https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182666
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
- Groups
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Finance
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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=3#post_9182693
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https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182740
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=3#post_9182747
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=3#post_9182752
I_AM_5RAV5 wrote: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...
another thread
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182753
It says gift shops not gift cards??
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182781
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.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182791
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182802
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.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182809
We now need a new website / app that has amazon pay vouchers, accepts credit card as payment option to buy & has mcc other than 5947
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182811
MagicalChat wrote:We now need a new website / app that has amazon pay vouchers, accepts credit card as payment option to buy & has mcc other than 5947
Intermiles
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182813
There removed lounge access also 🥴🥴
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182817
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182820
Now they should also remove fees from this card
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182828
2ne phase of SBI cashback devaluation will be capping of cashback of 1000 per month with no sale offer ever.
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182843
I_AM_5RAV5 wrote:Merged.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=3#post_9182845
I_AM_5RAV5 wrote: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...
Deleted
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182846
Any way to know mcc for transaction done?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182856
Lonewolf101 wrote:FD based secured card... or debit card if no hassle needed.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=3#post_9182860
So what's the best next card ? For the aforementioned categories?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182861
PirateOfDeals wrote:Don't worry, all GV buying tricks and professionals will stop with this card soon...It says gift shops not gift cards??
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182873
Bhai, apna astrology degree ka PDF post karo... 😂
Aise mat bolo... "I think", "might be" use karna, theek lagega...
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182878
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182890
all of this devaluation is fine, just they should make this card eligible for the entire offer of the sale on amazon /Flipkart (10%), rather than giving 5% cash back at later date. I have axis flipkart LTF, amazon icici, and now tata neu infinity LTF.. why will I keep a paid cashback card now that too with a monthly cap of just 5k?
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182897
Right this deal is so big
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182898
They decline my card.. I am 
https://www.desidime.com/discussions/sbi-cashback-card-benefits-revised-w-e-f-1st-may-2023?page=3#post_9182899
brucelee wrote:SQL guy spotted in the group 😄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.
Click here to reply
Reply
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.