SBI Cashback Credit Card 101: A Comprehensive Review

SBI Cashback Credit cards online apply, Credit cards have become an integral part of our lives, offering the convenience of cashless transactions, reward points, and other benefits. If you are looking for a credit card that offers cashback on your everyday expenses, the Cashback Credit Card could be an ideal option for you. In this blog post, we will provide a comprehensive review of the SBI Cashback Credit Card, including its features, benefits, eligibility criteria, charges, and limitations.

Features of SBI Cashback Credit Card

The Cashback Credit Card comes with several features that make it an attractive option for those looking for a cashback credit card. Here are some of the key features of the card:

SBI Cashback Credit Card
SBI Cashback Credit Card

Welcome Benefit

As a welcome offer, SBI offers a cashback of Rs. 500 to new cardholders on spending Rs. 5,000 or more within the first 45 days of card issuance.

Cashback

The SBI Credit Card offers a flat cashback of 1.5% on all your purchases, with no upper limit. This means that you can earn cashback on all your expenses, including groceries, fuel, dining, and more.

Easy Bill Payment

You can use your SBI Credit Card to pay your utility bills, insurance premiums, and other bills through the Easy Bill Pay facility. This helps you save time and effort while earning cashback on your bill payments.

Fuel Surcharge Waiver

You can enjoy a fuel surcharge waiver of 1% on transactions of Rs. 500 to Rs. 4,000 at any petrol pump in India.

Flexipay

You can convert your high-value purchases into easy EMIs with the Flexipay facility, which allows you to pay back the amount in easy installments.

Balance Transfer

You can transfer your outstanding balance on other credit cards to your SBI Cashback Credit Card and enjoy lower interest rates.

Benefits of SBI Cashback Credit Card

Apart from the above features, the SBI Cashback Credit Card offers several benefits to its cardholders, such as:

Discounts

You can enjoy exclusive discounts on dining, shopping, and entertainment with your SBI Credit Card.

Easy Redemption

You can redeem your cashback earned on the SBI Credit Card against your outstanding balance or as a direct credit to your bank account.

Add-on Cards

You can get up to two add-on cards for your family members, with no annual fee.

Eligibility Criteria for SBI Cashback Credit Card

To be eligible for the SBI Credit Card, you need to meet the following criteria:

  1. You should be an Indian citizen or a non-resident Indian.
  2. You should be between 21 and 60 years of age.
  3. You should have a regular source of income.
  4. You should have a good credit score.
  5. You should have the required documents, such as PAN card, Aadhaar card, income proof, and address proof.

Charges and Limitations of SBI Cashback Credit Card

Here are the fees and charges associated with the SBI Cashback Credit Card:

  • Joining Fee: Rs. 500
  • Annual Fee: Rs. 500 (waived off if the annual spends exceed Rs. 1 lakh)
  • Finance Charges: Up to 3.35% per month
  • Late Payment Fee: Up to Rs. 950
  • Overlimit Fee: 2.5% of the overlimit amount (minimum Rs. 500)
  • Cash Advance Fee: 2.5

SBI Credit Card Cashback not received

If you have not received the cashback on your SBI Credit Card, you can check the following:

  1. Check if you have spent the required amount to be eligible for cashback.
  2. Check if you have made the purchases within the specified time period.
  3. Check if your transactions are eligible for cashback. Some transactions may be excluded from cashback offers.
  4. Check if you have redeemed the cashback. If you have redeemed the cashback, it will not reflect in your outstanding balance.

If you have checked all of the above and still have not received the cashback, you can contact SBI customer care for assistance.

SBI Cashback Credit Card Review

The SBI Cashback Credit Card has received positive reviews from its customers for its cashback offers, easy bill payment, and other benefits. Customers appreciate the ease of earning and redeeming cashback on their everyday expenses.

However, some customers have reported issues with the joining fee and annual fee. Some customers have also reported delays in cashback credit and difficulty in reaching customer care for assistance.

Overall, the SBI Credit Card is a great option for those who want to earn cashback on their everyday expenses while enjoying other benefits and discounts.

SBI Cashback Credit Card Terms and Conditions

Before applying for the SBI Cashback Credit Card, it’s important to read and understand the terms and conditions associated with the card. Some of the key terms and conditions are:

  1. The cashback earned on the SBI Credit Card will be credited to the cardholder’s account within 90 days of the end of the calendar month in which the transaction was made.
  2. The cashback earned can be redeemed against the outstanding balance or as a direct credit to the cardholder’s bank account.
  3. The cardholder can convert their high-value purchases into easy EMIs with the Flexipay facility. The EMI amount will be added to the cardholder’s outstanding balance.
  4. The cardholder can transfer their outstanding balance on other credit cards to their Cashback Credit Card and enjoy lower interest rates.

SBI Cashback Credit Card Lounge Access

The SBI Cashback Credit Card does not offer lounge access as a benefit. However, SBI offers other credit cards that come with lounge access as a benefit, such as the SBI Elite Credit Card and the SBI SimplyCLICK Credit Card.

SBI Cashback Credit Card Apply

You can apply for the SBI Cashback Credit Card online by visiting the SBI Card website or by visiting any SBI branch. You will need to fill out an application form and submit the required documents, such as PAN card, Aadhaar card, income proof, and address proof. The application will be processed within a few days, and if approved, the card will be sent to your registered address.

Leave a Comment