CASHBACK SBI Card
SBI
₹999
Joining fee
₹999, waived at ₹2L spend
Annual fee
Waived on Rs 2 lakh annual spends (calendar year, renewable annually).
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹35,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 700+
Estimated — not officially confirmed by the bank.
Reward details
1% cashback on offline purchases, capped at Rs 2,000/month
- 5% cashback on Online purchases — Rs 2,000/month
Redemption
Cashback automatically credited to the credit card account within 2 days of statement generation — no conversion needed
Caps: Combined monthly cap: maximum Rs 4,000 cashback per statement cycle
Excluded from rewards: fuel, digital gaming, tolls, government fees, wallet loads, rental, jewelry, education, utilities, insurance, card/gift shops, railways, EMIs, quasi-cash, financial institutions
- Fuel surcharge waiver 1%, up to Rs 100/statement cycle (transactions Rs 500-3,000 only)
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- 5% cashback on all online transactions irrespective of merchant or brand removes the category restrictions many competitor cards impose — Paisabazaar
Complaints
- Monthly capping on cashback earnings; no significant additional benefits compared to premium alternatives — Paisabazaar
Sources
- Official (not independently verified) — Guessed official URL returned a 404 error; no working sbicard.com product page located
- Aggregator — fees, lounge, rewards, sentiment