Flipkart SBI Card
Keep5% on Cleartrip is the only reason a traveller opens this — and it caps at ₹4,000 a quarter.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: ₹250 Flipkart gift card on fee realisation; applying through the Flipkart, Myntra or Cleartrip app adds a further voucher and a ₹750 Cleartrip flights coupon
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Pays for itself at ₹5,000 a month
At ₹5,000 a month — ₹60,000 a year — on the everyday mix this card returns ₹600 gross (earn ₹600) against its ₹500 fee = ₹100 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #204
Why #204 It earns a place on a travel board for one line in its own T&C — 5% back on Cleartrip, five times the base rate — and for nothing else. There is no lounge, no points, no programme to reach, and the 5% dies at ₹4,000 a quarter.
The unit is a rupee, not a point: SBI's own T&C says the cashback "is directly credited to the SBI Card account within two working days of the statement generation". Nothing to claim, nothing to expire — so ₹1.00 is floor, value and ceiling alike. What bites is the cap: each accelerated category has its own ₹4,000 ceiling per quarter, and the quarter runs from your first transaction after account opening, not the calendar.
The take
This is an e-commerce card that a travel desk carries for exactly one line, and it is worth being blunt about which. SBI's own cashback table pays 5% at Cleartrip and 5% across Flipkart properties including Flipkart Travel, against a 1% base — a genuine travel accelerator, which is the only gate this card passes. Everything else about it is shopping: 7.5% at Myntra, 4% at four named merchants that turn out to be Netmeds, PVR, Uber and Zomato, and 1% unlimited on the rest. The caps are the story nobody prints. Each category has its own ₹4,000 ceiling per quarter — generous individually, but the quarter is counted from your first transaction after account opening rather than the calendar, so you cannot plan around it the way you would expect. The exclusion list is long and includes fuel, rent, wallet loads, insurance, education, government payments, jewellery and every EMI transaction, all at 0%. Be sceptical of the headline discounts: the "12% off on Cleartrip" the product page still leads with is a coupon offer whose own T&C says "Valid till 30th June 2026", six weeks stale as of today, and only the 5% cashback leg is card-funded and ongoing. There is no lounge access — checked in the T&C booklet, the product record and the MITC, not inferred from the page's aeroplane icon — no points, no transfer partner and a 3.5% forex markup. A shopping card with a Cleartrip line, priced at ₹500 and reversed at ₹3.5 lakh of spend.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹500/yr at stake · 5 spend bands
The charge ₹500/yr
The waiver ₹3,50,000 of spend in the year before renewal — about ₹29,167 a month — and the renewal fee is not charged.
Break-even ₹5,000 a month — ₹60,000 a year — is where this card's value crosses its fee.
At your spend
₹2,300 a year, net of the fee, at ₹3,00,000 of annual spend
₹5,600 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹11,300 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹33,800 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹56,400 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
SBI Card publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 3 Aug 2026 SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programme issuer-wide
- 31 Mar 2026 SBI kills both Etihad Guest co-brands and force-swaps holders into MILES issuer-wide
- 10 Jan 2026 SBI Card splits domestic lounges into tiers, adds entry fees issuer-wide
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- 5% cashback at Cleartrip on flights, hotels and buses — five times the base rate
- 5% across Flipkart, Shopsy and Flipkart Travel; 7.5% at Myntra
- 1% unlimited cashback on everything not excluded, credited straight to the statement
- ₹500 renewal fee reversed on ₹3,50,000 of spend in the previous year
- 4% at four preferred merchants — Netmeds, PVR, Uber and Zomato
Watch out
- No lounge access of any kind — absent from the T&C booklet, the product record and the MITC
- Every accelerated category caps at ₹4,000 a quarter, and the quarter runs from your first transaction after account opening, not the calendar
- The '12% off on Cleartrip' still on the product page is a coupon offer its own T&C ends on 30 June 2026 — only the 5% cashback is ongoing
- 0% cashback on fuel, rent, wallet loads, vouchers, insurance, education, government payments, jewellery, gaming and all EMI spends
- It issues no points at all, so there is no airline or hotel programme to reach — cashback is the ceiling
- Forex 3.5% — SBI's default; this card is in none of the MITC's reduced-markup exceptions
- No cashback on transactions under ₹100, and each transaction's cashback is rounded down
- The page's 'Rs. 1000 additional benefit' is not reproduced in its own linked T&C, which totals ₹1,250 across two offers
What these points actually fly
No live transfer route takes SBI Card Cashback into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
What earns, what doesn't
12 sourced rules · 8 pay zero
Base 1% unlimited cashback, credited to the card account within two working days of statement generation. §11.1(d) lists the excluded spends in prose and then prints the MCC table behind them under "Below categories will not be eligible for Cashback benefit" — the rows below quote that table, so every exclusion here is by MCC and not by merchant name. The accelerated rates (Flipkart and Cleartrip 5%, Myntra 7.5%, four select merchants 4%) are merchant-scoped rather than category-scoped, so they do not appear as category rows.
