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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

2871 Comments  |  
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Finance Mentor Finance Mentor
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@SuperKnight @balugudidiot Year calculated from issue date. The statement shows milestone spends info.

Deal Subedar Deal Subedar
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getting following error: SBI Card credentials as entered by you are incorrect.

Deal Subedar Deal Subedar
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Buying amazon gift cards, will that give 5% cb?

Deal Subedar Deal Subedar
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It should .... but i dont know 
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Beacon Beacon
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What is sprint?
Critic Critic
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Name of the new sbi credit card portal for applying new credit card.
Beacon Beacon
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Sorry! You cannot avail this service at the moment. Please try again later or call the SBI Card helpline at 39 02 02 02 (prefix the STD code of your city). Any idea on this error?
Deal Cadet Deal Cadet
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My civil is 767. After getting my first card around 1.5 Yr  back, I now have like 9 cards. 

Anyone tried converting their existing SBI card? If we convert, CIBIL gets hit? 

Benevolent Benevolent
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same question
Finance Mentor Finance Mentor
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If anyone is able to successfully flip to this card by calling CC, please tag me. web/app offers no upgrade option currently to this card.

Deal Hunter Deal Hunter
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Anyone tried applying using yono app? Something went wrong during application.. I'm not able to apply again and existing applications status says the same error.. Something went wrong please try after sometime 

Finance Mentor Finance Mentor
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OK, some UPDATE regarding Card Flip:

I have a SimplyClick CC issued last week of July. Tried the SPRINT application process (selected CashBack card) but on entering details on first page, it is reverting to my old application and shows "generating virtual card" page referring to my old application number. So, I'm stuck till the system clears me out of the old application.

Called up CC to enquire about a card flip to CashBack card, the lady checked details and said that flip or upgrade options are currently not available for my account. I need to have 6 statements generated (6 months old card) to avail the flip/upgrade facility - even the online application may not be allowing due to that. I may apply through a fresh application through offline/agent if I do not want to wait.

Deal Lieutenant Deal Lieutenant
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Offline Not Available Now

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Helpful Helpful
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Need to upload income documents in sbi sprint? 

Helpful Helpful
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Biometric / KYC completed. He was emphatic that I'd get the card in 7 days. Let's see.
Deal Cadet Deal Cadet
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Did you receive call for offline verification?

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Deal Subedar Deal Subedar
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UPDATE: Agent came ... Biometric / KYC completed.

Hunk Hunk
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Have you uploaded documents while applying?
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Crusader Crusader
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Applied on 1st , till now no call from SBI for kyc , application status showing under process
Deal Newbie Deal Newbie
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Do you already hold sbi card

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Deal Subedar Deal Subedar
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yes have gone through it .... 

but one thing not clear ... 

If an upfront discount is availed during a promotion by SBI CARD ... will it be eligible for CASHBACK or not ... That's the added advantage of AXIS cards... they give cashback even on discounted transactions .... 

Just like they have stopped for "SimplyClick" 


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Deal Cadet Deal Cadet
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Applied but at documents upload page got something went wrong error. What to do?

Hunk Hunk
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Got call from executive and she said cashback card is not in market and they r not issuing and ask me other varient to choose. I said my friend got virtual card so they issuing that. But she insisted that ur friend may get different varient card after biometric update. Anyone received this type of call? 

Spoke with CC they also said it is not in market yet. After 15 or 16th they will launch it. 

Finance Mentor Finance Mentor
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Try applying from SBI Sprint
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Finance Mentor Finance Mentor
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@pvprasad Looks like they have run out of plastic in 2-3 days!

Deal Cadet Deal Cadet
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This card has the capability to boot out most of the so called premium and super premium cards and almost all entry level cards out of the market if the benefits continue. Even their own simply click card gives a maximum of 2.5% rewards with 10x partners. HDFC after its super devaluation of smartbuy program doesn't stands a chance specially if it is held on paid basis. With 80% spends online these days, this card offers incredible value. All those 5% on minimum 5k spend or 5% in birthday or similar offers have no meaning in front of this card. Customers like me who has taken simply click card recently look like fools now.
Critic Critic
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And that is why this card will be devalued most likely within a year as sbi credit card simply can't afford giving such benefits for long. Nobody should close their axis flipkart or amazonpay card for this.

@avijeet

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Deal Cadet Deal Cadet
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Video kyc done instead of physical kyc, only pan shown to the executive
Critic Critic
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Did you ever gave your aadhaar/did aadhaar biometric in the past for any sbi credit card application/process? It seems even aadhaar biometric kyc is user specific.
@getready
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Deal Cadet Deal Cadet
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Yes, closing LTF or low annual fees card is not a good move. But those cards will now be under pressure to increase reward rates DCB, LTF to many & 10k fees for others. Lost its value of late, so keep it only if it is LTF. IDFC first Bank cards, good only for lounge access, waste card otherwise. Zomato edition card, absolutely meaningless now, specially after recent devaluation. One card, LTF but hardly any offers now. After launch of sbi cash back, it becomes a must have card. It can be supplemented with FK axis, ICICI Apay, and one HDFC card and you're mostly set.
Deal Cadet Deal Cadet
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will it give cb for insurance payments? My card verification done and the executive was telling it is approved with 2L 10k limit.
Critic Critic
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Only time will tell & even if it does in the beginning I expect sbi card to stop it after few months.
Deal Cadet Deal Cadet
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I already hv simply click card

I am self employ I dont hv itr returns 

Sprint is best r I can apply through digilocker pls suggest me

Deal Newbie Deal Newbie
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I mistakenly entered residential address in professional address while applying the card as salaried person. Card got approved. Will it create any issues?
Deal Lieutenant Deal Lieutenant
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You had any previous SBI card?
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Deal Cadet Deal Cadet
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In the sprint my pincode not available 

How I can apply?

Pls tel me

Deal Cadet Deal Cadet
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+1
Deal Cadet Deal Cadet
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i got the following message after completing the details 

"Something went wrong"

Post Tycoon Post Tycoon
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Is that 5% upto 10000 or for maximum spends of 10000 for statement billing
Deal's Advocate Deal's Advocate
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Vu
Deal Cadet Deal Cadet
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Any upgrade for existing sbi card user.i think it will take time
Deal Newbie Deal Newbie
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I have done my vkyc and after that call from sbi for verifying my details and after that I got a link from nesl for digital/e signed the application
Hunk Hunk
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Ur location and card variant?
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Deal Subedar Deal Subedar
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is there any option on sprint that asks for old card details?

Deal Cadet Deal Cadet
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Yes. It has.
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