Two of India’s best cashback credit cards — SBI Cashback gives a flat 5% on almost every online purchase, everywhere. The Axis Flipkart gives up to 7.5% on specific platforms and stacks instant discounts during India’s biggest sale events.
I hold both cards in my 20+ card stack. Here’s the straight answer on which one wins — and when you need both.
Flipkart Axis Bank Card
Best cashback card for Flipkart, Myntra, & Cleartrip users.
- 7.5% on Myntra, 5% on Flipkart & Cleartrip
- 4% on Swiggy, Uber, Cultfit, PVR
- 1% on all other spends
Quick Snapshot
| Parameter | SBI Cashback | Flipkart Axis |
|---|---|---|
| Network | Visa or Mastercard | Visa or Mastercard |
| Card Type | Core cashback | Co-branded cashback |
| Annual Fee | ₹999 + GST | ₹500 + GST |
| Cashback | Up to 5% | Up to 7.5% |
| Best For | Regular online spenders — 5% back on all online spends | Beginners; Flipkart / Myntra / Cleartrip loyalists |
Eligibility
| Parameter | SBI Cashback | Flipkart Axis |
|---|---|---|
| Age | 21 – 70 years | 18 – 70 years |
| Employment | Salaried or self-employed | Salaried or self-employed |
| Min. Income (Salaried) | ₹25,000–₹30,000/month | ₹15,000+ /month |
| Min. Income (Self-employed) | Stable business with ITR filings | ₹30,000+ /month |
| Suggested Credit Score | 750+ | 700+ |
🔒 Safe & Secure
Flipkart Axis is more accessible with a 700+ score requirement and lower income threshold, making approvals easier for most applicants.
SBI Cashback has stricter underwriting, typically requiring a 750+ score and ITR filings for self-employed applicants.
If you’re a beginner or aged below 21, Flipkart Axis should be your default choice.
Annual Fee & ROI
| Parameter | SBI Cashback | Flipkart Axis |
|---|---|---|
| Joining Fee | ₹999 + GST | ₹500 + GST |
| Welcome Benefit | – | ₹1,850 (Apply by June 30) |
| Renewal Fee | ₹999 + GST | ₹500 + GST |
| Renewal Benefit | – | – |
| Fee Waiver | Spend ₹2L/year | Spend ₹3.5L/year |
SBI Cashback ROI
At ₹40K/month online spends, 5% cashback equals ₹2,000/month — or about ₹24,000/year.
The ₹1,179 fee is a non-issue, as the waiver at ₹2L/year (₹16,667/month) is realistic for regular online shoppers. Read SBI Cashback review →
Flipkart Axis ROI
At ₹20K/month spent across Flipkart, Myntra, and Cleartrip, effective cashback of 5–7.5% gives roughly ₹1,000–₹1,500/month — or ₹12,000–₹18,000/year.
Plus, it’s effectively first-year-free thanks to the ₹1,850 welcome benefit. Fee waiver at ₹3.5L/year is tough for casual users. However, the ₹590 fee is minor relative to the benefits. Read Flipkart Axis review →
Welcome Benefit — Axis Flipkart
| Parameter | Flipkart Axis |
|---|---|
| Welcome Benefit | ₹1,850 in vouchers |
| Breakdown | ₹1,500 Cleartrip flight voucher + ₹250 Flipkart gift card + ₹100 Swiggy voucher |
| Condition | Spend ₹30,000 within 30 days of card approval to unlock ₹1,500 flight voucher |
Valid till 30 June, 2026 ⏰
Flipkart Axis clearly wins in Year 1 — ₹1,850 in welcome benefits against a ₹590 joining fee.
SBI Cashback offers no welcome benefit — you start Year 1 paying the full ₹1,179 fee.
Design & Hands-On
Visually, these cards differ significantly.
SBI Cashback features a royal blue glossy finish with a yellow chevron and the ‘K’ logo. It looks corporate and photographs well, but the surface attracts fingerprints.
Flipkart Axis has a matte black base with striking blue and pink ribbon stripes. Its eye-catching design resists smudges and ages better in wallets.
That said, I rarely carry either card in my wallet and mostly use them online. For offline swipes, I prefer Axis Horizon.
Cashback Rates
SBI Cashback
| Spend Type | Cashback Rate | Monthly Cap |
|---|---|---|
| Online spends | 5% | ₹2,000/month |
| Offline spends | 1% | ₹2,000/month |
In short, spends up to ₹40,000/month online are eligible for cashback.
💡 Pro Tip: Buy Amazon Pay vouchers with SBI Cashback card, then use it to pay for categories that would otherwise earn 0% — utilities, insurance, and more. Effectively forces 5% cashback on excluded spends.
SBI Cashback Card
The OG cashback card for regular online shoppers.
- 5% cashback on all online spends 🛒
- No merchant restrictions
Flipkart Axis Bank
| Spend Type | Cashback Rate | Earning Cap |
|---|---|---|
| Myntra | 7.5% | ₹4,000 /quarter |
| Flipkart | 5% | ₹4,000 /quarter |
| Cleartrip | 5% | ₹4,000 /quarter |
| Swiggy, Uber, PVR, Cult.fit | 4% | No cap |
| All other spends | 1% | No cap |
Each platform has its own separate cap — Myntra, Flipkart, and Cleartrip caps are independent of each other.
