SBI Cashback Credit Card
Flat 5% cashback on online spends — auto-adjusted to your bill
Network: Visa | Type: Cashback | Reward: Cashback
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Fees & Charges
- Joining Fee: ₹999 + GST
- Annual Fee: ₹999 + GST
- Waiver: Not available
- Foreign Markup: 3.5% + GST
- Fuel Surcharge: 1% waiver up to ₹100/month (on ₹500–₹3,000 spends)
- Redemption Fee: None
- Late Payment Fee: ₹400 – ₹1,300 depending on bill amount
- Interest Rate: 3.5% per month
- Cash Advance: 2.5% or ₹500 minimum
Credofly Review
The SBI Cashback Credit Card is the closest you’ll get to a real cashback credit card in India. While most banks offer reward points that confuse and expire, SBI gives you straight 5% money back on online transactions — credited directly to your bill.
This makes the card perfect for someone who wants to earn with every swipe, without thinking about redemption values, portals, or conversion ratios. Offline spends earn 1% — still better than many low-value reward programs.
At ₹999/year, it’s priced higher than zero-fee cards — but the cashback easily makes up for it if you spend even ₹20K/month online. There’s no lounge access, no vouchers, no gimmicks. Just cashback that feels real.
Rewards & Earnings
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5% cashback on online transactions
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1% cashback on offline transactions
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Max ₹5,000 cashback per statement cycle
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Cashback is directly adjusted in your next bill (no points or vouchers)
No redemption process needed — cashback is auto-credited to your statement each billing cycle.
Benefits
- Welcome:
None currently. Value comes from cashback structure.
- Milestone:
None
- Renewal:
None, but cashback earned can easily offset the ₹999 annual fee.
- Lifestyle:
Why We Like It
India’s only real cashback card — no fine print, no rewards jargon. Just money back every month on your bill.
Pros & Cons
✅ Pros
5% cashback on all online transactions (up to ₹5,000/month)
Cashback auto-credited to bill — no redemption or points
Flat 1% on all offline spends (no cap)
❌ Cons
No cashback on fuel, rent, wallet loads, etc.
₹999 annual fee (no waiver benefit)
No airport lounge access or premium perks
Eligibility & Application
Eligibility:
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Age: 21–65
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Income: ₹25,000+/month
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Good credit score (CIBIL 700+)
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Indian resident
How to Apply:
Apply online in 2 mins:
👉 Click here to apply via Credofly
Instant eKYC approval. Submit PAN + Aadhaar + income proof. Physical card delivered within 5–7 working days.
FAQs
Is the 5% cashback applicable on Amazon & Flipkart?
Yes, all eligible online merchants qualify, including Amazon, Flipkart, Myntra, Swiggy, etc.
How is the cashback credited?
Directly to your credit card statement — no rewards portal or conversion required.
What’s the max cashback per month?
₹5,000/month is the maximum cashback per billing cycle.
Are there any joining bonuses?
No, this card has no welcome offer.
Is rent or wallet load eligible for cashback?
No, these are excluded categories.
User Reviews
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