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

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SBI Card Offers

ItsBetter

2023-03-31

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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.

575 Comments |

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https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182445

DEALSTER

2023-03-31

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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_9182935

Seinfeld

2023-03-31

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5947 mcc code sad

https://www.desidime.com/discussions/sbi-cashba...

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I_am_MrPerfect

2023-03-31

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Y posted under deals?

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182458

dlhntr

2023-03-31

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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_9182451

brucelee

2023-03-31

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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_9182484

Agnivo007

2023-03-31

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Yes, quick fix...

Gyftr, apay gv will be axed it seems... not to worry as have millennia.CC ready.

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abstract

2023-03-31

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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_9182938

curiosityfreak2020980

2023-03-31

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Was expecting they would devalue so didn't apply.

Nowadays all high rewards cards are short lived.

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ashish9312

2023-03-31

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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_9184728

DeciDeaim

2023-04-01

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I applied and got card yesterday grin

Only for the GC purchases

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182461

Simbha3

2023-03-31

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https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182487

Honeyyyyy1

2023-03-31

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New TnCs announced for cashback card
NO cashback for certain categories
Limit of cashback per month 5000rs Screenshot2023-03-31-12-56-42-57e2d5b3f32b79de1d45acd1fad96fbb0f

Screenshot2023-03-31-12-56-42-57e2d5b3f32b79de1d45acd1fad96fbb0f

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182494

Agnivo007

2023-03-31

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Woow...

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182506

pranavbcvd

2023-03-31

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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

MagicalChat

2023-03-31

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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_9182580

legend101

2023-03-31

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Yes

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182542

MagicalChat

2023-03-31

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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

Richer

2023-03-31

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Sad notification

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182574

Honeyyyyy1

2023-03-31

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yes, thanks to all persons who rotated money by seeing videos of some youtubers.. pensive 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_9182569

Shivam_Garg

2023-03-31

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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_9235807

logicfox

2023-04-27

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I already have a SBI Simply Click Card for along time. Did you apply and if so what are the requirements to apply for Cashback card?

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182597

Desidime User

2023-03-31

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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/devalue-of...

https://www.desidime.com/discussions/sbi-cashba...

https://www.desidime.com/discussions/revision-o...

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182752

Desidime User

2023-03-31

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another thread

https://www.desidime.com/discussions/sbi-cashba...

@Rosh_0007

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Ramram246

2023-03-31

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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

SARAVANA7

2023-03-31

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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

TheCommonMango

2023-03-31

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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_9182622

dlhntr

2023-03-31

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Quasi Cash means

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https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182620

Sudarshan61

2023-03-31

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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_9182630

Lonewolf101

2023-03-31

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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_9182856

Agnivo007

2023-03-31

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FD based secured card... or debit card if no hassle needed.

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182634

P_A_N_K_A_J

2023-03-31

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sab ko bahot dukh ho rha🥺 so many threads mourning the increase in the valuation of card profit(for sbi cards)

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182666

luckyemerald

2023-03-31

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https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182693

chunnumunnuannu

2023-03-31

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https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182740

PrasenN

2023-03-31

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Looks like by the time the 1st year complete, there wont be any need to continue with this card. Most of my large transactions didn't result in 5% CB

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182747

ami123

2023-03-31

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Where to find mcc code for transactions done?

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182753

PirateOfDeals

2023-03-31

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It says gift shops not gift cards??

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182861

Agnivo007

2023-03-31

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Don't worry, all GV buying tricks and professionals will stop with this card soon...

https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=2#post_9182781

TheCommonMango

2023-03-31

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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.