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Independent card analysis

SBI Cashback Credit Card

SBI Card · Visa · Mid card

Strong fit for eligible online spending across multiple merchants when the ₹2,000 online cashback cap is sufficient for your usage.

Best suited to

People spending ₹15,000+ monthly across various e-commerce and delivery apps.

Authored and reviewed by GainFair
Terms checked 14 Sept 2026
Annual fee
₹999 + GST
Joining fee
₹999 + GST
Base reward rate
1%
Forex markup
3.5%

Reward rates by spending category

Named merchant rates apply only to eligible purchases with that merchant. The category table uses conservative rates for other spending.

Named merchant rates

Amazon
5%
BigBasket
5%
Blinkit
5%
Flipkart
5%
Myntra
5%
Swiggy
5%
Zomato
5%
CategoryRecorded rate
Online shopping
5%
Groceries & essentials
5%
eligible online transactions only
Dining & delivery
5%
eligible online transactions only
Subscriptions & streaming
5%
eligible online transactions only
Beauty & wellness
5%
eligible online transactions only
Entertainment & movies
5%
eligible online transactions only
Travel & hotels
1%
Offline store shopping
1%
International spending
1%
Healthcare & pharmacy
1%
Other miscellaneous
1%
Fuel & commute
0%
Bills & utilities
0%
House rent
0%
Insurance premiums
0%
Education & family
0%

Caps and fee waiver

Reward caps
Eligible online cashback: ₹2,000/statement cycle · Eligible offline cashback: ₹2,000/statement cycle · Aggregate statement-cycle cashback: ₹4,000/statement cycle
Annual fee waiver
At ₹2,00,000 annual spending
Monthly income requirement
Not listed

Airport lounge access

No complimentary airport lounge access recorded

Benefit details

Benefits & conditions

Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.

Rewards and cashback · 7 items

  • Eligible online shopping cashback

    Usage-based value

    5% cashback applies to eligible online shopping transactions.

    Status: verifiedReviewed: 2026-09-14Official source ↗

  • Eligible online transaction cashback

    Usage-based value

    5% cashback requires an eligible online transaction and the online route supplied in your answers.

    Conditions: 5% cashback requires an eligible online transaction and the online route supplied in your answers.

    Status: verifiedReviewed: 2026-09-14Official source ↗

  • Selected online merchant cashback

    Usage-based value

    The selected merchant is treated as an eligible online transaction and receives the verified online cashback rate.

    Conditions: The selected merchant is treated as an eligible online transaction and receives the verified online cashback rate.

    Status: verifiedReviewed: 2026-09-14Official source ↗

  • Eligible offline cashback

    Usage-based value

    1% cashback applies to eligible transactions when no verified online rule is proven.

    Status: verifiedReviewed: 2026-09-14Official source ↗

  • 5% cashback on eligible online spends, capped at ₹2,000 per statement cycle

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-14Official source ↗

  • 1% cashback on eligible offline spends, capped at ₹2,000 per statement cycle

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-14Official source ↗

  • Cashback automatically credited directly to your statement every month

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-14Official source ↗
Fees · 2 items

  • Annual card fee

    Cost ₹999

    ₹999 annual fee before applicable tax.

    Status: verifiedReviewed: 2026-09-14Official source ↗

  • Joining fee

    Cost ₹999

    ₹999 one-time joining fee before applicable tax.

    Status: verifiedReviewed: 2026-09-14Official source ↗
Fee waiver · 2 items

  • Annual fee waiver

    Usage-based · up to ₹999

    Annual fee may be waived after ₹2,00,000 of eligible annual spending.

    Conditions: Reach ₹2,00,000 eligible annual spending

    Status: verifiedReviewed: 2026-09-14Official source ↗

  • Annual fee waived on ₹2 Lakh annual spend

    Shown without a cash value
    Status: verifiedReviewed: 2026-09-14Official source ↗
Foreign-currency charges · 1 item

  • Foreign-currency markup

    Usage-based value

    3.5% foreign-currency markup before applicable tax.

    Conditions: Applies to eligible foreign-currency transactions

    Status: verifiedReviewed: 2026-09-14Official source ↗
Eligibility and availability · 1 item

  • Application eligibility

    Shown without a cash value

    Application availability: open. No universal verified numeric income threshold is used as a hard filter. The issuer source reviewed for reward terms does not publish a universal numeric income threshold.

    Status: verifiedReviewed: 2026-09-14Official source ↗
Other categories (13)

These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.

What stands out

  • ✓ 5% cashback on eligible online spends, capped at ₹2,000 per statement cycle
  • ✓ 1% cashback on eligible offline spends, capped at ₹2,000 per statement cycle
  • ✓ Cashback automatically credited directly to your statement every month
  • ✓ Annual fee waived on ₹2 Lakh annual spend

What to watch

Online and offline cashback are capped separately at ₹2,000 each per statement cycle. Utilities, insurance, fuel, rent, wallets, education, jewellery, railways and other listed categories are excluded. No airport lounge access.

Recorded exclusions

Bills Utilities · Fuel Commute · Rent · Insurance · Education Family · Wallet load · Government payments · Jewellery · Railways · Digital gaming · Tolls · Merchant emi · Flexipay · Balance transfer · Cash advance · Fees and charges · Disputed transactions

How GainFair evaluates this card

The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.

Ask the advisorApply ↗Read the methodology

Affiliate disclosure: Affiliate link · GainFair may earn a commission if you complete a qualifying action. You pay nothing extra, and compensation never affects recommendations or rankings. Read the full disclosure.

Similar alternatives

Compare against

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Terms tracker

Card change history

Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.

  1. Value reduced

    Cashback caps split and exclusions expanded

    SBI Card replaced the single statement-cycle cashback ceiling with separate online and offline limits, and added gaming, toll and government transactions to the excluded categories.

    Before
    Up to ₹5,000 total cashback per statement cycle under the earlier programme terms.
    After
    Up to ₹2,000 online plus ₹2,000 offline cashback per statement cycle; ₹4,000 maximum in total.
    Announced 27 Feb 2026Checked 30 Aug 2026SBI Card benefit-revision notice ↗

Issuer sources

Open the sources used for this card's product details, rewards, fees and eligibility.

Product, Eligibility ↗Rewards, Change notice ↗Fees ↗Change notice ↗

Sources checked 14 Sept 2026 · Latest recorded change effective 1 Apr 2026