SBI
Flipkart SBI Credit Card
This is an invite only card
Apply and get ₹1400 Rewards
Top Benefits
Earn 7.5% on Myntra and 5% on Flipkart & Cleartrip
each with up to ₹4,000 cashback per calendar quarter
Earn 4% Cashback on
Netmeds, PVR, Uber, Zomato with cashback of ₹4000 per quarter
Best For
Shopping
Travel
About Flipkart SBI Credit Card
If you shop frequently across major e-commerce platforms, the Flipkart SB...
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About Flipkart SBI Credit Card If you shop frequently across major e-commerce platforms, the Flipkart SB...
About Flipkart SBI Credit Card
If you shop frequently across major e-commerce platforms, the Flipkart SBI Credit Card is built to maximize your savings. This card steps away from the standard reward point systems and delivers straight value by automatically adjusting earned cashback against your monthly statement. With a massive 7.5% cashback on Myntra and a solid 5% on Flipkart and Cleartrip, it targets online shoppers who want straightforward returns without the hassle of tracking reward catalogs.
What sets this card apart is its multi-brand approach. While most co-branded cards lock you into a single ecosystem, the Flipkart SBI Credit Card extends its accelerated earnings to daily lifestyle apps like Zomato, Uber, Netmeds, and PVR at a highly competitive 4% rate. Whether you are a salaried professional or self-employed, as long as you meet the basic income criteria, this card serves as a powerful tool to reduce your everyday expenses automatically.
View FAQ
Commonly Asked Questions
Is the Flipkart SBI Credit Card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 500 and an annual renewal fee of Rs. 500 from the second year onwards. However, you can get the annual fee waived by spending Rs. 3.5 lakh in the preceding year.
Is this a good credit card for daily use?
Yes, it is highly practical for daily use. With 4% cashback on Zomato and Uber, plus 1% unlimited cashback on offline spends, you earn tangible returns on your regular daily transactions. For example, spending Rs. 5,000 monthly on food delivery and cabs gives you Rs. 200 back every month.
Who should apply for this card?
This card is perfect for frequent online shoppers who heavily use Myntra, Flipkart, and Cleartrip. If you spend around Rs. 15,000 to Rs. 20,000 monthly across these platforms and prefer automatic statement credits over points, this card fits your profile perfectly.
How is the cashback credited?
This is a direct cashback card. Whatever cashback you earn during your billing cycle is automatically adjusted against your next monthly credit card statement, saving you the effort of manual redemption.
Expert Review
BankKaro Expert Review
In my experience analyzing dozens of cashback credit cards, the Flipkart SBI Credit Card occupies a brilliant middle ground. It recognizes that modern consumers do not just shop on one platform. By offering a towering 7.5% cashback on Myntra and a solid 5% on Flipkart and Cleartrip, it captures the bulk of a typical household's discretionary spending. The addition of 4% back on Zomato and Uber makes it genuinely useful for everyday urban life.
However, the card is not without flaws. The Rs. 4,000 quarterly capping per category requires you to monitor your spending if you make large electronics purchases. The requirement of Rs. 3.5 lakh in annual spends to waive a Rs. 500 fee is steep compared to competitors that waive similar fees at the Rs. 2 lakh threshold.
Verdict: If you are an avid Myntra and Flipkart shopper who orders food on Zomato regularly, the value generated by this card easily crushes the Rs. 500 annual fee. Just be sure to pay your bills entirely online and avoid using the card for rent or fuel, where fees and exclusions eat into your returns.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Joining and Annual Fees
The cost structure of the Flipkart SBI Credit Card is straightforward and easy t...
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Joining and Annual Fees The cost structure of the Flipkart SBI Credit Card is straightforward and easy t...
Joining and Annual Fees
The cost structure of the Flipkart SBI Credit Card is straightforward and easy to justify given the high cashback rates. When your card is approved and issued, a one-time joining fee of Rs. 500 plus applicable GST is charged to your first statement. The bank offsets this cost by issuing a Rs. 250 Flipkart e-Gift Voucher once this fee is paid, bringing your effective first-year cost to just Rs. 250.
