SBI CASHBACK Card Launch – Check Features, Benefits, Renewal Fees

SBI Card has announced the launch of “CASHBACK SBI Card”, the first of its kind and the most comprehensive Cashback credit card in India.

The company claims that CASHBACK SBI Card is the industry’s first cashback-focused credit card that allows cardholders to earn 5% cashback on all online spend without any merchant restrictions.

Targeting customers of all categories, from mainstream to premium, the card offers a simple, seamless and fully digital membership experience. Consumers across India including Tier 2 & 3 cities can easily get CASHBACK SBI Card instantly from the comfort of their homes with just a few clicks through ‘SBI Card SPRINT’ digital application platform.

The contactless card is free for the first year until March 2023 as a special offer. Due to its strong proposition, CASHBACK SBI Card customer will earn unlimited 1% cashback on all expenses. The cashback will increase to 5% on all online spending up to a maximum of Rs 10,000 per monthly statement cycle. Its merchant-agnostic nature ensures that customers aren’t limited to shopping with just a few merchants to enjoy the benefits. CASHBACK The SBI card comes with a cashback auto-credit feature that enables automatic crediting of authorized cashback to the SBI card account within two days of statement generation.

Speaking at the launch, Rama Mohan Rao Amara, MD and CEO, SBI Card said, “CASHBACK SBI Card will further strengthen our core card portfolio. This product is a great example of our ongoing efforts to meet the changing needs of our customers. Throughout our various initiatives, we have meticulously assessed cardholder affinity for online shopping and cash back. Online, we have carefully crafted the SBI CASHBACK card that truly enables customers to enjoy the benefits of cashback on every purchase, every time and everywhere. The launch of this unique card comes at an opportune time, as customers can experience its power every day and make the most of it during the upcoming holiday season. »

The benefits offered by the SBI CASHBACK card go far beyond its powerful cashback features. Cardholders are eligible for four complimentary domestic airport lounge visits per year (one visit per quarter). The card also offers a 1% fuel surcharge waiver which is valid for a transaction amount ranging from Rs 500 to Rs 3,000, with a maximum surcharge waiver limit of Rs 100 per month of billing statement for each account. credit card.

The annual card renewal fee is Rs 999 plus applicable taxes. CASHBACK SBI card users can enjoy waiver of renewal fees when they reach the annual spending milestone of Rs 2 lakh within the card membership year. The CASHBACK SBI card is available on the VISA platform.