SBI Card and Flipkart have partnered to launch the new Flipkart SBI Co-Branded Credit Card. This card offers 5-7.5% cashback on Flipkart, Myntra, Shopsy, and Cleartrip. The joining/renewal fee is ₹500, which can be waived based on spending milestones. As part of the launch offer, there's also a chance to win a Samsung Galaxy smartwatch and a wireless power bank.
New Credit Card Launch: Flipkart and SBI Card have launched the new Flipkart SBI Co-Branded Credit Card, available on both MasterCard and Visa platforms. Customers can apply digitally through the Flipkart app or the SBI Card website. This card offers 7.5% cashback on purchases from Myntra and 5% cashback on Flipkart, Shopsy, and Cleartrip. A 4% cashback is available on brands like Zomato, Uber, Netmeds, and PVR, with 1% cashback on other transactions. The ₹500 joining fee is waived on annual spending of ₹3.5 lakh. A limited-time offer includes a chance to win a smartwatch and a power bank.
Platform Availability
This new credit card will be available on both the MasterCard and Visa platforms. Customers can apply for this card digitally through the Flipkart app or the official SBI Card website. The application process has been simplified to ensure that more people can benefit from this card.
Benefits Across Brands
Customers will receive special offers on Myntra, Shopsy, and Cleartrip through the Flipkart SBI Card. Customers will get 7.5 percent cashback on purchases made on Myntra. A 5 percent cashback will be given on spending on Flipkart, Shopsy and Cleartrip. In addition, a 4 percent cashback benefit will also be available on selected brands like Zomato, Uber, Netmeds and PVR.
Cashback Features
This card also provides 1 percent unlimited cashback on various transactions. Notably, it includes a 1 percent fuel surcharge waiver, capped at a maximum of ₹400 per statement cycle. This means that customers will benefit from everyday shopping as well as travel and entertainment expenses.
Joining and Annual Fees
The joining fee for this card is ₹500. The annual renewal charge is also ₹500. However, if the cardholder spends up to ₹3,50,000 in a year, this charge can be reversed. That is, this card can prove to be almost free for customers who spend more.
Special Welcome Offer
New applicants will also get welcome benefits of ₹1,250 with this card. It will include e-gift cards and Cleartrip vouchers. In this way, customers will be able to take advantage of many types of facilities as soon as they activate the card.
Smartwatch and Power Bank in Launch Offer
In a limited-time launch offer, customers will get a chance to win a Samsung Galaxy smartwatch. In addition, there will also be an opportunity to get an Ambrane wireless power bank. This offer has been brought to attract initial customers and the company believes that it will increase the demand for the card rapidly.
Flipkart's Ecosystem Will Be Stronger
Experts believe that this credit card brought in collaboration with Flipkart will strengthen the company's entire ecosystem. Customers who shop on platforms like Flipkart, Myntra and Shopsy will benefit the most. In addition, this card will also prove beneficial for those traveling through Cleartrip.
