SBI Cashback Credit Card - Features, Benefits, Fees & Charges

SBI Cashback Credit Card (3.9)

Cashback Best For: Cashback
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Love shopping online? Well, we've got some great news for you! With the SBI Cashback Credit Card, you can earn 5% cashback on all your online purchases. That's not all – you'll also get 1% cashback on in-store shopping. The card has a joining and annual fee of just ₹999. It's easy to use and accepted worldwide. So, you can save a lot on your everyday expenses. Want to learn more? Keep reading! 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Cashback Benefit
  • Get a 5% cashback on online purchases without any limitations on the merchant.
  • 1% cashback is available for your offline purchases.

Note: Cashback will be credited to your SBI Card account within 2 days of the next statement generation.

Fuel Surcharge

1% Fuel Surcharge Waiver at all petrol pumps in India.
Valid for transactions between ₹500 - ₹ 3,000, exclusive of GST and other charges.
Note: Maximum surcharge waiver of ₹100 per statement cycle per credit card account.
 

EMI Benefit

Get a Balance Transfer on EMI with CASHBACK SBI Card.
Save money while paying credit card dues by transferring the outstanding balance of other banks credit cards.

Other Benefit
  • Access cash from 1 million+ VISA  ATMs worldwide.
  • Enjoy convenient utility bill payments, including electricity, telephone, mobile, and more, with the Easy Bill Pay feature on your Card.
  • Spend ₹2 Lakh annually to reverse the renewal fee.
     
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹ 999

Annual Fee

₹ 999

Annual Percentage Rate

42%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.5 %

Cash Advance Limit

80%

Card Replacement Fee

₹ 100

Foreign Transaction Fee

3.5%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

0
Late Payment Charges

Balance from ₹0 to ₹500

₹ 0

Balance from ₹500 to ₹1000

₹ 400

Balance from ₹1000 to ₹10000

₹ 750

Balance from ₹10000 to ₹25000

₹ 950

Balance from ₹25000 to ₹50000

₹ 1100

Balance more than ₹ 50000

₹ 1300
Pros

Aspects that make this credit card amazing.

  1. Renewal Fee reversed if annual spends for last year is more than or equal to ₹2,00,000.
  2. 1% fuel surcharge waiver at all petrol pumps in India.
  3. Access to cash from 1 million+ VISA ATMs worldwide.
Cons

Aspects this credit card lacks.

  1. No complimentary airport lounge access.
  2. Cashback is not available for the following categories: Education, Fuel, Jewelry, Insurance, Rent, Utilities, and Wallets.
SBI Cashback Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(3.5)

Rewards

(3)

Customer Service

(3)

SBI Cashback Credit Card Review

The SBI Cashback Credit Card is a great option for those who want to earn cashback on their online and offline purchases. It offers 5% cashback on all online purchases, with no merchant restrictions. You can also earn 1% cashback on offline purchases. The card does not charge any annual fee for the first year, and the renewal fee is waived if you spend ₹ 2 lakhs in the previous year.

Overview

Best For

Cashback
Joining Fee 999 plus taxes
Annual Fee 999 plus taxes from the second year.
Benefits Get 5% cashback on all online spending.
Card Network Visa

Who should get an SBI Cashback Credit Card?

The SBI Cashback credit card is a good option for people who spend a lot of money online and want to earn cashback on their purchases. The card offers 5% cashback on all online transactions, with no merchant restrictions. This means that you can earn cashback on any online purchase, regardless of the merchant or brand. The card also offers 1% cashback on offline purchases.

Overall, it is a good option for people who:

  • Spend a lot of money online.
  • Want to earn cashback on their purchases
  • Do not want to be restricted to a specific merchant or brand.

How to Apply for an SBI Cashback Credit Card?

Step 1: Visit the official SBI Card website.
Step 2: Click on the "Credit Cards" section.
Step 3: Select the SBI Cashback Credit Card and click on the "Apply Now" button.
Step 4: Fill out the online application form with your personal and financial details.
Step 5: Upload the required documents, such as identity proof, address proof, and income proof.
Step 6: Review the information and submit the application.
Step 7: Wait for the bank to process and approve your application.
Step 8: Once approved, the credit card will be dispatched to your registered address.
Alternatively, you can also visit any SBI branch to fill out a physical application form and submit the required documents.

SBI Cashback Credit Card Eligibility

Applicants must have a stable source of income and a good credit score to be eligible for the credit card.

