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SBI Cashback Credit Card Review

SBI Cashback Credit Card Review - askbanking cards

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.

4 Total Score
Average

This new Cashback credit card by SBI is not having anything special for renewal fees of Rs 999. This Credit Card is good with lower fees as now a days other banks are offering the lounge access and 1% cashback without any Fees.

3Expert Score
Fees & Charges
2
Rewards & Benefits
3
Lounge Access
4
5User's score
Fees & Charges
1
Rewards & Benefits
6
Lounge Access
8
PROS
  • 5% FLAT CASHBACK on Online Spend
  • 4 Lounge Access
  • 1% Fuel Surcharge Waiver
  • Free First Year
CONS
  • Higher Renewal Fees
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