SBI Cashback Card Devaluation 2026 – Hi friends, I hope you are enjoying the latest Free Recharge Tricks, Freebies, and Offers with Bigtricks. Today, we have another important update for credit card users, which is from SBI Card. If you regularly follow our Credit Card Reviews and Cashback Offers, this change is something you must know. SBI Cashback Credit Card has officially reduced its overall cashback cap and added new exclusions, impacting heavy online spenders directly.
If you are already using the SBI Cashback Credit Card or planning to apply, read the updated details carefully before your next billing cycle.Today I received the email about SBI Cashback credit card which is like
SBI Cashback Card Devaluation – What Has Changed?
The maximum cashback that can be earned in a statement cycle is now capped at ₹4,000 (Earlier ₹5,000).
New Cashback Structure:
1. Maximum ₹2,000 cashback at 5% on Online Spends.2. Maximum ₹2,000 cashback at 1% on Offline (POS) Transactions.3. Total Cashback per Statement Cycle capped at ₹4,000.
New Cashback Exclusions
Cashback will NOT be applicable on spends at:
• Digital Gaming Platforms (MCC 7993, 7994, 5816)
• Toll transactions (MCC 4784)
• Government-related transactions (MCC 9222, 9311, 9402)
• Utility payments
• Insurance payments
• Fuel transactions
• Rent payments
• Wallet loads
• School & Educational Services
• Jewelry purchases
• Railways
• Merchant EMI & Flexipay EMI transactions
How to Apply for SBI Cashback Credit Card
1. Click on the official apply link below.2. Fill in your personal and income details.3. Complete KYC verification.4. Submit documents and wait for approval.
Benefits of SBI Cashback Card (Still Useful?)
Even after devaluation, the card still offers:
• 5% cashback on eligible online spends (capped at ₹2,000).
• 1% cashback on offline transactions.
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• Simple cashback system (no reward points conversion).
• Direct cashback credited to the statement.
Important Points
• Cashback cap applies per statement cycle.
• Merchant Category Codes (MCC) are defined by card networks and may change.
• Always check eligible categories before making large transactions.
• Ideal for moderate online spenders.
Eligibility Criteria
• Indian resident aged 21+ years.• Stable income source.• Good credit score preferred.• Approval subject to SBI Card internal policies.
FAQs
What is the new cashback limit?
The total cashback is capped at ₹4,000 per statement cycle.
Is 5% online cashback removed?
No, 5% cashback still applies but is capped at ₹2,000 per cycle.
Is cashback applicable on utility & insurance?
No, these categories are excluded from cashback benefits.
Conclusion
SBI Cashback Card Devaluation 2026 is a significant update for heavy online shoppers. While the card remains decent for moderate spending, the reduced cap and additional exclusions make it slightly less attractive compared to earlier benefits.
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