About SBI Cashback Credit Card
The SBI Cashback Credit Card (officially known as the CASHBACK SBI Card) is a popular entry-level cashback card from SBI Card, ideal for frequent online shoppers. It offers straightforward cashback rewards without category restrictions on online purchases, making it an excellent choice in a market crowded with co-branded or niche cards.
Fees and Charges
- Joining Fee: ₹999 + applicable taxes
- Annual Fee: ₹999 + applicable taxes
- Annual Fee Waiver Spends: ₹2,00,000 in the previous membership year
- Add-on Cards: 3 Free add-on cards
- Forex Markup Fee: 3.5%
Welcome and Milestone Benefits
- Welcome Benefits: None
- Milestone Benefits: None (the primary milestone-like benefit is the annual fee waiver on ₹2 lakh spends)
Cashback and Rewards
- Card Type: Cashback
- Card Network: Visa
- Best For: Online shoppers, e-commerce enthusiasts, and those seeking simple, uncapped-by-merchant cashback on digital spends
- Cashback/Rewards on Online Purchases: 5% cashback on all online spends (no merchant restrictions)
- Cashback/Rewards on Offline Purchases: 1% cashback on offline (POS) spends
- Maximum Cashback per Statement Cycle: ₹5,000 (capped across online and offline combined; no further cashback after reaching this in a statement month)
- Rewards Redemption Options: Cashback is auto-credited to your SBI Card account within two working days of the next statement generation (no manual redemption needed; directly reduces outstanding or can be used as a statement credit)
Lounge Access
- Domestic Lounge Access: NA (not offered)
- International Lounge Access: NA (not offered)
This card focuses on cashback rather than travel perks, so no complimentary lounge visits are included.
Category Spend Benefits
- Online Shopping: 5% cashback (across all merchants/platforms)
- Food and Grocery: Covered under general online (5%) or offline (1%); no special boosted rate
- Travel Booking: Covered under general online (5%) if booked digitally; no extra
- Utility Bill Payments: Excluded from cashback
- Fuel: 1% surcharge waiver (up to ₹100/month); no cashback on fuel spends
Excluded Categories
- All excluded categories (no cashback applicable, including on Merchant EMI/Flexipay EMI transactions): Utility, Insurance, Fuel, Rent, Wallet loads, School & Educational Services, Jewelry, Railways, Government-related payments, and other specified categories.
Why Choose SBI Cashback Credit Card?
The SBI Cashback Credit Card stands out for its straightforward 5% cashback on all online purchases, with no merchant, platform, or category restrictions—ideal if you frequently shop on Amazon, Flipkart, Myntra, Swiggy, or any other e-commerce site. The 1% cashback on offline purchases is beneficial for in-store purchases. With a monthly cap of ₹5,000, you can earn up to ₹60,000 in cashback annually (if used consistently). The annual fee waiver of ₹2 lakh effectively makes it free for moderate-to-high spenders. It's simple, rewards are automatically credited, and it works well for digital-first lifestyles that don't require tracking points or vouchers.
Who is eligible for the SBI Cashback Credit Card?
To be eligible for SBI Card products, Indian residents aged 21-60 (salaried) or 21-65 (self-employed) must have a good credit score, a stable income (typically ₹25,000+ monthly for salaried, higher for self-employed), and necessary documents such as PAN, Aadhaar, and income proof. Final approval is subject to SBI Card's credit assessment.
Is the SBI Cashback Credit Card worth applying for?
Yes, especially if you spend a lot of money online (for example, shopping, paying bills through apps, food delivery, and entertainment). It has one of the best flat 5% online cashback rates without merchant limits, as well as an easy fee waiver and rewards that are automatically credited. It is not suitable for travelers (no lounge or forex perks), heavy offline/fuel/utility spenders, or those looking for premium benefits. If your monthly online spending exceeds ₹50,000, you can easily offset the fee and earn significant savings, making it a viable "set-it-and-forget-it" cashback option in 2026.