Wednesday, February 8, 2023

SBI Cashback Credit Card: Get up to 5% Cashback, Apply Now

SBI Cashback Credit Card comes with attractive cashback offers, which have given tough competition to the competitors offering Cashback credit cards. SBICard is offering 5% cashback on all online purchases, which has attracted a lot of customers.

If you need a credit card, you can apply for SBICard’s Cashback SBI Card. Here we will provide detailed information on the features, benefits, and fees of an SBI Cashback Credit Card.

Must Read this: – SBI SimplySAVE Credit Card – Features & Benefits, Apply Now

SBI Cashback Credit Card Review

Card VarietyCashback and Online Shopping
Joining FeeNil (for cards issued till March 2023)
Annual FeeRs 999 (reversed on reaching annual spends of Rs 2 lakhs)
Best offer5% Cashback on all online spending with no restriction concerning merchants.
1% flat cashback on all offline transactions
SBICard Customer Care Number1860-180-1290 or 39 02 02 02 (prefix local STD code)

Features of SBI Cashback Credit Card

SBI Cashback Credit Card offer

SBI Card brings to its customer’s amazing Cashback SBI Card, specially designed for online shoppers. The facilities that you get with this card are mentioned below:

No Joining Fee:

  • Enjoy all the privileges for the first year free (for cards issued till March 2023)
  • A renewal fee of Rs. 999 + GST is applicable from 2nd year onwards
  • Reversal of Renewal fee on annual spends of Rs 2 lakhs

Cashback offers

  • 5% Cashback on every online spending without any merchant restriction
  • 1% Cashback on all offline spends and utility bill payments
  • SBI Card Cashback will be auto-credited to your SBI Card account within two days of your next statement generation.

5% cashback can be earned on online transactions without any merchant restrictions. But you can get a maximum cashback of Rs 10,000 on every credit card statement to the extent of 5%. Once the limit is reached, 1% cashback is applicable on all spending. 

Other Features of SBI Cashback Credit Card

  • 4 complimentary domestic airport lounge visits in a year with a limit of 1 visit per quarter
  • Waiver of 1% fuel surcharge in addition to GST and other charges on transactions between Rs 500 and Rs 3000 at all petrol pumps in India.
  • You can use your Cashback SBI Card at over 24 million outlets worldwide, including 3,25,000 outlets in India.
  • Over 1 million VISA cash withdrawals worldwide
  • Transfer other bank credit card dues to your Cashback SBI Card, enjoy lower interest rates and pay the bank in easy EMIs.

Note: Cashback is not applicable on Rent Payments, Fuel Spends, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfers, Encash & Flexipay.

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Note: Get a maximum surcharge waiver of Rs 100 per statement cycle per credit card statement

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Eligibility Criteria of SBI Cashback Credit Card

If you want a Cashback SBI card, you need to know the eligibility criteria for applying for a credit card so that you don’t face any problems getting an SBI card and getting all the documents ready.

  • The Applicant’s age must have between 21 to 65 years.
  • The applicant should be having a stable monthly source of income.
  • The customer should have a good Credit Score say 750+

Documents Required for Cashback SBI Credit Card

  • Identity Proof: PAN Card, Driving Licence, Aadhar Card, etc.
  • Address Proof: Aadhar Card, Utility Bills, Passport, etc.
  • Income Proof: Last 3 months’ Income Tax Return with Computation Chart, last 6 months’ bank statement, and last 3 months’ salary slip in case of Salary person.

Must Read this: – SBI SimplyCLICK Credit Card – Features & Benefits, Apply Now

Cashback SBI Card fees

Fee/ChargesAmount/Rate
Joining FeeNil (for cards issued till March 2023)
Annual FeeRs 999 (reversed on reaching annual spends of Rs 2 lakhs)
Finance Charges3.5% per month (42% p.a.)
Late FeeNil for payment charges will be applicable if the Minimum Amount Due is not paid by the due date.
Rs 400/- for Outstanding Amounts greater than Rs 500 – 1,000
Rs 750/- for Outstanding Amounts greater than Rs 1000 – 10,000
Rs 950/- for Outstanding Amounts greater than Rs 10,000 – 25,000
Rs 1100/- for Outstanding Amounts greater than Rs 25,000 – 50,000
Rs 1300/- for Outstanding Amounts greater than Rs 50,000
Payment Dishonor2% of Payment Amount subject to minimum charges of Rs 500/-
Reward Redemption FeeRs 99 (On Gifts, Cash Redemption & Specific Vouchers Only)
Card Replacement FeeRs 100/- – Rs 250/- (Rs 1,500/- for Aurum)
Cheque Payment feeRs 100/-
Processing fee on all Rent PaymentRs 99/-

An additional Late Payment Charge of Rs 100/- will be levied on missing payment of the Minimum Amount Due by the due date for two consecutive cycles. This charge will continue to be levied for every payment cycle until the Minimum Amount Due is cleared.

