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sbi cashback credit card

SBI Cashback Credit Card

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As the name suggests, Cashback SBI Credit Card is a credit card most suitable for availing of cashback benefits. This cashback card provides maximum value on online transactions without any restrictions. If you love shopping online for multiple brands, this card is the right choice for you. Here is everything you need to know about the SBI cashback credit card.

  • Key Highlights
  • Features
  • Fee & Charges
  • Eligibility & Documentation
  • Document Required
  • How to Apply

Key Highlights of SBI Cashback Card

Below are the key highlights of SBI Cashback credit card:

  • 5% cashback on all online spends & 1% cashback on all offline spends & utility bill payments.
  • 4 complimentary domestic airport lounge visits per year (1 visit per quarter).
  • 1% (maximum Rs. 100 per statement cycle per credit card account) fuel surcharge waiver at all petrol pumps in India on transactions of between Rs. 500 and Rs. 3,000.
  • Renewal fee of Rs. 999 and can be reversed from 2nd year onwards on annual spends of Rs. 2 Lakhs.

SBI Cashback Card Features and Benefits

Following are the key features and benefits of SBI cashback card:

Cashback

  • 5% cashback on all online spends without any merchant restriction.
  • 1% cashback on all offline spends & utility bill payments
  • SBI credit card cashback offer is not applicable on rent payments, wallet loads, merchant EMIs, fuel Spends, balance transfer, cash advances, encash & flexipay.
  • Cashback will be credited to your cashback SBI card account automatically within 2 days of the next statement generation. 

Complimentary Lounge Access

  • 4 complimentary domestic airport lounge visits per year. 
  • The offer is limited to 1 visit per quarter.

Fuel Surcharge Waiver

  • 1% fuel surcharge waiver at all petrol pumps in India.
  • The offer is applicable on transactions of between Rs. 500 and Rs. 3,000, exclusive of GST & other charges. 
  • Maximum surcharge waiver available is Rs. 100 per statement cycle per credit card account.

Add-on Cards

  • With SBI card cashback, you can avail of add-on cards for your parents, spouse, children or siblings. 
  • The add-on card member must be aged above 18 years.

Utility Bill Payment Facility

  • You can pay your electricity, mobile, telephone, & other utility bills with the Easy Bill Pay facility available on your SBI cashback card.

Balance Transfer on EMI

  • SBI offers the facility to transfer the outstanding balance of other bank’s credit cards to your SBI credit card cashback to avail of a lower interest rate and pay back in EMIs.

Other Benefits 

  • Joining fee is is Rs. 999.
  • Renewal fee is Rs. 999 from 2nd year onwards and can be reversed on annual spends of Rs. 2 Lakhs. 

Additional Info: Check Best Cashback Credit Card and offers.

SBI Cashback Credit Card Fees and Charges

  • Joining fee: 999.
  • Renewal fee: Rs. 999 from the second year onwards. The renewal fee is reversed on annual spends of Rs. 2,00,000 or more for last year.
  • Add-on fee: Nil.
  • Cash advance fees: 2.5% or Rs. 500 (whichever is higher) at domestic ATMs & 2.5% or Rs. 500 (whichever is higher) at international ATMs. 
  • Cash payment fee: Rs. 250 + applicable taxes. 
  • Finance charges: Up to 3.50% per month (42% per annum) from the transaction date.
  • Late payment charges:
    • Nil for the outstanding amount of Rs. 0 to Rs. 500.
    • Rs. 400 for the outstanding amount above Rs. 500 & up to Rs. 1,000.
    • Rs. 750 for the outstanding amount above Rs. 1,000 & up to Rs. 10,000.
    • Rs. 950 for the outstanding amount above Rs. 10,000 & up to Rs. 25,000.
    • Rs. 1,100 for the outstanding amount above Rs. 25,000 & up to Rs. 50,000.
    • Rs. 1,300 for the outstanding amount above Rs. 50,000.
    • An additional Rs. 100 will be levied on missing Minimum Amount Due (MAD) payment by the due date for 2 consecutive cycles.
  • Overlimit fees: 2.5% of the overlimit amount or Rs. 600, whichever is higher.
  • Payment dishonor: 2% of the payment amount (minimum Rs. 500)
  • Rewards redemption fee: Rs. 99 (on gifts/ cash/ specific vouchers).
  • Card replacement fee: Rs. 100 to Rs. 250
  • Credit limit increase fee: Rs. 200.
  • Network change fee: Rs. 200.
  • Cheque payment fee: Rs. 100.
  • Foreign currency transaction fee: 3.5%.
  • Processing fee for all rent payment transactions: Rs. 199.
  • Dynamic & static conversion markup fee: 3.50%.

SBI Cashback Credit Card Eligibility Criteria

The basic Eligibility Criteria that you need to fulfill to get approved for the cash back SBI credit card are mentioned below:

  • The applicant can be a salaried employee or a self-employed individual.
  • The age of the applicant must be between 21 years and 70 years.
  • The applicant should have a stable source of income.
  • The applicant should have a good credit history.
  • The credit score of the applicant should be 750 or above.

You can also check the basic SBI Credit Card Eligibility Criteria.

Document Required for SBI Cashback Card

The documents required to apply for an SBI Cashback card are mentioned below:

  • Proof of identity: Aadhar Card, Driving Licence, PAN Card, Voter ID Card, etc. (any one).
  • Proof of address: Aadhar Card, Utility Bills, Driving Licence, Passport, etc. (any one).
  • Proof of income: Last 3 months’ bank statements, salary slips of last 3 months, or latest audited ITR.

How to Apply for the SBI Cashback Card?

You can apply for Cashback SBI Card through any of the online or offline methods mentioned below: 

  • Offline: Visit the nearest SBI branch and fill in the credit card application form available there or call on the customer care number of the bank.
  • Online: You can apply for the card online through the bank’s website or YONO mobile app. Follow the steps given below to apply for an SBI Cashback card through the official website of the bank:
    • Visit the official website of SBI bank.
    • Go to the ‘Credit Cards’ page and select the Cashback SBI Card.
    • Then click on the ‘Apply Now’ button.
    • Proceed further by filling in all the required details.

Alternatively, you can also apply for the card online from our online lending marketplace. The process for the same is given below:

  • Click on the ‘Credit Cards’ section on the homepage of our website.
  • Enter all the details required, including your name, mobile number, email id, employment-related information, income details, etc.
  • Verify your mobile number by entering the OTP received on your number.
  • You will receive a call from one of our credit card experts to help you complete the credit card application process.

SBI Cashback Credit Card FAQs

Anyone who meets the following eligibility criteria can apply for the Cashback SBI Card online:

  • The applicant can be a salaried employee or a self-employed individual.
  • The age of the applicant must be between 21 years and 70 years.
  • The applicant should have a stable source of income.
  • The applicant should have a good credit history.
  • The credit score of the applicant should be 750 or above.

Yes, you can use the card to withdraw cash from domestic/international ATMs in an emergency. However, a transaction fee will be levied on all such withdrawals, and it will be billed to you in the next statement. The transaction fee of 2.5% or Rs. 500, whichever is higher, will be charged at domestic ATMs, and 2.5% or Rs. 500, whichever is higher, will be charged at international ATMs.

You will get 5% cashback on all online spends without any merchant restriction.

Cashback is not applicable on fuel purchases, rent payments, wallet loads, merchant EMIs, balance transfer, cash advances, encash, and flexipay.

The SBI Cashback card comes with a zero joining fee. The renewal fee is just Rs. 999 from the second year onwards, which can be reversed on annual spending of Rs. 2,00,000 or more in the last year.