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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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Guys, has SBI stopped giving 5% cashback done on paytm murchant link? I did 1,000 Rs. txn after generating payment link from my paytm business app and paid through my SBI cashback cc, didn't get any cashback on that.....
What Merchant name you got while doing transaction?
And what is the merchant name on settled transaction on app?
 
Amazon GV purchase from Amazon is also going to be patched after this tweet from our dear Friend:


View attachment 20228

I request our dear friend to tag H DFC about I nfinia 6.5 times hack and A X I S about Airmiles for 5p also 😛

Isne Amzon toh mention kar diya but few other site mention nhi ki

Yeh doglapan kiyo ?

Taaki patch ho toh Amazon jo sabko pta hai or yeh mahashaye Few other site se apni rozi roti kamaye
#Rozgar for berozogar 🤣
 
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Amazon GV purchase from Amazon is also going to be patched after this tweet from our dear Friend:


View attachment 20228

I request our dear friend to tag H DFC about I nfinia 6.5 times hack and A X I S about Airmiles for 5p also 😛

That's why I tagged him in that thread. But i think he is also not aware exactly how it works😅.
 
No 5% cashback for gyftr spend

@Deepak_Shetty
I think now available options are Smart buy insta voucher purchase with HDFC credit card and Amazon pay ICICI card on Amazon website. Amazon card will accrue only 2% cash back . HDFC Smart but will attract charges 1.25% + GST on AGC purchase. So net savings will be 3.5% with my HDFC card. Is there any better idea? Need to purchase more than 60k AGC. I don't have super premium credit cards.
 
I think now available options are Smart buy insta voucher purchase with HDFC credit card and Amazon pay ICICI card on Amazon website. Amazon card will accrue only 2% cash back . HDFC Smart but will attract charges 1.25% + GST on AGC purchase. So net savings will be 3.5% with my HDFC card. Is there any better idea? Need to purchase more than 60k AGC. I don't have super premium credit cards.
Try Magicpin. If you are lucky, you will get Pay with Rewards(Twid) as a Payment mode.
When you use Cashback SBI on Twid you will get 5% CashBack as well as Payback points which are Bonus
 
I read some people here were still getting it. Maybe SBI will claw it back later.
Yes. Chances are more. SBI took my SBI Simply click reward points back after 6 months. As per them reversal should happen only after 01/01/2023 onwards transactions. But my reward points which was accumulated before October 2022 also reversed.
Try Magicpin. If you are lucky, you will get Pay with Rewards(Twid) as a Payment mode.
When you use Cashback SBI on Twid you will get 5% CashBack as well as Payback points which are Bonus
Tried. No luck.
 
Before commenting to this thread I have gathered some informations in this forum and did some Google. But I knew that some genius on this forum will have the solutions.
As of now Magicpin is the only option, for getting 5% on AGV via Cashback SBI

Do not know why I am only getting multiple payment modes on Magicpin and others are getting only UPI.
Check with different Magicpin Accounts or with Freinds Magicpin Accounts
 
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