SBI Card · Entry cashback card
Cashback SBI Card
India's simplest flat-cashback card: 5% on any online merchant, auto-credited to your statement. Devalued effective 1 April 2026 with tighter caps and new exclusions — still strong for online-first spenders who stay inside the limits.
Fees & welcome
Annual / renewal fee
₹999 + applicable taxes.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Fee waiver
Renewal fee waived on annual spends of ₹2,00,000 or more in the preceding year.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Welcome benefit
None — this card's value is entirely in the ongoing cashback.
Last reviewed 2026-06-19 — confirm on official page
Earn rates
5% cashback on online spends and 1% cashback on offline spends (POS at merchant outlets).
Verified · SBI Card - Revision in CASHBACK SBI Card benefits (effective 1 April 2026) · 2026-06-19 · source
Lounge & forex
Lounge access
No lounge access — this is a pure cashback card with no travel perks.
Last reviewed 2026-06-19 — confirm on official page
Forex markup
3.5% of the transaction value.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Who it's for
Best for
- Online-first spenders with ₹20–40k/month of eligible purchases.
- People who want zero redemption effort — cashback auto-credits to the statement.
- First premium-adjacent card holders who want simple, predictable value.
Not ideal for
Anyone routing government, tax, toll, utility, or rent payments (all excluded), heavy spenders who blow past the ₹2,000 monthly cap, or travellers wanting lounge access.
Fees & charges
Interest-free period
20 to 50 days on retail purchases, when the previous statement balance is paid in full.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Charge
- Finance charge 3.75% per month (45% per annum) on unsecured cards.
- Cash advance fee 2.5% of the amount (minimum ₹500).
- Dynamic currency conversion markup 3.5%. 1% fuel surcharge waiver (excluding GST) on eligible fuel transactions.
- A ₹199 processing fee applies to every rent transaction, and a 1% fee applies to utility spends above ₹50,000 per billing cycle, to wallet loads above ₹1,000, and to education payments via third-party apps.
- Rewards redemption fee ₹99.
Verified · SBI Card - Key Fact Statement · 2026-06-19 · source
Rewards
Reward cap
Effective 1 April 2026, cashback is capped per statement cycle at ₹2,000 on online spends and ₹2,000 on offline spends - a maximum of ₹4,000 per statement cycle.
Verified · SBI Card - Revision in CASHBACK SBI Card benefits (effective 1 April 2026) · 2026-06-19 · source
Reward exclusion
Verified · SBI Card - Revision in CASHBACK SBI Card benefits (effective 1 April 2026) · 2026-06-19 · source
Official sources
Verified 2026-06-19 · facts from the official issuer page. Issuers may change fees, earn rates, lounge counts and waivers without notice — always confirm before applying.