Question 1

What is the annual fee on the Cashback SBI Credit Card and how do you get it waived?

Accepted Answer

The Cashback SBI Credit Card charges ₹999 plus GST as a joining fee and the same ₹999 again at renewal. SBI Card waives the renewal fee if you spend ₹2L in the previous year, which is about ₹16,667 a month. If your card spend sits below that, treat ₹999 as a real yearly cost that your rewards have to clear first.

Question 2

How much cashback does the Cashback SBI Credit Card give?

Accepted Answer

You get 5% back on online spends, capped at ₹2,000 a month. Other eligible spends earn 1%. On ₹10,000 of spend in the top category that is ₹500 back, so about ₹6,000 a year if you hit it every month. Rent Payments, Wallet Loads, Merchant EMI, Flexipay earn nothing at all.

Question 3

Does the Cashback SBI Credit Card give free airport lounge access?

Accepted Answer

The Cashback SBI Credit Card gives 4 complimentary domestic lounge visits a year, usually capped at 1 per quarter. There is no prior spend requirement on paper, though SBI Card has been moving cards to spend linked access, so confirm before you rely on it at the airport.

Question 4

What changed on the Cashback SBI Credit Card recently and is it still worth it in 2026?

Accepted Answer

5% online cap slashed ₹5,000→₹2,000/cycle; fresh spend exclusions. The changes are dated Apr 1, 2026. At ₹2L of yearly spend the card returns roughly ₹2,000 at its general rate of about 1%, against a ₹999 renewal fee. Keep it if you clear the ₹2L waiver spend and your spending really sits in the accelerated category. Drop it at renewal if you do not.

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