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The Unraveling of SBI Cashback card

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Deal Cadet
HiDEaL
Applied (half hearted) in September. Idea was that it would have 5% CB + 10% Additional discounts.

The application was verified, then two months of silence. I already had 2 separate SBI CC. I received an SMS saying "application was unsuccessful".

Meanwhile, it was clear that SBI Cashback card was a complete spoil, as it suspends the 10% festive discounts.

My half-hearted willingness turned into a big "No" and thank God my application didn't go through.

This week, I got a call from SBI Exec, saying my card has been approved. They need a final telephonic verification of some kind.

I refused to verify. I got several more calls from them, all of which I ignored.

Now, a new card has popped into my SBI Card app, asking me to activate it.

I guess, SBI CASHBACK CARD has become an overhyped product that woefully underperformed. It has achieved a fraction of the market SBI assumed it would. That's why they are hurling this card at whoever they can.
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I will try to give some examples of usage for the points raised by @DEALSTER 

* I pay quite a lot education fees. SBI is giving 5% for that.

* In past few years I haven't got a good offer on Lenskart for contact lenses, felt nice to get 5%.

* Paid hosting charges in USD, generally I look for card with lowest forex charges, this time SBI CC with this forex charges trumped over the others due to its 5% CB.

* Needed car Tyre change recently, shopkeeper said he can make a online payable bill for me. sweet 5%.

* Needed to pay for a Hotel directly from their site, it was quite higher via MMT or others, even with discount I was paying way more. SBI CB 5% was helpful.

Can go on with such necessities without any offer in past 2 months (OTT renewals, GVs from Paytm, competitive exam payments etc etc...)

Its really nice when there's a 6%+ CB .. I won't use SBI card, why would a dimer do so.
The point is there are times when I can't find any offers.. SBI CB kicks in, I used to use my Infinia/ Axis FK for these cases, but 5% is trumping over them. For the first year this is total profit. Now if I do 20k from next year, I have at least already got my annual fees back.

You might want to say that these are something which other Dimers won't do, but I beg to differ, all will have their use cases when they won't get any offers and falling back to SBI CB will help.

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HiDEaL wrote:
In case, I choose to keep the card, can someone tell me how to best use SBI CASHBACK CARD? 1. Would Online Insurance payment generate 5% CB in any way? (via Amazon/mobikwkik or whatever) 2. How to dump this card even before activation?

Though SBI have let you down by not providing an unsustainable 15% discount, it’s actually quite a good card to have.

Read more when you decide to keep it https://www.desidime.com/discussions/sbi-cashba...

I remember similar desperate vents coming from people when hdfc stopped providing 33% CashBack on their Infinia and DCB via smartbuy. And you are talking about 15% 😳. Btw the first Amazon SBI sale (21st Sep) did give a hefty 15% for few days, I am sorry that your luck didn’t favour and you got the card late. 

Whenever there’s some unbelievable offers running be assured that it won’t last long. Even today what SBI CashBack card is giving, is bound to get limited fast in near future, so it’s your choice to use it or not, anyways you are not paying anything for the first year.

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I dnt knw why people hate this card so much, it is such a useful card, it gives 5% cashback without any efforts, be it zomato, amazon, flipkart, nykaa or brand specific websites ( i prefer purchasing directly from their websites ) like van huesen, peter england, I am assured a 5% cashback for every txn. 

I use skyscanner for flights and the prices they offer doesnt accept any further card or coupon discount neither affiliate websites track it, here sbi cashback cad comes handy and I am assured 5% cashback anyway.

it has become my goto card for all the txns online, I have stopped using amazon pay card ( bcz cashback comes in pay balance) and also flipkart axis card which gives 4% on uber and other associated merchants but sbi card is best among them.

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Deal Cadet Deal Cadet
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In case, I choose to keep the card, can someone tell me how to best use SBI CASHBACK CARD? 1. Would Online Insurance payment generate 5% CB in any way? (via Amazon/mobikwkik or whatever) 2. How to dump this card even before activation?
Deal Subedar Deal Subedar
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HiDEaL wrote:
In case, I choose to keep the card, can someone tell me how to best use SBI CASHBACK CARD? 1. Would Online Insurance payment generate 5% CB in any way? (via Amazon/mobikwkik or whatever) 2. How to dump this card even before activation?

