When it comes to shopping, whether online or offline, many prefer minimizing cash transactions and instead leverage the benefits of cashback through card usage. In this context, SBI has introduced a new card offering, the SBI Cashback Card, recently added to the SBI card lineup.
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The SBI Cashback Card is tailored to enhance the shopping experience by offering cashback benefits on both online and offline transactions. This new addition to the SBI card portfolio aims to cater to the evolving preferences of consumers who seek not only convenience but also financial rewards.
Here are diverse benefits of the CASHBACK SBI Card, ranging from flexible cashback options to fee reversals and fuel surcharge waivers.
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Lucrative Cashback Offers:
–Earn a generous 5% cashback on all online expenditures without any restrictive merchant conditions.
–Enjoy a 1% cashback on offline spends, providing rewards for both your digital and traditional transactions.
Cashback Exclusions for Prudent Spending
–The cashback is not applicable on specific transactions, including Merchant EMI, Flexipay EMI, and categories like Utility, Insurance, Fuel, Rent, Wallet, School & Educational Services, Jewelry, Railways, etc.
Spend-Based Fee Reversal:
–Benefit from a fee reversal on annual spends of Rs. 2 Lakhs, ensuring that your loyalty is rewarded with financial perks.
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Fuel Surcharge Waiver:
–Enjoy a 1% fuel surcharge waiver on transactions at all petrol pumps across India for amounts ranging from Rs. 500 to Rs. 3,000 (excluding GST and additional charges).
–Maximise your savings with a cap of Rs. 100 per statement cycle per credit card account.
Balance Transfer on EMI:
–Optimize your credit card expenses by transferring outstanding balances from other banks’ credit cards to your CASHBACK SBI Card.
–Avail a lower rate of interest and the convenience of paying back in EMIs, helping you save money while managing your credit commitments effectively.
