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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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Purchased Swiggy GV on Amazon with 8% Amazon Pay cashback and also received 5% on the card. Hope Amazon GV is not affected next month onwards.
Generous Generous
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Do we get 5% cashback using SBI CashBack CC if we pay insurance premium (in May23) on Amazon ?

TIA

Deal Subedar Deal Subedar
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Why wait till May when the card will get devalued? You can always pay it a month earlier. However, chances are that insurance payments on Amazon will be considered under Bills category.

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Deal Cadet Deal Cadet
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Despite all these devaluation and removing cashback on utilities, they still advertise cashback on utilities in their website.

Didn't expect this from SBI. Seems they turn out to be world class cheaters.

image

Critic Critic
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Frustration
Helpful Helpful
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guys any website from where i can purchase amazonpay gv and will get 5% after 1 may?

Deal Subedar Deal Subedar
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any one tried to pay property tax and what was the cb % you got?

Deal Newbie Deal Newbie
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I would assume it would be the general 1% through whatever app/portal you use to make the payment. I use my Axis Ace card through GPay for property tax and get 4% back.
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Deal Cadet Deal Cadet
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Can anyone tell me how to buy from gyftr using SBI cashback card, gyftr always showing some extra amount to pay if I select credit/debit card as payment option

Pro Analyst Pro Analyst
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Buy from the Gyftr portal of SBI YONO or SBI Card. Not the normal Gyftr Portal.
Deal Cadet Deal Cadet
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5% cashback applicable on emi?

Generous Generous
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No

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Helpful Helpful
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Any one paid LIC policy in LIC portal through Bharat QR and got 5% cb?

Generous Generous
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LiC portal provides bharat qr?

Hope its not upi one.

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Deal's Advocate Deal's Advocate
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None of the cards in the past many years I have found that can be bought on a C2C basis. Still struggling to get one credit card on C2C basis with no income details required. Is there any card that is LTF and is issued on the basis of your civil score and previous CC report? If any then pls share the exact link so that I can apply and get it without any hassle.
PS: I have an excellent cibil score and my HDFC CC is 3 yrs old too.

Generous Generous
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Try federal bank cards, thr is thread on dd

Deal Newbie Deal Newbie
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Anyone know the MCC for easemydeal, we can buy GV from easemydeal.

Deal Cadet Deal Cadet
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Cashback will be credited based on either the transaction date or the transaction settlement date?. I would like to know more about this because it seems that we will not be eligible for cashback starting from May 1st on gift card purchase.

Generous Generous
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Jo karna hai aaj karlo

Logically txn date matrers but its sbi dont take risk

Deal Subedar Deal Subedar
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"Maximum Cashback that can be earned on online & offline spends in a statement cycle will
be capped at 5000"

Did anyone get cashback above 5000 in this month?
Deal Subedar Deal Subedar
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Anyone who exceeded 5k cb capping this month, and still getting cb?

Now my statement cycle is till 3rd May, and since sbi is sbi sweat_smile and as per their above new rule, I'm afraid I'll come under that capping when my statement is generated even though my cb was earned when old rules were in place. So sbi can even reverse the extra cb amount earned above 5k. What do you all think?

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Deal Newbie Deal Newbie
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If I purchase a gift card today which will get settled after 48 hours i.e. on May 2nd will I get the 5% cashback (as I have made the payment today)

Deal Newbie Deal Newbie
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Lets wait and watch.
Deal Newbie Deal Newbie
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Bye Bye GYFTR
Deal Subedar Deal Subedar
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Received 5% cashback for transaction done on 29 april for buying Amazon e giftcard on Amazon app. Transaction got settled today ie 1May

Generous Generous
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Amazon has no issue, it will continue

Gyftr and other similar gc sites will not give cb now, or even if given they will reverse it

View 13 more replies
Firestorm Firestorm
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I did last txn on 30th. Txn will settle on 2 may. Statment generation date is 3rd may. I think sbi should consider the transaction date and not the settlement date for the cashback.

Deal Cadet Deal Cadet
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1st amazon did and now from today Flipkart also remove sbi 10% instant discount offer.  😔

Generous Generous
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Didn't work even during last 2 sales on fk

Deal Newbie Deal Newbie
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10k giftcard purchased on Amazon on 30Apr, transaction settled today, . * Got the cashback*
Deal Cadet Deal Cadet
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Cash back used to update in the morning

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Deal Newbie Deal Newbie
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I earned cashback of rs 3800 till 30th April, after that I did a transaction of rs 50k on same day and it got settled today, Now total cashback earned showing 5k.

So, yes settlement date matters 

Deal Subedar Deal Subedar
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So this is first evidence of cb capping for txns settling in May.

So all those who were expecting some cashback today but didn't get yet, might have either exceeded the 5k cb capping or did txns on new "no-cb" categories.

Deal Subedar Deal Subedar
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Did a educational payment on 29 which got settled today. No cashback

Benevolent Benevolent
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Can we make a thread  like which merchant used to give cb but now doesn't 

Deal Subedar Deal Subedar
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maybe the cashback will get credited tomorrow as yesterday was bank holiday in some states.

Generous Generous
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Nothing is gonna come now neutral_face neutral_face

View 9 more replies
Deal Subedar Deal Subedar
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such a bummer if SBI gets away saying settlement date, however no such thing mentioned in T&C, worth fighting for if you were expecting a good sum of cashback

Deal Newbie Deal Newbie
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yes this is wrong,settlement date is not a criteria,i diad a 80k transaction on education,if i dont get 4k i will go to consumer court

Helpful Helpful
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Purchased Amazon Gc from Amazon website.

Txn date - 01 May
Settlement Date - 03 May
Got 5% cashback.

Generous Generous
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As expected

Thanks for confirmation

Deal Captain Deal Captain
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No cb received for dhani wallet upi @abhishek012, dhani tata tata, bye bye, khatam, gaya @Seinfeld @Agnivo007
Generous Generous
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How much cb it was giving

Was this for loading dhni wallet?

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Deal Captain Deal Captain
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No cb received for insurance payment also done directly using sbi cashback card in amaon rage rage rage unamused unamused @abhishek012 @Seinfeld @guest_999 @Agnivo007
Deal Subedar Deal Subedar
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This was already expected. Insurance payments on amazon (or anywhere) comes under utilities

The PostMighty The PostMighty
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5% cashback is working or not ? Please anyone confirm.

Tech Guru Tech Guru
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working fine.
View 5 more replies
Deal Subedar Deal Subedar
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anyone tried on magicpin or Zingoy?

Generous Generous
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Magicpin with merchant name magicpin in Gurgaon working

Deal Cadet Deal Cadet
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anyone's bill generated? is sbi given more than 5000 cashback which was added before 30april?

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