SBI Cashback Credit Card: Difference between revisions
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Over time, this card has established itself as a reliable option for customers who prioritize real cashback over complicated points systems, making it one of India’s most straightforward and rewarding credit cards for online spending. | Over time, this card has established itself as a reliable option for customers who prioritize real cashback over complicated points systems, making it one of India’s most straightforward and rewarding credit cards for online spending. | ||
== Charges == | |||
* '''Annual Fee''': ₹999 + GST (renewable annually) | * '''Annual Fee''': ₹999 + GST (renewable annually) | ||
* '''Joining Fee''': ₹999 + GST | * '''Joining Fee''': ₹999 + GST | ||
'''Annual Fee Waiver Condition''' | == '''Annual Fee Waiver Condition''' == | ||
To reward loyal customers, SBI Card waives the renewal fee if the cardholder spends ₹2 lakhs or more in the previous membership year. | To reward loyal customers, SBI Card waives the renewal fee if the cardholder spends ₹2 lakhs or more in the previous membership year. | ||
== Welcome & Renewal Benefits == | |||
There are no gift vouchers or reward points awarded as welcome or renewal benefits. The core benefit remains cashback on eligible spends, auto-credited monthly to the card statement. | There are no gift vouchers or reward points awarded as welcome or renewal benefits. The core benefit remains cashback on eligible spends, auto-credited monthly to the card statement. | ||
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== Key Features & Benefits == | |||
=== | === Fuel Surcharge Waiver === | ||
* 1% waiver on fuel surcharge at all fuel stations in India. | |||
* Eligible on transactions between ₹500 and ₹3,000. | |||
* Maximum waiver: ₹100 per billing cycle. | |||
* No cashback is applicable on fuel transactions. | |||
=== Foreign Currency Markup === | |||
A standard foreign transaction fee of '''3.5% + GST''', applicable on all international purchases made in foreign currency. | |||
=== Zero Lost Card Liability === | |||
If the card is lost or stolen and reported promptly, the cardholder is not liable for any fraudulent transactions that occur post-reporting. | |||
== Cashback Credit Program == | |||
=== A. Cashback Earning === | |||
* Earn '''5% cashback''' on all eligible '''online spends''', including Amazon, Flipkart, Myntra, Ajio, Nykaa, and others. | * Earn '''5% cashback''' on all eligible '''online spends''', including Amazon, Flipkart, Myntra, Ajio, Nykaa, and others. | ||
* Earn '''1% cashback''' on all '''other spends''', including offline and miscellaneous transactions. | * Earn '''1% cashback''' on all '''other spends''', including offline and miscellaneous transactions. | ||
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* Maximum cashback per billing cycle: ₹5,000. | * Maximum cashback per billing cycle: ₹5,000. | ||
=== | === B. Cashback Exclusions === | ||
Cashback is not applicable on the following transaction types: | Cashback is not applicable on the following transaction types: | ||
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Note: Cashback eligibility is determined based on Merchant Category Codes (MCCs). | Note: Cashback eligibility is determined based on Merchant Category Codes (MCCs). | ||
== Eligibility Criteria == | |||
==== For Salaried (Non-Government Employees) ==== | ==== For Salaried (Non-Government Employees) ==== | ||
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* Must be an Indian resident with valid KYC documents | * Must be an Indian resident with valid KYC documents | ||
* Credit score and approval subject to internal SBI Card policy | * Credit score and approval subject to internal SBI Card policy | ||
=== How to Apply === | === How to Apply === | ||
You can only apply online for this credit card. Apply directly via https://www.technofino.in/takeme/sbi-cb-tfc | |||