Revaluation SBI Virtual Debit Card is giving 2x Reward Points - Query & Discussion

[Sahil_07]

Sbi is giving 2x reward points for virtual card as they have described in their web site.
They are also giving birthday bonus(2x).
They are going crazy,I am unable to track😂

 

[JSK111]

please enlighten sir.. i dont see anything relates to milestones in this link

Here is the milestone screenshot.

 

[msd07]

Here is the milestone screenshot.

Thanks brother .. appreciate it

 

[JSK111]

Other important points to note:

Capping of 1000 reward points per transaction applicable, subject to overall capping of 10000 reward points per calendar month per Customer ID including Birthday bonus.

Please note: From 1’st May 2024, all exclusions on PoS and E-commerce transactions using SBI Debit Cards have been removed, except Fund Transfer transactions from Account to Wallet or Account to Account.

 

[Ambrex]

can we use the vdc for upi payments?

 

[sam john]

Please clarify what is the reward rate in this sbi virtual debit card
Normal reward rate is 2 points per 200rs = 0.25%
Bonus reward rate is 2 points per 200rs = 0.25%
Milestone benifit is 1000 reward points per lakh = 0.25%

So the total reward rate is 0.75%.

Is this right or I have missed any thing

 

[JSK111]

Please clarify what is the reward rate in this sbi virtual debit card
Normal reward rate is 2 points per 200rs = 0.25%
Bonus reward rate is 2 points per 200rs = 0.25%
Milestone benifit is 1000 reward points per lakh = 0.25%

So the total reward rate is 0.75%.

Is this right or I have missed any thing

Also add birthday month bonus points.

 

[Reaper]

Is 2x reward point bonus valid only for RuPay & Visa variants?
I hold a MasterCard virtual debit card from SBI, and I am not receiving any bonus points.

 

[Shaktimaan V2.0]

It's for all virtual variant Debit cards.
Is your SBI account new?
How much did you pay?

 

[Reaper]

It's for all virtual variant Debit cards.
Is your SBI account new?
How much did you pay?

Mine is an old account, but earlier I refused to take any debit card hence planning to apply for a virtual debit card.
I didn't pay anything as such. Its a 0 balance account and the reason for opening this account was to track my PPF investments as PPF account will not have standalone internet banking facility.

 

[nikhilv0303]

So the milestone reward is only once in a financial year?
And not every month. Is that right?
Confused as on some other threads on CC payments, people wrote that milestone is 50k payment.
Can someone pls clarify?

 

[sumeet]

So the milestone reward is only once in a financial year?
And not every month. Is that right?
Confused as on some other threads on CC payments, people wrote that milestone is 50k payment.
Can someone pls clarify?

Its not once in fy It is totally per lakh considering all transactions in fy

 

[nikhilv0303]

Its not once in fy It is totally per lakh considering all transactions in fy

So is the below calculation correct?

 

[sumeet]

So is the below calculation correct?

View attachment 96084

Probably yes as you cant track milestone reward exactly

 

[nikhilv0303]

Before applying for SBI VDC, do i need to signup on rewardz.sbi to get rewards?
Or do anything else ?

 

[donisback7]

Before applying for SBI VDC, do i need to signup on rewardz.sbi to get rewards?
Or do anything else ?

Yes you need to sign up to track rewards

 

[nikhilv0303]

Yes you need to sign up to track rewards

Thanks. Signed up and generated VDC now.
Can I start transacting from today itself, or wait for 1-2 days so that RPs are getting generated?

 

[VISION]

So the milestone reward is only once in a financial year?
And not every month. Is that right?
Confused as on some other threads on CC payments, people wrote that milestone is 50k payment.
Can someone pls clarify?

read ur screenshot carefully it's written "for every 1L spend".. & 50k is daily limit (as it gives 2X points people have written like that)

 

[donisback7]

Thanks. Signed up and generated VDC now.
Can I start transacting from today itself, or wait for 1-2 days so that RPs are getting generated?

Yes, you can start transactions from today itself

 

[cardio_guycardio_guy is verified member.]

It looks like there could be a possibility of devalutation happening for SBI virtual debit card. Earlier, the 1000 points per lakh milestone was given for each 50k transaction in an FY. But now from this month onwards, it looks like they have removed it and made it same as physical card (that is, 1000 points for each 1L, not 50k). Some people have started posting about this in the main thread. This is a change in progress happening as we speak. Look out for further developments.
The 2x reward points for virtual card still remains the same, no change for that.

 

[SatyG]

It looks like there could be a possibility of devalutation happening for SBI virtual debit card. Earlier, the 1000 points per lakh milestone was given for each 50k transaction in an FY. But now from this month onwards, it looks like they have removed it and made it same as physical card (that is, 1000 points for each 1L, not 50k). Some people have started posting about this in the main thread. This is a change in progress happening as we speak. Look out for further developments.
The 2x reward points for virtual card still remains the same, no change for that.

Yup, I confirm the same. I have been receiving the milestone for 1L instead of 50k for my SBI VDC since last month. Did more 1.5L+ transaction last month and this month as well.