SBI launches 'Cashback SBI Card'

SBI launches 'Cashback SBI Card'

SBI Card on Thursday announced the launch of ‘cashback SBI Card’ that enables cardholders to earn 5% cashback on all online spending without any merchant restrictions.

Consumers across India, including those in tier 2 and 3 cities, can apply for ‘cashback SBI Card’ from the comfort of their homes through the digital application platform ‘SBI Card SPRINT’.

According to the company, the contactless card is free for the first year till March 2023 as a special offer.

Cashback SBI Card’ customers will earn unlimited 1% cashback on all spending, and cashback will increase to 5% on all online spending for up to a maximum of ₹10,000 per monthly statement cycle

The Card also provides four complimentary domestic airport lounge visits per year (one visit per quarter).

The card also offers 1% fuel surcharge waiver which is valid for transaction amounts ranging from ₹500 to ₹3,000, with a maximum surcharge waiver limit of ₹100 per billing statement month for each credit card account.

The annual renewal fee of the card is ₹999 plus applicable taxes.

‘Cashback SBI Card’ users can enjoy renewal fee reversal on reaching the milestone of   ₹2 lakh annual spends during the card membership year.

‘Cashback SBI Card’ is available on the VISA platform.