The SBI Card Cashback earns in cashback, which this calculator values at ₹1 per point. Base earn rate is 1% value back, the annual fee is ₹999 (waived at ₹2L), and forex markup is 3.5%.
Its strongest category is Online shopping at 5% value back.
| Category | Value back | Detail |
|---|---|---|
| Online shopping | 5% | 5% on all online spend - no merchant list |
Accelerated rates stop at a spend threshold. Past it, you earn the fallback rate.
| Category | Cap | After the cap |
|---|---|---|
| Online shopping | ₹1,00,000 | drops to 0% |
The SBI Card Cashback earns no rewards on Fuel, Rent, Utilities, Insurance, Govt & Tax, Grocery. Put that spend on another card.
The cleanest 5% online in India, capped ₹5,000/month (hit at ₹1L online spend). Long exclusion list: utilities, insurance, education, jewellery, rail all earn nothing.
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