Flipkart SBI Card Review: 7.5% Cashback on Myntra?

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

1. 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.
2. No Lounge Access: This is a pure shopping card, not a travel card.
3. High Waiver Threshold: You need to spend ₹3.5 Lakhs to waive the ₹500 fee. SBI Cashback card requires only ₹2 Lakhs.

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.