SBI Cashback Credit Card: From Eligibility Criteria to Features & Benefits

arjungoyal12

KF Mentor
SBI Cashback Card is like a money-saving friend that makes every swipe of your card count. This card offered by SBI Cards, as the name suggests, offers cashback on every purchase. Tracking and redeeming points is a simple process.

Let's analyze the important points​

Features and Benefits of SBI Cashback Credit Card​

Cashback Magic​

  • Get up to 5% cashback on online spending.
  • Enjoy 1% cash back on offline purchases.
  • Your cashback is automatically credited to your account with no extra steps.

Annual Charges:​

  • There's an annual fee of Rs. 999, but here's the cool part – spend Rs. 2 Lakhs or more in the previous year, and it's waived!

Maximum Cashback:​

  • You can earn a maximum of Rs. 5,000 cashback in a single statement cycle. Sweet deal!

Fuel Surcharge Waiver:​

  • Say goodbye to some fuel charges! Get a 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000 at petrol pumps.

Redemption:​

  • Your earned cash back is like a gift that keeps giving – automatically credited to your next month's statement.

Extra Perks:​

  • Get up to 2 add-on cards for your loved ones for free.
  • Quick and easy payments for transactions below Rs. 5,000 with contactless technology.

Cashback Calculation Made Simple:​

You spend Rs. 90,000 online (eligible for 5% cashback) and Rs. 60,000 offline (eligible for 1% cashback).
  • Online cashback: 5% of Rs. 90,000 = Rs. 4,500
  • Offline cashback: 1% of Rs. 60,000 = Rs. 600
  • Even though the total is Rs. 5,100, you get Rs. 5,000 max due to the cashback cap.

Annual Fee Waiver:​

Spend Rs. 2 Lakhs or more in the last year, and you won't have to worry about that Rs. 999 annual fee because then you don’t have to pay it. It's like a reward for using your card and is a very beneficial step.

How to Get SBI Cashback Credit Card?​

You can apply from the SBI website and follow the steps. Or, if you prefer the old-school way, visit your nearby SBI branch and fill in the application form.

Similar Cards to Explore:​

  1. Axis Bank Ace Credit Card: Offers cool cashback on utility bills and partner merchants like Ola, Zomato, and more.
  2. HDFC Bank Millennia Credit Card: Perfect for the younger crowd, with cashback on fitness, entertainment, and dining.
  3. SBI SimplyClick Credit Card: Ideal for beginners, giving rewards on online spending and even a welcome bonus.

Bottomline​

The SBI Cashback Card is your go-to for easy and instant savings. With straightforward cashback rates, fee waivers, and extra perks, it's a great starting point for anyone wanting to make the most out of their purchases. You can give it a go and might see your savings grow.
Overall I would like to give this card a solid 4/5.
 

ShavirB

Founder
Staff member
This is still one of the best beginner credit cards out there. Gives maximum bang for your buck
 

17ysaurabh

KF Mentor
In my opinion, SBI Cashback CC is a great credit card.
But, we should use it only till Rs. 1 lakh to get Rs. 5000 cashback (5% cashback) per month.
 
Last edited:

ShavirB

Founder
Staff member
In my opinion, SBI Cashback CC is a great credit card.
But, we should use it only till Rs. 1 lakh to get Rs. 5000 cashback (5% cashback).
Even if you deduct the joining fees of Rs. 999, it still leaves Rs. 4000.

PS: Using this credit card for over Rs. 2 lakhs to get its annual fees waived doesn't make sense.
Correct, I feel this limit of 1 Lakh per month is quite decent for an average credit card user. Also, this 2 Lakh limit for fees waiver is annual (not monthly) - so even if you make spends worth 20k per month using this card, your fees of 999 will be waived off.
 
SBI Cashback Card is like a money-saving friend that makes every swipe of your card count. This card offered by SBI Cards, as the name suggests, offers cashback on every purchase. Tracking and redeeming points is a simple process.

Let's analyze the important points​

Features and Benefits of SBI Cashback Credit Card​

Cashback Magic​

  • Get up to 5% cashback on online spending.
  • Enjoy 1% cash back on offline purchases.
  • Your cashback is automatically credited to your account with no extra steps.

Annual Charges:​

  • There's an annual fee of Rs. 999, but here's the cool part – spend Rs. 2 Lakhs or more in the previous year, and it's waived!

Maximum Cashback:​

  • You can earn a maximum of Rs. 5,000 cashback in a single statement cycle. Sweet deal!

Fuel Surcharge Waiver:​

  • Say goodbye to some fuel charges! Get a 1% waiver on fuel transactions between Rs. 500 and Rs. 3,000 at petrol pumps.

Redemption:​

  • Your earned cash back is like a gift that keeps giving – automatically credited to your next month's statement.

Extra Perks:​

  • Get up to 2 add-on cards for your loved ones for free.
  • Quick and easy payments for transactions below Rs. 5,000 with contactless technology.

Cashback Calculation Made Simple:​

You spend Rs. 90,000 online (eligible for 5% cashback) and Rs. 60,000 offline (eligible for 1% cashback).
  • Online cashback: 5% of Rs. 90,000 = Rs. 4,500
  • Offline cashback: 1% of Rs. 60,000 = Rs. 600
  • Even though the total is Rs. 5,100, you get Rs. 5,000 max due to the cashback cap.

Annual Fee Waiver:​

Spend Rs. 2 Lakhs or more in the last year, and you won't have to worry about that Rs. 999 annual fee because then you don’t have to pay it. It's like a reward for using your card and is a very beneficial step.

How to Get SBI Cashback Credit Card?​

You can apply from the SBI website and follow the steps. Or, if you prefer the old-school way, visit your nearby SBI branch and fill in the application form.

Similar Cards to Explore:​

  1. Axis Bank Ace Credit Card: Offers cool cashback on utility bills and partner merchants like Ola, Zomato, and more.
  2. HDFC Bank Millennia Credit Card: Perfect for the younger crowd, with cashback on fitness, entertainment, and dining.
  3. SBI SimplyClick Credit Card: Ideal for beginners, giving rewards on online spending and even a welcome bonus.

Bottomline​

The SBI Cashback Card is your go-to for easy and instant savings. With straightforward cashback rates, fee waivers, and extra perks, it's a great starting point for anyone wanting to make the most out of their purchases. You can give it a go and might see your savings grow.
Overall I would like to give this card a solid 4/5.
I do have a doubt will it give cashback even if I just recharge my amazon wallet using it? Also will it give same cashback on recharge and utility bills?
 
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