State Bank of India
Cashback
The Cashback SBI Card is an exceptional value-back option tailored for individuals who do most of their shopping online. Unlike many other credit cards on the market that limit high rewards to specific co-branded merchants or platforms, this card provides a flat 5% cashback on online purchases across virtually all brands and platforms.
Direct link to the issuer's website. Terms apply — verify current offer with the bank.
Data last updated 7 June 2026.
At a Glance
Annual Fee
₹999
Joining Fee
₹999
Fee Waiver
Spend ₹2,00,000 annually
Lounge Access
See details
Forex Markup
3.5%
Effective Yield
1% – 5%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The Cashback SBI Card is an exceptional value-back option tailored for individuals who do most of their shopping online. Unlike many other credit cards on the market that limit high rewards to specific co-branded merchants or platforms, this card provides a flat 5% cashback on online purchases across virtually all brands and platforms. With an annual fee of Rs. 999, it offers a simplified structure that prioritizes direct savings over complicated reward networks.
Beyond online shopping, the card provides 1% cashback on offline transactions and includes a 1% fuel surcharge waiver. Another highly convenient aspect of this card is that earned cashback is auto-credited straight into the cardholder's statement, saving users from the tedious task of manually tracking and converting points. Additionally, the Rs. 999 renewal fee can be waived completely by meeting a reasonable annual spend milestone of Rs. 2 lakh.
This card is best suited for online shoppers who want a straightforward cashback card without platform restrictions. While it lacks premium lifestyle perks like complimentary airport lounge access or a welcome bonus, its high and unrestricted cashback rate makes it a powerful everyday financial tool for online-first consumers.
What We Like
We highly appreciate the industry-leading 5% cashback on online transactions without any platform or brand restrictions. Furthermore, the automatic crediting of cashback directly to the statement within two days of statement generation removes all the hassles of points redemption.
Pros
- ✓Earn up to 5% cashback on your card transactions.
- ✓Enjoy cashback benefits that apply across all online merchants without restrictions.
- ✓Bypass the hassle of point conversions with cashback that auto-credits directly to your statement.
- ✓Secure a renewal fee waiver by easily reaching the annual spend milestone.
Cons
- ✗Monthly limits are capped on the maximum cashback you can earn.
- ✗Lacks substantial extra perks such as complimentary lounge access or a welcome bonus.
Get This Card If
- ✓You mostly prefer shopping online, over offline, and can maximise the accelerated cashback earnings
- ✓You are looking for a cashback credit card, instead of a card that gives rewards points on your spends
- ✓You want a card that does not restrict its cashback benefits to select brands or merchants
- ✓You wish to get a card that directly credits your earned cashback to your account, making the redemption process hassle-free
Earning & Redemption
How You Earn
| Category | Reward rate | Yield % | Cap |
|---|---|---|---|
| Online Spends (Universal) | 5% Cashback | 5.00% | ₹2,000 per billing cycle |
| Offline / POS Spends | 1% Cashback | 1.00% | ₹2,000 per billing cycle |
| Excluded Categories | No Cashback | 0.0% | — |
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹2 Lakh | Renewal Fee Waiver | ₹999 + GST Savings | Annual fee for the next year is waived if you spend ₹2L in the preceding year. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Statement Credit | ₹1.00 per point1:1 Ratio | Multiples of 4,000 only (April 2026 Rule) |
What You Need to Know
New Split Capping
Effective April 1, 2026, the total ₹4,000 cap is split: ₹2,000 for Online and ₹2,000 for Offline.
Impact: High online spenders lose out; previously you could earn all ₹5,000 via online alone.
Redemption Block Size
Statement credit can now only be claimed in blocks of 4,000 Cashback points.
Impact: Forces a minimum spend of ₹80,000 (online) before you can see a single rupee credited.
New 2026 Exclusions
Digital Gaming, Tolls, and Government transactions no longer earn any cashback.
Impact: Reduces utility for heavy travelers (tolls) or users paying property taxes/fines.
Merchant EMI Exclusion
Transactions converted to EMI at the point of sale do not earn any cashback.
Impact: Avoid using this card for high-value electronics purchases if opting for EMIs.
Essential Fine Print
Reward Exclusions
Excluded Categories (No Cashback): No cashback is earned on Fuel, Jewelry, School & Educational Services, Insurance, Utilities, Gift Cards (Voucher) purchases, Railways, Tolls and Government Services. Please check the SBI website for the latest list of exclusions.
Milestone Benefits
Annual Fee Reversal
Renewal fee of ₹999 is waived upon reaching annual spends of ₹2 Lakhs in the previous year.
Additional Features
5% Cashback on Online Spends
Earn 5% cashback on all online spends (except excluded categories) with no merchant-specific restrictions. Capped at ₹5,000 per statement cycle.
1% Cashback on Offline Spends
Earn 1% cashback on all offline spends and utilities. No upper limit on 1% cashback earnings.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹999 |
| Annual / Renewal Fee | ₹999 |
| Fee Waiver Threshold | Spend ₹2,00,000 annually |
| Forex Markup | 3.5% |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Age
Age between 21-70 years
Employment
Must have a steady, verifiable income.
Ready to apply for Cashback?
Annual fee: ₹999 · Waived on ₹2,00,000 spend
Frequently Asked Questions
Annual fee
₹999
1% – 5% yield