Good News SBI launched CASHBACK Credit Card

[hike]

It's no more you will be charged additionally

Actually, Cashback card doesn't offer any kind of rewards points only offer cashback. 5% on online shopping and 1% on offline and utility transection. 5% is considered as 1%+4%. Eg. You spend 100 rupees online, so 100 of 1% and again 100 of 4% i.e 1%+4%.

 

[Kmr]

Actually, Cashback card doesn't offer any kind of rewards points only offer cashback. 5% on online shopping and 1% on offline and utility transection. 5% is considered as 1%+4%. Eg. You spend 100 rupees online, so 100 of 1% and again 100 of 4% i.e 1%+4%.

This is to tackle those who are get 10+5 % during sales offers.

 

[Prithi Deb]

This is to tackle those who are get 10+5 % during sales offers.

So, how much do we get during sales? 10% or 5%?

 

[Kmr]

So, how much do we get during sales? 10% or 5%?

Only 5% for cbc 10% for normal ccs if you have availed additional 10% instant discount offer you will charged full value for cbc

 

[Esmail]

So, how much do we get during sales? 10% or 5%?

Ideally it should be 11% which is 10% instant discount and 1% cashback for those transactions.

 

[Prithi Deb]

Still confused.

Example, when I try to buy something worth ₹75k, I am getting around ₹5,500 instant discount by using SBI SimplySave Card.

If I try to buy the same product using SBI Cashback Card do I get ₹5,500 instant discount or 5% Cashback (₹3,750)?

 

[Esmail]

@Esmail it was written all online spend. Utility isn't a online spend?

They have clearly mentioned that bill payments and recharges are not eligible for 5% cashback. But I have read that ppl are getting 5% cashback for loading Amazon wallet, so you can load the wallet and get the cashback and use the wallet balance to do the recharge and bill payment.

 

[Esmail]

Only 5% for cbc 10% for normal ccs if you have availed additional 10% instant discount offer you will charged full value for cbc

If that was the case then they would just bar the SBI cashback card from the 10% instant discount similar to how Flipkart bars the Amazon pay ICICI card from their discount offers.

 

[IndiaN]

They have clearly mentioned that bill payments and recharges are not eligible for 5% cashback. But I have read that ppl are getting 5% cashback for loading Amazon wallet, so you can load the wallet and get the cashback and use the wallet balance to do the recharge and bill payment.

Amazon Already Stopped Credit Card for Wallet Load

 

[hike]

Amazon Already Stopped Credit Card for Wallet Load

Yes

Maybe they know the trick and restricted. Also, they are allowing AmazonPay balance to transfer in Bank account. And, to keep them safe from heavy charges they are doing this.
Safe side.