Pro Tips to Make a SBI Card Life Time Free

[RkrRkr is verified member.]

Pro Tips-

Simple way to make Any basic to mid range SBI card LTF is to "Just raise a closure of card account request through Sbi card app .After few hours you will receive a call to ask a reason for cancellation ,there tell them Either make it Life time free or cancel the card.They will make your Card LTF.Done on my both sbi card and now both are LTF.Service request to make your card LTF is taken as PCT id is to be changed.You can check in service request tracking menu.

Caution:-If you holding multiple cards of SBI then kindly do this process at one card at a time only.Do on other card after at least month. If at any point SBI Card is not agreeing on LTF and offering you Annual Fee waivers only then Accept Fee waivers at that moment and Apply the same trick Again after 1 or 2 months for LTF.
IF ANYONE HAVING ANY SPECEFIC CONCERN THEN DO DM.

Edit 1-If afterall anyone missed the call from retention team then they can simply call customer care and there simply tell them to connect/transfer you call to retention team as i want to discuss regarding my card closure request.They will connect you to their retention team and now there you can project the above trick to get your card LTF ..


Edit 2(09 July 2023)-Even people have made sbi cards having fee upto 1499 LTF and even higher varriant cards you will get equivalent reward points or miles or annual fee waiver in place of LTF.

Edit 3(15 October 2023)- Even people have made their SBI cashback credit card LTF by their skill of negotiation.

Edit 4-Now a days SBI Cards sometime,closing the card without calling so suggest now dont place request through app by self .Call customer care directly and ask them for LTF/fee waivers or to transfer the call to retention team for doing the same.

 

[synergyphysiotherapy]

SBI Card users can request closure of their cards via the app. If the retention team calls, ask for a free upgrade for life instead. If you are denied, accept the fee waiver and try again after one month. This method has been successful for converting even high-fee SBI cards.

 

[b4bhar]

SBI Card users can request closure of their cards via the app. If the retention team calls, ask for a free upgrade for life instead. If you are denied, accept the fee waiver and try again after one month. This method has been successful for converting even high-fee SBI cards.

Be careful. This was posted by OP

Edit 4-Now a days SBI Cards sometime,closing the card without calling so suggest now dont place request through app by self .Call customer care directly and ask them for LTF/fee waivers or to transfer the call to retention team for doing the same.

 

[mailmenow]

If they raise the request, then it is risk as they can close it without even reaching out. It happened with few people. Ask them not raise any request

But i order to connect to the retention team, first customer care executive need to raise closure request. Then only they transfer the call to retention team. Right?

 

[mailmenow]

Be careful. This was posted by OP

Edit 4-Now a days SBI Cards sometime,closing the card without calling so suggest now dont place request through app by self .Call customer care directly and ask them for LTF/fee waivers or to transfer the call to retention team for doing the same.

But they are not connecting the call to retention team without placing the closure request

 

[sudheerreddy]

Be careful. This was posted by OP

Edit 4-Now a days SBI Cards sometime,closing the card without calling so suggest now dont place request through app by self .Call customer care directly and ask them for LTF/fee waivers or to transfer the call to retention team for doing the same.

Customer Care team can't directly transfer our call to retention team. After placing the closure request, only then able to transfer the call.

 

[mailmenow]

Customer Care team can't directly transfer our call to retention team. After placing the closure request, only then able to transfer the call.

Exactly. I think placing closure request via app, then Immediately make a transaction and having some due is the safest way to negotiate them.

 

[RAMESH BABU N]

Simple ways - do a trxn and immediately place a card closure request.
- keep some outstanding debit balance and ask for closure.

But, despite all this drama, there is no sure-shot way to get your SBI card converted to LTF. So, avoid doing such things - that's my suggestion.

 

[b4bhar]

Exactly. I think placing closure request via app, then Immediately make a transaction and having some due is the safest way to negotiate them.

yeah, that maybe a good idea. Keep us posted. Btw, you recently got the card, right? just think if its worth the risk

 

[sudheerreddy]

Exactly. I think placing closure request via app, then Immediately make a transaction and having some due is the safest way to negotiate them.

