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Cashback SBI Credit Card: A Comprehensive Guide

The Cashback SBI Credit Card, offered by the State Bank of India (SBI) in collaboration with SBI Card, is a popular choice for customers seeking financial rewards on their everyday spending. Designed to cater to diverse spending habits, this card ensures that users receive value for every rupee spent. Here’s an in-depth look at the features, benefits, fees, and eligibility criteria for the Cashback SBI Credit Card.

Key Features and Benefits

  1. Unlimited Cashback on Purchases
    • Earn 5% cashback on all online transactions, ensuring significant savings for online shoppers.
    • Enjoy 1% cashback on offline and utility bill payments, covering expenses such as groceries and electricity bills.
  2. Welcome Benefits
    • Receive an instant cashback or reward points upon joining (subject to terms and conditions).
  3. Contactless Payments
    • With its contactless payment feature, cardholders can make secure and quick payments at NFC-enabled terminals by simply tapping their card.
  4. EMI Options
    • Convert large purchases into manageable EMI (Equated Monthly Installments) directly through the card.
    • Enjoy flexible repayment tenures at competitive interest rates.
  5. Global Acceptance
    • The Cashback SBI Credit Card is accepted at millions of merchant outlets worldwide, making it suitable for domestic and international use.
  6. Fuel Surcharge Waiver
    • Avail of a 1% waiver on fuel surcharge at petrol stations across India, subject to monthly caps.
  7. Zero Liability on Lost Card
    • Report card loss immediately to ensure zero liability for unauthorized transactions.
  8. Digital Convenience
    • Manage your card through the SBI Card Mobile App, where you can track expenses, pay bills, and redeem cashback with ease.

Fee Structure

  • Joining Fee: INR 999 (plus applicable taxes)
  • Annual Renewal Fee: INR 999 (waived off on spending a certain amount annually, as per the terms)
  • Finance Charges: Interest rates range between 3.5% to 3.75% per month (42% to 45% annually).

Eligibility Criteria

To apply for the Cashback SBI Credit Card, you need to meet the following requirements:

  1. Age Limit:
    • Primary cardholder: 21 to 65 years
    • Add-on cardholder: Minimum age of 18 years
  2. Income Requirements:
    • A stable monthly income is essential, with specific thresholds varying based on location and employment type.
  3. Credit Score:
    • A good credit score (typically 750 or above) improves the chances of approval.
  4. Residential Status:
    • Available for both salaried and self-employed Indian residents.

How to Apply

Applying for the Cashback SBI Credit Card is a seamless process:

  1. Visit the SBI Card website or download the SBI Card App.
  2. Fill out the online application form and upload the required documents, including proof of identity, address, and income.
  3. Await verification and approval. Upon approval, the card will be dispatched to your registered address.

Documents Required

  1. Proof of Identity: Aadhaar card, PAN card, or passport
  2. Proof of Address: Utility bills, Aadhaar card, or voter ID
  3. Proof of Income:
    • Salaried individuals: Latest salary slips or Form 16
    • Self-employed individuals: Income tax returns or business financials

Why Choose the Cashback SBI Credit Card?

The Cashback SBI Credit Card stands out as an ideal choice for individuals looking for consistent cashback rewards on both online and offline spending. Its comprehensive features, global acceptance, and competitive fee structure make it a valuable financial tool for everyday use.

Whether you’re shopping online, dining out, or paying utility bills, this card ensures that your spending translates into real savings. With the added security of zero liability on lost cards and the convenience of digital management, the Cashback SBI Credit Card combines utility, security, and rewards seamlessly.

Conclusion

The Cashback SBI Credit Card offers a range of benefits tailored for modern consumers. With cashback on online and offline transactions, competitive fees, and a host of additional features, it’s an excellent choice for anyone seeking a rewarding and secure credit card experience. Ensure that you read the terms and conditions and use the card responsibly to maximize its benefits.

Disclaimer: The benefits and features mentioned are subject to change. Refer to the official SBI Card website for the latest updates.

Harshvardhan Mishra

Harshvardhan Mishra is a tech expert with a B.Tech in IT and a PG Diploma in IoT from CDAC. With 6+ years of Industrial experience, he runs HVM Smart Solutions, offering IT, IoT, and financial services. A passionate UPSC aspirant and researcher, he has deep knowledge of finance, economics, geopolitics, history, and Indian culture. With 11+ years of blogging experience, he creates insightful content on BharatArticles.com, blending tech, history, and culture to inform and empower readers.

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