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SBI Cashback Card
SBI Cashback Card is built for shoppers who do most of their spending online — it pays a flat 5% cashback across all e-commerce merchants (not just a handful of partners) and 1% on offline spend, with cashback credited automatically each statement cycle rather than needing manual redemption. At a ₹999 fee that's waived on ₹2 lakh annual spend, it's an easy-to-justify card for anyone whose spending already skews digital, though the monthly cashback ceiling means very high spenders will see diminishing returns past the cap.
Annual fee
₹999
Joining fee
₹999
Reward type
cashback
Base reward rate
1%
Card network
Visa
Card tier
Entry
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in online shopping. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
Benefits by category
- 🛍️ Shopping
5% reward rate (capped ₹2,000/monthly)
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–65
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹2,00,000
- Rewards redemption fee: Cashback is credited automatically to the card account; no redemption fee
- Foreign currency markup: 3.5%
- Interest rate: 42% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, max Rs. 100 per statement cycle
- Cash advance charges: 2.5% of the withdrawn amount or ₹300 (whichever is higher) at domestic ATMs, and 3% or ₹300 (whichever is higher) internationally; cash advances earn no reward points and carry no interest-free grace period.
Pros
- + Flat 5% cashback on all online spends, not restricted to select partner merchants
- + 1% cashback even on offline/in-store purchases
- + Cashback is auto-credited to the statement — no manual claim or redemption process
- + Annual fee fully waived on ₹2 lakh yearly spend
- + Simple, easy-to-understand reward structure with no tiered slabs to track
Cons
- − 5% online cashback capped at ₹2,000/month, so heavy spenders hit the ceiling fast
- − Fuel purchases are excluded from cashback earning
- − Forex markup of 3.5% makes it a poor choice for international spends
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