From the second year onward, a standard annual renewal fee of Rs. 500 plus GST applies. The bank offers a waiver condition: if you spend Rs. 3.5 lakh or more using the card in the preceding 12 months, the renewal fee is completely reversed. Breaking this down, you must spend Rs. 29,166 per month to hit the target. If you route your groceries, utilities, online shopping, and dining through this card, reaching Rs. 3.5 lakh over a year is manageable.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 500 plus 18% GST. This is charged on your very first billing statement after card issuance.
Is there a welcome bonus to offset the joining fee?
Yes, once you pay the joining fee, you receive a Rs. 250 Flipkart e-Gift Voucher. This cuts the burden of the first-year fee in half.
What is the annual or renewal fee?
From the second year, an annual renewal fee of Rs. 500 plus GST is levied on your account anniversary month.
Is there an annual fee waiver option?
Yes, the bank reverses your Rs. 500 annual fee when your total card spends reach Rs. 3.5 lakh or more in the preceding anniversary year.
What is the spending requirement for the annual fee waiver?
You must spend exactly Rs. 3.5 lakh in a year. For example, if you spend Rs. 30,000 every month on shopping and bills, your annual spend will hit Rs. 3.6 lakh, qualifying you for the waiver.
Do EMI transactions count toward the fee waiver milestone?
The principal amount of your EMI conversions counts toward the annual spending milestone, while interest charges and processing fees are excluded.
What happens if I don't meet the fee waiver spending requirement?
If you spend Rs. 2 lakh in the year, you fall short of the Rs. 3.5 lakh target. The bank then charges the standard Rs. 500 plus GST to your account on your renewal date.
Can I get this card lifetime free?
The standard issuance of this card is not lifetime free. You must meet the Rs. 3.5 lakh annual spending criteria every year to enjoy it without renewal fees.
Eligibility
Age
Criteria*
21-70 years
Salary
Criteria*
3.6LPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Eligibility Criteria
Securing the Flipkart SBI Credit Card requires meeting specific age, income, and cr...
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Eligibility Criteria Securing the Flipkart SBI Credit Card requires meeting specific age, income, and cr...
Eligibility Criteria
Securing the Flipkart SBI Credit Card requires meeting specific age, income, and credit score benchmarks set by the bank. The bank is inclusive regarding employment types, welcoming applications from both salaried employees and self-employed professionals.
The primary applicant must be between 21 and 70 years of age at the time of application. For salaried professionals, the bank mandates a minimum monthly income of Rs. 30,000, which translates to a minimum annual income of Rs. 3.6 Lakh. This makes the card accessible to entry-level and mid-level corporate employees. If you are a self-employed individual or business owner, the income requirement is a minimum annual income of Rs. 3 Lakh.
A healthy credit history is vital. The bank requires a minimum CRIF score of 700 to process your application, and maintaining a score of 720 or above ensures a faster approval process. If your credit score is below 700, the bank will reject the application or require additional income proof.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary applicant must be at least 21 years old at the time of submitting the application.
What is the maximum age limit for the primary cardholder?
You can apply for this credit card up until the age of 70 years. Applicants above 70 are not eligible.
What is the minimum salary required for salaried applicants?
Salaried individuals must have a minimum monthly take-home salary of Rs. 30,000. This equals an annual income requirement of Rs. 3.6 Lakh.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must show a minimum annual income of Rs. 3 Lakh to qualify for this card.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed individuals are fully eligible to apply, provided they meet their respective income criteria and furnish the right documents.
What credit score is needed for approval?
The bank requires a minimum CRIF score of 700. A score of 720 or higher ensures a hassle-free approval process.
Will my application be rejected if my credit score is below the requirement?
Yes, if your CRIF score is strictly below 700, the bank's automated systems decline the application based on internal risk policies.
