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SBI Card launches ‘cashback SBI Card’ in India

SBI Card launches 'cashback SBI Card' in India_50.1

Indian credit card issuer SBI Card has announced the launch of the ‘CASHBACK SBI Card’ in India. As the company claims CASHBACK SBI Card is the industry’s first Cashback-focused credit card that enables cardholders to earn 5 per cent cashback on all online spending without any merchant restrictions. Consumers across India, including tier 2 and 3 cities, can easily get CASHBACK SBI Card instantly through the digital application platform ‘SBI Card SPRINT’.

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Benefits of CASHBACK SBI Card:

  • Cardholders can avail of four complimentary domestic airport lounge visits per year (one visit per quarter) on the card.
  • “The card also offers a 1 per cent fuel surcharge waiver which is valid for transaction amounts ranging from Rs 500 to Rs 3,000, with a maximum surcharge waiver limit of Rs 100 per billing statement month for each credit card account.
  • The annual renewal fee of the card is Rs 999 plus applicable taxes. CASHBACK SBI Card users can enjoy renewal fee reversal on reaching the milestone of Rs 2 lakh annual spending during the card membership year. CASHBACK SBI Card is available on the VISA platform,”.

Important takeaways for all competitive exams:

  • SBI Card Headquarters: Gurugram, Haryana;
  • SBI Card Managing Director & CEO: Rama Mohan Rao Amara;
  • SBI Card Founded: October 1998.

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