Author: Rupanshi Thapa
After using Axis Ace for almost a year, I came across Cashback SBI Card with 5% cashback on all online spends without any merchant restriction. As I make most of the purchases online, irrespective of the brand/platform, this card seemed like a good option for me. I decided to get my SBI SimplyCLICK credit card upgraded to Cashback SBI Card. Here is my hands-on experience with Cashback SBI Card to help you decide whether you should also get it.
Note: This Card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit SBI Card’s website.
Cashback SBI Card Rating |
Cashback ★★★★ Annual Fee ★★★★ Other Benefits ★★★★ |
Overall Rating ★★★★ |
SBI Card has recently revised some of the benefits offered by Cashback SBI Card. Earlier, I was saving up to Rs. 10,000 monthly through cashback, whereas, now I can get a monthly cashback of up to Rs. 5,000. However, I still think that even after the recent devaluation, Cashback SBI Card would be the best cashback card for me if I frequently shop online. To know the reason behind this, click here.
Video: Quick Review of Cashback SBI Card
Note: Details mentioned in the video have been sourced from the issuer’s website as of September 2024. For updated information, refer to this page.
Cashback without Merchant Restrictions
The Cashback SBI Card offers 5% cashback across all online transactions, irrespective of the merchant or platform you shop at. But why is this promoted as a great feature?
Most cashback credit cards in the market either are co-branded or offer extra earnings only on select categories.
Let’s take Axis Ace Credit Card for example. I mostly use the card to pay electricity and internet bills via Google Pay and I order from Swiggy a few times in a month. On bill payments, I earn 5% cashback and on Swiggy, I get 4% cashback. I also put other frequent online and offline purchases on this card, as it gives me the highest value back of 2%.
On the other hand, Cashback SBI Card gives me 5% cashback across all online transactions regardless of whether I spend on dining with Zomato, Swiggy or any other online platform, shop at any online platform, book cabs, flights, hotels- the list is endless. Practically any online spend that I make will give me 5% cashback. No other card in the market is offering such a high rate of cashback across such a wide range of transactions.
29 Comments
Nicely written article, thanks
Very nice ❤️
What will b Cashback if I spent 1000 rs on Zomato
If you have paid the Zomato bill online using your Cashback SBI Card, then the cashback will be 5% of the billed amount, that is, Rs. 50. This cashback is only applicable if you have not reached the maximum limit of monthly cashback accrual of Rs. 5,000.
is the cashback credited to bank account directly or credited to card and adjusted in next bill ?
The cashback is credited into your credit card and is adjusted in the next bill.
If i pay my insurance policy premium online, should I earn 5% cashback on cashback SBI credit card?
No. Insurance premium payments will not earn any cashback as they come under ‘excluded categories’.