SBI Cashback Card - Converted to LTF (Jan 2025)

[Rishabh]

Hello Folks,

FYI I have recently managed to get my SBI Cashback credit card converted to LTF through an email request 🙂

I have been using the card now from more than 2 years with last 2 years spends crossing 2lacs & have got fee waiver against the same.
Few days back just thought of writing email to SBI team requesting them to consider converting my Cashback card to LTF basis my past spend records without having strong expectation of getting any success.

As a first response got a call from SBI executive mentioning about no such offer available at present on the card to convert it to LTF. And asked me to wait to get offer in future.
But just before the end of the call he asked me if I will continue making similar amount spends on the card if converted to LTF. After confirmation he raised a request for me to change PCTID (for LTF conversion) for the card without giving any assurance that it will be approved.

And after 4-5 days, I got another update on the ticket about successful closure and card converted to LTF.
Something good to cheer about during this devaluation days of Credit cards & also having this as 3rd LTF card from SBI now 🙂

 

[RichieRich]

hi... please dm the template of the email sent to sbi

 

[Ekavya]

View attachment 84503

So you haven't threaten them to close your card.

 

[RichieRich]

So you haven't threaten them to close your card.

no.. never.. .

 

[galamonic]

So you haven't threaten them to close your card.

Never do that.. they will close the card, it happed with me.. they closed my sbi simplyclick card

 

[Anindya98]

Never do that.. they will close the card, it happed with me.. they closed my sbi simplyclick card

Keep an outstanding amount before raising the request no one will close your card.

 

[althafvly]

Keep an outstanding amount before raising the request no one will close your card.

I don't think you can request closure without paying outstanding bill. You could ask via mail, but they will tell you to pay first.

 

[Anindya98]

I don't think you can request closure without paying outstanding bill. You could ask via mail, but they will tell you to pay first.

yes, via Email you have to request the card closure with the main reason for closing the card

 

[brokenhammer]

they declined my request

 

[Sobirvs]

they declined my request
View attachment 84785

They will never approve your request. Requests are approved on many factors, majorly it is spends + tenure of your relationship with SBICard. Most imp, if you asked for LTF and your spends were less than 2L, approval will never be given even if you are a decade old customer.

 

[Ekavya]

They will never approve your request. Requests are approved on many factors, majorly it is spends + tenure of your relationship with SBICard. Most imp, if you asked for LTF and your spends were less than 2L, approval will never be given even if you are a decade old customer.

I am 5 months old Customer. Spending 70-80K Till now. When should I ask for LTF conversation for maximizing my chances.

 

[Anindya98]

I am 5 months old Customer. Spending 70-80K Till now. When should I ask for LTF conversation for maximizing my chances.

At 3rd year renewal

 

[skhamrai71]

Please share email id

 

[Sobirvs]

I am 5 months old Customer. Spending 70-80K Till now. When should I ask for LTF conversation for maximizing my chances.

I hope you are asking for SBI Cashback card not some other card. However this applies for all sbi cards. Do spends till your waiver first. For example cashback card has waiver on 2L. Now do around 2.4L or 2.5L.

Then wait for all trxns to settle.

Now wait umm, 6-7 months (though sometimes early too works), but 6 months is time for visa/mc chargeback timings maximum. Now after that shoot email to customerservicehead. Don't mail PNO/CC, just CSHead. Ask politely for LTF request. This below is the email I sent, and within 1 week they replied saying it's approved.

 

[Sobirvs]

At 3rd year renewal

My SIL's prime card was on 6th yr renewal, they declined for LTF as her spends were very less and she has been paying the fees like frm last 6 yrs. I got to know abt this 1 month back, I pushed very hard for her LTF but no avail, they even declined for fee waiver but then closure req. got them to waive off the fee. I have noticed tenure really doesn't count for much, it's mostly abt spending. My cousin got CB card LTF after spending more than 2L in 4 months time and got LTF approved within 1st yr.

 

[aniketkr.sharma]

My SIL's prime card was on 6th yr renewal, they declined for LTF as her spends were very less and she has been paying the fees like frm last 6 yrs. I got to know abt this 1 month back, I pushed very hard for her LTF but no avail, they even declined for fee waiver but then closure req. got them to waive off the fee. I have noticed tenure really doesn't count for much, it's mostly abt spending. My cousin got CB card LTF after spending more than 2L in 4 months time and got LTF approved within 1st yr.

I think spending through credit cards are much headaches for banks

 

[Sobirvs]

I think spending through credit cards are much headaches for banks

?? mtlb? not getting u

 

[aniketkr.sharma]

?? mtlb? not getting u

That's why all banks are checking spends and if you have better spends they can do anything for you.

 

[Sobirvs]

That's why all banks are checking spends and if you have better spends they can do anything for you.

Ya, makes sense. More the spends, more the cut banks get, hence why.

Less the spends, means bank won't give LTF as they expect people to pay the card fee as the spends aren't there so no cut, hence the fee as banks care for money only, and that makes sense to me. It's a good thing not a bad thing that banks care for money.

Also people who spend less , chances are they will convert their spends to emi and bank get interest on those trxns.

 

[RadTheCrab]

My cousin got CB card LTF after spending more than 2L in 4 months time and got LTF approved within 1st yr.

Your cousin got lucky, I guess. I've spent close to 10L in the last 23 months, yet my request was declined.

 

[Sobirvs]

Your cousin got lucky, I guess. I've spent close to 10L in the last 23 months, yet my request was declined.

bank considers spends in last 12 months , that too only your 12 months of renewal, not calender.