CashBack SBI Credit Card Welcome Benefits in 2024 | Annual Fee

Cashback SBI Credit Card

Hello Friends, in this article we are going to talk about Cashback SBI Credit Card. As Per name this is an CashBack Credit Card. This credit card is best for cashback lover people & this card comes with the annual charges of Rs.999, and you can get it waived off on spending Rs.2 Lakhs or more in the previous year. If you use this credit card, you can earn up to 5% cash back on all online spending and 1% cash back on offline spends. So here you can get the hints of Cashback benefits.

Cashback SBI Credit Card Fees and Charges

1. Joining & Renewal fee: The joining and renewal fees for the Cashback SBI Credit Card are Rs. 999.
2. Spend-Based Reversal: Reversal of renewal fees on annual spends of Rs. 2 lakhs.
3. Interest Charges: The interest charges applicable on the card are 3.5% p.m. (42% p.a.).
4. Cash Advance Fee: For every cash withdrawal using the card from ATMs, you are charged 2.5% of the amount or flat Rs. 500, whichever is higher.
5. Foreign Currency Markup: The card charges 3.5% as the international currency markup fee.

Cashback SBI Credit Card Joining Fee?

In Cashback SBI Credit Card, you get a joining fee of ₹999.

Cashback SBI Credit Card Renewal Fee?

In Cashback SBI Credit Card, you get a renewal fee of ₹999. However, this fee can be waived off if you spend more than Rs. 2 lakh or more through this credit card within 1 year.

Cashback SBI Credit Card Advance Charges?

On using this credit card, you are charged a minimum cash advance charge of ₹500 and 2.5%.

Cashback SBI Credit Card Interest Rate?

In this credit card, you can be charged interest rate of 3.5% per month. You will be charged an interest rate of 42% per year.

Cashback SBI Credit Card Fuel Surcharge?

Fuel Surcharge Waiver of 1% is given to you in Cashback SBI Credit Card.

Cashback SBI Credit Card Insurance Benefits

1. In this credit card you get accidental loss insurance up to Rs 1 crore.
2. You get overseas hospitalization tax up to Rs 15 lakh.
3. You can get a last card liability tax of Rs 9 lakh, that is, if your credit card goes missing, then in such a situation you can get a cover of up to Rs 9 lakh.

CashBack SBI Credit Card Eligibility Criteria

1. The age of the primary cardholder must lie between 21 and 65 years.
2. The applicant should have a stable source of income.
3. The applicant should have a decent credit history.

Who Should Get this CREDIT CARD?

The SBI Cashback Credit Card offered by SBI Card is an excellent card in terms of the cashback benefit it provides. With this card, you can get up to 5% cash back on every online spend and 1% on offline spends. Therefore, this card would be a wise choice for someone who wants to save instantly for their transactions. However, the annual fee charged with the card is slightly on the higher side, keeping in mind the benefits it provides, but the annual fee waiver justifies the same.