Introducing the Cashback SBI Card, a recent addition to the SBI Card lineup. True to its name, this credit card offers enticing cashback rewards on every transaction. It stands out for its simplicity, no need to track points or navigate redemption processes. The annual fee is ₹999, but spending ₹2 lacs or more in the preceding year grants a waiver.
Enjoy the perks of earning up to 5% cashback on all online and offline purchases effortlessly. The cashback is conveniently credited directly to your account. Furthermore, the card comes with additional benefits like a fuel surcharge waiver. Delve into our comprehensive Cashback SBI Card review to explore its myriad features and advantages.
The primary cardholder must be aged between 21 and 65 years. A stable and verifiable source of income is required. A favourable credit history is essential for the applicant.
Cashback is not applicable for the following transactions — rent payments, wallet reloads, merchant EMIs, jewellery purchases, school/education fees, utility/insurance payments, gift cards/vouchers, and train tickets.
The cashback limit is set at ₹5000 per month/billing cycle. Once this threshold is reached, whether through online or offline purchases combined, no further cashback will be accrued on additional spending.
Cashback earned on the card will automatically reflect in your SBI Card account within two days of your next statement generation.
No lounge access.
Fuel surcharge waiver: Enjoy a 1% surcharge waiver on transactions ranging from ₹500 to ₹3,000, with a maximum waiver capped at ₹100 per statement cycle.
Foreign currency markup: The markup stands at 3.5% plus GST, approximately 4.13%.
Interest rates: A monthly interest rate of 3.5%, equivalent to an annual
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