SBI Cashback Credit Card
The SBI Cashback Credit Card offers attractive 5% cashback on all online spends and 1% on offline transactions, making it the perfect card for frequent online shoppers and everyday spenders seeking maximum savings with easy fee waiver options.
Apply Now ❯| Feature | Details |
|---|---|
| Bank / Issuer | SBI |
| Card Type | Visa |
| Joining Fee | 999 |
| Annual Fee | 999 |
| Fee Waiver Condition | Annual fee waived on spends of ₹2,00,000 or more in the previous year |
| Reward Rates | 5% cashback on all online spends without any merchant restrictions; 1% cashback on all offline spends; fuel surcharge waiver of 1% on fuel transactions between ₹500 and ₹3,000 (max ₹100 per billing cycle); no cashback on fuel payments, merchant EMIs, wallet loads, etc. |
| Interest Rates | 3.75% per month (45% per annum) on unpaid balances |
| Foreign Exchange Markup | Exchange Markup: 3.5% on international transactions |
| Best For | Online Shopping |
Key Features & Benefits
The SBI Cashback Credit Card is designed to maximize savings for everyday shoppers, especially those who frequently shop online. With a compelling 5% cashback on all online purchases, cardholders can enjoy significant savings without having to worry about merchant restrictions or categories. Additionally, the card offers 1% cashback on all offline transactions, allowing users to earn rewards on regular spending as well. A fuel surcharge waiver of 1% on fuel transactions between ₹500 and ₹3,000 further adds to the cost-saving perks, although fuel payments themselves do not earn cashback.
This card is ideal for digital-savvy users who want hassle-free cashback on both online and offline spends, including utility bill payments. It rewards consistent spending by waiving the annual fee if cardholders spend ₹2,00,000 or more annually, which appeals to regular users focused on saving costs. With competitive interest rates and no complimentary lounge access, this card targets practical consumers looking for straightforward cashback benefits without extra lifestyle perks. The SBI Cashback Credit Card also provides standard protections like fraud liability cover and secure transactions, making it a balanced choice for individuals seeking value, simplicity, and security in their credit card.
All You Need to Know About: SBI Cashback Credit Card
The SBI Cashback Credit Card is a Visa credit card issued by State Bank of India, offering a strong cashback program tailored for online and offline spenders. It carries a joining fee and annual renewal fee of ₹999, which is waived if the cardholder spends ₹2,00,000 or more in the previous year. The card provides a 5% cashback on all online purchases, making it highly beneficial for frequent online shoppers. Offline transactions earn 1% cashback, while fuel transactions between ₹500 and ₹3,000 enjoy a 1% fuel surcharge waiver, capped at ₹100 per billing cycle. However, cashback is not applicable on fuel payments, EMI payments, or wallet loading transactions.
Interest on unpaid dues is charged at 3.75% per month (45% per annum), along with a 3.5% foreign exchange markup on international spends. Late payment fees and other standard charges such as overlimit fees, cash advance fees, and replacement card fees apply. The card does not offer complimentary airport lounge access, focusing instead on straightforward cashback and savings on everyday expenses.
Ideal for salaried professionals, millennials, and regular spenders, the SBI Cashback Credit Card suits those who prefer easy-to-understand rewards without the complexity of multiple categories or premium lifestyle benefits. It offers standard security features, including fraud protection and secure payment methods, ensuring a safe experience for users.
Applying is straightforward through the SBI Card website or via the YONO app, where applicants complete their details and submit documents for verification. The card combines meaningful cashback benefits with transparent fees, making it a solid choice for consumers looking to maximize returns on everyday spending while controlling costs.
Pros & Cons
Pros
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High 5% cashback on all online purchases with no category restrictions.
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1% cashback on offline spends and fuel surcharge waiver on select transactions.
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Annual fee waiver on spends of ₹2,00,000 or more, making it cost-effective for regular users.
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Secure transactions with standard fraud protection.
Cons
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oining and renewal fee of ₹999 may be high for occasional users.
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No complimentary airport lounge access or premium lifestyle perks.
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Foreign exchange markup fee is 3.5%, relatively high for international spends.
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Cashback not applicable on fuel payments, EMI payments, and wallet loading.
How to Apply
How to Apply for SBI Cashback Credit Card:
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Visit the official SBI Card website or use the SBI YONO mobile app.
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Navigate to the ‘Credit Cards’ section and select the SBI Cashback Credit Card.
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Click on ‘Apply Now’ and fill in your personal, professional, and KYC details in the application form.
