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SBI Rewardz: Upto 5X*/10X* RP under October Carnival Campaign

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Buttman said:
Spent 11L. Crossed their monthly cap xD
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I think you missed a point/dot between two ones. Is it 1.1L? I had Rs. 3.7L to pay cumulatively for me and family and paid SBI bill in advance before bill generation from 4 different accs.

P.S: Millennia 64K done with 16Kx4 acc. as usual on Day 1 of new month. Now on bills won't cross 50-75K every month. Sab khatam ho gaya babu bhaiya, ab banno ka cashback nahi aayega kyunki bill hi nahi hai bharney ko. :face-with-tears-of-joy:
 
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prc1990 said:
Anyone received the missing reward points for Oct?
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I missed only one bonus pts credits for 10K txn which was credited on Oct 28. Check your statement throughly. It is so messed up that even I start doubting as to where are points but if you access App/mobile site, it is all fine there. Else share screenshot here and I will analyze it. 🙂
 
desiviru said:
I missed only one bonus pts credits for 10K txn which was credited on Oct 28. Check your statement throughly. It is so messed up that even I start doubting as to where are points but if you access App/mobile site, it is all fine there. Else share screenshot here and I will analyze it. 🙂
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It's very simple. I spent total 63K but received reward points of 1180 only instead of 1260. Need to check with customer care.
 
nh124001 said:
kitne ameer log hai bhai.. 11L ka credit card bhar diya... woh bhi within 1mnth... income tax dept kuch kaam karo
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Bhai a friend uses my cards for various offers during sale as he is a phone seller. Used each of my card to order a total of 5 iPhone 16 Pro Max in the month of September for which statements were generated in Oct.

Sab milake and gharke b thode big ticket purchases milake cross kar gaya ab 😂
I’m your average middle class person. It’s just that during sale season many of my friend’s and family use my cards so purchases add up!

Now for the remainder of this year and first 6-7 months of next year my card usage will remain minimal
 
desiviru said:
I think you missed a point/dot between two ones. Is it 1.1L? I had Rs. 3.7L to pay cumulatively for me and family and paid SBI bill in advance before bill generation from 4 different accs.

P.S: Millennia 64K done with 16Kx4 acc. as usual on Day 1 of new month. Now on bills won't cross 50-75K every month. Sab khatam ho gaya babu bhaiya, ab banno ka cashback nahi aayega kyunki bill hi nahi hai bharney ko. :face-with-tears-of-joy:
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It’s actually above 10L. Gpay shows total inward txn of 11 plus and monthly limit breached on Sbi rewards portal which only happens after crossing 10L so I’m basing my calculations on these factors.
 
Buttman said:
Bhai a friend uses my cards for various offers during sale as he is a phone seller. Used each of my card to order a total of 5 iPhone 16 Pro Max in the month of September for which statements were generated in Oct.

Sab milake and gharke b thode big ticket purchases milake cross kar gaya ab 😂
I’m your average middle class person. It’s just that during sale season many of my friend’s and family use my cards so purchases add up!

Now for the remainder of this year and first 6-7 months of next year my card usage will remain minimal
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Are u even aware of IT notices or not ? 🙂
 
pinki said:
Are u even aware of IT notices or not ? 🙂
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Non of my single bank card has crossed 10lakh threshold yet. Report in AIS and Notice is triggered only after txns from a single bank cc/ccs ( say ICICI) has breached 10 lakhs. Am I missing something?
 
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pinki said:
No one knows the scenario after the implementation of BBPS at every bank level.
I hope BBPS don't consolidate all of them who belongs to same person.
Rest good .
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What do you mean? Care to elaborate? Has there been any news on BBPS consolidation in regards to cumilative spends on all cards?
 
Buttman said:
What do you mean? Care to elaborate? Has there been any news on BBPS consolidation in regards to cumilative spends on all cards?
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There's no any specific news abt it rather a speculation by many and they solidify their saying by mentioning that

Why the hell RBI imposed strict rules for implementation of BBPS max by certain deadline !
Dhire dhire banks wese bhi BBPS pr aa hi rhe the fir bhi itni jldi kyu !

RBI may have found this loophole , since all the banks were specifically tracking the bill payments at their level, and when they use to cross 10L , they use to report. This allowed users to spend not more than 10L at every bank level.
But in real this is not the rule ! ( U know)

See all this is speculation, no one knows the answer for now i think!
 
nh124001 said:
daara nahi re bhai.. main abhi tak bass suna hai..agar 10L or cross ho jaye annual credit card statement toh AIS mein mention hota hai..toh may be.. next year tak tum confirm kardo
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Ye maine b suna hai but ek single bank k card/cards ka hota hai aisa suna tha. Sare banks ka combined nai sun hai aisa. 500k Axis and 500K sbi raha to nai hoga but 1000k axis ka akele ka hua cross to hojayega report is what I’ve read!
 
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pinki said:
There's no any specific news abt it rather a speculation by many and they solidify their saying by mentioning that

Why the hell RBI imposed strict rules for implementation of BBPS max by certain deadline !
Dhire dhire banks wese bhi BBPS pr aa hi rhe the fir bhi itni jldi kyu !

RBI may have found this loophole , since all the banks were specifically tracking the bill payments at their level, and when they use to cross 10L , they use to report. This allowed users to spend not more than 10L at every bank level.
But in real this is not the rule ! ( U know)

See all this is speculation, no one knows the answer for now i think!
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Could you point me towards the sources which have more info on these discussions? If this is the case then I might need to keep a track of all txns in case i need to provide them proof. At the moment, every transaction is trackable and transparent so i would be able to maintain an excel sheet for when I have to justify my cc txns!
 
Buttman said:
Could you point me towards the sources which have more info on these discussions? If this is the case then I might need to keep a track of all txns in case i need to provide them proof. At the moment, every transaction is trackable and transparent so i would be able to maintain an excel sheet for when I have to justify my cc txns!
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These were of july - aug times.
Hard to search tbh ,
Whatever i read, i told u .

Would advise you to maintain sheet from now on.
 
pinki said:
These were of july - aug times.
Hard to search tbh ,
Whatever i read, i told u .

Would advise you to maintain sheet from now on.
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Yeah brother! Would definitely track everything just in case! Or else all the cashback and rewards will go away as CA fees!
 
@Buttman 10L yearly is not per card based but PAN based. Reporting is consolidated now a days. FY 23-24, a friend working for LIC had ~8L and 6.5L for other bank and he was using for his CC insurance payments for clients for new policies and renewals and clients mostly paid in cash. Received ITR notice and was fined which was later challenged and only last month he was cleared of it. Our CIBIL data is enough to calculate CC spends. But still, not everyone receives a notice.

Just remember use your cards within limits. I spread spend between my card and family cards and keep track that cumulatively all my cards don't cross 10L. Even if you are not spending 10L per card, it is getting reported although not showing in AIS. In future they will all show up when it is integrated and annual CC spends will appear there even if it is 1L or 50K. Work in progress.....
 
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