CASHBACK SBI Card
SBI Card · Cashback card · ₹999 annual fee
Fees & benefits
| Annual fee | ₹999 + GST — waived at ₹2,00,000/yr spend |
| Welcome benefit | None |
| Airport lounges | None |
| No rewards on | utility, insurance, fuel, rent, wallet, education, jewellery, railways, government, gaming, toll, emi |
Reward rates (with caps — the part that actually matters)
| Rule | Effective rate | Monthly cap | Applies to |
|---|---|---|---|
| 5% online cashback | 5% | ₹2,000 | online |
| 1% offline cashback | 1% | ₹2,000 | all eligible spend |
What it's worth at your spend
Net annual value on a typical Indian urban spend mix (shopping-heavy, incl. groceries, dining, fuel, travel, bills), after caps and fees. Rank is across every card we track.
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Caveats & recent changes
Effective 1 Apr 2026: 5% online (₹2,000/cycle cap) + 1% offline (₹2,000/cycle cap), with an overall ₹4,000/cycle ceiling (down from ₹5,000).
Many categories excluded from cashback: utilities, insurance, fuel, rent, wallet, education, jewellery, railways, government, digital gaming, tolls and EMI.
Verified 2026-07-13 against official issuer sources (agent verification pass; manual human review unavailable).
Quick answers
Is the CASHBACK SBI Card lifetime free?
No, the annual fee is ₹999 (plus GST), waived on spending ₹2,00,000 a year.
What is the highest reward rate on the CASHBACK SBI Card?
5% — 5% online cashback. Effective value depends on monthly caps; see the caveats on this page.
Does the CASHBACK SBI Card give airport lounge access?
No, the CASHBACK SBI Card does not include airport lounge access.
Where the CASHBACK SBI Card fits
Ranks in our: Travel credit cards in India (#2), Credit cards for online shopping (#2), Cashback credit cards in India (#3), Credit cards for dining and food delivery (#4).
Compare it: CASHBACK SBI Card vs HSBC Live+ Credit Card · CASHBACK SBI Card vs Swiggy HDFC Bank Credit Card · CASHBACK SBI Card vs Axis Bank Atlas Credit Card · CASHBACK SBI Card vs American Express Membership Rewards Credit Card.
Best cards by spend: ₹15,000/month · ₹30,000/month · ₹60,000/month. Check if this card's fee is worth it.