SBI Cashback Credit Card- Annual fee debited

[skyisthelimit]

Annual fee for SBI Cashback Credit card is debited yesterday, even after, spending of more than Rs. 2 lakh.

Will it get reversed automatically or take up the matter with "Clueless SBI Card" ?

 

[Lobogris]

He said close to 10 lakhs. When you cross the 10 lakhs, the biggest shark of Income Tax department will come into play.

What is the problem of you are filing required tax? IT won't do anything. All they get is a report. If they check, they will see that the person has enough income and has paid tax on it. What's the worry?

 

[Lobogris]

Context - Spent close to 10lakhs on my SBI Cashback card this year. The card was issued last year October. Now when Im checking my credit card statement, I have an annual fee charged (1180 rupees). Is this a bug? or will my fees be reversed?
PS: Dont mind paying the fee, but I don't want SBI to go back on their word!

It will be reversed along with GST in a few weeks. Same happened to me as well.

 

[SSV]

Context - Spent close to 10lakhs on my SBI Cashback card this year. The card was issued last year October. Now when Im checking my credit card statement, I have an annual fee charged (1180 rupees). Is this a bug? or will my fees be reversed?
PS: Dont mind paying the fee, but I don't want SBI to go back on their word!

It will be reversed along with GST in a few weeks. Same happened to me as well.

If you guys had spent about 10 lakhs p.a.
you can request them for LTF and they will gladly oblige as done by a few including myself
I spent about 7 lakhs only

 

[starstruck]

What is the problem of you are filing required tax? IT won't do anything. All they get is a report. If they check, they will see that the person has enough income and has paid tax on it. What's the worry?

Not a problem for people with genuine spends but why bring additional scrutiny to the tax returns.

If you are the one doing spends for your whole family and you exceed above 10 lakh in multiple cards, there is an additional headache to explain if asked by IT.

The real problem is for the rotators.

 

[SSV]

If you guys had spent about 10 lakhs p.a.
you can request them for LTF and they will gladly oblige as done by a few including myself
I spent about 7 lakhs only

It will be reversed along with GST in a few weeks. Same happened to me as well.

Discussed here ..

Post in thread 'Pro Tips to make a SBI card life time free'
https://www.technofino.in/community...e-a-sbi-card-life-time-free.10592/post-393730

 

[SSV]

If you are the one doing spends for your whole family and you exceed above 10 lakh in multiple cards, there is an additional headache to explain if asked by IT

Not a problem for people with genuine spends but why bring additional scrutiny to the tax returns

To catch the naughty guys…
While implementing these systems,
unfortunately sometimes the obedient guys get caught in the process.. and had to spend some unwanted time explaining themselves..
Without these kind of measures, catching naughty guys becomes very difficult .
To avoid this unpleasant situation , spread your and your family spends across different FYs and across different cards

 

[shashifed]

If you guys had spent about 10 lakhs p.a.
you can request them for LTF and they will gladly oblige as done by a few including myself
I spent about 7 lakhs only

How do we got about asking them? Call the customer care ? or drop an email ?

 

[SSV]

How do we got about asking them? Call the customer care ? or drop an email ?

By submitting the Closure request.

 

[Vineeth043]

I have spent around 1.8L on SBI cashback credit card, and I will be charged with annual fee on December 13th, can I call SBI and ask for fee wavier, will they consider or should I spend another 20k for automatic wavier?

 

[gamersgzb]

I have spent around 1.8L on SBI cashback credit card, and I will be charged with annual fee on December 13th, can I call SBI and ask for fee wavier, will they consider or should I spend another 20k for automatic wavier?

Spend another 20k is better

 

[Rkr]

I have spent around 1.8L on SBI cashback credit card, and I will be charged with annual fee on December 13th, can I call SBI and ask for fee wavier, will they consider or should I spend another 20k for automatic wavier?

In advance ,They will not consider for Annual fee waiver..
Either spent additional 20k for automatic waiver or wait for A/F to be charged and then call for waiver..

 

[Akr706]

are spends which are reversed counted towards this? Say I order something and cancel it two days later, will that spend be counted towards 10L? Bank at least consider the reversed money as payment towards the statement, so I wonder would spends like these could also F**k someone over, especially those who want to avoid it but tread closely to that line.

SBI doesn't count refunds as payments towards the statement.

 

[Pankhuri]

SBI doesn't count refunds as payments towards the statement.

Since when? It did in june for me.

 

[Akr706]

Since when? It did in june for me.

Just last week got finance charges added to my statement as I didn't pay previous statement bill in full due to multiple refunds. But they didn't hesitate in refunding the charges, so it was all good.

 

[Pankhuri]

Just last week got finance charges added to my statement as I didn't pay previous statement bill in full due to multiple refunds. But they didn't hesitate in refunding the charges, so it was all good.

That's their preferred way.

 

[techt]

So did you get refund? @shashifed

 

[mangalorean]

Fee with GST will get reversed within 30 days.

Just wondering if the Rent Payments done through SBI cashback counted towards the spends for annual fee waiver?

 

[SSV]

Just wondering if the Rent Payments done through SBI cashback counted towards the spends for annual fee waiver?

YES . .

 

[Animal]

Just wondering if the Rent Payments done through SBI cashback counted towards the spends for annual fee waiver?

There is no exclusion.