Best SBI Credit Card

XY- Axis Education

16 Jan 202320:46

Summary

TLDRThe video provides a comprehensive overview of the SBI Cashback Credit Card, highlighting its benefits and features. Users can earn 5% cashback on monthly spends up to ₹10,000, with a flexible usage policy across various online platforms. Unlike other cards that limit cashback to specific merchants, the SBI card offers unrestricted online spending benefits. Additional perks include airport lounge access and a nominal annual fee that can be waived with sufficient spending. This card is particularly suited for everyday users, making it an attractive option for those who spend moderately but still seek valuable rewards.

Takeaways

😀 The SBI cashback credit card offers 5% cashback on monthly spending up to ₹10,000.
😀 Spending beyond ₹10,000 earns a lower cashback rate of 1% on the excess amount.
😀 This card is ideal for average users who typically spend less than ₹10,000 monthly.
😀 Heavy spenders on platforms like Amazon or Flipkart may benefit more from other specialized cards.
😀 The SBI card provides 5% cashback on all online purchases without retailer restrictions.
😀 Users enjoy airport lounge access, enhancing the card's travel benefits.
😀 There is no joining fee for the first year, making it accessible for new users.
😀 An annual fee of ₹99 applies but can be waived with an annual spend of ₹2,00,000.
😀 The card is positioned as a straightforward option for users seeking simple cashback rewards.
😀 Viewers are encouraged to subscribe and like the video if they found the information useful.

Q & A

What is the main benefit of the SBI Cashback Credit Card?
-The main benefit is the cashback offer, which provides 5% cashback on monthly spending up to ₹10,000, and 1% on any amount spent above that.
Is there a spending limit to receive cashback?
-Yes, to receive the maximum cashback of 5%, you should not exceed a spending limit of ₹10,000 per month.
What happens if my monthly spending exceeds ₹10,000?
-If you spend over ₹10,000, you will receive 1% cashback on the additional amount spent.
Are there any restrictions on where I can earn cashback with this card?
-No, there are no restrictions on earning cashback; you can use the card for purchases on any online platform.
What additional benefits does the SBI Cashback Credit Card offer?
-In addition to cashback, the card offers airport lounge access, fuel surcharge waivers, and has no joining fee.
What is the annual fee for the SBI Cashback Credit Card?
-The annual fee is ₹99, but it can be waived if you spend ₹2 lakh within the year.
Who is the ideal user for the SBI Cashback Credit Card?
-The ideal user is someone who spends around ₹10,000 monthly, as this card is tailored for average consumers rather than high spenders.
How many airport lounge accesses are provided with this credit card?
-The card provides access to four airport lounges per year.
Why might someone choose this card over others?
-Someone might choose this card for its straightforward cashback benefits without specific merchant restrictions, making it versatile for everyday purchases.
What should you do if you are a frequent high spender on platforms like Amazon or Flipkart?
-If you frequently spend large amounts on specific platforms, consider credit cards that offer higher cashback specifically for those merchants, such as the ICICI Amazon Credit Card or the Flipkart Axis Bank Credit Card.