New Cashback SBI card launched!

[pjain2712]

5% Cashback on all online spends upto ₹10000, without any merchant restrictions.

Cashback not applicable on Rent Payments, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.



Application link: Click here to apply for cashback card

Card Review: https://www.technofino.in/sbi-cashback-credit-card-review/

UPDATE: CASHBACK SBI Card will be revised w.e.f. 01 May'23. For details, click https://sbicard.com/CashbackCard

 

[bhavyegoel]

This is looking like too good to be true and if true then it will replace most of the cards in your wallet.

 

[RiddhiDeopura]

The Annual fees is a deal breaker

 

[rohit_]

Apply for simplyclick or this one? pls suggest

 

[ashwink]

This Card is Excellent 😍

 

[Dhruvit.S]

The Annual fees is a deal breaker

You can remove its fees worth from the card.

 

[dhshankar]

Nowadays, the 10% CB offers from FK/AMZ are coming with upper limit on cashback. This card would solve those problem I believe

 

[Predator]

hope SBI allows me to upgrade my simply click to this card.

 

[Predator]

Apply for simplyclick or this one? pls suggest

this one, without any thought

 

[Nemesis]

5% online and 1% rest.... looks promising

 

[ashwink]

5% online and 1% rest.... looks promising

Feels Bob SnapDeal CC greater than this card.

 

[Nemesis]

Feels Bob SnapDeal CC greater than this card.

in what way?

Ye SBI wale Diwali bonus bana rahe apna

 

[repertoire]

This is looking like too good to be true and if true then it will replace most of the cards in your wallet.

Not sure if the 10K limit refers to the total cashback you can earn in a month, or if it is a limit on the monthly spending up to which you can earn cashback. If it is the latter, then it would make much more sense as the maximum cashback you can get would be 500 INR a month. And all the highly rewarding cards in your wallet are still safe.

 

[Digvijay]

Not sure if the 10K limit refers to the total cashback you can earn in a month, or if it is a limit on the monthly spending up to which you can earn cashback. If it is the latter, then it would make much more sense as the maximum cashback you can get would be 500 INR a month. And all the highly rewarding cards in your wallet are still safe.

5% cashback is limited to Rs. 10,000 per billing statement month. Post that, you will continue to get base Card Cashback of 1% on eligible online and offline spends.

 

[Nemesis]

Not sure if the 10K limit refers to the total cashback you can earn in a month, or if it is a limit on the monthly spending up to which you can earn cashback. If it is the latter, then it would make much more sense as the maximum cashback you can get would be 500 INR a month. And all the highly rewarding cards in your wallet are still safe.

based on T&C... it's total cashback... Only amount greater than 100 attract cashback.

https://www.sbicard.com/sbi-card-en/assets/docs/pdf/cashback-tnc-booklet.pdf

Slowly they will also downgrade... add categories for exception

 

[moonsmart]

Not sure if the 10K limit refers to the total cashback you can earn in a month, or if it is a limit on the monthly spending up to which you can earn cashback. If it is the latter, then it would make much more sense as the maximum cashback you can get would be 500 INR a month. And all the highly rewarding cards in your wallet are still safe.

If It's on spends upto ₹10,000 in a monthly statement cycle on all online spends then a cap of ₹500 cashback per month.

1.2L per year spending for max cashback but 2L for spend based fee waiver.

Doesn't looks so good to spend 80k for 1% rewards.

Axis Ace gives more value at 2L spends, considering 1L spends on utility and 1L all other 2% category spends.

 

[rohit_]

this one, without any thought

One More thing already applied simply click through yono after that i receive call and they proceed application on c2c basis so kyc agent will come today to collect all documents so, i will tell them to change or on verification phone call?

@Dhruvit.S

It's on spends upto ₹10,000 in a monthly statement cycle on all online spends. So a cap to ₹500 cashback per month.

1.2L per year spending for max cashback but 2L for spend based fee waiver.

Doesn't looks so good to spend 80k for 1% rewards.

Axis Ace gives more value at 2L spends, considering 1L spends on utility and 1L all other 2% category spends.

• Q 4. My cashback for current statement shows negative balance. What does it mean?
• Your Cashback will be reversed in case of purchase cancellations, reversals and returns etc. The reversal amount for such transactions will be adjusted/debited in your monthly statement.
  
  For instance: An online transaction made on 10th June of Rs. 1,00,000 would be eligible for a Card Cashback of 5% i.e. Rs. 5,000, assuming the statement was generated on 11th June. In that case, the Card Cashback of Rs. 5000 will be posted to your account on 13th June.
  Suppose on 15th June, you returned the item. Then the cashback of Rs. 5000 will be reversed due to purchase return and the same will be adjusted/debited in your next monthly statement.

Cashback SBI Card FAQs | How to Earn Cashback | SBI Card

Know how to earn cashback on Cashback SBI Card. Read FAQs about cashback credit card, cashback limits, cashback on fuel spends & cashback expiry, etc.

www.sbicard.com

 

[moonsmart]

• Q 4. My cashback for current statement shows negative balance. What does it mean?
• Your Cashback will be reversed in case of purchase cancellations, reversals and returns etc. The reversal amount for such transactions will be adjusted/debited in your monthly statement.
  
  For instance: An online transaction made on 10th June of Rs. 1,00,000 would be eligible for a Card Cashback of 5% i.e. Rs. 5,000, assuming the statement was generated on 11th June. In that case, the Card Cashback of Rs. 5000 will be posted to your account on 13th June.
  Suppose on 15th June, you returned the item. Then the cashback of Rs. 5000 will be reversed due to purchase return and the same will be adjusted/debited in your next monthly statement.

Cashback SBI Card FAQs | How to Earn Cashback | SBI Card

Know how to earn cashback on Cashback SBI Card. Read FAQs about cashback credit card, cashback limits, cashback on fuel spends & cashback expiry, etc.

www.sbicard.com

So its ₹10,000 cashback per month? 😱😱

 

[Predator]

One More thing already applied simply click through yono after that i receive call and they proceed application on c2c basis so kyc agent will come today to collect all documents so, i will tell them to change or on verification phone call?

maybe you need to apply again. Ask any senior member here, they will help you with this

 

[moonsmart]

Does the sprint method works for people already holding a SBI card?