Though SBI have let you down by not providing an unsustainable 15% discount, it’s actually quite a good card to have.

Read more when you decide to keep it https://www.desidime.com/discussions/sbi-cashba...

I remember similar desperate vents coming from people when hdfc stopped providing 33% CashBack on their Infinia and DCB via smartbuy. And you are talking about 15% 😳. Btw the first Amazon SBI sale (21st Sep) did give a hefty 15% for few days, I am sorry that your luck didn’t favour and you got the card late. 

Whenever there’s some unbelievable offers running be assured that it won’t last long. Even today what SBI CashBack card is giving, is bound to get limited fast in near future, so it’s your choice to use it or not, anyways you are not paying anything for the first year.

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HiDEaL wrote:
In case, I choose to keep the card, can someone tell me how to best use SBI CASHBACK CARD? 1. Would Online Insurance payment generate 5% CB in any way? (via Amazon/mobikwkik or whatever) 2. How to dump this card even before activation?
Not directly but you can buy amazon gv first and get cashback on that, and use on insurance. For me personally its been great, accepting its not giving the 10% you hoped, but its giving cashbacks all over which has been much more beneficial. I've got tons of cashback on flights, food, or even adding money to paytm wallet
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Best use buy Amazon gift card and get 5% cashback And pay your all bills By doing this we can easily recover card yearly charges Myself got cashback of 444 in 1st month blush
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Thank you all for responding. @Seinfeld , @legend101 , @amitsrt786 Yes. Will keep the card for the next 11 months, at least. The trouble is that, the limits from my existing cards would be split. persevere
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HiDEaL wrote:
Thank you all for responding. @Seinfeld , @legend101 , @amitsrt786 Yes. Will keep the card for the next 11 months, at least. The trouble is that, the limits from my existing cards would be split. persevere
No i dont think so
My simply save limit 10k
Cashback card limit 44k
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amitsrt786 wrote:
No i dont think so
My simply save limit 10k
Cashback card limit 44k
Limit does get divided bro.
Most ppl with good limits on their first SBI card get the sbi cashback card with 10k limits, which they need to rationalise and divide between the two.
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HiDEaL wrote:
Thank you all for responding. @Seinfeld , @legend101 , @amitsrt786 Yes. Will keep the card for the next 11 months, at least. The trouble is that, the limits from my existing cards would be split. persevere
I heard if you first saved your SBI Cashback card on Amazon and then you will get 10% discount offer + 5% cashback.

Same trick also work on Ajio website.
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abhishek012 wrote:
I heard if you first saved your SBI Cashback card on Amazon and then you will get 10% discount offer + 5% cashback.

Same trick also work on Ajio website.
Is it true ? How does this card compares with HDFC DCB ? I am planning to HDFC DCB LTF via alumni offer 
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mojo_jojo123 wrote:
Is it true ? How does this card compares with HDFC DCB ? I am planning to HDFC DCB LTF via alumni offer 

DCB / infinia had their golden days, used to give 16.66/33.33% on amazon and others via Smartbuy, No more so. However both are good in separate segment.

Say you want to pay offline, SBI CB card will pale in front of DCB’s 3.3% (if RP used for travel).

However since you are getting DCB free, just take and keep it.. SBI CB card will definitely have restrictions in future.

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Seinfeld wrote:

DCB / infinia had their golden days, used to give 16.66/33.33% on amazon and others via Smartbuy, No more so. However both are good in separate segment.

Say you want to pay offline, SBI CB card will pale in front of DCB’s 3.3% (if RP used for travel).

However since you are getting DCB free, just take and keep it.. SBI CB card will definitely have restrictions in future.

