Does SBI offer a good cashback credit card with high rewards on online and offline spending?
If you’re into cashback instead of reward points, the SBI Cashback Credit Card is hands down one of the best. I personally love the fact that it gives 5% cashback on all online spends with no restrictions on specific merchants. That means whether you’re ordering from Amazon, Flipkart, or Swiggy, you’ll earn cashback on everything.
Offline purchases get 1% cashback, which is okay but nothing special. However, a big advantage is that the cashback is automatically credited, so you don’t have to go through the hassle of manually redeeming it.
One downside? The lounge access benefit was recently removed, so if you travel a lot, this might not be the best pick.
Absolutely, SBI offers a compelling cashback credit card—the SBI Cashback Credit Card—which I’ve found to be quite rewarding for online shoppers like myself.
Why I Like the SBI Cashback Card
5% Cashback on Online Spends: This is the standout feature. Whether it’s shopping on Amazon, booking travel tickets, or paying for streaming services, I earn 5% cashback on all online purchases without any merchant restrictions.
1% Cashback on Offline Purchases: For in-store purchases, I still earn a decent 1% cashback, which adds up over time.
Fuel Surcharge Waiver: I get a 1% fuel surcharge waiver at all petrol pumps across India, making it a practical choice for daily commuting.
Easy Cashback Redemption: The cashback is automatically credited to my account within two days of the next statement generation, which is hassle-free.
A Few Things to Keep in Mind
Monthly Cashback Cap: There’s a cap of ₹5,000 cashback per month, which means once I hit this limit, I no longer earn cashback for the rest of the month.
No Additional Discounts: Unlike some co-branded cards, this card doesn’t offer extra discounts during sales, which might be a consideration if that’s important to you.
Final Thoughts:
If you’re someone who shops frequently online and prefers straightforward cashback without the complexity of reward points, the SBI Cashback Credit Card is a solid choice. It’s especially beneficial for those who can maximize the 5% cashback category. However, if you’re looking for additional perks like exclusive discounts or higher cashback caps, you might want to explore other options.
For more detailed information and to apply, you can visit the official SBI Card website: