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.
Overall I would like to give this card a solid 4/5.
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:
- Axis Bank Ace Credit Card: Offers cool cashback on utility bills and partner merchants like Ola, Zomato, and more.
- HDFC Bank Millennia Credit Card: Perfect for the younger crowd, with cashback on fitness, entertainment, and dining.
- 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.