SBI Card and Flipkart Launch Co-Branded Credit Card
Chennai: SBI Card, India’s largest pure-play credit card issuer, and Flipkart, India’s homegrown e-commerce marketplace, have jointly announced the launch of the ‘Flipkart SBI Credit Card’. This co-branded credit card aims to enhance affordability and value for customers on the Flipkart, Myntra, Shopsy, and Cleartrip platforms.
Key Features
The Flipkart SBI Card offers curated cashback benefits to provide a rewarding shopping experience for customers. Cardholders can earn 7.5% cashback on spends made on Myntra and 5% cashback on spends made on Flipkart, Shopsy, and Cleartrip. Additionally, customers can earn 4% cashback on select brands like Zomato, Uber, Netmeds, and PVR, and 1% unlimited cashback on all other eligible spends.
Benefits and Offers
The card comes with an auto-credit of cashback facility, allowing automatic credit of entitled cashback to the SBI Card account within two days of statement generation. The joining and annual renewal fee of the Flipkart SBI Card is ₹500 plus applicable taxes. Upon successful application, cardholders can avail welcome benefits worth ₹1,250.
Salila Pande, Managing Director & Chief Executive Officer, SBI Card, said, “At SBI Card, we continuously strive towards delivering best-in-class products that align with the evolving needs and aspirations of our customers.”
Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, added, “This co-branded credit card reflects our commitment to democratizing and expanding access to formal credit in India”.
