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Credit Cards · India

SBI Cashback Credit Card

Updated 28 Jul 2026Source-linked

The SBI Cashback Credit Card is a mid credit card from SBI Card, with a joining fee of ₹999 + GST.

It earns up to 5% on online spend spends in the form of cashback.

SBI Card logo
SBI Cashback Credit Card
Visa logo
  • Joining Fee₹999
  • Annual Fee₹999
  • Best Suited ForCashback
  • Reward TypeCashback
Rewards Rate
  • 5% on online spend (cap 2000 cashback inr / statement)
  • Base 1.00% on other spends
Welcome Benefits
  • Not applicable
Data verified 28 Jul 2026 — see our methodology
SBI Card logoSBIVisa logoplatinummid
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Rewards and Benefits

Rewards Rate
5% on online spend (cap 2000 cashback inr / statement)
Base 1.00% on other spends.
Reward Redemption
Redeem at ₹1 per unit.
Welcome Benefits
N/A
Milestone Rewards
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Travel
N/A
Movie & Dining
N/A
Golf
N/A
Insurance Benefits
N/A
Other Benefits
N/A

See the math — accelerations & caps

What you'd realistically keep — caps applied, channel premiums cut when you don't route through them, realized redemption value.

  • Online shopping₹750/mo

    You spend ₹15,000 · earns 5.0% = ₹750 uncapped

    • Capped at ₹2,000/mo
  • Groceries₹400/mo

    You spend ₹8,000 · earns 5.0% = ₹400 uncapped

    • Capped at ₹2,000/mo
  • Dining & food delivery₹400/mo

    You spend ₹8,000 · earns 5.0% = ₹400 uncapped

    • Capped at ₹2,000/mo

Base-rate spend

Non-accelerated spend, summarized at this card's base rate.

  • Fuel₹4,000 · 0.0% = ₹0/mo
  • Travel & hotels₹10,000 · 1.0% = ₹100/mo
  • Utilities & bills₹5,000 · 0.0% = ₹0/mo
Est.net rewards for this spend, realistic
₹19,800/yr

₹19,800 rewards − ₹0 annual fee. Estimate for the spend you entered.

Fees & Charges

Spend-Based Waiver
₹2,00,000 in the preceding year
Rewards Redemption Fee
N/A
Foreign Currency Markup
3.50%
Interest Rates
3.75% per month (45.0% annualised)
Fuel Surcharge Waiver
1.0% waiver on transactions between ₹500 and ₹3,000, capped at ₹100 per monthly.
Cash Advance Charges
2.5% or ₹500 (whichever is higher)

Product Details

  • mid card issued by SBI Card.
  • Joining / annual fee of ₹999 + GST, waived on annual spends of ₹2,00,000.
  • Available on the Visa network.

Pros & Cons

Pros
  • Annual fee waivable on ₹2,00,000 spend.
  • Accelerated earn worth ≈5.0% on online spend.
Cons
  • Standard forex markup of 3.50% — suboptimal for international spend.
  • No rewards on fuel spends.
  • No complimentary airport lounge access.
Pros & cons are heuristically derived from the card's fees, rewards and benefits. Not editorial opinion.

Accelerated rewards

  • 5% on online spend (cap 2000 cashback inr / statement)
    5% on online (card-not-present) spend, capped Rs 2,000/cycle — devalued from Rs 5,000 on 1 Apr 2026, so the 5% now saturates at Rs 40,000 of online spend per cycle. Scope is the CHANNEL, not a merchant category: there is no merchant list and no MCC allowlist, and e-commerce, food-delivery apps and streaming all qualify (Amazon, Flipkart, Myntra, Ajio, Swiggy, Zomato, Blinkit, BigBasket are the merchants named in issuer-adjacent listings). Retagged 2026-07-28 from canonical_categories [online] — the old tag meant food delivery and online groceries scored ZERO here despite qualifying. Provenance caveat: the channel definition and merchant examples come from the product/review tier, not SBI's MITC PDF (docs/sources/sbi/cashback/cashback-tnc-ekit.pdf is gitignored and absent), so this is web-tier confidence — see docs/TODO.md E13.
Capping rules
  • Cashback credited automatically to statement within 2 days of next statement.
  • 5% online cashback capped at Rs 2,000 per statement cycle (saturates at Rs 40,000 of online spend).
  • 1% base is paid on OFFLINE (card-present) spend and is capped at Rs 2,000 per statement cycle. It does NOT backstop online spend, so qualifying online spend past the Rs 2,000 accelerated cap earns nothing. The canonical buckets have no card-present axis, so `base.applies_to_categories` cannot express this and the calculator still credits 1% on online overflow — overstating the card above Rs 40,000/month of online spend. See docs/TODO.md E17.
  • Aggregate online + offline cashback capped at Rs 4,000 per statement cycle (archived SBI T&C e-kit).

Exclusions

The following spend categories earn no rewards on this card:

  • fuel
  • wallet loads
  • rent
  • utilities
  • insurance premiums
  • education
  • jewellery
  • emi
  • government
  • other

Fuel surcharge waiver

1.0% waiver on fuel transactions between ₹500 and ₹3,000, capped at ₹100 per monthly.

Sources

Last verified 28 Jul 2026. Verify with the issuer before applying.

Eligibility

Age
21–65
Credit score
750+
Income (salaried)
—
Income (self-employed)
—

Specific income threshold not published; internal underwriting applies.

Tagscashbackonline spendmid tier