HT Bureau
GUWAHATI, Sept 1: SBI Card announced the launch of ‘Cashback SBI Card’, the first-of-its-kind and the most comprehensive cash back credit card in India. Notably, this is an industry-first cashback-focused credit card that enables cardholders to earn 5% cashback on all online spending without any merchant restrictions. Targeted at customers across all categories, from mass to premium, the card offers a completely digital joining experience.
The contactless card is free for the first year till March 2023 as a special offer. Owing to its strong proposition, CASHBACK SBI Card customers will earn unlimited 1% cashback on all spending, and cashback will increase to 5% on all online spending for up to a maximum of Rs 10000 per monthly statement cycle.
Speaking on the launch Rama Mohan Rao Amara, MD & CEO, SBI Card said, “Cashback SBI Card will further strengthen our core card portfolio. This product is a fine example of our continuous efforts toward addressing customers’ evolving needs. During our diverse initiatives, we meticulously assessed the affinity of cardholders toward online shopping and cashback. In line, we thoughtfully designed the card that truly empowers customers to avail of the Cashback benefits on every purchase, every time, and everywhere. Launch of this unique card is at an opportune time as customers can experience its power every day and make the most during the upcoming festive season.”