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.
SBI Cashback Credit Card: Main Features and Benefits Explained Simply
If you want a credit card that gives direct savings without confusion, the SBI Cashback Credit Card is a good option. It is specially designed for people who shop online and want easy cashback instead of reward points.
In simple words, the more you spend (within limits), the more cashback you earn. It works well for Indian users who regularly use apps, websites, and digital payments.
Real Life example: -
Let’s understand this in a very simple way.
Rahul from Delhi uses his card for monthly expenses. He spends on Amazon, Flipkart, food delivery apps, and also uses it for shopping in stores.
- Online shopping gives him higher cashback
- Offline shopping gives him lower cashback
But there is a limit set by the bank. If Rahul spends smartly, he can easily earn up to ₹4,000 cashback every month. This makes a big difference in yearly savings.
Cashback Structure
| Type of Spending | Cashback Rate | Maximum Cashback |
|---|---|---|
| Online Spending | 5% | ₹2,000/month |
| Offline Spending | 1% | ₹2,000/month |
| Total Cashback | — | ₹4,000/month |
This means even if your cashback goes higher, you will only get ₹4,000 per billing cycle.
Example to Understand Cashback Limit
Suppose you spend:
- ₹50,000 online → You earn ₹2,500
- ₹2,00,000 offline → You earn ₹2,000
Total cashback = ₹4,500
But due to the limit, you will only get ₹4,000. So, planning your spending properly can help you get maximum benefit.
Why This Card is Good for Indian Users
In India, most people are now shifting to online shopping, UPI apps, and digital payments. This card fits perfectly into that lifestyle. You can use it for:
- Online shopping (Amazon, Flipkart, Myntra)
- Food delivery (Zomato, Swiggy)
- Bill payments through apps
- Subscriptions (OTT, apps)
Since online spending gives 5% cashback, you save more on these daily expenses.
When and How You Receive Cashback
One of the best things about this card is that cashback is automatic. You don’t need to redeem points or convert rewards.
The cashback is credited within 2 days after your monthly statement is generated. It directly reduces your bill amount, which makes it very simple to use.
For example, if your bill is generated on 6th of every month, your cashback will be added by 8th.
Important Things You Should Know Before Using
Not all payments give cashback. Some categories are excluded. This means if you use the card for those payments, you won’t earn cashback. These include expenses like rent, fuel, insurance, school fees, utility bills, and government payments.
So, if your goal is to earn maximum cashback, focus more on online shopping and regular purchases instead of these categories.
Extra Benefits That Add More Value
Apart from cashback, the card also offers a few additional benefits.
First, the annual fee is ₹999. But if you spend ₹2 lakh in a year, this fee becomes zero. This is helpful for regular users.
Second, you get a fuel surcharge waiver. If you pay for fuel between ₹500 and ₹3,000, you get a small saving on surcharge, up to ₹100 per month.
These small benefits add up over time and increase overall savings.
Is This Card Right for You?
This card is ideal for people who:
- Shop online regularly
- Use credit cards for daily expenses
- Want simple cashback instead of reward points
If you mostly spend on rent, fuel, or utility bills, then this card may not give you maximum benefit. But for online users, it is a strong and practical option.
SBI Cashback Credit Card Review
The SBI Cashback Credit Card is simple, direct, and easy to use. There are no complicated rules, and cashback is credited automatically. If used properly, you can save up to ₹4,000 every month, which is ₹48,000 in a year. For Indian users who prefer online shopping and digital spending, this card can be a smart financial tool.
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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