A "cash back credit card" from SBI Card allows users to receive 5% cashback on all online purchases without any merchant restrictions. The cashback is restricted to Rs 10,000 every cycle of monthly statements.
Consumers in India, especially those in Tier-2 and Tier-3 cities, may apply for the "cash back credit card" from the comfort of their homes using the digital application platform "SBI Card Sprint," according to a press release from SBI Card.
The company is giving away the card for free until March 2023 as a special promotion.
"CASHBACK SBI Card clients will get limitless 1% cashback on all purchases, and cashback will increase to 5% on all online purchases, up to a maximum of Rs 10,000 every monthly statement cycle. Its merchant agnostic nature ensures that the customers are not restricted to shopping with just a few merchants to avail the benefits,” reads a press release from SBI Card.
“The Auto-Credit of Cashback facility of the cashback SBI Card permits automatic credit of entitled cashback to the SBI Card account within two days of the statement.”
The card's annual renewal cost is Rs 999 plus applicable taxes. When they attain the milestone of Rs 2 lakh in yearly spending during the card membership year, holders of Cashback SBI Cards can benefit from the renewal charge being refunded. The Cashback SBI Card is accessible through the VISA platform, according to the company statement.
Cashback is not applicable on:
It should be noted that the Cashback is not valid on purchases made using Encash, Flexipay, Encash Cash, merchant EMIs, fuel spends, rent payments, or wallet loads.
Other Benefits
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1% cashback is always available on all* spends and utility bill payments.
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Within two days after the issuance of the next statement, cashback will be automatically credited to the relevant SBI Card account.
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A year's worth of free domestic airport lounge visits (Maximum of 1 visit per quarter).
