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Flipkart Axis Bank vs SBI Card Cashback: Which Card Is Better?

A side-by-side comparison of Flipkart Axis Bank and SBI Card Cashback credit cards: fees, reward rates by category, caps, forex markup, lounge access, and which one earns more for different kinds of spenders.

Verdict

SBI Card Cashback earns more in 6 of the 7 spending profiles we tested. Choose Flipkart Axis for regular flipkart and myntra shoppers. Choose SBI Cashback for online shoppers spending up to ₹40,000 a month online.

Spending profileFlipkart AxisSBI CashbackWinner
Balanced spender₹6,360₹9,960SBI Cashback (+₹3,600)
Online shopper₹7,860₹15,180SBI Cashback (+₹7,320)
Frequent traveller₹12,684₹18,804SBI Cashback (+₹6,120)
Family & groceries₹6,960₹10,320SBI Cashback (+₹3,360)
Foodie₹7,920₹11,040SBI Cashback (+₹3,120)
Daily commuter₹3,780₹5,820SBI Cashback (+₹2,040)
High spender₹28,566₹25,566Flipkart Axis (+₹3,000)

Estimated yearly value after caps, fees (with GST) and forex costs. Try your own spends →

Flipkart Axis vs SBI Cashback: full comparison

FeatureFlipkart Axis BankSBI Card Cashback
Card
Flipkart Axis BankAxis Bank
SBI Card CashbackSBI Card
Annual fee₹500 + GST₹999 + GST
Joining fee₹500 + GST₹999 + GST
Fee waiverWaived on ₹3,50,000 yearly spendWaived on ₹2,00,000 yearly spend
NetworkVisa / MastercardVisa
Amazon rewards1%5%
Flipkart rewards5%5%
Other online shopping rewards1%5%
Food delivery rewards4%5%
Dining out rewards1%1%
Groceries rewards1%1%
Flights & hotels rewards4%5%
Fuel rewards0%0%
Bills & recharges rewards0%0%
Everything else rewards1%1%
Forex markup3.5%3.5%
Lounge accessNoneNone
Reward capsFlipkart cashback capped at ₹4,000 per quarter5% online cashback capped at ₹2,000 per statement (since April 2026)
1% offline cashback capped at ₹2,000 per statement
Est. yearly value: balanced spender₹6,360₹9,960
Est. yearly value: online shopper₹7,860₹15,180
Est. yearly value: frequent traveller₹12,684₹18,804
Est. yearly value: family & groceries₹6,960₹10,320
Best forRegular Flipkart and Myntra shoppersOnline shoppers spending up to ₹40,000 a month online
Pros
  • 5% cashback on Flipkart and 7.5% on Myntra
  • 4% cashback on preferred partners like Swiggy, Uber and PVR
  • 1% unlimited cashback elsewhere
  • Low ₹500 annual fee
  • 5% cashback on almost all online spends, with no merchant restrictions
  • 1% cashback on offline spends
  • Cashback is auto-credited to your statement
  • Annual fee waived on ₹2 lakh yearly spend
Cons
  • Fee waiver needs ₹3.5 lakh yearly spend
  • No cashback on utilities, fuel, rent and education
  • Lounge access discontinued
  • Online cashback cap cut from ₹5,000 to ₹2,000 a month in 2026
  • No cashback on rent, fuel, wallet loads, utilities, gaming, tolls and government payments
  • No airport lounge access
  • 3.5% forex markup
Visit Axis BankVisit SBI Card

FAQs

Which is better, Flipkart Axis or SBI Cashback?

SBI Card Cashback comes out ahead in 6 of 7 spending profiles we tested. Choose Flipkart Axis Bank if you want a card for regular flipkart and myntra shoppers. Choose SBI Card Cashback if you want a card for online shoppers spending up to ₹40,000 a month online.

What is the difference in annual fee between Flipkart Axis and SBI Cashback?

Flipkart Axis Bank: ₹500 + GST (waived on ₹3,50,000 yearly spend). SBI Card Cashback: ₹999 + GST (waived on ₹2,00,000 yearly spend).

Which card has a lower forex markup?

Both cards charge 3.5%.

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