All about SBI Cashback Credit Card

SBI Cashback Credit Card is a newly launched credit card. As the name suggests it offers cashback on every transaction made with the card. With this card, you can earn up to 5 % cashback on all online and offline purchases. Besides this, cardholders will get numerous amount of complimentary benefits like complimentary access to domestic airport lounges.

Highlights of SBI Cashback Credit Card 

Joining Charges 0
Annual Charges INR 999
Suitability Online Shopping and Cashback
Rewards 5% cashback on online spends

Cash Back SBI Card Fees and Charges 

Joining Charges 0
Finance 42% p.a.
Annual Charges INR 999
Late Payment Charges
  • From INR 500 to INR 1,000: INR 400.
  • From INR 1,000 to INR 10,000: INR 750.
  • From INR 10,000 to INR 25,000: INR 950.
  • INR 1,100 for amounts ranging from INR 25,000 to INR 50,000.
  • Amounts greater than INR 50,000: INR 1,300.

SBI Cashback Credit Card Features and Benefits – 

SBI Cashback credit card has the following features –

  1. For the first year, you can use all the benefits for free. However, at the beginning of the second year, you are supposed to pay annual fees of INR 999 which will also be waived if you spend INR 2 lac in the first year.
  2. On transactions between INR 500 to INR 3,000 the cardholder will get a 1 % surcharge waiver on fuel that is applicable over all fuel stations. The maximum waiver will be INR 100.
  3. The card is widely accepted all over the world, with around 24 million locations around the world, including 3.24 lakhs in India.
  4. 5 % cash back on all online transactions. With no merchant, restrictions are there.
  5. You can pay your electricity, mobile, and other utility bills by using a SBI Cashback credit card.
  6. You can get 1% cash back on offline purchases and utility bill payments. Rent payments, merchant EMIs, balance transfers, Flexi pay, wallet loads, encash, and cash advances are not eligible for cashback.
  7. You can transfer outstanding credit card debts from other banks to your credit card for repayment of EMI at lower interest rates.
  8. You can increase the value of your card by purchasing add-on cards for parents, spouses, children, or siblings over 18 years of age.
  9. You will get 4 free domestic airport lounge access per year.

Eligibility Criteria for Availing of SBI Cashback Credit 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


No cashback will be provided for Rent, Fuel, Wallet Loads, EMIs, Cash Advances, Balance Transfers, and Encash & Flexi pay spends. Also, transactions below INR 100 will not accrue any cashback.

The maximum cashback that can be earned on online transactions (5% cashback) and offline transactions (1% cashback) is capped at INR 5,000 every month.

The following spend categories are not eligible for Cashback –

  • Jewelry
  • School and Educational services
  • Insurance Services
  • Utilities
  • Railways
  • Card, Gift, Novelty & Souvenir Shops
  • Quasi Cash/Member Financial Institution

Cash Back Calculation –

With the SBI cashback card, you will not get the entire 5% cashback on your online spending. First, there is 1% cashback calculated on the expenditure, and then the remaining bonus 4% cashback is calculated.

For example, if you spent INR 3000 with the card and it is eligible to get the 5% cashback, then

  • 1% of INR 3000 = INR 30
  • 4% of INR 3000 = INR 120

The total cashback received by you will be INR 150.

Also, there is a maximum capping of INR 5000 on cashback per month including both online and offline transactions.

Value back Comparison: Cash Back SBI Card Vs Axis Ace

Transaction Amount Cashback SBI Card Axis Ace
Spends on Big Basket INR 7,000 INR 350 INR 140
Electricity Bill Payment via Google Pay INR 4,000 INR 0 INR 200
Apparel Purchase on Myntra INR 3,500 INR 175 INR 70
Fuel Spends INR 5,000 INR 0 INR 0
Food Ordering via Zomato INR 2,000 INR 100 INR 80
Spends at Ola Cabs INR 3,000 INR 150 INR 120
Spends on FirstCry INR 4,000 INR 200 INR 80
Spends at Uber INR 2,000 INR 100 INR 40
Flight booking via MakeMyTrip INR 8,000 INR 400 INR 160
Hotel Booking via Cleartrip INR 6,500 INR 325 INR 130
Misc. Offline Spends INR 5,000 INR 50 INR 100
Total INR 50,000 INR 1,850 INR 1,120

Documents Required

Before clicking on the SBI Credit Card Apply button, an applicant must know the documents required for the same which are as mentioned below:

  • 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.

How to apply for SBI Cash Back Credit Card 

To receive a credit card you can use the offline or online process. To apply offline, you have to visit the nearest bank branch and fill out the application form and submit it. But for the online process, you have to follow the following steps –

Step 1: Visit the official website or portal of the State Bank of India Bank.

Step 2: You have to go to the Credit Cards section.

Step 3: You have to search for and choose the SBI Cashback Card.

Step 4: Then you have to hit the ‘Apply Now’ button.

Step 5: Then at the end, you have to 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.


Other SBI Credit Cards 

I Elite Credit Card BPCL SBI Card Simply CLICK SBI Credit Card SBI Prime Credit Card
SBI Shaurya Credit Card SBI SimplySave Credit Card