SBI Card

SBI Cashback

🇮🇳 India · SBI Card

SBI Cashback

Name: SBI Cashback
Brand: SBI Card
Rating: 4.6 (50 reviews)

Pure online cashback, 5% on any online merchant, no partner restrictions.

4.6 / 5

Joining fee

₹999

Annual fee

₹999

Top reward

Min income

₹360,000

Apply at SBI Card ← Back to all cards

External link to SBI Card’s own application page.

The SBI Cashback costs ₹999 a year, waived at ₹2,00,000 annual spend. It earns 5% on shopping and 1% on everything else. Forex markup is 3.5%. These figures are from our catalog and have not yet been re-verified against the issuer.

5-year value calculator

How much SBI Cashback actually pays you over time, net of annual fees.

Your monthly spend₹50,000

Includes 40% in this card's boost category, 60% general spend.

Annual rewards₹15,600

Annual fee₹0 (waived ✓)

Cumulative net value

+₹78,000

over 5 years

Year 1

₹15,600

+₹15,600/yr

Year 2

₹31,200

+₹15,600/yr

Year 3

₹46,800

+₹15,600/yr

Year 4

₹62,400

+₹15,600/yr

Year 5

₹78,000

+₹15,600/yr

Year 1 (with bonus)

₹15,600

Year 2+ (steady state)

₹15,600/yr

Estimates use the card's published rates and a 40/60 boost-vs-general split. Real returns vary with how tightly your spend matches each card's boost categories.

What does the SBI Cashback earn?

What you earn back, by category.

shopping

Reward capped at ₹4,000 per statement cycle

📈

Everything else

📈

🎁

Welcome bonus

No welcome bonus, value lives in the cashback rate

What do you get with the SBI Cashback?

5% cashback on ALL online spends (not just listed merchants), capped ₹4,000 per statement cycle (₹2,000 online + ₹2,000 offline sub-caps, effective 1 Apr 2026)
1% cashback on offline spends
Auto-credited within 2 days of statement
1% fuel surcharge waiver

Who qualifies for the SBI Cashback?

These are guidelines, not hard cutoffs. Banks frequently approve below the listed income if your credit is healthy.

Min annual income

₹360,000

Min credit score

750+

Self-employed

Eligible

Points value

What 1 SBI Cashback point is actually worth

Same points, wildly different values depending on redemption. Most cardholders default to the boring option and never see the upside. Here's the full ladder for SBI Cashback: