SBM Bank India
SBM Bank Cashback Credit Card
Cashback Mastercard with high rewards on grocery and dining
₹1,000/yr annual fee · 5x rewards
By FinWiz24 Research Desk · Last reviewed · How we review
FinWiz24 Research Desk
Verified independently against issuer Terms & Conditions
Editorial Team
-
Best for
- Cashback seeker
- Grocery shopper
- Dining enthusiast
-
What we like
- 5% cashback on grocery and dining
- 2% cashback on retail
- Foreign-bank trust
-
Watch out for
- ₹1,000 non-waiver joining fee
- Cashback capped at ₹1,000/month
- Standard 3.5% forex markup
Annual fee
₹1,000/yr
Reward rate
5x
Min. income
₹4,00,000
Forex markup
3.5%
Lounge access
None
Eligibility
₹4 lakh/yr · CIBIL 720+
Reward cap
Cashback capped at ₹1,000/month on grocery
Welcome benefit
₹1,000 Flipkart voucher on annual spends ≥ ₹1,50,000; ₹2,500 voucher on ≥ ₹3,00,000.
SBM Bank Cashback Credit Card review: cashback Mastercard with high cashback on grocery, dining, and utility bill spend, fuel surcharge waiver, and milestone vouchers for foreign-bank customers.
Who is this for
- Cashback seeker
- Grocery shopper
- Dining enthusiast
What we like
- 5% cashback on grocery and dining
- 2% cashback on retail
- Foreign-bank trust
Watch out for
- ₹1,000 non-waiver joining fee
- Cashback capped at ₹1,000/month
- Standard 3.5% forex markup
Issuer
SBM Bank India is an RBI-regulated entity. See RBI's Master Directions on Credit Cards for the regulatory framework.
Fees and charges
| Fee | Amount | Waiver |
|---|---|---|
| Joining fee | ₹1,000 | Not waivable |
| Annual fee | ₹1,000 | Waived on annual spends ≥ ₹1,50,000 |
| Renewal fee | ₹1,000 | Waived on annual spends ≥ ₹1,50,000 |
| Forex markup | 3.5% | Not waivable |
| Late payment | ₹1,000 | Not waivable |
| Cash advance | 2.5% of amount | Not waivable |
| Fuel surcharge | 1% | 1% surcharge waived on fuel transactions between ₹400 and ₹4,000 |
Rewards
| Spend category | Rate | Cap | Redemption |
|---|---|---|---|
| GROCERY | 5% cashback on grocery and dining; 2% cashback on retail; 1% cashback on utility & insurance | Cashback capped at ₹1,000/month on grocery | Auto-credit to statement |
| DINING | 5.00 | Not explicitly stated | 1.00 |
| All spends | 2.00 | — | 1.00 |
Benefits
-
5% Cashback on Grocery Highlight
5% cashback on grocery and dining spend (max ₹1,000/month).
-
2% Cashback on Retail
2% cashback on all other retail spend.
-
Fuel Surcharge Waiver
1% surcharge waiver on fuel transactions between ₹400 and ₹4,000.
-
Milestone Vouchers
₹1,000 Flipkart voucher on annual spends ≥ ₹1,50,000; ₹2,500 voucher on ≥ ₹3,00,000.
Eligibility
- Age
- 21–65 years
- Min. income
- ₹4,00,000
- Min. credit score
- 720+
- Score note
- Good credit card required
- Employment
- Salaried, self-employed
- Documents
- PAN, Aadhaar (DigiLocker sufficient), salary slip / ITR for self-employed
SBM Bank Cashback Credit Card is the cashback Mastercard from SBM Bank India. It targets cashback seekers with high cashback on grocery and dining spend.
Fees and rewards
- Joining fee: ₹1,000 (non-waiver)
- Annual fee: ₹1,000, waived on annual spends ≥ ₹1,50,000
- Rewards: 5% cashback on grocery + dining; 2% on retail
- Forex markup: 3.50%
Cashback benefits
- 5% cashback on grocery and dining (max ₹1,000/month)
- 2% cashback on retail spend
- ₹1,000 milestone voucher on ₹1.5 lakh spend; ₹2,500 on ₹3 lakh
- 1% fuel surcharge waiver
Eligibility
Minimum annual income ₹4,00,000 (salaried) / ITR-based for self-employed. Good credit score required.
Card data is compiled from the issuer’s published fee schedules. Last reviewed 2026-09-26.
Step-by-step application guide: Read the SBM Bank Cashback Credit Card apply walkthrough →
Apply for SBM Bank Cashback Credit Card
Last reviewed · How we review
FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.
You may also like
Cards with similar benefits, rewards, or eligibility requirements.
Frequently asked questions
Is the SBM Bank Cashback Credit Card worth it?
What is the annual fee for the SBM Bank Cashback Credit Card?
How does the SBM Bank Cashback Credit Card reward rate work?
What are the eligibility requirements for the SBM Bank Cashback Credit Card?
Does the SBM Bank Cashback Credit Card offer airport lounge access?
← All credit cards · All SBM Bank India cards · All Mastercard cards
Disclaimer: Card details are based on publicly available issuer schedule of charges. Eligibility and approval are at the issuer’s sole discretion. FinWiz24 does not guarantee card approval or specific terms. Always read the issuer’s terms and conditions before applying.
FinWiz24 may earn a commission from issuer referral links, at no extra cost to you. Our editorial content is independent and not influenced by compensation.