SBI Card, Flipkart launch co-branded credit card

Srinagar, Aug 28: SBI Card, India’s largest pure-play credit card issuer, and Flipkart, India’s homegrown e-commerce marketplace, have jointly launched the Flipkart SBI Credit Card to offer customers curated cashback benefits and a seamless shopping experience.

As per the statement issued said that the card was launched in the presence of Challa Sreenivasulu Setty, Chairman, SBI, and Ashwini Kumar Tewari, Managing Director, SBI. Customers can apply digitally via the Flipkart App, SBI Card SPRINT, or the SBI Card website.

The new credit card offers 7.5% cashback on Myntra purchases, 5% cashback on Flipkart, Shopsy, and Cleartrip spends, and 4% on select brands like Zomato, Uber, Netmeds, and PVR. All other eligible spends attract 1% unlimited cashback. Cashback is auto-credited within two days of statement generation for ease of use.

Salila Pande, MD & CEO, SBI Card, said the partnership reflects SBI Card’s focus on delivering innovative products tailored to evolving customer needs. Kalyan Krishnamurthy, CEO, Flipkart Group, said the initiative aims to democratise access to formal credit while empowering millions of households.