CASHBACK SBI Card
SBI Card · Checked 2026-10-09
CASHBACK SBI Card is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹999 annually before GST.
CardIQ editorial view
Our take
CASHBACK SBI Card is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹999 annually before GST.
Who it suits
- People who prioritise straightforward cashback.
- People who prioritise shopping rewards.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 5% online and 1% offline cashback on eligible purchases.
Trade-offs to understand
- Online cashback capped at ₹2,000 and offline cashback at ₹2,000 per statement cycle; combined maximum ₹4,000.
- No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions.
- Renewal fee reversed at ₹2 lakh eligible annual spend.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 5% online and 1% offline cashback on eligible purchases valuable enough to clear the fee. Factor in this condition: Online cashback capped at ₹2,000 and offline cashback at ₹2,000 per statement cycle; combined maximum ₹4,000.
Compare before deciding
- RBL Bank Jalsa — A similarly priced alternative for comparing shopping rewards and online spending.
- HDFC Bank Millennia — A higher-fee option to compare for broader benefits around shopping rewards and online spending.
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Benefits, limits and conditions
- Online cashback capped at ₹2,000 and offline cashback at ₹2,000 per statement cycle; combined maximum ₹4,000.
- No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions.
- Renewal fee reversed at ₹2 lakh eligible annual spend.