- Fuel · excluded 0% cashback — MCC 5172, 5541, 5542 and 5983, plus a blanket "any purchases at petrol pumps/service stations". The 1% fuel-surcharge waiver on transactions up to ₹4,000, capped at ₹400 a statement cycle, is the whole of what this card gives back on fuel
- Rent & property management · excluded 0% cashback — MCC 6513 and 7349, and SBI's MITC charges ₹199 + taxes as a processing fee on every rent transaction on top
- Wallet loads · excluded 0% cashback — MCC 6540 and 6541, and the prose adds gift and prepaid card loads and voucher purchases alongside them
- Insurance · excluded 0% cashback — MCC 4225, 5962, 5963, 5964, 5965, 5966, 5968, 5969 and 6300
Does your spend count toward the fee waiver?
not published — and we say which
₹3,50,000 a year is the bar that waives the ₹500 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. SBI Card states what the Flipkart SBI Card earns and does not earn, but has not published which spend categories count toward the fee waiver — the ₹3,50,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Direct application — no invite list, no banking relationship required.
A live public funnel — SBI lists the card as online-applyable and tags it "trending", with an apply flow at sbicard.com. Worth knowing before you apply: the welcome benefit depends on WHICH app you apply through. The Flipkart app route pays a ₹250 Flipkart voucher plus a ₹500 Flipkart voucher plus a ₹750 Cleartrip flights coupon; the Myntra route swaps the second for a Myntra voucher; the Cleartrip route pays the ₹250 and the ₹750 coupon only. Same card, three different welcomes.
SBI Card publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official SBI Card MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
6 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
MITC row verbatim: "Flipkart SBI Card / 500 / 500 (Waived off on annual spends of Rs. 3.5 Lakhs or more in the preceding year)" — the card's own FAQ calls the same first-year ₹500 a "Joining Fee" and the MITC calls it an annual fee; the two agree numerically, so there is no separate commencement charge. Add-on cards free. Cheque payment fee ₹200; cash payment at an SBI branch ₹250. Fuel-surcharge waiver 1% on transactions up to ₹4,000, capped at ₹400 a statement cycle — four times the cap SBI's other entry cards carry, and the only fuel benefit here, because fuel earns 0% cashback.
per the official SBI Card MITC · reviewed 10 Jul 2026
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 3 Aug 2026SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programmeSBI Card Travel Credits transferred 1:1 into Etihad Guest, one of eighteen airline partners in §3 of the MILES rewards T&C. At the ₹1/partner-mile anchor that was a full-value exit, and it was the only route left after the two Etihad Guest SBI co-brands were retired. → No Etihad route at all. The MILES rewards T&C now lists seventeen airline partners and Etihad is not one of them — the word does not appear anywhere in the seven-page document. Every other SBI partner survives at the same ratio.
SBI Card's own MILES rewards T&C, re-fetched on 22 August 2026 and carrying a 3 August 2026 ModDate inside the PDF, has one fewer airline in it than the edition this desk read on 2 August. The deletion is provable from the numbering rather than from absence alone: the table's first seven rows are unchanged (Air Canada 3, Air France-KLM 4, Air India 5, British Airways 6, Cathay 7), and every row from position eight onward has moved up exactly one — Thai from 14 to 13, Qantas from 17 to 16. Position eight was Etihad Airways / Etihad Guest / 1:1. All twenty-four other partners we carry, airline and hotel, are still there at the same ratios, so this is Etihad being dropped and not SBI narrowing transfers. The timing matters more than the ratio. SBI phased out the Etihad Guest SBI and Etihad Guest SBI Premier cards from December 2025 and reissued holders onto MILES products, and the transfer route was what made that migration survivable — a Premier holder who had spent six years earning Etihad miles could keep feeding the same account through Travel Credits. That is now closed, and India's remaining pipes into Etihad Guest run through BOBCARD's Etihad co-brands, not through SBI. If you hold SBI Travel Credits earmarked for an Abu Dhabi business seat, they are Aeroplan, Flying Blue, Avios or Maharaja points now. ON THE DATE: SBI publishes no notice and no cut-off. The date here is the day the desk read the change out of SBI's own document; the PDF's internal ModDate puts the edition at 3 August 2026, which is the earliest day we can prove, not an announcement.
- 1 Jul 2026PhonePe SBI SELECT BLACK stops paying on UPI outside PhonePe
- 1 Jul 2026PhonePe SBI PURPLE stops paying on UPI outside PhonePe
- 31 Mar 2026SBI kills both Etihad Guest co-brands and force-swaps holders into MILES
- 9 Mar 2026Paytm SBI Card stops earning on school and education spends
- 9 Mar 2026Paytm SBI Card SELECT stops earning on school and education spends
- 10 Jan 2026SBI Card splits domestic lounges into tiers, adds entry fees
- 1 Dec 2025SBI discontinues the OLA Money card and moves holders onto a house card
Every SBI Card change we've dated → 19 events since 1998, 13 of them nerfs — worst year 2025.
Verified against SBI Card's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 5 of them, each with the day we read it
- official Product page — the ₹500 joining and renewal fees and the ₹3.5 lakh reversal
- official Terms & Conditions booklet — the full cashback table, its caps and its exclusions
- official Preferred partner list — the four merchants behind the 4% rate
- official Cleartrip offer terms — the 12% headline is a coupon offer dated to 30 June 2026
- official SBI Card MITC — the ₹500/₹500 fee row and the 3.5% foreign-currency markup