The SBI Cashback Credit Card is a top-tier option for individuals aiming to earn significant cashback on a wide array of purchases. This card is particularly advantageous for online shoppers, offering a straightforward and rewarding cashback structure. With no merchant restrictions, it simplifies the process of earning cashback, making it a hassle-free choice for maximizing savings. Alongside its cashback benefits, the card provides various additional perks, such as contactless payments and fuel surcharge waivers, enhancing the overall user experience.

Key Highlights:

  • Welcome Benefits:
    • Get an Amazon e-gift voucher worth Rs. 500 on spending Rs. 2,000 within the first 60 days.
  • Cashback Rewards:
    • 5% cashback on online spends without any merchant restrictions.
    • 1% cashback on all offline spends.
    • Maximum cashback capped at Rs. 10,000 per statement cycle.
  • Complimentary Benefits: Up to 3 add-on cards for family members.

Fees and Charges:

  • Joining Fee: Rs. 999 + GST.
  • Annual Fee: Rs. 999 + GST (waived on annual spends exceeding Rs. 2 lakhs).
  • Foreign Currency Markup: 3.5% + GST.
  • Cash Advance Fee: 2.5% of the transaction amount, subject to a minimum of Rs. 500.

Additional Benefits:

  • Fuel Surcharge Waiver: 1% waiver on fuel surcharge for transactions between Rs. 500 and Rs. 3,000, capped at Rs. 100 per statement cycle.
  • Contactless Payments: Enabled for fast and secure transactions.
  • Utility Bill Payment: Pay your utility bills using the Easy Bill Pay facility.
  • Balance Transfer on EMI: Transfer the outstanding balance of other banks’ credit cards to your Cashback SBI Card and pay back in EMIs at a lower interest rate.

Pros and Cons:

  • High cashback rate on online spends.
  • No merchant restrictions for earning cashback.
  • Complimentary add-on cards.
  • No complimentary airport lounge access.
  • High joining and annual fees compared to some other cashback cards.

Eligibility Criteria:

  • Age: 21 to 65 years.
  • Income: Stable source of income.
  • Credit Score: Good credit history required.

Comparison with Axis Bank Cashback Credit Card:

Feature SBI Cashback Credit Card Axis Bank Cashback Credit Card
Joining Fee Rs. 999 + GST Rs. 1,000 + GST
Annual Fee Rs. 999 + GST (waived on annual spends of Rs. 2 lakhs) Rs. 1,000 + GST (waived on annual spends of Rs. 4 lakhs)
Welcome Benefits Rs. 500 Amazon e-voucher 5,000 EDGE Reward Points (worth Rs. 1,000)
Cashback/Reward Points 5% on online spends; 1% on offline spends 0.75% on offline spends; up to 7% on online spends
Complimentary Lounge Access None None
Fuel Surcharge Waiver 1% No
Foreign Currency Markup 3.5% + GST 3.5% + GST


The SBI Cashback Credit Card is an excellent choice for those looking to maximize their savings through cashback rewards. With high cashback rates on online spends and valuable additional benefits, it offers significant value for its users. However, the lack of complimentary lounge access and relatively high fees may be drawbacks for some.

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