SBI Virtual DC Rewards - Query & Discussion

[raghumahajan]

As per Grok:

Final Answers​

1. Activation Bonus: No, not for an existing physical DC.
2. VDC Points per ₹100: 2 points normally, 4 points in birthday month (not 3).
3. What Counts Toward 10,000 Cap: All points (standard, birthday bonus, and likely activation bonus if earned in the month).
4. 1,000 Points per Lakh Toward Cap: Yes.
5. Activation Bonus towards cap: likely
6. Spending to Hit 10,000 Points:
   • Non-Birthday: ₹10,00,000 (physical DC) or ₹5,00,000 (VDC).
   • Birthday: ₹5,00,000 (physical DC) or ₹2,50,000 (VDC).

Members please upvote / downvote

 

[Raavan]

I already had physical DC, will I get an activation bonus?

Within first 2 months only.

Using VDC, do I get per 100 spend/payment 1 reward (0.25%), 1 VDC bonus (0.25%), 1 birthday bonus (0.25%) = total 3 reward points (0.75%)?

Earn 2 points per 200
Extra 2 points per 200 milestone
Another 2 points for birthday. Total 1.5%

Which all count towards the overall capping of 10000 reward points?

Birthday and regular spends

1000 Points per lakh spent will be counted towards 10000 capping

No

Activation bonus 1000 Points per lakh spends?

What do you mean?

 

[raghumahajan]

Using a Virtual debit card in the birthday month:
1. No, won't get activation bonus again, if already has physical DC
2. Will get 1x reward point (2 reward per 200) for transaction, 1x reward for using VDC, 2X reward in bonus month - total 4x rewards. As 1 reward point is Rs 0.25, the effective reward rate is 1%.
--- Kindly note, Birthday bonus rewards will be credited in the next month (mostly in the first week of next month)

3. Normal rewards, Virtual Card use rewards & birthday bonus are considered in the capping of the 10K monthly cap. You will continue to get normal and VC rewards till 10K as bday bonus comes next month. But if total exceeds 10K, bday bonus will be reduced. [SEE Attachment]
4. Bonus points will be given on each lakh spent. (Not calculated on points received) And it is not considered in capping.

Pro Tip:
Birthday month using VDC: spend at max 2.5L to get 10K points and 2K bonus, total 12K points ~ Rs 3K
Non-birthday month using VDC: spend at max 5L to get 10K points and 5K bonus, total 15K points ~ Rs 3.7K