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State Bank of India

SBI Cashback Credit Card

4.5Best for online shopping

How this card earns

Reward rates by category, with caps and an estimated yearly value.

Spend category	Reward rate	Monthly cap	Est. value/yr
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.	5%	₹2,000	₹1,200
Everything else 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.	1%	₹2,000	₹240
All other spends	1%	—	₹1,200

Estimated yearly value assumes ₹10,000/month spend in each category, capped where the card caps rewards.

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

5% cashback on all online spends (no merchant restriction), capped at ₹2,000 per statement cycle
1% cashback on all offline (POS) spends, 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

−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