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SBI Cashback Card

Product Details
Credit Card Name : 

SBI Cashback Card

Bank Name :

State Bank Of India

Type :

Cashback Credit Card

Interest Rate : 

3.50% per month (42% per annum) from the transaction date. 

Eligibility :

Eligibility:

Age: 21 years to 65 years.
Occupation: Salaried or self-employed with a s stable source of income.
Credit Score: Good credit history is generally preferred.

Documents required:
Proof of identity (PAN card, Aadhaar card, etc.).
Proof of address (driving license, passport, voter ID card, utility bills, etc.).
Proof of income (latest salary slips or ITRs).

SBI Cashback Card
Pros

 

  • 5 percent cashback on online spends without any kind of merchant restriction. (maximum cashback of INR 5,000 per month).

  • 1 percent cashback on all offline spends.

  • Reversal of renewal fee on minimum annual spends of INR 2 Lakhs


Cons
  • No free movie tickets. 

  • No free airport lounge visits.

Pros & Cons
Welcome Benefits

None.

Rewards System
  • 5 percent cashback on online spends without any kind of merchant restriction.

  • 1 percent cashback on all offline spends.

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

5 percent ashback on online spends without any kind of merchant restriction (maximum cashback of INR 5,000 per month).

Eligibility Criteria

Eligibility:

Age: 21 years to 65 years.
Occupation: Salaried or self-employed with a s stable source of income.
Credit Score: Good credit history is generally preferred.

Documents required:
Proof of identity (PAN card, Aadhaar card, etc.).
Proof of address (driving license, passport, voter ID card, utility bills, etc.).
Proof of income (latest salary slips or ITRs).

Benefits

One of the best credit card for online shopping as there is no merchant restriction and a very high cashback rate: 5%.

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

You can apply for the SBI Cashback Credit Card in a 3 major ways:


1. Online:

  • This is the quick and easy method.

  • Visit the SBI Card website.

  • Choose the "Credit Cards" tab and go to the SBI Cashback Credit Card.

  • Click on "Apply Now" button and fill out the application form with all your details.

  • Upload the requisite documents, such as identity proof, proof of address, and proof of income.

  • Submit the application form.

2. Offline:

  • This method requires visiting a physical SBI branch.

  • Ask for the SBI Cashback Card application form.

  • Fill out the form with all of the required details.

  • Attach the requsite docuements.

  • Submit the application form to the bank representative.

3. By Phone:

  • Contact the SBI Card customer care helpline at 1860-180-1290 or 3902-0202.

  • Request for an SBI Cashback Credit Card application form.

  • The bank will send you the form by courier.

  • Fill out the form with your details.

  • Attach the required documents.

  • Send the completed application form back to the bank.

Contact Details

l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)

Account Opening and Procedure
SBI Cashback Card Review

The USP of the card is 5% cashback on all online spends without any kind of merchant restriction. (maximum cashback of INR 5,000 per month). The cards is a no frill card it does not offer any value add benefits.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

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Fees & Charges
  • Annual Fee (one time): INR 999 + Taxes

  • Renewal Fee (per annum): INR 999 + Taxes from second year onwards. 

  • Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs.

  • Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date. 

  • Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000  up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000. 

  • Reward Redemption Fees: INR 99/- per redemption. 

Fuel Surcharge

1% Fuel Surcharge waiver for each transaction between Rs.500 and Rs.4,000. Maximum Surcharge waiver of Rs.250 per statement cycle, per credit card account.

Billing Cycle

30 Days.

Fees & Charges
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