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! 👇
Aspects that make spending using this card lit as the sun!
Note: Cashback will be credited to your SBI Card account within 2 days of the next statement generation.
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.
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.
Think of these as small investments to keep your credit card running smoothly.
Joining Fee₹ 999
Annual Fee₹ 999
Annual Percentage Rate42%
Add-on Card FeeFree
Minimum Repayment Amount5%
Cash Withdrawal Fee2.5 %
Cash Advance Limit80%
Card Replacement Fee₹ 100
Foreign Transaction Fee3.5%
Over Limit Penalty2.50%
Fuel Transaction Surcharge1%
Reward Point Value0
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
Aspects that make this credit card amazing.
Aspects this credit card lacks.
Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!
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.
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.
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.
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.
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.