SBI Card
CASHBACK SBI Card
Annual Fee
₹1,179₹999 + GSTBase Reward
1% cashback
Foreign Markup
3.5% of the international transaction
Product Highlights
- 5% cashback on every online transaction
- 1% cash back on every offline transaction
- Spend-based annual fee waiver
- 1% fuel surcharge waiver capped at ₹100 per month
Category Rewards
Specialty
5% on online transactions
5%
Fee Waiver
Waived on ₹2L annual spend
Reward Calculator
Earns ₹1,821/year (net)
Modest gain. Solid hold if you like the perks.
₹13K
across all your buckets
₹3K
direct cashback
₹3K
via direct credit
Effective rate
1.92%
Annual fee
₹1,179
Year 1 net
+₹1,821
Year 2+ net
+₹1,821
ongoing
Adjust your spend by reward bucket
2 bucketsReal Reward Ceiling
Headline %s are gated by caps. Here's how far each accelerator stretches before it falls back to the base rate.
5% on online transactions
Headline: 5.00% effective
₹2,000/cycle ÷ 5.00% = ₹40,000 eligible spend/cycle
Surcharges & Exclusions
Watch-outs that quietly erode your effective rewards. Categories listed as “excluded” earn 0% even if the merchant looks normal.
Foreign exchange markup
3.5%Charged on every international (non-INR) transaction
Excluded from rewards
fuel, balance transfer, cash advance, emi, utility, insurance, jewelry, education, railways, wallet
Fuel surcharge waiver (good news)
2.5%on ₹500–₹3,000 fuel txns · capped at ₹100/cycle
Surcharges are typically charged 1 cycle after the transaction and may include GST. Always confirm with the bank's most recent T&C.
Rewards Details
5% Cashback for Online Spends. 1% Cashback for Offline Spends.
Redemption
Cashback earned with the card will be automatically credited to next month’s statement.
Benefits & Features
1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 at petrol pumps across India.
Pros & Cons
Pros
- Decent 5% cashback on online and 1% cashback on offline spends.
- The monthly cashback cap of ₹5,000 is high when compared to other cashback cards.
- Great for online spendings as most cashback cards don’t offer 5% back.
Cons
- Several categories excluded from 1% cashback.
- Hard to reach the spend-based waiver as many major spend categories don’t accrue cashback.
- Complimentary lounge access has been discontinued.
Additional Info
Maximum Cashback of ₹5,000 in a Statement Cycle.
Excluded Categories
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Fees & Charges
Eligibility
Min Age
21 yrs
Networks
Fee Waiver
Waived on ₹2L annual spend