SBI CardGold

SBI Cashback Credit Card

•••• •••• •••• 4242

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Quick facts

SBI Cashback Credit Card

Top reward5%

Annual fee₹999

Min income₹25,000/mo

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💰Cashback Kings

SBI Card · Gold tier

SBI Cashback Credit Card

Max cashback on online spends

Best for Amazon, Flipkart and online bill payments.

Key Benefits

💳

5% online cashback

🎁

1% on other spends

⛽

Fuel surcharge waiver

Annual fee

₹999

Top rate

Min income

₹25,000/mo

Eff. return

-0.04%

Realistic net value (moderate user): -₹189/year

After ₹999 fee & ₹630 forex. Based on ₹40,000/mo spend.

12,400 users matched · Verified 2026-06-12

We earn commission if approved — at no cost to you. Zero sales calls.

Our transparency promise

✓ Reward caps shown in absolute ₹ — not just "5% cashback"

✓ Exclusions listed upfront — fuel, EMI, rent, wallet

✓ Point conversions with conservative ₹/point rates

What You Actually Earn (in ₹)

Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.

Gross rewards / year

₹1,440

Before fees & forex

Costs / year

₹1,629

Fee ₹999 + forex ₹630

Net value / year

-₹189

-0.04% effective return on spend

Category-wise breakdown

Online shopping

Spend ₹10,000/mo · 5% cashback

₹1,200/year

₹100/mo

₹2,000 × 5% = ₹100/moCap hit at ₹2,000/mo — extra spend earns less

All other eligible spends

Spend ₹30,000/mo · 1% cashback

₹240/year

₹20/mo

₹2,000 × 1% = ₹20/moCap hit at ₹2,000/mo — extra spend earns less

Fee waiver likely: Your ₹4,80,000/yr spend exceeds the ₹2,00,000 waiver threshold.

Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.

💰Cashback Kings

Flat cashback on spends — no points math

Reward Structure

Source: SBI Card T&Cs (revised Apr 2026)

Online spends

Max ₹40K online to fully utilise

Cap: ₹2,000/statement cycle

Example: ₹2,000/mo spend → ≈ ₹100/mo (max at cap)

Offline (POS)

Cap: ₹2,000/statement cycle

Example: ₹2,000/mo spend → ≈ ₹20/mo (max at cap)

Total max cashback

—

Cap: ₹4,000/cycle combined

Fuel surcharge

1% waiver

Cap: ₹100/cycle on ₹500–₹3,000 txn

Example: ₹1,00,50,03,000/mo spend → ≈ ₹1,00,50,030/mo (max at cap)

Excluded categories (no rewards)

FuelUtilitiesInsuranceRentWallet loadsEMIEducationJewelleryRailwaysGamingTollsGovt payments

Fee waiver at

₹2,00,000 annual spend

Best for

→ Heavy online shoppers
→ Amazon/Flipkart users
→ ₹25K+ salaried

Fees & Charges — Full Disclosure

All amounts in INR. Everything that can reduce your net value.

Joining fee

Charged in first year

₹999

Annual / renewal fee

Waived on ₹2,00,000 annual spend

₹999

Forex markup

3.5% on international transactions

Finance charges

≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid

Late payment fee

₹400–₹1,300 depending on statement balance — always pay on time

Reward redemption fee

Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee

Example: moderate user net math

Gross rewards+ ₹1,440

Annual fee− ₹999

Forex cost− ₹630

Net annual value-₹189

Eligibility Snapshot

Public criteria from SBI Card T&Cs (revised Apr 2026). Bank makes final decision.

Minimum age21–60 years

Min income (salaried)₹25,000/mo

Min income (self-employed)₹6,00,000/year

Employment acceptedsalaried, self employed

Credit historyNo minimum stated

CIBIL checkBank checks at application — CardHungry never pulls your score

Secured optionUnsecured card only

Card tierGold — mid-tier mass premium

Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.

FAQ

How much can I actually earn with SBI Cashback Credit Card?+

At moderate spend (₹40,000/mo), gross rewards are about ₹1,440/year. After the ₹999 annual fee, net value is approximately -₹189/year. Use the calculator above to model your own spends.

What is the minimum income for SBI Cashback Credit Card?+

₹25,000/month for salaried applicants (indicative — bank decides).

What spends do NOT earn rewards?+

Fuel, Utilities, Insurance, Rent, Wallet loads, EMI, Education, Jewellery, Railways, Gaming, Tolls, Govt payments.

Does CardHungry pull my CIBIL score?+

No. We use public eligibility criteria only. The bank will check CIBIL when you apply.

How do I get the annual fee waived?+

Spend ₹2,00,000 in a calendar year to get the ₹999 renewal fee reversed.