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SBI cashback card benefits revised w.e.f 1st may 2023

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SBI cashback card benefits revised w.e.f 1st may 2023

Dear Cardholder, benefits on your CASHBACK SBI Card will be revised w.e.f. 01 May'23. For details, click https://sbicard.com/Cashba...rd - SBI Card

REVISION OF BENEFITS ON CASHBACK SBI CARD
With effect from 01 May 2023, following changes will be applicable on your
CASHBACK SBI Card:
A. Below categories will not be eligible for Cashback benefit, apart from existing exclusions:
The Merchant Category Codes are defined by the Networks and are subjected to change basis
their discretion and such changes shall be implemented basis communication from the
Networks without any requirement forintimation/information to the customers.
B. Maximum Cashback that can be earned on online & offline spends in a statement cycle will
be capped at `5000.
C. Complimentary Domestic Airport Lounge benefit will be discontinued.

For more details and other Terms and Conditions, please visit sbicard.com
Category Merchant Category Code (MCC)
Jewelry
School & Educational Services
Utilities
Insurance Services
Card, Gift, Novelty & Souvenir Shops
Member Financial Institution/Quasi Cash
5051, 5094, 5944, 7631
5111, 5192, 5942, 5943, 8211, 8220, 8241, 8244,
8249, 8299, 8351
4814, 4900, 9399, 4816, 4899
5960, 6300, 6381
5947
6011, 6012, 6051
Railways 4011, 4112

Expired
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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Benevolent Benevolent
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IMG20230331123231

Deal Baba Deal Baba
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There we go guys, major change is capping has been reduced to 5000 per month.Screenshot20230331-123328

Deal Cadet Deal Cadet
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Recieved SMS from SBI, as per that : 

  • Gift Cards are not eligible from may 1st 2023 for any Cashback benefit.
  • Cashback is Capped at 5000 per Month ( max spend for 5% is 2Lakh per month) 
  • no Cashback on Railways ( irctc website) and no cashback on Utilities payment for Specific MCC code. 
  • No Cashback on Purchase of gold ( previously 1%)

Dear Cardholder, benefits on your CASHBACK SBI Card will be revised w.e.f. 01 May'23. For details, click https://sbicard.com/Cashba...rd - SBI Card

Screenshot2023-03-31at12.33.37PM

Deal Cadet Deal Cadet
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Just got the message.. looks They reduced cb to 5k now.

Deal Newbie Deal Newbie
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With effect from 01 May 2023, following changes will be applicable on your CASHBACK SBI Card:

A. Below categories will not be eligible for Cashback benefit, apart from existing exclusions:

Jewelry
School & Educational Services
Utilities
Insurance Services
Card, Gift, Novelty & Souvenir Shops
Member Financial Institution/Quasi Cash
Railways

B. Maximum Cashback that can be earned on online & offline spends in a statement cycle will
be capped at `5000. 

C. Complimentary Domestic Airport Lounge benefit will be discontinued.
Deal Lieutenant Deal Lieutenant
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Here it is, from 1st may, sbi card devaluation applicable.

Max cashback per month reduced to 5,000 per month.
No points for Jewellery, Education, Utilities, Insurance, Gifts, Cards, Railways.
Earlier we still got 1% instead of 5% for same.

Screenshot20230331123213Drive

Deal Cadet Deal Cadet
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So giftcards come under 5947 ?

Generous Generous
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YesScreenshot20230331-124717

View 3 more replies
Benevolent Benevolent
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Now we need another cashback category thread 😅. Utilities is okay, it was anyway 1%. Railway and Education fee is also understandable.

But Who knows what all this Card, Gift, Novelty & Souvenir Shops mcc of 5947 means😅.

Cool Cool
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@Knight11 is this card giving cashback on purchasing giftcard like Amazon? Percentage?

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Deal Newbie Deal Newbie
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SBI

Deal Newbie Deal Newbie
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image

Deal Cadet Deal Cadet
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1st Phase: Cashback capped at 5000 rs. Domestic lounge deactivated. Gyftr gift cards, prepaid cards are discontinued. Jewelleries, utility, insurance, railways 0% cashback. 

Cards misuser can be reported to SBI online portal. They will be banned with immediate effect.


Wingman Wingman
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flushed
Deal Cadet Deal Cadet
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Now Cashback is also capped at 5000

Deal Cadet Deal Cadet
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Thanks , Updated the Post.
Post Emperor Post Emperor
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SBI cashback card revised benefits from May 1st 2023


No cashback for Jewellery, School and Educational Services, Utilities, Insurance Services, Gift Card, Novelty Shops, Financial Institutions and Railways

Cashback per month limited to Rs.10000 to Rs. 5000 per month
No more joy

Screenshot2023-03-31-12-32-36-85e2d5b3f32b79de1d45acd1fad96fbb0fWhat everyone feel?
My huge miss was jewellery purchase and education payments.
Deal Subedar Deal Subedar
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jewellery payment online?
View 3 more replies
Firestorm Firestorm
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I was going to post it

Deal Baba Deal Baba
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@admin please merge all threads into this, too many devaluation discussions.

Generous Generous
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Screenshot20230331-123843
Helpful Helpful
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Just hoping that Amazon GC will earn 5%

Firestorm Firestorm
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No where it's written gyft gift cards. Also its from 1st May 23.

Flame Flame
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At least we have a month to loot wink wink
Deal Subedar Deal Subedar
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Starting from 1 May 2023

Post Mogul Post Mogul
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Major devaluation..cashback capped at 5000. No cashback on Eduction fees and giftcard

Talk-Of-The-Town Talk-Of-The-Town
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Repost : https://ddime.i...6l

Deal Subedar Deal Subedar
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Dear Cardholder, benefits on your CASHBACK SBI Card will be revised w.e.f. 01 May'23. For details, click https://sbicard.com/Cashba...rd

Picsart23-03-3112-37-20-860

- SBI Card

SBI Cashback credit card major devaluation! 🚨
Full details- SBI Card has recently announced significant alterations to its cashback credit card benefits effective from 1st may, 2023
The changes are as follows:
1. There will be no cashback available for the subsequent categories: Jewelry, School and Educational Fees, Utilities, Insurance, Railway, Card, Gift, Novelty & Souvenir Shops and Member Financial Institution/Quasi Cash.
2. The maximum cashback for both online and offline expenditures will be limited to Rs. 5000 per statement cycle.
3. There will be no free access to domestic airport lounges.
Deal Subedar Deal Subedar
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How we can get maximum benefits of Cashback on various types of transactions?

Entertainer Entertainer
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No cashback means not even 1% ? Or just the higher 5%

Deal Newbie Deal Newbie
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It's clear say no cashback it's not that hard to understand 😉

Deal Cadet Deal Cadet
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High Devaluation Per Month CB limit Capped to 5K....No Lounge access

Deal Cadet Deal Cadet
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http://www.sbica...om SBI CASHBACK Card devalued, Max CB capped at 5000, no cb for jewellery, gift card, insurance, govt.trns, financial trns. 
https://imgur.com/a/1tnz5Lk
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