State Bank of India
SBI Cashback Credit Card
Data last verified: 11 October 2026
- Joining fee₹999 + GST
- Annual fee₹999 + GST
- Reward rate1% base, up to 5% on online shopping
Takes you straight to the application. We earn a commission if you are approved, and you pay nothing extra.
- Joining fee₹999 + GST
- Annual fee₹999 + GST
- Fee waiverOn ₹2 lakh spend a year
- Forex markup3.5%
- Interest (APR)3.75% a month, 45% a year
- Fuel surcharge waiver1%
- Fuel waiver cap₹100 a month
SBI Cashback pays 5% on online spends at almost any website, not just one brand, and 1% on offline spends. Cashback is credited automatically, so there are no points to redeem. From April 2026 each rate is capped at Rs 2,000 a month, which means the 5% stops at Rs 40,000 of online spend.
It costs ₹999 a year plus GST and the fee is waived once you spend ₹2 lakh in the year. If you shop online regularly, a few months of 5% cashback covers the fee.
It suits people who buy most things online across many sites. The catch is a long exclusion list: utilities, insurance, fuel, rent, wallets, education, jewellery, railways and EMIs earn nothing, and it has no lounge access.
Best for: Heavy online shoppers, People who want plain cashback, not points, Shoppers who use many different websites.
01SBI Cashback Credit Card Rewards and Benefits
02SBI Cashback Credit Card Annual Fee and Charges
- Joining fee
- ₹999 + GST
- Annual fee
- ₹999 + GST
- Spend-based waiver
- Annual fee waived on ₹2 lakh spend in a year (rent and wallet loads not counted)
- Rewards redemption fee
- Nil
- Forex markup
- 3.5%
- Interest rate
- 3.75% a month (45% a year)
- Fuel surcharge waiver
- Yes, up to ₹100 a month
- Card replacement
- Not published
03What It's Worth, in Rupees
If you spend ₹20,000 a month on this card:
- ₹5,000 on online shopping, earning 5%₹250
- ₹15,000 on everything else, earning 1%₹150
- Back each month, ₹4,800 a year₹400
- Annual fee with 18% GST (waived at this spend)₹0
- In your pocket each year₹4,800
Worked out from this card's reward rates, caps and fee in our data; a rate limited to named merchants is not counted here. Your own spending will differ: see what this card is worth at your spend.
Good for
- Online shopping: 5% back, up to ₹2,000 a month
- Spending ₹16,667 or more a month: the ₹1,179 fee is waived
Skip it if…
- you spend less than ₹16,667 a month (₹2,00,000 a year, rent and wallet loads not counted): the ₹1,179 fee is then charged
- most of your spending is fuel, utility bills, rent or insurance: those earn nothing on this card
- you pay mostly by UPI: a Visa or Mastercard card cannot pay by UPI
- you rarely spend on online shopping: the 5% rate applies only there, everything else earns 1%
- you often pay in foreign currency: 3.5% is added to every foreign spend
- you sometimes pay only the minimum due: interest of 3.75% a month (45% a year) outweighs any reward
04Product Details
- ₹999 joining and annual fee, waived at ₹2 lakh yearly spend
- 5% cashback on online spends, capped at ₹2,000 a month
- 1% cashback on offline spends, capped at ₹2,000 a month
- Cashback credited automatically to the card
- 1% fuel surcharge waiver, up to ₹100 a month
- 3.5% forex markup
05Pros and Cons
Pros
- 5% works on most online merchants
- No points to track or redeem
- Up to ₹4,000 cashback a month across both caps
Cons
- No cashback on utilities, insurance, fuel, rent, wallets or EMIs
- 5% stops after ₹40,000 online spend a month
- No airport lounge access
- 3.5% forex fee
06How SBI Cashback Credit Card earns Rewards
1% base, up to 5% on online shopping. The normal rate is capped at ₹2,000 a month.
| Spend category | Rate | Monthly cap | Where it applies |
|---|---|---|---|
| UPI payments (scan and pay) | Earns nothing | - | a Visa or Mastercard card cannot pay by UPI |
| Online shopping | 5% | ₹2,000 | All merchants in the categoryTerms: 5% cashback on online spends outside the excluded categories (utilities, rent, wallet etc.); cap cut to ₹2,000 a month from Apr 2026 (5% stops at ₹40,000 online) |
| Dining and food delivery | 1% | No cap | The card's normal rate |
| Groceries | 1% | No cap | The card's normal rate |
| Travel: flights, hotels, trains | 1% | No cap | The card's normal rate |
| Fuel | Earns nothing | - | earns nothing on this card |
| Bills and recharges | Earns nothing | - | earns nothing on this card |
| Rent | Earns nothing | - | earns nothing on this card |
| Insurance premiums | Earns nothing | - | earns nothing on this card |
| School and college fees | Earns nothing | - | earns nothing on this card |
| Wallet top-ups | Earns nothing | - | earns nothing on this card |
| Taxes and government payments | Earns nothing | - | earns nothing on this card |
| Spend abroad or in a foreign currency | 1% | No cap | The card's normal rate |
| Everything else | 1% | No cap | The card's normal rate |
Terms on the base rate. 1% cashback on offline spends, capped ₹2,000 a month from Apr 2026; excluded categories (utilities, insurance, fuel, rent, wallet etc.) earn nothing
07SBI Cashback Credit Card Travel Benefits
Spending abroad carries a 3.5% forex markup; rewards on it: 1% back (the normal rate). See what it costs on your trip
Also on the card. fuel surcharge waiver.
