SBI Cashback Credit Card Review

20.06.2025 03:44 PM - Comment(s)

SBI Cashback Credit Card

Financial Expert Advice

Choose Your First (or Next) Credit Card Wisely

"Limit yourself to holding two credit cards A/C—one for daily expenses and auto-debits, and another reserved for emergencies.

Avoid chasing cashback, miles, rewards or Investments, as this can distract from sound financial management;

and lead to unnecessary debt. Focus on stability & discipline."

SBI Cashback Credit Card Review
"Effortless CASHB<cK, Direct to You"

Introduction

The SBI Cashback Credit Card is a popular choice among shoppers, offering a straightforward cashback program with no merchant restrictions. It's designed to provide savings on both online and offline purchases, making it a versatile option for everyday spending. Here’s a detailed review to help you decide if this card is right for you.

Key Features and Benefits

Cashback Rewards

5% Cashback on online* spends
1% Cashback on offline* spends
*Cashback not applicable on Merchant EMI & Flexipay EMI transactions and on following categories: Utility, Insurance, Fuel, Rent, Wallet, School & Educational Services, Jewelry, Railways etc.

Cashback Limit

Monthly cashback is capped at ₹5,000, totaling a maximum of ₹60,000 annually. To reach this ₹5,000 monthly cap, you'd need to spend ₹1,00,000 monthly on eligible online transactions. Once the monthly limit is reached, no further cashback is earned until the next statement cycle. Cashback accrues based on the transaction posting date.

Fuel Surcharge Waiver

Enjoy a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, with a maximum waiver of ₹100 per statement cycle.

Annual Fee

₹999 + applicable taxes, which can be waived if you spend ₹2 lakh annually.

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Card Essential

Type	cASHB<CK
Welcome Benefits	--------
Annual Fee	₹999 + GST
Reward Structure	Cashback on online shopping
Renewal Benefit	Spend ₹2 Lakh+ annually, get your renewal fee waived.

Rewards and Benefits Analysis

The card is ideal for frequent online shoppers, offering substantial cashback without any restrictions. The automatic crediting of cashback to your account simplifies the redemption process, eliminating the hassle of converting points.

Practical Considerations

While the card excels in cashback rewards, it may not be the best choice for those seeking travel-related benefits or rewards points. Additionally, cashback is not applicable on certain categories like merchant EMI transactions, utility bills, and fuel purchases.

Ideal User Profile

This card is best suited for

Frequent online shoppers
Those who prefer cashback over rewards points
Individuals looking for a low-cost credit card with straightforward benefits

Final Thoughts

The SBI Cashback Credit Card offers a compelling package for those who prioritize cashback on their daily purchases. Its value is maximized by frequent online shoppers who can fully utilize its cashback benefits without merchant restrictions.

Additional Tips for Potential Applicants

Eligibility: Ensure you meet the income and credit score requirements.
Usage: Maximize online spends to get the most out of the cashback rewards.
Redemption: The cashback is automatically credited to your account, making redemption hassle-free.

This review provides a balanced view of the card's strengths and weaknesses, helping readers make informed decisions about whether the SBI Cashback Credit Card aligns with their

shopping habits and financial goals.

! Disclaimer - We strive for accuracy, but this content is for informational purposes only. For the latest product details and offers, please check the official site directly.

Author And Publisher: Gyro 3.o

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