CASHBACK SBI Card
Verified Official Data • Last updated 2026-07
Net Value Calculator
Drag sliders to estimate this card's annual value based on your actual spending habits.
Cashback mode values points as statement credit. Travel / airmiles mode uses the card's travel redemption value, so it only changes points cards; cashback cards stay the same.
Your monthly spend
₹50,000/moE-Commerce & Online
Daily Essentials
Most cards earn ₹0 rewards on fuel (surcharge waiver only).
Frequently excluded from rewards in India.
Lifestyle, Bills & Other
Almost always earns ₹0 and may carry a fee.
Often excluded or capped.
CASHBACK SBI Card
Fee waived at your spend
Savings & Milestones Tracker
1.61%
Value Yield (Net / Spent)
₹9,660
Annual Net Value
All ₹ values exclude GST. Perks like lounge access are shown separately and not added into net value. Rewards use your selected redemption mode (cashback / statement credit).
Key Specifications
₹999
₹999
₹200000
3.5%
Rewards Structure
Earn rates and reward configurations verified for 2026.
Applies to all non-excluded offline/misc categories
Category Earn Rates
5% cashback on all online spends, no merchant restriction
Also excludes: Wallets, Education, Jewellery, Railways, and more. See official T&C for complete MCC list.
Lounge Access
Additional Perks
Redemption & Expiry
Exclusion Honesty: This data has been verified against official bank publications. We include exclusions and point valuation friction factors to render honest net metrics in our calculations.
Official Specification Sheet
Comprehensive rules, fees, and parameters verified directly against issuer details.
| Feature | CASHBACK SBI CardSBI Card |
|---|---|
| Joining fee | ₹999 |
| Annual fee | ₹999/yr |
| Fee waiver | Spend ₹2,00,000/yr |
| Base reward | 1% cashback |
| Top reward categories | 5% online |
| Redemption friction | Auto credit |
| Point expiry | Never expire |
| Lounge access | None |
| Forex markup | 3.5% |
| Fuel surcharge | 1% waiver, up to ₹100/mo |
| Min income · salaried | Not stated |
| Min income · self-employed | Not stated |
| Eligibility (as stated) | Not stated |
| Recent devaluations | None recorded |
| Verified against |
Detailed CASHBACK SBI Card Credit Card Review & Spends Guide (2026)
The CASHBACK SBI Card by SBI Card is a prominent credit card in the Indian market, categorized under the entry tier. Offering a base rewards engine of 1% cashback, this card targets users looking to optimize their personal finances.
When evaluating the real-world value of the CASHBACK SBI Card, it's essential to look beyond the joining fee of ₹999 and annual fee of ₹999. With our real-time calculator above, you can map out your monthly category spends (online shopping, dining, travel, utilities, groceries, etc.) to see if you can trigger the spend-based annual fee waiver of ₹200000, which determines your true Net Annual Value (NTV).
Rewards Potential & Category Multipliers
For accelerated spenders, the CASHBACK SBI Card features key reward multipliers:
- 5% on online spends (uncapped).
- Exclusions: No rewards are earned on fuel, utilities, insurance, rent categories.
Lounge Access & Extra Perks
Perks add immense value that calculations often leave out. The CASHBACK SBI Card offers:
- Domestic Lounges: No domestic lounge visits available.
- International Lounges: No international lounge visits available.
Points Redemption and Point Expiry
Earning points is only half the battle. Redemptions are subject to a friction index of 1/5 (representing Auto statement credit (1/5 friction)). Note: Cashback auto-credited to SBI Card account within 2 working days of next statement generation. Points are valid for a lifetime (no expiry).