Unlike SBI Cashback, Flipkart Axis also unlocks instant discounts during major sale events.
Sale Season — Extra Discounts
| Sale Event | SBI Cashback | Flipkart Axis |
|---|---|---|
| Flipkart BBD | 5% cashback only | 10% off + 5% cashback |
| Myntra EORS | 5% cashback only | 5% off + 7.5% cashback |
| Amazon Great Indian Festival | 5% cashback | 1% only |
Real money example
Here’s how buying a ₹50,000 TV on Big Billion Days looks like:
| SBI Cashback | Flipkart Axis | |
|---|---|---|
| Instant discount | None | ₹5,000 off at checkout |
| Cashback | ₹2,000 (capped) | ₹2,500 (5% back) |
| Total saving | ₹2,000 | ₹7,500 |
Flipkart Axis wins Big Billion Days by a massive margin. SBI Cashback wins Amazon Great Indian Festival.
I use the SBI SimplyCLICK card for instant Amazon sale discounts.
Travel & Lounge Access
| Parameter | SBI Cashback | Flipkart Axis Bank |
|---|---|---|
| Lounge Access | None | None |
| Forex Markup | 3.5% | 3.5% |
| Cleartrip Booking | 5% cashback | 5% cashback + coupon discount |
| Other Travel OTAs | 5% cashback | 1% only |
| Fuel Cashback | 0% | 0% |
| Fuel Surcharge Waiver | 1% on ₹500–₹3,000 txn | 1% on ₹500–₹3,000 txn |
Flipkart Axis can help you save up to 25% on travel booking via Cleartrip. SBI Cashback doesn’t offer a double dip discount.
💡 Key Takeaway: Cashback cards focus on direct cash rewards and usually skip lifestyle perks like airport lounge access. If that’s a priority, check our guide on 12 best lounge access credit cards — no spend.
Scapia Card
Best beginner travel card with lounge access and zero forex markup.
- Unlimited lounge access
- Zero forex markup
- Zero annual fee
Which Card Should You Get
Get Flipkart Axis if you are:
- A Flipkart or Myntra loyalist spending ₹8,000–₹20,000/month on these platforms — 7.5% on Myntra and 5% on Flipkart is unmatched at this fee tier.
- A Big Billion Days shopper with big-ticket purchases planned — 10% instant discount plus 5% cashback stacked is the strongest sale-season benefit on any ~₹500/year card.
- A first-time cardholder who wants a low fee, clear partner ecosystem, and a solid welcome benefit.
🔒 Safe & Secure via Axis Bank
Get SBI Cashback if you are:
- A regular online shopper spending ₹20K+/month across Amazon, Flipkart, Zomato, Nykaa, etc. — the flat 5% often beats merchant-restricted cards over the long term.
- Someone who wants 5% cashback auto-credited with zero mental load, without tracking partner brands or categories.
🔒 Safe & Secure via SBI Card
Final Verdict: Get Both
I hold both cards in my stack, and they aren’t rivals. Instead, they perfectly fill each other’s gaps across different shopping ecosystems.
Here’s how I maximize my cashback:
| Situation | Use This Card |
|---|---|
| Flipkart / Myntra / Cleartrip | Flipkart Axis |
| Amazon, Zomato, Nykaa, etc. | SBI Cashback |
| Offline spends | Both at 1% — tie |
Combined annual fee: ₹590 + ₹1,179 = ₹1,769.
At around ₹50K/month in online spends, split smartly across both cards, you can earn roughly ₹30K–₹35K/year in cashback and discounts — making the combined fee almost irrelevant.
FAQs
1. Which is better — SBI Cashback or Flipkart Axis credit card?
Depends on where you shop. SBI Cashback gives flat 5% on all online spends — best for platform-agnostic shoppers spending ₹20K+/month. Flipkart Axis gives 7.5% on Myntra, 5% on Flipkart, and stacks instant discounts during Big Billion Days. For Flipkart/Myntra loyalists and sale-season shoppers, Flipkart Axis wins. Ideally, hold both.
2. Does SBI Cashback work on Flipkart?
Yes — SBI Cashback gives 5% cashback on Flipkart purchases. However, it does not qualify for Axis Bank’s instant bank discounts during Flipkart’s Big Billion Days sale. For sale events on Flipkart, the Flipkart Axis Card gives far better value with 10% instant off + 5% cashback stacked.
3. Can I hold both SBI Cashback and Flipkart Axis at the same time?
Yes — these are from different banks (SBI and Axis) so there’s no conflict. I hold both: Flipkart Axis for the Flipkart ecosystem and sale-season discounts, SBI Cashback to buy Amazon vouchers, and all other online platforms.
4. Which card is better for Big Billion Days 2026?
Flipkart Axis — no contest. During Big Billion Days, it gives a 10% instant discount (up to ₹10,000) at checkout plus 5% cashback on top. SBI Cashback only gives 5% cashback with no instant discount. On a ₹50,000 purchase, the difference is ₹5,500 in Flipkart Axis’s favour.
This post is based on publicly available card terms and my personal experience as of June 2026. We partially use AI to draft content, but key facts are manually verified. Card benefits can change — always confirm details on the respective bank’s official website before applying. This post contains affiliate links and is not financial advice. Read the full privacy policy & disclaimer here.
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