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IS SBI cashback card a scam?

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ak7550

ak7550

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It seems like SBI Card is scamming people under the name of cashback card, which is supposed to provide 5% cash back in all online transactions (except Insurance, utility bill payments and other standard exemptions.) I am using this card for all my online transactions from last 2years. Recently I am noticing that instead of getting 5% cashback in my credit card statement, I am getting overall 2.9-3% cashback although all of my transactions are online transaction.

I tried to contact with SBI Card customer care team to discuss about this matter and explain if there's any recent changes in their t&c. But it seems like no-one either do not know the exact answer or not ready to response to their customers.

I am attaching a screenshot of my recent credit card statement, along with the cash back that I have received.

Does anyone know about any recent changes about SBI cashback card's cashback policy?

1729934205293.webp

If you see here, I have made 1 insurance premium worth 1411 to policy bazar, rest of all the transactions are normal online transaction. But despite of all I have received only 297 rupees as cashback in this billing cycle.
 
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Solution
helloworld
ak7550 said:
r u sure about that ?
they are all online payments, right...
Click to expand...

It's not about whether the transaction is online or offline—it's about the Merchant Category Code (MCC). If the MCC is eligible, you'll get 5% cashback; if not, it will be 0% or 1%. That's the key factor.

Btw, this applies to all banks and all cards, not just the Cashback card.

To check the MCC, make a small test purchase and then contact customer support to ask for the MCC of the transaction. Once you have the code, search it online to determine if it qualifies for the 5% cashback. Only then should you proceed with larger transactions.

1729936481904.webp

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ak7550 said:
It seems like SBI Card is scamming people under the name of cashback card, which is supposed to provide 5% cash back in all online transactions (except Insurance, utility bill payments and other standard exemptions.) I am using this card for all my online transactions from last 2years. Recently I am noticing that instead of getting 5% cashback in my credit card statement, I am getting overall 2.9-3% cashback although all of my transactions are online transaction.

I tried to contact with SBI Card customer care team to discuss about this matter and explain if there's any recent changes in their t&c. But it seems like no-one either do not know the exact answer or not ready to response to their customers.

I am attaching a screenshot of my recent credit card statement, along with the cash back that I have received.

Does anyone know about any recent changes about SBI cashback card's cashback policy?

View attachment 73282

If you see here, I have made 1 insurance premium worth 1411 to policy bazar, rest of all the transactions are normal online transaction. But despite of all I have received only 297 rupees as cashback in this billing cycle.
Click to expand...
You are right Dear ,I am also using this card since last two years .I also noticed same .stop using it now more often .this card is not of that worth ,what it's features says or SBI claims.
 
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Rsuman3 said:
Major drawback of this card there is no instant discount offer ,in instant discount offer one can earn more ...
Click to expand...
+1
43 days old card , 2.12L spend , 9191 rs cashback. Abhi bhi ye month ka 150 cb baaki rkha hai petrol ke liye 😜 .

May month me mene cashback ke jagah octane liya tha. Socha tha cb jyada useful nhi rhega already millennia+ Amazon hai isliye . Lekin 2 months me 9k cb 😍 . 4-5 lakhs spend krne ke baad LTF ke try krunga ab .....
 
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Shubham7 said:
+1
43 days old card , 2.12L spend , 9191 rs cashback. Abhi bhi ye month ka 150 cb baaki rkha hai petrol ke liye 😜 .

May month me mene cashback ke jagah octane liya tha. Socha tha cb jyada useful nhi rhega already millennia+ Amazon hai isliye . Lekin 2 months me 9k cb 😍 . 4-5 lakhs spend krne ke baad LTF ke try krunga ab .....
Click to expand...
instant comes only during sale..and sales come in few times in whole year..rest of the time cb card keeps u going..getting simply cc is easy from sbi
 
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Rsuman3 said:
Major drawback of this card there is no instant discount offer ,in instant discount offer one can earn more ...
Click to expand...
SBI is not stopping you to take another card. Single card cannot give you everything. I took SBI BPCL just for sales and using it for fuel recovers nominal fee easily.
In simple words your expectation from a cashback card is completely wrong.
You Are Wrong GIF by Anupam Kher
 
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Prem03 said:
SBI is not stopping you to take another card. Single card cannot give you everything. I took SBI BPCL just for sales and using it for fuel recovers nominal fee easily.
In simple words your expectation from a cashback card is completely wrong.
You Are Wrong GIF by Anupam Kher
Click to expand...
bpcl is better than simply..reason..gives u rp on fuel..simply doesnt..both works in sales..both doesnt give rp in sales..bpcl has 50k waiver limit..simply has 1lac
 
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rounakbhowmik said:
Is there any place available where we can purchase an Amazon Pay gift card right now? I checked Park Plus, Magic Pin, Tata, and Amazon, but none of them currently offer the gift card for purchase to avail 5% cashback .
Click to expand...
I am also looking for site that gives 5% sbi cc cashback on gift card did you find any ?? (For amazon prime voucher)
 
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