What it gets right
- Online cashback at 5%.
- Offline cashback at 1%.
- Caps are clear - ₹2,000 online and ₹2,000 offline.
- Max cashback ₹4,000 per statement cycle.
- Annual fee waiver at ₹2,00,000 spend in the previous year.
Cashback structure
| Metric | Metric | Value |
|---|---|---|
| Online rate | Rate | 5% |
| Online cap/ | Cap | ₹2,000 |
| Offline rate | Rate | 1% |
| Offline cap/ | Cap | ₹2,000 |
| Max cashback/ | Max | ₹4,000 |
You can’t earn beyond ₹4,000 a cycle, however you split spends.
Fees and charges
| Fee | Type | Value |
|---|---|---|
| Joining fee | Fee | ₹999 + GST |
| Renewal fee | Fee | ₹999 + GST |
| Forex markup | Markup | 3.5% + GST |
| Interest | Monthly | 3.75%/mo |
| Cash advance | Fee | 2.5% or ₹500 |
| Fuel waiver (₹500-₹3,000) | Waiver | 1%; cap ₹100 |
High if you carry balance or spend abroad. Treat it as a domestic cashback card.
No cashback on these
The catch
- Wallet
- Rental
- Fuel
- Utilities
- Insurance Services
- School and Educational Services
- Railways
- Government Related Transactions
These transactions don’t earn cashback per issuer list.
The verdict
Good news if most of your spend is online.
Value is strong till the caps: ₹2,000 online and ₹4,000 total per cycle.
Make it work if you can reach ₹2,00,000 a year to waive the fee.
Skip it for fuel, rent, utilities and other excluded spends.
In full
Thinking about the Cashback SBI Credit Card for cashback on both online and offline spends? Here’s what you actually get
5% on online spends capped at ₹2,000 cashback per statement cycle. 1% on offline spends capped at ₹2,000 per cycle. Maximum cashback in a statement cycle is ₹4,000. Cashback gets auto- credited to your SBI Credit Card Account within 2 working days of the next statement generation.
Example that matches the caps: spend ₹50,000 online in one cycle → 5% is ₹2,500, but you get ₹2,000 due to the online cap. After that, online cashback stops for the cycle.
Where it doesn’t earn: Jewelry, Rental, Wallet, Fuel, School and Educational Services, Insurance Services, Utilities, Railways, Card, Gift, Novelty & Souvenir Shops, Quasi Cash, Member Financial Institution, Digital Gaming Platforms/Merchants, Tolls, Government Related Transactions.
Fees and charges to know: joining ₹999 + GST. Renewal ₹999 + GST, waived on ₹2,00,000 spend in the previous year. Forex markup 3.5% + GST. Interest 3.75% per month (45% per annum). Cash advance fee 2.5% with a minimum of ₹500. Fuel surcharge waiver 1% on ₹500-₹3,000 transactions, capped at ₹100 per statement.
Who this suits: you spend mostly online, stay within the caps, and can reach the ₹2,00,000 waiver. If you need rewards on fuel, rent or utilities, this is not it.