SBI CASHBACK Credit Card Review (2026): Fees, Rewards, Lounge & Eligibility
The SBI CASHBACK is a co-branded cashback credit card offered by SBI Card in India. Powered by the Visa network, this card is designed to maximize savings for cardholders in their daily transactions. With a joining fee structure starting at ₹999, it caters to users seeking to optimize rewards in the cashback category. In this detailed review, we analyze its fee waiver milestones, airport lounge access policies, reward caps, and eligibility requirements to help you decide if it is worth adding to your wallet in 2026.
Key Benefits & Reward Structure
The reward rate is one of the most critical aspects of any credit card. The SBI CASHBACK offers a customized reward structure optimized for category spends:
- Online Spends: Offers 5% reward rate on eligible digital purchases.
- Offline Spends: Earns 1% cashback/rewards on eligible brick-and-mortar purchases.
- Gift Cards: Offers 5% ★ rewards.
- Amazon: Offers 5% rewards.
- Amazon Fresh: Offers 5% rewards.
- BigBasket: Offers 5% rewards.
- Blinkit: Offers 5% rewards.
- Flipkart: Offers 5% rewards.
- Flipkart Grocery: Offers 5% rewards.
- JioMart: Offers 5% rewards.
- Myntra: Offers 5% rewards.
- Ola: Offers 5% rewards.
- Swiggy: Offers 5% rewards.
- Rapido: Offers 5% rewards.
- Uber: Offers 5% rewards.
- Zomato: Offers 5% rewards.
Important Parameters: 5% cashback capped at ₹2000 per statement cycle. Buy gift cards with non-gift card MCC apps to get 5% cashback.
Pros & Cons
Pros
- Strong online cashback proposition
- Simple category story for everyday users
- Useful companion to merchant-specific cashback cards
Watchouts & Cons
- Monthly cashback caps apply
- Excluded MCCs can reduce real value
- Offline cashback is lower than online cashback
CardSe Verdict
The SBI CASHBACK is best suited for Broad online spends across multiple merchants where a simple cashback card is easier than tracking partner-specific offers.. If your monthly transactions align with this spending pattern, the reward rate and benefits will easily cover the card cost, delivering a high net yield.
Detailed Card Parameters
| Joining/Annual Fee | ₹ 999 |
| Welcome Benefit | - |
| Annual Fee Waiver Spends | ₹2 Lakh |
| Domestic Lounge Visits | - |
| Spends for Lounge | - |
| Amazon | 5% |
| Amazon Fresh | 5% |
| BigBasket | 5% |
| Blinkit | 5% |
| Education | - |
| Flipkart | 5% |
| Flipkart Grocery | 5% |
| Fuel | - |
| Gift Cards | 5% ★ |
| Govt. Payments | - |
| Insurance | - |
| Jewelry | - |
| JioMart | 5% |
| Myntra | 5% |
| NPS | - |
| Offline Spends | 1% |
| Ola | 5% |
| Online Spends | 5% |
| Rapido | 5% |
| Rent | - |
| Swiggy | 5% |
| Uber | 5% |
| Utilities | - |
| Wallets | - |
| Zomato | 5% |
| Notes | 5% cashback capped at ₹2000 per statement cycle. Buy gift cards with non-gift card MCC apps to get 5% cashback. |
Frequently Asked Questions
- What is the annual fee of the SBI CASHBACK?
- The SBI CASHBACK has a joining/annual fee of ₹999 + GST. The annual fee is waived if you spend ₹2 Lakh or more in the preceding membership year.
- Does the SBI CASHBACK offer airport lounge access?
- No, the SBI CASHBACK does not offer complimentary domestic or international airport lounge visits.
- Which network is the SBI CASHBACK issued on?
- The SBI CASHBACK is issued on the Visa network, ensuring wide acceptance across merchants in India and globally.
- Is the SBI CASHBACK worth it?
- Yes, the card is worth it if your monthly spends match its primary reward categories. For lifetime free variants, it carries zero recurring cost and acts as an excellent entry point. For paid variants, the rewards and benefits will easily exceed the annual fee when used optimally.