Upto 0.75% returns on using SBI Debit Cards

[Walter White]

Even though SBI has no MAB condition for account holders, internally they have segmented customers into 4 tiers: Silver, Gold, Titanium and Platinum based on the NRV with the bank.

Most SBI Debit Cards have a common rewards structure: 2RP per every 200 equivalent to 0.25%.

Use this card for a minimum 3 times a quarter and you'll get 2X Reward Points for Silver/Gold and 3X points on Titanium/Platinum pushing the reward rate to 0.5% to 0.75%. Make spends during your birthday month and you'll get 2X points on that as well irrespective of number of transactions made.

Note: Max points that can be earned per transaction is 100. (base RP)

Source: https://retail.onlinesbi.sbi/sbijava/customer-segment-popup.html

 

[panu24]

Even though SBI has no MAB condition for account holders, internally they have segmented customers into 4 tiers: Silver, Gold, Titanium and Platinum based on the NRV with the bank.

Most SBI Debit Cards have a common rewards structure: 2RP per every 200 equivalent to 0.25%.

Use this card for a minimum 3 times a quarter and you'll get 2X Reward Points for Silver/Gold and 3X points on Titanium/Platinum pushing the reward rate to 0.5% to 0.75%. Make spends during your birthday month and you'll get 2X points on that as well irrespective of number of transactions made.

Note: Max points that can be earned per transaction is 100. (base RP)

Source: https://retail.onlinesbi.sbi/sbijava/customer-segment-popup.html

Do you know if we can redeem rewards points into cash to savings account?

 

[Walter White]

Do you know if we can redeem rewards points into cash to savings account?

Never tried doing that but it is mentioned on their site that one can send them a mail in case of cash redemption.

 

[BCh]

I've redeemed rewards points multiple times...i ordered prepaid card of rs. 10000 for 40000 rp. Also it can be redeemed as Amazon pay balance.

 

[luciferlucifer is verified member.]

I've redeemed rewards points multiple times...i ordered prepaid card of rs. 10000 for 40000 rp. Also it can be redeemed as Amazon pay balance.

any max limit for rps per transaction and per month?

 

[BCh]

Previously I used to get unlimited 1pc cashback in Visa platinum dc, it is drastically reduced for last few years. Now they give max 100 points per transaction for 10 times (probably) a month.

 

[Karvanna]

Yes I have Tested Only 1000 Pts per Month

 

[panu24]

Yes I have Tested Only 1000 Pts per Month

Is there any verified third party app to use sbi debit card to get reward points for paying cc bill?

 

[panu24]

Is there any verified third party app to use sbi debit card to get reward points for paying cc bill?

Found answer here https://www.technofino.in/community...or-credit-card-bill-payment.10547/post-215121

 

[ccfan]

Use this card for a minimum 3 times a quarter and you'll get 2X Reward Points for Silver/Gold and 3X points on Titanium/Platinum pushing the reward rate to 0.5% to 0.75%. Make spends during your birthday month and you'll get 2X points on that as well irrespective of number of transactions made.

Does the 2X/3X apply only from the 3rd transaction onwards (and so one should make 2-3 small txns before doing larger transactions where one wants 2X/3X)? Or will even the first and 2nd transactions be retroactively updated to 2X/3X once the 3rd txn of the quarter is made (seems unlikely since there may be a large gap of time between the two and points credit doesnt wait for that)

 

[shrewdoc]

Does this work on SBI Rupay Classic Debit Card? Or do I need to upgrade it?

 

[another]

Does the 2X/3X apply only from the 3rd transaction onwards (and so one should make 2-3 small txns before doing larger transactions where one wants 2X/3X)? Or will even the first and 2nd transactions be retroactively updated to 2X/3X once the 3rd txn of the quarter is made (seems unlikely since there may be a large gap of time between the two and points credit doesnt wait for that)

+1

 

[neel]

Is there any verified third party app to use sbi debit card to get reward points for paying cc bill?

I got points for paying CC bill on Paytm with my sbi debit card

 

[6harat]

I got points for paying CC bill on Paytm with my sbi debit card

same here, the reward rate was 1 per 100 only though

 

[Optimiser007]

Even though SBI has no MAB condition for account holders, internally they have segmented customers into 4 tiers: Silver, Gold, Titanium and Platinum based on the NRV with the bank.

Most SBI Debit Cards have a common rewards structure: 2RP per every 200 equivalent to 0.25%.

Use this card for a minimum 3 times a quarter and you'll get 2X Reward Points for Silver/Gold and 3X points on Titanium/Platinum pushing the reward rate to 0.5% to 0.75%. Make spends during your birthday month and you'll get 2X points on that as well irrespective of number of transactions made.

Note: Max points that can be earned per transaction is 100. (base RP)

Source: https://retail.onlinesbi.sbi/sbijava/customer-segment-popup.html

Hi, anyidea how to upgrade account to platinum? So then reward rate will be 0.75% correct?

 

[creditlover]

Does the 2X/3X apply only from the 3rd transaction onwards (and so one should make 2-3 small txns before doing larger transactions where one wants 2X/3X)? Or will even the first and 2nd transactions be retroactively updated to 2X/3X once the 3rd txn of the quarter is made (seems unlikely since there may be a large gap of time between the two and points credit doesnt wait for that)

Any one tried this? I did txn but for 1 point per 100 only. Mine is SBI Platinum JCB Rupay debit card, segmentation is Platinum.