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SBI Cashback Card current Cashback Thread

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IndianDimer
Apply for SBI Cashback Crdeit Card from here - https://www.sbicard.com/sprint/ca...ck
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.

Deal Wiki

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 Lieutenant Deal Lieutenant
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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.
3385 Comments  |  
332 Dimers
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Deal Newbie Deal Newbie
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Card not getting accepted on DMart website. Tried twice and payment failed both the times/ Only good part is, although both transactions were rejected, card was not blocked. 😊

Something odd between SBI Cashback card and DMart. Has anybody done successful DMart.in transaction by using SBI Cashback card?

Deal Subedar Deal Subedar
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dmart ready?
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Post Emperor Post Emperor
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Is cashback counted as a payment or not?

Deal Cadet Deal Cadet
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dont take that risk and pay bill in full. avoid further headaces.
View 3 more replies
Deal Newbie Deal Newbie
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How much for cred fastag recharge and redgiraffe rent through payzapp? Did anyone got charged extra for Rent? 

Finance Mentor Finance Mentor
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As per several tweet posts SBI have started debiting rewards given to users during 10% sale. They had sent this warning email in September, when we were able to get 15% on amazon. As of now I have not found posts for any CashBack cards, fingers crossed 🤞.

A683EC59-497F-4806-85CD-A971DB7ED8C1

6362892E-68D5-4EEE-98E9-F1DA22EF6F30


Mostly simplyclick affected.

Generous Generous
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Damn… I had ordered for a friend at discount during that Amazon sale 😢
View 5 more replies
Helpful Helpful
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26-Sep

Dear Cardholder,

This is to inform you that Reward Points accrued on transactions eligible for Instant Discount and Cashback offers will be forfeited as per T&Cs of the Offer Program. Reward points will be forfeited for all transactions done during offer period and considered for Offer computation.

In case a 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 his / her credit card account.

In case of any other query, would request you to please contact the SBI Card Helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.

Warm regards,
SBI Card

Deal Captain Deal Captain
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hope its not for cashback card as here its cashback not rewards points, also i havent got any such email in sept also (i hold cashback card)

Deal Newbie Deal Newbie
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Has anyone tried this card on nearbuy? Do we get 5% or 1% or 0?

Community Angel Community Angel
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It should be 5% definitely. I haven't tried though.

Post Emperor Post Emperor
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Cashback card also started debiting..

View 5 more replies
Deal Cadet Deal Cadet
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Will insurance payments at Amazon using cashback card get 5%?

Deal Captain Deal Captain
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no, buy gv and then pay
Deal Newbie Deal Newbie
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If i purchase ola electric bike from sbi cash back credi card will i be getting 5 % cashback

Deal Subedar Deal Subedar
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yes, also get hyper sunday cashback
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Post Emperor Post Emperor
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Cashback card deduction disappointed..
Helpful Helpful
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Cashback card ? 

View 5 more replies
Deal Captain Deal Captain
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basically sept end and oct first week there was amazon sale where every day card discount was getting applied, all that cashback 5% reversed

2451+4181 for me reversed in two cashback cards

Deal Captain Deal Captain
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we all should atleast file a complaint to sbi first and escalate till nodal and then write to rbi for same

Generous Generous
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Only RBI is the way They had informed date as 7th October for implementing this but did it from sept itself 
View 1 more reply
Deal Cadet Deal Cadet
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"PAYTM NOIDA IN" Do we get 5% for this?

Deal Cadet Deal Cadet
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1%

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Flame Flame
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Anyone tried by loading money in jio pos lite and got cb in sbi cashbak card Please confirm if anyone tried
Wingman Wingman
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No. It will go through Paytm Gateway so it is just giving 1% cashback considering it as wallet reload. 
View 5 more replies
Deal Cadet Deal Cadet
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Recieved incorrect cashback credit from what is mentioned in statement. January statement says 465 cashback but credited only 204 today. Anyone facing same issue?

Deal Cadet Deal Cadet
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Recieved incorrect cashback credit from what is mentioned in statement. January statement says 465 cashback but credited only 204 today. Anyone facing same issue?

5E3B64F0-A943-46E1-8CFD-91B70A7A224A

6631E7C1-E64A-4222-85B9-18097DBE1CF8



Budding Star Budding Star
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Looks like they deducted for sep-oct extra cashback.


Have you purchased anything worth around 5225rs. In 10% discount sales in September - October.