Can students apply for this card?
Students can apply if they are at least 21 years old and meet the minimum income criteria of Rs. 3 Lakh annually. Without proof of regular income, student applications are rejected.
All Card Benefits
- 7.5% cashback on Myntra (quarterly cap ₹4,000)
- 5% cashback on Flipkart (including Shopsy/Flipkart Travel) & Cleartrip (up to ₹4,000 per calendar quarter separately for Flipkart bucket and Cleartrip bucket
- 4% cashback on Zomato, Uber, Netmeds, PVR (quarterly cap ₹4,000)
- 1% cashback on all other eligible spends (unlimited)
- Reversal of renewal fee on annual spends of ₹3.5 lakh in the preceding year
Key Benefits and Features of Flipkart SBI Credit Card
Welcome Benefits
Starting your journey with the...
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Key Benefits and Features of Flipkart SBI Credit Card Welcome Benefits Starting your journey with the...
Key Benefits and Features of Flipkart SBI Credit Card
Welcome Benefits
Starting your journey with the Flipkart SBI Credit Card is highly rewarding. Upon paying the joining fee, the bank offsets this initial cost by offering a welcome gift. You receive a Rs. 250 Flipkart e-Gift Voucher within 60 days of the joining fee realization. This effectively cuts your first-year cost in half. If you buy a Rs. 1,000 item on Flipkart, applying this voucher immediately brings your out-of-pocket cost down to Rs. 750. The voucher remains valid for one full year from the date of issuance, giving you plenty of time to find the right purchase.
Reward Points Structure and Cashback
This card abandons confusing reward points in favor of clear, percentage-based cashback. The earning structure is divided into four distinct tiers based on where you shop. You earn a highly lucrative 7.5% cashback on Myntra, capped at Rs. 4,000 per calendar quarter. This means you can spend up to Rs. 53,333 on Myntra every three months and earn the maximum reward.
For Flipkart, Shopsy, Flipkart Travel, and Cleartrip, you earn 5% cashback. The bank provides separate quarterly caps of Rs. 4,000 for the Flipkart bucket and Rs. 4,000 for the Cleartrip bucket. If you buy a laptop worth Rs. 60,000 on Flipkart, you earn Rs. 3,000 straight to your statement.
On daily lifestyle apps like Zomato, Uber, Netmeds, and PVR, the card delivers 4% cashback, also capped at Rs. 4,000 per quarter. Finally, for all other eligible online and offline spends, you get a flat 1% unlimited cashback.
Travel Benefits
Travelers get an extra advantage with this card through its deep integration with Cleartrip. Beyond the standard cashback, you receive instant upfront discounts. When booking flights on Cleartrip, you get a 7% instant discount at checkout, followed by the 5% statement cashback. For bus bookings on Cleartrip, the deal gets sweeter with a 10% instant discount plus 5% cashback. If you book a round-trip flight ticket for Rs. 10,000, you first get an instant Rs. 700 discount. You then pay Rs. 9,300 with your card and earn 5% cashback on that amount, saving an additional Rs. 465.
Fuel Surcharge Waiver
While you do not earn cashback at the pump, the card helps you offset transaction costs. You get a 1% fuel surcharge waiver across all petrol pumps in India. To qualify for this waiver, your individual fuel transaction must be between Rs. 500 and Rs. 4,000. If you fill up your tank for Rs. 2,000, the bank waives the Rs. 20 surcharge that normally applies to credit card fuel purchases.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You qualify for the Rs. 250 Flipkart e-Gift Voucher simply by paying your Rs. 500 joining fee. You must also ensure you activate your card by making a minimum transaction of Rs. 100 within the first 30 days.
When will I receive the welcome benefit after card activation?
The e-Gift voucher is credited to your registered email or mobile number within 60 days after the bank realizes your joining fee payment.
How long is the welcome voucher valid?
The Rs. 250 Flipkart voucher is valid for exactly one year from the date it is issued to you. Make sure to use it on the Flipkart platform before this period expires.
