Cashback SBI Card

SBI Card · Open to apply

Flat 5% cashback on online spends and 1% on offline spends, with no merchant list, but capped at ₹2,000 each way (₹4,000 in all) per statement and with a long list of excluded categories (fuel, utilities, rent, wallets, education, insurance, jewellery, railways and more).

Annual fee
₹999 + GST a year
Joining fee
₹999 + GST
Fee waiver
Annual fee waived on ₹2,00,000 spend per card year
Base rate
1% cashback on offline spends (POS) and anything not flagged online: 1% cashback (about 1% at cash value)
Lounges
None on record
Forex markup
3.5%
Data
From bank documents, checked 23 Oct 2026

Main earn rates

  • 5% cashback on online spends: 5% cashback (about 5% at cash value)

Earns nothing on

  • No cashback at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
  • No cashback on utility bills (MCCs 4900, 4814, 4816, 4899, 9399)
  • No cashback on insurance (MCCs 5960, 6300, 6381)
  • No cashback on rent and property management (MCCs 6513, 7349)
  • No cashback on wallet loads (MCCs 6540, 6541)
  • No cashback on school and educational services (MCCs 5111, 5192, 5942, 5943, 8211, 8220, 8241, 8244, 8249, 8299, 8351)
  • No cashback on jewellery (MCCs 5051, 5094, 7631, 5944)
  • No cashback on railway tickets (MCCs 4011, 4112)
  • No cashback on cash advances, ATM withdrawals and quasi-cash (MCCs 6011, 6012, 6051)
  • No cashback on Flexipay and Merchant EMI
  • No cashback on digital gaming platforms (MCCs 7993, 7994, 5816)
  • No cashback on tolls (MCC 4784)
  • No cashback on government-related transactions (MCCs 9222, 9311, 9402)

Where the sources disagree

  • Renewal fee waiver measure: The product page and KFS reverse the renewal fee on annual spends "in the preceding year"; the T&C upgrade clause counts eligible spends "within the last 365 days from the Annual Card Fee billing date". SBI Card does not reconcile the two wordings; we model a card-year spend of ₹2 lakh.
  • Maximum age: The apply page gives a maximum age of 70; the credit cards page gives 60 in one section and 70 elsewhere. Not resolved, so no maximum age is recorded.

Terms the calculator does not value

  • Online versus offline follows flags the network and acquirer send, on a best-effort basis, and the MCCs behind the exclusions are set by the networks and can change without notice to customers. A merchant can land in a different bucket than the calculator assumes.
  • Other exclusions with no calculator category: card, gift, novelty and souvenir shops (MCC 5947), the stationery and book MCCs 5111, 5192, 5942, 5943 and 8351, jewellery MCCs 5051 and 7631, and payments made through standing instruction or Fetch and Pay on SBI Card's own app, website or chatbot.
  • Cashback accrues on the posting date, not the transaction date, so a transaction posted after statement day falls in the next cycle's caps.

Sources

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