View 4 more replies
Deal Subedar Deal Subedar
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Hi,

How to check which transaction gave 5% and which transaction gave 1% cashback? 

Deal Cadet Deal Cadet
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Manual Calculation
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Benevolent Benevolent
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Anyone knows how does Paytm tuition fee payment appear in bank statement? Thinking to do rent payments via this. Will owner get to know if I did tuition fee payment 😅?

Budding Star Budding Star
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In tution fees they are not allowing normal upi I'd maybe they require current account upi id or maybe registered as educators

View 5 more replies
Deal Newbie Deal Newbie
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No more additional 1.5% discount from gyftrr sbi yono?

Budding Star Budding Star
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Still available in 3% discount from gyftr.com/sbicard

View 12 more replies
Deal Cadet Deal Cadet
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I have done an international txn via sbi cb card. Will I get a CB?

FYI - it was not done via PayPal

Deal Cadet Deal Cadet
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Yes
Deal Cadet Deal Cadet
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SBI may reverse cashback for gyftr just like Amazon discount days purchase cashback reversal

Deal Cadet Deal Cadet
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That's the hottest topic of discussion now !!

Point to be noted is: 
On Amazon T&C it is mentioned - sbi cashback card will not not be allowed.

On Gyftr: Nothing is mentioned as such. However I feel wherever instant discount is offered sbi cashback will be forfeited. Still its chances are less. 

Rest you comment your opinion 
View 6 more replies
Deal Cadet Deal Cadet
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Guys any suggestions how to use the Paytm 4k trick without getting it disabled from Paytm side. I used to load 4k every month but then Paytm blocked it. Now it's allowing me again. I'm looking for suggestions from dimers who use Paytm trick every month and have not got blocked

Generous Generous
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Try to keep it genuine, thiys is just my suggestion One paytm acc, one cc, one third party acc Dont transfer added balance immediately to bank, use few hundred and transfer rest after few days.
View 1 more reply
Helpful Helpful
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Purchased swiggy gift card with 9% discount in Amazon app and no cashback added in sbi app.Is this correct.

Generous Generous
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Transaction settled?
If it was done yday (Tuesday) then wait till morning.
View 2 more replies
Deal Cadet Deal Cadet
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SBI  has severely  trapped us in the greed of 5% cashback.  I curse SBI 

Deal Cadet Deal Cadet
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I don't know why everyone feels cheated now that most loopholes are ending. Most of the users have made money through cashback and should focus on that rather than cursing SBI for things ending in the future. Is there any other card that gave you 5% cashback (and is still giving on online payments!)

Budding Star Budding Star
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Everyone felling bad because sbi reversing given cashback if they don't want to give cb they shouldn't have credited that

View 34 more replies
Deal Newbie Deal Newbie
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Can anyone please confirm if 5%  cashback applicable for below transactions

1. Flipkart groceries and shopping

2. Uber / Ola app can payments

3. Swiggy /Zomato app

Deal Newbie Deal Newbie
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Yes

Deal Cadet Deal Cadet
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sbi yono gyftr is showing now amazon vouchers at 0% discount

Helpful Helpful
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both gyftr/sbiyono and gyftr/sbicard offer expired on 3 jan, now wait for new offer to come
View 8 more replies
Deal Newbie Deal Newbie
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Can anyone confirm whether we can get 5%cb using SBI Cashback card for utility bill payments like postpaid, broadband, insurance etc (paying directly using card)?

If direct payment doesn't give 5% cb, any other mode possible for this?

I have Axis Freecharge plus card also. So which one will be better?


Budding Star Budding Star
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Direct utility payments will give only 1%
Buy amz gv first for 5% then pay bills via Amazon pay balance

View 6 more replies
Helpful Helpful
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5000 cashback showed on ap but only 1000 credited 😔 any help what to do

Budding Star Budding Star
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Different must be deducted for sep-oct transaction on amazon check your September statement

Deal Cadet Deal Cadet
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I think we should buy amazon voucher from Gyftr direct website - where instant discounts are not given. On which we can earn 5% cashback.

THis is because Gyftr Sbi is giving instant discounts and as per sbi cashback T&C - Cashback will be forfeited on txn where instant discounts were given.

Hence i recommend to guy amazon vouchers from gyftr where instant discount is not given.

Deal Lieutenant Deal Lieutenant
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We aren't getting any discount for using SBI Cards 

They are just promo codes! 

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