• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

SBI Card Debited Reward Points Without Any Proper Clarification

Hello everyone,
Recently, SBI Card debited reward points or posted equivalent charges to many of their cardholders.
Reason: According to SBI Card's T&C, cardholders will not earn reward points during sales (Amazon/Flipkart sales), because cardholders already get instant discounts... Okay, but when many people asked them to give a proper explanation with transaction-wise calculations, they just sent a generic email reply.
So, I'm thinking of making a banking kissa video.
I'm requesting everyone to post screenshots of reward debits, equivalent charges, emails, email replies, etc. here.
Thank you all 🙂
 
Does anyone know what's the cash value of a SBI reward point? People who were debited cash, what's the conversion rate? Is 1 reward point value the same across all SBI cards?
In SimplyCLICK, if you redeem for Amazon vouchers it's 1 RP = ₹0.20. But when they take back points it's 1 RP ₹0.25 which is also the rate for Swiggy and other vouchers. So they cheat with ₹0.05 per 1 RP and think they can get away with this since very few people will complain to RBI.
 
Back
Top