Cashback SBI Credit Card
Fees
₹999 + Taxes
Joining & annual
Reward Rate
5% cashback on online spends, capped ₹2,000/statement cycle; 1% cashback on offline spends, capped ₹2,000/statement cycle (revised 1 Apr 2026, previously combined ₹5,000/cycle); excludes gaming, toll, government and other standard-excluded transactions
Welcome Bonus
Auto-credited statement cashback on online and offline transactions
Lounge
No Lounge Access
Our Expert Take
Cashback SBI Card does exactly what its name promises: a flat 5% cashback on online spends with no category restrictions to track, credited automatically as a statement credit. The ₹4,000 monthly cap is generous compared to most flat-cashback cards, and the fee waives itself once you cross ₹2 lakh in annual spend.
Reward limits
Checked 27 Sep 2026 · Bank terms
-
5% on online spends
Max ₹2,000 per statement cycle
Reached after about ₹40,000 of spend
-
1% on offline spends
Max ₹2,000 per statement cycle
Reached after about ₹2,00,000 of spend
No rewards on: Utilities, telecom (MCC 4814), DTH, insurance, jewellery, education, railways, gift/novelty shops, quasi-cash, gaming, tolls, government, fuel, rent, wallet, Merchant EMI/Flexipay
Where this card earns most
Paying directly in the app or site · 1% on other spends
Pros & Cons
Key Advantages
- Flat 5% cashback on eligible online purchases across e-commerce platforms
- 1% cashback on offline retail transactions
- Auto-credited statement balance cashback without manual redemption steps or fees
- Cashback auto-credited to statement, no manual redemption needed
- Annual renewal fee waived on reaching ₹2 Lakh in annual spends
Limitations
- Excludes utility, insurance, rent, wallet, fuel, jewelry, school fee, digital gaming, toll and government transactions from cashback (gaming/toll/government added April 2026)
- Does not offer instant merchant bank discounts during major e-commerce sales
- Airport lounge access and travel perks are excluded from the card portfolio
Key Perks & Spending Milestones
5% cashback on eligible online purchases (capped at ₹2,000 per statement cycle)
1% cashback on all eligible offline retail purchases (capped at ₹2,000 per statement cycle)
Automatic cashback statement credit within 2 days of statement generation
1% fuel surcharge waiver valid across all petrol pumps in India for transactions between ₹500 and ₹3,000 (capped at ₹100 per statement cycle)
Contactless TAP & PAY enabled for transactions up to ₹5,000 without entering a PIN
Spend milestone
Annual renewal fee waived for the subsequent year upon reaching ₹2 Lakhs in annual net spends
Fees & Charges
Joining fee
₹999 + Taxes
Annual fee
₹999 + Taxes
Annual fee waived on ₹2 Lakh annual retail spends
Interest rate
Up to 3.75% per month (45% per annum)
Late payment fee
Nil up to ₹100; ₹100 for ₹101-₹500; ₹500 for ₹501-₹1,000; ₹750 for ₹1,001-₹10,000; ₹950 for ₹10,001-₹25,000; ₹1,100 for ₹25,001-₹50,000; ₹1,300 above ₹50,000
Insurance & Protection Benefits
Eligibility Criteria
salaried minimum income
₹20,000 per month
self employed ITR
₹3 Lakh per annum
age
21 to 60 years
Credit score & income
Good (700+)
Frequently Asked Questions
Did the SBI Cashback Card's cashback cap change recently?
What spends are excluded from cashback on this card?
Does SBI Cashback Card offer lounge access?
How is the ₹999 annual fee waived on SBI Cashback Card?
Compare Cashback SBI Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| Cashback SBI Credit Card This Card | ₹999 + Taxes | 5% cashback on online spends, capped ₹2,000/statement cycle; 1%... | No Lounge Access | 4.7/5 |
| KIWI UPI RuPay Credit Card | Free | Up to 5% cashback on UPI spends via Kiwi Neon program (1.5% base... | Domestic (Neon Spend Milestones) | 4.7/5 |
| Axis Bank ACE Credit Card | ₹499 + Taxes | 5% cashback on Google Pay utilities; 4% on Swiggy, Zomato & Ola;... | 4 Domestic/yr | 4.6/5 |
| ICICI Amazon Pay Credit Card | Free | 5% on Amazon (Prime members); 3% (non-Prime); 2% on Amazon Pay... | No Lounge Access | 4.5/5 |