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)