Cashback SBI Card Review 2026
Best for Online Shoppers
SBI Cashback Card is the go-to choice for e-commerce enthusiasts with best-in-class 5% cashback on online purchases.
Positioning & Strategy
•Designed specifically for online shopping enthusiasts
•5% cashback on all online purchases - highest in category
•1% on offline transactions balances the offering
•Auto redemption to account makes tracking easy
•Perfect for ₹2L-₹5L annual spend customers
Fees & Eligibility
Annual Fee
₹999 + GST
Fee Waiver
₹2L annual spend
Salaried
₹40K+/month
Self-Employed
₹10L+ ITR
Welcome Benefits
Reward Structure
Online Shopping
5% Cashback
Rate: On e-commerce, travel, bills - all online channels
Offline Purchases
1% Cashback
Rate: On in-store shopping and offline spends
Monthly Cap
₹40,000 spend cap
Rate: 5% cashback applies up to ₹40K monthly
Annual Value
Up to ₹24,000
Rate: Potential annual cashback with 5% and 1% mix
Online Advantage
•5% cashback applies to all online channels - no partner restrictions
•Works on Amazon, Flipkart, Myntra, Swiggy, and any online merchant
•Online travel bookings (flights, hotels) also earn 5%
•Online bill payments earn 5% - best for recharges and subscriptions
•No quarterly caps, consistent benefit throughout the year
Key Benefits
Spending Strategy
•Online spends: ₹3,000-5,000 monthly for maximum 5% return
•Offline fallback: 1% on direct store purchases
•Combine online travel bookings to maximize benefits
•Use for online bill payments and subscriptions
•Annual spending ₹2L-₹5L recommended to maximize fee waiver and returns
Pros and Cons
✓Pros
- +Highest online shopping cashback at 5%
- +Works universally on all online merchants
- +Simple two-tier reward structure
- +Fast cashback auto-redemption
- +No quarterly or category caps on 5% benefit
- +Easy fee waiver at ₹2L spend
✕Cons
- -Only 1% on offline purchases
- -Limited lounge access or travel benefits
- -No milestone bonuses
- -₹40K monthly spend cap on 5% cashback
- -No international travel perks
- -Limited to cashback redemption only
Best Use Cases
•Primary card for all e-commerce purchases
•Use for online bill payments and recurring subscriptions
•Book flights and hotels online through any platform
•Use for online entertainment and subscription services
•Secondary offline card for in-store purchases earning 1%
•Best for customers with ₹3,000+ monthly online spending
Final Verdict
•SBI Cashback is unbeatable for online shoppers
•Best suited for ₹2L-₹5L annual online spending
•Simple reward structure makes it perfect for first-time premium users
•Annual fee easily covered through online cashback
•Ideal primary card if 80%+ of spending is online
FAQs
Excluded Merchant Categories (MCC)
The following merchant categories are excluded from earning rewards: