New Cashback SBI card launched!

[pjain2712]

5% Cashback on all online spends upto ₹10000, without any merchant restrictions.

Cashback not applicable on Rent Payments, Wallet Loads, Merchant EMIs, Cash Advances, Balance Transfer, Encash & Flexipay.



Application link: Click here to apply for cashback card

Card Review: https://www.technofino.in/sbi-cashback-credit-card-review/

UPDATE: CASHBACK SBI Card will be revised w.e.f. 01 May'23. For details, click https://sbicard.com/CashbackCard

 

[onlinetushar]

1 month ago they reject my Cashback card application today morning Cashback card is showing in mobile app. ☺️😍

 

[Wealth is my birth right!]

1 month ago they reject my Cashback card application today morning Cashback card is showing in mobile app. ☺️😍

Lol
Btw how much is the limit

 

[onlinetushar]

Lol
Btw how much is the limit

2,00,000 (Deducted from BPCL Octane)

 

[tanvi]

Applied on Sept 1
Received card on 3 Oct and have been using actively
And Today I received rejection mail😅

 

[Wealth is my birth right!]

2,00,000 (Deducted from BPCL Octane)

Great limit
Last month mostly all got 10k 20k limit only

 

[vak93]

Transactions on https://www.gyftr.com/sbiyono/offers blocks the card. Got IVR call unblocked it. Will i be able to buy gift card from here?

 

[shashifed]

Yes happened with me as well. Retried again the next day, worked fine

 

[Mogul]

how is the cashback calculated. i feel i have received 300rupees lesser

 

[rohit_]

how is the cashback calculated. i feel i have received 300rupees lesser

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

Calculation Formula:

 

[anish1516]

I applied at 1am midnight, now i already have a virtual card assigned. But that Limit 10k sucks.

Have a simplyclick as well, need to find ways to increase credit limit.

Same here bloody 10k limit what nonsense is this. I already have elite card with 2.75L limit. These buggers are making fool out of people. Even if I spend 1.2L in the whole year I will make 6k at max in the first year.

2,00,000 (Deducted from BPCL Octane)

How to do this?

 

[Wealth is my birth right!]

Same here bloody 10k limit what nonsense is this. I already have elite card with 2.75L limit. These buggers are making fool out of people. Even if I spend 1.2L in the whole year I will make 6k at max in the first year.

Speak to cc merged limit possible with Elite and cb card

 

[Slayer]

I applied at 1am midnight, now i already have a virtual card assigned. But that Limit 10k sucks.

Have a simplyclick as well, need to find ways to increase credit limit.

Transfer from simplyclink

I thought SBI rejecting simplyclink holders from getting cashback card

Speak to cc merged limit possible with Elite and cb card

Mission Successful! Not the limit is 1.7L. But we have some cam here as well. I wanted to transfer 2L limit but the system allowed only 1.6L

 

[skywalker]

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

Calculation Formula:

Why this though? Why don’t they just straightaway apply 5% cashback instead of 1% + 4%? Doesn’t make much sense to me lol

 

[anish1516]

Why this though? Why don’t they just straightaway apply 5% cashback instead of 1% + 4%? Doesn’t make much sense to me lol

I think 1% is a flat cashback so system would apply it by default. And then 5% is only on online transactions so 4% add on top of 1%.
That’s a very layman logic that I can think of not a tech expert.

 

[Slayer]

I think 1% is a flat cashback so system would apply it by default. And then 5% is only on online transactions so 4% add on top of 1%.
That’s a very layman logic that I can think of not a tech expert.

Most of the times i get 5% cashback (flat) if i do it in the multiples of 20

 

[Darthvader]

Mission Successful! Not the limit is 1.7L. But we have some cam here as well. I wanted to transfer 2L limit but the system allowed only 1.6L

Great . I will get my card delivered tomorrow. Will speak to CC and get the limit .

 

[cch]

I think 1% is a flat cashback so system would apply it by default. And then 5% is only on online transactions so 4% add on top of 1%.
That’s a very layman logic that I can think of not a tech expert.

This is because they have a cap on the rest 4% at 10k per month. After 10k you only get 1%.

I applied for this card 1 week back, my first SBI CC, got a limit of 2.61L, but had to answer 5 calls for verification. Once I got the card in the app, I got at least 10 calls trying to sell me CPP(Card protection Plan) worth 1899 + GST

 

[Slayer]

This is because they have a cap on the rest 4% at 10k per month. After 10k you only get 1%.

I applied for this card 1 week back, my first SBI CC, got a limit of 2.61L, but had to answer 5 calls for verification. Once I got the card in the app, I got at least 10 calls trying to sell me CPP(Card protection Plan) worth 1899 + GST

Meanwhile I got 100k limit

 

[skywalker]

Meanwhile I got 100k limit

I think you meant 10k haha

 

[Slayer]

I think you meant 10k haha

No 100k only

First SBI card