SBI Cashback Credit Card – 5% Cashback on Tax Payments!

[nh124001]

main naa leraha bhai.. pange jisko lene hai ..khushi se loo... amex plat travel.. apply karduga.. in next few months..

 

[NikhilG]

main naa leraha bhai.. pange jisko lene hai ..khushi se loo... amex plat travel.. apply karduga.. in next few months..

Amex plat mil kaha raha hai ajkal?

 

[sam1803]

Get your info. right. SBI Cashback TnC clearly exclude 9399. Most think it is 9311 but many a times you don't get it but on IT portal it is confirmed 9311 always. Some people pay via TPA and they use different MCC.

Exclusion List has this line, Check page number 34 of 49.

Utility transactions identified under MCCs 4900, 4814, 4816, 4899, 9399

Tax payments are identified under 9399/9311.


Whole Terms:

Cashback shall not be earned for following spends/transactions on the card,
- Any purchases at petrol pumps/service stations (MCCs: 5172, 5541, 5542, 5983)
- Balance transfers, Balance Transfer on EMIs
- Cash advances
- Financial charges (e.g., late payment fee, dishonored cheque charges, service fee, transaction
charges etc.)
- Disputed transactions
- Encash
- ATM Withdrawals
- E wallet loading transactions identified under MCCs 6540 and 6541
- Payments towards Rent/property management under MCCs 6513 and 7349
- Jewelry transactions identified under MCCs 5051, 5094, 7631, 5944
- School and Educational Services transactions identified under MCCs 5111, 5192, 5942, 5943,
8211, 8220, 8241, 8244, 8249, 8299, 8351
- Utility transactions identified under MCCs 4900, 4814, 4816, 4899, 9399
- Insurance transactions identified under MCCs 5960, 6300, 6381
- Card, Gift, Novelty & Souvenir Shops transactions identified under MCC 5947
- Railways transactions identified under MCCs 4011, 4112


Yes you can fight later by saying 9311 was not in exclusion list. But already many excluded MCC with SBI cashback card are giving 5% cashback like I got on 5051 jewellery. They can take it back always.

It is 9311, and nowhere it is mentioned in the excluded list. And yeah I have right info. I made the comment after reading the terms and conditions.

 

[nh124001]

Amex plat mil kaha raha hai ajkal?

one amex guy is there best banker.. he confirmed amex resume from 15 sept

 

[NikhilG]

I tried 100 rs txn on epay tax via via sbi cb on hdfc gw and they didn't apply any surcharge. Is it because of small txn?

 

[desiviru]

I tried 100 rs txn on epay tax via via sbi cb on hdfc gw and they didn't apply any surcharge. Is it because of small txn?

Surcharge is taken later. First you pay only tax amount. PG charges are applied later.

Only via debit card upto 2000 for many banks it is Nil. Above that some take surcharge while others don't. List at IT website while making payment clarifies everything.

 

[desiviru]

It is 9311, and nowhere it is mentioned in the excluded list. And yeah I have right info. I made the comment after reading the terms and conditions.

Yes on IT website it is 9311 while I was telling that some TPA have marked other MCC on tax payments.

I am not saying you are wrong but TnC says Govt txns are excluded and Tax Payment in single term is also a Govt payment to CBDT. Currently 9311 is not in the list but SBI can always take away cashback although it will be challengeable.

Those who want to do keep doing as I have HDFC Biz giving better %ge. But if you have only SBI CB card then keep going. Later when they take back everyone will be affected.

As more and more txn happens they will put it in exclusion list. I mean how much time it takes them? Less than a day to update card network MCC list and put 9311 as excluded in TnC.