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SBI Card launches first-of-its-kind 'CASHBACK SBI Card'
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SBI Card launches first-of-its-kind 'CASHBACK SBI Card'

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ashmail123957

SBI Card today announced the launch of 'CASH BACK SBI Card', the first-of-its-kind and the most comprehensive Cash back credit card in India. CASH BACK SBI Card is the industry's first Cashback-focused credit card that enables cardholders to earn 5% Cashback on all online spends without any merchant restrictions.

https://www.sbicard.com/en/personal/credit-card...

  • You can earn accelerated Card Cashback of 5% on online transactions and base Card Cashback of 1% on offline and utility bill payments. For exclusions and other details, please see the cardholder T&Cs.

    • There is no limit to the amount of Card Cashback that you can earn. However, the accelerated Card Cashback i.e. 5% cashback is limited to Rs. 10,000 per billing statement month. Post that, you will continue to get base Card Cashback of 1% on eligible online and offline spends.
      For instance: If your statement generation date is 11th July, the transactions made from 12th June to 11th July will be considered under this statement cycle and all eligible online transactions during this period will accrue 5% Cashback up to maximum of Rs. 10,000. Within the same statement period, all transactions made after reaching the cashback limit of Rs. 10,000 will accrue 1% cashback till 11th July.


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  • *Cashback not applicable on Rent Payments, Fuel Spends, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.


https://www.sbicard.com/sbi-card-en/assets/docs...

11. How much Cashback can I earn?
Ans: You can earn accelerated Card Cashback of 5% on online transactions and base
Card Cashback of 1% on offline and utility bill payments.


Cashback detailed terms from SBI's Booklet

cc: Seinfeld

Top Comments
Deal Captain Deal Captain
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rajarew wrote:

At first they attract,later they subtract ✂️

Get "ATTRACTED", when they're "ATTRACTING". Get "SUBTRACTED", when they start "SUBTRACTING".
Entertainer Entertainer
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At first they attract,later they subtract ✂️

Deal Cadet Deal Cadet
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sshaik33340 wrote:
Has anyone's card been dispatched? Mine approved 3 days ago, virtual card received, no dispatch details yet
Why do you even need physical card 😂

Start reaping its benefits and enjoy. There are better (or at least at par) cards for offline payments anyway
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Deal Cadet Deal Cadet
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Details will be updated shortly on SBI portal

Deal Subedar Deal Subedar
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Lol it will be with upto 100 cb😅.

Pro Community Angel Pro Community Angel
Moderator
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Knight11 wrote:

Lol it will be with upto 100 cb😅.

SBI:https://cdn0.desidime.com/attachments/photos/800803/medium/Screenshot_20220829-031141_2.png?1662021874 
Deal Subedar Deal Subedar
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If it's what @deb3l expects, many card flips are coming soon...

BTW, @ashmail123957 Please link to the source...

Patron Patron
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You forgot upto before 5% 🤔
Deal Subedar Deal Subedar
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1000+ tax fee 

They will devalue in 5-6 months 

Mobile Guru Mobile Guru
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RunZone wrote:
FYI : https://www.sbicard.com/en/personal/credit-card...

Not bad for 999 renewal fee

Earn 5% Cashback up to 10,000 every month and 1% there after.
Cashback not applicable on Rent Payments, Wallet Loads, Fuel Spends, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.
Deal Cadet Deal Cadet
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Is this available on Sprint?

And is it possible to waive the renewal fee on any minimum spend?

The PostMighty The PostMighty
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Is there a limit to the Cashback that I can earn?

  • There is no limit to the amount of Card Cashback that you can earn. However, the accelerated Card Cashback i.e. 5% cashback is limited to Rs. 10,000 per billing statement month. Post that, you will continue to get base Card Cashback of 1% on eligible online and offline spends.

    For instance: If your statement generation date is 11th July, the transactions made from 12th June to 11th July will be considered under this statement cycle and all eligible online transactions during this period will accrue 5% Cashback up to maximum of Rs. 10,000. Within the same statement period, all transactions made after reaching the cashback limit of Rs. 10,000 will accrue 1% cashback till 11th July.

  • The PostMighty The PostMighty
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    Spiderguy252 wrote:

    Is this available on Sprint?

    And is it possible to waive the renewal fee on any minimum spend?

    Yes it is available on Sprint. 

    2 lakhs is the spends required to waive off minimum fees. 
    The PostMighty The PostMighty
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    Santhu4444 wrote:

    Is there a limit to the Cashback that I can earn?

  • There is no limit to the amount of Card Cashback that you can earn. However, the accelerated Card Cashback i.e. 5% cashback is limited to Rs. 10,000 per billing statement month. Post that, you will continue to get base Card Cashback of 1% on eligible online and offline spends.

