Flipkart Axis Bank vs SBI Cashback
Side-by-side comparison across fees, rewards, welcome bonuses, and eligibility.
Flipkart Axis Bank wins 4-2. Flipkart loyalists who also use Myntra and Cleartrip SBI Cashback is still the right call if pure online cashback — 5% on any online merchant, no partner restrictions..
Side-by-side
| Criterion | Flipkart Axis Bank | SBI Cashback |
|---|---|---|
| Annual fee | ₹500 | · ₹999 |
| Joining fee | ₹500 | · ₹999 |
| Top reward rate | = 5% (shopping) | = 5% (shopping) |
| Base reward rate | 1.5% | · 1% |
| Forex markup | = 3.5% | = 3.5% |
| Welcome bonus | = ₹500 Flipkart voucher + ₹600 spend bonus on first 90 days | = Cashback offsets joining fee on first ₹999+ spend |
| Fee waiver threshold | · ₹350,000 / yr | ₹200,000 / yr |
| Min income | = ₹360,000 | = ₹360,000 |
| Min credit score | 730 | · 750 |
| Editorial rating | · 4.4/5 | 4.6/5 |
Benefits compared
Flipkart Axis Bank
- 5% cashback on Flipkart, Myntra, 2GUD
- 4% cashback on Cleartrip, Swiggy, Uber, PVR, Cult.fit
- 1.5% cashback on every other transaction
- 4 complimentary domestic lounge visits per year
- 1% fuel surcharge waiver
SBI Cashback
- 5% cashback on ALL online spends (not just listed merchants) — capped ₹5,000/month
- 1% cashback on offline spends
- Auto-credited within 2 days of statement
- 1% fuel surcharge waiver
FAQ
›Flipkart Axis Bank vs SBI Cashback: which is better?
Flipkart Axis Bank wins on more dimensions (4 vs 2). But the right answer depends on your specific spending pattern — see the calculator below.
›Can I get both?
Yes — if your credit profile supports it, holding both is the optimal play. Use Flipkart Axis Bank for its best categories, SBI Cashback for online shopping. Just watch the combined annual fees against your spend.
›Which one has the better welcome bonus?
Flipkart Axis Bank: ₹500 Flipkart voucher + ₹600 spend bonus on first 90 days. SBI Cashback: Cashback offsets joining fee on first ₹999+ spend.