Startup Originals Team
In a move set to excite Indian online shoppers, Flipkart has partnered with SBI Card to launch a co-branded credit card offering substantial cashback and rewards across the Flipkart ecosystem. This new credit card aims to empower digital-first consumers and make festive season purchases more rewarding.
Digital-First Application and Wide Acceptance:
The Flipkart SBI Credit Card, launched by top executives from State Bank of India and Flipkart, is available on both Mastercard and VISA platforms. Applicants can conveniently apply online via the Flipkart app or the SBI Card website, removing the hassle of paperwork and long waits.
Unmatched Cashback Across Partner Platforms:
- Earn 7.5% cashback on Myntra purchases
- Get 5% cashback on Flipkart, Shopsy, and Cleartrip transactions, with a quarterly cap of ₹4,000 per category
- Enjoy 4% cashback at select popular brands like Zomato, Uber, Netmeds, and PVR
- Benefit from 1% unlimited cashback on all other eligible spends
The cashback is auto-credited to the cardholder’s account within two days of the statement generation, ensuring a smooth and transparent process.
Additional Benefits and Fees:
- 1% fuel surcharge waiver (up to ₹400 per statement cycle)
- ₹500 joining and annual renewal fee, with a complete fee waiver for users spending ₹3.5 lakh annually
- Welcome benefits worth ₹1,250, including e-gift cards and Cleartrip vouchers for new applicants
- 3.5% forex markup on international transactions
Cardholders making the most of Flipkart’s network, including groceries, electronics, fashion, travel, and more-can maximize savings with this all-in-one lifestyle credit card.
Limited-Period Festive Giveaway:
To celebrate the launch, Flipkart and SBI Card are running a limited-time offer: every successful applicant stands a chance to win Samsung Galaxy Smartwatches and Ambrane wireless power banks, adding extra festive cheer for early adopters.
Leadership Insights:
Salila Pande, CEO of SBI Card, described the launch as a step towards creating “best-in-class products that align with the evolving needs of our customers.” Flipkart CEO Kalyan Krishnamurthy emphasized this partnership as another milestone in Flipkart’s mission to democratize access to formal credit and financial inclusion in India.
This co-branded credit card stands out as one of the most rewarding options for loyal Flipkart users, delivering high-value rewards just in time for the festive shopping season.
