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SBI Card

SBI Cashback Card

VisaMidCashback
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Annual Fee

₹999

Reward Type

Cashback

Forex

3.5%

Lounge

0 dom · 0 intl

Full Spec Sheet

Normalized · Verified

Fees

Joining Fee₹999
Annual Fee₹999(waived ≥ ₹2,00,000)
Min Monthly Income₹25,000

Rewards

Reward TypeCashback
Base Rate1%
Point Value₹1/point

Category Multipliers

online all3%(cap ₹5,000)

Redemption Values

statement credit₹1/pt

Travel & Global

Forex Markup3.5%
Domestic LoungeNone
Intl. LoungeNone

India-Specific

Fuel Surcharge✓ 1% waiver
⚠️ Last devaluation: October 2024

⚖️ Breakeven Analysis

To recover the ₹999 annual fee at the base reward rate of 1%, you need to spend ₹99,900 annually.

🎯 Pro Tips

  • ▸⚠️ Oct 2024 devaluation: Online cashback reduced from 5% to 3%. No longer best-in-class for online spend.
  • ▸Still solid at 3% flat online vs competitors that have category caps.

🏷️ Best For

cashbackshopping