State Bank of India
SBI Cashback Credit Card
4.5 / 5visa
- Joining fee
- ₹999
- Annual fee
- ₹999
- Base reward
- 1%
- Min income
- —
- Forex markup
- 3.5%
- Interest p.a.
- 45%
Where it earns
| Category | Rate | Monthly cap |
|---|---|---|
| Online shopping | 5% | ₹2,000 |
| Everything else | 1% | ₹2,000 |
Benefits
- ▸5% cashback on all online spends (no merchant restriction), capped at ₹2,000 per statement cycle
- ▸1% cashback on all offline (POS) spends, capped at ₹2,000 per statement cycle
- ▸Maximum total cashback of ₹4,000 per statement cycle
- ▸1% fuel surcharge waiver (₹500–₹3,000 transactions, max ₹100 per statement cycle)
- ▸No cashback on fuel, utilities, insurance, rent, wallet loads, education, jewellery, railways, gaming, tolls, government and EMI transactions
- ▸Contactless payment enabled; international usage enabled
- ▸Add-on cards for family members
The good
- + Flat 5% cashback on all online spends with no merchant restrictions
- + Simple, easy-to-understand cashback structure
- + Renewal fee waiver on ₹2 lakh annual spend
The catch
- − Online cashback capped at ₹2,000 per statement cycle (₹4,000 total)
- − No cashback on fuel, utilities, insurance, rent, education and several other categories
- − No lounge access or travel benefits