Documents Required

  • Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.
SBI Card Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

SBI Card

SBI Card Credit Card Customer Care Number:

1800 425 3800

SBI Card Card Offers:

View Offers

Total Cards:

1,95,86,884
SBI Card Credit Card News
23 Mar 2024, Saturday
1. SBI Card and Titan Team Up to Launch Exclusive Shopping Credit Card - Titan SBI Card

SBI Cards and Titan have joined forces to introduce the Titan SBI Card, a co-branded credit card aimed at fulfilling customers' aspirations for premium shopping. This card offers a variety of benefits, including:

  • Lucrative cashback: Cardholders can enjoy a generous 7.5% cashback on purchases at Titan stores (watches, Taneira, Titan EyePlus, and other non-jewellery brands) and 5% cashback at partner stores (Mia, Caratlane, and Zoya).
  • Annual benefits exceeding Rs 2 lakh: The Titan SBI Card promises rewards worth over ?2,00,000 annually through cashbacks, gift vouchers, and reward points (specific details not mentioned in the sources reviewed).
04 Mar 2024, Monday
2. SBI Card changes reward program, ends rent points and physical DreamFolks Cards.

SBI Card is making changes to its credit card program starting 1 April, 2024. These changes include:

  • No more reward points for paying rent with many of their cards.
  • They will no longer issue physical cards for DreamFolks memberships.
  • They are updating their minimum payment calculation method to be more transparent and fair.

Here's some of the list of affected Credit Cards:

30 Oct 2023, Monday
3. State Bank of India Card (SBI Card) has announced its plans to introduce a fresh array of shopping credit cards in partnership with Reliance Industries.

According to reports, the upcoming credit card offering from Mukesh Ambani, Asia's richest man, is expected to be named 'Reliance SBI Card'. The new credit card is set to provide customers with a host of "exclusive" benefits that are designed to enhance their shopping experience.

It is launching two credit cards in collaboration with Reliance. The first one is called Reliance SBI Card and has a joining fee of Rs. 499. It offers basics such as discounts on shopping with Reliance Brands. The second one is called Reliance SBI Card Prime and has a joining fee of Rs. 2999. It offers more benefits such as complimentary lounge access along with discounts on Reliance Brands. SBI Card will release more information about these cards when they are launched officially.

15 Oct 2023, Sunday
4. Earn Rs. 250 Amazon voucher when you connect your SBI RuPay credit card to UPI.

As part of this program, SBI RuPay credit cardholders have the opportunity to link their card with their preferred UPI app and make transactions of at least Rs 100 during the offer period, which runs from October 12, 2023, to November 11, 2023. Upon meeting this requirement, they will receive a Rs 250 Amazon Discount E-voucher that can be used for either a 3-month or 12-month Amazon Prime membership.
Each cardholder is entitled to receive only one voucher, which will be sent via email to their registered email address on or before December 31, 2023.
The E-vouchers are valid until April 30, 2024, and can be used to extend Amazon Prime memberships by up to 12 months, with a limit of one extension per customer. 

22 Apr 2023, Saturday
5. SBI beats peers in new cards added for February

SBI and Axis Bank are leading the credit card market in terms of new cards added for the month of February. Axis Bank, with the new found customer base of Citi Bank showed a growth of 11.7%. In terms of new customers, the number stood at 2,00,000 new cards issued.

SBI on the other hand, singlehandedly lead the race with a growth of 19.8% for the same period, adding 3,00,000 new cards issued by the legacy bank.

The two leaders were followed by ICICI Bank, and Kotak Mahindra Bank with 80,000 additions. HDFC Bank trailed the top 5 list with only 60,000 cards added to its existing numbers.

11 Apr 2023, Tuesday
6. SBI Card revises cashback benefits on service

Starting 1st May 2023, SBI will revise some of its cashback and discount services. Under the revision, the domestic airport lounge services will be discontinued. Apart from these, cashback on services like jewellery, school and educational services, utilities, insurance services cards, member financial institution/quasi cash, and railways and others will also be axed. The bank will also be setting a limit on cashback that can be availed through online and offline transactions to Rs 5,000 per statement cycle. These changes come after SBI cards recorded the highest new card issuances at 3,00,000 in February. Yet, SBI also experienced a 7% month-on-month reduction in credit card spending.

SBI Cashback Customer Reviews

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Frequently Asked Questions

You can use your SBI Cashback Credit Card at any merchant outlet or online platform that accepts VISA cards. The Card is widely accepted, both nationally and internationally.

The current rate of finance charges is up to 3.50% per month [42% per annum] from the transaction date and is subject to change at the discretion of SBI Cards.

No, there are no complimentary airport lounge access or travel benefits available on SBI Cashback Credit Card.

The annual fee for an SBI Cashback Credit Card is Rs 999, but it can be reversed if the annual spends for the last year is more than or equal to Rs 2,00,000.

The SBI Cashback Credit Card offers a number of benefits, including:

5% cashback on online purchases: You can earn 5% cashback on all online purchases, with no merchant restrictions. This means that you can earn cashback on any online purchase, regardless of the merchant or brand.
1% cashback on offline purchases: You can also earn 1% cashback on offline purchases. This can help you save money on your everyday expenses.
No merchant restrictions: There are no merchant restrictions on the SBI Cashback Credit Card. This means that you can use the card to earn cashback at any merchant, regardless of the brand or category.

SBI Cashback Credit Card is a cashback rewards card that lets you earn cashback on all your everyday expenses.

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