SBI launches Cashback Credit Card, Check features and annual fees

SBI has launched cashback credit card which provides cashback upto 5% on online shopping. All the features and fees of this card are given below.

Card Cashback

• 5% Cashback on online spends without any merchant restriction
• 1% Cashback on offline spends

Spend Based Reversal

• Reversal of Renewal Fee on annual spends of Rs.2 Lakhs

Fuel Surcharge Waiver

• 1% Fuel Surcharge Waiver across all petrol pumps in India

Fees

• Joining Fee (one time): Rs. 999
• Renewal Fee (per annum): Rs. 999 from second year onwards. Renewal Fee reversed if annual spends for last year >= Rs. 2,00,000.
• Add-on Fee (per annum): NIL