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State Bank of IndiaVisa / Mastercard • Mid-Tier Tier Source Verified

Cashback SBI Card Fees & MITC Charges

The gold standard of universal online cashback: 5% flat cashback across almost all online merchants without portal restrictions.

SBI Card
VISA

CASHBACK

•••• •••• •••• 2026

Mid-Tier
Joining Fee
₹999
+ 18% GST on issuance
Annual Renewal Fee
₹999
Total billed: ₹1,179 incl. GST
Annual Fee Waiver Spend
₹2,00,000
Waived upon reaching annual spend
Forex Markup Fee
3.5%
Effective 4.13% incl. GST

Airport Lounge Access Policy (2026 Update)

Domestic Lounge Allowance:No complimentary access
International Lounge Allowance:None
Quarterly Spend Condition:Unconditional (No spend requirement)

Official Rule: No complimentary airport lounge access is provided on this card.

Surcharges & Utility Caps

Fuel Surcharge:1% waiver on transactions between ₹500 and ₹3000 (up to ₹100/month).
Utility Spends:1% surcharge applies on cumulative monthly utility bill payments exceeding ₹50,000.

Key Strengths

  • •5% flat online cashback without merchant restrictions (up to ₹5,000/month)
  • •Cashback automatically credited to card balance (zero manual redemption hassle)
  • •1% flat cashback on all offline spends

Limitations & Drawbacks

  • •Zero airport lounge access
  • •Excluded categories: Rent, Utility, Wallet Loads, School Fees, Jewelry
  • •3.5% foreign currency transaction fee
Source Provenance
Primary Authority Document:Official Issuer Most Important Terms & Conditions (MITC)
Last Verified Date:2026-08-21
Regulatory Compliance:RBI Master Direction – Credit Card and Debit Card Issuance and Conduct Directions
View Official Bank MITC Apply on Official Bank Website →

Related Intelligence Tools

• Calculate Your Net Value for this Card →• Check Airport Lounge Spend Criteria →• Compare with 0% Forex Cards →• Decode Credit Card Statement Charge →

Questions about Cashback SBI Card charges

What is the annual fee for Cashback SBI Card?

The annual fee for Cashback SBI Card is ₹999 + 18% GST (total ₹1179). It can be waived by spending ₹2,00,000 in the preceding card anniversary year.

What is the foreign currency (forex) markup on Cashback SBI Card?

Cashback SBI Card charges a 3.5% foreign currency markup fee + 18% GST on all non-INR currency transactions and foreign merchants.

Does Cashback SBI Card offer airport lounge access in 2026?

Cashback SBI Card does not offer complimentary domestic airport lounge visits.