Compare SBI Cashback and Amazon Pay ICICI: eligible rewards, fee waivers, exclusions and lounge conditions. See dated issuer sources and a spending scenario.
For eligible non-Amazon online purchases earning 1% on Amazon Pay ICICI versus 5% on SBI, the illustrative fee-only break-even is ₹2,455.88/month before SBI renewal waiver, caps, rounding and other spending. ₹20,000/month is not the break-even.
CASHBACK SBI Card is a paid card focused on straightforward cashback, shopping rewards and online spending, charging ₹999 annually before GST.
Apply for SBI Cashback →
Amazon Pay ICICI Bank Credit Card is a no-annual-fee option centred on straightforward cashback, shopping rewards and online spending.
Apply for Amazon Pay ICICI →Issuer MITC link checked: SBI Cashback: 2026-10-29, Amazon Pay ICICI: 2026-10-29 | No Sponsored Ranking. Issuer record checked: SBI Cashback: 2026-10-09, Amazon Pay ICICI: 2026-10-09. Link checks confirm document availability, not a complete re-audit of every product rule.
CardIQ may earn a commission from a live partner application link. Compensation does not determine this comparison.
Illustration: equal eligible spending in each of 12 months / statement cycles, no refunds and no prior cap usage. Different merchant baskets may apply to each card; read both assumptions. Rewards are cash-equivalent estimates, not profit or guaranteed savings.
Eligible online purchases only; ₹2,000 per statement online cap. UPI network and excluded utility categories do not earn cashback in this model.
Online scenario means eligible non-Amazon purchases earning 1%. Rewards are Amazon Pay balance valued at ₹1 per unit, not bank cash. Prime/Amazon 5% is a different basket.
Excludes borrowing interest, redemption charges, extra transaction fees, vouchers, welcome gifts, lounge valuations, FX conversion and paid plans. Selecting Travel / Forex does not assume every travel booking is an overseas transaction. Waiver-eligible spend can differ from reward-eligible spend: this simplified scenario assumes all entered spend counts toward the displayed renewal threshold. Confirm the issuer's exact threshold boundary.
Not verified means unknown, not eligible or excluded. The sourced wording below distinguishes reward exclusions from waiver and lounge rules.
| Condition | CASHBACK SBI Card | Amazon Pay ICICI Bank Credit Card |
|---|---|---|
| Joining fee + GST | ₹999 + GST · ₹1,178.82 incl. GST | No joining fee · ₹0.00 incl. GST |
| Renewal fee + GST | ₹999 + GST (waived on ₹2 lakh eligible annual spend) · ₹1,178.82 incl. GST before waiver | No annual fee · ₹0.00 incl. GST before waiver |
| Annual spend for renewal waiver | ₹2,00,000.00 | Not verified / not applicable; see fee wording. |
| Base and accelerated rewards; caps | 5% online and 1% offline cashback on eligible purchases 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. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. Flexipay and merchant EMI transactions do not earn cashback. | 5% Amazon rewards for Prime members; 3% for non-Prime members 1% rewards on other eligible purchases; rewards credit to Amazon Pay balance. No joining or annual fee; some Amazon categories have reduced or excluded rewards. |
| Domestic/international lounges and spend conditions | Not verified in the maintained record. Check the linked issuer terms. | Not verified in the maintained record. Check the linked issuer terms. |
| Forex markup (+ applicable GST) | Not verified in the maintained record. Check the linked issuer terms. | Not verified in the maintained record. Check the linked issuer terms. |
| Annual interest rate | Not verified; consult the linked issuer MITC and your personal offer. | 45% on overdue revolving credit under the linked ICICI MITC; confirm personal terms. |
| UPI Scan & Pay | Not verified in the maintained record. Check the linked issuer terms. | Not verified in the maintained record. Check the linked issuer terms. |
| Utility bills & telecom | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Insurance premiums | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Government / NPS / tax payments | Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Fuel & rent | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Gold / jewellery | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| School / education | No cashback on utilities, insurance, fuel, rent, wallets, education, jewellery or railway spends, among other exclusions. Cashback excludes utilities/telecom, insurance, fuel, rent, wallets, education, jewellery, railways, gift shops, government payments, tolls, gaming and quasi-cash, among other excluded categories. | Not verified in the maintained record. Check the linked issuer terms. |
| Official issuer MITC / reward documents | Issuer MITC PDF Issuer benefit / terms PDF Issuer benefit / terms PDF | Issuer MITC PDF |
For eligible non-Amazon online purchases earning 1% on Amazon Pay ICICI versus 5% on SBI, the illustrative fee-only break-even is ₹2,455.88/month before SBI renewal waiver, caps, rounding and other spending. ₹20,000/month is not the break-even.
SBI Cashback: ₹999 + GST (waived on ₹2 lakh eligible annual spend); renewal threshold ₹2,00,000.00. Amazon Pay ICICI: No annual fee; renewal threshold not verified / not applicable.
SBI Cashback: Not verified in the maintained record. Check the linked issuer terms. Amazon Pay ICICI: Not verified in the maintained record. Check the linked issuer terms.
The answer depends on eligible merchants, payment app, caps and reward redemption. Use a modelled scenario only where both cards have verified inputs. Unknown categories are not treated as zero rewards.
A secured or no-annual-fee card may be worth checking. These are not guaranteed or statistically high-approval offers. KYC, deposit, income and issuer conditions still apply.
No annual fee
Subject to issuer availability and approval.
Requires a fixed deposit with the issuer; approval is subject to its conditions. Resident applicants require a minimum ₹20,000 eligible fixed deposit.
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No annual fee; currently offered lifetime-free; confirm acquisition eligibility
Subject to issuer availability and approval.
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