Every SBI Card product we review, ranked on what they actually return rather than on the headline reward rate.
SBI Card cards compared
| Card | Annual fee | Effective return | Forex markup |
|---|---|---|---|
| SBI Cashback Credit Card | ₹999 | 4.2% | 3.5% |
| BPCL SBI Card Octane | ₹1,499 | 2.5% | 3.5% |
| SBI Card Unnati | Nil | 0.5% | 3.5% |
Effective return is a realistic blended reward rate, not the accelerated headline rate that applies only to selected categories. Cards are ranked by that figure, using a formula we publish.
Reading the table
The annual fee is a real cost and the effective return is not, until you spend enough for it to cover the fee. On this issuer the highest blended return sits on the fee-paying card, so the ranking flips at low spending levels — the best cashback credit cards comparison covers the same trade-off across issuers.
The forex markup is identical at 3.5% across all three cards here, and 18% GST applies to the markup. If you spend abroad, that line matters more than the reward rate; the forex markup calculator turns it into rupees.
Terms change without notice. Confirm the current figures with SBI Card before you act.
Sources
- SBI Card — Published card fee and reward schedules