SBI Cards
CASHBACK SBI Card
5% cashback on eligible online spends with straightforward statement credit.
Best forHeavy online shoppers who want simple cashback instead of points or miles.
- Annual fee
- ₹999Waived at ₹2 lakh annual spend
- Base cashback
- 1%
- Forex markup
- 3.5%
Credofly Verdict
Is this card a good fit?
CASHBACK SBI Card remains a strong general-purpose online cashback card, but the April 2026 caps materially limit very high monthly spending. Its simple automatic cashback is a major strength, while broad category exclusions, a standard forex fee and lack of travel benefits keep it firmly focused on everyday online spending.
What works well
- 5% cashback on eligible online spends
- 1% cashback on eligible offline spends
- Automatic statement credit
- ₹2 lakh annual-fee waiver threshold
- Simple cashback proposition
Consider before applying
- ₹4,000 total cashback cap per statement cycle
- Broad reward exclusions
- 3.5% forex markup
- No meaningful lounge benefit
- ₹999 annual fee unless waived
Rewards
How rewards work
- Reward type
- Cashback
- Base reward rate
- 1%
- Expiry
- Not applicable — cashback is automatically credited
Key limits & thresholds
- Earn 1% cashback on eligible offline spends, capped at ₹2,000 per statement cycle.
- Earn 5% cashback on eligible online spends, capped at ₹2,000 per statement cycle.
- Total online + offline cashback is capped at ₹4,000 per statement cycle.
Base rewards
Earn 1% cashback on eligible offline spends, capped at ₹2,000 per statement cycle.
Accelerated rewards
Earn 5% cashback on eligible online spends, capped at ₹2,000 per statement cycle. Total online + offline cashback is capped at ₹4,000 per statement cycle.
Redeeming rewards
Cashback is automatically credited to the SBI Card account within two working days after the next statement generation.
Reward exclusions
Current exclusions include utilities, insurance, fuel, rent, wallets, educational services, jewellery, railways, digital gaming, tolls and government-related transactions. Merchant EMI and Flexipay EMI transactions do not earn cashback.
Benefits
Travel and lifestyle privileges
Other benefits
- 1% fuel surcharge waiver on eligible fuel transactions of ₹500–₹3,000.
- Maximum fuel surcharge waiver of ₹100 per statement cycle.
Fees & Charges
What the card costs
- Joining fee
- ₹999
- Annual fee
- ₹999
- Forex markup
- 3.5%
- Annual-fee waiver spend
- ₹2 lakh
Annual-fee waiver
Renewal fee is reversed on annual spends of ₹2 lakh in the preceding year.
Eligibility & Application
Before you apply
- Application channel
- Online
Approval is subject to SBI Card's current eligibility, documentation, income and internal credit assessment.
Check eligibility ↗Credofly Review
The detailed view
CASHBACK SBI Card is one of the easiest cards to understand: eligible online purchases earn 5%, eligible offline purchases earn 1%, and the cashback automatically reaches the card account. That simplicity makes it an excellent everyday online-spend card.
The April 2026 revision makes spend planning more important. Online and offline cashback now have separate ₹2,000 caps with a ₹4,000 aggregate monthly cap, while several major categories are excluded. For moderate eligible online spending it remains highly competitive; very high spenders may hit the ceiling quickly.
Frequently Asked Questions
Answers before applying
What is the annual fee for CASHBACK SBI Card?
The annual fee is ₹999.
Can the annual fee be waived?
Yes. The annual fee can be waived on annual spending of ₹2 lakh.
What forex markup does this card charge?
The forex markup is 3.5%.
How does this card earn cashback?
Earn 1% cashback on eligible offline spends, capped at ₹2,000 per statement cycle. Earn 5% cashback on eligible online spends, capped at ₹2,000 per statement cycle. Total online + offline cashback is capped at ₹4,000 per statement cycle.
Who can apply for this card?
Approval is subject to SBI Card's current eligibility, documentation, income and internal credit assessment.
Is this card currently open for applications?
Applications are currently open.
