M16S / State Bank of India (SBI Card) / Flipkart SBI Card
entry · cobrand, cashback, shopping
Flipkart SBI Card
The Flipkart SBI Card costs Rs 500 a year, waived if you spend Rs 3,50,000 in a year. Its base return is 1% (1% cashback on all other eligible spends). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 3,50,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- SBI Card to add 1% fee on transport above Rs 30,000, Dec 2026
From 1 Dec 2026 SBI Card charges 1% of the transaction amount on every transportation transaction above Rs 30,000 (MCCs 4111, 4784, 4131). Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card to add 1% fuel fee above Rs 50,000 a cycle, Dec 2026
From 1 Dec 2026, if fuel transactions in a billing cycle exceed Rs 50,000, SBI Card charges 1% on the total fuel spends. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card limits statement credit to multiples of 4,000 points, Apr 2026
From 1 Apr 2026 Reward Points for Statement Credit can be redeemed only in multiples of 4,000 Points, on all eligible cards except the two PhonePe cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card caps statement credit redemption at 60,000 points, Apr 2026
From 1 Apr 2026 redemption of Reward Points for Statement Credit is capped at 60,000 Points per month on all eligible cards except Air India SBI Signature and the two PhonePe cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card revises late payment charges from May 2026
From 1 May 2026 no charge applies up to Rs 100 due (was up to Rs 500). Rs 100 applies above Rs 100 up to Rs 500, and Rs 500 above Rs 500 up to Rs 1,000 (was Rs 400). Higher slabs are unchanged. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on wallet loads above Rs 1,000, Nov 2025
From 1 Nov 2025 SBI Card charges 1% of the transaction amount on every wallet load transaction above Rs 1,000. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on education payments via apps, Nov 2025
From 1 Nov 2025 a 1% fee applies to education payments made through third-party apps. Payments made directly to colleges or schools through their websites or POS machines carry no fee. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds Rs 200 cheque processing fee from Sep 2025
From 15 Sep 2025 a Cheque Processing Fee of Rs 200 applies to outstanding payments made by cheque. Payments by UPI, BBPS and NEFT stay free of extra charges. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on utility payments above Rs 50,000, Dec 2024
From 1 Dec 2024, if utility payments in a billing cycle add up to more than Rs 50,000, SBI Card charges a 1% fee on the total utility amount. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card raises finance charge to 3.75% a month from Nov 2024
From 1 Nov 2024 the rate of Finance Charges is 3.75% p.m. on all unsecured SBI credit cards, except Shaurya and Defense cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the fee | Rs 3,50,000 |
| Fee notes | Annual fee Rs 500 + taxes; renewal fee Rs 500 from second year, reversed if previous-year spend >= Rs 3,50,000. Joining fee waived on First-Year-Free cards (offer during select periods) (product page). |
Rewards
| Welcome benefit | Rs 250 Flipkart Gift Card on fee realisation; Rs 1,000 additional benefit on the first transaction on Flipkart (T&C linked) |
|---|---|
| Reward currency | Cashback |
| Base earn | 1% cashback on all other eligible spends |
| Base return | 1% |
| Point value | Cashback in rupees |
| Accelerated earnunverified | 7.5% cashback on Myntra; 5% on Flipkart; 4% on preferred/select merchants (list linked from the page, not shown; Card Insider names Zomato, Uber, Netmeds, PVR); 12% off on Cleartrip (a discount, T&C linked) |
| Capsunverified | Rs 4,000 per quarter for each of the 7.5%, 5% and 4% tiers; minimum txn Rs 100 |
| Spends that earn nothingunverified | Merchant EMI, Flexipay, fuel, rent, government, jewellery, insurance, education, gaming, wallet loads; EMI purchases on Flipkart/Cleartrip/Myntra |
| Milestone benefitsunverified | None |
| Reward notes | base_return_pct is the 1% base cashback stated on the product page. Cashback is adjusted in the statement; no redemption step. |
Travel and perks
| Domestic loungeunverified | None |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-4,000, cap Rs 400 per statement cycle |
| Other freebiesunverified | None |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Benefit fields now read from the issuer's product page (rendered 2026-10-12). The page states no cashback caps, exclusions or network; those stay from Card Insider and unverified, as does its 'not on RuPay, so no UPI linking' remark. The page lists no lounge or milestone benefit. Page vs earlier value (page used): accelerated_earn had '5% on Flipkart and Cleartrip' (Card Insider); the page's benefit list shows 5% cashback on Flipkart and '12% off on Cleartrip', though a video title on the same page still says 5% cashback on Cleartrip; old fuel waiver had no cap; page caps it at Rs 400 per statement cycle; welcome: page adds a Rs 1,000 first-transaction benefit to the Rs 250 gift card. Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the Flipkart SBI Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 3,50,000 in a year.
- Does the Flipkart SBI Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Flipkart SBI Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Flipkart SBI Card?
- Merchant EMI, Flexipay, fuel, rent, government, jewellery, insurance, education, gaming, wallet loads; EMI purchases on Flipkart/Cleartrip/Myntra