Is there a welcome bonus for the second year?
No, the welcome voucher is a one-time benefit provided only when you first open the account and pay the initial joining fee.
What is the standard reward rate on this card?
The base rate is an unlimited 1% cashback on all regular eligible offline and online transactions. For example, spending Rs. 10,000 at a local grocery store earns you Rs. 100 back.
How much cashback do I earn on Flipkart?
You earn a flat 5% cashback on Flipkart, Shopsy, and Flipkart Travel. If you spend Rs. 20,000 on a smartphone, you will receive Rs. 1,000 as cashback in your next statement.
Is there a limit to the 5% cashback on Flipkart?
Yes, the 5% cashback on the Flipkart bucket is capped at Rs. 4,000 per calendar quarter. You hit this maximum cap when you spend Rs. 80,000 on the platform within three months.
How much can I earn on Myntra?
You get an impressive 7.5% cashback on Myntra purchases. This is capped at Rs. 4,000 per quarter. A wardrobe upgrade of Rs. 10,000 will yield a solid Rs. 750 in cashback.
Which daily lifestyle apps give 4% cashback?
You earn 4% cashback when you use your card on Zomato, Uber, Netmeds, and PVR. A Rs. 1,000 dinner ordered on Zomato puts Rs. 40 right back into your pocket.
What is the quarterly cap for the 4% category?
The 4% cashback category has a maximum limit of Rs. 4,000 per calendar quarter. To max this out, you would need to spend Rs. 1 lakh across Zomato, Uber, Netmeds, and PVR over three months.
Do I earn cashback on fuel purchases?
No, fuel purchases are excluded from earning any cashback. However, you do receive a 1% fuel surcharge waiver on these transactions.
Are utility bills eligible for cashback?
Standard utility bills earn 1% cashback as they fall under the base category for online and offline spends. Spending Rs. 5,000 on electricity bills earns Rs. 50 back.
Do I earn cashback on rent payments?
No, rent payments are strictly excluded from earning any cashback on this card. Additionally, rent payments attract a processing surcharge.
How is the cashback redeemed?
There is no manual redemption needed. The accumulated cashback is automatically adjusted against your total outstanding balance in the following month's statement.
What discounts do I get on flight bookings?
When booking on Cleartrip, you receive a 7% instant discount directly on the booking page. After the payment goes through, you also earn 5% cashback on the final charged amount.
Are there any benefits for bus travel?
Yes, bus bookings made via Cleartrip give you a generous 10% instant discount. Like flights, you also earn the 5% statement cashback on the remaining paid amount.
Does this card offer airport lounge access?
No, this specific credit card does not offer any complimentary domestic or international airport lounge access.
Does this card offer railway lounge access?
No, there are no railway lounge benefits associated with this credit card.
What is the minimum amount required for the fuel surcharge waiver?
Your fuel swipe must be at least Rs. 500 to qualify for the 1% surcharge waiver. Transactions below this amount incur the standard surcharge.
What is the maximum transaction limit for the waiver?
The waiver applies to transactions up to Rs. 4,000. If you swipe for Rs. 5,000, the standard surcharge applies to the transaction without the waiver benefit.
Can I use this at any petrol pump?
Yes, the 1% fuel surcharge waiver is valid across all authorized petrol pump networks in India, regardless of the brand.
Do I earn 1% cashback on top of the surcharge waiver?
No, fuel spends are explicitly excluded from the cashback program. You only receive the 1% surcharge waiver, not the additional 1% statement cashback.
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
N/A
Redemption Options
This is a cashback card; cashback is adjusted in your monthly statement
To check redemption catalogue
N/A
How to Redeem Rewards and Cashback?
One of the biggest frustrations with traditional credit cards is nav...
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How to Redeem Rewards and Cashback? One of the biggest frustrations with traditional credit cards is nav...
How to Redeem Rewards and Cashback?
