SBI Cashback Credit Card Review
SBICard has recently launched a cashback credit card that offers a maximum cashback of 5% on online purchases, outperforming all other cashback credit cards in the market. With its innovative design, this card is suitable not only for new users but also for high-end cardholders to maximize their spending. Let us provide you with all the necessary information about this highly recommended cashback credit card. The SBICard Cashback Credit Card stands as the unparalleled best cashback credit card in the nation. For those seeking entry-level cards and seeking to optimize their online expenditures, this card is the sole solution as of today.
With a remarkable earn rate of 5% on online purchases, it surpasses even the most elite super premium credit cards in terms of rewards on online spending.
Card Cashback
- 5% Cashback on every online spend without any merchant restriction
- 1% Cashback on all offline spends and utility bill payments
- Cashback not applicable on Rent Payments, Fuel Spends, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay
- Enjoy seamless cashback rewards, as the cashback earned will automatically be credited to your SBICard account within two days after your next statement generation
- The maximum cashback that can be earned per statement cycle is capped at Rs. 10,000, equivalent to a spend of Rs. 2,00,000
Lounge Access
- Four complimentary visits to domestic airport lounges per year
- Limited to one visit per quarter
- List of participating lounges can be accessed by clicking here
Fuel Benefits
- Benefit from a 1% fuel surcharge waiver at all petrol pumps in India
- Maximum fuel surcharge waiver of Rs. 100 per statement cycle per credit card account, which is equivalent to an Annual Savings of Rs. 1200
- Applicable on transactions ranging from Rs. 500 to Rs. 3,000, excluding GST and other charges
Fee Structure
Joining Fee: NIL
Annual Fee: 999 + Applicable taxes
Annual Fee: 999 + Applicable taxes
(Annual fee reversal on spending Rs 2 Lakh in the preceding year)
CP's Take
The SBI Cashback Credit Card is a highly advantageous option in the Indian market, offering a remarkable 5% cashback on a wide range of online expenditures, access to airport lounges, and an optimized onboarding experience.
It is impressive to observe SBI's proactive approach in the entry-level credit card market. Although this is an excellent development, it would be desirable to see a similar level of enthusiasm applied to their premium credit card offerings.
It is important to note that the limited monthly cashback of up to 10K INR may not be sustained in the long term. The offer may be subject to revision as the issuer seeks to reach a desired level of cardholder acquisition.
Given the exceptional benefits of this credit card, a potential devaluation in the future should be anticipated.
Apart from variant-specific features, holding an SBI Card is a pleasure and peace of mind in itself.
All SBI Cards share some common benefits such as Balance Transfer, Balance Transfer on EMI, Flexipay, and Encash facilities.
Should you require any further information, please do not hesitate to drop us a line in the comment section below. Alternatively, you can also write to us at admin@chargeplate.in.
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SBI Cashback Credit Card Review
Reviewed by Rahmat
on
November 30, 2022
Rating:
Reviewed by Rahmat
on
November 30, 2022
Rating:
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