CASHBACK SBI Card Review 2026
The CASHBACK SBI Card is designed for people who regularly spend online and want a simple cashback-focused credit card. Its main attraction is 5% cashback on eligible online spending and 1% cashback on eligible offline spending.
However, the card is not automatically the best choice for everyone. Cashback has limits and exclusions, and the annual fee needs to be considered against your actual spending.
CASHBACK SBI Card at a Glance
Annual Fee: ₹999 + applicable taxes
Renewal Fee: ₹999 + applicable taxes from the second year
Renewal Fee Waiver: Available when eligible annual spending reaches ₹2 lakh
Best For: Regular online shoppers and cashback-focused users
Main Attraction: 5% cashback on eligible online spending
Card Type: Cashback Credit Card
| Key Detail | CASHBACK SBI Card |
|---|---|
| Card Type | Cashback Credit Card |
| Annual Fee | ₹999 + applicable taxes |
| Renewal Fee Waiver | ₹2 lakh eligible annual spending |
| Online Cashback | 5% on eligible spending |
| Offline Cashback | 1% on eligible spending |
| Cashback Cap | ₹4,000 per statement cycle |
| Best For | Regular online shoppers |
Annual Fee & Charges
The CASHBACK SBI Card carries an annual fee of ₹999 plus applicable taxes. The renewal fee is also ₹999 plus taxes from the second year, but SBI Card states that the renewal fee can be reversed when annual spending reaches ₹2 lakh.
For someone who regularly spends enough on eligible purchases, this can make the fee easier to justify. For low spenders, it is worth comparing the likely cashback with the annual cost before applying.
Key Benefits
5% Cashback on Online Spending
The card offers 5% cashback on eligible online transactions. However, certain categories and transactions are excluded, so the advertised cashback rate should not be treated as applying to every online payment.
From April 1, 2026, the maximum cashback on online transactions is ₹2,000 per statement cycle.
1% Cashback on Offline Spending
Eligible offline spending earns 1% cashback. From April 1, 2026, offline cashback is capped at ₹2,000 per statement cycle.
Overall Cashback Limit
The maximum combined cashback is ₹4,000 per statement cycle, with separate ₹2,000 limits for eligible online and offline spending.
Fuel Surcharge Waiver
The card provides a 1% fuel surcharge waiver on eligible fuel transactions between ₹500 and ₹3,000, subject to a maximum waiver of ₹100 per statement cycle.
What We Like
- Strong cashback rate for eligible online spending.
- Simple cashback structure compared with points-based cards.
- Useful for regular online shoppers.
- Renewal fee can be reversed after reaching ₹2 lakh annual spending.
- Cashback is automatically credited to the SBI Card account after the next statement generation.
Things to Keep in Mind
- Cashback has monthly/statement-cycle limits.
- Several categories are excluded from cashback.
- From April 1, 2026, digital gaming, tolls and government-related transactions were added to the exclusions.
- The ₹999 annual fee may not make sense for people with low eligible spending.
- Cashback conditions and exclusions can change, so the latest SBI Card terms should always be checked before applying.
Who Should Consider It?
The CASHBACK SBI Card is worth considering if you regularly shop online and can make enough eligible spending to benefit from the 5% cashback.
It may be less suitable if most of your spending falls into excluded categories, or if your annual spending is too low to justify the ₹999 fee.
Apply Online
Before applying, check SBI Card’s latest fees, eligibility requirements, cashback limits, exclusions and other applicable terms.
Our Verdict
The CASHBACK SBI Card can be a strong option for regular online shoppers who want straightforward cashback rather than complicated reward points.
Its biggest advantage is the 5% online cashback, but the limits and exclusions matter. The right choice depends on how you actually spend your money—not simply on the highest advertised cashback rate.
Choose the card that fits your spending, not just the card with the biggest advertised reward.
Want to compare the CASHBACK SBI Card with other popular credit cards in India? See our Best Credit Cards in India 2026 comparison guide to compare fees, rewards and benefits side by side.
Want to understand how secured cards compare with other credit card types? Read our Types of Credit Cards: Which One Is Right for You? (2026 Complete Guide) to explore the different options and find one that may suit your needs.