Saraswat RuPay Credit Card - 20% Cashback upto Rs.100 on the month's first utility bill payment (Gas, Electricity, Telecom, DTH)

https://www.saraswatbank.com/content.aspx?id=Utilitybilloffers
This offer has been officially renewed for the third year in a row now.

Offer Details

1. Cashback of 20% on utility bill amount, upto Rs. 100/-.
2. On the first utility bill paid by credit card holders, every calendar month, during the period 1st April 2024 to 31st March 2025.
3. Utilities – Gas / Electricity / Telecom / DTH
   

The availability of the offer is based on the following criteria
1. Offer is valid to all credit card holders in this period.
2. Transactions through wallets using credit card are not eligible for the offer. E.g. PAYTM
3. The offer will be valid for transaction made from mobile app and web portal of the respective utility vendors.
4. The transaction may be feasible on the app or portal as per the payment gateways.
5. The cash back will be credited to card statement in the subsequent billing cycle.

FAQs -
1. How to get this card?
The card is available to only existing Saraswat customers with a FD / Savings Account and has a completely offline application process. The bank has branches only in Maharashtra, Karnataka, Goa, Gujarat, Madhya Pradesh and Delhi.

2. Why to get this card?
There is no good reason besides this offer. The reward rate is 0.25%, the reward points expire within a year and you need over 1100 pts to redeem (and there's a convenience fee for that too). In short, your points are as good as junk.

3. Is the card LTF?
The secured version (i.e. backed by an FD) is LTF. The unsecured version has an annual spend based waiver of Rs 10k otherwise you'll be charged Rs 500 + GST.

Previous year's deal listings which talk more about this card and this offer -

2023 -
https://www.desidime.com/deals/saraswat-rupay-credit-card-20-cashback-upto-rs-250-on-the-month-s-first-utility-bill-payment-gas-electricity-telecom-dth
2022 -
https://www.desidime.com/deals/saraswat-bank-rupay-credit-card-20-on-utility-bill-amount-upto-rs-250-month-102fe912-c7d1-42be-83ed-010aba173ec3

I have been utilizing the offer for over a year now and the cashback has posted within 20-40 days without fail.
There tends to be a small surcharge (1%) from the utility provider in some cases.

To get the maximum benefit the payment should be Rs 1250. Anything above that and the percentage savings go below 20%. Anything under that and you are letting go off the Rs 250 threshold since it works only for the first utility bill payment of the month.

On a related note, Google Pay is showing Saraswat Bank Credit Card under Link RuPay Credit Card on UPI but the integration is still a work in progress with Saraswat probably not having loaded the phone numbers and card numbers as yet from their end. No other UPI app shows Saraswat as an option.