Author: Rupanshi Thapa
After using Axis Ace for almost a year, I came across Cashback SBI Card with 5% cashback on all online spends without any merchant restriction. Though I already have Amazon Pay ICICI Credit Card and RBL Bank Zomato Edition Credit Card as well, both of these offer brand-specific benefits. As I make most of the purchases irrespective of the brand/platform, this card seemed like a good option for me. I decided to get my SBI SimplyCLICK credit card upgraded to Cashback SBI Card. The card was also free for the first year and helped me save a considerable amount in cashback. Here is my hands-on experience with Cashback SBI Card to help you decide whether you should also get it.
|Cashback SBI Card Rating|
Annual Fee ★★★
Other Benefits ★★★
|Overall Rating ★★★★|
SBI Card has recently revised some of the benefits offered by Cashback SBI Card. Earlier, I was saving up to Rs. 10,000 monthly through cashback, whereas, now I can get a monthly cashback of up to Rs. 5,000. However, I still think that even after the recent devaluation, Cashback SBI Card would be the best cashback card for me if I frequently shop online. To know the reason behind this, click here.
Cashback without Merchant Restrictions
The Cashback SBI Card offers 5% cashback across all online transactions, irrespective of the merchant or platform you shop at. But why is this promoted as a great feature?
Most cashback credit cards in the market either are co-branded or offer extra earnings only on select categories.
Let’s take Axis Ace Credit Card for example. I mostly use the card to pay electricity and internet bills via Google Pay and I order from Swiggy a few times in a month. On bill payments, I earn 5% cashback and on Swiggy, I get 4% cashback. I also put other frequent online and offline purchases on this card, as it gives me the highest value back of 2%.
On the other hand, Cashback SBI Card gives me 5% cashback across all online transactions regardless of whether I spend on dining with Zomato, Swiggy or any other online platform, shop at any online platform, book cabs, flights, hotels- the list is endless. Practically any online spend that I make will give me 5% cashback. No other card in the market is offering such a high rate of cashback across such a wide range of transactions.