Is SBI Co-Branded Credit Card Better Than the Bank’s Own Credit Card? Here’s the Answer
SBI Cashback Card
SBI Cashback Card
5% direct cashback on select online merchants (Flipkart, Amazon, Myntra, etc.)
1% cashback on offline spends
No cashback on insurance, utility bills, fuel, rent, wallet loads
Zero annual fee
Cashback is credited directly to the statement—no redemption needed
10% reward points on PhonePe app spends (utilities, insurance, recharges, Pincode, etc.)
5% on 1,000+ online merchants
1% on all other eligible spends
Monthly caps: 2,000 (10% tier), 2,000 (5%), 500 (1%)
Annual fee: ₹1,499
Waived with high annual spend
₹1,500 welcome voucher offsets the fee
Lifetime free variants available (as of Aug 2025)
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