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By Suraj Bediya

As a first-of-its-kind comprehensive cashback credit card in India, SBI Card launched the ‘Cashback SBI Card’.

Using the SBI Card, customers will be able to earn 5 percent cashback on all online purchases without merchant restrictions, making it the first cashback-focused credit card available. With the card, customers of all demographics, from mass to premium, will be catered to, and the application process will be fast, easy, and entirely digital.

SBI Card’s website states that Cashback SBI Card customers will earn unlimited 1 percent cashback on all spending and 5 percent cashback on all online spending, up to a maximum of Rs 10,000 per statement cycle.

For the first year until March 2023, the contactless cashback card is offered free of charge.

As part of the card’s automatic cashback credit feature, cashback will be automatically credited to the account within two days of the statement being issued.

In addition to receiving cashback, cardholders will also receive four complimentary visits to domestic airport lounges per year (one per quarter).

Additionally, each credit card account is entitled to a 1 percent fuel fee waiver for transactions in the range of Rs 500 to Rs 3,000, with a maximum surcharge waiver limit of Rs 100 per billing statement month.

This card is compatible with the VISA platform.

It costs Rs 999 per year for the card to be renewed plus any applicable taxes. Customers who reach the milestone of Rs 2 lakh in annual spending during the card membership year are eligible for reimbursement of the renewal fee.

The Cashback SBI Card is targeted at customers across all categories, from mass to premium including Tier 2 and 3 cities. Customers can sign up for the credit card through a completely digital joining process.

Customers across India can easily get the card instantly by singing up on the digital application platform ‘SBI Card SPRINT’.