SBI Cashback Credit Card: Benefits and Features

The SBI Cashback Credit Card is for people who want to save money every month effortlessly. This card gives you up to 5% cash back on purchases, which makes your everyday spending more valuable.

You can save up to ₹5,100 on your bills every month, whether you shop online or in person. Moreover, you can get extra savings on petrol. 

So, if you want to save as much money as possible each month while enjoying different useful benefits, check out the SBI Credit Card main features, fees, and benefits of the card before applying.

SBI Cashback Credit Card Features

• You can get a 5% cashback if you use your SBI Cashback Credit Card for online spending.
• As there is no merchant restriction, you can use this credit card for your chosen merchant.

Some other SBI Cashback Credit Card features are as follows:

• You can get a 1% cashback on offline purchases.
• The card offers a 1% fuel surcharge waiver across all petrol stations in India on transactions between ₹500 and ₹3,000. Notably, you can get up to ₹100 as a fuel surcharge waiver every statement cycle for your credit card.
• You can withdraw cash from over 1 million VISA worldwide.
• As a cardholder, you can use this card at over 24 million outlets globally, including around 3,25,000 outlets in India.

SBI Cashback Credit Card Charges

The charges for your SBI Cashback Credit Card differ for primary and add-on cardholders. Here is how it works:

For Primary Cardholders - 

• Joining fee: ₹999
• Annual renewal fee: ₹999
• Annual fee waiver available if you spend at least ₹2 lakh in the previous year

For Add-On Cardholders - 

• No fee is required to use the card

Furthermore, the SBI Cashback Credit Card interest rate is up to 45% annually, that is, up to 3.75% monthly. 

So, to avoid any hefty charges on your Cashback SBI Credit Card bill, make sure to pay the bill on time with PICE. You can stay in control of your payments and save more each month with PICE’s hassle-free, secure and fast payment system!

Suggested Read: SBI Lifetime Free Credit Card

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Terms & Conditions Associated with SBI Cashback Credit Card

To properly understand the SBI Cashback credit card eligibility, it is essential to keep in mind a few terms and conditions that have been discussed in detail below:

• Cashback is credited to your account within 2 days from the statement generation date.
• You can earn only up to ₹5,000 as cashback each month.
• The card supports contactless payments up to ₹5,000 per transaction on POS machines.
• Cashback (5% online, 1% offline) is not applicable on transactions in certain categories such as utility payments, insurance services, fuel, rent, wallets, school & educational services, jewellery, railways, etc.
• The total cashback you can earn in one billing cycle is capped, ensuring controlled rewards distribution.
• Using the card implies that you accept all terms and conditions laid out in the cardholder agreement.
• SBI Card may update fees, benefits, or terms, and continued card usage indicates acceptance of those amendments.

Tips on How to Use Your SBI Cashback Credit Card

SBI Cashback Credit Card comes with a pre-set PIN. You need to memorise it to use the card, as you cannot change the PIN. However, in case you forget the PIN, you can connect with SBI Card Helpline to reissue a new PIN. 

You can additionally check out the following tips to use your card efficiently:

• If you wish to transfer your SBI Cashback Credit Card to another SBI card, you can seamlessly go ahead without losing your cashback credits on your SBI card account. The cashback reflects on your account after 2 days from the transfer date automatically.
• You can transfer the outstanding balance from any other credit card to your SBI Cashback Credit Card within 2 to 3 working days. Ensure the balance you transfer is at least ₹5,000 and no more than 75% of your credit card limit.
• Ensure you take the necessary actions after entering your PIN at a machine to avoid retention or ejection. If your card is retained, you will have to request reissuance by paying the applicable card replacement fee. You will additionally have to activate the new credit card before you can use it.

To avoid paying additional fees for your Cashback SBI Credit Card, such as late payment fees and interest on outstanding balance, you can add it to the PICE app to get reminders on the credit card bill due date.

Download the PICE app now to pay your bill on or before the due date, without delay or hassle!

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