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SBI · entry tier
SBI Cashback Credit Card
Pure online cashback hunters under ₹40K monthly online spend
Joining fee
₹999
Annual fee
₹999
Base rate
1%
Expert rating
8.5/10
— Real annual value
What's it actually worth for you?
₹50.0K
Gross rewards₹15,600
Fees-₹999
Net annual value+₹14,601
Value breakdown
online (5%)+₹12,000
Base rate (1%)+₹3,600
Annual fee (waived)+₹0
Joining fee (year 1)₹999
— Highlights
- Flat 5% online
- Auto cashback (no redemption)
- No category restrictions
— Drawbacks
- ₹2,000/month cap (added April 2026)
- Excludes rent, fuel, utilities, wallet
— Redemption paths
Every way to spend your cashback
1
cashback
Auto-credited to statement
₹1.00
per point
— Reward rates
Earn by category
online
5%
Capped at ₹2.0K/month
5% on all online (cap ₹2,000/month after April 2026 update)
— Devaluation history
Beware — this card has been devalued.
01 Apr 2026
₹2,000/month cap on online cashback added
cap added
high impact