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SBI credit card reward point rules revised. More details here

Using an SBI credit card? Reward points rules on some SBI credit cards changed

SBI Cards has revised its reward points rules for online purchases from early next year.

SBI-backed credit card business reduces Amazon online spend rewards to 5X. Cleartrip vouchers can only be redeemed in a single transaction from January 6, 2023.

As stated on the SBI card website, “10X Reward Points on online spending at Amazon.in will be changed to 5X Reward Points w.e.f. 01 Jan’23.” Your card will continue to earn 10X Reward Points at Apollo 24X7, BookMyShow, Cleartrip, EazyDiner, Lenskart, and Netmeds. T&C.”

Effective November 15, 2022, credit card processing fees were revised.

“All Merchant EMI processing fees will increase to Rs.199 + taxes from Rs.99 + taxes. Starting November 15, 2022, all rent payments will include a Rs.99 processing fee plus taxes, according to the SBI Card website.

Redeeming credit card rewards online:

Log onto sbicard.com, click “Rewards,” then “Redeem Rewards.”

  • Select an item from the Rewards Catalog and click “Redeem now.”

How to redeem credit card rewards via app

  • Open the SBI Card app.
  • Click “Rewards” on the left and “Redeem Rewards” – Browse the Rewards Catalogue and “choose” reward products -Click “Redeem” and confirm.

SBI Cards charges a fee for credit card rent payments. According to an SMS, credit card rent payers would be charged Rs 99 + 18% GST. The costs begin on 11/15/2022.

SBI Cards’ merchant EMI processing cost has changed. The corporation raised the price from 99 to 199. These transactions are subject to 18% GST.
ICICI Bank and HDFC Bank have revised credit card fees.

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