The Cashback SBI Credit Card is a widely popular credit card from SBI Card, designed to provide straightforward cashback rewards on every purchase. This card simplifies the rewards process, eliminating the need to track points or navigate a complex redemption system. It comes with an annual fee of Rs. 999, which can be waived if you spend Rs. 2 Lakhs or more in the previous year.
Cardholders can enjoy up to 5% cashback on all online purchases and 1% cashback on offline transactions. The cashback is automatically credited to your account, making it hassle-free. Additionally, the card offers other perks, such as a fuel surcharge waiver, making it an excellent option for those new to credit cards. To learn more about its features and benefits, check out our comprehensive review of the SBI Cashback Card.
Overview
| Feature | Details |
|---|---|
| Card Type | Cashback Credit Card |
| Reward Rate | 5% cashback on online transactions, 1% on other spends |
| Reward Value | Direct cashback credited to the account |
| Annual Fee | ₹999 + GST (waived on spending ₹1,00,000 annually) |
| Unique Selling Points | High cashback on online purchases, easy redemption, fuel surcharge waiver |
| Rating (out of 5) | 4.5 |
Cashback SBI Credit Card Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Cashback Offer | ₹500 cashback on spending ₹3,000 in the first 30 days |
Cashback SBI Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | ₹999 + GST |
| Renewal Fee | ₹999 + GST (waived on spending ₹1,00,000 annually) |
| Finance Charges | 3.5% per month (42% per annum) |
| Late Payment Fee | ₹400 to ₹1,300 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Cashback SBI Credit Card Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹500 to ₹3,000.
- Interest-Free Credit: Up to 50 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Rewards
| Spend Category | Reward Rate |
|---|---|
| Online Spends | 5% cashback |
| Utility Bill Payments | 1% cashback |
| All Other Spends | 1% cashback |
| Reward Value | Direct cashback credited to the account |
| Rewards Expire in | Never |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹1,00,000 | Annual fee waiver |
Redemption
Cashback earned is automatically credited to the cardholder’s account and can be used to offset the statement balance.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Cleartrip |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Not available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Cashback SBI Credit Card Eligibility
To apply for the Cashback SBI Credit Card, applicants must meet the following criteria:
- Age: 18 to 65 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
Cashback SBI Credit Card Review
The Cashback SBI Credit Card is an excellent choice for individuals seeking a straightforward cashback card with high returns on online purchases and everyday spending. With a 5% cashback rate on online transactions and 1% on all other spends, this card offers significant savings potential. The annual fee is manageable, especially with the spending waiver option, making this card cost-effective for regular users. The automatic cashback credit to the account simplifies rewards redemption, making it convenient for cardholders to benefit from their purchases.
Overall Rating: 4.5
- Benefits: 4.6
- Fees: 4.4
- Customer Service: 4.3
Pros and Cons
| Pros | Cons |
|---|---|
| High cashback rates on online transactions. | No airport lounge access. |
| Annual fee waiver on meeting spend criteria. | High foreign transaction fee. |
| Fuel surcharge waiver. | Limited travel benefits. |
Similar Cards to Cashback SBI Credit Card
| Feature | Cashback SBI Credit Card | Flipkart Axis Bank Credit Card | Amazon Pay ICICI Credit Card |
|---|---|---|---|
| Annual Fee | ₹999 + GST | ₹500 + GST | None |
| Lounge Access | Not available | Not available | Not available |
| Reward Rate | Up to 5% cashback | Up to 5% cashback | 5% on Amazon spends |
| Reward Value | Direct cashback credited to account | Direct cashback credited to account | Direct cashback credited to Amazon Pay |
| Special Benefits | High cashback, fuel surcharge waiver | High cashback, fuel surcharge waiver | High rewards on Amazon |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about SBI credit cards and other financial products, you can visit the official SBI Card website.
FAQ
What is the annual fee for the Cashback SBI Credit Card?
The annual fee is ₹999 + GST, which is waived upon spending ₹1,00,000 annually.
How can I earn cashback with the Cashback SBI Credit Card?
You can earn 5% cashback on online transactions and 1% cashback on all other spends.
How is the cashback credited for the Cashback SBI Credit Card?
Cashback is automatically credited to your card account and can be used to offset your statement balance.
Does the Cashback SBI Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹500 to ₹3,000.
What are the milestone benefits of the Cashback SBI Credit Card?
The card offers an annual fee waiver upon spending ₹1,00,000 in a year.
Is the Cashback SBI Credit Card worth it for cashback seekers?
Absolutely. With high cashback rates, annual fee waiver, and fuel surcharge waiver, this card provides excellent value for those looking to maximize cashback on their daily spends.
