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State Bank of India

SBI Cashback Credit Card

4.5Best for entertainment

Verifying

Joining fee incl. GST: ₹1,179
Renewal fee incl. GST: ₹1,179
Conditional welcome value: —
Forex markup: 3.5%
Interest p.a.: 45%
Min income (salaried): —

Read our editorial review. The verdict, the working behind the numbers, and who should skip it.Read the review ↓

How this card earns

Reward rates with their qualifying conditions and caps. Use the calculator for a combined estimate.

What still needs confirmation

Merchant coding, transaction-level rounding and spending across actual statement dates are not reproduced by the monthly estimate.

Spend category	Reward rate	Reward limit
Entertainment Only the qualifying merchants or payment route below 5% direct cashback on online (card-not-present) spends. Capped at ₹2,000 per statement cycle (revised effective 1 Apr 2026; was effectively part of an overall cap). Excludes utilities, insurance, fuel, rent, wallet loads, education, jewellery, railways, gaming, tolls and government transactions. Monthly cap shown as the spend at which it binds: ₹2,000 cashback per cycle ÷ 5% = ₹40,000 of online spend.	5%	₹2,000 shared reward / month
Travel Only the qualifying merchants or payment route below 5% direct cashback on online (card-not-present) spends. Capped at ₹2,000 per statement cycle (revised effective 1 Apr 2026; was effectively part of an overall cap). Excludes utilities, insurance, fuel, rent, wallet loads, education, jewellery, railways, gaming, tolls and government transactions. Monthly cap shown as the spend at which it binds: ₹2,000 cashback per cycle ÷ 5% = ₹40,000 of online spend.	5%	₹2,000 shared reward / month
Dining Only the qualifying merchants or payment route below 5% direct cashback on online (card-not-present) spends. Capped at ₹2,000 per statement cycle (revised effective 1 Apr 2026; was effectively part of an overall cap). Excludes utilities, insurance, fuel, rent, wallet loads, education, jewellery, railways, gaming, tolls and government transactions. Monthly cap shown as the spend at which it binds: ₹2,000 cashback per cycle ÷ 5% = ₹40,000 of online spend.	5%	₹2,000 shared reward / month
Online shopping 5% direct cashback on online (card-not-present) spends. Capped at ₹2,000 per statement cycle (revised effective 1 Apr 2026; was effectively part of an overall cap). Excludes utilities, insurance, fuel, rent, wallet loads, education, jewellery, railways, gaming, tolls and government transactions. Monthly cap shown as the spend at which it binds: ₹2,000 cashback per cycle ÷ 5% = ₹40,000 of online spend.	5%	₹2,000 shared reward / month
Other eligible purchases 1% direct cashback on offline (POS) spends. Capped at ₹2,000 per statement cycle. Total online + offline cashback capped at ₹4,000 per statement cycle. No reward points; cashback is auto-credited. Monthly cap shown as the spend at which it binds: ₹2,000 cashback per cycle ÷ 1% = ₹2,00,000 of offline spend; the ₹4,000 combined ceiling can bind sooner if both legs are used heavily.	1%	₹2,000 shared reward / month

Excluded from ordinary earning: Fuel, Rent, Utilities & bills, Insurance, Education. Specific qualifying offers, if any, are listed above.

Rates apply only to the merchants and conditions described. Shared ceilings cannot be added across rows. Points and vouchers are valued at the stated redemption assumption; use the spending calculator for a combined estimate.

Fees & charges

Joining fee₹999

Annual fee₹999

Annual fee waiverRenewal fee of ₹999 reversed on annual spends of ₹2,00,000 or more in the preceding year

Foreign currency markup3.5%

Finance charge (p.a.)45%

Fuel surcharge waiver1%, up to ₹100/mo

Key benefits

5% cashback on eligible online purchases (no merchant restriction), capped at ₹2,000 per statement cycle
1% cashback on eligible offline (POS) purchases, capped at ₹2,000 per statement cycle
Maximum total cashback of ₹4,000 per statement cycle
1% fuel surcharge waiver (₹500–₹3,000 transactions, max ₹100 per statement cycle)
No cashback on fuel, utilities, insurance, rent, wallet loads, education, jewellery, railways, gaming, tolls, government and EMI transactions
Contactless payment enabled; international usage enabled
Add-on cards for family members

What we like

+Flat 5% cashback on eligible online purchases with no merchant restrictions
+Simple, easy-to-understand cashback structure
+Renewal fee waiver on ₹2 lakh annual spend

What to watch

−Online cashback capped at ₹2,000 per statement cycle (₹4,000 total)
−No cashback on fuel, utilities, insurance, rent, education and several other categories
−No lounge access or travel benefits

Our full review

A straightforward online-shopping option if your merchants qualify. Since April 2026 the online and offline cashback buckets have separate caps; utility bills, rent and other exclusions do not become eligible just because you pay online.

Reviewed by Thompson Cherian · how we rate cards · all card reviews

Who this is for, and who should skip it

Someone who shops across eligible websites and wants statement cashback. It is less useful if most online payments are utility bills, insurance, education, rent or other excluded categories.

