SBI Cashback Credit Card Review
StandardSBI Card
Quick Facts
Joining Fee₹999
Renewal Fee₹999
Best ForCashback
Forex Markup3.50%
30-Second Verdict
Expert VerdictThe Cashback is a stellar cashback card, designed specifically to maximize direct savings on daily retail, grocery, and online spends with straightforward statement credits.
General Rewards
Who Should Apply
- You spend at least ₹2,00,000 annually to waive fees.
- You want a steady return rate of 1% on standard spends.
Who Should Skip
- Your average monthly card spends are less than ₹25,000.
- You prefer cash statement credits over travel reward point transfers.
Key Numbers
Base Reward Rate
1 RP / ₹100
Accelerated Rate
5X
Forex Markup
3.50%
Joining Fee
₹999
Annual Fee
₹999
Eligibility
Age: 21 - 70 Years
Requires monthly salary > ₹20,000 to ₹30,000.
Reward Point Mechanics
Understanding how your spends translate into real-world value is key. Here is how you earn, translate, and redeem your reward points.
Earning Blueprint
Accrual & MultipliersBase Earn Rate:1 RP / ₹100
Multipliers & Milestones:
Accelerated 5x5% yield
5% Cashback on online retail spends, capped at ₹5,000 per billing cycle.Point Translation
Value depends on how you redeemStandard Currency Point Value
1 Statement Credit Cashback = ₹1
when redeemed for flights/travelRedemption Values:
Statement Credit:₹1 per pt
Partner Transfers
Miles conversion ratiosAir Arabia AA RewardsRatio 2:1
AirAsia RewardsRatio 1:1
Air Canada AeroplanRatio 1:1
Flying BlueRatio 1:1
Air India Maharaja ClubRatio 1:1
British Airways Executive ClubRatio 1:1
Cathay Pacific Asia MilesRatio 1:1
Etihad GuestRatio 1:1
Emirates SkywardsRatio 2:1
Ethiopian ShebaMilesRatio 2:1
JAL Mileage BankRatio 2:1
Saudia AlFursanRatio 2:1
SpiceClubRatio 1:1
Royal Orchid PlusRatio 1:1
Turkish Miles &SmilesRatio 2:1
United MileagePlusRatio 2:1
Qantas Frequent FlyerRatio 1:1
Vietnam Airlines LotusmilesRatio 1:1
ALL - Accor Live LimitlessRatio 2:1
IHG One RewardsRatio 1:1
Club ITCRatio 2:1
Jumeirah OneRatio 2:1
Orchid RewardsRatio 1:1
Wyndham RewardsRatio 1:1
Shangri-La CircleRatio 6:1
Radisson RewardsRatio 1:1
Welcome to our comprehensive review of the SBI Cashback Credit Card. We decode the card's fee structure, reward rates, exclusions, and overall value to help you decide if it is the right card for you.
1. Airport Lounge Access
- Domestic lounges: None. Complimentary domestic lounge access has been discontinued.
- International lounges: None.
2. Rewards Rate & Value
- Online Spends: Earns 5% cashback on all eligible online spends.
- Offline Spends: Earns 1% cashback on all offline spends.
- Cashback Cap: Capped at ₹5,000 per statement cycle.
3. Important Exclusions
- No cashback is earned on rent, wallet loads, utility bills, insurance, school/educational fees, jewellery, railways, tolls, government spends, and EMI transactions.
4. Verdict
- Choose this card if you are an avid online shopper looking for a straightforward, high-yielding cashback card with auto-credited statement savings.
Exclusions & Caps Warning
- Spends on Rent, Government transactions, and Wallet Loads are excluded from the annual waiver threshold of ₹2,00,000.
- Fuel transactions do not earn standard reward points, but are eligible for a 1% surcharge waiver up to ₹500/month.
- Cashback is capped at ₹5,000 per billing cycle.
- Cash advances, balance transfers, and EMI conversions do not earn reward points.
Pros & Cons
Advantages | Disadvantages |
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Rewards Point Calculator
Estimate your annual rewards based on your customized spending profile. Slide the bars to adjust your spends and see the total reward points earned.
Total Reward Points Earned
7,000
Points / Year
Ranked Leaderboard
| Rank | Card Name | Issuer | Annual Fee | Cashback Rate |
|---|---|---|---|---|
| #1 | Cashback | SBI Card | ₹999 | 5% Online retail spends |
Editor's Top Picks
Best Value Return
SBI Card Cashback offers the best base yield on general spends.
Redemption Sweet Spots
Best Value Redemption Strategy: Redeeming points for statement credits yields poor value. Instead, transfer points to airline/hotel loyalty programs (like Marriott Bonvoy or airline miles) to secure maximum value per point.
Cardswise Score
8.5
Rewards10/10
Travel Perks2/10
Lifestyle5/10
Value for Money9/10
Frequently Asked Questions
Cashback
₹999 Joining Fee