SBI Cashback Card Review

SBI Cashback Card Review: The SBI Cashback Card is one of the newest additions to the SBI credit card portfolio. This card offers a host of benefits, including a high cashback rate of 5% on dining, movies, and grocery spending. It also offers other benefits such as a fuel surcharge waiver, free insurance coverage, and a host of other features. The SBI Cashback Card is a great option for those who want to maximize their cashback earnings.

The 5% cash back on dining, movies, and grocery spending is one of the highest in the market, making this card a great option for those who spend a lot on these categories. The fuel surcharge waiver is also a great benefit, especially for those who travel often. Free insurance coverage is also a valuable addition. Overall, the SBI Cashback Card is a great option for those who want to maximize their cashback earnings. It offers a high cashback rate, as well as a host of other benefits.

SBI Cashback Card Review
SBI Cashback Card Review

1) SBI Cashback Card Review

The SBI Cashback Card is a credit card that offers cashback on all your purchases. It is a great way to save money on your everyday spending. The card offers 5% cashback on all your purchases, up to a maximum of Rs. 500 per month. This means that you can save up to Rs. 6,000 per year with this card. The SBI Cashback Card also offers 0.5% cash back on all other spends.

2) Features and Benefits of the SBI Cashback Card

SBI cashback card is one of the best cashback credit cards in India. It offers 2% cashback on all spends, which is higher than most other cards. It also has no annual fee, which makes it very attractive to customers.

Some of the key features and benefits of the SBI cashback card are as follows :

1. 2% cashback on all spends: SBI cashback card offers 2% cashback on all spends, which is higher than most other cards. There is no minimum spend required to earn cashback and no capping on the maximum cashback that can be earned.

2. No annual fee: SBI cashback card has no annual fee, which makes it very attractive to customers.

3. International usage: SBI cashback card can be used internationally, which makes it very convenient for customers.

4. Easy redemption: SBI cashback card offers easy redemption of cashback, which makes it very convenient for customers.

5. Attractive offers: SBI cashback card offers attractive offers and discounts on various products and services, which makes it very attractive for customers.

3) Eligibility Criteria for SBI Cashback Card

SBI Cashback Card is one of the best cashback credit cards in India. It offers up to 5% cash back on all your spending, making it a great choice for people who spend a lot on their credit cards. However, there are a few eligibility criteria that you need to meet in order to get this card.

In order to be eligible for the SBI Cashback Card, you need to have a good credit score. This is because the card is a cashback card and it offers a lot of benefits and perks. If you have a bad credit score, you will not be able to get this card.

Another eligibility criterion for the SBI Cashback Card is that you should be a resident of India. This is because the card is only available to Indian residents. If you are not a resident of India, you will not be able to get this card.

The last eligibility criterion for the SBI Cashback Card is that you should have a minimum income of Rs. 60,000 per annum. This is because the card is a cashback card and it offers a lot of benefits and perks. If you do not have a minimum income of Rs. 60,000 per annum, you will not be able to get this card.

4) Fees and Charges of SBI Cashback Card

The SBI Cashback Card is a great option for those who are looking for a cash-back credit card. It offers a variety of benefits and features that make it a great choice for consumers. However, there are also some fees and charges associated with this card. Here is a look at the four main fees and charges of the SBI Cashback Card :

1. Annual Fee: The annual fee for the SBI Cashback Card is Rs. 499. This fee is waived for the first year.

2. Foreign Exchange Markup Fee: The foreign exchange markup fee for the SBI Cashback Card is 3.5%. This fee is charged on all transactions made in a foreign currency.

3. Cash Advance Fee: The cash advance fee for the SBI Cashback Card is 2.5% of the transaction amount. This fee is charged on all cash advances made with the card.

4. Late Payment Fee: The late payment fee for the SBI Cashback Card is Rs. 100. This fee is charged if the cardholder does not make the minimum payment due on their account by the due date.

These are the four main fees and charges associated with the SBI Cashback Card. Be sure to take these into consideration when you are deciding whether or not this card is right for you.

5) Documents Required for SBI Cashback Card

SBI Cashback Card is one of the most popular credit cards in India. It offers a wide range of benefits and features that make it an ideal choice for both new and experienced credit card users. However, before you can enjoy these benefits, you need to have the following five documents in order:

1. A valid passport: This is perhaps the most important document that you need in order to get an SBI Cashback Card. Your passport should be valid for at least six months from the date of your application.

2. A recent photograph: You will need to submit a recent passport-sized photograph along with your application form.

3. An application form: You can get the SBI Cashback Card application form from the bank’s website or any of its branches.

4. Proof of identity: You will need to submit a copy of your PAN card, driving license, or any other government-issued photo ID as proof of identity.

5. Proof of address: You will need to submit a copy of your latest utility bill, bank statement, or any other official document that has your current address.

6) How to Apply for SBI Cashback Card

SBI Cashback Card is one of the best cashback credit cards in India. It offers up to 5% cash back on all your spending, making it a great choice for regular spenders. However, before you can enjoy the benefits of this card, you need to apply for it. Here’s a step-by-step guide on how to apply for SBI Cashback Card.

