Real Annual Value
What's it actually worth for you?
Monthly SpendRs.50.0K
Gross rewardsRs.15,600
Annual fee-Rs.999
Net annual value+Rs.14,601
Value Breakdown
online (5%)+Rs.12,000
Base rate (1%)+Rs.3,600
Annual fee (waived)+Rs.0
Joining fee (year 1)Rs.999
Highlights
- Flat 5% online
- Auto cashback (no redemption)
- No category restrictions
Drawbacks
- Rs.2,000/month cap (added April 2026)
- Excludes rent, fuel, utilities, wallet
Reward Rates
Earn by category
online
5%
Cap: Rs.2.0K/mo
5% on all online (cap Rs.2,000/month after April 2026 update)
Devaluation History
Beware — this card has been devalued
01 Apr 2026
Rs.2,000/month cap on online cashback added
cap added
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Questions
Frequently asked questions
What is the annual fee of SBI Cashback Credit Card?
The annual fee is Rs.999 + GST. It may be waived if you meet the annual spend threshold.
What is the reward rate on SBI Cashback Credit Card?
SBI Cashback Credit Card earns a base rate of 1%. See the reward-rates section above for category accelerators.
How to apply for SBI Cashback Credit Card?
Apply online through SBI's website, or use the Apply & Earn button on this page for a direct, unbiased apply link. Eligibility typically needs a credit score of 750+ and income as per bank criteria.