SBI cobranded cards are now devalue on Govt spends

Finance Ninja

w.e.f. 15 July'24: SBI cobranded cards are now devalue on Govt spends.



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Benevolent Benevolent
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Lol SBI is now giving competition to AU Bank with every month one devaluation 🤣. Why don't they decide in one go like Axis🤔. Full and Final settlement 😂. 

Btw, SBI cashback escaped again 😄.

Deal Newbie Deal Newbie
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SBI Cashback does not give cashback on government spends right? NPS gives 1%
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The PostMighty The PostMighty
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😆 My Rs 300 + GST annual fee SBI IRCTC card had only 2 uses - 10% OFF on e-Com sales and reward points even on Government transactions

SBI got rid of the second benefit now. I thank them because they have made it a single purpose card now. I no longer need to think twice before doing a Government transaction. I'll use my IDFC First Select card straightaway.

I believe all Kotak cards reward on Government transactions too but I haven't validated with my Zen.

Finance Mentor Finance Mentor
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Whats the profit on Govt Txns with IDFC first select cc?

Wasn't it devalued too.

Honestly speaking except targetting milestone, its becoming useless to use any cc for Gov spends.

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Finance Mentor Finance Mentor
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Chalo ab koi CC nahin bacha tax payment ke liye... Agar koi hai to batao...

Even a good DC suggestion shall do that's not from some premium bank account...

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