The SBI Cashback Card is one of the popular cards that offers cashback for each transaction made with the card. It offers cashback both on online and offline transactions. Get a cashback of 5% on online shopping with no merchant restrictions, and in case of offline purchases, get 1% cashback. Also, get a 1% fuel surcharge waiver at all petrol pumps in India with this card. The benefits of this card do not apply to any type of merchant EMI or Flexipay EMI transactions in case of some categories like insurance, jewellery, utility, fuel, school, education, rent, railways, and wallet.
To check the outstanding balance or go through the transactions made, one can view and download the SBI Credit Card Statement online by logging into www.sbicard.com. Select the e-statement option to get it on your registered e-mail address. It can be viewed/ printed/ downloaded for the last 24 months and/ or from the date of registration, whichever is earlier.
Mentioned below are the features and benefits of SBI Cashback Credit Card:
The mentioned spend categories are not eligible for Cashback –
Mentioned below is the process to calculate the cashback on an SBI cashback credit card:
As we all know, there is a maximum capping of INR 5000 on cashback (online and offline, both inclusive). Let us suppose online transactions are worth INR 90,000 and are eligible for 5% cashback. Also, there are some offline transactions worth INR 60,000 in a month and are eligible for 1% cashback. Now, we can calculate the amount of cashback in the mentioned manner:
The total of which comes out to INR 5100. But, as there is a maximum capping of INR 5000, the cashback amount will also be restricted to INR 5000 per statement cycle.
Mentioned below are the fees and charges to apply for SBI Cashback Credit Card:
Joining Fees | INR 999 |
Interest Charges | 3.5% p.m. (42% p.a.) |
Renewal Fees | INR 999 (Renewal Fee will be waived if annual spending for last year was more than INR 2 lakhs) |
Cash Advance Fees | 2.5% of the amount of INR 500, whichever is higher |
Foreign Currency Markup | 3.5% as markup fees |
Late Payment Charges |
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Mentioned below are the eligibility parameters required to be met by the applicant while applying for SBI Cashback Credit Card:
Mentioned below are the pros and cons of having SBI Cashback Credit Card:
Pros:
Cons:
Mentioned below is the list of documents required to be applied along with the application form for SBI Cashback Credit Card:
Mentioned below are the steps to apply for a SBI Cashback Credit Card:
Step 1: Visit the Credit Card page on the SBI’s official website. A list of all credit cards will appear on the screen.
Step 2: Look for “SBI Cashback Credit Card” from the list available and then click on “Apply Now”.
Step 3: Now click on “Start Apply Journey”.
Step 4: Fill the credit card application form online by providing the necessary details.
Step 5: Now, click “Submit”. The status of the form submission status will then appear on the screen.
Step 6: Once the bank approves the credit card application, the SBI representative will then call to verify the information provided.
Step 7: The credit card will then be posted by the bank at your address registered with them.
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