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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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Please check mcc for train ticket on IRCTC, insurance payment through amazon, education fee through paytm or cred and amazon gift voucher purchase through amazon, magicpin, zingoy and wohoo
 
Yeah but I got the premium lounge benefit in Bangalore airport by swiping SBI Cashback credit card, the same lounge for premium card holders.
And now when so many important categories have been removed from 5% Cashback, it is making lot more difficult to digest the fees of this card.
₹500 would have been better after this revision.
I'm now glad my application got rejected because of their agents greed 😂
 
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