SBI CashBack Credit Card

Cashback SBI Card Fees and Charges

The following are the most essential charges associated with a credit card:

Joining & Renewal fee: The joining and renewal fees for the Cashback SBI Credit Card are Rs. 999.

Spend-Based Reversal: Reversal of renewal fees on annual spends of Rs. 2 lakhs.

Interest Charges: The interest charges applicable on the card are 3.5% p.m. (42% p.a.).

Cash Advance Fee: For every cash withdrawal using the card from ATMs, you are charged 2.5% of the amount or flat Rs. 500, whichever is higher.

Foreign Currency Markup: The card charges 3.5% as the international currency markup fee.

Late Payment Charges:

• Dues less than Rs. 500 – Nil.
• Dues from Rs.500 to Rs.1,000 have to pay Rs. 400.
• Dues from Rs.1,000 to Rs.10,000 will be charged Rs. 750.
• Dues from Rs. 10,000 to Rs. 25,000 will be charged Rs. 950.
• Dues from Rs. 25,000 to Rs. 50,000 will be charged Rs. 1,100.
• Dues above Rs. 50,000 will be charged Rs. 1,300

CashBack SBI Credit Card Eligibility Criteria

The basic eligibility requirements that you need to fulfil in order to get approved for the card are mentioned below:

• The age of the primary cardholder must lie between 21 and 65 years.
• The applicant should have a stable source of income.
• The applicant should have a decent credit history.

Documents Required

The documents that are required to apply for Cashback SBI Card are mentioned below:

• Identity Proof: Driving Licence, Aadhar Card, PAN Card, Voters’ ID, etc.
• Address Proof: Utility bills, Aadhar Card, Driving Licence, Passport, etc.
• Income Proof: Latest three months’ bank statements, latest three months’ salary slips, or latest audited ITR.