SBI Cashback Card current Cashback Thread

For other things kindly use this threadhttps://www.desidime.com/discussions/sbi-card-launches-...

Decoding the relevant MCCs.

1% on:

• 9399 : Government Services–Not Elsewhere Classified
• 4900 : Utilities–Electric, Gas, Heating Oil, Sanitary, Water
• 4814 : Telecommunication Services including but not limited to prepaid phone services and recurring phone services

0% on:

• 5172*: Petroleum and Petroleum Products
• 5541*: Service Stations (With or Without Ancillary Services)
• 5542*: Fuel Dispenser, Automated
• 5983*: Fuel Dealers–Coal, Fuel Oil, Liquefied Petroleum, Wood
• 6540 : POI (Point of Interaction) Funding Transactions (Excluding MoneySend)
• 6541 : Wallets
• 6513 : Real Estate Agents and Managers–Rentals
• 7349 : Cleaning and Maintenance, Janitorial Services

* Will attract additional charges.

I'll update the thread from time to time.. 

The Card Cashback will be automatically credited to your SBI Card account and will reflect in your monthly statement.

Card Cashback will be posted within two working days of the statement generation of your respective cycle

you will not earn Cashback on fuel spends

Currently for Online Spends (not including utilities) 5% cashback 

Offline Spends & Utilities 1% cashback 

[Utilities payments are defined and determined basis MCC categories communicated by Networks and include the following MCCs 4900, 9399, 4814, 5960 and 6300.]

1. Any purchases at petrol pumps/service stations (MCC: 5172, 5541, 5542, 5983)
2. Balance transfers, Balance Transfer on EMIs
3. Cash advances
4. Financial charges (e.g., late payment fee, dishonored cheque charges, service fee, transactioncharges etc.)
5. Disputed transactions
6. Encash
7. ATM Withdrawals
8. E wallet loading transactions identified under MCCs 6540 and 6541
9. Payments towards Rent/property management under MCCs 6513 and 7349
10. Flexipay Transactions
11. Merchant EMI i.e. EMI’s availed at the time of purchase at Merchant establishment or websites.(Card Cashback reversed for Flexipay/Merchant EMI will be credited back to account only when the respective Flexipay/Merchant EMI has been successfully cancelled by the cardholder. In the event of Foreclosure of Flexipay/Merchant EMI, no Card Cashback will be credited back in any scenario)
12. Cashback earned will be computed based on spends during the statement period minus any returns or refunds during the same period. In case the cardholder reverses a transaction, the corresponding cashback earned on the transaction will also be reversed and in case the cardholder has an outstanding balance on credit card in the form of reversed cashback, the same will be treated as an ordinary outstanding balance and the customer will be liable to pay for such outstanding amount
13. In case of conversion of a transaction to EMI at a later date, cashback earned on such transaction will be reversed during the same billing statement month as EMI conversion.
14. there is a limit of ₹10,000/billing month on earning 5% cashback on online transactions as defined above. If a Cardholder reaches the threshold cap of ₹10,000 on earning 5% cashback in a month, the Cardholder will continue to earn 1% cashback on such online transactions.
15. In case of flipping / transfer from any other variant of SBI Credit card to CASHBACK SBI Card, the reward points accrued and not redeemed on such variant would expire immediately upon such flipping / transfer. All reward points are required to be redeemed prior to transferring / flipping to CASHBACK SBI Card.
16. Card Cashback is not applicable on transactions less than ₹100
17. SBI Card may temporarily prohibit any cardholder from earning cashback or using any features of the program basis its internal policies and requirements.
18. In the event the SBI Card is voluntarily closed by the Cardholder, the Card Cashback earned on his/her SBI Card can be redeemed within 30 days of closure, otherwise these will automatically lapse. In the event of cancellation of the SBI Card for any other reason, all the Card Cashback earned will stand forfeited.

New Update : https://www.desidime.com/discussions/sbi-cashba...

Cashback for this card is calculated as given below :

Cashback amount(5%category) = 4% of txn_amount (excluding paise) + 1% of txn_amount (excluding paise)

Example : if txn_amount = 685

4% of 685 = 27.4, consider only 27

1% of 685 = 6.85, consider only 6

total cashback = 27+6 = 33

Cashback amount(1%category)=1% of txn_amount (excluding paise)

1% of 685 = 6.85, consider only 6, total cashback = 6 rs.