State Bank of India
SBI Cashback
Cardmember
CARD COMPARE MEMBER
Official Bank References:
SBI Cashback Credit Card Review
Ideal Category: CashbackJoining Fee
₹999
Annual Fee
₹999
Lounge access
Domestic / International
Forex Markup
3.50% of the transaction value + applicable taxes.
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Card Overview & Suitability
Who should get this card
Online e-commerce shoppers who want flat statement cashbacks without being restricted to specific partner portals. Ideal for buying groceries, apparel, and electronics online.
Who should avoid this card
Frequent flyers who require free airport lounge access and those who spend heavily on offline stores, rent payments, fuel, or utilities.
Fees & Key Charges
Official fee schedule as detailed in the Most Important Terms and Conditions (MITC).
| Fee Parameter | Charge / Milestone | Description |
|---|---|---|
| Joining Fee | ₹999 | Charged on card issuance (often offset by welcome vouchers). |
| Annual Maintenance Fee | ₹999 | Billed annually starting from the second year onwards. |
| Annual Fee Waiver Limit | Waived on annual spends of ₹2,00,000 or more in the previous year. | Required spending target in the previous year to waive renewal costs. |
| Foreign Currency Markup | 3.50% of the transaction value + applicable taxes. | Markup charged on cross-border payments or foreign site checkouts. |
| Finance / Interest Charges | 3.50% per month (42% per annum) from the transaction date. | Annualized interest rate applied to outstanding balances and new transactions. |
Reward Rates & Accelerator Rules
Maximize points accumulation by routing spends to partner e-commerce platforms.
Base Rate
Base Earning Rate
1% flat cashback on general online and offline purchases.
Accelerator
Online Purchases Accelerator
5% cashback on all general online spends. Monthly cashback cap of ₹5,000 applies.
Redemption
Auto-Statement Credit
Cashback is auto-credited to your outstanding card statement balance within 2 days of statement generation. No redemption fee.
Exclusions
Excluded Spends
Excludes rent payments, fuel, school fees, utilities, insurance, railway bookings, and wallet loads.
Pros & Cons Breakdown
Unbiased analysis highlighting advantages and critical limitations.
Pros & Key Benefits
- Unrestricted 5% cashback on online purchases across most e-commerce apps.
- Cashback is credited automatically to your credit card statement within the next billing cycle.
- Relatively low spending threshold for annual fee waiver (₹2 Lakhs).
Cons & Drawbacks
- No domestic or international airport lounge access benefits.
- Monthly cashback is capped at ₹5,000 per statement cycle.
- Excludes utility payments, insurance, education, and rent from 5% cashback.
Eligibility Requirements
Documents Required
Card-Specific FAQs
CardCompare India is not a bank or credit card issuer. The approval of credit card applications, credit limit assignments, interest rates, and fee waivers are decided solely by the respective bank based on CIBIL verification and internal criteria. All terms displayed here are sample data pending verified confirmation; please check the Respective Bank website for official terms before applying.