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Sbi card devalued again. No rewards on government spends.

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Pro Entertainer
tappukepapa

Dear Cardholder,

We thank you for your continued patronage and hope that you are having a pleasant and rewarding experience using your credit card.

At SBI Card, we are truly committed towards building relationship based on trust and transparency. With this endeavor, we are sending across this communication to inform you about important update regarding your card.

Please note:

Accrual of Reward Points on Govt Related transactions with your credit card will be discontinued, with effect from 1 June 2024.

Government related transactions shall be identified under Merchant Category Codes (MCC) 9399 and 9311, on best effort basis. The MCCs are defined by the network partners and are subject to change basis their discretion and such changes shall be implemented basis communication from the networks without any requirement for intimation/information to the customers.

Note : People who need to make tax payments should make use of their cards to earn points before the end the month.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Deal Captain Deal Captain
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@abhishek012 ispe jara prakash daliye aur hame bataye ki hme isse kitna nukshan hua h grin grin

Pro Entertainer Pro Entertainer
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Kal au devalued hua tha, aaj sbi. Sab iski wajah se ho raha hai

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Deal Subedar Deal Subedar
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hmm i thought SBI cards never gave rewards for Govt spends for quite some time.. interesting

Deal Subedar Deal Subedar
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Literally opened DD to post this.

Truly disappointing! Only thing that made simplyclick worth having.

People who need to make tax payments should make use of their cards to earn points before the end the month.

Can you edit the post to include the message? Would be helpful for people.

Pro Entertainer Pro Entertainer
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Added, thanks

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Benevolent Benevolent
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Kounse govt website pe aap spend kar rahe thai

Deal Captain Deal Captain
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Got rid of this card for SBI cashback card + a low fee waiver SBI BPCL (for sbi card offers)  almost 10 months back

Cool Cool
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Any credit card in which no annual fee charged?

Deal Subedar Deal Subedar
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SBI cards have no policy of LTF from start, but they convert to LTF based on 2 things

a) if you have spent a lot and request from customer care

b) if you have other low tier cards within SBI and request showing that you have other high variant cards and use those more now and the customer care will make the low tire cards LTF that time

hmm well there is LTF cards outside SBI Cards

1) Axis Neo

2) Axis Myzone 

3) lot of FD Credit cards

4) HDFC Money Back card (for certain HDFC Bank account holders who wait)

5) AU has ixigo card lifetime

6)...... 


ah


ah let me create a post for this, then we can get some inputs:)

CREDIT CARD -> LTF Life Time Free "Credit Card" List - Please add what you know will keep this list updated | DesiDime


created smile

Finance Ninja Finance Ninja
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maza-nahi-aa-raha-hai

Helpful Helpful
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HDFC Millennia Pr 5% CB Nhi Aaya Iss Month Amazon GIft Buy Kiya Tha Amazon Se...Or Kitna Maza Lega Bhai...

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Wingman Wingman
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devaluations came, come and comming......

Finance Mentor Finance Mentor
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I'm submitting a closure request for SClick, I think it it applicable for that card, right?

Or shall ask for a downgrade to BPCL? Already have CB card...

Pro Entertainer Pro Entertainer
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Go for downgrade if you needs card for bank discount offer.

Deal Newbie Deal Newbie
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I am do govt spends post 1 June, will it still be considered against milestone/Annual Fee Waiver

Pro Entertainer Pro Entertainer
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I think it will be considered as milestone but not for rewards.

replyuser
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