1. Visit the SBI Card website and click on the ‘Apply Now’ button.

2. You will be redirected to the online application form. Here, you will need to enter your personal details, contact details, and income details.

3. Once you have filled in all the required details, click on the ‘Submit’ button.

4. Your application will then be processed and you will receive a decision within 7-10 working days.

5. If your application is successful, you will receive your SBI Cashback Card within 2-3 weeks.

So, these are the simple steps that you need to follow in order to apply for SBI Cashback Card. Just make sure that you meet the eligibility criteria before applying and you should have no trouble getting approved for this excellent cashback credit card.

7) Advantages of SBI Cashback Card

SBI Cashback Card is a credit card offered by the State Bank of India. It offers a wide range of benefits and features to its cardholders. Some of the advantages of using this credit card are:

Cashback on all spends: SBI Cashback card offers 5% cashback on all spends, making it a lucrative option for regular spenders.

No annual fee: This credit card does not charge any annual fee, making it a cost-effective option.

Complimentary airport lounge access: SBI Cashback cardholders can enjoy complimentary access to airport lounges across India.

• Attractive reward points: SBI Cashback card offers 2 reward points for every Rs. 100 spent. These reward points can be redeemed for a wide range of products and services.

Discounts on movie tickets: SBI Cashback cardholders can avail of discounts on movie tickets at select theaters across India.

Fuel surcharge waiver: SBI Cashback cardholders can enjoy a fuel surcharge waiver of up to Rs. 100 per month.

Easy payment options: SBI Cashback card offers multiple payment options like EMIs, auto-debit, etc. which makes it a convenient option for cardholders.

8) Disadvantages of SBI Cashback Card

SBI Cashback Card is a type of credit card offered by the State Bank of India. It is a Visa/MasterCard co-branded credit card which offers cashback on all purchases made using the card. The card also offers discounts on fuel, travel, and shopping. The cardholders earn 1% cash back on all purchases made using the card.

However, the SBI Cashback Card has some disadvantages which are listed below :

1. The card has a high annual fee of Rs.499 which is quite high compared to other cashback cards.

2. The card has a high-interest rate of 3.35% per month which is quite high compared to other cashback cards.

3. The card offers a cashback of only 1% which is quite low compared to other cashback cards.

4. The card has a foreign currency transaction fee of 2.5% which is quite high compared to other cashback cards.

5. The card has a fuel surcharge of 2.5% which is quite high compared to other cashback cards.

6. The card has a late payment fee of Rs.100 which is quite high compared to other cashback cards.

7. The card has a cash advance fee of 3% which is quite high compared to other cashback cards.

8. The card does not offer any welcome bonus or reward points which is a disappointment as compared to other cashback cards.

9) Customer Care Details

The SBI Cashback Card is a credit card that offers a number of benefits to cardholders, including cash back on purchases, a wide range of rewards and discounts, and a number of other perks. However, there are a few things to keep in mind when using this card, including the following customer care details.

When it comes to customer care, the SBI Cashback Card offers a number of options for cardholders. These include a 24/7 customer care number, an online customer care portal, and a number of other channels through which cardholders can get in touch with the bank.

The customer care number for the SBI Cashback Card is 1800 425 3800. This number is available 24 hours a day, 7 days a week, and can be used to get in touch with a customer care representative for any queries or concerns that cardholders may have.

The online customer care portal for the SBI Cashback Card is available at https://www.sbicard.com/en/personal/support/contact-us.html. This portal can be used to get in touch with a customer care representative through email or live chat.

In addition to the above, cardholders can also get in touch with the bank through a number of other channels, including social media, the SBI website, and the SBI mobile app.

10) SBI Cashback Card FAQ

1. What is the SBI Cashback Card?

The SBI Cashback Card is a credit card offered by the State Bank of India that comes with a host of cashback and rewards benefits. cardholders can earn up to 5% cashback on their spending, making it a lucrative option for those who often swipe their credit cards for everyday purchases.

2. How much cashback can I earn with the SBI Cashback Card?

You can earn up to 5% cashback on your spending with the SBI Cashback Card. This includes a flat 1% cashback on all purchases and an additional 4% cashback on select categories like fuel, groceries, and utility bills.

3. What is the minimum spend required to earn cashback with the SBI Cashback Card?

There is no minimum spend required to earn cashback with the SBI Cashback Card. However, do note that the maximum cashback you can earn in a month is capped at Rs. 500.

4. How do I redeem my cashback rewards?

Your cashback rewards will be credited to your account at the end of every billing cycle. You can then use these rewards to make future purchases or pay off your outstanding credit card bill.

5. Is there any joining fee for the SBI Cashback Card?

Yes, there is a joining fee of Rs. 499 + GST for the SBI Cashback Card. However, this fee is waived if you spend Rs. 20,000 or more within 60 days of card activation.

6. What is the annual fee for the SBI Cashback Card?

The annual fee for the SBI Cashback Card is Rs. 499 + GST, which is waived if you spend Rs. 1 lakh or more in a year.

7. What are the other benefits of the SBI Cashback Card?

In addition to the cashback rewards, the SBI Cashback Card also comes with a host of other benefits like a fuel surcharge waiver, airport lounge access, and more.

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