For a spend of ₹16600, you will earn:
- 1x (166) base points
- 1x (166) virtual bonus points
- 4x (664) accelerated points.
This totals to 996 points, which is equivalent to ₹249 or approximately 1.5% cashback on 16600.
For a spend of ₹10000, you will earn:
- 1x (100) base points
- 1x (100) virtual bonus points
- 4x (400) accelerated points
This totals to 600 points, which is equivalent to ₹150 or approximately 1.5% cashback on 10000.
The base points (1x) and bonus points (1x) will be credited within 3-5 working days. But, sometimes bonus points may get delayed and will be credited by the month end. Accelerated points will be credited on 30th November.
Now, you may wonder, what's the difference between 10000 and 16600 transaction when both give 1.5% cashback? Well, when I'm doing a 10K transaction, I'm not maximizing my rewards to get the full 1000 points because I'm stupid, and I know I'll be wrong on 30th November.
But, if you look at the 2nd scenario, there's a slight possibility that SBI might consider 1x points as 200 instead of 100. In that case, I would earn the full 1000 points with only a ₹10K transaction.
Note: I know, I will be wrong with this assumption, and I'm only doing it because most of my bills are already paid. Your situation might be different, so keep that in mind.
Ab toh doubt nhi hona chahiye bhai, bahut mehnat karwali :/