What is the best way to redeem sbi rewards points?

[Ekavya]

I want to redeem my sbi rewards points. My first choice was Amazon Gift Voucher. But I don't have enough points. (2000 Voucher is not available). Another option is SBI Gift Card. But I don't know what that really is.

 

[Anupama_Jha]

Recharge or Bill payments or you can pay any credit card bill.

 

[bhauka11]

I only pay credit card bill using SBI points..

Conversion is same.. 4 points= 1 Rs

 

[cardio_guy]

1. Use it in bookmyshow app to pay for movie tickets. This is the easiest and simplest way.

2. Some shops accept reward points payment. Check with some supermarket etc. (i could redeem in a prestige cooker showroom)

3. On sbi rewardz portal, you have to pay additional 50 rs convenience fee.

 

[Ekavya]

Recharge or Bill payments or you can pay any credit card bill.

I only pay credit card bill using SBI points..

Conversion is same.. 4 points= 1 Rs

Thanks Guys! I wasn't aware that SBI Rewards points can be used to pay CC Bills. It's best for me

 

[Googix]

I redeemed for Amazon pay vouchers last time.

 

[nh124001]

do we get charged for any redemption fees?

 

[madhurkakani]

I only pay credit card bill using SBI points..

Conversion is same.. 4 points= 1 Rs

do they charge any fees for pay credit card bill from SBI points.

 

[Anupama_Jha]

do they charge any fees for pay credit card bill from SBI points.

No convenience fee for recharge or cc bill payments

 

[Anupama_Jha]

do we get charged for any redemption fees?

Yess if redeemed for gift vouchers

 

[Ekavya]

I redeemed for Amazon pay vouchers last time.

What was your Apay Voucher value?

 

[Ekavya]

do they charge any fees for pay credit card bill from SBI points.

No they mentioned during the bill payment that there is no fees

 

[cardio_guy]

Thanks Guys! I wasn't aware that SBI Rewards points can be used to pay CC Bills. It's best for me

Thanks a ton for you guys, even I was not aware. I was having around points worth Rs 1500. Just paid bills for all of that. Thanks a lot.

@Anupama_Jha @bhauka11 You have done a great great help!!! <3

 

[aniketkr.sharma]

I want to redeem my sbi rewards points. My first choice was Amazon Gift Voucher. But I don't have enough points. (2000 Voucher is not available). Another option is SBI Gift Card. But I don't know what that really is.

Redeem myntra coupon

 

[cardio_guy]

Any way to redeem Federal bank reward points too (without processing fees)?
For bill payments, it says 'a processing fee will be charged at checkout'.

 

[Ekavya]

Thanks a ton for you guys, even I was not aware. I was having around points worth Rs 1500. Just paid bills for all of that. Thanks a lot.

@Anupama_Jha @bhauka11 You have done a great great help!!! <3

If you buy any voucher that that becomes platform specific. But by paying it for Credit Card bill you can make it platform independent. I don't think any other bank would allow that except SBI

 

[Anindya98]

I have the SBI Global Virtual card MC variant, can anyone share the reward rate for CC Bill Payment via Unipay and Setu

 

[Ekavya]

I have the SBI Global Virtual card MC variant, can anyone share the reward rate for CC Bill Payment via Unipay and Setu

View attachment 76850

1% Rewards points. 4points=1 Rs.

So the reward rate is 0.25%

 

[aniketkr.sharma]

I have the SBI Global Virtual card MC variant, can anyone share the reward rate for CC Bill Payment via Unipay and Setu

View attachment 76850

Very less every 10000 will get 100 points and it's value is for 8000 points you can get 2k voucher

 

[Anindya98]

1% Rewards points. 4points=1 Rs.

So the reward rate is 0.25%

Very less every 10000 will get 100 points and it's value is for 8000 points you can get 2k voucher

Then I am not interested as I earn way more using my IDFC DC. Thanks for the clarification. Only good when they give accelerated reward points.
The only good thing is I can use the points in SBI to pay the CC bills. Which I am not aware of. Thanks @Anupama_Jha @bhauka11 @Ekavya @aniketkr.sharma