SBI Cashback Card
SBI VisaWelcome Bonus: 0
Lounge Access: No
Fuel Surcharge: Yes
| Minimum Income | 500000 |
|---|---|
| Credit Score | 650+ |
| Employment Type | Salaried Self-employed Business |
1% cashback on offline purchases adds value to everyday retail spending.
Simple cashback structure with no reward points or conversions—cashback is auto-credited.
Annual fee waiver on ₹2 lakh yearly spend keeps the card cost-effective for regular users.
No cashback on utilities, rent, insurance, wallet loads, or EMI transactions, reducing reward scope.
Annual fee of ₹999 + GST applies if spending threshold is not met.
Lacks premium perks like airport lounge access, travel benefits, or welcome bonuses.
The SBI Cashback Credit Card is designed for users who prefer simple, no-nonsense cashback instead of complicated reward points or milestone benefits. Its biggest strength lies in offering flat cashback across online and offline spends, making it especially suitable for people who frequently shop online on platforms like Amazon, Flipkart, Swiggy, Zomato, Myntra, and other e-commerce or app-based services.
Cardholders earn 5% cashback on online transactions, which is one of the highest flat cashback rates available in this segment. For offline spending such as retail stores, groceries, and local shopping, the card offers 1% cashback, ensuring rewards on almost every swipe. The cashback earned is automatically adjusted against the statement balance, eliminating the need for manual redemption or point conversions.
The card comes with a joining and annual fee of ₹999 + GST, but this fee is waived if the total annual spending reaches ₹2 lakh, making it cost-effective for regular users. Additionally, a 1% fuel surcharge waiver (up to ₹100 per billing cycle) helps reduce fuel expenses, although fuel transactions themselves do not earn cashback.
However, users should be aware of certain limitations. The card has a monthly cashback cap of ₹5,000, which may restrict benefits for high spenders. Cashback is also not applicable on several categories such as utility bill payments, rent, insurance premiums, wallet loads, EMI transactions, railway bookings, and government payments. Moreover, this card does not offer premium features like airport lounge access, travel insurance, or luxury lifestyle benefits.
Overall, the SBI Cashback Credit Card is best suited for online shoppers and salaried users who want straightforward savings without tracking reward points, and who can manage spending to stay within cashback limits and fee-waiver criteria.