Cashback SBI Credit Card Benefits, Features, Fee Review in Detail

SBI Cash Back credit card a cashback-focused credit card to boost online spends was introduced in India by SBI Cards on 1st September 2022. This contactless card was launched free of cost for the first year up to March 2023. Cashback SBI Credit was offers 5 percent cashback on all online spends without any merchant restrictions to cardholders.

SBI Cashback Credit Card offers amazing cashback on online and offline spends. For ease of understanding i have covered all the details of the Cashback SBI Credit Card as per below mentioned

1. Eligibility for SBI Cashback Credit Card
2. Fees & Charges for SBI Cashback Credit Card
3. Features and Benefits of SBI Cashback Credit Card
4. Rewards with SBI Cashback Credit Card
5. Review & Summary of Cashback Credit Card

1. Eligibility for SBI Cashback Credit Card

SBI Cashback Credit Card is available as per the eligibility criteria and regulations levied by the State Bank of India.
Documents required to apply for this Credit Card :
– Identity Proof – Driving License OR PAN Card OR Aadhar Card OR Passport.
– Address Proof – Driving License OR Voter ID Card OR Aadhar Card OR Passport.
– Income Documents – Salary Slip for Salaried People or ITRs for Self Employed People

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You can apply for SBI Cashback Credit Card either by visiting nearest SBI branch and complete an application form. if you want to apply for Cashback SBI Credit card online you can visit official website of SBICard.
Link to reach official website for SBICard is as mentioned : https://www.sbicard.com/en/personal/credit-cards/rewards/cashback-sbi-card.page
Click on Apply Now option after reaching on SBICard official website

2. Fees & Charges for SBI Cashback Credit Card

SBI Cashback credit card was introduced with Nil Joining Fee. This Special offer was valid up to 31st March 2023. Now SBI Card has introduced one time Joining Fee of Rs. 999/- plus applicable taxes for SBI cashback credit card.

Cashback SBI Credit card comes with annual Fee or renewal Fee of Rs. 999/- from second year onwards. SBI Card gives option for reversal or waiver of annual renewal fee. Annual fee waiver benefit is applicable on card spend more than two lakh rupees in last year.

SBI Card offers 3 Add-on credit cards for the family at no additional cost (Joining fee or annual fee).

3. Features and Benefits of SBI Cashback Credit Card

– SBI Cashback credit card gives 5% Cashback on online spends without any merchant restriction.
– This Cashback SBI credit card provides 1% Cashback on offline spends without any merchant restriction.
– Cashback not applicable on Merchant EMI and flexipay EMI.
– Utility, Insurance, Fuel, Rent, Wallet, School & Educational Services, Jewelry, Railways etc. are excluded for cashback. Click here For complete list of exclusions
– Cashback gets auto-credited to your SBI Card account within two working days of your statement generation date
– Get up to Rs 5,000/- Cashback every month.
– 1% Fuel Surcharge waiver across all petrol pump.

4. Rewards with SBI Cashback Credit Card

SBI Cashback Card gets auto-credited within two days of the card’s following statement. This means Cashback earned with the this card will be automatically credited to you next months statement.

Cashback earned with the card will be automatically credited to next month’s statement.

This credit card does not offer any of the following in its offering – Movie Tickets , Domestic Lounge access, Golf, Travel and Insurance benefits.

5. Review & Summary of Cashback Credit Card

SBI Cashback Credit Card offers amazing cashback program on online and offline spends. Card holder can get up to 5% cash back on every online spend and 1% on offline spends. This card would be a wise choice for a person who is looking for instant saving on their transaction.

Joining and annual fees disappoints as this is slightly higher side as compare to other credit cards in the same category but waiver of annual fee with spends justify the credit card. Moreover there is no Lounge access benefit available with this credit card.

Please share your experience and feed back in our comment section.

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Disclaimer: This blog is published for convince of website users and support financial literacy for education purpose on best effort basis. Information published here are subject to change/modification as and when credit card issuing entity decide to change. Issuance of credit card, change/modification in Fees, Charges, Terms and conditions, Benefits, and feature are sole discretion of Card issuing entity/SBI Card.  Please visit credit card issuing entity official website or nearest branch before applying for credit card. The Blog author and moneyinflow.in are not responsible for any change made by credit card issuer.