Best way to redeem SBI cc reward points

[reddymax]

Hey guys , I have been using SBI prime card since feb2023 and I have already completed 5 lakhs spends until now n further accumulated reward points of around 12k , so as I was checking to redeem the reward points through SBI rewards section , I noticed that the all the rewards over there are priced highly or that using reward points there gives a value of less than 4 points=1 rupee which is the rate if we redeem into cash (bill credit). So I was wondering if there are any optimal n more rewarding ways that I ain't aware of in regards to redemption of points.

All your valuable suggestions would be of great value and thanks in advance for the responses.

 

[panu24]

Best is redeem in cash. It cost just Rs. 99+ gst.

 

[rahulg]

0.25 INR per point is the best value that I have found in my experience. Although I suggest buying Amazon Gift Voucher instead of cash conversion to avoid the 99+gst charge.

 

[jamchamp]

I also redeemed my points recently. I opted for Ola voucher, since it's easily consumable for me. Hope this helps.

 

[VicksJ]

0.25 INR per point is the best value that I have found in my experience. Although I suggest buying Amazon Gift Voucher instead of cash conversion to avoid the 99+gst charge.

So there is no charge for e voucher redemption. My card is gold and more card

 

[Deathsnatcher]

So there is no charge for e voucher redemption. My card is gold and more card

Charges of 99 is always there wether you go for gift voucher or cash conversion

 

[rahulg]

So there is no charge for e voucher redemption. My card is gold and more card

I have not paid any charges for it till date. They say there is a charge but it was never added to my statement

 

[panu24]

I have not paid any charges for it till date. They say there is a charge but it was never added to my statement

I am always charged for my SBI prime card for cash conversion. Which card you hold where you did not see any cash conversion charges?

 

[abhiver]

No charges for Gift Vouchers.

 

[panu24]

Never tried to redeem in GV but I am sure cash conversion charges are always there.

 

[rahulg]

I am always charged for my SBI prime card for cash conversion. Which card you hold where you did not see any cash conversion charges?

I am sorry for not being clear. I was just continuing to my earlier message which was i redeem only as GV not as cash to avoid the charges.

 

[VicksJ]

Redeemed e-gift voucher. Was showing 0 charge and nothing is deducted till now. Recieved voucher yesterday

 

[Shroud]

Okay, so apart from cash redemption, which gift voucher gives the best value?

 

[rahulg]

Okay, so apart from cash redemption, which gift voucher gives the best value?

You might have to do your research based on usability and value. I found Amazon vouchers to be best for my usage.