New Delhi: SBI Card and Flipkart have given some good news to the people. Both have launched a new Flipkart SBI-branded card. This card is usually for those customers who shop more on Myntra, Shopsy and Cleartrip apart from Flipkart. The most important thing is that this card will be available on both MasterCard and Visa platforms.
Customers can easily apply for it digitally from the Flipkart app or the SBI. Customers will also be given many types of cashback offers on this card. If you shop on Myntra, you will get the benefit of 7.5 per cent cashback, 5 per cent cashback on Flipkart, Shopsy and Cleartrip.
How much cash basis k on each category
Customers will be able to get the benefit of a maximum cashback of up to Rs 4000 in a quarter on each category. Along with this, you will get the benefit of 4 per cent cashback on select brands like Zomato, Uber, Netmeds and PVR and 1 per cent unlimited cashback on all other transactions. Along with this, cardholders will also be given a fuel surcharge waiver of up to Rs 400 in every statement cycle.
Apart from this, if you spend on foreign currency, thea n 3.5 forex markup charge may be levied. Whatever cashback the customer will get, it will be automatically credited to the card account within two days of the statement generation.
The joining and annual fee of the card has been kept at Rs 500 plus tax. If the cardholder spends Rs 3.5 lakh in a year, then your annual fee will be waived. New customers will be given welcome benefits of up to Rs 1,250.
What did the CEO of SBI Card say
SBI Card MD and CEO Salila Pandey said that it has been designed according to the changing needs of the customers. At the same time, Flipkart CEO Kalyan Krishnamurthy said that this partnership is also an effort to give value to the customers and provide access to formal credit to more and more people.
At present, SBI Card has more than 2.1 crore cardholders. It provides its services in lifestyle, rewards, travel, fuel and corporate segments.