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SBI Cashback credit card official benefits revised w.e.f. 1st May 2023

BhaiyaJi

TF Legend
REVISION OF BENEFITS ON CASHBACK SBI CARD:

With effect from 01 May 2023, following changes will be applicable on your CASHBACK SBI Card:

A. Below categories will not be eligible for Cashback benefit, apart from existing exclusions:

CategoryMerchant Category Code (MCC)
Jewelry5051, 5094, 5944, 7631
School & Educational Services5111, 5192, 5942, 5943, 8211, 8220, 8241, 8244, 8249, 8299, 8351
Utilities4814, 4900, 9399, 4816, 4899
Insurance Services5960, 6300, 6381
Card, Gift, Novelty & Souvenir Shops5947
Member Financial Institution/Quasi Cash6011, 6012, 6051
Railways4011, 4112

The Merchant Category Codes are defined by the Networks and are subjected to change basis their discretion and such changes shall be implemented basis communication from the Networks without any requirement for intimation/information to the customers.

B. Maximum Cashback that can be earned on online & offline spends in a statement cycle will be capped at `5000.

C. Complimentary Domestic Airport Lounge benefit will be discontinued.


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Then use some friend's/family account and ask them to pay you once they receives the amount. CRED has some validation through which they identifies that the account belongs to the same user but I guess we can bypass it somehow.
Sorry paytm was typo, it was phone pe, asking current account for creating self education fees receiving account
 
Quickly make education payment of 200000(provided you have that limit) to your own account using CRED or phonepe and get cashback of 10000 and also waiver of renewal fees(999/-).
Is this safe ? Any concern from IT dept?

I am thinking does the person need to show the proof also then while filling ITR for this 2 lakh credited amount?
 
For free current account there is a pro hack without income tax concerns but don’t want to disclose here:)
You may want to disclose in my closed group

 
I have faced annual fees issue, in sbi card app it's showing to pay annual charges 999 but the form which i filled and received from sbi card clearly shows nill fees for 1St year, so what to do now?
 

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