Yeah Don't think sBI cashback is sustainable and main advantage for SBI cashback is 5% cashback in Amazon voucher which is again getting out of luck , as per SBI TnC gift card purchase is excluded from 5% , we can use DCB to get ~10% points by paying ~1.5% extra ( hdfc smartbuy charges )
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mojo_jojo123 wrote:
Yeah Don't think sBI cashback is sustainable and main advantage for SBI cashback is 5% cashback in Amazon voucher which is again getting out of luck , as per SBI TnC gift card purchase is excluded from 5% , we can use DCB to get ~10% points by paying ~1.5% extra ( hdfc smartbuy charges )
Exactly.

Most people have suggested buying GC to pay insurance premium.

But, GCs are categorically excluded from any cashback under the TnC of SBI Cashback card.

So, what's the point of keeping this trashback card?

My LTF cards like FK-Ax, amz-ICICI can do better job than this card.
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mojo_jojo123 wrote:
Yeah Don't think sBI cashback is sustainable and main advantage for SBI cashback is 5% cashback in Amazon voucher which is again getting out of luck , as per SBI TnC gift card purchase is excluded from 5% , we can use DCB to get ~10% points by paying ~1.5% extra ( hdfc smartbuy charges )

If you think out of Amazon/FK, SBI CashBack card is currently much more profitable. Bro just get and use the SBI before the restrictions kicks in full fledged.

It’s been almost 3 months and SBI CashBack has been quite profitable and I do hold an infinia which I am rarely using in these days, main reason being SBI CashBack card.

It will become trash in future, but not yet.

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legend101 wrote:
Not directly but you can buy amazon gv first and get cashback on that, and use on insurance. For me personally its been great, accepting its not giving the 10% you hoped, but its giving cashbacks all over which has been much more beneficial. I've got tons of cashback on flights, food, or even adding money to paytm wallet
Sbi cashback card on irctc gives 5% or 1% cashback?
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site specific discount are greater then general discount


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mojo_jojo123 wrote:
Yeah Don't think sBI cashback is sustainable and main advantage for SBI cashback is 5% cashback in Amazon voucher which is again getting out of luck , as per SBI TnC gift card purchase is excluded from 5% , we can use DCB to get ~10% points by paying ~1.5% extra ( hdfc smartbuy charges )
Gift card purchase don't get 5% on SBI Cashback card as per T&C?
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legend101 wrote:
Not directly but you can buy amazon gv first and get cashback on that, and use on insurance. For me personally its been great, accepting its not giving the 10% you hoped, but its giving cashbacks all over which has been much more beneficial. I've got tons of cashback on flights, food, or even adding money to paytm wallet
How do you buy the Amazon gift voucher?
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HiDEaL wrote:
Exactly.

Most people have suggested buying GC to pay insurance premium.

But, GCs are categorically excluded from any cashback under the TnC of SBI Cashback card.

So, what's the point of keeping this trashback card?

My LTF cards like FK-Ax, amz-ICICI can do better job than this card.
This is a fantastic card. Every month I am getting around 1k cashback just from normal online spends. I don’t know why you are so against it? You pay for Uber. 5% cashback. You order medicine or lab tests online. 5%. You buy something from Tata Cliq, Big Basket, Zomato etc. 5%. What more can you ask for?
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Lobogris wrote:
How do you buy the Amazon gift voucher?
From paytm or from amazon directly.
You can also buy it from gyftr sbi yono site for extra 1.5% discount but that seems to block the card for lots of people.
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Lobogris wrote:
This is a fantastic card. Every month I am getting around 1k cashback just from normal online spends. I don’t know why you are so against it? You pay for Uber. 5% cashback. You order medicine or lab tests online. 5%. You buy something from Tata Cliq, Big Basket, Zomato etc. 5%. What more can you ask for?
I take your argument to my heart. I have got some 24 credit cards from almost all major providers. I manage to get a 10% discount from almost all these sites at any given time (barring some odd days, when I choose to postpone my purchase)... So, that is reason enough I am not a big fan of this 5% wala card, more precisely because, it completely scraps the 10% seasonal offers available on other SBI cards.
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I dnt knw why people hate this card so much, it is such a useful card, it gives 5% cashback without any efforts, be it zomato, amazon, flipkart, nykaa or brand specific websites ( i prefer purchasing directly from their websites ) like van huesen, peter england, I am assured a 5% cashback for every txn. 

