The Unraveling of SBI Cashback card

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Last Comment 2022-11-25

2022-11-15

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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https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8843979

HiDEaL

2022-11-15

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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?

https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8844059

Seinfeld

2022-11-15

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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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amitsrt786

2022-11-15

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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

https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8844810

HiDEaL

2022-11-15

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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

https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8844820

amitsrt786

2022-11-15

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No i dont think so
My simply save limit 10k
Cashback card limit 44k

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demerius2020

2022-11-19

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site specific discount are greater then general discount

https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8875898

bond007

2022-11-19

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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.

https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8896580

DEALSTER

2022-11-24

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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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https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8897404

Seinfeld

2022-11-24

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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.

https://www.desidime.com/discussions/the-unraveling-of-sbi-cashback-card?page=1#post_8901799

DEALSTER

2022-11-25

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@Lobogris i am still contemplating whether to get it or not. I am analyzing my spends to see if i can offset the annual fee and still make a gain, while still utilizing all bank offers and using this only when there aren't any. Surprisingly in November all my credit card spends were made with bank offers. I will keep analyzing and see. The major use will be in paying insurance bills which might go above 1 lac, but for that this card has to give 5% CB on amazon GV purchase continuously.

PS - i left my application incomplete just hoping that SBI would call me and offer it as LTF. I know i am just day-dreaming 😂