SBI Card PhonePe SBI Card – CVP new SBI CC launching

[Krishna Kumar]

Does anybody know what the upper limit for redemption of points is ? It might be too tedious to call them every few weeks.

Try emailing them. Prepare a template email and use it whenever you want.

 

[Abhishek012]

@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

View attachment 113248

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.

Prepaid/Postpaid recharge - UPI charge less conv fee.
Electricity - Card otp transaction charge less conv fee
Insurance - both card otp and UPI charge same conv fee.

@Krishna Kumar
@R_A_J
@The_One

 

[Abhishek012]

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)?

Dude! Card payment and UPI payment both are same thing. Both are payment network.

It takes Indians a little while to get used to new things.

I’m not telling you this personally, but a few days ago a very big credit-card influencer did an AMA on Twitter. He was saying the same thing — I don’t think UPI gives good rewards — but he was definitely recommending RuPay credit cards, including the SBI PhonePe RuPay card.

It’ll take Indians years to understand that cards and UPI are basically the same thing; only the way they operate is different.

It’s like calling a sedan a ‘car’ but insisting an SUV isn’t a car.

UPI also has MCC codes, just like cards. UPI also has merchant IDs, just like cards, which let you tell which merchant a payment went to. UPI works through payment gateways too and you can get rewards/cashback on UPI as well. Credit-card payments through UPI also involve an MDR, which is how banks make money.

@Krishna Kumar
@The_One

 

[nikhilv0303]

Anyone got the PhonePe card approved till now after reconsideration in over leveraged case?

 

[Pachiboy]

Anyone got the PhonePe card approved till now after reconsideration in over leveraged case?

I also got rejected today for PhonePe SBI with the message: due to internal policy reasons. I already hold the SBI CB card.

 

[The_One]

OK. I will add at the bottom of the table. Few utils have ~1% and others ~2% on UPI, it seems.

I will try to pay electricity bill
In November than update. I usually pay it with Amazon pay but can try once for clarity. Wil share once done.

 

[Krishna Kumar]

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.

UPDATE: Received 10% RP

 

[harshraj013]

Reward point capping is per calendar month or statement cycle?

 

[marmod]

Quick question. I got this Select Black card and am using it. I also hold SBI Simply Click card. Should I keep SBI SC after this or close it ?

 

[HumorSimpson]

Quick question. I got this Select Black card and am using it. I also hold SBI Simply Click card. Should I keep SBI SC after this or close it ?

Keep SC for atleast next April. If it confirms that black 🖤 is not forfeiting instant discount only then close simply click .

 

[marmod]

Keep SC for atleast next April. If it confirms that black 🖤 is not forfeiting instant discount only then close simply click .

Thank you ! SC fee waiver spend target is just 1L and I have already hit that. I will keep it until I get this confirmation and close it if it is redundant. Just don't want to hold too many cards.

 

[R_A_J]

Thank you ! SC fee waiver spend target is just 1L and I have already hit that. I will keep it until I get this confirmation and close it if it is redundant. Just don't want to hold too many cards.

@marmod Your this attitude "Just don't want to hold too many cards" has made you worthy of the PhonePe Black card by overpowering the Overleveraged ghost. 😉 😎

 

[HumorSimpson]

@marmod Your this attitude "Just don't want to hold too many cards" has made you worthy of the PhonePe Black card by overpowering the Overleveraged ghost. 😉 😎

Yes but the user name does not check out. Sounds like maar(beat) mod(moderator )

 

[Abhishek012]

Reward point capping is per calendar month or statement cycle?

Calender month . .

 

[R_A_J]

Anyone got response on their reconsideration request after overleveraged decline...other than a 12-15 days timeline?

 

[nikhilv0303]

Anyone got response on their reconsideration request after overleveraged decline...other than a 12-15 days timeline?

No updated after the 15 day timelines

 

[christiano]

Does this card give 5% cashback on buying amz gift card from amazon website?

 

[itzmycard]

Anyone got response on their reconsideration request after overleveraged decline...other than a 12-15 days timeline?

First time I applied through sprint and got rejected. Sent reconsideration request, within 2 days got reply rejected due to overleveraged. This time applied through phonepe and once again rejected. They once again took reconsideration request but till now no response even after 4 days

 

[nikhilv0303]

First time I applied through sprint and got rejected. Sent reconsideration request, within 2 days got reply rejected due to overleveraged. This time applied through phonepe and once again rejected. They once again took reconsideration request but till now no response even after 4 days

🫡 🫡 🫡

 

[Nikhilize]

Does this card give 5% cashback on buying amz gift card from amazon website?

You can buy gc anywhere, you will get 5%