One of the biggest frustrations with traditional credit cards is navigating complex reward catalogs and dealing with poor point conversion ratios. The Flipkart SBI Credit Card eliminates this entirely. Because it functions purely as a cashback card, there is no manual redemption process required.
Whenever you make a purchase, the respective cashback percentage (be it 7.5%, 5%, 4%, or 1%) is calculated and tracked. At the end of your billing cycle, the total accumulated cashback is automatically credited to your card account and adjusted against your outstanding statement balance. For example, if your total card bill is Rs. 15,000 and you earned Rs. 1,000 in cashback over the month, your final payable bill automatically drops to Rs. 14,000. It is an effortless, zero-friction system.
View FAQ
Commonly Asked Questions
How do I redeem the cashback I have earned?
You do not need to take any action. This is an auto-cashback card, and the money you earn is automatically adjusted in your upcoming monthly statement.
Is there a fee for redeeming my rewards or cashback?
No fee is charged when redeeming rewards on this card. Since the cashback is auto-credited, there are zero processing fees involved.
How long does it take for cashback to reflect in my account?
Cashback earned during a billing cycle is tallied and automatically credited to your account within a few days of your monthly statement generation.
Can I convert my cashback into airline miles?
No, this card offers strict rupee-value cashback. There is no option to transfer these earnings into airline miles or hotel loyalty programs.
Is there a minimum cashback balance needed before it is adjusted?
No, there is no minimum threshold. Whether you earn Rs. 10 or Rs. 1,000 in a billing cycle, the exact amount is adjusted against your statement.
What happens to my unredeemed cashback if I close the card?
Because cashback is auto-credited monthly, you do not have a pending balance. Any fractional earnings tracked mid-cycle are forfeited when you close the account.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an SBI Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an SBI Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
Rent Payment
EMI Spends
Wallet Loads
Insurance Payments
For Spends Waiver
Fuel Spends
Rent Payment
EMI Spends
Wallet Loads
Insurance Payments
Bank Exclusions
While the Flipkart SBI Credit Card is generous with its cashback, the bank excludes cert...
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Bank Exclusions While the Flipkart SBI Credit Card is generous with its cashback, the bank excludes cert...
Bank Exclusions
While the Flipkart SBI Credit Card is generous with its cashback, the bank excludes certain categories from earning any value-back. It is crucial to understand these so you do not use the card expecting 1% back on bills where no rewards apply.
The primary exclusions include Fuel Spends, Rent Payments, EMI Spends, Wallet Loads, and Insurance Payments. If you load Rs. 10,000 into a digital wallet, you will earn exactly zero cashback. Similarly, if you pay a Rs. 25,000 annual life insurance premium, the transaction processes normally, but it will not contribute to your statement cashback. Converting a purchase into an EMI voids the cashback for that specific transaction.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards or cashback on this card?
You do not earn cashback on Fuel Spends, Rent Payments, EMI conversions, Wallet Loads, and Insurance premium payments.
Does paying rent with this card earn cashback?
No, rent payments are strictly excluded from earning cashback. Additionally, the bank charges a Rs. 199 plus GST fee to process the rental transaction.
Are insurance premium payments excluded from rewards?
Yes, any payments made toward life, health, or motor insurance premiums do not yield the standard 1% base cashback.
If I convert a Flipkart purchase to EMI, do I still get 5% cashback?
No, EMI spends are an excluded category. If you buy a Rs. 50,000 AC on Flipkart and convert it to EMI, you forfeit the Rs. 2,500 cashback.
Do wallet top-ups earn rewards on this card?
Loading money into digital wallets like Paytm, Amazon Pay, or MobiKwik is excluded and earns zero cashback.
What happens if I accidentally make a payment in an excluded category?
