SBI Cashback Credit Card: Difference between revisions
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SBI Cashback credit card | |||
The '''SBI Cashback Credit Card''' is a consumer credit card issued by '''SBI Card'''. It is designed for individuals who frequently shop online and offers a platform-independent cashback structure. The card provides automatic cashback directly to the card statement, making it convenient and user-friendly. | |||
=== '''Key Features''' === | |||
* '''5% cashback''' on eligible online purchases (excluding rent, utilities, wallet loads, etc.) | |||
* '''1% cashback''' on all other spends (including offline and miscellaneous purchases) | |||
* Cashback is '''automatically credited''' to the statement balance each month | |||
* Works across all major online platforms (Amazon, Flipkart, Myntra, Ajio, Nykaa, etc.) | |||
=== '''Fees and Charges''' === | |||
* '''Joining Fee''': ₹999 + GST | |||
* '''Annual Fee''': ₹999 + GST (waived on annual spends of ₹2,00,000 or more) | |||
* '''Interest Rate''': Up to 3.5% per month (42% per annum) | |||
* '''Foreign Currency Mark-up Fee''': 3.5% | |||
* '''Fuel Surcharge Waiver''': 1% (on fuel transactions between ₹500 and ₹3,000; capped at ₹100/month) | |||
=== '''Cashback Exclusions''' === | |||
Cashback is '''not applicable''' on the following categories: | |||
* Wallet reloads (e.g., Paytm, PhonePe) | |||
* Utility bill payments | |||
* Rent payments | |||
* Fuel transactions | |||
* Insurance premiums | |||
* Government-related payments | |||
* Education-related payments | |||
* EMI transactions (merchant EMIs and post-purchase conversions) | |||
<blockquote>''Note: Cashback eligibility is determined by Merchant Category Codes (MCCs). Transactions under excluded MCCs will not earn cashback.''</blockquote> | |||
=== '''Eligibility Criteria''' === | |||
* Age: 21 to 60 years (for the primary cardholder) | |||
* Applicant must be an '''Indian resident''' with valid KYC documents | |||
* Minimum income and credit score as per SBI Card’s internal credit policy | |||
=== '''How to Apply''' === | |||
* '''Online''': Through the official website [https://www.sbicard.com www.sbicard.com] | |||
* '''Offline''': By visiting an SBI branch or contacting an authorized representative | |||
* '''Approval Time''': Typically 1 to 3 business days after document verification and eligibility check | |||
=== '''Why Choose the SBI Cashback Credit Card?''' === | |||
* '''No platform restrictions''': Earn 5% cashback on any eligible online platform | |||
* '''Automatic cashback''': No need for reward redemption or conversions | |||
* '''Ideal for multi-platform shoppers''': Works equally well on Amazon, Flipkart, Ajio, Nykaa, and more | |||
* '''Simple reward structure''': No complicated points—just real cashback credited monthly | |||
=== '''Summary''' === | |||
The '''SBI Cashback Credit Card''' is an excellent choice for users who make regular online purchases across different platforms. With its flat 5% cashback, automatic credit system, and platform independence, it offers a straightforward and rewarding experience for digital shoppers. | |||
Latest revision as of 01:42, 7 July 2025
The SBI Cashback Credit Card is a consumer credit card issued by SBI Card. It is designed for individuals who frequently shop online and offers a platform-independent cashback structure. The card provides automatic cashback directly to the card statement, making it convenient and user-friendly.
Key Features
- 5% cashback on eligible online purchases (excluding rent, utilities, wallet loads, etc.)
- 1% cashback on all other spends (including offline and miscellaneous purchases)
- Cashback is automatically credited to the statement balance each month
- Works across all major online platforms (Amazon, Flipkart, Myntra, Ajio, Nykaa, etc.)
Fees and Charges
- Joining Fee: ₹999 + GST
- Annual Fee: ₹999 + GST (waived on annual spends of ₹2,00,000 or more)
- Interest Rate: Up to 3.5% per month (42% per annum)
- Foreign Currency Mark-up Fee: 3.5%
- Fuel Surcharge Waiver: 1% (on fuel transactions between ₹500 and ₹3,000; capped at ₹100/month)
Cashback Exclusions
Cashback is not applicable on the following categories:
- Wallet reloads (e.g., Paytm, PhonePe)
- Utility bill payments
- Rent payments
- Fuel transactions
- Insurance premiums
- Government-related payments
- Education-related payments
- EMI transactions (merchant EMIs and post-purchase conversions)
Note: Cashback eligibility is determined by Merchant Category Codes (MCCs). Transactions under excluded MCCs will not earn cashback.
Eligibility Criteria
- Age: 21 to 60 years (for the primary cardholder)
- Applicant must be an Indian resident with valid KYC documents
- Minimum income and credit score as per SBI Card’s internal credit policy
How to Apply
- Online: Through the official website www.sbicard.com
- Offline: By visiting an SBI branch or contacting an authorized representative
- Approval Time: Typically 1 to 3 business days after document verification and eligibility check
Why Choose the SBI Cashback Credit Card?
- No platform restrictions: Earn 5% cashback on any eligible online platform
- Automatic cashback: No need for reward redemption or conversions
- Ideal for multi-platform shoppers: Works equally well on Amazon, Flipkart, Ajio, Nykaa, and more
- Simple reward structure: No complicated points—just real cashback credited monthly
Summary
The SBI Cashback Credit Card is an excellent choice for users who make regular online purchases across different platforms. With its flat 5% cashback, automatic credit system, and platform independence, it offers a straightforward and rewarding experience for digital shoppers.