SBI Card
Flipkart SBI Credit Card
Annual Fee
₹589₹499 + GSTBase Reward
1% cashback
Foreign Markup
3.5%
Welcome Benefits
Flipkart Gift Card Worth ₹250
Product Highlights
- Affordable joining fee of ₹500 + GST
- High cashback on popular platforms
Fee Waiver
Annual Charges are Reversed on Spends of ₹3.5 Lakh
Merchant-Specific Rewards
Flipkart
5% Cashback on Flipkart
Swiggy
5% Cashback on preferred merchants
Uber
5% Cashback on preferred merchants
Cult.fit
5% Cashback on preferred merchants
Cleartrip
5% Cashback on preferred merchants
PVR
4% Cashback on PVR, Curefit
Curefit
4% Cashback on PVR, Curefit
Reward Calculator
Earns ₹5,651/year (net)
Modest gain. Solid hold if you like the perks.
₹19K
across all your buckets
₹6.2K
direct cashback
₹6.2K
via direct credit
Effective rate
2.74%
Annual fee
₹589
Year 1 net
+₹5,651
Year 2+ net
+₹5,651
ongoing
Adjust your spend by reward bucket
4 bucketsSurcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, balance transfer, cash advance, emi, insurance, jewelry, education, railways, wallet
Fuel surcharge waiver (good news)
1%on ₹500–₹3,000 fuel txns · capped at ₹100/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
5% Cashback for Spends on Flipkart and Cleartrip, 7.5% Cashback for Myntra Spends, and 4% Cashback for Spends on Other Partners, Such as Zomato, Netmeds, PVR, and Uber.
Redemption
Cashback is Credited Against Statement
Benefits & Features
1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
Pros & Cons
Pros
- Affordable joining and renewal charge of ₹500 + GST
- Attractive welcome benefits
- Straightforward cashback
Cons
- No airport lounge access
- No renewal benefits
- Not available on RuPay network
Additional Info
Excluded Categories
Partner Merchants
Ready to apply?
Apply directly on the bank's official website. Quick approval, no hidden steps.
Apply NowOfficial bank website · Secure
Fees & Charges
Eligibility
Networks
Fee Waiver
Annual Charges are Reversed on Spends of ₹3.5 Lakh