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SBI Cashback Card current Cashback Thread

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Deal Subedar
IndianDimer
Please keep this thread solely for updating any changes in cashback rates or any new exclusions. 

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.]

Exclusions(no cashback nothing) 
  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 Updatehttps://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.

Expiring In 28 days
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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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Top Comments
Deal Subedar Deal Subedar
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statement generated. got 8833 cb. 

Deal Subedar Deal Subedar
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Knight11 wrote:

Yet to be settled, but should definitely give 5%.

Got 5% on Amazon wallet load via uber.

Deal Subedar Deal Subedar
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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.

1325 Comments  |  
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Deal Subedar Deal Subedar
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Anyone able to see cashback earned post transaction settlement?

Wingman Wingman
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Knight11 wrote:

Anyone able to see cashback earned post transaction settlement?

Which settlement. Any one recd card?
Deal Subedar Deal Subedar
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Is MCC 6300 defined under exclusions by SBI tnc? I don't think I saw it last time (few days ago). If that is so, that marks devaluation within a week of launching! @IndianDimer

MCC 6300 is insurance premiums and payment.

Deal Subedar Deal Subedar
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asli_shashikant wrote:
Which settlement. Any one recd card?

Many got virtual card details.

Anyway now I can see it in Mobile app.

Got 1% for snapay transaction. So they are detecting it as utility.

Deal Lieutenant Deal Lieutenant
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Anyone applied on the basis of existing SBI cc ?
Deal Subedar Deal Subedar
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akki.akki wrote:
Anyone applied on the basis of existing SBI cc ?
Ask in Main thread, this is CB thread @akki.akki
Deal Subedar Deal Subedar
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agnivo007 wrote:

Is MCC 6300 defined under exclusions by SBI tnc? I don't think I saw it last time (few days ago). If that is so, that marks devaluation within a week of launching! @IndianDimer

MCC 6300 is insurance premiums and payment.

Yes, few days back MCC 5960 and 6300 were not there. Both are for insurance payments.

https://www.desidime.com/deals/sbi-card-launche...
Wingman Wingman
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Knight11 wrote:

Many got virtual card details.

Anyway now I can see it in Mobile app.

Got 1% for snapay transaction. So they are detecting it as utility.

Snapay is what? Any app Or site.
Tech Guru Tech Guru
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asli_shashikant wrote:
Snapay is what? Any app Or site.

App 

Wallet or card 2 Bank at some charges 

Talk-Of-The-Town Talk-Of-The-Town
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Knight11 wrote:

Many got virtual card details.

Anyway now I can see it in Mobile app.

Got 1% for snapay transaction. So they are detecting it as utility.

What about amz wallet load via uber app
Analyst Analyst
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agnivo007 wrote:

Is MCC 6300 defined under exclusions by SBI tnc? I don't think I saw it last time (few days ago). If that is so, that marks devaluation within a week of launching! @IndianDimer

MCC 6300 is insurance premiums and payment.

Where to check for these MCC Codes??
Deal Cadet Deal Cadet
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Knight11 wrote:

Many got virtual card details.

Anyway now I can see it in Mobile app.

Got 1% for snapay transaction. So they are detecting it as utility.

How much cashback you are getting if you buy Amazon Gift card? 

Deal Subedar Deal Subedar
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Gauravmittal49589 wrote:
What about amz wallet load via uber app

Yet to be settled, but should definitely give 5%.

Deal Subedar Deal Subedar
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Pplegend wrote:

How much cashback you are getting if you buy Amazon Gift card? 

Not tried, as I get better deals with ICICI card.

Wingman Wingman
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sauravDD wrote:

App 

Wallet or card 2 Bank at some charges 

So u might have paid cc bill to pay cc os amt. 5% cbk and some charges making it around 3-4% net cbk 
Talk-Of-The-Town Talk-Of-The-Town
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Knight11 wrote:

Yet to be settled, but should definitely give 5%.

You can check now also 
Go to ila
Spend analysir and check in which category transaction is showing
Deal Subedar Deal Subedar
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Gauravmittal49589 wrote:
You can check now also 
Go to ila
Spend analysir and check in which category transaction is showing

It says no data to display. I think that will update after statement generated.

Talk-Of-The-Town Talk-Of-The-Town
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Knight11 wrote:

It says no data to display. I think that will update after statement generated.

Maybe 
Deal Subedar Deal Subedar
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agnivo007 wrote:

Is MCC 6300 defined under exclusions by SBI tnc? I don't think I saw it last time (few days ago). If that is so, that marks devaluation within a week of launching! @IndianDimer

MCC 6300 is insurance premiums and payment.

AFAI remember, It's not excluded but it's counted as utility so only 1% cashback instead of 5%.

Will go through again

@sri222

Deal Cadet Deal Cadet
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Beaware.... They r charging 999+ gst from 1st yr itselft... Its not free for first yr ....many friends had to pay ..it came in statement
Deal Subedar Deal Subedar
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SuperKnight wrote:

will utility payment via cred be considered for 5%? @agnivo007 @IndianDimer @sri222

No idea cause never dabbled into cred utility... also name itself contains "utility", maybe the MCC should be of utility too.
Spearhead Spearhead
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Knight11 wrote:

Not tried, as I get better deals with ICICI card.

How much cashback did you get for using ICICI card?
Deal Lieutenant Deal Lieutenant
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any offer while purchasing from offilne electronic store of amount 60k +  

Deal Subedar Deal Subedar
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xedo123 wrote:

any offer while purchasing from offilne electronic store of amount 60k +  

1% is for offline purchases, unless there's some offer running for SBI cc, you'll get 1%.
Deal Subedar Deal Subedar
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NeoM wrote:
How much cashback did you get for using ICICI card?

2% plus 6.67% through coupon 

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