SBI Card, Flipkart launch co-branded credit card

SBI Cards and Payment Services Limited has launched the Flipkart SBI Card, a co-branded credit card developed in partnership with Flipkart. The launch, effective August 26, 2025, aims to provide rewarding shopping experiences, with benefits across the Flipkart ecosystem. The credit card, categorized under "Rewards" and catering to the domestic market, was announced to both the BSE Limited and the National Stock Exchange of India Limited.

The Flipkart SBI Card offers customers 7.5% cashback on Myntra spends (capped at ₹4,000 per calendar quarter) and 5% cashback on Flipkart, Shopsy, and Cleartrip spends (capped at ₹4,000 per calendar quarter for each). Additionally, cardholders can earn 4% cashback on select brands like Zomato, Uber, Netmeds, and PVR (capped at ₹4,000 per calendar quarter), and 1% unlimited cashback on all other eligible spends. The card includes an auto-credit cashback facility, a 1% fuel surcharge waiver (maximum ₹400 per statement cycle), and a 3.5% forex markup on foreign currency spends.

With a joining and annual renewal fee of ₹500 plus applicable taxes, cardholders receive welcome benefits worth ₹1,250, including Flipkart e-gift cards and a Cleartrip voucher. The annual fee can be reversed upon achieving ₹3,50,000 in annual spends. The collaboration aims to democratize and expand access to formal credit in India, empowering millions of households.