Cashback SBI Card review: fees, rewards and eligibility
The Cashback SBI Card has a recorded annual fee of ₹999 plus GST and a base earn of 1% cashback on eligible offline point-of-sale spend. CardMasters checked its issuer terms on 2026-07-28. Affiliate commission never changes ranking; confirm final terms and approval with SBI Card.
Cashback SBI Card: short answer
The Cashback SBI Card is in the entry tier of SBI Card credit cards, with a joining fee of ₹999, an annual fee of ₹999 plus GST (waived on ₹2,00,000 of eligible annual spend), a base earn of 1% cashback on eligible offline point-of-sale spend and a 3.5% forex markup. Rewards are not earned on fuel, rent, wallet load, utility, insurance. It suits online shopping, cashback, first card spending; whether it beats a card you already hold depends on your own spend mix and redemption choices.
Source: CardMasters issuer-evidence catalogue, release 2026-07-28. Confirm final terms with the issuer.
Reward structure
1% cashback on eligible offline point-of-sale spend
- 5% cashback on eligible online spend on all online spends (₹2,000 monthly cap) — Online cashback is capped separately at ₹2,000 per statement cycle and is automatically credited after statement generation.
Eligibility and important limits
The issuer does not publish a card-specific approval cutoff in the current source. SBI Card does not publish a card-specific income or bureau-score cutoff on the current product page. Approval is assessed using the applicant's age, income, employment, credit history and other issuer policy factors. Approval remains solely at the issuer’s discretion.
Does not earn: fuel, rent, wallet load, utility, insurance, school, jewellery, railways, gift card, digital gaming, toll, government, merchant emi, flexipay emi.
Important limit: From 1 April 2026, online cashback is capped at ₹2,000 and offline cashback at ₹2,000 per statement cycle, with a ₹4,000 aggregate ceiling.
Frequently asked questions
What is the annual fee for the Cashback SBI Card?
The published annual fee in our current record is ₹999 plus applicable GST. It can be waived after ₹2,00,000 of eligible annual spend, subject to issuer terms.
How do rewards work on the Cashback SBI Card?
1% cashback on eligible offline point-of-sale spend. Accelerated routes include 5% cashback on eligible online spend on all online spends (₹2,000 monthly cap). Reward value depends on the eligible transaction route and redemption method.
Which transactions do not earn rewards on the Cashback SBI Card?
The current issuer-sourced exclusions recorded by CardMasters include fuel, rent, wallet load, utility, insurance, school, jewellery, railways, gift card, digital gaming, toll, government, merchant emi, flexipay emi. Merchant category coding and issuer terms determine final eligibility.
Who should consider the Cashback SBI Card?
It is most relevant for people focused on online shopping, cashback, first card. Whether it improves your wallet still depends on your actual spending, existing cards, fees and redemption choices.
Is the Cashback SBI Card worth it?
It is worth holding only when the rewards and benefits you will genuinely use exceed ₹999 plus GST each year. The fee is waived at ₹2,00,000 of eligible annual spend, so check whether you reach that without forcing spend. Value the rewards at a realistic redemption rate, not the issuer's best-case example.
What is the eligibility for the Cashback SBI Card?
SBI Card does not publish a card-specific income or bureau-score cutoff on the current product page. Approval is assessed using the applicant's age, income, employment, credit history and other issuer policy factors. Approval, credit limit and final pricing are decided solely by the issuer.
What is the forex markup on the Cashback SBI Card?
The recorded foreign-currency markup is 3.5% before GST. On ₹1,00,000 of international spend that is about ₹3,500 in markup, so compare it against any rewards earned on overseas transactions.
Does the Cashback SBI Card offer airport lounge access?
Domestic lounge access: none (removed). International lounge access: none. Spend conditions and guest charges are set by the issuer and can change.