The transaction will go through successfully and show up on your bill, but you will not earn any cashback for that specific amount.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.75% per month 45% per annum apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable). | 2.50% |
Reward Redemption Fees No fee is charged when redeeming reward points on this card | Not Applicable |
Link for all T&Cs | Click Here |
Railway Surcharge A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals | 1.80% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees A fee of 200 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹200 |
Cash Payment Fees ₹250 cash payment fee per deposit | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 – ₹500 | ₹0 |
| ₹501 – ₹1,000 | ₹400 |
| ₹1,001 – ₹10,000 | ₹750 |
| ₹10,001 – ₹25,000 | ₹950 |
| ₹25,001 – ₹50,000 | ₹1,100 |
| ₹50,001 and above | ₹1,300 |
Bank Fee Structure
Understanding the precise fee structure of the Flipkart SBI Credit Card prevents surp...
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Bank Fee Structure Understanding the precise fee structure of the Flipkart SBI Credit Card prevents surp...
Bank Fee Structure
Understanding the precise fee structure of the Flipkart SBI Credit Card prevents surprises on your monthly bill. Compared to premium cards, this card is economical, but it enforces strict penalties for late payments and specific transaction types.
The Joining Fee is Rs. 500 plus applicable taxes. You pay this once when the card is issued. While it costs Rs. 500, the bank gives you a Rs. 250 Flipkart Gift Card upon fee realization, making your first year cost just Rs. 250.
The Annual or Renewal Fee is Rs. 500 plus GST, charged from the second year onwards. The annual fee is waived when your total spends reach Rs. 3.5 lakh or more within your card anniversary year. For example, if you average Rs. 30,000 in card spends monthly, you will hit Rs. 3.6 lakh annually and avoid this renewal fee.
The APR or Interest Rate is 3.5% monthly. Credit cards allow an interest-free payment period of 20-55 days. However, if you fail to make payment for your statement by the due date, the bank starts charging interest. If you leave a balance of Rs. 10,000 unpaid, you will attract Rs. 350 in interest charges for that month, which annualizes to a 42% to 45% rate.
Late Payment Charges follow a tiered slab system based on your outstanding balance: Rs. 0 for balances up to Rs. 500; Rs. 400 for Rs. 501-Rs. 1,000; Rs. 750 for Rs. 1,001-Rs. 10,000; Rs. 950 for Rs. 10,001-Rs. 25,000; Rs. 1,100 for Rs. 25,001-Rs. 50,000; and Rs. 1,300 for balances above Rs. 50,000. If you do not pay a Rs. 5,000 bill, you will be hit with a flat Rs. 750 penalty.
The Foreign Transaction or Forex Markup Fee is 3.5%. This is charged on transactions made in currencies other than INR. If you buy a software subscription online for USD 100 (roughly Rs. 8,300), the bank will add a 3.5% markup, costing an extra Rs. 290 for the currency conversion.
The ATM Cash Withdrawal Fee is high. A fee of 2.5% of the withdrawn amount is charged on cash advances using the credit card, with a strict minimum of Rs. 500. If you withdraw Rs. 10,000 in an emergency, you will pay Rs. 500 in fees, plus interest from day one.
The Rent Payment Convenience Fee makes using the card for housing expensive. A surcharge fee of Rs. 199 plus GST applies on rental transactions made using the credit card. Paying a Rs. 20,000 rent bill costs an extra Rs. 234 (including 18% GST), and you won't earn cashback on it.
A Railway Surcharge applies when booking train tickets. A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. A Rs. 2,000 IRCTC ticket attracts at least Rs. 36 in extra fees.
The Cash Payment Fee kicks in if you pay your credit card bill over the counter. There is a Rs. 250 cash payment fee per deposit at a bank branch. Pay your bill online via net banking or UPI to avoid this charge.
The Cheque Payment Fee acts as a penalty for bounced payments. A fee of Rs. 200 to Rs. 250 is levied for cheque return, cheque dishonour, or auto-debit reversal. If your bank account lacks funds when your auto-debit triggers, you will pay this penalty.
