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A sleek and modern design for an SBI Cashback Card. The card is blue with a gradient effect, featuring the SBI logo in the top left corner. It includes the cardholder's name, card number, and an EMV chip. The text 'Cashback Card' is displayed clearly on the front, along with subtle graphic elements indicating rewards or benefits. The card has a professional and attractive look.
14-06-2024

SBI Cashback Card: Unlocking Exclusive Benefits and Rewards in 2024

Are you tired of juggling multiple cards for different benefits? The SBI Cashback Card is here to simplify your life. Offering unmatched perks like cashback on purchases, free airport lounge access, and much more, it’s a card designed for the savvy spender. In this article, we’ll dive into the features, benefits, fees, and application process of the SBI Cashback Card, ensuring you have all the information you need to make an informed decision.

Table of Contents

Sr# Headings
1 Introduction
2 Features of SBI Cashback Card
3 Benefits of SBI Cashback Card
4 Detailed Breakdown of Cashback Offers
5 Airport Lounge Access
6 Fuel Surcharge Waiver
7 Global Acceptance and Easy Bill Pay
8 Fee Structure
9 Additional Charges
10 How the SBI Cashback Card Works
11 Applying for the SBI Cashback Card
12 Eligibility Criteria
13 Terms and Conditions
14 Conclusion
15 FAQs

Introduction

The SBI Cashback Card is your gateway to an array of benefits designed to enhance your spending experience. Whether you’re shopping online, filling up your tank, or traveling across the country, this card offers perks that cater to various lifestyle needs. Let’s explore what makes the SBI Cashback Card a must-have in your wallet.

Features of SBI Cashback Card

The SBI Cashback Card stands out with its remarkable features tailored to provide maximum convenience and rewards:

  • 5% cashback on online purchases
  • 1% cashback on offline purchases
  • Four free domestic airport lounge visits annually
  • 1% fuel surcharge waiver at petrol pumps
  • Accepted in over 24 million outlets worldwide
  • ‘Easy Bill Pay’ feature for hassle-free utility bill payments

Benefits of SBI Cashback Card

Detailed Breakdown of Cashback Offers

Imagine getting rewarded every time you shop online. With the SBI Cashback Card, you earn 5% cashback on all your online purchases. Whether it’s buying groceries, booking flights, or shopping for the latest gadgets, this card ensures you save while you spend.

For your everyday offline purchases, the card offers a 1% cashback. While it might seem modest, these savings accumulate over time, providing substantial relief on your overall expenses.

Airport Lounge Access

Frequent travelers will love the benefit of four free domestic airport lounge visits annually. This feature offers a peaceful and comfortable space to relax or work while waiting for your flight, making your travel experience much more pleasant.

Fuel Surcharge Waiver

Driving just got cheaper with the 1% fuel surcharge waiver at petrol pumps. Given the rising fuel prices, this waiver can lead to significant savings over time, making your daily commute or long drives more economical.

Global Acceptance and Easy Bill Pay

The SBI Cashback Card is accepted at over 24 million outlets worldwide. Whether you’re shopping locally or traveling internationally, you can use your card with ease.

Additionally, the ‘Easy Bill Pay’ feature allows you to pay your utility bills conveniently. This ensures that you never miss a payment and can manage your finances more efficiently.

Fee Structure

Understanding the fee structure of the SBI Cashback Card is crucial to maximizing its benefits without incurring unnecessary costs. Here’s a detailed breakdown:

  • Joining Fee: Rs.999
  • Renewal Fee: Rs.999 (Waived with Rs.2 lakh annual spend)
  • Cash Advance Fee: 2.5% or Rs.500
  • Finance Charges: 3.50% per month (42% p.a.)
  • Late Payment Fee: Varies based on the outstanding amount

Additional Charges

In addition to the primary fees, the card includes some additional charges that users should be aware of:

  • Overlimit Fee: 2.5% or Rs.600
  • Payment Dishonor Fee: 2% of payment amount (min Rs.500)
  • Rewards Redemption Fee: Rs.99
  • Cheque Payment Fee: Rs.100
  • Card Replacement Fee: Rs.100 to Rs.250
  • Foreign Currency Transaction Fee: 3.5% (1.99% for Aurum and Elite)

How the SBI Cashback Card Works

Applying for and using the SBI Cashback Card is straightforward. Here’s how it works:

Applying for the SBI Cashback Card

  1. Visit the Credit Cards Page: Go to the SBI credit cards page and select the ‘Cashback SBI Card’.
  2. Click Apply Now: Fill in the online application form with the required details.
  3. Submit the Form: Once submitted, the SBI Card team will review your application.
  4. Verification: Upon approval, you will be contacted for verification.
  5. Receive Your Card: After successful verification, you will receive your SBI Cashback Card.

Eligibility Criteria

To be eligible for the SBI Cashback Card, you must meet the following criteria:

  • Age: 21 to 70 years
  • Employment: Salaried or self-employed professional
  • Credit Score: Good credit score
  • Income: Regular source of income

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Terms & Conditions

It’s essential to be aware of the terms and conditions associated with the SBI Cashback Card:

  • 5% cashback on online purchases, 1% on offline purchases.
  • Four free domestic airport lounge visits annually.
  • 1% fuel surcharge waiver at petrol pumps.

Keep track of your earnings and redemption rates as they are subject to change without prior notification. Always stay updated with the latest terms and conditions.

Conclusion

The SBI Cashback Card is more than just a credit card; it’s a tool that enhances your spending power with its lucrative cashback offers, travel perks, and convenient features. By understanding its benefits, fee structure, and application process, you can make the most out of this card and enjoy a rewarding financial experience.

FAQs

1. What is the joining fee for the SBI Cashback Card?

The joining fee for the SBI Cashback Card is Rs.999.

2. How can I apply for the SBI Cashback Card?

You can apply for the SBI Cashback Card by visiting the SBI credit cards page, selecting the ‘Cashback SBI Card,’ filling out the online application form, and submitting it. The SBI Card team will contact you for verification upon approval.

3. What cashback benefits does the SBI Cashback Card offer?

The SBI Cashback Card offers 5% cashback on online purchases and 1% cashback on offline purchases.

4. Are there any annual charges for the SBI Cashback Card?

Yes, there is a renewal fee of Rs.999, which is waived if your annual spend exceeds Rs.2 lakh.

5. What is the fuel surcharge waiver provided by the SBI Cashback Card?

The SBI Cashback Card provides a 1% fuel surcharge waiver at petrol pumps, helping you save on fuel expenses.

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