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SBI Card PhonePe SBI Card – CVP new SBI CC launching

That's wrong, when you call them they'll say the same thing 2000 RP equivalent to 500 INR with 99+gst redemption fee. Ask them to confirm or connect the call to a supervisor, the supervisor will actually tell you the facts of this card. NO redemption fee and the ratio is ofc 1:1. I redeemed 1000 RP for 1000 rs as statement credits. The card is new so not every SBI executive knows much about the card.
One more question, do I need to wait for the statement generation or I can redeem once the total RP reaches 1k? My bill was on 1st and the RPs was 800 that time and now it went past 1K.
 
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