SBI Cashback Credit Card
Last Updated : June 30, 2025, 4:08 p.m.
Cashback SBI Card is amongst one of the best cashback credit cards currently available in the market. The SBI Cashback card provides an accelerated cashback of 5% on online spends without any merchant, brand, or platform restrictions. Offline spends also earn you a cashback of 1%. Other advantages include fuel surcharge reversal, annual fee waiver, easy cashback credit, etc. Let us now understand the features and benefits of the SBI Cashback credit card in detail.
Features and Benefits of the Cashback SBI Card
| Cashback |
|
Cashback exclusions | Spends made on
|
Renewal fee reversal |
|
Fuel surcharge waiver |
|
Contactless technology |
|
Worldwide usage |
|
Add on card |
|
Utility bill payment facility | It enables customers make payment for:
|
Balance Transfer on EMI |
|
Cash on the Go | Enables the withdrawal of cash from more than one million Mastercard and Visa ATMs across the globe. |
Easy Cashback Credit | The credit of cashback happens within 2 days of the next statement generation to the SBI card account. |
Eligibility Criteria
To apply for the SBI Card Cashback, you must meet the following requirements:
- Age: Between 21 and 70 years.
- Occupation: Salaried or self-employed professional.
- Credit Score: Preferably 750 or higher, indicating good creditworthiness.
- Income: A regular source of income, typically a minimum of ₹30,000 per month (subject to bank discretion).
Documents Required
The following documents are typically required to apply for the Cashback SBI Credit Card:
- Proof of Identity: Aadhaar card, PAN card, driver’s license, passport, voter’s ID, or any government-issued photo ID.
- Proof of Address: Utility bills (up to 3 months old), Aadhaar card, passport, ration card, bank statement, or any government-issued address proof.
- Proof of Income:
- For salaried individuals: The last 3 months’ salary slips or recent Form 16.
- For self-employed individuals: The last 3 months’ bank statements or audited Income Tax Return (ITR).
Ensure all documents are valid and up-to-date to avoid delays in the application process.
SBI Cashback Credit Card: Fees and Charges
| Parameter | Amount |
|---|---|
| Joining fee | Rs. 999 |
| Renewal fee (Per annum) | Rs. 999 from the second year onwards |
| Renewal fee waiver | On spends of Rs. 2 lakhs in the previous year |
| Cash advance fee | 2.5% or Rs. 500 (Whichever is greater) |
| Cash payment fee | Rs. 250 plus taxes |
| Interest free credit period | 20 to 50 days |
| Finance charges | 3.75% per month (45% p.a.) |
| SBI Credit Card Late payment charges | Outstanding balance Up to 500 - Nil > Rs. 500 up to Rs. 1000 - Rs. 400 > Rs. 1000 up to Rs. 10,000 - Rs. 750 > Rs. 10,000 up to Rs. 25,000 - Rs. 950 > Rs. 25,000 up to Rs. 50,000 - Rs. 1,100 |
Comparing with Similar Credit Cards
The credit card competes with other popular cashback credit cards in India. Below is a detailed comparison:
| Card Name | Cashback on Online Spends | Cashback on Offline Spends | Special Categories | Joining/Annual Fee | Waiver Condition |
|---|---|---|---|---|---|
Cashback SBI Card | 5% on all online spends | 1% on all offline spends | None | ₹999/₹999 | ₹2 lakh annual spends |
5% on select merchants (Amazon, Flipkart, etc.) | 1% on all spends | Select merchants (Amazon, BookMyShow, etc.) | ₹1,000 + taxes/₹1,000 + taxes | ₹1 lakh annual spends | |
7.5% on Myntra, 5% on Flipkart, Cleartrip, 4% on preferred merchants | 1.5% on all spends | Myntra, Flipkart, Cleartrip, Swiggy, Uber, etc. | ₹500/₹500 | ₹3.5 lakh annual spends | |
| 1% on all spends | Amazon, Amazon Pay partners | Nil | Lifetime free | |
| 1.5% on all spends | Google Pay, Zomato, Swiggy, Ola | ₹499 + taxes/₹499 + taxes | ₹2 lakh annual spends |
Who Should Choose The SBI Cashback Card?
The Cashback SBI Credit Card is best suited for:
- Frequent Online Shoppers: The 5% cashback on all online spends, without merchant restrictions, makes it ideal for those who shop across multiple e-commerce platforms.
- Users Seeking Simplicity: Unlike cards with complex reward structures tied to specific merchants, this card offers a straightforward cashback system.
- High Spenders: The annual fee of ₹999 can be waived by spending ₹2 lakh annually, making it cost-effective for those with significant spending habits.
- General Consumers: The 1% cashback on offline spends ensures savings on everyday purchases, from groceries to dining.
If your spending is concentrated on specific platforms like Amazon or Flipkart, cards like the Amazon ICICI or Flipkart Axis may offer higher returns in those categories. However, for broad online shopping, the Cashback SBI Card is unmatched in its flexibility.
Cashback SBI Card Credit Card Bill Payment Methods
You can make your Cashback SBI Card bill payments via various convenient modes:
Online Methods:
- SBI Card Website:
- Log in to www.sbicard.com,
- Select"Pay Now," the amount, and payment mode, and confirm.
Net Banking: Use any bank’s net banking to transfer funds to your SBI Card account via NEFT (IFSC: SBIN00CARDS) or Visa Credit Card Pay.
UPI: You can make your SBI credit card bill payments through UPI using any UPI app. Enter your 16-digit card number or scan a QR code to make the transaction.
SBI Card Mobile App: Download the app (available on iOS, Android, Windows), log in, and pay instantly.
National Automated Clearing House (NACH): Set up auto-debit to deduct dues directly from your bank account on the due date.
Bharat Bill Payment System: Pay via SBI UNIPAY using the last 4 digits of your card and your mobile number.
Offline Methods:
- SBI Branches: Visit any SBI branch, fill out a pay-in slip, and pay in cash or cheque (reflects in 2 working days).
- Cheque Drop Boxes: Drop an account payee cheque at one of 200+ drop boxes (reflects in 4 working days; ₹100 fee applies, except for seniors).
- SBI ATMs: Use an SBI Debit Card at any SBI ATM to pay your bill (reflects in 2 working days).
Online payments are instant, while offline methods may take a few days to process. Always ensure timely payments to prevent late payment penalties.
Conclusion
The Cashback SBI Card stands out as a top-tier choice for online shoppers, offering an unmatched 5% cashback on all online spends without merchant restrictions, unlike competitors such as HDFC Millennia, Flipkart Axis, Amazon ICICI, and Axis Ace, which limit higher cashback to specific platforms. Its 1% cashback on offline spends ensures savings on everyday purchases, while perks like fuel surcharge waivers, contactless payments, global acceptance, and flexible bill payment options enhance its appeal. Although the ₹999 joining and annual fees may seem steep, they can be easily offset by the cashback earned, especially for those who spend ₹2 lakh annually to waive the renewal fee. With its straightforward reward structure and versatile benefits, the SBI Cashback Credit Card is an excellent option for consumers seeking a rewarding, hassle-free credit card experience.
Frequently Asked Questions (FAQs)
