The country’s largest lender State Bank of India has announced the launch of the cashback SBI Card. Under this cardholders can avail up to 5 percent cashback on online spends without any business restriction and interruptions. Cashback SBI Card customers can avail 5% off on all online spends up to a month or a maximum of Rs 10,000.
Who can apply for Cashback SBI Card
According to the information any Indian citizen can apply for ‘Cash back SBI card’ through the online platform’ SBI card SPRINT‘. According to the company, the contactless card is free with special offers in the first year till March 2023.
It comes with auto- credit of cashback facility
‘ Cashback SBI Card’ comes with auto- credit of cashback facility, which allows auto- credit of entitled cashback to SBI Card account within two days of statement generation.
Speaking at the launch Ram Mohan Rao Amara, MD & CEO of SBI card said that the cashback SBI card will further strengthen the core card portfolio of the company. Throughout our various initiatives we have carefully assessed cardholders affinity for online shopping and cashback.
He said that this SBI card is thoughtfully designed enables customers to avail cashback on every purchase, every time and everywhere and make the most of it during the upcoming Festive Season.
Cardholders can avail up to Four complimentary domestic airport lounge visit
The benefits of offered by the SBI card go well beyond its robust cashback features :
Cardholders can avail up to four complimentary domestic airport lounge visits per year ( one visit per quarter). The card also offers an additional 1% discount, which is valid for transaction amounts ranging from Rs 500 to Rs 3,000.
The maximum surcharge exemption limit is Rs 100 per billing statement for each card account.
Annual renewal?
The annual renewal charge of the card is Rs 999. No renewal charge will be levied on reaching an annual spend of Rs 2 lakh during the card subscription year.
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