Base reward rate: 5% cashback on Flipkart & Cleartrip, 7.5% on Myntra, 4% on select partners, and 1% on other spends.
Redemption options: Automatic credit to the SBI Card account
Fees & Charges
Joining fee: 500
Annual fee: 500
Pros
Offers exceptional accelerated cashback rates, including 7.5% on Myntra and 5% on Flipkart and Cleartrip, significantly outperforming most co-branded cards in its fee segment.
Provides a strong 4% cashback across a diverse set of popular brands like PVR, Uber, Zomato, and Netmeds, extending its value beyond core e-commerce partners.
Features a highly user-friendly automatic statement credit for all cashback earned, eliminating the complexity of points tracking, conversion, and redemption fees.
A high-value welcome bonus of up to ₹1,250 in vouchers is available for applications via the Flipkart App, which more than covers the ₹500 joining fee, making the first year highly profitable.
Cons
A major drawback is the exclusion of EMI transactions on partner sites (Flipkart, Myntra, Cleartrip) from earning cashback, severely diminishing the card's value on high-value purchases.
The annual fee waiver threshold is set at a high ₹3.0L, which is less competitive than the ₹1.5L-₹2L spend requirement common on other cards with a similar ₹500 annual fee.
Despite a partnership with travel platform Cleartrip, the card lacks any complimentary airport lounge access and charges a high 3.50% foreign exchange markup fee, making it unsuitable for international travel.
The default welcome bonus is a ₹250 Flipkart voucher, which only covers 50% of the ₹500 joining fee, offering poor initial value unless the specific app-based offer is claimed.
Best Use Case
Frequent shoppers on Flipkart, Myntra, and other online platforms seeking high cashback on their purchases.