Cashback SBI Card

Annual fee

Annual fee: ₹999 + taxes

Joining feeRenewal fee

₹999 + GST

Fee waiver rule

999 (Waived off on annual spends of 2 Lakh or more in the preceding year)

Add-on card fee

₹0

Reward rate

Card cashback of 5% on online transactions and 1% on offline transactions.

Fuel earning

Cashback is not applicable on fuel spends

Insurance spend earningReward exclusions

Cashback is not applicable for spends on Utilities, Insurance, Fuel, Rent, Wallets, Education, Jewellery, Railways, and more

Online earning

5% Cashback on online spends without any merchant restriction.

Rent earning

Cashback is not applicable for spends on Rent

Utilities earning

Cashback is not applicable for spends on Utilities

Wallet load earning

Cashback is not applicable for spends on Wallets

Reward caps

The maximum cashback that may be earned on online transactions in a statement cycle is ₹2,000. The maximum cashback that may be earned on Offline transactions in a statement cycle is ₹2,000

Cashback redemption

Cashback auto-credited to SBI Card account within two working days of next statement generation

Statement-credit redemption

Card Cashback will be auto-credited to your SBI Card account within two working days of your next statement generation

Point expiry

Your Card Cashback does not expire.

Fuel surcharge waiver

Enjoy a 1% fuel surcharge waiver on every transaction between ₹500 and ₹3,000 at all petrol pumps across India.

Add-on card eligibility

Add-on cards for your parents, spouse, children or siblings above the age of 18.

Balance transfer terms

Transfer outstanding balances of other banks’ credit cards to your CASHBACK SBI Card at a lower interest rate and repay in easy EMIs.

Forex markup

3.5% on foreign currency transactions.

Dynamic currency conversion markup

3.5%

Cash advance fee

2.5% or ₹500 whichever is higher (domestic & international ATMs)

Cash advance interest

3.75% p.m. (45% p.a.) for unsecured cards.

Cash withdrawal limit

Cash withdrawal limit of ₹15,000 per day on MCC 6011 (ATM Withdrawals), subject to Cash Advance Limit availability

Interest on unpaid balance

The current rate of finance charges is upto 3.75% per month [45% per annum] from the transaction date and is subject to change at the discretion of SBI Cards & Payment Services Limited (SBICPSL).

Interest-free period

20-50 days interest-free when you pay in full.

Late payment fee

From Nil (amount due ₹0 to ₹100) to ₹1,300 (amount due above ₹50,000)

Over-limit fee

2.5% of Overlimit Amount (subject to a minimum of ₹600)

Payment return or dishonour fee

2% of Payment amount (subject to a minimum of ₹500)

Card replacement fee

₹100 - ₹250

Cash payment / cash deposit fee

₹250

Cheque payment / dishonour fee

₹200

Education / school fee charge

1% of the transaction amount applicable on Education Payments made through third-party apps.

Foreign ATM fee

2.5% of transaction amount (subject to a minimum of ₹500)

Wallet load charge

1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000.

Rent transaction fee

₹199 processing fee on all rent payment transactions.

Utility transaction fee

1% of total amount of Utility Payments, if the total amount exceeds ₹50,000 in a billing cycle.

GST note

All taxes would be charged as applicable on all fees, interest and charges

Grace days after the due date

Grace period of 3 days is allowed from the payment due date on credit card accounts, where payments are not overdue from previous billing cycle (s)

Minimum amount due

Minimum Amount Due shall be 100% of GST + 100% of EMI amount + 100% of Fees/Charges +100% of finance charges+ Overlimit Amount (if any) + 2% of remaining balance outstanding