INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).

🏛️State Bank of India (SBI Card)Network: VisaShopping & Rewards CardsLast Verified: 2026-09-28

Cashback SBI Card

कैशबैक एसबीआई कार्ड

India's premier cashback credit card delivering an industry-leading 5% cashback on all online spends auto-credited directly to monthly statements.

Annual Fee₹999 + GST (Renewal: ₹999 + GST)

Reward Rate5% Cashback on all online spends without merchant restrictions (capped at ₹5,000 cashback per billing cycle). 1% Cashback on all offline retail spends.

Airport LoungeNo complimentary airport lounge access included with this pure cashback product.

Forex Markup3.50% + GST on foreign currency transactions.

What Is This Card

Cashback SBI Card is India's most popular pure cashback credit card, designed for savvy online shoppers who want straightforward statement credits rather than complicated reward catalogs. It offers an unbeatable 5% cashback on almost all online transactions regardless of merchant.

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

₹999 + GST (Renewal: ₹999 + GST)

Fee Waiver: Spend ₹2,00,000 or more in the preceding membership year to get the annual renewal fee of ₹999 reversed.

🎁Welcome Benefit

Zero joining fee offers often available digitally; direct 5% cashback auto-credited to statement from month 1 without merchant partner restrictions.

⚡Reward Points Structure

5% Cashback on all online spends without merchant restrictions (capped at ₹5,000 cashback per billing cycle). 1% Cashback on all offline retail spends.

Redemption Value: Direct Statement Credit: 1 Cashback Rupee = ₹1.00. Automatically credited to your SBI Card statement within 2 working days of monthly statement generation.

🛫Airport & Railway Lounge Access

No complimentary airport lounge access included with this pure cashback product.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Standard fraud liability cover up to credit limit under zero lost card liability.

Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 at all petrol pumps in India (maximum ₹100 per billing cycle).

🎯Milestone Spends & Grace Period

Milestones: Annual renewal fee waiver of ₹999 upon reaching annual retail spends of ₹2,00,000.

Interest-Free Period: 20 to 50 days.

What's Missing (Eligo's Honest Disclosures)

Fine-Print Exclusions & Realistic Costs

Strict monthly cashback cap of ₹5,000 per billing cycle. No airport lounge access. Excluded categories are comprehensive: utilities, insurance, school fees, rent, and jewelry do NOT earn any cashback. Offline spend earns only 1%.

Forex Markup Fee3.50% + GST on foreign currency transactions.

Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month.

Finance Charges (Interest)Up to 3.50% per month (42.00% per annum).

Late Payment SlabsNil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.

Reward Points ExpiryCashback does not expire as it is credited directly to your statement every month.

Categories Earning ZERO Rewards (Standard MITC Exclusion):Utility bills, insurance payments, fuel, rent, wallet reload/cash transfers, education payments, jewelry, and railway bookings.

Eligibility Criteria

Salaried corporate employees and self-employed professionals aged 21 to 70 years.

Age Requirement21 to 70 Years

Minimum Income₹3,60,000 per annum (Salaried) / ₹4,80,000 per annum (Self-Employed ITR)

CIBIL Score NoteA credit score of 740+ is recommended due to selective algorithmic approval criteria.

SBI RelationshipNot mandatory.

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/apply or open the YONO SBI app and select Cashback SBI Card.

2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).

3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).

4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).

5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).

6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.

Branch Application for Offline Applicants

Primarily digital-first product, but can be initiated via SBI branch tablets.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)

Documents Required

1. PAN Card

2. Aadhaar Card

3. Last 3 months' salary slips with bank statement OR Latest ITR.

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on Cashback SBI Card?

If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum). will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.

Can I convert transactions on Cashback SBI Card into EMI?

Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.

How do I track and redeem reward points or cashback on Cashback SBI Card?

You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. Direct Statement Credit: 1 Cashback Rupee = ₹1.00. Automatically credited to your SBI Card statement within 2 working days of monthly statement generation. Please note: Cashback does not expire as it is credited directly to your statement every month.

What is the interest-free grace period on Cashback SBI Card and how does it work?

The interest-free period on Cashback SBI Card is 20 to 50 days.. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum).) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.

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