SBI Card Devaluation Update (May 2026): SBI Card has announced another round of revisions to its popular SBI Cashback Credit Card, setting a lower cap on monthly benefits.
Starting next month, the maximum cashback you can earn in a single billing cycle will be reduced from ₹5,000 to ₹4,000. While the 5% cashback rate on online transactions remains unchanged, the lower monthly cap will directly impact users utilizing this card for high-value utility payments, rent, or electronics purchases.
What Has Changed?
- Old Limit: Maximum cashback of ₹5,000 per month.
- New Limit (May 2026): Maximum cashback capped at ₹4,000 per month.
- Cashback Rate: Flat 5% online, 1% offline (remains active).
If your monthly online spending on this card is under ₹80,000, you will not feel the impact. However, if your spending exceeds this threshold, the card’s effective savings yield drops.
Recommended Alternatives: What to Get Instead
If you want to maintain your reward yields, consider these replacement cards:
- AU Ixigo Credit Card: Lifetime free travel card offering 16 complimentary lounge access visits per year with zero forex markup fees. (Affiliate ID:
au-ixigo) - IDFC FIRST WOW Card: Secured credit card backed by a Fixed Deposit. No credit check or income proof required. Great for maintaining a low Credit Utilization Ratio. (Affiliate ID:
idfc-wow)