Flipkart SBI card Launches, Offering Up to 7.5% Cashback
Mumbai: State Bank of India (SBI) and Flipkart have jointly launched the Flipkart SBI Card, offering customers up to 7.5% cashback on purchases made on Flipkart, Myntra, Cleartrip, and the SBI Card website. The card aims to enhance benefits for frequent shoppers within the Flipkart ecosystem and provides an alternative for those seeking cashback rewards.
The card offers a tiered cashback structure. Customers receive 5% cashback on all flipkart, Myntra, and cleartrip purchases. Additionally, a 7.5% cashback is available on select Flipkart Axis Bank co-branded credit card offers.Cashback is calculated on a calendar quarter basis, with a maximum limit of Rs. 6,000 per quarter for Flipkart and Myntra combined, and Rs. 6,000 per quarter for Cleartrip. A separate Rs. 6,000 quarterly limit applies to purchases made directly on the SBI Card website.
HereS a breakdown of the cashback structure:
| Platform | Cashback Rate | Quarterly Limit |
|—————–|—————|—————–|
| Flipkart | 5% | Rs.6,000 |
| Myntra | 5% | rs. 6,000 |
| Cleartrip | 5% | Rs. 6,000 |
| SBI Card website| 5% | rs.6,000 |
| Select Offers | 7.5% | Varies |
The card is positioned as a strong option for individuals who frequently shop on Flipkart and its group companies. It also presents a viable alternative for those who may already have the Flipkart axis Bank Credit Card and have exhausted its quarterly limits,or those who may not qualify for the Axis Bank card due to existing credit card holdings with that bank.
Unlike some credit cards that utilize a reward points system, the Flipkart SBI Card offers a straightforward cashback model, appealing to those who prefer simplicity. According to personal finance content writer Gopal Gidwani, the card provides “a decent 5% cashback rate with a decent calendar quarter limit.”
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