SBI Cashback Credit Card Review 2026
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SBI Cashback Credit Card Review 2026

Earn 5% cashback on all online purchases and 1% offline — auto-credited to your statement. India's simplest cashback card at ₹999 a year.

4.2
/5
Card24 Score
Cashback
5
Fees
4
Simplicity
4
Last reviewed May 2026 · Card24.ai editorial team
SBI Cashback
Annual Fee
₹999/year (waived on ₹2L annual spend from Year 2)
Online Cashback
5% on all online spends*
Offline Cashback
1% on all offline spends*
Max Monthly Cashback
Up to ₹4,000/month total*

Credit Card Verdict SBI Cashback

What we like

  • 5% cashback on ALL online purchases — no merchant or platform restrictions
  • Cashback auto-credited to statement — no points, no redemption portal
  • 1% on all offline spends — useful flat base rate
  • ₹999 annual fee waived on ₹2L annual spend (from Year 2)
  • Works on all Visa-accepted platforms — travel, food, shopping, subscriptions

Watch out for

  • Cashback excluded on utility bills, insurance, fuel, rent, wallets, jewellery, railway tickets and education
  • ₹999 joining fee in Year 1 — no waiver, no reversal
  • Monthly cashback capped at ₹4,000 total (₹2,000 online + ₹2,000 offline)
  • No lounge access at any tier

*5% cashback on online transactions capped at ₹2,000 per statement cycle. 1% cashback on offline transactions capped at ₹2,000 per statement cycle. Total maximum cashback: ₹4,000 per statement cycle. Cashback credited within 2 days of next statement generation. Not applicable on utility payments, insurance, fuel, rent, e-wallets, jewellery, railway tickets, education, and quasi-cash. Annual fee of ₹999 waived from Year 2 on ₹2,00,000 annual spend.

Credit Card Achievers - SBI Cashback

Is SBI Cashback Credit Card Worth It in 2026?

Yes — with one important condition. The SBI Cashback Card remains India's best flat-rate cashback card for online spending, but only for users whose primary online purchases fall in eligible categories. But you can also check out BOBCARD Cashback Credit Card with 5% online* and 1% unlimited cashback*. The math for the right user: spend ₹40,000/month online on eligible categories → ₹2,000/month cashback → ₹24,000/year. Annual fee: ₹999 (waived from Year 2 at ₹2L spend). Net gain: ₹23,001 in Year 2 onwards. Even at ₹20,000/month online spend, you earn ₹1,000/month — ₹12,000/year — on a card that effectively becomes free. No other card in India offers 5% on all online purchases without merchant restrictions at under ₹1,000/year. The catches: utility bills, insurance premiums, fuel, rent payments, and e-wallet loads are all excluded from the 5% rate. If a significant chunk of your 'online' spending is in these categories, the effective rate will be much lower than 5%. Also, there's no lounge access at any spend level — if that matters to you, HDFC Millennia or SBI Card PRIME are better fits.

SBI Cashback Card is the only mainstream credit card in India that gives 5% back on any online merchant — not just a list of partner brands. For eligible online shoppers, nothing comes close at this price point.

SBI Cashback Credit Card Benefits

How to Get the Most Out of SBI Cashback Credit Card

Use this card exclusively for online purchases in eligible categories. Think: Amazon, Flipkart, Myntra, Swiggy, Zomato, MakeMyTrip, Cleartrip, Hotstar, Netflix, and any other online merchant. At ₹40,000/month you hit the ₹2,000 cashback cap — the most you can extract from this card. The single most common source of disappointment with this card is expecting cashback on utility bill payments, insurance premiums, and wallet top-ups. These are excluded. Use a separate card (e.g. HDFC Millennia for Swiggy Dineout or Axis Ace for utility bills) for these categories. SBI Cashback earns only 1% offline vs 5% online. Pair it with a strong offline/fuel card — SBI SimplySave or HDFC MoneyBack — to maximise total annual return across your full spending portfolio. Year 1 joining fee of ₹999 is non-negotiable. From Year 2, spend ₹2,00,000 in your anniversary year (≈₹16,667/month) to have the renewal fee waived. This is very achievable if the card is your primary online card. Cashback appears on your next statement, 2 days after statement generation. Log into the SBI Card app monthly to verify the amount — cross-check against your eligible spend to catch any missed credits early.

SBI Cashback Credit Card Annual Fees

Joining Fee ₹999 + GST
Annual Renewal Fee ₹999 + GST
Annual Fee Waiver Condition Waived on spending ₹2,00,000 in the previous card anniversary year (from Year 2 onwards)
Finance Charge 3.75% per month (45% per annum)
Forex / International Markup 3.5% on international transactions
Cash Advance Fee 2.5% of withdrawal amount or ₹500, whichever is higher
Fuel Surcharge Waiver 1% waiver on ₹500–₹3,000 transactions. Max ₹100/cycle. No cashback on fuel.
Credit Limit Based on SBI Card's income and credit assessment. Typically ₹50,000+ for eligible applicants.

SBI Cashback Credit Card Eligibility & Documents

Age 21–65 years
Minimum annual income Minimum ₹20,000/month
Documents required PAN card, Aadhar Card and Latest salary slip or Form 16
Residency Indian Resident

Applying when ineligible creates a hard credit inquiry that may lower your CIBIL score. Verify your eligibility before applying.

How to Apply for SBI Cashback Credit Card

The application process is entirely online and takes about 5-7 minutes.

1

Fill the Application - Enter your personal and income details on this page. Card24.ai forwards your details securely to SBI Card's application system.

2

OTP Verification - Verify your mobile number and complete Aadhaar-based e-KYC. SBI Card's paperless process takes under 2 minutes.

3

Video KYC - SBI Card may schedule a short Video KYC session (2–3 minutes). Keep your PAN card handy. Usually completed within 24 hours of application.

4

Approval Decision - Most applicants receive a decision within 24–72 hours. Approved? Your virtual card is instantly available for online transactions.

5

Physical Card Dispatch - Your physical card arrives within 5–7 working days. Activate via the SBI Card app or call 1860 180 1290.

*T&C Apply

Frequently Asked Questions

You earn 5% cashback on all online transactions (capped at ₹2,000/month) and 1% on all offline transactions (capped at ₹2,000/month). Total maximum cashback is ₹4,000 per statement cycle. Cashback is auto-credited to your statement — no redemption needed. Note: online cashback does not apply to utility bills, insurance, fuel, rent, wallets, jewellery, railway tickets, and education fees.
The 5% online cashback is not applicable on: utility bill payments (electricity, water, gas, telephone), insurance premium payments, fuel purchases, rent payments, e-wallet top-ups (Paytm, PhonePe wallet loads etc.), jewellery, railway tickets (IRCTC), quasi-cash transactions, novelty items, and educational services. These transactions earn 0% — not even the 1% base rate. This is the most important exclusion list to know before applying.
Cashback is automatically credited to your SBI Card account within 2 days of the next statement generation date. You will see it reflected in your monthly statement. No manual claim is required. If cashback is missing for an eligible transaction, raise a dispute via the SBI Card app or call customer care at 1860 180 1290.
The joining fee and first-year annual fee are both ₹999 + GST — there is no waiver in Year 1. From Year 2 onwards, the ₹999 renewal fee is waived if you spend ₹2,00,000 in your card anniversary year (approximately ₹16,667 per month). This threshold is very achievable if you use this as your primary online card.
No. The SBI Cashback Credit Card does not offer any complimentary airport lounge access at any spend level. If lounge access is important to you, consider SBI Card PRIME (domestic + international) or HDFC Millennia, which offers lounge access as a quarterly milestone benefit.