SBI Card and Flipkart jointly launches Flipkart SBI Co-Branded Credit Card
The Flipkart SBI Card is exclusively designed with notable cashback benefits to offer a rewarding shopping experience for discerning customers on the majority of their purchases.
SBI Card, the credit card issuer, and Flipkart, an e-commerce marketplace, jointly announced the launch of the 'Flipkart SBI Credit Card.' The one-of-its-kind co-branded credit card has been launched in the presence of Mr. Challa Sreenivasulu Setty, Chairman, State Bank of India (SBI), and Mr. Ashwini Kumar Tewari, Managing Director, SBI.
The Flipkart SBI Card is exclusively designed with notable cashback benefits to offer a rewarding shopping experience for discerning customers on the majority of their purchases. The customers are able to apply for the credit card digitally via the Flipkart App and SBI Card SPRINT by visiting the SBI Card website, SBI Card.com.
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With the Flipkart SBI Card, customers can earn 7.5% cashback on spends made on Myntra and 5% cashback on spends made on Flipkart, Shopsy, and Cleartrip, according to the press release made.
Customers can utilize the rewarding value proposition to make purchases across a broad range of products and services across the Flipkart ecosystem, including mobiles, electronics, groceries, fashion, furniture, appliances, home furnishings, travel bookings, and more. Moreover, customers can earn 4% cashback on select brands like Zomato, Uber, Netmeds, and PVR, and 1% unlimited cashback on all other eligible spending.
The Flipkart SBI Card comes with an auto-credit cashback facility, which allows automatic credit of entitled cashback to the SBI Card account within two days of statement generation, ensuring a hassle-free experience.
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Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, "At Flipkart, we have always placed the customer at the center of everything we do. Our focus has been on creating a shared value OSBl card for the wider ecosystem. Over the years, we have introduced several innovative financial offerings. This co-branded credit card, in partnership with SB/Card, is another important step in that journey. It reflects our commitment to democratizing and expanding access to formal credit in India. With solutions designed to deliver maximum value, we aim to empower millions of households across Bharat to fulfil their aspirations with confidence."
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