SBI Cashback Credit Card
SBI Cashback Credit card provides 5% unrestricted Cashback across online spending make it one of the best cashback credit cards with higher cashback limits and also 1% cashback on offline spending, along with fuel surcharge waiver and lounge access.
We will review this card in detail, from eligibility to benefits and features, pros and cons, limitations, exclusion list and at the end, my verdict on who should apply and who should not, so read this review completely before making any decision.
SBI Cashback Credit Card Features
| Feature | Details |
|---|---|
| Joining Fee | ₹999 + GST (18%) |
| Annual Fee | ₹999 + GST (18%) |
| Fee Waiver | Annual Fee waived on ₹2 Lakh spending (1st Year No Renew Fee) |
| Base Reward Rate | 5% |
| Best Reward Categories | online shopping, offline |
| Monthly Reward Cap | ₹5,000 |
| Forex Markup | 3.5% |
| Lounge Access | 4 Domestic Lounge Access (1 / Quarter) |
SBI Cashback Credit Card Eligibility Criteria
| Criteria | Details |
|---|---|
| Minimum Income | ₹30,000 / month |
| Employment Type | Salaried & Self Employed |
| Age Requirement | 21 - 65 Years |
If you’re eligible for this card, then you can apply. The approval rate for this credit card is currently very good.
SBI Cashback Credit Card Rewards & Benefits
| Reward Type | Details |
|---|---|
| Bonus Categories | Cashback card, SBI Card |
| Reward Structure |
|
| Reward Exclusions | No cashback for Utility, Insurance, Fuel, Rent, Wallet loads, Merchant EMI, Education, Jewelry, Railway, etc. |
Now, this is one of the best and simplest cashback credit cards because of the simple cashback structure. Let’s understand it:-
- 5% Cashback on online spending without any platform-specific restrictions, which is a big positive for this card.
- 1% Cashback on all offline spending
The maximum cashback limit is also as simple as the cashback structure; there is a maximum limit of cashback per month of ₹5,000, which is higher than almost all cashback credit cards.
So, with the SBI cashback credit card, you can save up to ₹60,000 / Year as a cashback if you use the maximum limit per month.
The cashback you received is automatically adjusted in the next month’s credit bill, which also makes this card simple to use and manage cashback.
Apart from cashback, there are some other benefits also:-
- 1% Fuel surcharge waiver on transactions of ₹500-₹3,000 with a maximum of ₹100 per statement cycle (monthly).
- 4 Domestic Lounge access is also included. 1 / Quarter.
How to Apply for SBI Cashback Credit Card
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Check Eligibility
If your monthly income is ₹30,000 or more , your age falls within 21 - 65 Years , and you are a Salaried or Self-Employed applicant , and you meet other basic requirements, you can apply for the SBI Cashback Credit Card by following the steps below.
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Click Apply Now
Click the apply button below to visit the official application page. The process is secure, fully online, and can be completed in just a few minutes.
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Fill Application Form
Enter your personal, employment, and income details accurately as per your official documents.
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Submit Documents
Upload PAN, Aadhaar, address proof, and income proof if requested during the application.
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Approval & Delivery
Once approved, your credit card will be dispatched and delivered to your registered address.
Pros & Cons
Pros
- 5% unrestricted Cashback on online spends. (Great)
- maximum limit is also good (₹5,000/ Month)
- Unlimited 1% Cashback on offline spends.
- Annual Fee waiver on just ₹2 Lakh spend.
- Additionally Lounge Access & Fuel surcharge waiver.
Cons
- No welcome bonus on card.
- a big cashback exclusion list also.
Our Verdict
After discussing everything, the SBI Cashback credit card is one of the best cashback credit cards right now because of its simple cashback structure and flat 5% cashback across platforms that can save Yearly ₹60,000.
Who Should Apply?
If your monthly online spending is up to ₹1 Lakh, then you can get the maximum benefit out of it, no matter how much you spend becasue maximum cashback limit of ₹5,000/ Month will be reached on ₹1 Lakh spent.
If you expend more than a lakh in a month, then you can go for other cards, but in this category, this is the best to apply for and get.