Must Read this: – Bank of Baroda Credit Card Features & Benefits Apply Online Now

How to Apply for Cashback SBI Card Online?

SBI Cashback Credit Card is one of the best credit cards. That you must try it once. Given the way it is designed, it is a great card not only for beginners but also for super-premium cardholders to manage their online spending.

  • Click on the link button below to apply for Cashback SBI Card
  • You will be redirected to the official website of SBI Card.
  • Click on the Apply Now button and fill out the online application form.
  • Upload all the documents asked by SBI Card and click on submit.
  • Once your application is approved, the SBI Card team will contact you for verification. You will receive the SBI Cashback Credit Card at your residential address once the verification process is complete.
Cashback SBI Card front

CASHBACK SBI CARD

You can also visit any SBI branch near you to apply for a credit card. To do this, you must have a savings account with the State Bank of India, and you will also need to submit the required documents along with the credit card form.

Must Read this: – Standard Chartered Credit Card available with Attractive Offers, Apply Online

How to Contact SBI Card Customer Care?

By Phone: You can reach the SBI Card helpline at 1860 180 120 or 39 02 02 02 (prefix local STD code)

Email: You can also contact customer care through email. Below is the email address for specific queries:

SBI Cards & Payment Services Ltd.

DLF Infinity Towers, Tower C,

12th Floor, Block 2, Building 3, DLF Cyber City,

Gurgaon -122002(Haryana) India.

Must Read this: – IDFC First Bank Credit Card Apply Online Now

Cashback SBI Card Payment

Credit card bill payments can be done online or offline mode. You can choose one of the following methods to pay your bills online:

Online: You can quickly pay your credit card bill online. You can pay your Cashback SBI Card bill by logging into your SBI Net banking. You can use NEFT, UPI, etc., and pay your credit card bill online. Enjoy the convenience of paying directly from your State Bank of India account with the auto debt features.

SBI Mobile Apps: Paying your credit card bills is now in your hands pay your credit card bills using your mobile phone. Use SBI YONO App or SBI Card Mobile App to Pay Bills of the SBI Cashback Credit Card. You can track your credit card transaction through both SBI Mobile Apps. Manual Drop Box: You can pay your monthly bill payment through a cheque. You can drop your check in the drop box.

Cashback SBI Card FAQ:

What is a Credit Card?

A credit card is a financial product offered by banks and non-banking financial companies (NBFCs). It gives cardholders access to instant credit. The amount of credit varies depending on several factors like age, the income of the cardholder, etc. Cardholders seeking credit using a credit card can pay it back in one go or installments within the stipulated due date.

How can I check my SBI credit card cashback?

You can check your cashback by login into the SBI Card website and SBI Card Mobile app. Card Cashback will be auto-credited to your SBI Card account within two days of your next statement generation. You can also check the details of cashback earned in your monthly Credit Card statement.

What are the benefits of a Cashback Credit Card?

Cashback SBI Card offers 5% cashback on online purchases and 1% Cashback on offline purchases without any merchant restrictions. If you apply for this credit before March 31, 2023, you will not have to pay any joining fee, and the Renewal Fee can be waived on spending up to Rs 2 lakh annually.

How do I pay my SBI Credit Card bill?

You can pay your SBI Credit card bills online and offline. Pay your SBI Cards bills using online methods like Net Banking, NEFT, UPI, Auto Debit, etc. In the offline mode, you can pay bills through a cheque by visiting the branches near you.

How to Contact SBI Card Customer Care?

You can also call the customer care number 1860-180-1290 for any related query to SBI Cashback Credit Card. You can also get your questions answered by sending mail to [email protected]

Can I use my credit card for international transactions?

You can use your Cashback SBI Card for international transactions. They are more helpful than other credit cards in the market as they come with a forex markup of only 3.5% of the transaction value.

Can I withdraw cash from ATM using Cashback SBI Card?

Yes, you can withdraw cash using this card. However, cash withdrawal from the credit card is not advised as it does not qualify for the interest-free period, which means hefty finance charges will be applicable on such transactions. Also, no cashback will be given on cash withdrawals.

What is the use of the Cashback SBI Credit Card?

SBI Card brings to its customer’s amazing Cashback SBI Card, specially designed for online shoppers. The card comes with a welcome bonus and attractive reward points, with a complete waiver of the renewal fees.

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