Good News SBI launched CASHBACK Credit Card

[greylala91]

got digital card today. Will use it soon. However, i am unable to create username password for sbi card app. Always says bank server is busy.

 

[hike]

got digital card today. Will use it soon. However, i am unable to create username password for sbi card app. Always says bank server is busy.

No worries try clear app cache and in most of the case app registration work in bank working hours sharing personal experience.

 

[hike]

SBI CB Card Cashback settlement :-


Also cashback received in current statement will credit within 2-3 days of statement generation.

As per my latest statement, things have being changed the settlement amount reflect in unbilled after 2-3 days of statement generation. But, not credited on same time will credited at the time of new statement like Axis Bank does.

 

[Kmr]

Devaluation Alert SBI Cashback Card :

REVISION OF BENEFITS ON CASHBACK SBI CARD:

With effect from 01 May 2023, following changes will be applicable on your CASHBACK SBI Card:

A. Below categories will not be eligible for Cashback benefit, apart from existing exclusions:

Category Merchant Category Code (MCC)
Jewelry 5051, 5094, 5944, 7631
School & Educational Services 5111, 5192, 5942, 5943, 8211, 8220, 8241, 8244, 8249, 8299, 8351
Utilities 4814, 4900, 9399, 4816, 4899
Insurance Services 5960, 6300, 6381
Card, Gift, Novelty & Souvenir Shops 5947
Member Financial Institution/Quasi Cash 6011, 6012, 6051
Railways 4011, 4112

The Merchant Category Codes are defined by the Networks and are subjected to change basis their discretion and such changes shall be implemented basis communication from the Networks without any requirement for intimation/information to the customers.

B. Maximum Cashback that can be earned on online & offline spends in a statement cycle will be capped at `5000.

C. Complimentary Domestic Airport Lounge benefit will be discontinued. For more details and other Terms and Conditions, please visit sbicard.com
Tata bye bye good bye gaya

 

[Prime]

How to check MCC of transactions (billed/unbilled) ?

 

[ssparikshya]

Turned into trash

 

[Kmr]

Turned into trash

Now it's become another chunk of plastic

 

[hike]

Now it's become another chunk of plastic

They are still offering cashback on online shopping.

 

[Esmail]

Maximum Cashback that can be earned on online & offline spends in a statement cycle will be capped at `5000.

This is the point that I'm most concerned about, the other ones about the excluded categories doesn't affect me as much. I had got 7000 cashback in my first statement now it will be capped at 5000. No point spending more than 1 lac online on this card in a month.

 

[greylala91]

This is the point that I'm most concerned about, the other ones about the excluded categories doesn't affect me as much. I had got 7000 cashback in my first statement now it will be capped at 5000. No point spending more than 1 lac online on this card in a month.

I was thinking of closing Amazon pay ICICI and FLipkart Axis and shift totally to SBI Cashback card. I dont think its possible now. Cred can help out in keeping track of spends on SBI and make sure that I dont cross 1 lakh. I will now be using SBI card on other online platforms and ICICI, Axis on Amazon and Flipkart.