- Joining fee
₹999 + GST
- Annual fee
₹999 + GST
- Best suited for
Shopping, Food
- Reward type
Cashback
Rewards
- Rewards rate
5% Cashback for Online Spends Up to ₹2,000 and 1% Cashback for Offline Spends Up to ₹2,000. Maximum Cashback of ₹4,000 in a Statement Cycle
- Reward redemption
Cashback Earned on the Card is Automatically Credited to the Cardholder’s Statement in The Following Month
Fees & charges
- Spend-based waiver
The annual fee can be waived on spending Rs. 2,00,000 or more in the previous year.
- Foreign currency markup
3.5% + GST
- Interest rates
3.75% per month (45% per annum)
- Fuel surcharge waiver
1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000 at petrol pumps across India. (waiver capped at Rs. 100 per statement)
- Cash advance charges
2.5% of the amount withdrawn or a minimum charge of Rs. 500.
Product highlights
- Get 5% cashback on every online transaction (maximum ₹2,000 cashback per month).
- 1% cash back on every offline transaction.
- Spend-based annual fee waiver.
- 1% fuel surcharge waiver capped at ₹100 per month.
Pros & cons
Pros
- Decent 5% cashback on online and 1% cashback on offline spends.
- The monthly cashback cap of ₹5,000 is high when compared to other cashback cards.
- Great for online spending, as most cashback cards don’t offer 5% back and have lower rewards.
Cons
- Several categories are excluded from 1% cashback.
- It can be hard to reach the spend-based waiver, as many major spend categories don’t accrue cashback.
- During online sales, you do not get an instant discount on the cashback card.
FAQs
What is the maximum cashback you can earn with the SBI Cashback Credit Card?
Cardholders can earn 5% cashback on online spends (capped at ₹2,000) and 1% cashback on offline spends (capped at ₹2,000) per statement cycle. This means the maximum cashback that can be earned in a statement cycle is ₹4,000.
Can I make contactless payments with the card?
Yes, the Cashback SBI card offers the contactless payment option, where you can make a transaction below Rs. 5,000 without entering the PIN.
Can I use Cashback for booking tickets or for product purchases?
No, the cashback earned with the card is automatically credited to the card’s next statement.
Can I use the Cashback SBI Credit Card for my business transactions?
No, the Cashback SBI Card is a personal card and can not be used for business purposes. If the cardholder is found to be using the card for such purposes, then the SBI has the right to cancel the card membership for the primary as well as for add-on cardholders.