SBI Cashback Card: A Rewarding Credit Card for Online and Offline Spends

Are you looking for a credit card that offers you cashback on your online and offline purchases? Do you want to save money on your everyday expenses and enjoy other benefits? If yes, then you might be interested in the SBI Cashback Card, a credit card that gives you up to 5% cashback on your spending.

The SBI Cashback Card is a product of SBI Card, one of the leading credit card issuers in India. The SBI Cashback Card is designed to cater to the needs and expectations of the online shoppers, who want to earn cashback on their purchases without any merchant restrictions.

With the SBI Cashback Card, you can earn cashback on various categories such as dining, entertainment, groceries, online shopping, and more. You can also enjoy other features such as fuel surcharge waiver, spend based reversal, and airport lounge access.

Features and Benefits of SBI Cashback Card

The SBI Cashback Card offers a host of features and benefits that make it a rewarding and attractive credit card option. Some of these are:

  • Cashback on Online Spends: The SBI Cashback Card rewards you for your online spending with 5% cashback on all online purchases, without any merchant restrictions. You can earn cashback on any website or app that accepts credit cards, such as Amazon, Flipkart, Swiggy, Zomato, Myntra, etc. This feature ensures that you get the best value from your online shopping.
  • Cashback on Offline Spends: The SBI Cashback Card also rewards you for your offline spending with 1% cashback on all offline purchases and utility bill payments. You can earn cashback on any merchant outlet or service provider that accepts credit cards, such as restaurants, supermarkets, petrol pumps, electricity bills, etc. This feature helps you save money on your everyday expenses.
  • Fuel Surcharge Waiver: The SBI Cashback Card also saves you money every time you refuel your vehicle by waiving off the fuel surcharge. You can enjoy 1% fuel surcharge waiver across all petrol pumps in India, subject to a maximum of Rs. 100 per statement cycle. This benefit makes your journeys more cost-effective.
  • Spend Based Reversal: The SBI Cashback Card also waives off the annual fee if you spend Rs. 2 lakh or more in a year. The annual fee of Rs. 999 will be reversed in the next statement cycle if you meet the spending criteria. This benefit makes the card more affordable and rewarding.
  • Airport Lounge Access: The SBI Cashback Card also offers you complimentary access to select airport lounges across India, providing a comfortable and relaxing space for you to unwind or catch up on work before your flight. You can enjoy complimentary refreshments, Wi-Fi, and other amenities to make your travel experience more enjoyable.

How to Apply for SBI Cashback Card

Applying for the SBI Cashback Card is easy and convenient. You can follow these simple steps to get started:

  • Visit the official website of SBI Card or click here.
  • Fill in your personal details such as name, mobile number, email address, etc.
  • Verify your identity with an OTP sent to your mobile number.
  • Choose the SBI Cashback Card from the list of available cards.
  • Submit your income proof and other documents as required.
  • Wait for the approval and delivery of your card.

You can also visit any branch of SBI or call the customer care of SBI Card to apply for the SBI Cashback Card.

FAQs on SBI Cashback Card

Here are some frequently asked questions on the SBI Cashback Card that might help you understand it better:

Q1: What are the eligibility criteria for the SBI Cashback Card?

A1: To be eligible for the SBI Cashback Card, you need to meet the following criteria:

  • You should be an Indian citizen.
  • You should be at least 21 years old and not more than 70 years old.
  • You should have a good credit score and history.
  • You should have a stable source of income.

Q2: How does cashback work on the SBI Cashback Card?

A2: Cashback is the amount that you get back as a percentage of your spending on the card. The cashback percentage and maximum cap vary depending on the type of spending. For online spending, you get 5% cashback up to Rs. 5,000 per statement cycle. For offline spending and utility bill payments, you get 1% cashback up to Rs. 5,000 per statement cycle. The cashback will be auto-credited to your card account within two working days of your next statement generation.

Q3: What are the terms and conditions for the cashback on the SBI Cashback Card?

A3: The terms and conditions for the cashback on the SBI Cashback Card are as follows:

  • Cashback is not applicable on rent payments, fuel spends, wallet loads, insurance, jewellery, utilities, gift shops and lot more as mentioned here.
  • Cashback is calculated on the net amount of the transaction, excluding GST and other charges.
  • Cashback is subject to a maximum cap of Rs. 5,000 per statement cycle for online and offline spending combined.
  • Cashback is subject to change at the discretion of SBI Card.

Q4: What are the fees and charges for the SBI Cashback Card?

A4: The fees and charges for the SBI Cashback Card are as follows:

  • Joining Fee: Rs. 999 + GST (one-time)
  • Annual Fee: Rs. 999 + GST (from second year onwards)
  • Finance Charges: Up to 3.35% per month (40.2% per annum)
  • Cash Advance Fee: 2.5% of the amount withdrawn or Rs. 500, whichever is higher
  • Late Payment Fee: Rs. 100 to Rs. 950, depending on the total amount due
  • Overlimit Fee: 2.5% of the overlimit amount or Rs. 500, whichever is higher
  • Cheque Bounce Fee: 2% of the cheque amount or Rs. 450, whichever is higher
  • Foreign Currency Transaction Fee: 3.5% of the transaction value

Q5: What are the benefits of the SBI Cashback Card?

A5: The benefits of the SBI Cashback Card are:

  • You can earn up to 5% cashback on your online and offline purchases, without any merchant restrictions.
  • You can save money on your fuel expenses with 1% fuel surcharge waiver across all petrol pumps in India.
  • You can get your annual fee waived off if you spend Rs. 2 lakh or more in a year.
  • You can enjoy complimentary access to select airport lounges across India.

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