Sbi Cashback Credit Card Details and How to Apply

The SBI Cashback Credit Card is a great option for those looking to earn rewards on their daily expenses. It offers a cashback of 5% on all purchases made using the card, with a maximum cap of Rs. 1,000 per month.

To be eligible for this card, you need to have a minimum income of Rs. 15,000 per month. You also need to be at least 21 years old and a resident of India.

The card comes with a joining fee of Rs. 499 and an annual fee of Rs. 499, which is waived off for the first year. The interest rate on the card is 24.5% per annum.

You can apply for the SBI Cashback Credit Card online or through the SBI Bank branch. The online application process is quick and easy, and you can get instant approval.

The SBI Cashback Credit Card offers a 5% cashback on all online purchases with no merchant restrictions.

You can earn up to Rs 5,000 cashback every month, which is a great incentive for frequent online shoppers.

The card also provides a 1% fuel surcharge waiver at all petrol pumps in India, applicable on transactions between Rs 500 and Rs 3,000.

The joining fee is Rs 999, but it can be reversed from the 2nd year onwards if you spend Rs 2 lakhs in the previous year.

You can also get 1% cashback on offline purchases and utility bill payments, making it a convenient option for daily expenses.

Here are the key highlights of the SBI Cashback Credit Card:

The SBI Cashback Credit Card offers a range of features and benefits that make it an attractive option for those looking to earn rewards on their purchases. One of the standout features is the 5% cashback on all online spends without any merchant restriction.

You can earn 1% cashback on all offline spends and utility bill payments, making it a great option for those who make regular offline purchases. Additionally, the card offers 4 complimentary domestic airport lounge visits per year, which is a great perk for frequent travelers.

Here are some key features and benefits of the SBI Cashback Credit Card:

The card also offers a range of other benefits, including add-on cards for parents, spouse, children, or siblings, and the Easy Bill Pay facility for paying utility bills. Additionally, you can transfer outstanding balance from other bank's credit cards to your SBI credit card to avail a lower interest rate and pay back in EMIs.

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The SBI Cashback Card is a feature-packed offering, and one of its standout features is its cashback rewards program. You can earn 5% cashback on all online spends without any merchant restrictions.

The card also offers 1% cashback on all offline spends and utility bill payments. However, cashback is not applicable on rent payments, wallet loads, merchant EMIs, fuel spends, balance transfer, cash advances, encash, and flexipay.

One of the benefits of the SBI Cashback Card is its complimentary lounge access. You get 4 complimentary domestic airport lounge visits per year, limited to 1 visit per quarter. This is a great perk for frequent travelers.

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Additionally, the card offers a 1% fuel surcharge waiver at all petrol pumps in India on transactions between Rs. 500 and Rs. 3,000, with a maximum surcharge waiver of Rs. 100 per statement cycle per credit card account.

You can also use the card to pay utility bills, including telephone, mobile, electricity, and more, offering convenience and rewards. The card is accepted in over 24 million locations worldwide, including 3.25 lakh in India.

Here are the key features of the SBI Cashback Card at a glance:

Contactless payments make everyday purchases a breeze. Just tap your card to complete a transaction at a secure reader.

You don't have to search for cash or use your card for routine small-cost purchases. This convenience is especially useful when you're in a hurry.

In a Contactless transaction, the card never leaves your hand, greatly reducing the possibility of card loss and fraud due to skimming. This added security is a big advantage.

To be eligible for an SBI Cashback Credit Card, you must meet certain criteria. You can be a salaried employee or a self-employed individual.

The age requirement is between 21 years and 70 years. This is a standard age range for most credit cards.

You must have a stable source of income. This ensures that you can manage your credit card payments.

A good credit history is also necessary. This means you should have a credit score of 750 or above.

To apply for the SBI Cashback Card, you'll need to provide some documents. Here's a list of the required documents:

The SBI Cashback Credit Card comes with a joining fee of Rs. 999, which is applicable from the second year onwards, with a renewal fee of Rs. 999.

You can get the renewal fee waived if your annual spends for the last year exceed Rs. 2 lakh. This is a great benefit for frequent users of the card.

The card also has a cash advance fee of 2.5% or Rs. 500 (whichever is higher) on withdrawals. This fee applies to both domestic and international ATMs.

To avoid late payment charges, make sure to pay your bill on time. The late payment charges range from Rs. 0 to Rs. 1300, depending on the amount you owe.

Here's a breakdown of the late payment charges:

The card also has other fees such as cash payment fee (Rs. 250 + taxes), overlimit fees (2.5% of the overlimit amount or Rs. 600, whichever is higher), and foreign currency transaction fee (3.5%). Make sure to review the card's terms and conditions to understand all the fees associated with it.

To apply for the SBI Cashback Credit Card, you can choose from online or offline methods. The online method involves visiting the official SBI website or YONO mobile app, while the offline method requires visiting a nearby SBI branch.

You can also apply through a third-party online lending marketplace, but this process involves clicking on the 'Credit Cards' section on their website and entering required details.

The renewal process for the SBI Cashback Credit Card involves an annual/renewal cost of Rs. 999, which can be waived if you spent Rs. 2 lakh the year prior.

To check your eligibility for the card, you can select the 'Check Eligibility' option on the SBI website, and if you meet the requirements, you'll be directed to the online application page.

Here's a step-by-step guide to applying for the SBI Cashback Credit Card online:

To apply for an SBI Cashback Credit Card, you can follow these steps. You can apply through the bank's official website, a mobile app, or in person at a nearby branch.

You can start by visiting the SBI official website and searching for the SBI Cashback Card. Alternatively, you can use the YONO mobile app to apply online. The process is straightforward and can be completed in a few minutes.

To apply online, you'll need to click on the 'Credit Cards' section on the homepage and enter your details, including your name, mobile number, email ID, employment-related information, and income details. You'll also need to verify your mobile number by entering the OTP received on your number.

Once you've submitted your application, you'll receive a call from a credit card expert to help you complete the process. You can also visit the SBI Credit Card website to apply online.

If you prefer to apply in person, you can visit your nearest SBI branch and fill out an application form. The bank also has a customer care number that you can call to apply for the card.

Here's a summary of the online application process:

Renewal is a crucial part of maintaining your credit card benefits. An annual/renewal cost of Rs. 999 will be charged.

However, if you spent a significant amount the previous year, this cost might be waived. For example, if you spent Rs. 2 lakh the year prior, the renewal cost will be waived.

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If you're looking to transfer outstanding balances from other credit cards, you can do so with your SBI Cashback Credit Card and enjoy lower interest rates with flexible EMI options.

You can transfer balances from other credit cards to your SBI Cashback Credit Card and take advantage of lower interest rates. This can help you save money on interest charges and make your debt more manageable.

One way to do this is by using the balance transfer on EMI feature, which allows you to pay off your transferred balance in installments over time. This can help you budget your payments and avoid making large, upfront payments.

Here are some key benefits of balance transfer on EMI: