SBI Cashback Credit Card
The SBI Cashback Credit Card is a popular credit card offered by SBI Card, designed mainly for people who shop online. It gives cashback on everyday purchases, especially online transactions, making it a useful card for regular online shoppers. With easy cashback benefits and a simple rewards system, this card is aimed at customers who want to save money on their spending without dealing with complicated reward points or categories.
About SBI Cashback Credit Card
- You can apply for up to 3 Add-on cards at no additional cost against every primary card
- 5% Cashback on Online spends (capped at Rs 5000 per month combined for both Online & Offline spends)
- 1% Cashback on Offline Spends
- 1% Fuel Surcharge waiver up to Rs.100 per statement cycle applicable on transactions between Rs. 500 – Rs. 3000
Fees
- Joining Fee (one time): Rs. 999
- Renewal Fee (per annum): Rs. 999 from second year onwards. Renewal Fee reversed if annual spends for last year >= Rs. 2,00,000.
- Add-on Fee (per annum): NIL
Hassle free
- Card Cashback will be auto-credited to your SBI Card account within two days of your next statement generation. For details, please see Cardholders T&C
Spend Based Reversal
- Reversal of Renewal Fee on annual spends of Rs.2 Lakhs
Fuel Surcharge Waiver
- 1% Fuel Surcharge Waiver across all petrol pumps in India
- applicable on transactions of Rs. 500 – Rs. 3,000, exclusive of GST and other charges. Get maximum surcharge waiver of Rs. 100 per statement cycle per credit card account
Contactless Advantage
- Daily purchases now made easy with CASHBACK SBI Card. Simply tap your card at a secure reader to transact
- Fast & convenient: No need to hand over your card or look for cash / coins for everyday small ticket purchases
- Security: The card never leaves your hand during a Contactless transaction, significantly reducing the risk of card loss and fraud due to skimming (counterfeit). Even if the card is tapped multiple times at the reader, the unique security key feature of VISA PayWave will ensure that only one transaction goes through, thus making it more secure
Worldwide Acceptance
- You can use your CASHBACK SBI Card in over 24 million outlets across the globe, including 3,25,000 outlets in India
- Use your card to make payments at any outlet that accepts VISA
Add-on Cards
- With CASHBACK SBI Card, you can empower your family with add-on cardsfor your parents, spouse, children or siblings above the age of 18
Cash on the Go
- Withdraw cash from over 1 million VISA across the globe
Utility Bill Payment Facility
- Pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility on your CASHBACK SBI Card
Balance Transfer on EMI
- Save money while paying your credit card dues.
- Transfer the outstanding balance of other banks’ credit cards to your CASHBACK SBI Card, and avail a lower rate of interest and pay back in EMIs
Pros
- Cashback is automatically added to your account within 2 days after your statement is generated.
- Enjoy 5% cashback on all online purchases, with no merchant restrictions.
- Use the contactless feature for quick payments on small purchases.
- Visa PayWave enables only one transaction even if you tap multiple times.
- Your card is accepted at over 24 million outlets worldwide.
- The ₹999 renewal fee is waived if you spend ₹2 lakh or more in a year.
Cons
- No complimentary airport lounge access.
- Cashback is not available for the following categories: Education, Fuel, Jewelry, Insurance, Rent, Utilities, and Wallets.
- There are no welcome benefits or introductory offers with this card.
Conclusion
The SBI Cashback Credit Card is great for people who shop online a lot. You can save good money through cashback, and it’s simple to use. But if you spend a lot on bills, rent, or other excluded things, it’s not the best choice.
If you mostly shop online, this card is definitely worth getting.
Eligibility Criteria
- Employment Status: Salaried or Self-employed
- Income: Rs 30,000 per month
- Required Age: 21-65 years
- Credit Score – 650+
- New to credit – Only for Salaried
- No delay payments in last 12 months
Documents Needed
- ID Proof: PAN Card/Form 60
- Address Proof: Aadhaar, Passport, or utility bills
- Income Proof: Bank statements or salary slips
- Photograph: Recent passport-sized photo
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.
