SBI Card Launches First-Of-Its-Kind ‘CASHBACK SBI Card’

~A singular card with 5% Cashback advantages throughout all on-line spends~

New Delhi, September 01, 2022: SBI Card, India’s largest pure-play bank card issuer,
right this moment introduced the launch of ‘CASHBACK SBI Card’, the first-of-its-kind and probably the most
complete Cashback bank card in India. CASHBACK SBI Card is the trade’s first
Cashback-focused bank card that permits cardholders to earn 5% Cashback on all on-line
spends with none service provider restrictions. Targeted at clients throughout all classes, from
mass to premium, the cardboard affords a easy, seamless, and fully digital becoming a member of
expertise. Consumers throughout India, together with tier 2 & 3 cities, can simply get CASHBACK
SBI Card immediately from the consolation of their properties in just some clicks by way of digital
utility platform ‘SBI Card SPRINT’.
The contactless card is free for the primary yr until March 2023 as a particular provide. Owing to its
sturdy proposition, CASHBACK SBI Card buyer will earn limitless 1% cashback on all
spends, cashback will improve to five% on all on-line spends for as much as most of INR 10,000
per month-to-month assertion cycle. It’s service provider agnostic nature ensures that the purchasers are
not restricted to procuring with just some retailers to avail the advantages. CASHBACK SBI
Card comes with auto-credit of Cashback facility which permits automated credit score of entitled
Cashback to the SBI Card account inside two days of assertion technology.
Speaking on the launch Mr. Rama Mohan Rao Amara, MD & CEO, SBI Card mentioned,
“CASHBACK SBI Card will further strengthen our core card portfolio. This product is a fine
example of our continuous efforts towards addressing customers’ evolving needs. During our
diverse initiatives, we meticulously assessed affinity of cardholders towards online shopping
and Cashbacks. In line, we thoughtfully designed CASHBACK SBI Card that truly empowers
customers to avail the Cashback benefits on every purchase, every time, and everywhere.
Launch of this unique card is at an opportune time as customers can experience its power
every day and make the most during the upcoming festive season.”
The advantages supplied by CASHBACK SBI Card go properly past its sturdy Cashback options.
Cardholders can avail 4 complimentary home airport lounge visits per yr (one go to
per quarter). The card additionally affords 1% gas surcharge waiver which is legitimate for transaction
quantity starting from Rs 500 to Rs 3,000, with most surcharge waiver restrict of Rs 100
per billing assertion month for every bank card account. The annual renewal payment of the cardboard
is Rs 999 plus relevant taxes. CASHBACK SBI Card customers can take pleasure in renewal payment reversal
on reaching the milestone of Rs 2 lakh annual spends throughout the card membership yr.
CASHBACK SBI Card is accessible on the VISA platform.

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Key highlights of the cardboard:
CASHBACK SBI Card
 Cashback Benefits:
o 5% cashback on each* on-line spend with out
any service provider restriction (Up to most of
Rs. 10,000 per month-to-month assertion cycle).
o Unlimited 1% cashback on all* spends and
utility invoice funds.
o Cashback will probably be routinely credited to
respective SBI Card account inside two days
of the subsequent assertion technology

 Joining & Renewal Fees:
o Under a particular provide until March 2023, the primary
yr of card membership is free.
o Annual payment reversal of Rs 999 on attaining
annual spends of Rs. 2 Lakh or extra inside
a card membership yr.

 Fuel Surcharge:
o 1% gas surcharge waiver (Valid for
transactions of quantity starting from Rs 500
to Rs 3,000 & most surcharge waiver
quantity of Rs 100 per billing assertion month per bank card account).

 Airport Lounge Access:
o 4 complimentary home airport lounge visits in a yr (Maximum of 1
go to per quarter).

*Cashback is just not relevant on Rent Payments, Fuel Spends, Wallet Loads, Merchant
EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.