Route spending through No merchant, brand, or platform restrictions.
Earn 5.0× here — 5.0% back vs the base rate. Zero-effort multiplier if the card fits your habits.
Mid-tier
SBI CARD · SBI CASHBACK CREDIT CARD
SBI Cashback Credit Card
ANNUAL FEE
₹999 waived at ₹2L spend
FIRST-YEAR NET VALUE
₹32,400 for a mid spender · travel
SBI CARD SBI Cashback
Updated 2026-04 3 verified sources Data is current
01 ELIGIBILITY
Can I get this card?
Meet these thresholds and you're likely to be approved. Final call is SBI Card's.
MONTHLY INCOME ₹0.3L+ Salaried or self-employed
CREDIT SCORE 750+ Excellent band preferred
AGE 21 – 70 Primary or add-on applicant
RESIDENCY Indian PAN, Aadhaar + income proof
02 FIT
Is this card for me?
We've modeled this card's value for a default urban spender. Tweak the persona to see how it shifts — or personalize with your real spends.
DEFAULT PERSONA · MID SPENDER · TRAVEL
₹32,400 first-year net value · mid spender · travel
Category rewards ₹32,400
Annual fee − ₹999
Fee waiver (met)· Annual fee waived for next year ₹999
Net first-year value ₹32,400
03 EARN
What will I earn?
Base rate, accelerated categories, milestones, and what each reward point is actually worth when you redeem.
BASE REWARD RATE
≈ 1.00% back on eligible spends 1 pts 1 points per ₹100
NOT ELIGIBLE Fuel · rent · wallets · utility · government
ACCELERATED CATEGORIES Up to 5.0% back
No merchant, brand, or platform restrictions · 5.0%
Everything else (base) · 1.0%
04 MAXIMIZE · YOUR EDGE
How do I extract every rupee?
Plays grounded in this card's specific levers. Updated each time SBI Card tweaks the program.
Line up your ₹2L before renewal.
Crossing ₹2L in the anniversary year waives the ₹999 fee — automatic for spenders at ₹16,667+/month. Watch your pace in months 10–12.
05 COSTS
What will I pay?
Fees, transaction charges, interest rates — all inclusive of taxes where noted.
FEES
Charges below are base amounts; GST applies where applicable.
Joining fee ₹999 · + 18% GST · one-time
Annual fee (year 2+) ₹999 · waived at ₹2L spend
Add-on cards Up to 3 free
TRANSACTION CHARGES
Foreign currency markup 3.5%
Finance charges (purchase) 3.49% per month · ~42% APR
Late payment ₹100 – ₹1,300 · based on outstanding
06 BENEFITS
What else comes with it?
Non-reward perks — lounges, dining, golf, insurance, concierge. Worth factoring into the total value, even when hard to price.
Travel cover
Air accident cover, lost-card liability, emergency card replacement abroad.
07 FAQ
Common questions
The joining and annual fees are both ₹999 (₹1,179 with GST). The annual fee is waived once you spend ₹2 lakh in the previous 12 months — roughly ₹16,667/month. Any active online shopper at this card's 5% tier clears the waiver comfortably.
HOW WE KEEP THIS CURRENT
Last verified 2026-04. Sources: Issuer website, CardExpert, PaisaBazaar. Next scheduled review: 6 months from last update.