New Cashback SBI card launched!

[pjain2712]

5% Cashback on all online spends upto ₹10000, without any merchant restrictions.

Cashback not applicable on Rent Payments, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.



Application link: Click here to apply for cashback card

Card Review: https://www.technofino.in/sbi-cashback-credit-card-review/

UPDATE: CASHBACK SBI Card will be revised w.e.f. 01 May'23. For details, click https://sbicard.com/CashbackCard

 

[Gautham]

Anyone managed to get SBI CB card with Sprint?

 

[Cryptopsycho]

Anyone managed to get SBI CB card with Sprint?

yes I got. Though physical card is yet to arrive!!

 

[Gautham]

yes I got. Though physical card is yet to arrive!!

very lucky indeed, Just in time before the festive sales. Amazon partnered with SBI.

 

[007]

I believe as it is running on FYF basis, it would be reversed shortly. Somewhere I read that's how it works in SBI ecosystem .

Edit: GST component may not get reversed .

Nope that was regarding renewal fee reversal upon doing required spends. And GST is reversed too.
I got SimplyCLICK last month during the FYF offer and they didn't charge the joining fee.

 

[Cryptopsycho]

very lucky indeed, Just in time before the festive sales. Amazon partnered with SBI.

don't know if cashback card would be eligible for Amazon sale! Fingers crossed!!

 

[Gautham]

don't know if cashback card would be eligible for Amazon sale! Fingers crossed!!

This is the first sale since the card launched. Hardly 1000s would have this card. So I guess, it is safe this time.

 

[Cryptopsycho]

This is the first sale since the card launched. Hardly 1000s would have this card. So I guess, it is safe this time.

It's not about how many have it! It's about rules... let's hope it is included!!

 

[iAmPm]

yes I got. Though physical card is yet to arrive!!

Can we use it for online transection before it arrives?

 

[Gautham]

Can we use it for online transection before it arrives?

Yes, you can.

 

[Cryptopsycho]

Can we use it for online transection before it arrives?

yes we can.... I have already transacted!

 

[rjsudeep]

No

It does, I already got a CIBIL enquiry despite having SimplyCLICK and SimplySAVE.

 

[rjsudeep]

I don't think they will give the 10% cashback offer for this card. Possibly only the 5% and the Yono 5%.

Cashback SBI Card is the best CC for purchases during sale on Flipkart.(19% cashback*)
1. 10% instant discount (generally)
2. 5% CB on Card
3. 5% CB in form of Flipkart GC on ordering via YONO

TOTAL CASHBACK = (19%)*
* = Exceptions


IMG_20220902_004750.jpg
Also, for upto ₹15000 purchase (total CB = 19%)

T&Cs for 3rd point :- https://yono.store.flipkart.com/pages/yono-sbi-tnc/

 

[rjsudeep]

People with no prior relationships are easily getting the card, approved almost instantly through Sprint. Existing holders of SBI cards are facing challenges.

For those who have applied, whats the success rate of the applications going through? Do not have any SBI card, good CIBIL, and 2+ yrs of relationship with SBI. Good enough to apply?

 

[rjsudeep]

They might stop or plug it soon. It is not sustainable for sure.

@pranavcool seems bank offer is working

 

[rjsudeep]

Hi All,
Getting the Upgrade offer from HDFC.
They are offering Regalia or Millennia CC.
Is it now worth to go for Regalia or Millennia CC after SBI Cashback card are now launched.
Let me know.

I think because of SBI aggressive card they are offering to more people.


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You could go for Millenia. It is a pretty decent rewarding card, and can be used to get CB for Rent and Wallet Loads, which SBI Cashback doesn't provide.

 

[rjsudeep]

Yup. Works perfectly fine if you haven't been approved for a SBI card in last 90 days. If yes, then you'll have to wait for the cooling period to get over (90 days).

Wasn't perfectly fine. I had not applied for any SBI card in the last 180 days, yet the process was very buggy and now I got a rejected as per internal policy screen. Already have a SimplyClick and a SimplySave.

 

[rjsudeep]

I think that would come under the MCC for wallet loads and hence be excluded from any kind of cashback, even 1% may not be applicable.

Can anyone confirm if we get 5% cashback on buying Amazon GV and then using that for insurance/bill payments?

 

[CC_Fetish]

People with no prior relationships are easily getting the card, approved almost instantly through Sprint. Existing holders of SBI cards are facing challenges.

They rejected my application!! I already have 2 sbi cards. How the hell can they reject when I am getting an approval for Magnus simultaneously! Idiots!

 

[rjsudeep]

@ashwink @rjsudeep any idea or guesses?
Also do we get 5% cashback on amazon gift voucher purchase using Amazon Pay card?

No mate, as far as I'm aware, these GV purchases get tagged as Wallet loads. At least it used to be the case for my other SBI cards. I don't think they will leave such a gaping loophole.

 

[rjsudeep]

They rejected my application!! I already have 2 sbi cards. How the hell can they reject when I am getting an approval for Magnus simultaneously! Idiots!

Same here mate, same here! I think they don't want existing cardholders to benefit from this, as we may end up closing the other lesser rewarding cards. Possibly this card is aimed at taking away market share from other players.