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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.
Top Comments
Deal Subedar Deal Subedar
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Banks typically indicate the MCC (merchant category code) of merchants who do not qualify for reward points or cashback. However, Normal credit card users may not be able to identify a merchant's MCC prior to making a payment. Therefore, it would be helpful if the MCC was displayed on the OTP page for customer convenience.

The RBI should consider the importance of customers knowing the MCC of a merchant before making a payment. We suggest that all banks display the MCC of the merchant on the OTP page for online transactions. For offline merchants, the MCC could be displayed on the POS machine, which would be visible to customers.

For the convenience of their customers, it is recommended that HDFC_Bank, the largest private sector bank in India, along with the top three credit card issuers, SBI Card, ICICIBank and Axisbank, step forward and implement this.

Talk-Of-The-Town Talk-Of-The-Town
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TanhaDiL wrote:

I really wonder now after removal of 'utilities' as well..


AAKHiR BACHA KYAA??


Translation: Is there literally any usage which'll fetch 5% CB?

Depends on your usage.

I can still use it for (unless some other better >5% cc offer) :
  • online medicine purchases. 
  • Ajio
  • Forex txns
  • Lenskart
  • OTT payments
  • Amazon/ FK/ Myntra/ Zomato/ Swiggy/ Uber/ Ola etc etc etc..
Too long to list the useful Places to for this card.

Also your major gripe seems to be the removal of "utilities", it was already giving just 1%, I wonder why in the first place were you using this card on utilities for just 1%.
Deal Subedar Deal Subedar
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At least SBI has learnt to implement guidelines now, maybe after RBI pressure, proper PDF and 30 days gap is given for this change. 

Before SBI used to give general common T&C link, now link to a PDF like Axis does. 

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Deal Lieutenant Deal Lieutenant
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Whatever comes, like just paytm or one97 comms , sbi otp sms seems to round it off to "paytm", game over for this route?

Deal Subedar Deal Subedar
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Agnivo007 wrote:

Whatever comes, like just paytm or one97 comms , sbi otp sms seems to round it off to "paytm", game over for this route?

Yeah seems so, will confirm tomorrow

Deal Lieutenant Deal Lieutenant
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Now getting "one97 communications" on otp page and sms, shall that give 5%? Not rounded to "paytm" like before in otp sms...

Deal Subedar Deal Subedar
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Agnivo007 wrote:

@alokt26 Any update?

Txn made on paytm on 5th May didn't settle today. Should settle by tomm morning.
Deal Lieutenant Deal Lieutenant
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10250 cashback credited in statement

Deal Lieutenant Deal Lieutenant
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insta wrote:

Which gv

Merchant name on otp and after settlement?

Most probably one97 comms / paytm ecommerce
Let him confirm...
Generous Generous
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Are we getting 5% cashback on Magicpin? 

Deal Newbie Deal Newbie
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Just for information, I have purchased flipkart voucher using flipkart coins and sbi cashback card. It was showing merchant name "QWIKCLIVER SOLUTION" and didn't receive any cashback for this transaction.

Deal Subedar Deal Subedar
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insta wrote:

Which gv

Merchant name on otp and after settlement?

Swiggy gv. Merchant name in otp sms was "Paytm", and after settlement was "Paytm Noida IN".

@Agnivo007

Deal Subedar Deal Subedar
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I also received 5% cashback today for buying FK GV on Paytm. Merchant was Paytm and Paytm Noida IN on OTP page and sbi app respectively

Deal Lieutenant Deal Lieutenant
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achilles1201 wrote:

Just for information, I have purchased flipkart voucher using flipkart coins and sbi cashback card. It was showing merchant name "QWIKCLIVER SOLUTION" and didn't receive any cashback for this transaction.

Yes, better use simplyclick for 1.25%, it is tagged as education/gv purchase mcc.
Deal Lieutenant Deal Lieutenant
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alokt26 wrote:

Swiggy gv. Merchant name in otp sms was "Paytm", and after settlement was "Paytm Noida IN".

@Agnivo007

I didn't receive any cb for same "paytm" for buying FK gv 5 days ago... looks like MCC pushed is dynamic.
Deal Subedar Deal Subedar
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Agnivo007 wrote:
I didn't receive any cb for same "paytm" for buying FK gv 5 days ago... looks like MCC pushed is dynamic.

Ohh, Paytm txns will be risky then

Generous Generous
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achilles1201 wrote:

Just for information, I have purchased flipkart voucher using flipkart coins and sbi cashback card. It was showing merchant name "QWIKCLIVER SOLUTION" and didn't receive any cashback for this transaction.

Yes if u buy using sc then merchant name is qwikcilver, so no cb for that

Deal Newbie Deal Newbie
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I have successfully referred this card to one person in February but didn't receive any cashback/ amazon voucher (500 Rs). It is showing status "application approved" in referral section. Already raised two tickets for this in sbi card app but all in vain. What could be better way to approach customer care in this case ?

Deal Lieutenant Deal Lieutenant
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@achilles1201 They do within 60 days or at least the statement to be generated for the referral...

Deal Newbie Deal Newbie
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anyone tried education fees payment via cred this month? how much cb it's giving?

Deal Newbie Deal Newbie
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ami123 wrote:

10250 cashback credited in statement

Dukkandar ho kya itna cashback kase aa gya 🤔🤔

Deal Newbie Deal Newbie
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But the limit is 5k, how come he got 10k?

Deal Cadet Deal Cadet
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Some of the Gift card purchased through Paytm no longer fetching 5%.

Transaction being tagged as social so not even fetching 1%

Deal Subedar Deal Subedar
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If I book flight ticket on Amazon using SBI Cashback Card, will I get 5% cashback ?

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