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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.
575 Comments  |  
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Deal Newbie Deal Newbie
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Guys please suggest

For jewelry best cash back credit card please?

Deal Newbie Deal Newbie
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No gyftr cashback shown for Uber, ola or Amazon from today

Deal Newbie Deal Newbie
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Got msg saying card approved. How can I view virtual card and it's limit ?

Deal Cadet Deal Cadet
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I bought agv on 31st from amazon... Transaction now reflected in the settled section but cashback not credited yet.

Benevolent Benevolent
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Today they forgot to update cashback for any transaction.

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Deal Cadet Deal Cadet
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I have pulse sud I surrender

Helpful Helpful
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If we partially use Amazon voucher in the Amazon order, do we still get 5% cashback on SBI card?

@Seinfeld @Knight11 @Agnivo007

Finance Mentor Finance Mentor
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You mean if your order is of 2k and you pay 1k from your sbi and 1k via amazon voucher?

Yes you will get 5% on the 1k txn on sbi card, if its a proper shopping which generally gets 5%. I mean not the bill pay or other categories.
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Deal Cadet Deal Cadet
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If we book on sites like Vistara, airbnb, etc. do we get 5%?

Benevolent Benevolent
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Vistara is Yes, it's travel site.

Finance Ninja Finance Ninja
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This is the real SBI. Wo bich me Axis bank ka product designer aagya tha.

Finance Ninja Finance Ninja
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After reading all the messages and critisism of sbi Cashback card. I would say I am still happy with this card.

1. Rs.5000 cashback cap. (Means we all can still do 1 lac of online shopping per month)
2. Gift card, jewellery, utility, school payment, is actually good, misuse of card gone.
3. Lounge access gone. I literally do not mind, i am very frequent flyer and the long Q for lonunge access, quality of food is pathetic, it is like free ka langar. Only people who fly once or for show off, this free lounge is for them. It better to spend few money and seat politely at some restaurant, I always do that, and I have free unlimited access card.

So as such in my day to day online shopping and even during offer period to buy expensive mobile, this card can easily fulfill your requirements.

Deal Captain Deal Captain
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You can't always say GIFT card is misuse.

Assume that there is a physical store say, reliance smart&others/more/Spencer and such.

You buy an offline redeemable voucher and get 5% cashback on it. It's a genuine spend and I'd like my card to give me 5% there too.

People often don't see that aspect.

Gift cards are not always for selling and making money.

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Deal Cadet Deal Cadet
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GC Purchase on Amazon Now Showing as Merchant Name WWW AMAZON IN

Before It Shows as AMAZON PAY INDI

Firestorm Firestorm
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Earlier received 5% for both names.

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Deal Cadet Deal Cadet
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Which SBI credit card is better to get all flipkart discounts?

Finance Mentor Finance Mentor
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All forfeit rewards gained on instant discount transactions... get a simplyclick for instant discounts only, or even SBI IRCTC rupay card for low renewal fees.

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Community Angel Community Angel
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Misuser bahut khush hoga Aaj uski mehnat rung layee hai

Finance Mentor Finance Mentor
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You are correct, I have seen few dimers take this card just to get the 10k CB every month. Most are unaware & ignorant about the associated risks in money rotation. Also some do trade just for profits.

It seems like getting the full CB is their birth right.
Finance Mentor Finance Mentor
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True... @drupal @Seinfeld

Finance Mentor Finance Mentor
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Ouch, paradoxical issue... @guest_999

Hunk Hunk
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Am i the only one who didn't apply for this card and still no regrets??? 😬

Helpful Helpful
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Why no regret? Save 5% on fuel, insurance, bills and everything.. Where else do u get such offers 

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Deal Newbie Deal Newbie
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This is devalued but still there are good use cases:
- Zomato/Swiggy/Uber/Ola/Rapido/Blinkit and other day-to-day apps where others are not offering 5%
- Flight tickets booked via skyscanner (goibibo, cleartrip, agoda etc)
- Broadband / internet payments
- 3rd party shopping sites
Deal Newbie Deal Newbie
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Broadband and Internet is not coming under utility?
Finance Mentor Finance Mentor
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All are still getting 5% for sbi gyftr GVs right?

@Knight11

Benevolent Benevolent
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Haven't transacted recently, but u should at least till 1st May.

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Deal Cadet Deal Cadet
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Dear SBI

You did a great by reducing all popular benefits. They were the major highlights of SBI Cashback Cards.

  • Cashback Limit
  • Airport Lounge benefit
  • Categories eligible for Cashback

Now the only thing left to reduce is the renewal fee 999 + GST, kindly reduce it as well.

Deal Cadet Deal Cadet
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@Knight11 @Seinfeld Anyone tried on PayTM Gift Cards recently? Is it giving 5% or 1%? 

Generous Generous
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someone send a Rs. 10 online RTI ( https://rtionline.g...n/ ) to RBI/SBI (they are stakeholder in SBI cards and are govt. PSU bank)/consumer ministry /some other govt organisation to provide the mystery of this MCC code of merchants  , if we dont know the merchants's MCC code at the first place as mentioned in this updated t&C  how are we expected to make wise fianancial decision knowingly? or we expected  to make hit and trial blind guess ? (also no where does SBI cards in even its statement/sms/email  mention the particular rp/cashback earn agaisnt particular txn even axis does it ) this is anti consumer looting in broad daylight attitude and sud be reported to concerned authority

Deal Cadet Deal Cadet
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Is anyone able to buy Amazon GC through Amazon app? It says for me (for all sorts of credit card) that payment system is currently unavailable.

Helpful Helpful
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You bought 30k egv in 1 month using sbi cb cc?

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Deal Newbie Deal Newbie
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What is the existing cashback rate on jewelry on the sbi card

Talk-Of-The-Town Talk-Of-The-Town
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I got this card yesterday... Can anyone tell me where can i use this card for the maximum benefit as a 1st transaction????

Helpful Helpful
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Amazon voucher on gyftr

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Deal Cadet Deal Cadet
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Can we get 5% for amazon gift cards purchase on Amazon?

Helpful Helpful
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Yes for current month

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Deal Subedar Deal Subedar
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I applied for the SBI cashback card a few days back and got a call saying that the card got approved & the person will come for documents verification again and got a call for the same but no one turns up. Can someone help me with this ? status shows complete application if i choose time slot also no one is coming for pick up.

Deal Captain Deal Captain
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Ask for a video KYC to be arranged. I was offered physical KYC but I asked for vKYC since I can't go and submit documents where they wanted me to come.

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Deal Newbie Deal Newbie
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What is the existing cashback rate on jewelry on the sbi card

Deal Cadet Deal Cadet
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Unable to buy Amazon GV from Amazon itself 😄

Attention

The card has been added to your Wallet but will not be available for use for this purchase.

Deal Subedar Deal Subedar
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There is a cap of ₹30000 for buying Amazon GVs on amazon with this card in a month.

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Helpful Helpful
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tough to go through all comments!

Entertainer Entertainer
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If I pay Jio Fiber bill, will I still get 5% cashback?

Now? What about next month?

Deal Cadet Deal Cadet
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No,, you will get 1% or2% for bill payments (exactly dont know the percentage).. instead direct bill payment, buy amazon voucher and pay the bill. Last time i bought myntra voucher in Paytm and merchant name is PAYT ECOMMERCE.. got the 5% cb and 1% charges are there in paytm.. try to buy amazon gv and check the merchant name.
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