SBI Cashback Credit Card Review: The 5% Everything Card
🛍️ Shop Online? Save 5% Flat.
Get 5% Cashback on Amazon, Flipkart, Myntra, Zomato & more.
Apply Now (Official Link) →The King of Online Shopping
If you shop online, ignore everything else and look at this card. The SBI Cashback Credit Card changed the industry by offering Flat 5% Cashback on almost all online spending.
Unlike HDFC Millennia (which limits you to 10 apps) or Amazon Pay ICICI (which limits you to Amazon), SBI Cashback works everywhere.
Benefit 1: 5% Cashback on Everything*
Whether you are buying a laptop on Flipkart, ordering food on Swiggy, booking a flight on MakeMyTrip, or buying clothes on Myntra — you get 5% back.
- Online Speed: 5% Cashback.
- Offline Speed: 1% Cashback.
- Cap: Max ₹5,000 Cashback per month (Spending up to ₹1 Lakh online).
Auto-Credit: The best part? No reward points. The cash is credited directly to your statement within 2 days of bill generation.
Benefit 2: The 'Hidden' Exclusions (Read Carefully)
Why is there an asterisk above? Because SBI has a strict exclusion list. You get 0% Cashback on:
- Utility Bills & Insurance
- Rent Payments & Wallet Loads
- Jewelry & School/College Fees
- Gift Cards & Railways
⚠️ Strategy Tip
Do not use this card for paying your electricity bill or LIC premium. Use Amazon Pay ICICI or Tata Neu Infinity for those. Use SBI Cashback stricly for true shopping.
Comparison: The Battle of Cashback
| Feature | SBI Cashback | Amazon Pay ICICI | HDFC Millennia |
|---|---|---|---|
| Platform | Any Website | Amazon Only | 10 Partners Only |
| Rate | 5% | 5% (Prime) / 3% | 5% |
| Annual Fee | ₹999 (Waived @ ₹2L) | Free | ₹1,000 |
| Lounge | No | No | Yes (Spend Based) |
Conclusion: Is it worth the ₹999 Fee?
Yes.
Even if you spend just ₹5,000 online per month, you earn ₹3,000 cashback in a year. That covers the fee (₹999) three times over.
It is the most versatile card in India right now. Unless you only ever shop on Amazon, you need this card for everything else.
Calculated Choices, Zero Regrets.
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