CASHBACK SBI Card

Cashback SBI Card is a newly launched credit card. The card, as the name implies, is a cashback reward card that offers cash back for every transaction made with the card. 

With this card, you can earn up to 5% cash back on all online and offline purchases. Aside from that, you receive numerous other benefits, such as complimentary access to domestic airport lounges.

sbi cashback credit card.png

Image Source: SBI Official website

Highlights of the SBI Cashback credit card

Joining Charges

0

Annual Charges

Rs. 999

Suitability

Online Shopping and Cashback

Rewards

5% cashback on online spends

SBI Cashback card Features and Benefits

The SBI Cashback Credit Card has the following features and advantages-

  • For the first year, you can use all of the benefits for free. However, beginning with the second year, you will be required to pay an annual/renewal fee of Rs.999, which will be waived if you spend Rs.2 lakh in the previous year.
  • On transactions ranging from Rs.500 to Rs.3,000, enjoy a 1% fuel surcharge waiver across all petrol pumps in India. A billing cycle's maximum surcharge waiver is Rs.100.
  • It is accepted in over 24 million locations worldwide, including 3.25 lakh in India.
  • With no merchant restrictions, earn 5% cashback on all online purchases.
  • Get 1% cash back on offline purchases and utility bill payments. Rent payments, merchant EMIs, balance transfers, flexipay, wallet loads, encash, and cash advances are not eligible for cashback.
  • Pay your mobile, electricity, and other utility bills easily with the 'Easy Bill Pay' feature.
  • Transfer outstanding credit card debts from other banks to your credit card for repayment in EMIs at a lower interest rate.
  • Increase the value of your card by purchasing add-on cards for parents, spouses, children, or siblings over the age of 18.
  • Enjoy four free domestic airport lounge visits per year, with a cap of one visit per quarter.

Cashback SBI Card Fees and Charges

Joining Charges

0

Finance

42% pa

Annual Charges

Rs. 999

Late Payment Charges

  • From Rs. 500 to Rs. 1,000: Rs. 400.
  • From Rs. 1,000 to Rs. 10,000: Rs. 750.
  • From Rs. 10,000 to Rs. 25,000: Rs. 950.
  • Rs. 1,100 for amounts ranging from Rs. 25,000 to Rs. 50,000.
  • Amounts greater than Rs. 50,000: Rs. 1,300.

Eligibility Criteria for the Cashback SBI Card

To be eligible for this credit card, applicants must meet the following fundamental requirements-

Age

21 - 70 Years of age

Occupation

Self-employed and salaried

Credit Score

Above 750

Documents Required

The following documents will be necessary to apply-

  • Driving License, Aadhar Card, PAN Card, voter's Id, and other forms of identification are acceptable.
  • Utility bills, Aadhar cards, driving licenses, passports, and other forms of address proof are acceptable.
  • Income Proof such as the most recent three months' bank statements, salary slips, or the most recent audited ITR.

SBI Cashback Credit Card Apply

If you want to receive this credit card, you can do so using any of the online or offline options.

To apply offline, go to your nearest SBI branch and complete an application form. But, for the online method, follow these steps-

Step 1: You will have to visit the official website or portal of the State Bank of India Bank.

Step 2: Navigate to the Credit Cards section.

Step 3: Search for and choose the SBI Cashback Card.

Step 4: Hit the 'Apply Now' button.

Step 5: Fill in all of the essential information and continue.

Similar Credit Cards

Credit Card Name

Feature

Axis Ace Credit Card

5% cashback on bill payments and recharges made with Google Pay; 2% cashback on all other purchases.

Standard Chartered Smart Credit Card

2% reward on all online purchases.

Amazon Pay ICICI Credit Card

Amazon Prime members receive 5% cashback; non-prime members receive 3% cashback.

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