Cashback SBI Credit Card

The Cashback SBI Credit Card is a streamlined financial tool designed for the modern consumer who prioritizes direct savings over complex reward systems. Unlike traditional cards that offer points, this card provides clear, automated cashback on nearly every purchase, making it one of the most competitive entry-level cashback cards in the Indian market. Its primary appeal lies in its simplicity and high value for online shoppers. By offering a robust cashback rate without merchant-specific restrictions, it allows cardholders to save significantly across various e-commerce platforms, while also providing a steady benefit for offline transactions and essential travel perks like fuel surcharge waivers.

Cashback SBI Credit Card

Joining Fees	999
Annual Fees	999
Card Type	Cashback, Rewards
Network Type	Visa

Rewards & Benifits

Online Spends: 5% Cashback on online transactions without any merchant restrictions.
Offline Spends: 1% Cashback on all offline transactions and other domestic spends.
Auto-Credit: Cashback is automatically credited to your SBI Card account within two working days of statement generation.
Cashback Cap: Maximum cashback allowed per monthly statement cycle is ₹5,000.
Fuel Surcharge Waiver: 1% waiver at all petrol pumps in India for transactions between ₹500 and ₹3,000 (Max waiver ₹100 per month).

Fees & Charges

Annual Fee: ₹999; waived if you spend more than ₹2 Lakh in the previous year.
Finance Charges: Up to 3.50% per month (42% per annum).
Cash Advance Fee: 2.5% of the transaction amount or ₹500 (whichever is higher).
Late Payment Fee: Nil for dues up to ₹500; up to ₹1,300 for dues above ₹50,000.
Utility Payment Fee: 1% fee on the total amount of utility payments.

Card Details

Contactless Payments: Fast and secure transactions via "Tap and Pay" for amounts up to ₹5,000.
Global Acceptance: Accepted at over 24 million outlets worldwide, including 3,25,000 in India.
Reward Exclusions: No cashback on Rent, Fuel, Wallet Loads, Insurance, Utilities, Jewelry, School/Education, and Railways.
EMI Exclusions: Cashback is not applicable on Merchant EMI and Flexipay EMI transactions.
Add-on Cards: Facility to get add-on cards for parents, spouse, or children above 18 years.

Pros & Cons

High Reward Rate: Industry-leading 5% cashback on most online purchases.
No Redemption Hassle: Automatic statement credit eliminates the need to track points.
Merchant Freedom: Benefits are not limited to specific partner brands.

Monthly Cap: The ₹5,000 limit affects heavy spenders (spends > ₹1 Lakh/month).
No Lounge Access: Does not offer complimentary domestic or international lounge visits.
Excluded Categories: Many common expenses like utilities and insurance do not earn rewards.

ELIGIBILITY CRITERIA

Age Limit: 21 to 70 years. • Employment Type: Salaried or Self-employed. • Minimum Monthly Income: Approximately ₹30,000. • Credit Score: 750 or above preferred. • Residency: Resident of India.

WELCOME BENEFITS

Confirmed across multiple financial sources:

CARD REVIEW

The Cashback SBI Credit Card remains one of the most effective tools in the market for maximizing savings on digital shopping. Its primary strength lies in the flat 5% cashback on online spends, which is remarkably high for a card that doesn’t restrict users to a single e-commerce ecosystem. For a moderate annual fee of ₹999, which is reversible upon reaching the ₹2 Lakh spending milestone, it offers excellent value for middle-income households.

However, the card has seen some devaluation, most notably the removal of airport lounge access and the exclusion of utilities and insurance from its rewards program. The monthly cashback cap of ₹5,000 also limits its appeal for very high spenders. Despite these drawbacks, it is a “must-have” as a secondary card dedicated specifically to online retail therapy to ensure a guaranteed 5% return.

Platform

Platform Overview

Skara Financial Services

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Vehicle Loan

Cashback SBI Credit Card