    For instance: If your statement generation date is 11th July, the transactions made from 12th June to 11th July will be considered under this statement cycle and all eligible online transactions during this period will accrue 5% Cashback up to maximum of Rs. 10,000. Within the same statement period, all transactions made after reaching the cashback limit of Rs. 10,000 will accrue 1% cashback till 11th July.

  • Apply option available but reluctant to apply. Will wait for initial applications and their responses. 
    Deal Subedar Deal Subedar
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    Not valid on utility bills. 

    Pro Community Angel Pro Community Angel
    Moderator
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    insta wrote:
    You forgot upto before 5% 🤔
    Looks better for regular shoppers.


    https://cdn0.desidime.com/attachments/photos/800808/medium/Screenshot_20220901-143723_2.png?1662023383

    Annual fee can be reversed by 2L spends. @EkdamSastaRaju


    Deal Cadet Deal Cadet
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    Santhu4444 wrote:
    Yes it is available on Sprint. 

    2 lakhs is the spends required to waive off minimum fees. 
    Awesome - applying for it right away.
    Deal Cadet Deal Cadet
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    Apply for simplyclick or this one? pls suggest

    One More thing already applied simply click through yono after that i receive call and they proceed application on c2c basis so kyc agent will come to collect all documents so, i will tell them to change or on verification phone call?

    The PostMighty The PostMighty
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    Spiderguy252 wrote:
    Awesome - applying for it right away.
    Super. Waiting for your initial reviews. 
    Deal Cadet Deal Cadet
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    "5% is limited to 10,000"

    1. Cashback up to 10,000?

    or

    2. Spends up to 10,000? (would mean a monthly cashback of 500 only)

    Mobile Guru Mobile Guru
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    Spiderguy252 wrote:

    "5% is limited to 10,000"

    1. Cashback up to 10,000?

    or

    2. Spends up to 10,000? (would mean a monthly cashback of 500 only)

    2L Spends / 10k CB
    Deal Lieutenant Deal Lieutenant
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    DM for instant referral wink wink wink
    Deal Subedar Deal Subedar
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    Knight11 wrote:

    Lol it will be with upto 100 cb😅.

    There is no limit to the amount of Card Cashback that you can earn. However, the accelerated Card Cashback i.e. 5% cashback is limited to Rs. 10,000 per billing statement month. Post that, you will continue to get base Card Cashback of 1% on eligible online and offline spends.
    https://www.sbicard.com/en/faq/cashback-sbi-car...
    Deal Cadet Deal Cadet
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    Spiderguy252 wrote:

    "5% is limited to 10,000"

    1. Cashback up to 10,000?

    or

    2. Spends up to 10,000? (would mean a monthly cashback of 500 only)

    • Q 4. My cashback for current statement shows negative balance. What does it mean?
    • Your Cashback will be reversed in case of purchase cancellations, reversals and returns etc. The reversal amount for such transactions will be adjusted/debited in your monthly statement.

      For instance: An online transaction made on 10th June of Rs. 1,00,000 would be eligible for a Card Cashback of 5% i.e. Rs. 5,000, assuming the statement was generated on 11th June. In that case, the Card Cashback of Rs. 5000 will be posted to your account on 13th June.

      Suppose on 15th June, you returned the item. Then the cashback of Rs. 5000 will be reversed due to purchase return and the same will be adjusted/debited in your next monthly statement.

    Pro Community Angel Pro Community Angel
    Moderator
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    Spiderguy252 wrote:

    "5% is limited to 10,000"

    1. Cashback up to 10,000?

    or

    2. Spends up to 10,000? (would mean a monthly cashback of 500 only)

    10k limit is for 2L spends in a month. Additional spends shall earn 1% above that 10k. 
    Deal Subedar Deal Subedar
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    RunZone wrote:
    FYI : https://www.sbicard.com/en/personal/credit-card...

    Interesting, first year fee, so can take for one year at least. 

    I took Bob Eterna just few days back, now this seems a little better. Although BOB Eterna gives 3.75% even for wallet and rent payments.

    10K is limit for cashback or amount on which cashback would be credited?

    What all are utility payments considered? Snapay transactions shows as MOTO in axis and Utility in Onecard. Will that earn 1% or 5%?

    Deal Cadet Deal Cadet
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    looks like a very good card for online spending, hope they won't put any restrictions like if there are any ongoing SBI merchant offers then cashback won't be applicable for that merchant during that offer period 

    Deal Subedar Deal Subedar
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    If anyone has decided to flip from existing cards, let us know your experience and tag me...

    Deal Cadet Deal Cadet
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    • *Cashback not applicable on Rent Payments, Fuel Spends, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.

      Still I would say awesome card.. better than hdfc millenia/simplyclick/apay

      serial cc holders would say: Munh mein paani agaya 😉
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