What the issuer terms say

SBI’s revised cashback terms set 5% on eligible online spending, capped at ₹2,000 per statement cycle, and 1% on eligible offline spending, capped at ₹2,000. Total cashback cannot exceed ₹4,000 per statement cycle. The 1% offline ceiling is shared across offline categories. ₹20,000 of qualifying online shopping each month gives ₹12,000 cashback a year before fees; ₹20,000 of online insurance payments does not.

What it earns you — the maths

These are total monthly budgets, not necessarily amounts charged entirely to this card. They repeat for a full year, with card bills paid in full. UPI is separate from the other categories; a non-RuPay card earns nothing on that part. No specific shopping app, bill-payment channel or travel portal is assumed. Select those in the calculator if you use them. Annual reward value is expressed in rupees, not in points.

Profile	Monthly budget	Annual reward value (₹)	First-year net value	Renewal-year net value
Everyday spender	₹35,000	₹6,000	₹4,821.18	₹6,000
Online-first shopper	₹55,000	₹15,600	₹14,421.18	₹15,600
Frequent traveller	₹1,10,000	₹16,680	₹15,501.18	₹16,680

Reading the table: a negative net value is a cost. First year = rewards + eligible first-year milestones − joining fee including GST. Renewal year = rewards + eligible annual milestones − renewal fee including GST, with a modelled spend waiver where earned. Welcome offers are excluded until their conditions are confirmed. Milestone vouchers are assumed usable at face value; reduce their value if you would not use them.

Everyday spender, renewal year: ₹6,000 reward value + ₹0 milestones − ₹0 fee (spend waiver met) = ₹6,000.
Online-first shopper, renewal year: ₹15,600 reward value + ₹0 milestones − ₹0 fee (spend waiver met) = ₹15,600.
Frequent traveller, renewal year: ₹16,680 reward value + ₹0 milestones − ₹0 fee (spend waiver met) = ₹16,680.

The monthly splits, in the order groceries / online shopping / dining / fuel / travel / bills / UPI, are:

Everyday spender: ₹9,000 / ₹7,000 / ₹4,000 / ₹3,000 / ₹2,000 / ₹4,000 / ₹6,000.
Online-first shopper: ₹8,000 / ₹22,000 / ₹8,000 / ₹3,000 / ₹4,000 / ₹5,000 / ₹5,000.
Frequent traveller: ₹12,000 / ₹15,000 / ₹12,000 / ₹6,000 / ₹40,000 / ₹8,000 / ₹17,000.

Points are converted at the comparison values, which can differ from cash redemption. These estimates exclude redemption fees, transaction rounding, refunds, financing costs and benefits such as lounges or insurance. Merchant exclusions and transaction timing can change the result.

The fee and renewal decision

The standard joining fee is ₹999 + GST = ₹1,178.82. The standard renewal fee is ₹999 + GST = ₹1,178.82. Renewal fee of ₹999 reversed on annual spends of ₹2,00,000 or more in the preceding year A welcome voucher is a restricted benefit, not an automatic refund of the fee or GST. Compare the first-year cost separately from the cost of renewal. Check your own offer if it says lifetime free or first year free.

The important conditions

The merchant category matters as well as the online/offline channel. Fuel, rent, utility bills, insurance, education and other listed transactions are excluded. Splitting offline spending between groceries and dining does not create a new ₹2,000 cap for each. The fee waiver and reward eligibility also have different conditions.

Alternatives

Amazon Pay ICICI is worth comparing for eligible Amazon purchases and has no annual fee. Axis ACE has different offline and bill-payment strengths.

How we verified this

This is a desk review of issuer material, not a claim of first-hand card ownership. We have removed unsupported generalisations about what other holders report. This review was corrected on 10 September 2026 for the claims discussed above. A review update is not certification of every benefit or future offer. Unresolved calculation coverage is labelled in the examples. Use the issuer’s dated notice or your specific offer where it differs from a general product page.

The linked issuer material above supports the key earning or eligibility claims. The card’s full details and source list include its other published terms. Our methodology separates editorial opinions from calculated estimates. No customer-review average is claimed.

That is our full read on the SBI Cashback Credit Card. The terms are State Bank of India's to change — check the current ones on their page before you apply.

Apply on State Bank of India →

If you apply through our link, we may earn a commission from the issuer at no extra cost to you. It never affects our ratings — how we make money.

Frequently asked

Does the 5% rate apply to all online payments?

No. Only eligible online retail purchases earn it. The bank’s exclusion list still applies.

Do these examples include GST and welcome benefits?

Standard joining and renewal fees include 18% GST in the calculations. First year deducts the joining fee once; renewal year deducts the renewal fee after a modelled spend waiver. Unconfirmed welcome offers are excluded.

Are reward values the same as cash in my bank account?

Not necessarily. Statement cashback, Amazon Pay balance, points, miles and vouchers have different redemption rules. Use the value of the redemption you will actually make, and subtract its charges.

Can I rely on the example to predict my exact statement?

No. It is a monthly estimate with stated assumptions, not a transaction-by-transaction simulation. Merchant codes, caps, excluded payments, refunds, statement dates and rounding can change the result. Use the calculator with your own spending and confirm the issuer’s current terms before applying or renewing.

Eligibility

Age 21–70

SBI Card does not publish a fixed income threshold for this card; approval is at issuer discretion based on credit profile.

Check State Bank of India's current criteria and the source notes. Meeting a published minimum is not approval — the issuer decides every application on its own criteria, including your credit history. How we source this