SBI Cashback Credit Card

Key Benefits and Features
Cashback Rewards: Get cashback on your everyday purchases with the SBI Cashback Credit Card. It’s like saving money while you spend on groceries, dining, fuel, and shopping.
Welcome Offers: Numerous credit cards, like the SBI Cashback Credit Card, offer welcome bonuses to new users, including cashback, reward points, or other perks for meeting spending requirements early on.
Fuel Surcharge Waiver: SBI Cashback Credit Card often provides a waiver on fuel surcharges at petrol pumps across India. This feature can be particularly beneficial for frequent drivers, as it helps save money on fuel expenses.
Reward Points: Earn reward points on every purchase in addition to cashback. Redeem for merchandise, vouchers, or statement credit.
Contactless Payments: More and more people are using contactless payments these days. With the SBI Cashback Credit Card, you can just tap your card to pay quickly and safely.
Flexible Redemption Options: The SBI Cashback Credit Card offers flexible redemption options for cashback or reward points, including statement credit, shopping vouchers, and more.

SBI Cashback Credit Card – eligibility, application, card variants.

Eligibility Criteria:

Age: The primary cardholder must be at least 21 years old. Supplementary cardholders usually need to be at least 18 years old.
Income: Applicants must meet the minimum income criteria set by SBI. This varies depending on the specific card variant and may be subject to change over time.
Credit Score: You usually need a decent credit score to get approved. SBI checks your credit history, income, and current financial stuff to see if you’re good to go.
Residency: Candidates must demonstrate residency in India or provide documentation verifying their residency status.

Application Process:

Apply online for the SBI Cashback Credit Card via the official website or third-party aggregators. Fill out an application form with personal, financial, and contact details.
Offline Application: Alternatively, applicants can visit an SBI branch or contact SBI customer service to inquire about the application process and submit their application manually.
Documentation: To apply, give SBI your ID (like an Aadhaar card or passport), address proof (like utility bills or rental agreements), income proof (like salary slips or tax returns), and any other documents they need.
Verification and Approval: Once you’ve applied, SBI checks your information and sees if you’re eligible. If you’re good to go, they’ll send you your new credit card.

Card Variants:

The SBI Cashback Credit Card offers various versions with different features, benefits, and eligibility criteria.

SBI SimplyCLICK Credit Card: This variant offers cashback and rewards on online shopping, dining, and other categories, along with welcome offers on select online merchants.

SBI SimplySAVE Credit Card: Earn cashback and rewards on everyday spending like groceries, dining, movies, and more, perfect for saving on regular expenses

SBI Prime Credit Card: This premium variant offers a range of benefits, including accelerated rewards, milestone bonuses, complimentary airport lounge access, and exclusive privileges across dining, lifestyle, and travel categories.

SBI FBB StyleUP Credit Card: Fashion variant with cashback, rewards, and discounts at Big Bazaar and partner stores for fashion enthusiasts.

SBI BPCL Credit Card: For frequent fuel buyers: Get cashback and rewards at BPCL pumps, plus fuel surcharge waivers & bonus rewards.

Clarifying the Fees Structure

As of my last update, terms and fees for SBI Cashback Credit Cards may vary by card type and region.

Fee Type	SBI SimplySAVE Card	SBI SimplyCLICK Card	SBI Card PRIME
Joining Fee	Rs. 499	Rs. 499	Rs. 1,499
Annual Fee	Rs. 499 (Waived if annual spends exceed Rs. 1,00,000)	Rs. 499 (Waived if annual spends exceed Rs. 1,00,000)	Rs. 1,499 (Waived if annual spends exceed Rs. 3,00,000)
Add-on Card Fee	Nil	Nil	Nil
Finance Charges	3.35% per month (40.2% annually)	3.35% per month (40.2% annually)	3.35% per month (40.2% annually)
Late Payment Charges	Rs. 0 to Rs. 950, depending on the due amount	Rs. 0 to Rs. 950, depending on the due amount	Rs. 0 to Rs. 950, depending on the due amount
Over-limit Charges	2.5% of the over-limit amount (minimum Rs. 500)	2.5% of the over-limit amount (minimum Rs. 500)	2.5% of the over-limit amount (minimum Rs. 500)
Cash Advance Fee	2.5% of the transaction amount (minimum Rs. 500)	2.5% of the transaction amount (minimum Rs. 500)	2.5% of the transaction amount (minimum Rs. 500)

Cashback Rewards Structure and How it Works

Categories for Cashback: Earn cashback on specific spending categories like groceries, dining, fuel, utilities, and online shopping with these cards. Rates vary per category.
Cashback Rates: Cashback rates differ by spending category. Groceries may earn more cashback than fuel.
Minimum Spend Requirement: Some credit cards require you to reach a minimum spend threshold within a billing cycle to qualify for cashback. Make sure to check if your card has this requirement.
Cashback Cap: You may hit a cashback limit per billing cycle or specific period. After that, no more cashback until the next cycle or period.
Billing Cycle: Cashback rewards are usually calculated at the end of each billing cycle. The amount you’ve earned will be reflected in your credit card statement.

