SBI Cashback Credit Card

Last Updated : Feb. 23, 2024, 6:07 p.m.

Unlock a world of unparalleled benefits with the SBI Cashback Credit Card, where every transaction becomes a gateway to substantial savings. Enjoy a generous 5% cashback on all your online spends, unrestricted by merchant limitations. Additionally, delight in a 1% cashback on offline purchases, ensuring that your spending habits are not just transactions but opportunities for significant returns.

This isn’t just a credit card; it’s your key to financial empowerment. Experience the freedom to earn cashback without the constraints of merchant restrictions on your online transactions. Whether you’re shopping, dining, or exploring the digital realm, your SBI Cashback Credit Card transforms every spend into a rewarding experience.

Benefits of SBI Cashback Credit Card

1. 5% Cashback on Online Spends
2. 1% Cashback on Offline Spends
3. No Merchant Restrictions on Online Cashback

Exclusions for Merchant EMI & Flexipay EMI Transactions

Please note that cashback benefits are not applicable on transactions involving Merchant EMI and Flexipay EMI, ensuring transparency and clarity in the card’s usage. The SBI Cashback Credit Card excludes cashback benefits on transactions falling under the following categories:

• Utility Payments
• Insurance Premiums
• Fuel Purchases
• Rent Payments
• Wallet Recharges
• School & Educational Services
• Jewelry Purchases
• Railway Transactions

Fees for SBI Cashback Credit Card

Now that you have a look at the credit card benefits and exclusions, it’s time you take a look at the charges:

• Joining Fee: ₹999
• Annual Fee: ₹999 (waived if you spend ₹2 lakh in a year)
• Add-on Fee: ₹0
• Late Payment Fee : ₹0-₹1,300

Fuel Surcharge Waiver on Cashback Credit Card Transactions

One of the standout features of the SBI Cashback Credit Card is the exclusive 1% Fuel Surcharge Waiver, ensuring that your journeys are not only smoother but also more economical. This benefit is applicable across all petrol pumps in India, making it a valuable companion for those who frequently hit the road.

Key Details:

• Applicability: The 1% Fuel Surcharge Waiver is applicable on transactions ranging from Rs. 500 to Rs. 3,000, exclusive of GST and other charges.
• Maximum Surcharge Waiver: Cardholders can enjoy a maximum surcharge waiver of Rs. 100 per statement cycle per credit card account.

How it Works:

1. Across All Petrol Pumps: Whether you are refueling during a road trip or a regular commute, this waiver is applicable at all petrol pumps across the country, providing you with widespread coverage and convenience.
2. Transaction Range: The Fuel Surcharge Waiver is applicable on transactions falling within the range of Rs. 500 to Rs. 3,000. This flexibility ensures that you benefit from the waiver across various refueling scenarios, catering to different fueling needs.
3. Exclusive of GST and Other Charges: The waiver is calculated exclusive of GST and additional charges, ensuring transparency in the calculation process.
4. Maximum Savings: Cardholders can enjoy a maximum surcharge waiver of Rs. 100 per statement cycle per credit card account, allowing you to accumulate significant savings over time.

Why it Matters?

1. Economical Travel: With the 1% Fuel Surcharge Waiver, your travel becomes more economical, especially during times of fluctuating fuel prices. Save on every refueling transaction and extend your journeys without stretching your budget.
2. Consistent Savings: The maximum surcharge waiver of Rs. 100 per statement cycle ensures that your savings are consistent and meaningful, adding value to your overall credit card experience.
3. Worry-Free Drives: Enjoy worry-free drives knowing that a portion of your fuel expenses is being waived, giving you peace of mind and financial relief.

How to Avail?

• Simply use your SBI Cashback Credit Card for fuel transactions falling within the specified range of Rs. 500 to Rs. 3,000, and the 1% Fuel Surcharge Waiver will be automatically applied.

The Fuel Surcharge Waiver on the SBI Cashback Credit Card is not just a benefit; it’s a commitment to making your journeys more cost-effective. Drive further, pay less, and experience the freedom of the open road without worrying about the surcharge. It’s another way the SBI Cashback Credit Card puts money back into your pocket, enhancing the overall value of your credit card usage.