The Reward Redemption Fee is Not Applicable. No fee is charged when redeeming reward points on this card because the cashback is automatically adjusted to your statement. You keep 100% of the value you earn.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 + GST |
| Annual Fee | Rs. 500 + GST (Waived on Rs. 3.5L annual spend) |
| Interest Rate (APR) | 3.5% per month (approx 42%-45% annually) |
| Late Payment Fee | Rs. 0 to Rs. 1,300 depending on balance |
| Forex Markup | 3.5% on foreign currency transactions |
| Cash Advance Fee | 2.5% of withdrawn amount (minimum Rs. 500) |
| Rent Payment Surcharge | Rs. 199 + GST |
| Railway Surcharge | 1.80% online / 2.50% offline |
| Branch Cash Payment Fee | Rs. 250 per deposit |
| Cheque Dishonour Fee | Rs. 200 - Rs. 250 |
| Reward Redemption Fee | Nil |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 500 plus GST, charged on your first statement. You receive a Rs. 250 Flipkart voucher to offset this cost.
What is the annual or renewal fee?
The annual renewal fee is Rs. 500 plus GST, applicable from the second year of card membership.
Is there an annual fee waiver based on spending?
Yes, the annual fee is completely waived if you spend Rs. 3.5 lakh or more on the card during the previous year.
What is the interest rate if I don't pay my full balance?
The bank charges an interest rate of 3.5% per month. If you carry a Rs. 20,000 balance forward, you will pay Rs. 700 in monthly interest.
How is the interest calculated on outstanding balances?
Interest is calculated daily on the unpaid balance from the date of the original transaction until the amount is fully paid off. It accrues immediately upon missing the due date.
What are the late payment charges?
Late fees range from Rs. 0 to Rs. 1,300. For example, if your outstanding balance is between Rs. 10,001 and Rs. 25,000, you will be hit with a Rs. 950 penalty.
What is the forex markup for international transactions?
The forex markup is 3.5%. Swiping for USD 200 (approx Rs. 16,600) overseas results in a markup fee of Rs. 581.
Can I withdraw cash using my credit card?
You can, but the bank charges a 2.5% cash advance fee (minimum Rs. 500) and interest starts accruing immediately from day one.
Are there fees for paying rent with this card?
Yes, every rent payment attracts a flat surcharge of Rs. 199 plus 18% GST, adding Rs. 234 to your housing expense.
Is there a fee for paying my bill in cash?
Yes, if you deposit physical cash at a branch to pay your credit card bill, the bank charges a Rs. 250 fee per deposit.
What happens if my payment cheque bounces?
If your cheque is dishonoured or your auto-debit fails due to insufficient funds, the bank applies a penalty fee of Rs. 200 to Rs. 250.
Is there a fee to redeem my reward points?
No, because the cashback is automatically credited to your statement every month, there are no manual redemption fees involved.
Similar Cards
| Features |  SBI Cashback |  Axis Flipkart |  Kiwi Klick |  SBI Simply Click |
|---|---|---|---|---|
| Annual Fee | 999 | 500 | 0 | 499 |
| Welcome Benefits | ||||
| Best For | - | - | - | - |
| Offer | ||||
| Lounge Access |
Documents Required
Documents Required
Applying digitally reduces physical paperwork, but you still need authentic documents to prove your identity and financial capacity. Keep clear scans or physical copies ready during the application and Video KYC phase.
View FAQ
Commonly Asked Questions
What identity documents are needed?
You need your PAN Card and Aadhaar Card. The physical PAN card is strictly required for the Video KYC process.
What income proof is required for salaried applicants?
Salaried individuals provide their last 2 months' salary slips and their latest bank statement showing the salary credits.
What income proof works for self-employed individuals?
Business owners must submit their latest audited ITR (Income Tax Return) showing a minimum annual income of Rs. 3 Lakh.
Do I need address proof if my current address is different from Aadhaar?
Yes, if you live at an address different from your Aadhaar, you need secondary proof like a valid passport, voter ID, or a recent utility bill.
Do existing bank customers need to submit documents?
