Looking to earn rewards every time you spend? The SBI Cashback Credit Card might just be your new best friend. Whether you’re an online shopping addict or just someone who enjoys the occasional retail therapy, this card makes sure you get a little something in return—cashback, baby! Let’s dive into everything you need to know about this modern-day money-saving tool.
What is the SBI Cashback Credit Card?
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The SBI Cashback Credit Card is a smart, entry-level credit card offered by State Bank of India. It’s designed to reward your everyday purchases—especially online transactions—with instant cashback. And guess what? You don’t need to jump through hoops to earn rewards. It’s simple, straightforward, and perfect for millennials, students, and even seasoned credit card users.
Why Choose the SBI Cashback Credit Card?
Lets be honest—there are dozens of credit cards out there. So, why this one? Here’s what sets it apart.
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Instant Cashback on Every Spend
Yes, you read that right. No waiting for reward points to mature or convert. With SBI’s Cashback Credit Card, your cashback is credited directly to your account—automatically.
Zero Joining Fee Offer
From time to time, SBI offers limited-period zero joining fee deals. That means you can grab this card with no upfront cost. Sweet deal, right?
Easy Online Management
Use the SBI Card mobile app or website to track expenses, cashback, and manage card settings. It’s super intuitive—even your not-so-tech-savvy uncle can use it!
Key Features at a Glance
Let’s break down the star features that make this card shine:
Cashback on Online Transactions
You can earn 5% cashback on all eligible online spends, capped monthly. Perfect for your Swiggy cravings, Amazon hauls, or Flipkart sprees.
Cashback on Offline Transactions
While online is where the money’s at, you still get 1% cashback on offline purchases, like that spontaneous pizza party or grocery run.
Auto-Credit of Cashback
The cashback isn’t sitting in limbo—it’s credited automatically to your billing statement every month. No redemption process. No expiry.
Global Acceptance
This card works at millions of outlets across the globe—online and offline. Heading abroad? This one tags along.
SBI Cashback Credit Card Fees and Charges
Before you swipe, know the fine print.
Annual Fee
- ₹999 (plus GST), which might be waived on reaching a milestone spend (usually ₹1,00,000/year).
Interest Rates
- Revolving credit interest: 3.5% per month (42% annually).
Other Charges
- Late payment: Ranges from ₹400 to ₹1300 based on outstanding amount.
- Foreign currency markup: 3.5%
- Cash advance fee: 2.5% (minimum ₹500)
Eligibility Criteria
Not everyone gets through the door—but the bar isn’t too high either.
Age & Income
- Applicant must be between 21–60 years
- Must have a stable monthly income
Credit Score Requirements
A CIBIL score of 750+ gives you a better chance of approval, but SBI may consider applicants with a lower score based on internal criteria.
How to Apply for SBI Cashback Credit Card
Online Application Process
- Visit the SBI Card website.
- Navigate to the Cashback Credit Card page.
- Fill out the application form and upload necessary documents.
- Receive approval status within a few working days.
Offline Application via SBI Branch
Not a fan of digital forms? Walk into your nearest SBI branch, speak to an executive, and they’ll assist you with the application process.
Documents Required
- PAN Card
- Aadhaar Card
- Recent passport-size photograph
- Income proof (Salary slip/ITR/Bank statement)
- Address proof
SBI Cashback Redemption Process
The best part? You don’t need to redeem anything manually.
When is Cashback Credited?
Cashback is usually credited in the following month’s statement, so you’ll see it right there—like a discount you never knew you had.
How to Use Earned Cashback
It gets adjusted against your outstanding balance—so basically, your bill gets lighter.
SBI Cashback Credit Card vs Other Cashback Cards
How does it stack up?
Comparison with HDFC Millennia
- SBI gives flat cashback, HDFC offers vouchers and limits.
- SBI has easier tracking—no complex rewards system.
Comparison with ICICI Amazon Pay
- ICICI is great for Amazon loyalists.
- SBI is universal—works across platforms, not limited to Amazon.
Pros and Cons
Advantages
- Simple cashback structure
- Great for online shoppers
- Global usage
- No manual redemption
Limitations
- No rewards on fuel, wallet loads, or EMI purchases
- Cashback capping applies
- Annual fee unless waived
Tips to Maximize Cashback
- Use for all online payments—OTT bills, food delivery, shopping
- Avoid fuel and wallet transactions (no cashback)
- Try to hit ₹1,00,000 annually to waive off the renewal fee
Common Mistakes to Avoid
- Don’t assume all spends earn cashback—read the exclusions
- Missing payments = losing cashback benefits
- Keep an eye on monthly caps
Is the SBI Cashback Credit Card Worth It?
If you shop online regularly, this card pays for itself in no time. The cashback model is transparent, automated, and easy to understand. For those who prefer simplicity over complex reward catalogs, it’s a solid choice.
Final Thoughts
The SBI Cashback Credit Card is a no-nonsense card built for the modern-day Indian spender. It strips away the fluff and gives you exactly what you want—money back in your pocket. If you’re tired of tracking complicated reward points, this card will feel like a breath of fresh air. Use it wisely, pay on time, and watch your purchases quietly pay you back. Sounds like a win-win, right?
FAQs
1. Is the SBI Cashback Credit Card free?
Not exactly. There’s an annual fee of ₹999, but it can be waived if you spend ₹1 lakh or more in a year.
2. How is cashback credited?
Cashback is automatically adjusted in your next month’s billing statement.
3. Can I use this card internationally?
Yes, it’s accepted worldwide, but foreign currency markup charges will apply.
4. What kind of transactions don’t earn cashback?
Fuel, wallet loads, EMI payments, and cash advances are excluded.
5. Is this card good for beginners?
Absolutely! It’s easy to use, doesn’t confuse you with complex point systems, and rewards you for everyday spending.