Cashback SBI Credit Card
Fees
₹999 + Taxes
Joining & AnnualReward Rate
5% cashback on online spends; 1% cashback on offline spends
Welcome Bonus
Auto-credited statement cashback on online and offline transactions
Lounge Access
No Lounge Access
FindMyCard 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.
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
- Generous monthly cashback cap of up to ₹4,000 per statement cycle
- Annual renewal fee waived on reaching ₹2 Lakh in annual spends
Limitations
- Excludes utility, insurance, rent, wallet, fuel, jewelry, and school fee spends from cashback
- Does not offer instant merchant bank discounts during major e-commerce sales
- Airport lounge access and travel perks are excluded from the card portfolio
Editorial Verdict
The Cashback SBI Credit Card is ideally suited for online shopping, e-commerce, food delivery & general outlays. If you want 5% cashback on online spends; 1% cashback on offline spends, this card delivers real value. The ₹999 + taxes is easily offset by the card's perks if you use it regularly. You'll generally need Good (700+) credit to be approved.
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
🚀 Milestone Spends Timeline
Annual renewal fee waived for the subsequent year upon reaching ₹2 Lakhs in annual net spends
Fees & Charging Rates
Annual Fee Waivers
₹999 + Taxes
💡 Annual fee waived on ₹2 Lakh annual retail spends
Regular Interest Charges
3.75% per month (45% per annum)
📅 Late Payment Fee Penalty Tiers
| Outstanding Balance Amount | Late Payment Fee Penalty |
|---|---|
| 501 to 1000 | ₹500 |
| 1001 to 5000 | ₹600 |
| 5001 to 10000 | ₹750 |
| 10001 to 25000 | ₹900 |
| 25001 to 50000 | ₹1,100 |
| above 50000 | ₹1,300 |
Insurance & Protection Benefits
Eligibility Criteria
salaried minimum income
₹20,000 per month
self employed ITR
₹3 Lakh per annum
age
21 to 60 years
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; 1% cashback on offline spends | 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 |