SBI Cashback Credit Card
SBI · VISA★ 4.5/ 5
✓ Details last verified 1 Jan 2025
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Key features
What this card is built to do — the highlights that actually matter.
5% on Online Shopping
5% cashback on all online spends
1% on Other
1% cashback on offline spends
Annual Fee Waiver
Fee of ₹999/yr fully waived when you spend ₹2,00,000/year
💰 CASHBACK STRUCTURE
How much you earn back on each type of spend — no points math required.
5.0%
online shopping cashback
1.0%
Base rate (all other spends)
₹5,000
Monthly cap (accelerated)
- 5.0% cashback on online shopping
- 1.0% on all other spends — no restrictions
- Accelerated cashback capped at ₹5,000/month
Amit shops online exclusively — Amazon for electronics, Myntra for clothes, Swiggy for food, MakeMyTrip for travel. All online. SBI Cashback gives a flat 5% on every online transaction regardless of merchant. His ₹15,000/month online spend earns ₹9,000/year (₹5,000 monthly cap = max ₹60,000/year benefit). The ₹999 fee is waived at ₹2L annual spend, which he clears in six weeks.
Who is this for?
The card for online-first spenders who are not loyal to one platform. Amazon, Myntra, BookMyShow, MakeMyTrip, Zomato — all earn 5% with no merchant restriction. If your online spend is ₹8,000+/month and spread across multiple sites, this beats every co-branded card.
At a glance
Full reward structure
What you earn on every rupee, per spend category. Rates assume 1 pt = ₹1.00. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | cashback | 5% | ₹5,000 |
| Other | cashback | 1% | — |
Online Shopping: 5% cashback on all online spends
Other: 1% cashback on offline spends
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying.
Perks & benefits
Estimated annual value beyond rewards.
1% fuel surcharge waiver, max ₹100/month
Should you get it?
- Best for: Heavy multi-platform online shopper, Does not want to remember merchant-specific cashback lists, Monthly online spend ₹8,000–80,000, Wants the highest broad-base online cashback card in India
- Mid tier — a solid all-rounder for steady monthly spend.
- Strongest value if you spend heavily on Online Shopping (5% back).
Pros
- Flat 5% on ALL online transactions — Myntra, MakeMyTrip, Netmeds, BookMyShow all earn the same rate
- ₹2L annual spend waives the ₹999 fee — six weeks of normal online shopping
- Automatic cashback credited to statement — no redemption required
- Covers every online merchant without exception — UPI QR codes on apps earn 5% too
Cons
- Monthly cap of ₹5,000 cashback — spenders above ₹1,00,000/month online earn 1% on the excess
- 1% on offline spends — use a dedicated card for supermarket and petrol purchases
- 3.75% forex markup — do not use this for international transactions
Eligibility & documents
DOCUMENTS REQUIRED
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Latest 3 months bank statement
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Statement Credit: Cashback points credited directly to statement — the default, most convenient option. (₹1.00/CashPoint)
- 🎁HDFC SmartBuy: Use CashPoints to book travel on SmartBuy portal. (₹1.00/CashPoint)
What your cashback are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Direct cash adjustment — no conversion
The concern
SBI has already trimmed it once (waiver removal, cap structure) — the card is popular enough that further devaluation risk is permanent.
Bottomline
CardAdvisor Rating: 4.5 / 5SBI Cashback's pitch is unbeatable in its simplicity: every online transaction, 5%, done. It removed the homework from cashback optimisation and forced the whole industry to respond. Still the best single card for platform-agnostic online spenders.
SOURCES & VERIFICATION
Fees, reward rates, and benefits for the SBI Cashback Credit Card are taken from SBI's official Most Important Terms & Conditions (MITC) and fee schedule — see the issuer's official page. Last verified 1 Jan 2025. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Similar & related cards
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HSBC Live+ Credit Card
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ICICI Bank Coral Credit Card
Lower annual fee, similar tier
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