Yes of course
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SBI Card PhonePe SBI Card – CVP new SBI CC launching
Divyansh01
TF Select
Is there any redemption fee for redeeming points of PhonePe SBI Card ?
Bravo Echo
TF Premier
No . .
Divyansh01
TF Select
from where to redeem ?
Bravo Echo
TF Premier
U need to call customer care
Divyansh01
TF Select
Can we redeem it to cash ?
Bravo Echo
TF Premier
Yes u can redeem it against statement at 1:1
You can buy Amazon gv etc from Amazon website, SBI Card Gyftr website, Cred app, Maximize money, zingoy etc
Note - 5% cashback also eligible through UPI payment.
this card - mcc code restriction category is very less compare to sbi cashback credit card.
exactly, this is what i was looking for can be similar /or tad bit better than OG S B I Cash Back card
NishanthSN
TF Select
If the order cancelled on oct 31 and refund comes on November month and if I do 40k online will I get 2k points or the refund reduces this cap?
Even for same month if the order is cancelled then on subsequent order the cap will be reduced ? I have a bad experience I cancelled 62k purchase without giving me 2000 points they reduced points on cancellation as the refund arrives before cancellation.
So if the order is settled and only refund comes, then we have no capping issue on subsequent txn?
@Abhishek012
Even for same month if the order is cancelled then on subsequent order the cap will be reduced ? I have a bad experience I cancelled 62k purchase without giving me 2000 points they reduced points on cancellation as the refund arrives before cancellation.
So if the order is settled and only refund comes, then we have no capping issue on subsequent txn?
@Abhishek012
The_One
TF Select
i think i can answer a little on this based on my real experience.
placed an order on amazon on 1st October more than 40k. received 2k RP.
bill generated on 3rd October & redeemed those 2K RP in statement credit. now on 17th October, order returned and transaction reversed and i placed an order of around approx. 24k on 24th October at flipkart when all this settled. i have -800 reward point balance and cancelled order reverse transaction date in 1st October.
so even if you cancel the earlier transaction, subsequent transaction should get reward point. Hope this helps.
The_One
TF Select
OK. THANKS a ton for the info. Let's tabulate and update.
Request : Let's NOT drag this thread from Tenali to Manali. Please provide complete info i.e,.
instead of saying "I paid and inconvenience is 2%" 🤷♂️ specify clearly "I paid elec bill using rupay UPI pin and inconv fee is 2%"
SBI BLACK PHONEPE
Variant 💱 Mode of payment 💳 Inconvenience charges for Utilities 😡 Inconvenience charges for Insurance 😡 Success rate on 10% 🌮 VISA OTP 1% 1% ONLY IF merchant name is UTILITY PP FSS IN or phonepeutility Rupay UPI PIN 2% 1% 100% Rupay OTP 1% 1% ONLY IF merchant name is UTILITY PP FSS IN or phonepeutility
Welcome benefit : 1500 voucher will be received within 45 days of first bill payment, not after card approval. Fulfilled for @Wealth is my birth right!
Reward cycle : Calendar month. All the settled transactions in a calendar month.
Redemption : statement credit by calling the CS over phone.
Redemption fee : Zero as reported by @summary1256
Minimum redemption points : 500 points as 500 rs as reported by @MintedMoves
@HumorSimpson
I did a airtel recharge today via PhonePe app and my card is Rupay variant.
Breakup:
Recharge Amount: 3999
Convenience Fee inclusive of GST [c] 31.19
Platform fee Inclusive of GST [P] 5
Total amount charged: 4035.19
I do not think its 2% for utilities if mode of payment is UPI Pin with SBI PhonePe Rupay variant. I did not tried with bill payment to confirm but just sharing what i found.
But is it documented feature or just a loophole that UPI via card is also earning 5% & 10% rewards on corresponding categories (as reported by few members)?
The_One
TF Select
I do not think its ever mentioned anywhere by upi or pin, its just says utility payment done via phonepe platform will earn 10% rewards. we all are just checking where convenience fees is low. Kindly share more info if you have for all of us.
There are no loop holes. What @The_One mentioned is, UPI attracted less inconvenience charges than I have recorded in the table.
OK. I will add at the bottom of the table. Few utils have ~1% and others ~2% on UPI, it seems.
I booked a flight yesterday on PhonePe using the SBI Black card. I made the card transaction by entering the OTP. I'm hoping to get 10% RP. The merchant name is "IXIGO IN". I will update tomorrow.
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Most probably it will be rejected with the same reason unless you close few cards or reduce the limit on existing cards.
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