I use skyscanner for flights and the prices they offer doesnt accept any further card or coupon discount neither affiliate websites track it, here sbi cashback cad comes handy and I am assured 5% cashback anyway.

it has become my goto card for all the txns online, I have stopped using amazon pay card ( bcz cashback comes in pay balance) and also flipkart axis card which gives 4% on uber and other associated merchants but sbi card is best among them.

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HiDEaL wrote:
I take your argument to my heart. I have got some 24 credit cards from almost all major providers. I manage to get a 10% discount from almost all these sites at any given time (barring some odd days, when I choose to postpone my purchase)... So, that is reason enough I am not a big fan of this 5% wala card, more precisely because, it completely scraps the 10% seasonal offers available on other SBI cards.
I also have cards like Airtel Axis which give 10& on Zomato and Big Basket but the point is this one card gives you 5% direct cashback on all online spends. It is the absolute best possible card.
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legend101 wrote:
From paytm or from amazon directly.
You can also buy it from gyftr sbi yono site for extra 1.5% discount but that seems to block the card for lots of people.
Amazon is limiting the amount of GV purchased via CC and gyftr simply block the SBI cc, trying ofr almost a month and every time i try to purchase any GV it blocks the card. Has it ever worked for anyone who has SBI CB CC?
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Pravnz wrote:
Amazon is limiting the amount of GV purchased via CC and gyftr simply block the SBI cc, trying ofr almost a month and every time i try to purchase any GV it blocks the card. Has it ever worked for anyone who has SBI CB CC?

I  got the card last month and on gyftr, it kept on getting blocked for few days. Finally it worked. This month, it worked without issue. I used yono app to navigate to  gyftr website..

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akki4554 wrote:

I  got the card last month and on gyftr, it kept on getting blocked for few days. Finally it worked. This month, it worked without issue. I used yono app to navigate to  gyftr website..

I don't have savings account with SBI, so, Yono app will not be an option for me 😟
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Seinfeld wrote:
Limit does get divided bro.
Most ppl with good limits on their first SBI card get the sbi cashback card with 10k limits, which they need to rationalise and divide between the two.
How can I divide the limit of my first SBI cc with SBI Cashback CC. Since I got only 10k. TIA.
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bond007 wrote:

I dnt knw why people hate this card so much, it is such a useful card, it gives 5% cashback without any efforts, be it zomato, amazon, flipkart, nykaa or brand specific websites ( i prefer purchasing directly from their websites ) like van huesen, peter england, I am assured a 5% cashback for every txn. 

I use skyscanner for flights and the prices they offer doesnt accept any further card or coupon discount neither affiliate websites track it, here sbi cashback cad comes handy and I am assured 5% cashback anyway.

it has become my goto card for all the txns online, I have stopped using amazon pay card ( bcz cashback comes in pay balance) and also flipkart axis card which gives 4% on uber and other associated merchants but sbi card is best among them.

if you are settling for Skyscanner fares, you are really missing out on multiple bank offer. Do check on other websites for bank offer and senior citizen fares, if applicable. Whatever cashback you might have amassed via SBI for flight tickets will never match the upfront discount you get with bank offers. Its useful if you do not have any other offer available but that's rarely the case. On flipkart you can get better offers with upfront discount + 5% CB with FK axis card. On top of it one has to consider the 1k fee as well. 

Just a piece of advice- do compare prices before purchasing apparels directly. They are generally overpriced on their official websites. 

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Lobogris wrote:
This is a fantastic card. Every month I am getting around 1k cashback just from normal online spends. I don’t know why you are so against it? You pay for Uber. 5% cashback. You order medicine or lab tests online. 5%. You buy something from Tata Cliq, Big Basket, Zomato etc. 5%. What more can you ask for?
do you know Tata Cliq, Big Basket always have other bank offers greater than 5%? Specially bigbasket, you can buy a GV at 5% off and use tata neu for another 5% back. SBI card as i understand doesnt give CB on gift cards. Whereas if bought via amazon, you can get upto 5% back via the apay card.
If you are not utilizing these offers you are basically loosing out on better benifits by using the SBI card. 
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