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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.
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Deal Newbie Deal Newbie
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Now they should also remove fees from this card

Deal Cadet Deal Cadet
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True

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Deal Cadet Deal Cadet
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2ne phase of SBI cashback devaluation will be capping of cashback of 1000 per month with no sale offer ever. 

Deal Lieutenant Deal Lieutenant
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Any way to know mcc for transaction done?

Deal Cadet Deal Cadet
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So what's the best next card ? For the aforementioned categories?

Finance Mentor Finance Mentor
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Bhai, apna astrology degree ka PDF post karo... 😂

Aise mat bolo... "I think", "might be" use karna, theek lagega...

Deal Lieutenant Deal Lieutenant
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ee-toh-saala-hona-hi-tha

Helpful Helpful
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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? 

Deal Newbie Deal Newbie
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How can we get axis fk card and tata neu card ltf? is there any criteria.

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Deal Newbie Deal Newbie
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Right this deal is so big

Generous Generous
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They decline my card.. I am blush

Deal Cadet Deal Cadet
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same here toungueout
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Deal Newbie Deal Newbie
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gangajal-ee-to-sala-hona-hi-tha

Pro DealBaba Pro DealBaba
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No cb on gyftr!!

Like Magnet Like Magnet
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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 grin

Deal Cadet Deal Cadet
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i hope so 🤞🏻

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Deal Cadet Deal Cadet
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Domestic lounge also to be discontinued

Deal Cadet Deal Cadet
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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.
Generous Generous
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Ye to hona hi tha...sooner or later. But ye 10k to 5k limit wasn't expected.

Finance Mentor Finance Mentor
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HUGE number of exactly same threads...!

Deal Cadet Deal Cadet
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Sab Khatam , Tata , Bye Bye ...  Sahi hai sala .. ab gyftr ka natak hi khatam .. bahut pehle se restriction tha 

Deal Cadet Deal Cadet
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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.
Helpful Helpful
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I'm glad they rejected my Cashback card application

Deal Cadet Deal Cadet
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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.

Deal Cadet Deal Cadet
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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.

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Helpful Helpful
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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?

Tech Guru Tech Guru
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Oh Boy! where did you get this info from?
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Deal Cadet Deal Cadet
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Its time now to invest the cashback earned into buying sbicards shares.   😜😉 

Finance Mentor Finance Mentor
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Already loaded under 700... kya hedging idea tha!

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Deal Cadet Deal Cadet
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13085-3e4625002de697cda5ad6fad7a6adcbf

Finance Mentor Finance Mentor
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@admin Please merge

Deal Cadet Deal Cadet
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When I had applied for the card, then only it was mentioned 5k would be the monthly limit.

Real bummer is GYFTR cards sad

Deal Newbie Deal Newbie
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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 

Tech Guru Tech Guru
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You mean no way to rotate right?
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%. 
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Deal Newbie Deal Newbie
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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.

Deal Newbie Deal Newbie
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This card should be now lifetime free after all this devaluation
Helpful Helpful
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Now, if they reduce their annual fee it to 499, I'll apply.

replyuser
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