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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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If you are high spender then Elite is good card. if you can spend 5lacs it's good considering it's milestone points and it's redemption in cash. Also good SBI card for offline grocery purchase which gives 10x reward points.
No I want to spend a lakh in Magnus card so can’t add this to my portfolio I think
Not worth it bro. Btw you said your limit is 410k now. Did you receive any LE?
Initially issued limit only bro
Just logged in for checking any LE but found this upgrade offer only
 
@VISHESH_BANSAL is "PAYTM" merchant name giving 5% cashback , for wallet loads on sbi cb
As per this you should get 5% but it's bit old thread. MCC may have changed

 
Hope someone comfirns this
As per this you should get 5% but it's bit old thread. MCC may have changed

 
@VISHESH_BANSAL is "PAYTM" merchant name giving 5% cashback , for wallet loads on sbi cb
No.
On OTP Page,it will show "PAYTM"
but when you check your statement it will change to "Paytm_Addmoney"-MCC 6540.
Now, Paytm is tagging only wallet MCC irrespective of merchant name on OTP page of Add Money Txn.
A few txns still getting counted under Travel.
 
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