How to earn cashback?
As per SBI Card press release, “Cashback SBI Card customer will earn unlimited 1% cashback on all spends, cashback will increase up to 5% on all online spends up to a maximum of INR 10,000 per monthly statement cycle. Its merchant agnostic nature ensures that Customers are not limited to making purchases with only a few merchants to avail the benefits.The cashback comes with the auto-credit of SBI Card cashback facility which allows automatic credit of the entitled cashback to the SBI Card account within two days of statement generation allows for. ”
What are the charges?
As per the press release, “The annual renewal fee of the card is Rs 999 plus applicable taxes. Cashback SBI Card users can enjoy renewal fee reversal on reaching the annual spending milestone of Rs 2 lakh during the card subscription year. Cashback is available on SBI Card Visa platform.
What are the features?
Cashback Benefits:
- 5% cashback on every* online spend (maximum Rs.10,000 per monthly statement cycle) without any merchant restrictions.
- Unlimited 1% cashback on all* expenses and utility bill payments.
- The cashback will be automatically credited to the respective SBI Card account within two days of the next statement generation.
Joining and Renewal Fees:
- The first year of card membership is free, under a special offer until March 2023.
- Reversing the annual fee of Rs.999 on achieving an annual expenditure of Rs. 2 lakh or more within a card subscription year.
Fuel Surcharge:
- 1% fuel surcharge waiver (valid for transactions amounting to Rs.500 to Rs.3,000 and maximum surcharge waiver amount of Rs.100 per billing statement month per credit card account).
Airport lounge access:
- 4 complimentary domestic airport lounge visits in a year (maximum 1 visit per quarter).