Hot Deal

SBI Cashback Card current Cashback Thread

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Generous
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.

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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Top Comments
Benevolent Benevolent
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@Gauravmittal49589

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

Benevolent Benevolent
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Got 5% on Amazon wallet load via uber.

Deal Subedar Deal Subedar
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statement generated. got 8833 cb. 

Finance Ninja Finance Ninja
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I've been completely locked out of my sbi card account , they don't let me login to the app , nor the website. Their helpline number is not telling me the option to talk to someone , if anyone can tell me the combo with which i could do so please help.

Helpful Helpful
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I login to sbicard first and keep the session alive while making a txn. If the card gets blocked I usually get a call instantly to unblock it else the portal dashboard sometimes show option to unblock it. Just an otp verification and it gets unblocked instantly.
You can try this on a hit and trial basis but worth taking chance rather than getting completely locked out.
3296 Comments  |  
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Benevolent Benevolent
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Anyone able to see cashback earned post transaction settlement?

Wingman Wingman
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Which settlement. Any one recd card?
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Finance Mentor Finance Mentor
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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.

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Benevolent Benevolent
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Anyone applied on the basis of existing SBI cc ?
Deal Lieutenant Deal Lieutenant
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Ask in Main thread, this is CB thread @akki.akki
Helpful Helpful
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will utility payment via cred be considered for 5%? @agnivo007 @IndianDimer @sri222

Generous Generous
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Only time will tell.. Nowadays they're reversing cashback also &  lateron it can become negative. https://cdn0.desidime.com/attachments/photos/802427/medium/8672583Risk-Hai-Meme-template-of-Mirzapur-1024x576.jpg?1662534635

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

Tech Guru Tech Guru
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1% is for offline purchases, unless there's some offer running for SBI cc, you'll get 1%.
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Deal Cadet Deal Cadet
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Paid simpl bill through this card, got 1% only. 

Finance Mentor Finance Mentor
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@EkdamSastaRaju ha ha, for rotators...

Deal Subedar Deal Subedar
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Not only for rotators for genuine users also 

No way this card can survive with mere 1k Fee and giving 5% back on every e com transactions 

This card even beats  their premium top end Aurum in Rps 


Either they will de value it further or will make getting it a headache like Ace 

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Tech Guru Tech Guru
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I hope SBI is able to fix all loopholes. They must have got experience from their simplyclick card.

That way this might be viable for them to run at least for a year.

Critic Critic
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If sbi able to fix all loopholes then this card will be of no practical use for anyone already having apay &/or axis fk card. Nobody risk large amt ecomm shopping txns on sites other than amazon/fk & it is not recommended either.
Deal Cadet Deal Cadet
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may I know if I get 5% cashback for buying gift cards online?

Also, If I pay utility bills in CRED using SBI card, will that give me 5% cashback?

Critic Critic
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You should assuming amazon let you buy GVs beyond a limit using credit card as payment option.
Tech Guru Tech Guru
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Any ideas about NPS or tax payments on efiling website, will these fetch 5%?

I am looking at Education fees too, no idea if these will get excluded or not. Even if they let us do these for next 2-4 months, it will be perfect for these. So thats why wondering if 5% is happening currently.

@guest_999 @Knight11 @IamRage @getready @manikantaks4u

Mobile Guru Mobile Guru
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My application is not approved yet so cannot it myself but the reward/cashback terms varies per card in the case of SBI. While SimplyClick stopped giving reward points for wallet loads, OLA SBI cc is still giving them
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Deal Subedar Deal Subedar
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Last month I purchased home appliances from Amazon by sbi card. SBI did not credit any rewards for that. When I asked CC they told me since the card spent on amazon during ongoing sale hence we we did not credit RP. SBI has become rewardless. I told her upfront I would close Simplyclick card if my card is not converted LTF. I have multiple credit card which gives much better RP/discounts than yours. If SBI deduct annual free the next day I am gonna close this shitty card. 
Entertainer Entertainer
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Important question is, in this upcoming Amazon sale what happens with this card? 10% plus additional 5% cashback will be given? Also how many days after applying for we get to use the card. (Doesn't need physical card at all joy as this is mostly useful for online transactions only no.... Also for offline my axis flipkart is better as it gives 1.5% cb)
Analyst Analyst
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Anybody Tried On Cred?? How much Cashback getting on Cred?? 1% or 5%??
Generous Generous
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can existing SBI card be converteed into cashback card , earlier iu use to get offer to convert into airindi aand some other card for my  simplyclick

Critic Critic
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No one has been able to do it so far at least here.
View 1 more reply
Deal Newbie Deal Newbie
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https://cdn0.desidime.com/attachments/photos/802682/original/Screenshot20220907-220659YONOSBI.jpg?1662608550

Applied yesterday,  approved within 10 seconds in principal.

