If Flipkart (and Myntra) is your main shopping app, a co-branded card pays you 5% where a generic card pays 1%. Two cards lead — Flipkart Axis and the newer SBI Flipkart — but a 2026 cap changed the math. Here's the honest pick.
The two Flipkart cards
| Card | Flipkart rate | Fee | Edge |
|---|---|---|---|
| Flipkart Axis Bank | 5% (unlimited on Flipkart, now capped — see below) | ₹500 | Established, wide partner list |
| SBI Flipkart | ~5% on Flipkart | ₹500 | "Fashion Edge" — better for Myntra loyalists |
The 2026 cap that changes everything
The Flipkart-branded cards now cap 5% earnings at ₹4,000 per quarter. That's ₹80,000 of Flipkart spend per quarter before you drop to the base rate — fine for most, but heavy shoppers will hit it. By contrast, the SBI Cashback gives a flat 5% on all online spends (uncapped enough for most), so it can out-earn a Flipkart card if your spend is spread across Amazon, Myntra, Swiggy and more.
Which to pick
- Flipkart/Myntra loyalist: SBI Flipkart (Fashion Edge) or Flipkart Axis.
- Shop across many platforms: SBI Cashback or HDFC Millennia (5% on Flipkart, Amazon, Myntra, Swiggy etc.).
- Amazon-first: see our best card for Amazon guide.
More options in our best cashback cards shortlist.
FAQ
Flipkart Axis or SBI Flipkart — which is better?
Near-identical 5% on Flipkart at a ₹500 fee. Pick SBI Flipkart if you also shop Myntra (Fashion Edge); otherwise Flipkart Axis's broader partner list edges it.
Is the 5% really unlimited?
No longer — 2026 capped it at ₹4,000 cashback per quarter. Beyond that you earn the base rate.
Should I get a Flipkart card or SBI Cashback?
Flipkart card if you're loyal to Flipkart; SBI Cashback if your online spend is spread across platforms — its flat 5% then out-earns a single-platform card.
Confirm current caps and fees with the issuer before applying. See our methodology.
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