CashbackSBI Card
SBI Cashback
★★★★★4.2
Base Rate
1%
Forex Markup
3.5%
Joining Fee
₹999
Milestones
0
💳 Fee Structure
Joining Fee₹999
Annual Fee₹999
Fee WaiverWaived on ₹2,00,000 annual spend
🧮 Reward Calculator
Monthly Spending Breakdown
₹10,000
₹0₹2,00,000
₹5,000
₹0₹2,00,000
₹15,000
₹0₹3,00,000
₹10,000
₹0₹2,00,000
Net Annual Value
+₹8,601
2% effective rate
After ₹999 annual fee deduction
Base Rewards
₹9,600
Forex Net
+₹0
Milestones
₹0
No milestone benefits for this card
Total Annual Spend₹4,80,000
Annual Fee Deducted-₹999
Lounge Access
Spend-Based Access
Spend ₹50,000/quarter to unlock
₹0₹50,000
Required threshold to activate lounge visits
Visits / Year
4visits
Supported Networks
Dreamfolks
Domestic Only
Additional Notes
Spend ₹50,000 in the previous quarter to unlock 1 lounge visit. Max 4/year.
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⚖️ Pros & Cons
✓Pros
- •5% cashback on all online spending — industry leading
- •Low annual fee (₹999, easily waivable)
- •Direct cashback — no point conversion hassle
- •Good for e-commerce heavy users
✗Cons
- •₹1,00,000/month cap on 5% cashback category
- •Only 1% on offline transactions
- •Poor forex markup (3.5%)
- •Limited lounge access (spend-based)
- •No transfer partners
Historical Changes
Track record of card modifications
Major Change
Online cashback cap reduced
Monthly cap on 5% cashback reduced from ₹1,50,000 to ₹1,00,000 eligible spend.