Shock to SBI users, big devaluation in cashback credit card from May 1, will not get the benefit of lounge access

New Delhi. If you are a user of Cashback SBI Card, then there is bad news for you. Actually, there is going to be a big devaluation in cashback SBI card. Changes have been made in the benefits available through this credit card. These changes will come into effect from May 1, 2023.

The biggest change that has been made is that now all the categories together will get a maximum cashback of Rs.5000 in a month/billing cycle. Earlier there was a maximum limit of 10 thousand cashback in the shopping category while 1% unlimited cashback was available in some categories. Apart from this, the facility of complimentary airport lounge access will no longer be available. Earlier, the cardholder was given the opportunity to stay at the domestic airport lounge for free up to 4 times every year.

Special features of the card-

• Cashback without any merchant restrictions SBI Card customers will get 5% cashback on online shopping from anywhere. This means that if you shop from Amazon, Flipkart or any other website, you will get 5% cashback.
• Apart from this, you will get 1% cashback on offline payment and utility bill payments.
• No cashback will be available on Rent Payment, Wallet Load, EMI Transaction, Cash Advance, Balance Transfer, Incash and Flexipay. After the new change, now cashback will not be available in some categories like Insurance Service (MCC- 5960, 6300, 6381) Utility (MCC- 4814, 4900, 9399, 4816, 4899), Jewelery (MCC- 5051, 5094, 5944, 7631) .
• Fuel surcharge of 1% will not have to be paid on payment of fuel purchase from Rs. 500 to Rs. 3,000 at petrol pumps with this card. A maximum of Rs 100 fuel surcharge can be waived in a billing cycle.
• This card is equipped with contactless technology, which also gives customers the facility of ‘Tap and Pay’ i.e. payment can be made by just tapping on the POS machine without swiping the card.
• This card can be used at all merchant outlets or online platforms that accept Visa cards.

read this also- Flipkart Axis Bank Super Elite Credit Card: Get up to 12% cashback on Flipkart, know the features of the card

No need to redeem cashback
There is no need to redeem the cashback in the Cashback SBI Card. This card has auto-credit cashback facility. Due to this, you get cashback in your credit card account within 2 days of next bill generation.

read this also- Are customers of Airtel? You can save 300 rupees on recharge every month, just have to make this card

Cashback SBI Card Charges
>> The joining fee of this card is Rs.999.
>> The renewal fee of this card is Rs.999. However, the renewal fee is reversed after spending Rs 2 lakh in a year.

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Tags: Cashback Offers, credit card, sbi