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Flipkart SBI Credit Card
Flipkart SBI Credit Card is SBI's answer to the Amazon Pay card, pairing 5% cashback on Flipkart and Cleartrip with a steeper 7.5% on Myntra and 4% across Netmeds, Swiggy, Uber, and PVR. It's a strong choice for cardholders whose spending already concentrates in the Flipkart ecosystem's partner apps, with a low fee that's easily justified once the quarterly caps are factored in.
Annual fee
₹500
Joining fee
₹500
Reward type
cashback
Base reward rate
1%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping, dining. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🍽️ Dining & food delivery
4% reward rate (capped ₹4,000/quarterly)
- 🛍️ Shopping
5% reward rate (capped ₹4,000/quarterly)
- ⛽ Fuel
1% fuel surcharge waived at the pump, capped at ₹400 per statement cycle
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹3,50,000
- Rewards redemption fee: ₹99 + applicable taxes per redemption request when reward points are redeemed for statement credit, gift vouchers or physical products, charged once per batch regardless of how many items are redeemed in it.
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waived at the pump, capped at ₹400 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Benefits
- Rs. 250 Flipkart gift card on fee realisation, plus Rs. 1,000 additional benefit on the first Flipkart transaction
- 1% fuel surcharge waived at the pump, capped at ₹400 per statement cycle
Pros
- + Strong cashback across Flipkart, Myntra, and delivery/travel apps
- + Uncapped 1% cashback on everything else
- + Low ₹500 joining and annual fee
- + ₹1,000 welcome cashback on the first Flipkart transaction
Cons
- − Per-merchant-group caps limit value for heavy spenders
- − ₹3.5 lakh annual spend needed to waive the renewal fee
- − Standard 3.5% forex markup makes it weak for international spends
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