SBI Cashback Credit Card Review – State bank of India has launched a new credit card with 5% Flat Cashback on all Online Purchases and spend. This Contactless Credit card is coming with NIL joining fees as an introductory offer but there will be renewal fees. Checkout the features, benefits and all other details about the Credit Card offered by SBI Cards.
The contactless card is free for the first year till March 2023 . User of this cashback Credit Card will earn unlimited 1% cashback on all spends. Cashback will increase to 5% on all online spends for up to maximum of Rs 10,000 per monthly statement cycle.
Fees & Charges
Joining Fees : NIL as an introductory Offer
Annual Fees : Rs 999 + GST
Fees Waiver : Annual spend of Rs 2 Lakhs and above
Offer & Benefits
Online Cashback Offers : 5% to all the Online spend without any restriction on category of merchants
Other Offers : 1% on other than Online transactions
Airport Lounge Access : 4 Free lounge access in a year with one per quarter.
Fuel Surcharge Waiver : 1% Fuel surcharge waiver with maximum Rs 3000 per month
Comparison with Other Credit Cards
Axis Bank Flipkart Credit Card – A good card with just Rs 500 renewal fees, if your online shopping is majorly through Flipkart
Amazon ICICI Credit Card – 5% Cashback card for prime member with NO Renewal Fees, if your are shopping with amazon.
Canara Bank Rupay Credit Card – Very good credit card, if your shopping is EMI based, they have lowest ROI.
CardFinder Review
There is no doubt that SBI Cards are very popular and accepted at almost all the merchants site weather Online or Offline. This card is having features similar to few other cards but here the catch is of 5% flat cashback on all online spend where as other cards like Axis Bank Flipkart card or Axis Bank ACE cards are offering on limited merchants.
This Credit Card is good but not with Rs 999 renewal fees. The minimum spend limit for the reversal of annual fees is also higher at Rs 2.00 lakhs. Rate your view on SBI Cashback Credit Card Review.