SBI Card Cashback Slashed from April 1, New Cashback Rates Announced

SBI Card: If you hold a Cashback SBI Card, there’s some unfortunate news for you. This credit card is set to experience a major devaluation. The perks associated with this card have been notably altered. Users can now receive up to Rs 4,000 in cashback each month. These modifications will be implemented on April 1, 2026.

Previously, SBI card users could earn a maximum total cashback of Rs 5,000 per month. There were no restrictions on individual categories (whether offline or online), allowing all expenditures combined to yield up to Rs 5,000 in cashback. However, starting April 1, 2026, the regulations will change. The total cashback cap has been lowered to Rs 4,000. Additionally, this amount will be split into two distinct parts (offline and online). Each category will have its own limits, meaning you won’t be able to accumulate the full Rs 4,000 cashback from just one category.

Features of Cashback SBI Card

Cardholders will continue to receive a 5% cashback on online purchases with this card, as they did before, but beginning April 1st, the maximum monthly cashback available in this category will be Rs 2,000. This indicates that you can earn up to Rs 2,000 cashback at a 5% rate on online shopping totaling up to Rs 40,000 per month.

For offline shopping, cardholders will still earn the same 1% cashback as before, but starting April 1st, the maximum monthly cashback in this category will also be Rs 2,000. This means that for every Rs 2 lakh spent offline each month, you can earn up to Rs 2,000 cashback at the 1% rate.

In addition to payments like rent, fuel, and utilities, starting April 1, users will not receive any cashback for Digital Gaming (MCC: 7993, 7994, 5816), Toll/Fastag (MCC: 4784), and Government Payments/Taxes (MCC: 9222, 9311, 9402) categories.

When using this card for fuel purchases between Rs 500 and Rs 3,000 at petrol stations, you will not face a 1% fuel surcharge. The maximum waiver for the fuel surcharge per billing cycle is Rs 100.

This card is equipped with contactless technology which also provides the facility of ‘tap and pay’ to the customers, that is, payment can be made by just tapping on the POS machine without swiping the card.

Cashback redemption is not mandatory

With the SBI Cashback Card, you don’t need to redeem your cashback. This card comes with an automatic cashback credit feature. As a result, you will see the cashback credited to your credit card account within two days after your next billing cycle.

Cashback SBI Card Fees

The initial joining fee for this card is Rs 999.
The renewal fee for this card is also Rs 999. However, if you spend Rs 2 lakh in a year, the renewal fee will be waived.