- Fuel surcharge waiver: 1% fuel surcharge waiver, max ₹100 a month
08SBI Cashback Credit Card Eligibility and Documents
- Age: 21 to 65 years
- Employment: Both salaried and self-employed individuals
- Minimum Income: ₹30,000
- Credit Score: 650+ with no delayed payments in the past 12 months
- New-to-Credit: Allowed only for salaried applicants
- Employment
- Salaried or self-employed
- Credit score
- 650 and above
Documents. ID Proof: PAN Card/Form 60 Address Proof: Aadhaar, Passport, or utility bills Income Proof: Bank statements or salary slips Photograph: Recent passport-sized photo
Not sure your score clears 650? See which cards fit your credit score.
09Recent Changes
What State Bank of India changed on this card recently. The facts on this page already reflect them.
| Date | Change | Before | Now |
|---|---|---|---|
| 1 Apr 2026 | Reduced: Second devaluation, ₹4,000 combined cap, sub-caps and new exclusionsSource: State Bank of India | ₹5,000/cycle combined cap | ₹2,000 online + ₹2,000 offline = ₹4,000/cycle; 5% stops at ₹40,000 online |
| 1 May 2023 | Reduced: Complimentary domestic lounge access removedSource: State Bank of India | 4 complimentary a year | None |
| 1 May 2023 | Reduced: First devaluation, cap halved and categories excludedSource: State Bank of India | ₹10,000/cycle cap; few exclusions | ₹5,000/cycle cap; rent, fuel, wallet, utility, insurance, jewellery, railways & education excluded |
| 1 Apr 2023 | Reduced: First-year-free promo withdrawn, ₹999 joining fee reinstatedSource: State Bank of India | Effectively first-year-free | ₹999 + GST joining fee |
| 2021 | Changed: Cashback SBI Card launched | - | - |
See this card's change history → · All card changes in April 2026 →
10Cards Similar to SBI Cashback Credit Card
SBI Cashback Credit Card is a shopping card. The two below are the closest on SkyloFin; open any of them, or put them side by side.
| Feature | SBI Cashback Credit Card |  HSBC Live Plus Credit Card |  YES BANK POP-CLUB Credit Card |
|---|---|---|---|
| Joining fee | ₹999 + GST | ₹999 + GST | Free |
| Annual fee | ₹999 + GST | ₹999 + GST | ₹399 + GST |
| Rewards | 1% base, up to 5% on online shopping | 1.5% base, up to 10% on dining | 0.2% base, up to 1% on online shopping |
| Welcome benefit | - | - | Earn 500 POPcoins on activating the POP CLUB Credit Card |
| Domestic lounge | Not included | 2 visits a year | Not included |
| Forex markup | 3.5% | 1.99% | 3.5% |
| Type | Shopping | Dining | Shopping |
11Explore More
Card facts last verified 11 October 2026.
Card data sourced via CardAdvisor.in, India Credit Card Facts, CC BY 4.0, adapted by SkyloFin.
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Common Questions
Is the ₹999 fee waived?
Yes, once you spend ₹2 lakh in a year. Below that the fee plus GST is charged.
Is there a cap on cashback?
Yes. Online and offline cashback are each capped at ₹2,000 a month.
Does it give lounge access?
No. Complimentary lounge access was removed from this card.
Who can apply?
Applicants aged 21 to 60 can apply, subject to SBI Card's checks.
What is the joining fee for the SBI Cashback Credit Card?
The joining fee is ₹999 + GST. Check the bank's page before you apply, because fees change and promotional waivers come and go.
What is the annual fee for the SBI Cashback Credit Card?
The annual fee is ₹999 + GST.
What is the eligibility for the SBI Cashback Credit Card?
The bank looks for age: 21 to 65 years; employment: both salaried and self-employed individuals; minimum income: ₹30,000; credit score: 650+ with no delayed payments in the past 12 months; new-to-credit: allowed only for salaried applicants. Meeting these does not guarantee approval, since the final decision is the bank's.
What documents do I need for the SBI Cashback Credit Card?
You will need PAN Card/Form 60; Aadhaar, Passport, or utility bills; Bank statements or salary slips; Recent passport-sized photo.
Does applying through SkyloFin cost more?
No. You pay the same fees you would pay applying directly with State Bank of India. We earn a commission from the bank when someone applies through our link, and that is how the site is funded.
SkyloFin is not a bank and does not approve applications. Fees, rewards and eligibility rules are set by the provider and can change without notice. Always read the terms on the provider's site before you apply.
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