Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
SBI has launched the 'Cashback SBI Card' to offer exclusive cashback privileges to its customers. This credit card offers maximum value-back on all your online purchases which makes it one of the top credit cards for online shopping. Read on to learn about the features, benefits, fees, etc., of the Cashback SBI Card.
The Cashback SBI Card comes with the following features and benefits:
The fees and charges associated with the Cashback SBI Card are mentioned in the table below:
| Type of Fee | Amount |
|---|---|
| Joining Fee | Rs.999 |
| Renewal Fee | Rs.999 (Waived if you spend Rs.2 lakh in the previous year) |
| Add-on Fee | Nil |
| Cash Advance Fee | 2.5% or Rs.500 (whichever is higher) |
| Finance Charges | 3.50% per month (42% p.a.) |
| Cash Payment Fee | Rs.250 plus taxes |
| Late Payment Fee |
|
| Overlimit Fee | 2.5 % of the over-limit amount or Rs.600 (whichever is higher) |
| Payment Dishonor Fee | 2% of the payment amount (minimum Rs.500) |
| Rewards Redemption Fee | Rs.99 |
| Cheque Payment Fee | Rs.100 |
| Card Replacement Fee | Rs.100 to Rs.250 (Rs.1,500 for Aurum cardholders) |
| Foreign Currency Transaction Fee |
|
The basic eligibility criteria to apply for a Cashback SBI Card are as follows:
The documents required to apply for a Cashback SBI Card are as follows:
The steps to apply for a Cashback SBI Card are mentioned below:
Step 1: Visit the official website of SBI.
Step 2: Navigate to the 'Credit Cards' page and select 'Cashback SBI Card.'
Step 3: Click on the 'Apply Now' option.
Step 4: Fill in the online application form.
Step 5: Click on the 'Submit' option.
Step 6: Upon approval of your application, the SBI Card team will contact you for verification. You will receive the Cashback SBI Card after the verification process is completed.
Yes, you can apply for the Cashback SBI Card online.
The Cashback SBI Card offers 5% cashback on all online purchases, with no merchant restrictions.
You will receive cashback in your SBI Card account within two days of your next statement generation.
With the Cashback SBI Card, you get 1% cashback on offline purchases.
Yes, you will be entitled to four domestic airport lounge visits for free every year, with a ceiling of one visit per quarter.
There is no joining fee for the Cashback SBI Card. However, you will have to pay an annual/renewal fee of Rs.999 from the second year onwards, which is waived on spending Rs.2 lakh in the previous year.
The Cashback SBI Card offers a 1% fuel surcharge waiver across all petrol pumps throughout India on transactions ranging from Rs.500 to Rs.3,000.
Yes, you can avail add-on cards for parents, spouse, children or siblings over the age of 18 years.
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