Attention!

Your Cashback SBI Card won’t give you any cashback on the categories listed as ‘excluded.

Fuel
Wallet Loading
Balance Transfer
Jewellery Purchases
Educational Transactions
Utilities Bill Payments
Gifting
Gifting
Rent Payment
Merchant EMI Transactions

Terms and Conditions: It’s important to review the terms and conditions of your SBI Cashback Credit Card to understand any limitations, exclusions, or changes to the cashback program.

Redeem Cashback Rewards with Available Options

Redeem your SBI Cashback Credit Card rewards with multiple options.

Statement Credit: This is one of the most common options. You can redeem your cashback rewards as a statement credit, which reduces the balance you owe on your credit card bill.
Direct Deposit: Some credit card issuers allow you to deposit your cashback rewards directly into your bank account.
Gift Cards: You might be able to redeem your cashback rewards for gift cards from various retailers or online platforms.
Merchandise: Some credit card issuers have partnerships with retailers, allowing you to redeem your cashback rewards for merchandise from those stores.
Travel Rewards: If your SBI Cashback Credit Card offers travel rewards, you might be able to redeem your cashback for airline tickets, hotel stays, or other travel-related expenses.
Charitable Donations: Some credit card issuers allow you to donate your cashback rewards to a charitable organization.

Reward Points on Specific Categories

Category	Reward Options
Travel	Flight Tickets: Redeem points for booking flights.
	Hotel Stays: Use points for hotel reservations.
	Car Rentals: Redeem points towards car rental fees.
Gifts	Electronics: Choose from a variety of gadgets.
	Fashion Accessories: Redeem for stylish items.
	Home Appliances: Upgrade your living space.
Cashback	Grocery Shopping: Earn cashback on grocery purchases.
	Dining Out: Get cashback when dining at restaurants.
	Fuel Expenses: Earn cashback on fuel purchases.

Compare to other cashback cards

Card Name	Cashback Rate	Annual Fee	Minimum Income Requirement	Key Benefits
SBI Cashback Card	Up to 1.75%	Rs. 499 (waived for spending Rs. 1 Lakh in a year)	Rs. 2 Lakhs	1.75% cashback on all grocery spends, 1% fuel surcharge waiver, 2.5% cashback on all departmental store spends, etc.
HDFC MoneyBack Card	Up to 2%	Rs. 500	Rs. 2 Lakhs	2 reward points per Rs. 150 spent, fuel surcharge waiver, exclusive discounts on dining and entertainment, etc.
ICICI Amazon Pay Card	Up to 5%	Nil	Nil	5% cashback on movie ticket purchases, telephone bill payments, and utility bill payments, 0.5% on other spends, no cap on cashback, etc.
Axis Flipkart Card	Up to 5%	Rs. 500	Rs. 6 Lakhs	5% cashback on movie ticket purchases, telephone bill payments, and utility bill payments, 0.5% on other spends, no cap on cashback, etc.
Citi Cashback Card	Up to 5%	Nil	Nil	5% cashback on movie ticket purchases, telephone bill payments, and utility bill payments, 0.5% on other spends, no cap on cashback, etc.

FAQs

Q. Does SBI cashback card have lounge access?

Get up to 5% cashback on all purchases with the Cashback SBI Card, plus a fuel surcharge waiver. No lounge access included.

Q. Which SBI Card are eligible for lounge access?

Credit Card	Lounge Access Benefits
SBI Card PRIME	8 complimentary domestic and 4 international lounge access every year.
Air India SBI Signature Card	8 complimentary domestic lounge access every year
Etihad Guest SBI Card	8 complimentary domestic lounge access every year.

Q. What is the cashback rate of SBI cashback credit card?

Get 5% cashback on all online transactions with the Cashback SBI Card.

Q. What is cashback percentage?

Credit card companies use cashback to incentivize credit card spending. It rewards cardholders with a percentage of their eligible purchases.

Q. How to calculate cash back?

Your cash back calculation: Purchase Price x Cash Back Percentage (as a decimal) = Cash Back Total. For instance, buying $75 sneakers with 1.5% cash back yields $1.125.

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