SBI Card launches ‘cashback SBI Card’ in India

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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