SBI Cashback Credit Card Review

SBICARD recently launched their first Unbetable Cashback Credit Card, that named SBI Cashback Credit Card, this card Offers 5% Cashback on online Spends Without any merchant restrictions, this card is very good Credit Card compare to all Credit Card offers by various banks in this Category, but every story have two side That all we discuss in this Blog. it is good card for beginners or entry level cards. Here’s all you need to know about this must-have cashback credit cards for 2024.

Overview

Name	SBI Cashback Credit Card
Type	Cashback Credit Card
Eligibility	750+ CIBIL and good Credit History
Best For	5% Cashback on all Online Spends
USP (unique selling point)	No any Merchant restrictions
Fuel Surcharge	1% fuel surcharge waiver capped 100Rs per month

If your are a beginner and looking for a good Credit Card for spends online platforms like Amazon, Flipkart etc, then this card can have a good credit card for Your needs, it comes with 5% cashback which is pretty good compared to premium credit cards of different banks when it comes to reward rates on online spends.

Fees and Charges

Joining Fees	999 INR + 18%GST
Welcome Benefits	———-
Renewal Fees / Annual Fees	999 INR + 18%GST
Addon Fees	NIL
Renewal Fee reversed	Spend 2 Lakhs in Year
Interest Rates	3.5% per month (42% per annum)

SBICARD not provide any benefits on paying Joining Fees And Renewal Fees on this card But this does not matter much for SBI cashback card, because you can anyway get the same amount of cashback by spending online.

Design

The Design of Sbi Cashback Credit Card is very simple and comes in plastic from as Shown above picture. in card upper corner have SBICARD logo and in mid logo of SBI cashback card and in bottom your name and card type and in back side your card details will be given like card number, expiry date and cvv

Rewards

SPEND TYPE	CASHBACK PERCENTAGE
ONLINE SPENDS	5%
OFFLINE SPENDS	1%

Maximum cashback you can earn in Online spends and Offline Spends is 5000 INR per Statement Cycle

Cashback you earn on particular Month will get credited within 2 days after statement generation

NOTE : Cashbacks are not Applicable on Merchant EMI and Flexipay EMI transactions, and also on Following Categories: Insurance Payment, Utility Bill Payments, Fuel, Rent, Wallet, School and Educational Services, Jewelry, Railways etc.

It gave 5% cashback on all popular websites or daily needs website that you can imagine except above mentioned websites.

This is the best cashback credit card in india as of now that gives 5% cashbacks without any merchant restrictions

Cashback Calculation

In this card max cap of cashback is 5000 rs per month, including both on online and offline spends, Suppose you made an online transaction on eligilbe 5% cashback category merchant worth 1 lakh rupees and offline transaction of 80000 on eligible 1% cashback category merchant then your cashback will be calculated as :-

5% of 1 lakh = 5000 INR
1% of 80000 = 800 INR

The total ammount including both online and offline spends adds up to Rs 5800. But you only receive Rs 5000 because this is the maximum cap on the cashback you can earn afte that your spends will not eligible for any cashback

Cashback Fulfilment

The eligible cashback of particular months will get credited on your card afte 2 days of statement generation and you also get notified by the bank with SMS or email,

For example – if You statement generation date is 9th September your cashback will get credited on 12th September in you card you can also check by login in SbiCard application or website

Lounge Access

Sbi Cashback credit card does not provide any Airpot or Railways launge access facilities with this card

Credit Limit Issues

This is the very known issues with sbi, they give very low credit limit in particular this credit card that can low as 10000 INR no matter what is your cibil score or Current Salary Credit Limit is Decided by the bank only
This happens when you make your choice to get Cashback card only if you will go with other cards then may be limit will be good

And if you have Already any sbi credit card with decent limit, and you apply for a new Sbi Cashback Credit card and get very low limit then You can call Anytime SBICARD helpline numbers and tell them to transfer limit from existing credit card to new one card, they can do for you and in you sbi card app it will reflect instant

My Personal Experience

I applied this card and got instant soft approval and after video kyc within 3 days i got SMS you card is approved and after 2 days card deliverd on my Communication Address

Sbi cashback card is best for all online spends that gives 5% cashbacks without merchant restrictions that not given by any other banks

Should you Apply or Not?

I will gave you geniune advise, I am not promoting any affiliate links or not sbicard giving me any sponsorship for this blog

if You spends online platforms like Amazon, Flipkart, myntra, bigbasket etc then this card is very good for online shoping you can earn decent ammount of cashback per month then you should must go for it

and If you spends are mostly offline, then you should not go for it consider another best cards that can gave you decent reward rates on offline spends

PROS	CONS
5% cashback on Online and 1% cashback on Offline Spends	several categories also excluded form 1% cashback
Good for Normal and day to day online spends	Complimentary Lounge Access not provided
Best for some card that does not offer 5% reward rate	Instant dicount not available for Cashback card so two offers cannot clubbed

Conclusion

• CreditCard Hub Rating : 4.1/5

5% reward rate is vey good on almost all necessary online spends, so SBI cashback credit card is best Cashback credit card ever

and also remember 5% cahback max cap is 5000 INR per month that can be for Promotion purpose also, Bank holds all rights to modify their terms and conditions and in future any thing Can be Happen no one can Predict it

Do you have SBI Cashback Credit Card? Share you Experience and thoughts in Comments below