SBI CardCashback SBI Card
Visa
SBI Card · Visa
Cashback SBI Card
Joining ₹999 · Annual ₹999 · Renewal fee reversed if annual spends in the previous membership year are ₹2,00,000 or more
Fee break-even: ≈₹99,900/yr through this card at its base rate. Below that, the fee eats the rewards.
Earns Cashback. True cashback with zero redemption friction: auto-credited to the card account as a statement credit within two working days of the next statement generation. No claim, no minimum, no redemption fee, no expiry once credited. Cashback is clawed back if the purchase is returned or cancelled. None of SBI's reward-point frictions apply here. No ₹99 fee, no 4,000-point multiple, no 24-month expiry.
Verified 10 Aug 2026Forex markup3.5%
GolfNone
ConciergeNone
Domestic loungeNone.
International loungeNone
EMINil on 3 months, then ₹45 at 6, ₹69 at 9, ₹89 at 12, ₹129 at 18 and ₹169 at 24 months, and only on purchases of ₹20,000 or more processing fee · A converted purchase stops earning rewards · The kindest fee structure here. There is nothing at all to pay on a 3 month plan, and the fee only bites once the purchase reaches ₹20,000. Minimum ₹2,500 to convert. Converting an already billed amount is a separate product costing 1% capped at ₹2,000. · Merchant EMI and Flexipay EMI transactions earn no cashback
Fuel surcharge1% on transactions of ₹500 to ₹3,000, capped at ₹100 per statement cycle per card account
Return by category
| Category | Return | Notes |
|---|---|---|
| Online spend | 5% | ₹2,000 cashback per statement cycle. Reached at ₹40,000 of eligible online spend. Online spend beyond that earns nothing · No merchant, platform or brand restriction. Any e-commerce or card-not-present transaction qualifies. But the excluded MCCs earn nothing even when transacted online, which knocks out utility bills, insurance premiums, rent platforms, wallet loads, education fees, jewellery, railway/IRCTC bookings, gift-card portals, digital gaming and government/tax payments. Merchant EMI and Flexipay EMI conversions also earn nothing. |
| Amazon | 5% | Uses its online rate |
| Flipkart | 5% | Uses its online rate |
| Subscriptions & OTT | 5% | Uses its online rate |
| Offline spend | 1% | Base rate |
| UPI spending | 0% | Visa-only product. SBI has NEVER launched a RuPay variant of the Cashback card, and only RuPay credit cards can be linked to UPI. Community reports of a missing RuPay option in the application flow reflect that the variant does not exist at all, not an intermittent glitch. Network-conversion requests are rejected for the same reason. |
| Dining | 1% | Base rate |
| Swiggy | 1% | Base rate |
| Zomato | 1% | Base rate |
| Groceries | 1% | Base rate |
| Quick commerce | 1% | Base rate |
| Swiggy Instamart | 1% | Base rate |
| Blinkit | 1% | Base rate |
| BigBasket | 1% | Base rate |
| Movies & shows | 1% | Base rate |
| BookMyShow | 1% | Base rate |
| PVR INOX | 1% | Base rate |
| Fuel | 0% | No cashback on fuel spends (fuel surcharge waiver applies instead) |
| Travel (general) | 1% | Base rate |
| Flights | 1% | Base rate |
| Hotels | 1% | Base rate |
| MakeMyTrip | 1% | Base rate |
| IRCTC rail | 1% | Base rate |
| International | −2.5% | 1% reward − 3.5% forex markup |
| Utilities & bills | 0% | Utilities excluded (MCC 4814, 4900, 9399, 4816, 4899) |
| Rent | 0% | Rent payments excluded |
| Education fees | 0% | School and educational services excluded |
| Insurance premiums | 0% | Insurance services excluded (MCC 5960, 6300, 6381) |
| Government & tax | 0% | Government-related transactions newly excluded w.e.f. 1 April 2026 (MCC 9222, 9311, 9402) |
| Wallet loads | 0% | Wallet and prepaid instrument loads excluded |
| Anything else | 1% | Base rate |
| Jewellery | 0% | Jewellery excluded (MCC 5051, 5094, 5944, 7631) |
Rates are the card's own published rates, before any spend profile. Add this card inMy cards to rank it against the rest of your wallet.
Also worth knowing
- Online cashback now stops at ₹2,000. I.e. ₹40,000 of online spend. Even with zero offline spend, and the unused offline bucket cannot be borrowed. Digital gaming (MCC 7993/7994/5816), tolls (MCC 4784) and government transactions (MCC 9222/9311/9402) were newly excluded in the same notice.
- No welcome or joining benefit of any kind.
- The offline ₹2,000 bucket needs ₹2,00,000 of POS spend to fill, so in practice this is a ₹2,000/month card: ₹40,000 of online spend and you're done.
- Contactless payments allowed up to ₹5,000 per transaction without PIN. Add-on card fee: nil.
- International online spend is UNCONFIRMED: SBI does not publish whether a foreign-currency online transaction counts as 'online' for the 5%. Offline international POS should earn the 1% offline rate. Left unstated rather than guessed.
Other exclusions
- Digital gaming platforms/merchants newly excluded w.e.f. 1 April 2026 (MCC 7993, 7994, 5816)
- Card, gift, novelty and souvenir shops excluded (MCC 5947)
- Member financial institutions / quasi-cash excluded (MCC 6011, 6012, 6051). Cash advances never earn
- Merchant EMI and Flexipay EMI transactions earn no cashback
Sources
Every figure above comes from the issuer's own pages and documents. Last verified 10 Aug 2026.
- https://www.sbicard.com/en/personal/credit-cards/rewards/cashback-sbi-card.page
- https://www.sbicard.com/en/faq/cashback-sbi-card-faq.page
- https://www.sbicard.com/sbi-card-en/assets/docs/pdf/cashback-revised.pdf
- https://www.sbicard.com/sbi-card-en/assets/docs/pdf/tnc/tnc-Cashback-Card-Revision.pdf
- https://www.sbicard.com/sbi-card-en/assets/docs/pdf/ekit-tncs/cashback-tnc-ekit.pdf
- https://www.sbicard.com/sbi-card-en/assets/docs/pdf/most-important-terms-and-conditions/mitc-english.pdf
- https://www.sbicard.com/en/faq/sbi-upi-faq.page