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Submit the form and documents for verification; once approved, the card will be delivered to your registered address within 7-10 business days.
Detailed Fee Structure
The SBI Cashback Credit Card has a joining fee and annual renewal fee of ₹999 plus applicable taxes. The annual fee is waived if the cardholder’s spending in the previous year exceeds ₹2,00,000. Interest charges on unpaid balances are 3.75% per month (45% per annum), applied from the transaction date. Late payment fees vary based on the outstanding amount and can range up to ₹1,300. The card also offers a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, with a maximum waiver of ₹100 per billing cycle. There is a foreign exchange markup fee of 3.5% on international transactions. Additional charges include cash advance fees, overlimit fees, and replacement card fees, ensuring transparency in all costs associated with card usage. These fees make the card suitable for regular spenders looking for cashback while acknowledging costs for delayed payments or special services.
Who Should Get This Card?
The SBI Cashback Credit Card is best suited for frequent online shoppers and everyday spenders looking to maximize savings through cashback rewards. It’s ideal for users who prefer straightforward cashback on online purchases and want to benefit from a fuel surcharge waiver. The card appeals to salaried professionals and millennials who have a moderate to high monthly spending pattern and seek value without the complexity of reward categories. It’s also beneficial for individuals who spend regularly on utility bills and everyday essentials, aiming for fee waivers through consistent usage.
Alternatives & Competitor Comparison
| Feature | SBI Cashback Credit Card | Axis Bank My Zone Credit Card |
|---|---|---|
| Card Image | |  |
| Card Network | Visa | Mastercard, RuPay, Visa |
| USP | The SBI cashback Credit Card offers attractive 5% cashback on all online spends and 1% on offline transactions, making it the perfect card for frequent online shoppers and everyday spenders seeking maximum savings with easy fee waiver options. | Axis Bank My Zone Credit Card is designed for lifestyle-savvy users who want maximum savings on dining, streaming subscriptions, bill payments, and online orders. Enjoy exclusive cashback offers, reward points on everyday spends, and hassle-free UPI transactions, making it a smart choice for millennials and frequent spenders seeking convenience and value. |
| Annual Fee | 999 | 500 Lifetime free for select channels |
| Joining Fee | 999 | 500 Lifetime free for select channels |
| Welcome Benefits | N/A | Complimentary SonyLiv Premium annual subscription worth ₹1,499 on your first card transaction within 30 days of issuance |
| Lounge Access | N/A | Domestic: 1 per quarter On spends of ₹50,000+ in the last 3 months |
| Reward Rate | 5% cashback on all online spends without any merchant restrictions; 1% cashback on all offline spends; fuel surcharge waiver of 1% on fuel transactions between ₹500 and ₹3,000 (max ₹100 per billing cycle); no cashback on fuel payments, merchant EMIs, wallet loads, etc. | Earn 4 EDGE reward points for every ₹200 spent (reward rate ~0.4%). |
| Interest Rate | 3.75% per month (45% per annum) on unpaid balances | 3.75% per month (equivalent to approx. 46.78% per annum) on unpaid amounts and cash advances. |
| Best For | Online Shopping | Food Ordering, Movies |
| Apply Now | Apply Now | Apply Now |
Frequently Asked Questions
What cashback benefits does the SBI Cashback Credit Card offer?
The SBI Cashback Credit Card provides 5% cashback on all online spends and 1% cashback on offline transactions, helping cardholders save on everyday purchases.
Is there an annual fee for the SBI Cashback Credit Card?
Yes, the card carries an annual fee of ₹999, which can be waived if your annual spending exceeds ₹2,00,000.
Does the SBI Cashback Credit Card offer any fuel surcharge waiver?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, up to ₹100 per billing cycle.
What interest rates apply to the SBI Cashback Credit Card?
The SBI Cashback Credit Card charges an interest rate of 3.75% per month (45% per annum) on unpaid amounts.
Can I use the SBI Cashback Credit Card internationally?
Yes, but international transactions incur a foreign exchange markup fee of 3.5%, making it less ideal for frequent overseas use.
Final Verdict
Is the SBI Cashback Credit Card right for you? If you’re an online shopping enthusiast or a regular spender looking to earn straightforward cashback rewards, this card offers excellent value with 5% cashback on online purchases and additional savings on fuel. Its fee waiver on annual spends makes it cost-effective for consistent users. However, if you prefer premium lifestyle perks like lounge access or lower foreign exchange fees, this card may not meet those needs. For hassle-free cashback and practical benefits on everyday spending, consider applying for the SBI Cashback Credit Card today and start maximizing your savings.
