SBI Cashback Credit Card
The SBI Cashback Card is a popular card from SBI that gives you cashback on every purchase. As the name suggests, you get cashback without needing to track points or redeem them. The annual fee is Rs. 999, but it can be waived if you spend Rs. 2 Lakhs or more in the previous year. You can earn up to 5% cashback on online purchases and 1% on offline purchases. The cashback is automatically added to your account. The card also comes with extra benefits like fuel surcharge waivers. It's a simple and reliable option, especially for beginners.
It's great for people who shop online for things like clothes, food, groceries, and even travel. Unlike other cashback cards that only give rewards in specific categories, this card offers 5% cashback on all online purchases, whether you’re ordering from Zomato, Swiggy, or shopping at any online store.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
How much cashback can I get on fuel purchases with the Cashback SBI Card?
The card doesn’t give cashback on fuel. But, you will get a 1% discount on fuel charges for transactions between ₹500 and ₹3,000, with a limit of ₹100 per billing cycle.
Can I withdraw cash from an ATM using the Cashback SBI Card?
Yes, but it's not a good idea. Cash withdrawals don’t get the interest-free period, and you’ll pay extra charges. Plus, you won’t get any cashback for withdrawing cash.
When will I get my cashback?
You’ll get the cashback in your SBI Card account within 2 days after your next bill is generated.
How do I apply for the Cashback SBI Card?
You can apply on the SBI Card website using the SBI Card SPRINT platform. You’ll need to provide your personal and work details, complete KYC, and upload documents. Once approved, the card will be sent to you in 7-10 days.
How can I contact SBI Credit Card customer support by phone?
You can reach the SBI Card customer care by calling 1860 180 1290 or 39 02 02 02 (don’t forget to add your area’s STD code before dialing the second number).
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