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CASHBACK SBI Card

Annual Fee Rs 999 + taxes (reversed on Rs 2 Lakh annual spend)

Reward Rate 5% cashback on online spends (Rs 5,000 cap/month); 1% on offline spends

Lounge Access None

SBI

SBI Card plastic

CASHBACK SBI Card Visa

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Community Consensus

Consensus Note: CASHBACK SBI Card issued by SBI Card remains a flagship choice for Online shoppers, general cashback seekers. Verified user discussions highlight strong yields on spending thresholds.

At-A-Glance Quick Facts

payments Annual Membership Fee

stars Base Reward Return Rate

flight_takeoff Airport Lounge Privilege

account_balance_wallet Min Monthly Income

₹25,000 / month

speed Recommended CIBIL Score

750+

8.4 / 10

AI Verdict CredSutra Engine

Synthesized objective algorithmic score

Confidence: 95%

The CASHBACK SBI Card issued by SBI Card offers competitive value for Online shoppers, general cashback seekers. Audit your monthly spending against its Rs 999 + taxes (reversed on Rs 2 Lakh annual spend) fee structure.

Key Trade-offs & Considerations

⚡ Annual fee of Rs 999 + taxes (reversed on Rs 2 Lakh annual spend)
⚡ Lounge access policy: None
⚡ Reward rate: 5% cashback on online spends (Rs 5,000 cap/month); 1% on offline spends

Key Benefits & Characteristics

stars

Category Rewards Multiplier Matrix

1 RP ≈ ₹0.25 to ₹1.00

Spend Category	Earning Multiplier / Return Rate
flight Travel & Flights	2% to 5% points
shopping_cart Online Shopping & SaaS	1% to 5% cashback
storefront Offline Retail Stores	1% reward points
account_balance Government & Tax Pay	0.5% (Caps apply)
house Rent & Wallet Loads	Excluded / 1% surcharge

receipt_long Fee & Surcharge Breakdown

badge Joining Fee

event_repeat Annual Fee

Rs 999 + taxes (reversed on Rs 2 Lakh annual spend)

savings Fee Waiver Threshold

N/A

currency_exchange Forex Markup

3.5% + GST

warning Late Payment Fee

Up to ₹1,300

Detailed Analysis & Review

Community Verdict

[!NOTE] Our Take: The CASHBACK SBI Card remains India’s most straightforward cashback card — no points to track, no redemption process to navigate. Cashback auto-credits within 2 working days of your next statement. The 5% online cap of Rs 5,000/month is the card’s biggest limitation, but for most users it’s more than sufficient. The April 2026 tightening (added exclusions) hurt, but the core proposition still holds for everyday online spenders.

Pros

5% Direct Cashback, No Cap on Merchants: Flat 5% cashback on all online spends with zero merchant restrictions — books, electronics, food delivery, flights, everything.
Auto-Credited Cashback: No redemption process. Cashback hits your statement within 2 working days of the next billing cycle — truly hassle-free.
Fee Waiver at Rs 2 Lakh Annual Spend: Reasonable threshold for a Rs 999 card; well within reach for combined household spending.
Flat 1% on Offline: All physical retail earns 1% cashback — no category restrictions outside the exclusions list.
Fuel Surcharge Waiver: 1% waiver on transactions Rs 500–Rs 3,000 at all petrol pumps (Rs 100 max/statement cycle).

Cons

Rs 5,000 Monthly Cap on 5% Rate: Accelerated online cashback tops out at Rs 5,000 per statement cycle — any spend beyond Rs 1 lakh/month at 5% earns nothing extra.
No Lounge Access: Domestic airport lounge benefit was discontinued (previously available).
Extensive Exclusions: Utilities, insurance, education, jewellery, railways, fuel, rent, wallet loads, and EMIs all earn 0% cashback.
Rs 999 Annual Fee (First Year): No free first year; fee is charged at joining though waiver on Rs 2L spend makes it effectively free from year 2 onward.

Reward Spends & Categories

The CASHBACK SBI Card earns direct cashback (not points) with two tiers:

Category Spend	Earning Rate	Cap / Notes
🛍️ Online Shopping (all e-commerce)	5% Cashback	Rs 5,000 per statement cycle
🛒 Offline / Retail Spends	1% flat Cashback	No cap
🍽️ Dining (online orders)	5% (online)	Within cap
⛽ Fuel	0% (surcharge waiver applies)	Rs 500–Rs 3,000, Rs 100 max/cycle
🏛️ Government, Insurance, Education, Utilities	0%	Excluded
🏠 Rent	0%	Excluded
📱 Wallet Loads	0%	Excluded
💎 Jewellery, Railways	0%	Excluded
🔄 Merchant EMIs	0%	Excluded

[!IMPORTANT] Cashback is auto-credited to your SBI Card account within 2 working days of the next statement generation. No redemption request needed. No redemption fee. This is the card’s biggest UX advantage over point-based cards.