SBI Card and Flipkart have launched a brand new co-branded bank card that offers cashback and few extra advantages on Flipkart, Myntra, and Cleartrip.
The Flipkart SBI card is sort of an identical to the present Axis Flipkart Card which is a co-brand bank card with Axis Financial institution launched virtually 6 years in the past.
Options & Advantages
- Becoming a member of/Annual Charge: 500 INR+GST
- Welcome Profit: 250 INR Flipkart Voucher
- 7.5% Cashback on Myntra
- 5% Cashback on Flipkart
- 5% Cashback on Cleartrip
- 4% Cashback on Zomato, Uber, PVR and Netmeds
- Cashback Capping: 4,000 INR per Quarter (per class, as above)
- 1% Cashback on different spends with out capping.
As you’ll be able to see, the advantages and capping are virtually an identical to the Axis Flipkart Card besides few variations just like the completely different most well-liked companions for 4% cashback.
That apart, the cardboard additionally has extra advantages on Cleartrip much like the Axis variant, as you’ll be able to see blow:
The Flipkart SBI card is offered on each Visa and Mastercard, and the applying system presently appears to concern Mastercard variant by default, as of now.
Is it price it?
No, most often!
SBI Card already has two robust cashback merchandise: the common Cashback Card and the newly launched PhonePe Black Card.
Of the 2, the Cashback SBICard stands out as probably the greatest within the phase, providing 5% cashback throughout most on-line retailers with a a lot larger month-to-month cap in comparison with the Flipkart playing cards.
So there isn’t any level in making use of for the Flipkart Card with SBI and even with Axis Financial institution in its present type.
When you’re nonetheless within the card, possibly for the Myntra profit, it’s higher to go for the Axis variant as a substitute, maybe after taking a look on the detailed assessment of Axis Flipkart card.
Backside line
Whereas it’s all the time good to see new bank card launches, it’s disappointing to see the identical worth proposition being repeated throughout banks for co-branded playing cards.
This pattern isn’t simply restricted to Flipkart playing cards, even different co-brand playing cards just like the Indigo playing cards comply with the identical sample these days.
It could have been nice to see some variation, like how the Vistara co-branded playing cards used to supply completely different advantages relying on the issuing financial institution.