Flipkart SBI Credit Card Review (2026) — Worth It?

State Bank of India and Flipkart jointly issue two co-branded cards in India — one through Axis Bank, one through SBI. Both deliver near-identical cashback rates on Flipkart and Myntra. 💳 The real difference lies in which partner merchants each card covers — and for many shoppers, that distinction decides which card actually fits their spending better.

Here is the complete breakdown of the Flipkart SBI Card for 2026.

Quick Verdict

Rating: 4.0 ⭐ / 5

One-line summary: A strong, low-fee cashback card for Flipkart and Myntra shoppers who also use Zomato and Netmeds regularly — direct statement credit with no points conversion.

👉 Apply Now → Flipkart SBI Credit Card

Also read: Flipkart Axis Bank Credit Card Review (2026)

Table of Contents

1. Key Features & Fees
2. How the Cashback Structure Actually Works
3. Flipkart SBI vs Flipkart Axis — Which One Should You Pick?
4. Pros
5. Cons
6. Who Should Apply
7. Who Should Skip This Card
8. How to Apply
9. Final Verdict

Key Features & Fees

How the Cashback Structure Actually Works

The Flipkart SBI Card mirrors its Axis counterpart closely in structure — four cashback tiers, credited directly to your statement.

7.5% tier — Myntra The highest fashion cashback rate available on any card in India, matching the Axis variant exactly.

5% tier — Flipkart and Cleartrip Unrestricted cashback on Flipkart purchases and Cleartrip travel bookings.

Important cap structure: Unlike some cards where each merchant has its own separate cap, the 5% and 7.5% categories share a combined quarterly cap of ₹4,000. This means your total cashback from Flipkart and Myntra spending together is capped — not each platform individually.

4% tier — Preferred merchants This is where the Flipkart SBI card differs meaningfully from its Axis counterpart. Instead of Swiggy and Uber, this card covers Zomato and Netmeds alongside PVR and Uber. Since Zomato and Netmeds serve different everyday needs — food delivery and medicine — this card suits a different spending pattern than the Axis version.

1% tier — Everything else Lower than the Axis card’s 1.5% uncapped base rate — a genuine point in Axis’s favour for general spending outside the partner ecosystem.

“The Flipkart SBI card’s real advantage isn’t the headline Myntra rate — it’s the Zomato and Netmeds coverage that the Axis version doesn’t offer. Pick based on which food delivery app and pharmacy you actually use.” — Simplix Finance Desk

Flipkart SBI vs Flipkart Axis — Which One Should You Pick?

Since both cards are frequently compared, here’s a direct side-by-side to settle the decision.

Both cards perform identically on Flipkart and Myntra. The decision comes down to two factors: which food delivery app you use — Zomato favours SBI, Swiggy favours Axis — and the base rate, where Axis’s 1.5% edges out SBI’s 1% for general spending.

Our recommendation: If you’re a Zomato user, pick Flipkart SBI. If you’re a Swiggy user or want a slightly stronger base rate, pick Flipkart Axis. For most readers, this distinction matters more than any other factor between the two cards.

Pros

• 7.5% on Myntra — matches the highest fashion cashback rate available in India
• 5% on Flipkart and Cleartrip — broad coverage across shopping and travel
• Zomato and Netmeds coverage — useful for food delivery and medicine purchases, a gap in the Axis version
• Direct statement credit — no points conversion, no redemption portal
• Low ₹500 annual fee — easily waivable at ₹3.5L annual spend

Cons

• 1% base rate — lower than Flipkart Axis’s 1.5% on non-partner spends
• Combined quarterly cap — ₹4,000 shared between Flipkart and Myntra limits heavy spenders
• No lounge access — same gap as the Axis version
• 3.5% forex markup — not suitable for international transactions
• 750+ CIBIL recommended for easy approval — slightly stricter than entry-level secured cards
• Several exclusions — fuel, jewellery, rent, gaming, and insurance don’t earn cashback

Who Should Apply

This card suits regular Flipkart and Myntra shoppers who also order on Zomato or buy medicines through Netmeds. Since the 7.5% and 5% rates match the Axis version exactly, the deciding factor for most readers will be the partner merchant overlap — pick this card if Zomato and Netmeds align with your actual spending habits.

Who Should Skip This Card

If you’re a Swiggy user rather than Zomato, the Flipkart Axis card serves you better with an identical fee structure and a stronger 1.5% base rate. Similarly, if lounge access is important to you, neither Flipkart card offers it — consider HDFC Millennia or AU Bank NOMO instead.

How to Apply

1. Visit the official SBI Card website (Link Given Below)
2. Fill in personal and financial details
3. Submit identity proof, address proof, and income proof (salary slips, bank statements, or ITR)
4. Complete verification — approval depends on CIBIL score and income stability
5. Approval typically takes 3–7 working days

👉 Apply Now → Flipkart SBI Credit Card

Final Verdict

The Flipkart SBI Card delivers genuinely strong value for its ₹500 fee — matching the market-leading 7.5% Myntra rate and 5% Flipkart rate while adding Zomato and Netmeds to its preferred merchant list. The card works best as a near-identical alternative to Flipkart Axis, with the final choice coming down to which food delivery platform you actually use.

For most shoppers torn between the two, the decision is simple: Zomato users pick SBI, Swiggy users pick Axis. Both deliver comparable value on the core Flipkart and Myntra spending that drives the card’s appeal in the first place.

Also read: SBI Cashback Credit Card Review (2026) | Best Credit Cards for Online Shopping in India (2026)

Follow Simplix on Instagram — @simplixmv — for weekly finance simplified.