Best way it is.
My suggestion is to, while placing a closure request via the app, select the time slot between 9-11 AM,

 

[mailmenow]

yeah, that maybe a good idea. Keep us posted. Btw, you recently got the card, right? just think if its worth the risk

It's too risky😂

Best way it is.
My suggestion is to, while placing a closure request via the app, select the time slot between 9-11 AM,

Why so?

 

[hender]

If they raise the request, then it is risk as they can close it without even reaching out. It happened with few people. Ask them not raise any request

SBI Card users can request closure of their cards via the app. If the retention team calls, ask for a free upgrade for life instead. If you are denied, accept the fee waiver and try again after one month. This method has been successful for converting even high-fee SBI cards.

But i order to connect to the retention team, first customer care executive need to raise closure request. Then only they transfer the call to retention team. Right?

Customer Care team can't directly transfer our call to retention team. After placing the closure request, only then able to transfer the call.

Simple ways - do a trxn and immediately place a card closure request.
- keep some outstanding debit balance and ask for closure.

But, despite all this drama, there is no sure-shot way to get your SBI card converted to LTF. So, avoid doing such things - that's my suggestion.

Finally after reaching TF Community,

I got the answer 🤔, why SBI Card share is still hovering around at IPO price after 5 years of listing.

Whoever is raising request or in the process, FYI, MD & CEO got changed today।

 

[RAMESH BABU N]

Finally after reaching TF Community,

I got the answer 🤔, why SBI Card share is still hovering around at IPO price after 5 years of listing.

Whoever is raising request or in the process, FYI, MD & CEO got changed today।

Change of MD&CEO is nothing unusual except when the incumbent quits midway of his/her tenure- which frequently happens in private sector. This change was a planned one as the tenure of his predecessor expired on 31/03. The placement committee decides MDs, CEOs, COOs and Directors much ahead of the termination of the tenure. Mandatorily, such changes need to be advised to the listing agencies as part of the listing obligations. Nothing new or unusual about it.

Coming to the price of SBICards, when almost every card holder wants LTF cards, how do you expect them to make so much profits that the share price multiplies on the stock market ? Forget about LTF, even annual charges are being waived off left, right and centre. How long can one make profit on defaults and penal charges ?

Having seen this industry for over 30 years and the emerging trends over the last 15 years, I had NOT subscribed to SBICard shares - even under the quota reserved for SBI Officers.

 

[sudheerreddy]

It's too risky😂


Why so?

In my experience, mostly during this time slot, I had received a call from the SBI team in less than 30 minutes.
Maybe it varies to person to person.

 

[mailmenow]

May i know when will be the cashback credited in the sbi cashback card account for the first month?? I saw that cashback will be credited within 2 days after bill generation. So my cashback earned till 3rd April (bill generation date)will be credited on 4th or 5th April ??

 

[b4bhar]

May i know when will be the cashback credited in the sbi cashback card account for the first month?? I saw that cashback will be credited within 2 days after bill generation. So my cashback earned till 3rd April (bill generation date)will be credited on 4th or 5th April ??

correct. Even my statement generation date is the same. You can see the cashback earned in the summary

 

[mailmenow]

correct. Even my statement generation date is the same. You can see the cashback earned in the summary

I mean first cashback credit?? Is it credited in the may statement like axis or it credit in the April itself?

 

[panu24]

I mean first cashback credit?? Is it credited in the may statement like axis or it credit in the April itself?

if your bill date is 3rd April, cashback will be credited in next 2 days. You will get cashback credit SMS on 5th April.

 

[mailmenow]

if your bill date is 3rd April, cashback will be credited in next 2 days. You will get cashback credit SMS on 5th April.

So it's not like axis system. Cashback earned this month will be credited to the next month?

 

[panu24]

So it's not like axis system. Cashback earned this month will be credited to the next month?

Cashback will be credited for next month bill. It is same like Axis Ace.

The difference here is that, cashback gets credited in first 2 days of next billing cycle for SBI cashback whereas for Axis Ace cashback credited in last 2 days of next billing cycle.

 

[mailmenow]

I

Cashback will be credited for next month bill. It is same like Axis Ace.

The difference here is that, cashback gets credited in first 2 days of next billing cycle for SBI cashback whereas for Axis Ace cashback credited in last 2 days of next billing cycle.

I thought that the cashback earend till 3rd April will be credited to 4th or 5th April