SBI Cards
Cashback SBI Card
Cashback
Online Shopping
1st Year Fee: ₹999* Plus Applicable Taxes
Online Shopping
5% cashback on online spends
Cashback
Up to Rs. 60,000 cashback in a year
Fee Waiver
Fee waived on Rs. 2 lakh annual spends
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About SBI Cashback Credit Card
Cashback SBI Card is one of the best cashback credit cards that comes with a value-back of up to 5% on the card spends. Best-suited for those who prefer to shop online for most of their needs- whether it is apparel, footwear, travel, food, groceries, entertainment or others, this SBI credit card offers accelerated savings in the form of 5% cashback on all online purchases without any brand, platform or merchant restrictions.
This sets it apart from many other credit cards in the market which are either co-branded or offer extra earnings only on select spending categories.
Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit SBI Card’s website.
Cashback Benefits
This SBI credit card offers savings in the form of cashback1 on all card spends as follows:
- 5% Cashback: On all online spends without any merchant restrictions
- 1% Cashback: On all offline spends
- Capping: Cardholders can earn a maximum cashback of Rs. 5,000 in every monthly statement cycle
- Exclusions: Spends made on fuel, wallet, rental, jewellery, school and educational services, utility, insurance, card/ gift/ novelty/ souvenir shops, railways, quasi cash and member financial institutions.
SBI Cashback Credit Card - Other Features and Benefits
In addition to the cashback benefits on every card spend, Cashback SBI credit card users can also avail the following card features:
- Renewal Fee Waiver:
The card renewal fee of Rs. 999 can be waived off if the cardholder spends a minimum of Rs. 2 lakh in a calendar year.
- Fuel Surcharge Waiver:
1% fuel surcharge waiver of up to Rs. 100 per statement cycle on all fuel transactions worth between Rs. 500 and Rs. 3,000.
Suggested Read: Fuel Credit Cards In India
SBI Cashback Credit Card: Fees & Charges
| Particulars | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 999 + applicable taxes | ||||||||||||||
| Finance Charges | 3.75% p.m. (45% p.a.) | ||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get This Card if:
You mostly prefer shopping online, over offline, and can maximise the accelerated cashback earnings
You are looking for a cashback credit card, instead of a card that gives rewards points on your spends
You want a card that does not restrict its cashback benefits to select brands or merchants
You wish to get a card that directly credits your earned cashback to your account, making the redemption process hassle-free
Other Similar Cards:
YES Bank Paisabazaar Paisasave Credit Card
HDFC Millennia Credit Card
Axis Ace Credit Card
Flipkart Axis Credit Card
Amazon Pay ICICI Credit Card
Paisabazaar Review
What do we like about this card?
Cashback SBI Card offers one of the highest cashback rates of 5% on online shopping. This cashback comes without any brand or platform restrictions which allows the cardholders to maximise their earnings across merchants on their online purchases. Moreover, the earned cashback is directly credited to the credit card account, thus making the cashback redemption process quite hassle-free for the users.
Pros
- Up to 5% cashback on card spends
- Cashback benefits come without any merchant restrictions
- No hassle of point conversion as cashback is auto-credited into the statement
- Easily achievable renewal fee waiver
Cons
- Monthly capping on cashback earnings
- No significant additional benefits like complimentary airport lounge access or welcome bonus
Conclusion
Cashback SBI Card stands as a strong contender for other popular cashback cards in the market, such as Axis Ace and Amazon Pay ICICI. While these cards offer great value-back, their benefits come with by brand or merchant restrictions, making it difficult for cardholders to make the most of the benefits. Cashback SBI Card, offering 5% cashback on all online transactions irrespective of the merchant or brand, removes this limitation. However, if your usual spends incline more towards categories like dining, grocery, apparel, entertainment, food delivery etc. then you can also look into card options like Swiggy HDFC and HSBC Live+. These cards offer up to 10% cashback on co-branded and other select categories, surpassing the 5% accelerated value offered by Cashback SBI Card.
Frequently Asked Questions
Everything you need to know about this credit card
The card does not offer any cashback on fuel transactions. However, you will get 1% fuel surcharge waiver on transaction value of Rs. 500 to Rs. 3,000. Maximum cashback is capped at Rs. 100 per statement cycle.
The cashback will be credited directly into your SBI Card account within 2 days of the next statement generation.
You can apply for this credit card via SBI Card’s official website. SBI Card offers a digital application process for this card through its platform SBI Card SPRINT. You will have to fill in your personal details like PAN, DOB, mobile number, city of residence, etc., followed by professional details like occupation, name of organization, etc. Afterwards, you will have to do KYC verification. You may also need to upload scanned copies of the documents. Once approved, the card will be sent to your address in 7-10 business days.
Yes, you can withdraw cash using this card. However, cash withdrawal from credit cards is not advised as it does not qualify for the interest-free period, which means hefty finance charges will be applicable on such transactions. You will also have to pay an additional cash advance fee every time you withdraw cash. Moreover, no cashback will be offered on cash withdrawals.
You can reach SBI Card helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
You can visit the official SBI Card website to apply for SBI Cashback credit card online. If you wish to apply offline, you may also visit the nearest SBI branch.
SBI Cashback credit card comes at a joining and annual fee of Rs. 999. You can get the annual fee waived off from 2nd year onwards by spending at least Rs. 2 lakh in a year and hence use this card for free.
The cashback you earn by using SBI Cashback credit card is directly credited to your account and can be reviewed through the monthly card statement. So, you can check your accrued cashback by logging into your card account through SBI Card website or app.
Cashback SBI Card offers up to 5% cashback on card spends, along with a 1% fuel surcharge waiver. Refer to the page above for the detailed card benefits.
Footnotes
- The earned cashback is automatically credited to the credit card account and is reflected in the monthly statement.
Click here to know More Terms and Conditions
Lepakshi Phogat
Lepakshi is a content writer specialising in personal finance and credit cards. She translates complex financial concepts into practical advice, helping readers make informed financial decisions. Whether it is helping them choose the right credit card or offering strategies to build their credit score, she writes to make personal finance less intimidating and more empowering.
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44 Comments
Nicely written article, thanks
Very nice ❤️
What will b Cashback if I spent 1000 rs on Zomato
If you have paid the Zomato bill online using your Cashback SBI Card, then the cashback will be 5% of the billed amount, that is, Rs. 50. This cashback is only applicable if you have not reached the maximum limit of monthly cashback accrual of Rs. 5,000.
is the cashback credited to bank account directly or credited to card and adjusted in next bill ?
The cashback is credited into your credit card and is adjusted in the next bill.
If i pay my insurance policy premium online, should I earn 5% cashback on cashback SBI credit card?
No. Insurance premium payments will not earn any cashback as they come under ‘excluded categories’.