SBI Cashback Credit Card Review 2026
SBI Cashback Credit Card: 5% on all online spends (no merchant restrictions), 1% offline, auto-credited monthly. ₹999/year, waived at ₹2L. Apply online in 5 minutes. 2026 review. Previously marketed as the SBI Card Sprint, this card was relaunched as the SBI Cashback Credit Card in 2022 and remains India's only flat 5% cashback card with no merchant restrictions.
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 bill payments, insurance, fuel, rent payments, wallets, jewellery, railway tickets and education — SBI Cashback credit card utility bill payment and rent payment earn 0% cashback, not even the 1% base rate
- ₹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?
Formerly marketed as the SBI Card Sprint, this card was relaunched as the SBI Cashback Credit Card in 2022 with the same 5% online cashback structure.
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
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) |
| Charges | Late payment fee, over-limit fee, and cash advance charges apply as per SBI Card standard schedule. Finance charge: 3.75%/month. Full charges schedule at sbicard.com/mitc. |
| 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 | Assigned individually by SBI Card based on income, CIBIL score, and credit assessment. Typically ₹50,000–₹3,00,000 for eligible applicants. Check your SBI Cashback credit card limit in the SBI Card app post-issuance. |
SBI Cashback Credit Card Eligibility & Documents
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.
Apply for SBI Cashback Credit Card online (Fill the Application) - Visit sbicard.com or this page to apply for SBI Cashback Credit Card online. Enter your personal and income details - Card24.ai forwards your details securely to SBI Card's application system.
OTP Verification - Verify your mobile number and complete Aadhaar-based e-KYC. SBI Card's paperless process takes under 2 minutes.
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.
Approval Decision - Most applicants receive a decision within 24–72 hours. Approved? Your virtual card is instantly available for online transactions.
Physical Card Dispatch - Your physical card arrives within 5–7 working days. Activate via the SBI Card app or call 1860 180 1290.