SBI Cashback Credit Card Review: Is 5% Cashback Worth It?
Jaspal Singh
Author
SBI Cashback Credit Card at a Glance
| Feature | Details |
|---|---|
| Annual Fee | ₹999 (waived on ₹2L annual spend) |
| Online Cashback | 5% (capped at ₹2,000/month) |
| Offline Cashback | 1% (capped at ₹2,000/month) |
| Max Monthly Cashback | ₹5,000 |
| Fuel Surcharge Waiver | 1% (₹500–₹3,000 transactions) |
| Reward Type | Direct cashback (not points) |
What We Like
- Flat 5% on ALL online spends — no partner restrictions, no category tracking. Amazon, Flipkart, Swiggy, bill payments — everything qualifies.
- Real cashback, not points. The money is credited directly to your statement. No conversion, no devaluation, no expiry.
- Up to ₹60,000/year in cashback. At ₹5,000/month max, serious online spenders can save significantly.
- Easy fee waiver. Spend ₹2 lakh/year (about ₹16,700/month) to get the ₹999 fee waived.
What Could Be Better
- Exclusions are annoying. Fuel, wallet loads, jewellery, rent, and utility payments don’t earn cashback. That’s a big chunk of spending excluded.
- ₹2,000 monthly cap on online cashback. You need to spend ₹40,000/month online to max out. Beyond that, no additional cashback.
- No lounge access. Unlike competitors at similar price points, there’s zero travel perks.
- No welcome benefit. You start with nothing — no vouchers, no bonus points.
Who Should Get This Card?
The SBI Cashback card is perfect if you:
- Spend ₹20,000–40,000/month on online shopping and food delivery
- Want simple, no-hassle cashback without tracking categories
- Prefer real rupees over confusing reward points
- Don’t need lounge access or travel perks
Who Should Skip This Card?
- Heavy fuel spenders (fuel is excluded)
- People who want lounge access or travel benefits
- Anyone spending less than ₹10,000/month online (cashback won’t justify the fee)
How to Apply
You need a minimum annual income of ₹6 lakh and a CIBIL score of 750+. Apply online through the link below — approval typically takes 3–5 working days.
Use our EMI Calculator to plan your monthly card payments.
Our Verdict
The SBI Cashback Credit Card is the best pure cashback card in India if your spending is mostly online. 5% flat with no hoops to jump through is rare. Just make sure your spending exceeds ₹16,700/month to get the fee waived, and you’re golden.
Rating: 4.5/5 — Excellent for online spenders, lacks travel perks.
Apply for SBI Cashback CardDisclaimer: This review is for educational purposes only. We may earn a commission if you apply through our link, at no extra cost to you. This does not influence our review.
