About Card
SBI Cash Back Credit Card
SBI bank has recently launched Cash back Sbi credit card, as the name suggests card is designed to offer you cash back on every transaction done with this card. the comes with only annual charges of Rs 999, and you can get maximum benefits on offline and online transactions. You also get many other benefits like in travel, where you can enjoy complimentary access to domestic airport lounges.To know more about the Sbi Cash back credit card keep reading the below articles
Card
Joining Fee
Rewards
Best Suited For
What you'll love
- Zero Joining Fee.
- Get 5% cashback on every online transaction (maximum Rs. 10,000 cashback per month).
- 1% cash back on every offline transaction and utility bill payment.
- Spend-based annual fee waiver.
- 4 complimentary domestic lounge access annually.
- 1% fuel surcharge waiver.
Documents
Photo id: Pan Card, Addhar card, Passport, Voter id, Job Card issued by Nerega
Valid address Proof- Addhar card, Passport, Voter id card, House Registry documents,Utility bill not more than 2 months old
Income proof: Latest 2 month’s salary slip, latest form 16, and latest bank statement
Eligibility For EMI Card
For Salaried
Indian National
Age: Min 21 years & Max 60 Years,
Net Monthly Income> Rs 25,000For Self Employed
Indian National
Age: Min 21 yrs & Max 65 Yrs
Income: ITR > ₹5.0 Lakhs per annum
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Rewards Benefit
- Earn 5% cash back for every online transaction and 1% cash back on other offline transactions and utility bill payments
Rewards Redemptions:
- Cashback earned with the card will be automatically credited to next month’s statement.
- Get 3% cash back on selected transactions through Yes cart, cashback amount capped at Rs 1000 per month.
- Get 1% cash back on all other purchases, with cashback amount capped till Rs 500 per month.
- No cash back on EMI converted amount.
- Cashback will be credited after 90 days from the particular day.
Fuel Surcharge Wavier
- Get a 1% fuel surcharge waiver on all fuel purchase for transaction amount 500 Rs to 3000 ( max waiver per billing is Rs 100)
Lounges access benefit
- 4 complimentary access to domestic airport lounges (1 per quarter)
Renewal fee waiver benefit
- The annual fee can be waived on spending Rs. 2,00,000 or more in the previous year on Sbi Cash back credit card.
Why Should You Choose This Card?
If you are looking to earn cashback on your every transaction, then the SBI cash back card is a good option for you, you can get up to 5% cash back on every online and offline spend. Apart from Cashback, the card offers complimentary airport lounge access which adds to its value. However annual fee of this card is a little higher but the same can be waived with the spending conditions on the card. So overall if you want cashback and value for your money Sbi Cash back can be a perfect choice for you.
Eligibility
For Salaried
- Indian National
Age: Min 21 years & Max 60 Years,
Net Monthly Income> Rs 25,000
For Self Employed
- Indian National
Age: Min 21 yrs & Max 65 Yrs
Income: ITR > ₹5 Lakhs per annum
Fees and Charges on the SBI Cash Back Credit Card
Fees & Charges
Amount/Rate
Renewal Fees
999+ Taxes Renewal fees waived, on the spending of 200000 in 12 months from the date of activation
Interest-free period
Up to 50 days
Cash Withdrawal Limit
30 % of the card limit
Foreign Exchange Markup
3.50% of the international transaction
Finance Charges/Cash Advance Fee
2.50% of the amount ( Subject to a minimum amount of Rs 500)
Over Limit Fee
2.50% of the amount
Late Payment Charges
For Amount
- Below or equal to Rs. 500- Nil
- From Rs. 501 to Rs. 1000- Rs. 400
- From Rs. 10001 to Rs. 10,000- Rs. 750
- From Rs. 10,001 to Rs. 25000- Rs. 950
- From Rs. 25,000 to -Rs 50000 Rs. 1100
Payment Return Charges ( For Chq/Auto Pay)
Rs 350 Per instance
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FAQs on SBI Cash Back Credit Card
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What is the maximum limit of Cash back on card?
You can earn maximum cash back on this card, he 5% cashback on online spending, does come with a capping of Rs. 10,000 per month, after capping you still earn 1% cash back on all spends.
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Can I make contactless payment?
Yes, the Cashback SBI card offers the contactless payment option, where you can make a transaction below Rs. 5,000 without entering the PIN.
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Can I get lounges access with this card?
SBI Card offers 4 complimentary access to Domestic Airport lounges annually. You can access the lounge 1 time per quarter.
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What is Joining fee for this card?
Sbi Offers Nil joining fee for this card