Today I verified email address only.

Now status is 

https://cdn0.desidime.com/attachments/photos/802683/original/Screenshot20220908-083520Chrome.jpg?1662608647

Without physical kyc or Vkyc or Tele-verification. 

now i am in doubt is it really approved? Without any type of verification 

Mobile Guru Mobile Guru
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Your Application for CASHBACK SBI Card Credit Card has been approved in principle.

It is Conditional Approval (probably based on CIBIL check), they are still chances of rejection but very less (If you're employed / got another CC from popular banks with 30/40K min limit)

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Deal Cadet Deal Cadet
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Just got the bob Eterna card and then this card comes up - pissed offf 😛

Helpful Helpful
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Eterna will work on many categories where cashback card is excluded.
View 5 more replies
Coupon Connoisseur Coupon Connoisseur
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mobile prepaid recharges though GPay are considered as utility payments ? @guest_999

Critic Critic
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It should as gpay has also partnered with axis ace & without correct utility code ace wouldn't have been able to identify eligible txns for ace 5% cb on google pay.
Deal Hunter Deal Hunter
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Anyway to withdraw application after applying? Without impacting the credit scores?? 

I have applied from yono and no update since last week.. Can I withdraw this application and apply for someone else in my family using sprint 

Deal Lieutenant Deal Lieutenant
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When they connect, just tell them don't process the application... They can't do KYC virtually.
Cool Cool
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worth it?

Should I go for this or avoid it?

Please recommend.

Critic Critic
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Only if you don't have amazonpay card &/or axis flipkart card(& no hopes of getting these cards any time soon) & most of your shopping is from fk/amazon. If interested in money rotation via uber--amazonpay wallet upi then also can think of taking thsi card.
Cool Cool
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stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye stuck_out_tongue_winking_eye
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Entertainer Entertainer
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Applied for the card, received virtual card(basically card details).....
Process took 5 mins. 

This means I can start using th card? No additional calls like everyone is saying?
Generous Generous
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You're good to go., 

Generous Generous
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This GIF may be the only sale when this card gives 5% rewards in addition to 10% Instant discount.
.
As SBI will likely remove rewards from all sbi cards during sales offer from 7th oct as per this page
. https://www.sbicard.com/en/customer-notice...ge
.
It reads Reward Points accrued on transactions eligible for Instant Discount and Cashback offers will be forfeited, for offers starting 7 Oct’22 onwards. Reward Points will be forfeited for all transactions done during offer period and considered for Offer computation. In case cardholder does not have adequate Reward Points balance at the time of forfeiture, an amount equal to the deficit in the Reward Points will be debited from the card account. 
Deal Cadet Deal Cadet
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Should I apply or not?
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Tech Guru Tech Guru
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@sauravDD pls update the wiki. @Knight11 is doing a great job of testing and updating.

Review Expert Review Expert
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Update

Bajaj app load 5% cashback

Insurance payment 1% cashback

Wingman Wingman
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For sbi cbk card? And u got card and you able to see cbllk also?
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Deal Cadet Deal Cadet
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I am not able to get slot timing. Can anybody help me when to try.
Deal Subedar Deal Subedar
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bolo kha help kru
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Deal Cadet Deal Cadet
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The SBI representative just collected my application. Does anyone know how many days will take to get the card?

Tech Guru Tech Guru
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Did you try any recharge or Billpay from amazon 

@Knight11 @KartikDD98 @freedealexpert

Deal Subedar Deal Subedar
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Got the card? There is no update on my application and card still not showing up in app 😌

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Deal Subedar Deal Subedar
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insurance pe 5% rip this card for me 

Deal Cadet Deal Cadet
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Means

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