Hot Deal
Saraswat RuPay Credit Card - 20% Cashback upto Rs.100 on the month's first utility bill payment (Gas, Electricity, Telecom, DTH)

Saraswat RuPay Credit Card - 20% Cashback upto Rs.100 on the month's first utility bill payment (Gas, Electricity, Telecom, DTH)

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The PostMighty
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https://www.saraswatbank.com/content.aspx?id=Utilitybilloffers
This offer has been officially renewed for the third year in a row now.

Offer Details

  1. Cashback of 20% on utility bill amount, upto Rs. 100/-.
  2. On the first utility bill paid by credit card holders, every calendar month, during the period 1st April 2024 to 31st March 2025.
  3. Utilities – Gas / Electricity / Telecom / DTH

The availability of the offer is based on the following criteria
1. Offer is valid to all credit card holders in this period.
2. Transactions through wallets using credit card are not eligible for the offer. E.g. PAYTM
3. The offer will be valid for transaction made from mobile app and web portal of the respective utility vendors.

4. The transaction may be feasible on the app or portal as per the payment gateways.
5. The cash back will be credited to card statement in the subsequent billing cycle.


FAQs -
1. How to get this card?
The card is available to only existing Saraswat customers with a FD / Savings Account and has a completely offline application process. The bank has branches only in Maharashtra, Karnataka, Goa, Gujarat, Madhya Pradesh and Delhi.

2. Why to get this card?
There is no good reason besides this offer. The reward rate is 0.25%, the reward points expire within a year and you need over 1100 pts to redeem (and there's a convenience fee for that too). In short, your points are as good as junk.

3. Is the card LTF?
The secured version (i.e. backed by an FD) is LTF. The unsecured version has an annual spend based waiver of Rs 10k otherwise you'll be charged Rs 500 + GST.

Previous year's deal listings which talk more about this card and this offer -

2023 -
https://www.desidime.com/deals/saraswat-rupay-credit-card-20-cashback-upto-rs-250-on-the-month-s-first-utility-bill-payment-gas-electricity-telecom-dth
2022 -
https://www.desidime.com/deals/saraswat-bank-rupay-credit-card-20-on-utility-bill-amount-upto-rs-250-month-102fe912-c7d1-42be-83ed-010aba173ec3

I have been utilizing the offer for over a year now and the cashback has posted within 20-40 days without fail.
There tends to be a small surcharge (1%) from the utility provider in some cases.

To get the maximum benefit the payment should be Rs 1250. Anything above that and the percentage savings go below 20%. Anything under that and you are letting go off the Rs 250 threshold since it works only for the first utility bill payment of the month.

On a related note, Google Pay is showing Saraswat Bank Credit Card under Link RuPay Credit Card on UPI but the integration is still a work in progress with Saraswat probably not having loaded the phone numbers and card numbers as yet from their end. No other UPI app shows Saraswat as an option.

Expiring In 9 months

Deal Wiki

Top Comments
Finance Ninja Finance Ninja
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@dexter_greycells add Saraswat RuPay Credit Card pic on post title. Cool lagta hai.

dsre

The PostMighty The PostMighty
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Update -
The cashback has now been reduced to Rs 100, down from Rs 250. I am unable to edit the title or the original post.

Saraswat Bank has sneakily updated the offer to 20% upto a maximum of Rs 100 a month, down from Rs 250 a month as was the case the last 2 years. So, now, a bill payment of Rs 500 is the ideal amount to use this card for.

25 Comments  |  
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Savings Mentor Savings Mentor
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Let us know please when you are able to link it to UPI

The PostMighty The PostMighty
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Not yet. I check daily and update that thread whenever there is a new error or progress.
Finance Ninja Finance Ninja
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main-qimg-06bc130c208d1bcb2093a6bf09937ca9-lq

Savings Mentor Savings Mentor
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Monica!!!! Abhishek!!!!
Finance Ninja Finance Ninja
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@dexter_greycells add Saraswat RuPay Credit Card pic on post title. Cool lagta hai.

dsre

The PostMighty The PostMighty
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I swear I did add it. You made this observation last year and I was determined to address it this year. Desktop site has some issue, I guess.

Edit : Edited the post from mobile and was able to update the image now.

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Deal Cadet Deal Cadet
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How to apply for this card?

Analyst Analyst
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Read the thread fully, its mentioned in there

Deal Newbie Deal Newbie
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How to apply for this card

Finance Ninja Finance Ninja
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Read the thread.
Benevolent Benevolent
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Is it LTF?

Finance Ninja Finance Ninja
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Yes.
Deal Newbie Deal Newbie
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Any good ltf rupay cc

Deal Newbie Deal Newbie
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Screenshot2024-05-11-17-40-02-800com.android.chromeCashback cap reduced to 100rs. Now it is 20% upto 100rs only.
Kindly change the title and description accordingly.
Not a good card anymore!!
Deal Hunter Deal Hunter
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@some1anywhere

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Savings Mentor Savings Mentor
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OH MY GAWD this also got devalued 😱💩😥 Yes got just ₹100 in May. Time to close this card and get a dozen more RuPay Platinum DEBIT cards. Revenge by @some1anywhere 😂

Finance Ninja Finance Ninja
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This is LTF Card na ? just keep it.
View 4 more replies
The PostMighty The PostMighty
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Update -
The cashback has now been reduced to Rs 100, down from Rs 250. I am unable to edit the title or the original post.

Saraswat Bank has sneakily updated the offer to 20% upto a maximum of Rs 100 a month, down from Rs 250 a month as was the case the last 2 years. So, now, a bill payment of Rs 500 is the ideal amount to use this card for.

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