SBI Cashback card effective rate only 2.5%'

[Paritosh]

All the spends are online shopping in above image. I got only 109 as cashback which means 2.5%

Anyone facing similar issue?

 

[luciferlucifer is verified member.]

i think paytm and cred gives 1% cashback. not sure though

 

[Harry1]

Utility is 1% only.

 

[Paritosh]

I did mobile recharge on Paytm and shopping on cred.

The total is still wrong because Amazon spend is 2150. The cashback for Amazon transaction is calculated to 107.

 

[luciferlucifer is verified member.]

I did mobile recharge on Paytm and shopping on cred.

The total is still wrong because Amazon spend is 2150. The cashback for Amazon transaction is calculated to 107.

its not calculated flat 5%. its 4% + 1% rounding to lower value

 

[FinoGuy]

Here is what I think sbi system would've calculated according to mcc. Also, AI Calculations can never go wrong! It's the mcc category which merchant reports to sbi, based on that sbi ai calculate cashback

189	1	7	8
264	2	10	12
332	3		3
499	4		4
588	5	23	28
395	3	15	18
1055	10		10
749	0	0	0
179	1	7	8
209	2	8	10
189	1	7	8

Total =109rs. If you post actually what you spent(like paid bill, bought gift voucher, paid subscription etc) then it'll be more clear to calculate

 

[SiddharthR]

Does buying Amazon GC on Amazon provides 1% only??

 

[AmitMishra]

Does buying Amazon GC on Amazon provides 1% only??

It is 5%

 

[Paritosh]

Here is what I think sbi system would've calculated according to mcc. Also, AI Calculations can never go wrong! It's the mcc category which merchant reports to sbi, based on that sbi ai calculate cashback

189	1	7	8
264	2	10	12
332	3		3
499	4		4
588	5	23	28
395	3	15	18
1055	10		10
749	0	0	0
179	1	7	8
209	2	8	10
189	1	7	8

Total =109rs. If you post actually what you spent(like paid bill, bought gift voucher, paid subscription etc) then it'll be more clear to calculate

189 is YouTube subscription, 395 and 749 is jio recharge. All cred and dreamplug entries are Cred shopping.

Out of 4 columns, what does second and 3rd column denotes?

 

[AmitMishra]

189 is YouTube subscription, 395 and 749 is jio recharge. All cred and dreamplug entries are Cred shopping.

Out of 4 columns, what does second and 3rd column denotes?

Amount, 1% cashback, 4% cashback, Total cashback (1%+4%)

Note : SBI cashback is not actually 5% cashback, it is 1% + 4% cashback with min round off

 

[rp0703]

189 is YouTube subscription, 395 and 749 is jio recharge. All cred and dreamplug entries are Cred shopping.

Out of 4 columns, what does second and 3rd column denotes?

SBI Cashback card has base reward rate of 1% and extra 4% on online non-utility transactions. That's why SBI calculate 1% and 4% separately.

In a table above 2nd column is 1% CB, 3rd is 4% CB and 4th is total CB.

 

[Ragul]

View attachment 8077

All the spends are online shopping in above image. I got only 109 as cashback which means 2.5%

Anyone facing similar issue?

Hi ji, May I know, have you done any purchase in CRED for ₹588.88? or paid any other credit card bills

 

[FinoGuy]

189 is YouTube subscription, 395 and 749 is jio recharge. All cred and dreamplug entries are Cred shopping.

Out of 4 columns, what does second and 3rd column denotes?

What abt amazon txns?

 

[Paritosh]

Hi ji, May I know, have you done any purchase in CRED for ₹588.88? or paid any other credit card bills

That is broadband bill paid using cred

 

[Paritosh]

What abt amazon txns?

1050 was gas cylinder. All other were actual purchases. I think that I would have received more cb on ICICI Amazon for these transactions compared to what I received on SBI cc.

 

[rp0703]

1050 was gas cylinder. All other were actual purchases. I think that I would have received more cb on ICICI Amazon for these transactions compared to what I received on SBI cc.

Simple logic, If it's utility use Apay or Ace (if you have) for other online purchases use cashback card. You can also buy amazon gift card from amazon with cashback card and use that to pay for utility bills.

 

[mxs110]

Can't understand how the cashback earned is 894. Total amt spent is 20545. If it's 1%+ 4% then it should be 1026. How come it's only 894 ? Can someone explain?

 

[zealot]

View attachment 8220
Can't understand how the cashback earned is 894. Total amt spent is 20545. If it's 1%+ 4% then it should be 1096. How come it's only 894 ? Can someone explain?

If APay considered as Utility Payment. Still you would get minimum Rs. 994.

AMOUNT	CB 4%	CB 1%	TOTAL
6230.16​	249​	62​	311​
4165.38​	166​	41​	207​
1120.86​	44​	11​	55​
3162.22​	126​	31​	157​
5197.77​	207​	51​	258​
669​		6​	6​
		TOTAL	994​

 

[mxs110]

If APay considered as Utility Payment. Still you would get minimum Rs. 994.

AMOUNT	CB 4%	CB 1%	TOTAL
6230.16​	249​	62​	311​
4165.38​	166​	41​	207​
1120.86​	44​	11​	55​
3162.22​	126​	31​	157​
5197.77​	207​	51​	258​
669​		6​	6​
		TOTAL	994​

Exactly. Also the Amazon transaction was a mobile recharge for which i used that trick of adding 10 rupees as APay Balance and then paying the rest amt using CC.

Will customer care solve this issue or do i need to contact/mail someone else?

 

[bugmenot]

894 can be possible if we calculate like this.

Amount	1%	4%	CB
6230.16	62	249	311
4165.38	41	166	207
1120.86	11	44	55
3162.22	31	0	31
5197.77	51	207	258
669	6	26	32
			894