Existing account holders bypass documentation if they have pre-approved offers, but PAN verification is mandatory.
Can I upload digital copies instead of paper photocopies?
Yes, when applying online, you upload clear PDF or JPEG files of your salary slips and ITR directly to the bank's secure application portal.
Who Should Get This Card?
Who Should Get This Card?
This card is a precision tool for a specific type of spender. If Myntra and Flipkart account for the bulk of your retail therapy, and apps like Zomato and Uber dominate your weekend budget, this card is uniquely designed for you. With an accessible income requirement of Rs. 30,000 monthly, it is perfect for young professionals setting up their apartments or refreshing their wardrobes.
However, if you are a frequent flyer looking for airport lounge access, milestone travel vouchers, or free golf games, this card will disappoint you. Furthermore, if your spending is tilted toward offline retail or paying utility bills and insurance, the 1% base rate and category exclusions make it a poor fit. Choose this card strictly for its e-commerce supremacy.
Credit Limit and What to Expect
Credit Limit and What to Expect
Your approved credit limit is customized based on your financial profile. The bank assesses your monthly income, your existing credit utilization, and your CRIF score. A salaried professional earning Rs. 1 lakh per month with an excellent credit history of 780 receives a much higher limit compared to an applicant meeting the baseline Rs. 30,000 monthly income requirement. You can request a limit enhancement after six months of responsible usage and timely bill payments.
View FAQ
Commonly Asked Questions
How does the bank determine my credit limit?
The limit is based on your declared income, existing debt obligations, and your CRIF score. Higher income and a spotless repayment history result in higher initial limits.
What is the minimum credit limit offered on this card?
Standard approved profiles start with a credit limit between Rs. 25,000 and Rs. 50,000 based on the entry-level income criteria.
Can I increase my credit limit later?
Yes, after 6 to 12 months of consistent usage and full bill payments, the bank sends pre-approved limit increase offers via SMS or email.
Does a high limit affect my credit score negatively?
No, having a high credit limit helps your credit score by lowering your credit utilization ratio, provided your spending remains stable.
Can I set a temporary limit for online shopping?
Yes, using the bank's mobile app, you can set specific transaction limits for online, POS, and contactless spends to secure your card.
Will I get a higher limit if I am an existing customer?
Existing savings account holders or individuals with prior bank relationships receive better credit limits due to established trust and available internal financial data.
How to Apply?
How to Apply?
Getting the Flipkart SBI Credit Card is a fast and fully digital process. You can apply directly through the bank's official website, mobile app, or trusted partner platforms. After entering your PAN, mobile number, and basic employment details, the system instantly evaluates your eligibility based on your credit profile.
If you get initial approval, you will be prompted to complete Video KYC. During Video KYC, a bank executive will verify your original PAN card over a video call. You must be physically present in India and within a 50 km radius of your stated residential address. A stable internet connection and good room lighting ensure the verification goes through smoothly without requiring a physical branch visit.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online via the official bank website, the bank's mobile application, or authorized online financial portals.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process over a live video call. It is mandatory for online applications as it removes the need to physically visit a bank branch to submit documents.
What do I need for a successful Video KYC call?
You must have your original physical PAN card in hand, a blank piece of paper with a blue/black pen for a live signature, and a strong internet connection.
Are there geographic restrictions for Video KYC?
Yes, your GPS location during the call must be within 50 kilometers of the current residential address provided in your application.
How long does the approval process take?
If your Video KYC is successful and no further physical documents are required, final approval and card generation take 3 to 7 working days.
Can I apply offline at a branch?
Yes, you can visit the nearest bank branch, fill out a physical application form, and submit photocopies of your KYC and income documents.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1400 Rewards
Top Benefits
Earn 7.5% on Myntra and 5% on Flipkart & Cleartrip
each with up to ₹4,000 cashback per calendar quarter
Earn 4% Cashback on
Netmeds, PVR, Uber, Zomato with cashback of ₹4000 per quarter
The smartest way to find your great credit card
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