If you're choosing between the two, the Axis Flipkart card wins.
Existing SBI Card customers who shop frequently on Flipkart and prefer to consolidate their cards within the SBI ecosystem rather than opening a new bank relationship with Axis.
You're deciding between SBI Flipkart and Axis Flipkart fresh — the Axis card is the better product at a lower price.
5% on Flipkart (cap ₹1,000/mo), 0.25% on other · ₹500 welcome Flipkart voucher
PROS
- Good for Flipkart shoppers
- Decent fee with waiver
CONS
- ₹1,000/mo cap on Flipkart
- Very low non-Flipkart rate (0.25%)
- No lounge access
- Flipkart Online Shopping: 5% cashback on Flipkart is the core value proposition. At ₹10,000/month on Flipkart, you earn ₹500/month = ₹6,000/year, capped at ₹2,000/month maximum. The cap doesn't bind until you exceed ₹40,000/month on Flipkart — which most retail shoppers never reach.
- Flipkart Big Billion Days and Sale Events: During Flipkart's sale events in October (Big Billion Days) and January (Republic Day sale), the 5% cashback on top of sale discounts can produce very high effective savings. A ₹15,000 smartphone bought at 20% discount + 5% cashback results in an effective 25% saving — one of the best sale combinations available.
- General Online Spending Outside Flipkart: 1% base cashback applies to all other transactions. At ₹8,000/month in other online spending, you earn ₹80/month = ₹960/year. Not exceptional, but every purchase still earns something — unlike zero-earning debit card transactions.
- Myntra and Flipkart Group Brands: Myntra, which is part of the Flipkart group, may also qualify for the 5% cashback — verify in the card's current terms as the eligibility of Flipkart group brands has changed with platform restructuring. If Myntra purchases qualify, fashion shoppers get a strong additional category.
Axis Flipkart Card at ₹500/year gives the same 5% on Flipkart (uncapped), 4% on Swiggy and Uber, and 1.5% base on everything else. It's ₹499/year cheaper, has no Flipkart cap, and earns more on general spending. There's no scenario where the SBI Flipkart beats it.
On Amazon, the SBI Flipkart Card earns only 1% base cashback. Amazon Pay ICICI earns 5% at zero annual fee. You should never use the SBI Flipkart card for Amazon purchases — always switch to Amazon Pay ICICI for those transactions.
SBI Flipkart earns 1% on dining. SBI SimplySAVE earns 2.5% on dining and groceries for ₹499/year. If dining is a major category for you, SimplySAVE is a better card even within the SBI lineup.
SBI Flipkart carries standard forex markup charges. IDFC Millennia has zero forex markup plus 2% cashback on all purchases including foreign currency. Use Millennia for any international online shopping.
SBI Flipkart covers Flipkart at 5%; Amazon Pay ICICI covers Amazon at 5%. This is the logical two-platform combo for shoppers who use both e-commerce giants. Total fee is just ₹999/year for 5% on both India's largest online marketplaces.
Both are SBI cards. SBI Flipkart handles online shopping; SimplySAVE covers dining, groceries, and movies at 2.5%. This combination covers the major offline and online spending categories within one bank ecosystem for under ₹1,500/year.
View SBI SimplySAVE Credit Card →SBI Flipkart for e-commerce; Octane for fuel at 6.25% and dining at 2.5%. Three SBI cards can be managed in one SBI Card app and together cover online shopping, daily purchases, and fuel comprehensively.
View SBI BPCL Octane Credit Card →Is there a cap on the 5% cashback on Flipkart purchases?
Yes. The 5% cashback on Flipkart is capped at ₹2,000 per month, which means it applies fully on up to ₹40,000/month in Flipkart purchases. Above that threshold, the rate drops to the base 1%. For most shoppers spending ₹3,000-₹20,000/month on Flipkart, the cap doesn't affect earnings.
Does the 5% apply to Flipkart EMI transactions?
Cashback eligibility on Flipkart EMI transactions may differ from regular purchases — some no-cost EMI offers convert the card transaction to a loan, which may not qualify for the standard 5% cashback. Check the specific offer terms on Flipkart at the time of purchase. Full-price purchases on the Flipkart app generally qualify for the 5%.
How is the cashback credited — as points or direct cashback?
The reward comes as SBI reward points, not direct cashback. SBI reward points on the Flipkart card are earned at a rate that translates to 5% effective cashback on Flipkart, redeemable through the SBI Card rewards portal. You can redeem them against your statement, Flipkart vouchers, or other catalogue options. The redemption rate is ₹0.25 per point.
Why is the Axis Flipkart card considered better?
Axis Flipkart Credit Card at ₹500/year offers the same 5% on Flipkart but without a monthly cap, earns 4% on Swiggy and Uber, earns 1.5% base rate on everything else (vs SBI Flipkart's 1%), and costs ₹499 less per year. Unless you're already an SBI Card customer with strong ecosystem reasons to stay, the Axis Flipkart card is the superior product on every metric.
Does this card work for Flipkart Pay Later transactions?
Flipkart Pay Later is a separate credit line from Flipkart's NBFC partner, not a credit card transaction. When you use Flipkart Pay Later, you're not swiping the SBI Flipkart card — the transaction doesn't flow through SBI and therefore doesn't earn the 5% cashback. Always select 'Credit Card' and enter the SBI Flipkart card to earn rewards.
Is there a joining bonus on the SBI Flipkart card?
SBI Flipkart card has periodically offered a ₹500 Flipkart voucher or equivalent benefit as a joining bonus on first transaction within 30-60 days. The current offer may vary — confirm the joining benefit at the time of application on the SBI Card website or Flipkart's card page.
What is the fuel surcharge waiver on this card?
The SBI Flipkart card offers a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000 at petrol pumps. This is a standard SBI card benefit and not a headline feature of this product. The waiver is capped at ₹100/month across all fuel transactions.