SBI Credit card Reward Devaluation: Revamping
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https://twitter.com/SBICard_Connect/status/1719...
SBI new reward system going to be introduce in coming days/months for CC. Let jot down your guesses in comment section.
Seems they are going to launch new CC, similar to cashback card and eventually do devaluation of SBI cashback card.
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You are correct.
I have sbi elite card with good limit, but whenever i try to apply new sbi card like cashback or irctc premier they are just rejecting application saying that application doesn't meet internal criteria.
Can anyone know why they are rejecting my application? I applied twice in last 6 month.
Holding elite card since Feb 2023. All payments are on time. Total spend approx 1 lac till now using that card. Still they are rejecting.
SBI assigns a certain limit to every Customers and all the Cards will cover that Credit limit in total. In other words, unless you cancel the Elite Card, you cannot have another premium card. This is unlike Hdfc where Credit limit is shared sometimes between multiple cards and you can have more than 2 premium cards with same limit and spend the double using both cards for your assigned credit limit. Besides, SBI Cards are hopeless over the long run. They get devalued or break promises in a year. Don't forget to call customer care and check the actual benifits of your Elite Card and don't be surprised if if is less than what it shows online today. I have about 20 cards and have started cancelling SBI Cards as they are worthless, even if the cancel the annual fee every year!
It's already baakwas.How worse it could be.
GYM MEMBERSHIP
MILESTONE BENIFITS UPTO 20 LACS
RAILWAY LOUNGE ACCESS
I want all this in one card
Does anyone know if SBI is providing Elite card LTF? Maybe through agents or by some other means?
SBI directly do not source any Lifetime free card . Except FD based unnati card
Itna devalue toh pehle hi kr Diya hai ki simply click card seems no profit, cashback card lounge cancelled ..isse zyada devalue krenge toh log switch kr jayenge 
I guess title topic deviating here..
All coming as a blow to us
I have flipkart axis bank credit card with worst limit of 15k along with annual fee of 499+gst, and as of now i would like to close this card, I have an axis bank account and in axis bank app i didn't find any option of card closer, will anyone help where do i need to request for this
I have sbi elite card with good limit, but whenever i try to apply new sbi card like cashback or irctc premier they are just rejecting application saying that application doesn't meet internal criteria.
Can anyone know why they are rejecting my application? I applied twice in last 6 month.
Holding elite card since Feb 2023. All payments are on time. Total spend approx 1 lac till now using that card. Still they are rejecting.
SBI assigns a certain limit to every Customers and all the Cards will cover that Credit limit in total. In other words, unless you cancel the Elite Card, you cannot have another premium card. This is unlike Hdfc where Credit limit is shared sometimes between multiple cards and you can have more than 2 premium cards with same limit and spend the double using both cards for your assigned credit limit. Besides, SBI Cards are hopeless over the long run. They get devalued or break promises in a year. Don't forget to call customer care and check the actual benifits of your Elite Card and don't be surprised if if is less than what it shows online today. I have about 20 cards and have started cancelling SBI Cards as they are worthless, even if the cancel the annual fee every year!
Okk
Thank you very much for your input. Actually initially i was holding SimplyCLICK card and then told them to upgrade to elite card because i wanted higher limit. So they cancelled my old card and provided this one, now i got this was the reason behind it.
(PS. In case of upgrade they charge annual fee on old card's anniversary only so if u are thinking to upgrade sbi card, do that just after you pay fees of cheaper card, so u'll get 1 yr of premium card at old card fees)
I am also a card collector like u and holding 20 active CCs.
I have encountered worst customer experience with hdfc and kotak despite having bank account in both. And best with icici and axis in terms of everything.