State Bank of India SBI Cashback Card Credit Card Review
Online Shopping card
The State Bank of India SBI Cashback Card has a ₹999 annual fee + GST, waived on ₹2,00,000 annual spend. It earns 1% back on regular spends and up to 5% on Online. Best for: online shoppers wanting simple, high flat cashback — our verdict: highly recommended.
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The SBI Cashback is one of the cleanest online cashback cards in India, paying a flat 5% (up to Rs. 2,000/month) on all online spends with automatic credit and a low, easily-waived Rs. 999 fee. The monthly cap, 3.5% forex markup and growing exclusion list are its main limits, but for online-heavy spenders it is hard to beat.
Online Shopping card
The Bottom Line
The SBI Cashback Card is built for online shopper and simplicity seeker. With a ₹999 annual fee that is waived on ₹2,00,000 yearly spend, it offers 5% rewards on online and fuel surcharge waiver. It makes the most sense if your spending matches online shopper and simplicity seeker.
It earns a base reward rate of 1% and stacks best when your spending lines up with Online shopper, Simplicity seeker. The renewal fee gets easier to justify once you can hit ₹2,00,000 in yearly spend.
Who Should Get This Card
Use this as a quick filter before comparing rewards or fees in detail.
Best fit for
IdealSomeone who does most spending online and wants a hassle-free flat 5% cashback (up to Rs. 2,000/month) credited automatically, easily clearing the Rs. 2 lakh fee-waiver mark.
A user who prefers straightforward cashback in Rupee value over juggling reward-point categories and redemptions.
Probably not for
SkipWith no lounge access and a 3.5% forex markup, the card offers nothing for travel or foreign spending.
Those whose spend is dominated by utilities, rent, insurance or in-store purchases earn only 1% or are excluded entirely.
Is It Worth It For You?
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Reward Rates
SBI Cashback Card offers 1% basic reward rate.
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Welcome Offer
Milestone Benefits
Renewal fee of ₹999 + GST is waived (reversed) on annual spends of ₹2,00,000 or more in the preceding year.
Fees & Charges
Eligibility
- Min Income: ₹3.6 Lakhs
- Min Credit Score: 750
- Age 21-70; salaried or self-employed; min monthly income ~Rs 30,000 (Rs 3.6L p.a.); 5% cashback on online spends.
Exclusions & Terms
Forex markup
- Foreign currency markup
Merchant EMI
- Does not earn cashback.
Flexipay EMI
- Does not earn cashback.
Frequently Asked Questions
7 data-backed answers from our card database
Ready to apply?
₹999 annual fee. Apply on the State Bank of India website.
Apply on State Bank of India →We may earn a commission if you apply through this link. It never affects our ratings.
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