M16S / State Bank of India (SBI Card) / CASHBACK SBI Card
entry · cashback, shopping
CASHBACK SBI Card
The CASHBACK SBI Card costs Rs 999 a year, waived if you spend Rs 2,00,000 in a year. Its base return is 1% (1% cashback on offline (POS) spends). Accelerated earn: 5% cashback on online spends. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 999+ GST
- Fee waived at
- Rs 2,00,000annual spend
- Base return
- 1%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- SBI Card to add 1% fee on transport above Rs 30,000, Dec 2026
From 1 Dec 2026 SBI Card charges 1% of the transaction amount on every transportation transaction above Rs 30,000 (MCCs 4111, 4784, 4131). Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card to add 1% fuel fee above Rs 50,000 a cycle, Dec 2026
From 1 Dec 2026, if fuel transactions in a billing cycle exceed Rs 50,000, SBI Card charges 1% on the total fuel spends. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card revises late payment charges from May 2026
From 1 May 2026 no charge applies up to Rs 100 due (was up to Rs 500). Rs 100 applies above Rs 100 up to Rs 500, and Rs 500 above Rs 500 up to Rs 1,000 (was Rs 400). Higher slabs are unchanged. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Cashback card excludes gaming, tolls and government, Apr 2026
From 1 Apr 2026 the CASHBACK SBI Card earns no cashback on Digital Gaming Platforms/Merchants (MCCs 7993, 7994, 5816), Tolls (4784) and Government related transactions (9222, 9311, 9402). Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Cashback card caps cashback at Rs 4,000 a cycle, Apr 2026
From 1 Apr 2026 cashback is capped per statement cycle: 5% online up to Rs 2,000 and 1% offline up to Rs 2,000, Rs 4,000 in total. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on wallet loads above Rs 1,000, Nov 2025
From 1 Nov 2025 SBI Card charges 1% of the transaction amount on every wallet load transaction above Rs 1,000. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on education payments via apps, Nov 2025
From 1 Nov 2025 a 1% fee applies to education payments made through third-party apps. Payments made directly to colleges or schools through their websites or POS machines carry no fee. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds Rs 200 cheque processing fee from Sep 2025
From 15 Sep 2025 a Cheque Processing Fee of Rs 200 applies to outstanding payments made by cheque. Payments by UPI, BBPS and NEFT stay free of extra charges. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on utility payments above Rs 50,000, Dec 2024
From 1 Dec 2024, if utility payments in a billing cycle add up to more than Rs 50,000, SBI Card charges a 1% fee on the total utility amount. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card raises finance charge to 3.75% a month from Nov 2024
From 1 Nov 2024 the rate of Finance Charges is 3.75% p.m. on all unsecured SBI credit cards, except Shaurya and Defense cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 999 |
|---|---|
| Annual fee | Rs 999 |
| Annual spend that waives the fee | Rs 2,00,000 |
| Fee notes | Annual fee Rs 999 + taxes; renewal fee Rs 999 from second year, reversed if previous-year spend >= Rs 2,00,000 (product page and MITC). Add-on card fee nil. |
Rewards
| Welcome benefit | None |
|---|---|
| Reward currency | Cashback (auto-credited to statement) |
| Base earn | 1% cashback on offline (POS) spends |
| Base return | 1% |
| Point value | Cashback in rupees |
| Accelerated earn | 5% cashback on online spends |
| Caps | Rs 2,000 per statement cycle on online (5%) and Rs 2,000 on offline (1%); Rs 4,000 total per cycle (as revised 1 Apr 2026) |
| Spends that earn nothing | Merchant EMI and Flexipay EMI; utilities, insurance, fuel, rent, wallet, school and educational services, jewellery, railways; from 1 Apr 2026 also digital gaming (MCC 7993, 7994, 5816), tolls (MCC 4784), government (MCC 9222, 9311, 9402) |
| Points expiry | Does not expire (issuer FAQ) |
| Milestone benefits | None |
| Reward notes | Cashback accrues on posting date, is credited within two working days of statement generation and is reversed on refunds (can go negative). base_return_pct is the uncapped-category offline rate of 1%; online 5% holds only up to Rs 40,000 online spend per cycle. No redemption fee applies as credit is automatic. |
Travel and perks
| Domestic loungeunverified | None |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% waiver on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle; fuel earns no cashback |
| Other freebies | None |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Product page (rendered 2026-10-12) confirms 5% online / 1% offline cashback, the Rs 2 lakh fee reversal, the fuel surcharge waiver terms and auto-credit within two working days of statement generation; its exclusion list (utilities, insurance, fuel, rent, wallets, education, jewellery, railways 'and more') is shorter than the issuer FAQ and 1 Apr 2026 notice already used here, and it states no cashback caps, so those fields stay as read from the FAQ/notice. The page footer says its information is correct as of July 2023. Network not stated beyond a 'Visa PayWave' line and generic 'Visa or Mastercard ATMs' text; no lounge benefit on the page. The issuer exclusion list is by MCC and the networks can reclassify merchants without notice. Switching another SBI card to this one wipes unredeemed reward points. Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the CASHBACK SBI Card?
- Rs 999 a year, before GST. It is waived if you spend Rs 2,00,000 in a year.
- Does the CASHBACK SBI Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the CASHBACK SBI Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the CASHBACK SBI Card?
- Merchant EMI and Flexipay EMI; utilities, insurance, fuel, rent, wallet, school and educational services, jewellery, railways; from 1 Apr 2026 also digital gaming (MCC 7993, 7994, 5816), tolls (MCC 4784), government (MCC 9222, 9311, 9402)