SBI Cashback Card
EntrySBI Card
Where it ranks · across all 71 cards
Devaluation history
- 2026-04-01 - Combined cap cut ₹5,000→₹4,000/cycle. Gaming, tolls, jewellery newly excluded.
Reward rules
Base rate - everything not covered below
cashback
1.00%
effective
5% all online spends
cashback
5.00%
effective
No merchant restriction. Combined cap with offline: ₹4,000/cycle from Apr 2026 (was ₹5,000). Cashback rounds DOWN per transaction; txns under ₹100 earn nothing.
Source: SBI Cashback MITC · 2026-08-20
Base rate, but capped - these categories earn normally up to a monthly ceiling
- 1% offline spendscap ₹2,000/cyclesrc ↗
Earns nothing on
- ⊘ Utilities excluded from cashback (bank table puts 9399 under Utility here).49004814481648999399bank MCC list→ use Airtel Axis Bank here (10.0%)
- ⊘ Insurance excluded.596063006381bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Fuel excluded (surcharge waiver only).5172554155425983bank MCC list→ use MakeMyTrip ICICI here (1.0%)
- ⊘ Rental excluded.65137349bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Wallet loads excluded + 1% fee (Nov 2025).65406541bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ School and educational services excluded; 1% fee via third-party apps.51115192594259438211822082418244824982998351bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Jewellery excluded.5051509476315944bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Railways excluded.40114112bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Tolls excluded from Apr 2026.4784bank MCC list→ use Axis Burgundy Private here (4.5%)
- ⊘ Government transactions excluded from Apr 2026.922293119402bank MCC list→ use PVR INOX Kotak here (3.0%)
- ⊘ Digital gaming excluded from Apr 2026.799379945816bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Quasi-cash / financial institutions excluded.601160126051bank MCC list→ use SC Ultimate here (3.3%)
- ⊘ Card, gift, novelty and souvenir shops excluded.5947bank MCC list→ use Axis Magnus for Burgundy here (10.5%)
- ⊘ Merchant EMI and Flexipay excluded.
Issuer fees to know
- • 1% fee on wallet loads (Nov 2025).
Plays with this card
- 🪔 Sale-season stacking - the Great Indian Festival sequence
Amazon GIF 2026 opens ~22 Sep. The community stack order: sale price → bank instant discount → exchange bonus → coupon → no-cost EMI that retains the discount - and pre-loading Amazon Pay balance with a 5% card before the sale double-dips.
A ₹30,000 phone: 10% instant discount (₹3,000) + 5% on pre-loaded balance (₹1,350) + exchange/coupon - stacking beats any single card by 2-4x.
- 🎫 Jeweller gift vouchers on Amazon - 5% off board-rate gold
Amazon still processes under ASSPL (shopping, not jewellery). Buying Kalyan/Tanishq gold-coin gift vouchers there with SBI Cashback earns 5%; redeem in-store at board rate. Beats buying coins on Amazon directly, whose 10-15% premiums eat any reward.
₹40,000 of vouchers/month → ₹2,000 back → ~2-3% below parity net after typical jeweller coin premiums.