Likely to Get SBI Cashback As a LTF Card

[Sourabh_13]

If:

1. You've upgraded your regular SBI savings account to a Wealth account through the institutional (Insti) route AND
2. Obtained the SBI Elite LTF card via an Insti campaign AND
3. Have a pre-approved SBI Cashback offer

Then:
You might be eligible for the LTF SBI Cashback credit card

My Experience So Far:​

Out of the blue, my RM called me yesterday to discuss some SBI products and ongoing offers. One offer stood out: the possibility of obtaining a second LTF SBI credit card.

Since I’m only interested in the SBI Cashback and Aurum cards, I asked if either could be offered as LTF. My RM outright denied Aurum as LTF, saying the best case would be FYF. However, he said that SBI might extend the LTF Aurum offer—currently available for IIM students—to IIT students within the next 2–3 months.

For the Cashback card, he initially mentioned that his list didn’t include it. I told that I’ve had a pre-approved Cashback offer for months and requested him to check if something can be done. He later called and said that they could provide LTF Cashback under this offer since it is pre-approved.

My Concerns About SBI Cashback:​

1. Aurum LTF Hope:
   I’ve been optimistic that SBI would eventually offer the Aurum card as LTF to IIT students, similar to how they extended the Elite card. Getting Elite LTF was tricky, especially since I already held another SBI credit card. I didn’t want multiple SBI cards to jeopardize my chances of getting Aurum as LTF.
2. RM Confirmation:
   I wasn’t fully convinced that the RM’s assurance of LTF for Cashback was reliable. Because when I asked him for some mail or doc that talked about this offer, he dodged this request two times.

My Plan:​

For the second concern, I decided to proceed cautiously:

• Sacrifice one CIBIL inquiry and proceed with the application to the verification stage.
• During the verification, ensure the card is LTF and reconfirm post-approval.

For the first concern, I chose to take the risk. If the Cashback card is truly LTF, it’s worth it, even if I have to address potential challenges with SBI while applying for Aurum later.

Applied on 8th Jan. Processing went on till 2nd March.​

 

[Nikhil_Rajan]

@Sourabh_13
I received SBI Elite LTF (IIT) two months ago, with no CIBIL history. If I start upgradation of Wealth account is there any chance to get SBI CashBack LTF? I'll be applying for SBI CashBack in March as per IIT Branch agent's suggestion. I've time to prepare for the best.

Q. How to get a pre-approved offer for SBI CashBack?

@_ding_ding_ding_ Can you please share the agent details via DM as I’m looking to apply for the card under IIT offer but couldn’t find any agents.

 

[_ding_ding_ding_]

Can you elaborate on this?

I told that I’ve had a pre-approved Cashback offer for months and requested him to check if something can be done. He later called and said that they could provide LTF Cashback under this offer since it is pre-approved.

 

[Finchamp!]

@_ding_ding_ding_ Can you please share the agent details via DM as I’m looking to apply for the card under IIT offer but couldn’t find any agents.

Yes. Me too.

 

[Sourabh_13]

@_ding_ding_ding_ Can you please share the agent details via DM as I’m looking to apply for the card under IIT offer but couldn’t find any agents.

If you want to get Elite, then only your in-/near-campus sbi branch credit card guys do it. Other branch people mostly deny existence of such offer or ask to contact your own campus branch.

 

[sunit123]

लगता हैं काफी खाली समय हैं आपके पास...Date & time पूरा नोट किया हैं....टाइम में घंटे और मिनट के साथ सेकंड्स भी होते तो माजा आ जाता

 

[Sourabh_13]

लगता हैं काफी खाली समय हैं आपके पास...Date & time पूरा नोट किया हैं....टाइम में घंटे और मिनट के साथ सेकंड्स भी होते तो माजा आ जाता

बेरोजगार हूं, सर। 🥺

 

[_ding_ding_ding_]

Can you explain how pre-approved for SBI CB? Where can one check for that?

Can you elaborate on this?

 

[Sourabh_13]

Can you explain how pre-approved for SBI CB? Where can one check for that?

It was visible at four places:
1. SBI Cards app: a banner on the home page saying 'avail your next SBI credit card instantly.'
2. SBI Cards app: In the menu section, there was a new tab named 'Avail next card (with superscripted and highlighted word 'new' after it).
3. Yono SBI: Under 'Offers For You'
4. A text on the homepage of netbanking. Usually it has the word 'pre-qualified' but that sentence was changed...I don't remember it.

Clicking on any of these led to a page that showed multiple cards, one of which was Cashback.

 

[KingAAR]

how old is ur wealth account and elite, Btw which insti are you from?

 

[Exewhyzee]

SBI cashback mein 2 lacs toh rotate kar hi lete hai log to reverse fees. So LTF actually doesn't have much value.

 

[Sourabh_13]

how old is ur wealth account and elite, Btw which insti are you from?

Wealth Account and Elite are about 1.25 years old. IIT Bombay.

 

[Sourabh_13]

SBI cashback mein 2 lacs toh rotate kar hi lete hai log to reverse fees. So LTF actually doesn't have much value.

 

[devsfinance]

Wealth Account and Elite are about 1.25 years old. IIT Bombay.

Alumni me wealth upgrade krvado RM ko bolke 🙁 my college branch folks don’t pick up calls.