The Cashback Credit Card provided by SBI Bank is a great option for those who seek rewards and cashback benefits in a credit card. This card offers maximum value-back on your online purchases without major restrictions.
If you want to know more about it, read further!
Features and Benefits
This card comes with the following features:
- Cashback,
- Hassle Free,
- No joining fee,
- Spend Based Reversal,
- Complimentary Domestic Lounge,
- Fuel Surcharge Waiver,
- Contactless,
- Worldwide Acceptance,
- Add-on Cards,
- Cash on the Go,
- Utility Bill Payment Facility,
- Balance Transfer on EMI.
Cashback
The Cashback follow this system:
- Get 5% Cashback on every online spend without any merchant restriction,
- Get 1% Cashback on all offline spends and utility bill payments.
It’s important to know that the Cashback benefits are not applicable on Rent Payments, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.
Hassle Free
The Cashback is auto-credited to your SBI Card account within two days of your next statement generation.
Spend Based Reversal
Reversal of Renewal Fee on annual spends of Rs.2 Lakhs.
Complimentary Domestic Lounge
Get 4 complimentary Domestic Airport Lounge visits in a year (1 visit per quarter).
Fuel Surcharge Waiver
Get a 1% Fuel Surcharge Waiver across all petrol pumps in India.
Add-on Cards
Your family members, above the age of 18, can also enjoy the benefits of the SBI Cashback Credit Card with the add-on cards utility.
Utility Bill Payment Facility
With this card, you can pay your electricity, telephone, mobile and other utility bills using the Easy Bill Pay facility.
Balance Transfer on EMI
Besides saving money while paying your credit card dues, you can transfer the outstanding balance of other banks’ credit cards to your CASHBACK SBI Card, and avail a lower rate of interest and pay back in EMIs.
Fees and Taxes
The charges of this card are the following:
| Fee/Charge | Amount/Rate |
| Joining Fee | Nil (till March 2023) |
| Annual/Renewal Fee | Rs. 999 |
| Finance Charges | 3.5% per month (42% p.a.) |
| Late Payment Fee* | For Statement BalanceLess than Rs. 500: NilRs. 500 up to Rs. 1,000: Rs. 400Rs. 1,000 up to Rs. 10,000: Rs. 750Rs. 10,000 up to Rs. 25,000: Rs. 950Rs. 25,000 up to Rs. 50,000: Rs. 1,100Amount over Rs. 50,000: Rs. 1,300 |
Eligibility Criteria
To apply for this card, you must consider some criteria:
- Age: 18 to 60 years,
- Credit Score: the card providers tend to favorise those with a credit score of 750 and above,
- Documents required: the documents required are:
- Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI,
- Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account,
- Proof of Income: The latest one or 2 salary slips (not more than 3 months old), Latest Form 16, and the last 3 months’ bank statement.
Click here to apply!