This was just updated on the website review. Below is the logic.
SBI Cashback credit card does not give an exact cashback of 5% on spends. The calculation is a little different. The cashback is calculated at 5% for eligible online transactions. Each of these is then rounded down to the nearest integer. For example, if you spend Rs 2345 on a transaction and are eligible for 5% cashback, then:
- 5% of Rs 2345 is Rs 117.25
- This is rounded down to Rs 117
- The cashback for each transaction is calculated individually to arrive at the total cashback to be credited