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
- Groups
- Finance
- Credit Card
True
2ne phase of SBI cashback devaluation will be capping of cashback of 1000 per month with no sale offer ever.
Any way to know mcc for transaction done?
So what's the best next card ? For the aforementioned categories?
Bhai, apna astrology degree ka PDF post karo... 😂
Aise mat bolo... "I think", "might be" use karna, theek lagega...
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?
How can we get axis fk card and tata neu card ltf? is there any criteria.
Right this deal is so big
They decline my card.. I am
No cb on gyftr!!
Relax guys you can still buy gift card directly from Amazon and pay all your bills, insurance and all.
Upto 30k per month Amazon limit though.
If you need more than 30 tell me what is your profession
i hope so 🤞🏻
Domestic lounge also to be discontinued
Revision of benefits on CASHBACK SBI Card: With effect from 01 May 2023, following changes will be applicable on your CASHBACK SBI Card. Cashback will not be applicable on following additional categories, apart from existing exclusions: Jewelry, School & Educational Services, Utilities, Insurance Services, Railways, Card, Gift, Novelty & Souvenir Shops, and Member Financial Institution/Quasi Cash. Maximum Cashback that can be earned on online & offline spends in a statement cycle will be capped at ₹5,000. Complimentary Domestic Airport Lounge benefit will be discontinued.
Ye to hona hi tha...sooner or later. But ye 10k to 5k limit wasn't expected.
HUGE number of exactly same threads...!
Sab Khatam , Tata , Bye Bye ... Sahi hai sala .. ab gyftr ka natak hi khatam .. bahut pehle se restriction tha
I'm glad they rejected my Cashback card application
Avoid Transactions from GYFTR for purchasing gift cards from Cashback SBI Card from 1st May 23.
Please share all websites and apps that sell gift cards (especially Amazon Pay GV) and do not have MCC 5947.
yesterday the card was approved with 20k limit and 999+gst. if 2lac spent fees will be waived. I pay insurance, light bills, online shopping all from credit cards. please guide how to get maximum cashback from this card. is there any detailed thread for sbi cashback card on dd.
check main post and deal wiki
Reversal of Annual Fee on reaching annual spends of ₹2 Lakh in a membership year
As it was first year free, so this year spends are not counted.
so does it mean that next year we will be charged annual fees and then if we reach 2l in next year spends then only it will reverse?
Its time now to invest the cashback earned into buying sbicards shares. 😜😉
Already loaded under 700... kya hedging idea tha!
When I had applied for the card, then only it was mentioned 5k would be the monthly limit.
Real bummer is GYFTR cards
What effin online transactions can you even fucking do with all these exclusions? Someone create a website just to pay money to your own account lol. There's no way to get 5% at anything at this point
Yes thats sad.
I do hate rotators who have been rotating money via genuine useful process, say education/ rent. Which got genuine users not to get any cashbacks.
Again I am still happy that SBI is keeping this card profitable for many txns/ websites where I had no way to get 5%.
With so much devaluation and card not giving any sbi card offers during sales, this will be a huge blow to customers.
Strangely with no change (decrease) in annual fees and so many categories not giving any cashback, there will be less takers and most will close the card prior to completing one year.
Have fun till april and then try closing. With so many closure calls, SBI might change this to LTF.
Now, if they reduce their annual fee it to 499, I'll apply.
Now they should also remove fees from this card