Cashback SBI Card

Name: SBI Card Cashback SBI Card
Brand: SBI Card
Price: 1179 INR
Rating: 5.08 (1 reviews)

Ranked #27 of 170 in credit

creditVisaPlatinum

SBI's flagship cashback card offering flat 5% on all online spends without merchant restrictions, though the April 2026 devaluation significantly cut earning caps and added new exclusions.

Score breakdown

Data completeness: 100% · Last verified: 09 Jul 2026

Reward value45/100 · weight 71%

≈ 2.24% effective on the standard basket (eligible spend only)

Wide-coverage rewards: +2.5% score bonus — earns broadly without narrow category restrictions.

No rewards on: education, utilities, fuel, insurance, gaming. Reward score is scaled by ×(1 − 2.0%), proportional to how much of the standard basket falls in these excluded categories (v4 formula, capped at −5%). Tip: pair with a card that covers these.

Fee efficiency91/100 · weight 12%

Redemption flexibility92/100 · weight 9%

Perks1/100 · weight 9%

Fees

All fees shown base + 18% GST (India card fees legally attract GST).

Joining fee: ₹999 + 18% GST
= ₹1,179 total
Annual fee: ₹999 + 18% GST
= ₹1,179 / year total
Forex markup: 3.5%

Lounge access

Domestic (per year): 0
International (per year): 0

Reward structure

Category	Type	Rate	Cap	Notes
online_shopping	cashback	5%	₹2,000 / monthly	5% on all online spends, no merchant restriction; cap CUT to Rs 2,000/cycle from April 1, 2026 (was Rs 5,000)
online_spends	cashback	5%	₹5,000 / monthly	5% cashback on all online spends
offline_spends	cashback	1%	₹2,000 / monthly	1% on offline spends, capped Rs 2,000/cycle from April 2026
all_spends	cashback	1%	—	1% offline

Welcome offer

None - no welcome benefits or introductory offers

Milestone benefits

Pros

Flat 5% cashback on ALL online spends with no merchant restriction (rare - works at any online merchant, not just co-branded partners)
1% on offline
automatic statement credit, no point tracking
achievable Rs 2L fee waiver

Cons

IMPORTANT April 1, 2026 devaluation: online and offline cashback caps CUT from Rs 5,000 combined to Rs 2,000 EACH (max Rs 4,000/cycle total, down from Rs 5,000)
NEW exclusions added for skill-gaming, tolls, and government payments
no lounge access
no welcome benefits

What's inside

More benefits

Unlimited 5% online cashback
5% cashback on all online spends, 1% offline
unlimited. Monthly cap applies, verify at MITC

Insurance cover

text: ₹NaN

Eligibility

text: Age 21-70, salaried or self-employed with regular income

Small print

Redemption fee: ₹0 / redemption