Flipkart SBI Card Review: 7.5% Cashback on Myntra?
Key Takeaways
- 7.5% Cashback on Myntra (Highest in Industry)
- 5% Cashback on Flipkart, Cleartrip, Shopsy
- 4% Cashback on Zomato, Uber, PVR
- Quarterly Cap of ₹4,000 per category
Table of Contents
🛍️ 7.5% Cashback on Myntra
The highest reward rate on Myntra in India. Plus 5% on Flipkart.
blank" style="background: white; color: #2874F0; padding: 12px 24px; border-radius: 30px; font-weight: bold; text-decoration: none; display: inline-block; margin-top: 10px;">Apply Now →The Axis Killer?
For years, the Axis Flipkart Card was the default choice. But with Axis devaluing its card, SBI has swooped in with the Flipkart SBI Credit Card launched in late 2025.
It matches Axis on almost every front and beats it on Myntra.
Benefit 1: 7.5% Cashback on Myntra
This is the headline feature. If you buy clothes, shoes, or accessories on Myntra, this card gives you an insane 7.5% Cashback.
- Axis Flipkart: Gives 5% on Myntra.
- SBI Flipkart: Gives 7.5% on Myntra.
The Catch: There is a cap. You can earn a maximum of ₹4,000 cashback per quarter on this category. This covers spends up to ₹53,000 on Myntra every 3 months. For most fashionistas, this is more than enough.
Benefit 2: 5% on Flipkart, Cleartrip & Shopsy
On Flipkart, it matches the competition perfectly.
- Reward Rate: Flat 5% Cashback.
- Cap: ₹4,000 per quarter (Separate from Myntra cap).
This means you can spend ₹80,000 on Flipkart every quarter and get full rewards.
Benefit 3: 4% on Preferred Partners
Just like Axis has Swiggy/Uber, SBI has partnered with:
- Zomato
- Uber
- PVR
- Netmeds
You get 4% Cashback on these merchants. Again, capped at ₹4,000 per quarter.
Comparison: SBI Flipkart vs Axis Flipkart vs SBI Cashback
| Feature | SBI Flipkart | Axis Flipkart | SBI Cashback |
|---|---|---|---|
| Myntra Rate | 7.5% | 5% | 5% |
| Flipkart Rate | 5% | 5% | 5% |
| Fee to Waive | ₹3.5 Lakhs | ₹3.5 Lakhs | ₹2 Lakhs |
| Lounge | No | No | No |
The Drawbacks
- Quarterly Caps: Unlike the old 'Unlimited' days, all cashback is capped quarterly. If you plan to buy a ₹1.5 Lakh laptop on Flipkart, you will only get 5% on the first ₹80,000.
- No Lounge Access: This is a pure shopping card, not a travel card.
- High Waiver Threshold: You need to spend ₹3.5 Lakhs to waive the ₹500 fee. SBI Cashback card requires only ₹2 Lakhs.
The Verdict: Should You Apply?
YES, if:
1. You shop heavily on Myntra (The 7.5% rate is unique).
2. You want a backup card for Flipkart sales.
3. You rejected/closed the Axis Flipkart card.
NO, if:
1. You already have the SBI Cashback Card (5% on everything is simpler than category-wise rates).
2. You spend more than ₹80,000 per quarter on Flipkart.
Calculated Choices, Zero Regrets.
Join the 1% of credit card users who actually win the game.