As the name indicates, the Cashback SBI Card is a cashback reward card that gives you cash back on every purchase you make using the card. You may get up to 5% cash back with this card on all of your offline and online transactions. In addition, you get a ton of extra goodies including free access to domestic airport lounges. To give its clients special cashback benefits, SBI introduced the "Cashback SBI Card." This credit card is among the best for online shopping since it gives you the most value-back on all of your purchases made online.
You can get up to 5% cash back on all online purchases made with this card, as well as 1% cash back on purchases made offline. The cardholder's account is automatically credited with the cashback, and additional benefits like waivers of fuel surcharges are also available. Many people view the SBI Cashback Card as a seasoned credit card, and it's a fantastic option for those just starting out.
Key Highlights of Cashback SBI Card |
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| Best Suited For | Cashback |
| Joining Fee / Renewal Fee | Rs. 999 |
| Card Cashback |
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| Best Features | Card Cashback will be auto-credited to your SBI Card account within two working days of your next statement generation. |
*Terms and conditions apply.
Suggested Read : 10 Best SBI Credit Cards in India
Also read: Best Airport Lounge Access in India
Also read: Best Fuel Credit Cards in India
The fees and charges associated with the Cashback SBI Credit Card are as follows:
| Fee/Charge | Amount/Rate | |
|---|---|---|
| joining Fee | Rs. 999 | |
| Renewal Fee | Rs. 999 (Reversed on reaching annual spends of Rs. 2 Lakh) | |
| Finance Charges | 3.50% per month (42% p.a.) | |
| Cash Advance Fee | 2.5% or Rs.500 (whichever is higher) | |
| Cash Payment Fee | Rs.250 plus taxes | |
| Late Payment Fee* |
For Statement Balance
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| Cheque Payment Fee | Rs.100 | |
| Card Replacement Fee | Rs.100 to Rs.250 (Rs.1,500 for Aurum cardholders) | |
| Rewards Redemption Fee | Rs.99 | |
| Payment Dishonor Fee | 2% of the payment amount (minimum Rs.500) | |
| Overlimit Fee | 2.5 % of the over-limit amount or Rs.600 (whichever is higher) | |
| Add-on Fee | Nil | |
*If you forget to pay the minimum amount due on your credit card for two months in a row, you will be charged an extra Rs. 100. This charge will keep happening until you clear the overdue minimum amount.
Eligibility Criteria for Cashback SBI Card
The following are the minimum requirements to apply for a Cashback SBI Card:
Documents needed to Apply for Cashback SBI Card
The following paperwork is required in order to apply:
The Cashback SBI Card is ideal for people who purchase online for everything—clothing, shoes, accessories, travel, food, groceries, entertainment, and other necessities. For the accelerated earning category, the maximum cashback limit is Rs. 5,000 in a billing cycle. This means that online purchases up to Rs. 1 Lakh per month qualify for the additional profits. All transactions after this monthly cap will earn you 1% cashback.
You can easily compare and apply for SBI Cashback Credit Cards online with MybankingTips. To do this, take the following actions:
If you have previously applied, use any of the following methods to check the status of your SBI Cashback card:
To activate your Cashback SBI credit card or set its PIN, select your preferred method from the list below.
The following easy procedures must be followed in order to register your SBI Cashback Card for online banking:
You can get in touch with SBI Card customer service using the information provided below if you have any questions, concerns, or grievances with your Cashback SBI Credit Card:
There is no cashback available with this card for fuel purchases. However, for transactions between Rs. 500 and Rs. 3,000, you will be exempt from paying the 1% fuel surcharge. There is a cap on the maximum cashback of Rs. 100 every statement cycle.
After the next statement is generated, the cashback will be directly deposited to your SBI Card account within two days.
With no restrictions on merchants, the Cashback SBI Card offers 5% cashback on all online purchases.
For the Cashback SBI Card, there is no joining fee. Once you spend Rs. 2 lakh in the preceding year, you will be exempt from the Rs. 999 annual/renewal cost starting in the second year.
You can receive 1% cashback on offline purchases when you use the Cashback SBI Card.
Yes, you will receive four complimentary trips to domestic airport lounges annually, up to a maximum of one visit per quarter.
Yes, add-on cards are available for parents, spouses, kids, and siblings who are older than eighteen.
Yes, you can use this card to make cash withdrawals. However, it is not advisable to withdraw cash from credit cards because these transactions are not eligible for the interest-free period and will result in significant finance costs. Every time you take out cash, there will be an extra charge for cash advances. Additionally, there won't be any cashback on cash withdrawals.
The SBI Card helpline numbers are 39 02 02 02 (prefix local STD code) or 1860 180 1290.
Yes, the Cashback SBI card allows you to make contactless payments below Rs. 5,000 without having to provide a PIN.
The Cashback SBI Card cannot be used for business reasons; it is a personal card. Both the primary and add-on cardholders' card memberships may be cancelled by SBI if it is discovered that the cardholder is using the card for improper purposes.
Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card:
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