https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182418
High Devaluation Per Month CB limit Capped to 5K....No Lounge access
SBI cashback card benefits revised w.e.f 1st may 2023
- 60808
- 537
-
- Last Comment
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
- Groups
-
Finance
-
Credit Card
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
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182442
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
https://imgur.com/a/1tnz5Lk
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182445
Where does it mention giftcards are not eligible?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182447
Y posted under deals?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182451
Looks like they just ran a query at their transaction database - select total 20 from txns group by mcc order by amount desc. and removed benefits.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182452
Just got it 1 week ago 😕
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182453
Glad was about to apply now won't
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182458
I_am_MrPerfect wrote:Y posted under deals?
Everyone is not Mr.Perfect Like you
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182461
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182484
brucelee wrote:Looks like they just ran a query at their transaction database - select total 20 from txns group by mcc order by amount desc. and removed benefits.
Yes, quick fix...
Gyftr, apay gv will be axed it seems... not to worry as have millennia.CC ready.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182487
New TnCs announced for cashback card
NO cashback for certain categories
Limit of cashback per month 5000rs
NO cashback for certain categories
Limit of cashback per month 5000rs
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182488
ashb009 wrote:Topic number 1557255 https://desidime.com/discussions/sbi-cashback-devaluation-from-1st-may by @Knight11@admin please merge all threads into this, too many devaluation discussions.
Topic number 1557256 https://desidime.com/discussions/sbi-cashback-card-devaluation-has-begun-1-april-2023 by @ashb009
Topic number 1557259 https://desidime.com/discussions/sbi-cashback-card-capped-at-5000-per-billing-cycle-now-effective-1st-may by @cherukuri415581
Topic number 1557263 https://desidime.com/discussions/sbi-cashback-card-devaluation by @legend101
Topic number 1557264 https://desidime.com/discussions/revision-of-benefits-on-cashback-sbi-card-20b1dc59-6709-423a-b41c-0ad210cbb18f by @pjain2712
Topic number 1557266 https://desidime.com/discussions/devalue-of-sbi-cashback-card by @harshmehtaa
Topic number 1557269 https://desidime.com/discussions/revision-of-benefits-on-cashback-sbi-card-a1d54789-1ddd-4033-960d-883bd621fbd3 by @bankipad
Dafaq mates! All of you in the same messenger app group?
Similar topic within 3½-4 minutes of each other!!
(With @Knight11 posting it just a bit earlier than @ashb009 👍🏼)
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182494
Woow...
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182506
How to know mcc codes of any merchant before payment
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182515
Does that mean. Cb from gyftr will not be eligible ?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182542
Its time for SBI to loot us now !!!
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182552
Sad notification
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182569
Did vkyc yesterday already having simplyclick
Should i take cashback card and close simplyclick???
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182574
Richer wrote:Sad notification
yes, thanks to all persons who rotated money by seeing videos of some youtubers.. 
I had just got the card one month back..hope this 5000 limit doesn't end also due to these persons
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182580
MagicalChat wrote:YesDoes that mean. Cb from gyftr will not be eligible ?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182597
There are so many threads. pls merge @Rosh_0007 @MJ911
https://www.desidime.com/deals/sbi-benefits-rev...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/revision-o...
https://www.desidime.com/discussions/benefits-o...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/devalue-of...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/sbi-cashba...
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182600
so why is it for then
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182606
Applied on Feb still pending,how to cancel ✖️
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182616
SBI Cashback credit card major devaluation! 🚨
Card, Gift, Novelty & Souvenir Shops and Member Financial Institution/Quasi Cash.?
No cashback on Amazon gift card (Gyftr)😞
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182620
Loot lo for 1 more month..🤑
Expected to happen. SBI can't survive with 5% cashback.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182622
TheCommonMango wrote:Quasi Cash meansSBI Cashback credit card major devaluation! 🚨
Card, Gift, Novelty & Souvenir Shops and Member Financial Institution/Quasi Cash.?No cashback on Amazon gift card (Gyftr)😞
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182630
Which card is best for beginners?? I don't have a cibil score.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182634
sab ko bahot dukh ho rha🥺 so many threads mourning the increase in the valuation of card profit(for sbi cards)
Click here to reply
Reply
![boAt Storm 1.3" CurvedDisplay Smartwatch (Black Strap, Regular) [ For Flipkart Firedrops Users]](https://cdn1.desidime.com/topics/photos/1654921/medium/-original-imagbnnrs7ngq8w6.jpeg?1695574890)
![Paytm Flat 15 Cashback of minimum recharge of 15 or more [May be Bug]](https://cdn0.desidime.com/topics/photos/1654933/medium/paytm_logo.png?1695578608){kind=logo}
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.
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%.
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.