What is the best way to redeem sbi rewards points?

[leonneel]

mobile recharge and credit card bill payment

 

[Ekavya]

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

What's the average reward rate in ₹?

 

[Anindya98]

What's the average reward rate in ₹?

I use IDFC Select DC 0.5% Base Reward rate up to 50K then 10x per 100rs.

Post in thread 'IDFC Select Vs Wealth Vs Private requirements'

Sep 12, 2024

I can maintain the NRV, but unable to find any useful perk over and above IDFC Wealth program and DC to take the plunge.

Even one proper and tangible differentiated benefit can make people go for it. Right now there is none!

Correct !!! The DCs have reward rate difference for the first 50K only, over and above its the same 2.5%.
vis-a-vis of DC reward rate for online (excellent for cc bills and tax payments) on the 50K monthly spend.


IDFC Select - 3X = 0.5% = 250 INR
IDFC Wealth - 4X = 0.67% = 330 INR
IDFC Private - 6X = 1.0% = 500 INR

So we are good with even select as the...

• HumorSimpson

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[Googix]

What was your Apay Voucher value?

5000. used 20k reward points

 

[Anupama_Jha]

5000. used 20k reward points

Ohhhh 😦

Accumulating from yrs?

 

[Googix]

Ohhhh 😦

Accumulating from yrs?

No recent 5x rewards and paid close to 3.5L credit card bill payment from OCT.

 

[6ix9ine]

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

SBI virtual gives you 0.50%, and whenever campaigns run this goes over 2%+ for paying credit card bills, easily beating HDFC Platinum.

SBI offers huge limit, and the reason people don't know much about their DC is mostly due to their complicated calculation 😂

Btw, Physical DC is at 0.25%

SBI DC rewards you on most transactions, except wallet loads. Although the Setu MCC has changed, but SBI DC will still give you rewards.

 

[Ekavya]

SBI virtual gives you 0.50%, and whenever campaigns run this goes over 2%+ for paying credit card bills, easily beating HDFC Platinum.

SBI offers huge limit, and the reason people don't know much about their DC is mostly due to their complicated calculation 😂

Btw, Physical DC is at 0.25%

SBI DC rewards you on most transactions, except wallet loads. Although the Setu MCC has changed, but SBI DC will still give you rewards.

This is unacceptable I used to use Physical Debit Card and now I come to know I could have gotten double reward points with virtual cards

 

[6ix9ine]

This is unacceptable I used to use Physical Debit Card and now I come to know I could have gotten double reward points with virtual cards

But paying limit is less for virtual cards, I don't understand either why SBI praising virtual more. Probably due to lower userbase.

 

[AlooDum]

SBI virtual gives you 0.50%, and whenever campaigns run this goes over 2%+ for paying credit card bills, easily beating HDFC Platinum.

SBI offers huge limit, and the reason people don't know much about their DC is mostly due to their complicated calculation 😂

Btw, Physical DC is at 0.25%

SBI DC rewards you on most transactions, except wallet loads. Although the Setu MCC has changed, but SBI DC will still give you rewards.

Should I get Virtual DC on Visa, Rupay or MC to get 0.5% reward??

 

[6ix9ine]

Should I get Virtual DC on Visa, Rupay or MC to get 0.5% reward??

If you want the DC then why not? If you have amex/hsbc/sc cards then opt for rupay virtual. It's much better.

 

[Ekavya]

But paying limit is less for virtual cards, I don't understand either why SBI praising virtual more. Probably due to lower userbase.

My limit is 50k per day. In case of physical it is 75k . So not much difference from my need

 

[Anupama_Jha]

My limit is 50k per day. In case of physical it is 75k . So not much difference from my need

They should give 1L, or atleast match physical one limit

 

[6ix9ine]

My limit is 50k per day. In case of physical it is 75k . So not much difference from my need

I was talking about the points limit. If you use a virtual DC for bills over 50K per transaction, you will lose the value of your points.

Virtual Limit:

• 50K per transaction (1000 points)
• Monthly limit: 5L (10000 points)

Physical Limit:

• 1L per transaction (1000 points)
• Monthly limit: 10L (10000 points)

These limits will help you earn the maximum points.

 

[Ekavya]

I was talking about the points limit. If you use a virtual DC for bills over 50K per transaction, you will lose the value of your points.

Virtual Limit:

• 50K per transaction (1000 points)
• Monthly limit: 5L (10000 points)

Physical Limit:

• 1L per transaction (1000 points)
• Monthly limit: 10L (10000 points)

These limits will help you earn the maximum points.

If one of my CC bill is 60k and
1. I paid full using Virtual CC I won't get any reward?
2. If I pay 30k + 30k ? Will I get full reward?
3. Same restriction on Physical card?

 

[6ix9ine]

If one of my CC bill is 60k and
1. I paid full using Virtual CC I won't get any reward?
2. If I pay 30k + 30k ? Will I get full reward?
3. Same restriction on Physical card?

1. You will hit the maximum points, once you pay till 50K. So, you are getting 0 points for rest 10K.

2. Same answer as above.

3. No, because physical DC reward system is different. Physical DC gives you 1000 points maximum and for gaining 1000 points, you have to spend 1L.

 

[Ekavya]

1. You will hit the maximum points, once you pay till 50K. So, you are getting 0 points for rest 10K.

2. Same answer as above.

3. No, because physical DC reward system is different. Physical DC gives you 1000 points maximum and for gaining 1000 points, you have to spend 1L.

Ok! Got it now

 

[2025]

Thank you for the information regarding option to use SBI reward points for credit card bill payment. Earlier I was using them for mobile /dth recharge. Now, thanks to you guys, I will make better use of my reward points. Much better than GC.

 

[Ekavya]

Thank you for the information regarding option to use SBI reward points for credit card bill payment. Earlier I was using them for mobile /dth recharge. Now, thanks to you guys, I will make better use of my reward points. Much better than GC.

I had similar experience

 

[Anupama_Jha]

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

Pls mark as solution☺️