SBI Cashback credit card Review, Features, Benefits 2022

SBI Cashback credit card is on trending since it was launched. The promotional video of the SBI Cashback card went viral on the Internet.

It has been a long time since we see the launch of a powerful cashback credit card. Some credit cards in the market offer huge cashback on online spending. HDFC Millenia, Amazon Pay ICICI card, Flipkart Axis, HSBC Cashback card, HDFC Moneyback card and BOB Eterna are some popular credit cards which offer huge cashback on online shopping, These credit cards have a reasonable reward rate on online spending.

Now SBI has joined the race and it may overtake every card very soon, SBI has launched the Cashback SBI credit card which is offering a flat 5% cashback on your online spending without any merchant restriction. Now you can earn a flat 5% cashback on your online orders from Amazon, Myntra, Flipkart, Swiggy, Zomato, Ajio etc. And flat 1% cashback on offline spending and online recharge & bill payments.

SBI Cashback credit card will replace Amazon Pay ICICI card and Flipkart Axis card. To earn 5% cashback with an Amazon Pay ICICI card on Amazon orders you have to be an Amazon Prime member. But with SBI Cashback card you will get 5% cash back on every order on Amazon without prime membership.

Amazon Pay ICICI card is not applicable on Flipkart sale days and Flipkart Axis card is not applicable on Amazon during sale days, But with a Cashback SBI credit card, you will get a discount on Amazon & Flipkart. Additionally, you will get 5% cashback which is a basic feature of this card.

In this article, I will review the newly launched SBI Cashback credit card. After reading this blog post you will get to know how powerful this SBI Cashback credit card is to hunt huge cashback on online spending.

SBI Cashback Credit Card Fees & Charges

Joining feeNIL (First year free)
Annual feeRs. 999+ GST
Add on cardFREE (up to 3 cards)
Card replacement feeNIL
Annual fee waiverSpend Rs. 2 lakh in a membership year to waive off the annual fee

To waive off the annual fee you have to spend at least Rs 2 lakh per membership year, which is a little bit on the upper side but can be achieved if your card has a good credit limit. My card has an Rs. 20000 credit limit, so it is quite impossible for me to spend Rs. 2 lakh in a membership year. The annual fee of Rs. 999 is reasonable considering the amazing cashback offers. You will earn huge cashback on your online spending with this Cashback SBI credit card.

Now move to the interesting part of this credit card- the cashback.

Cashback Rates

Purchase typeCashback
Online merchant spending5%
Offline spend1%
Recharge & Utility Bill Payment1%
Fuel1% Fuel Surcharge Waiver across all petrol pumps
Wallet load, Rent paymentNo cashback

SBI Cashback credit card has a very simple reward structure without too many terms & conditions. The 5% cashback on your online spending is a big reward, You will get 1% cash back on offline spending and utility bill payments. the SBI Cashback card will take the market share like a hunter.

The 5% cashback has a capping limit of Rs.10000 per statement cycle, But I don’t think many will hit this upper limit as it needs to spend more than 2 lakh rupees per statement cycle.

Unfortunately, rent payment and wallet loads are excluded from cashback, You know these are often misused by some users, Although many uses this trick to withdraw credit card money for free.

Also Read: 9 Best Credit Card For Rent Payment & Get Rewards

But EMI transactions are also excluded from cashback. If you order from Amazon Flipkart and choose EMI as the payment method or convert your payment to EMI then you will not get any cashback. Many other credit cards also do not offer any rewards on EMI transactions.

How To Redeem Cashback

The cashback redemption process of the SBI Cashback credit card is very easy and simple. You have to do nothing, The earned cashback will be automatically credited to the statement every month. And there is no redemption fee. The cashback will be adjusted from the next billing statement.

For example, if you earn Rs. 500 cashback for January month and your bill generation date is 3. On 3rd February bill will be generated for the month of January, After 2 days cashback will get credited to your account. On March 3 when February month bill will be generated Rs. 500 will be adjusted.

Pros & Cons


  • 5% Cashback on online merchant spending
  • The monthly 5% cashback capping limit is at Rs. 10000 which is quite generous.
  • Complimentary lounge access
  • A great choice for high spending on online merchants as other cashback cards have lower reward capping limits.


  • 1% cashback on utility bill is too low
  • Need to spend Rs. 2 lakh for an annual fee waiver, it may be difficult for some users.
  • High annual fee (999+GST)
  • No Milestone reward

Complimentary Airport Lounge Access

You will get one complimentary domestic airport lounge access per quarter. Here you can check the list of eligible lounges.

Also Read: Best Credit Cards for Online Shopping in India 2022

Joining Benefit of SBI Cashback card

You will get Rs. 500 vouchers only if you apply Cashback SBI card through anyone’s invite link. If you directly visit SBI card website and apply then you will not get any vouchers.

And there is no joining fee for the SBI Cashback credit card.

Apply & Get Rs.500 voucher

Here I am sharing my invite link for SBI Cashback card, if you apply through my invite link you will get RS. 500 vouchers, Also I will receive a voucher of Rs. 500.

How To Apply

Simply visit SBI card website or click on the Apply now button below. Then enter your details like income, Name, Address etc.

Then you may have to complete your KYC video call or an AADHAAR e-KYC or SBI card agent may visit you for a physical KYC.

If you have good credit history then you may get this cashback SBI credit card instantly without video KYC or physical KYC.

Cashback SBI credit card apply page

Final Thoughts

In this article, I have tried my best to share each & every information of SBI Cashback credit card.

This card is suitable for online shopping lovers. You will get 5% cashback on all online orders, But there is only 1% cashback on recharge & bill payments which is not up to the mark. Although you will not get any cashback for EMI transactions.

The combination of the SBI Cashback credit card and Axis bank ACE credit card is the best weapon for cashback hunting. You may know that Axis bank ACE credit card offers a flat 5% cashback on Recharge & Bill payments.

I would definitely recommend you to get an SBI Cashback credit card if you shop online from Amazon, Flipkart, Myntra, Swiggy and Zomato etc.

If you apply for a Cashback SBI card through an invite link then you will get Rs. 500 vouchers. Here I have shared my invite link, you can click on it to apply to Cashback SBI credit card to get RS. 500 vouchers as a joining bonus.

I hope this SBI Cashback credit card review is helpful for you. Kindly share this blog post with others on your social media.


Will I get 10% discount on Amazon, Flipkart during festive seasons with SBI Cashback card

Yes, definitely you will get 10% discount on Amazon, Flipkart during festive seasons, Additionally you will get 5% cashback as usual.

Will I get Amazon vouchers on SBI Cashback card approval

If you apply for Cashback SBI credit card directly then you will not get any vouchers, But if you apply through anyone’s invite link then you will get Rs. 500 vouchers. I have shared my invite link here, if you apply through this link you will get 500 rupees vouchers.

Will I get cashback on SBI Cashback card for purchasing gift vouchers

If you purchase gift cards from Amazon then you will get 5% cashback. when you buy gift vouchers from other websites it may comes under bill payment, in that scenario you will receive only 1% cashback.

Can I increase my Cashback SBI credit card limit

After using 6 month you can request for a credit limit upgradation.

3 thoughts on “SBI Cashback credit card Review, Features, Benefits 2022”

  1. How To waive off annual fees without spending, any trick?

    Wallet load,EMI and rent payment is considered for 2lakh annual spend or not?

  2. I think this blog is a great website and I have found it to be extremely beneficial. Continue doing excellent work.

    Best Credit Cards for Online Shopping, in an era where online shopping has become an integral part of our lives, the choice of the right credit card can significantly enhance the experience.

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