Axis Bank flipkart vs sbi cashback

[G M]

I get 5% instant cb on Flipkart.
However in sbi cb card, i will get the same 5% cb post statement generation date for online transactions. Is my understanding correct?

 

[Pujaari]

You get 5% cashback in Flipkart (after 50 days/before next statement generation) not instant and Yes you will get 5% cashback in SBi cashback card after 2 days of current billing cycle/statement generation.

 

[Strange]

I get 5% instant cb on Flipkart.
However in sbi cb card, i will get the same 5% cb post statement generation date for online transactions. Is my understanding correct?

SBI Cashback Card calculates 5% cashback in a different way,

"The Card Cashback will be rounded down for each individual transaction. For e.g., for an eligible
online transaction of ₹1160, the 5% Card Cashback would be calculated as following:
1% Card Cashback = ₹1160 * 1% = ₹11 (rounded down from ₹11.60)
4% Card Cashback = ₹1160 * 4% = ₹46 (rounded down from ₹46.60)
Total Card Cashback for the transaction =1% Card Cashback + 4% Card Cashback = ₹11+₹46=₹57"

So Flipkart Axis is better for shopping on Flipkart.

Check their tnc https://www.sbicard.com/sbi-card-en/assets/docs/pdf/cashback-tnc-booklet.pdf

 

[bugmenot]

I get 5% instant cb on Flipkart.
However in sbi cb card, i will get the same 5% cb post statement generation date for online transactions. Is my understanding correct?

If you have both, it's better to keep both. Flipkart card has unlimited cashback and in offline 1.5% while SBICB has 10K limit in 5%.

 

[SJ13]

SBI Cashback Card calculates 5% cashback in a different way,

"The Card Cashback will be rounded down for each individual transaction. For e.g., for an eligible
online transaction of ₹1160, the 5% Card Cashback would be calculated as following:
1% Card Cashback = ₹1160 * 1% = ₹11 (rounded down from ₹11.60)
4% Card Cashback = ₹1160 * 4% = ₹46 (rounded down from ₹46.60)
Total Card Cashback for the transaction =1% Card Cashback + 4% Card Cashback = ₹11+₹46=₹57"

So Flipkart Axis is better for shopping on Flipkart.

Check their tnc https://www.sbicard.com/sbi-card-en/assets/docs/pdf/cashback-tnc-booklet.pdf

i thinking Flipkart also give round figure cashback
if i am wrong please correct me

 

[Strange]

i thinking Flipkart also give round figure cashback
if i am wrong please correct me

Flipkart Axis calculates 5% directly not 1%+4%.

If you calculate 5% of ₹1160 it will be ₹58
but in SBI Card you are just getting ₹57

 

[SJ13]

Flipkart Axis calculates 5% directly not 1%+4%.

If you calculate 5% of ₹1160 it will be ₹58
but in SBI Card you are just getting ₹57

ohk got it

 

[PavvanPavvan is verified member.]

Don't trust axis bank any day 🙂 SBI is quite ok

 

[SJ13]

Don't trust axis bank any day 🙂 SBI is quite ok

Specifically For Airtel Credit Card 😅

 

[PavvanPavvan is verified member.]

Specifically For Airtel Credit Card 😅

No no one of the BUrgandy Support executive told axis has stopped cashback on all utility bill payments INCLUDING ACE .. So am not worried on axis

 

[SJ13]

No no one of the BUrgandy Support executive told axis has stopped cashback on all utility bill payments INCLUDING ACE .. So am not worried on axis

no words for executive 🤐🤐🤐