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SBI Cashback Card for all merchant wise DATA collection

  • Thread starter Thread starter ragveer
  • Start date Start date
  • Replies Replies 214
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Cashback shall not be earned for following spends/transactions on the card -

- Merchant EMI i.e. EMI’s availed at the time of purchase at Merchant establishment or websites.(Card Cashback reversed for Flexipay/Merchant EMI will be credited back to account only whenthe respective Flexipay/Merchant EMI has been successfully cancelled by the cardholder. In theevent of Foreclosure of Flexipay/Merchant EMI, no Card Cashback will be credited back in anyscenario)

guys - can someone be kind enough to explain me the above? It says cashback will not credited for the Merchant EMIs, but again mentions card cashback reversed for Merchant EMI will be credited back to account when the EMI has been successfully cancelled. Does that mean we can go for EMI from a Merchant, get the instant discount offered, then cancel the EMI and get back the cashback?

Thank you!
 
Cashback shall not be earned for following spends/transactions on the card -

- Merchant EMI i.e. EMI’s availed at the time of purchase at Merchant establishment or websites.(Card Cashback reversed for Flexipay/Merchant EMI will be credited back to account only whenthe respective Flexipay/Merchant EMI has been successfully cancelled by the cardholder. In theevent of Foreclosure of Flexipay/Merchant EMI, no Card Cashback will be credited back in anyscenario)

guys - can someone be kind enough to explain me the above? It says cashback will not credited for the Merchant EMIs, but again mentions card cashback reversed for Merchant EMI will be credited back to account when the EMI has been successfully cancelled. Does that mean we can go for EMI from a Merchant, get the instant discount offered, then cancel the EMI and get back the cashback?

Thank you!

if u opt for emi, get cashback and discounts if any and cancels with some processing fee as foreclosure then cashback reversed.

In SBI terminology, successfully cancelled = Successfully closed by paying all EMIs (based on tenure u opted)
 
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