State Bank of India Revises Rules For Cashback Services On Credit card

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The Financial Year 2023-24 has commenced with many changes introduced in personal taxation, investments, etc following the Union Budget 2023. May has also brought many financial rules and regulations into effect. Some key financial changes have also been introduced by the State Bank of India Credit Cards and Payment Services. SBI has made some revisions to rules from May 1. The Bank has shared information regarding this on its official website. According to the changes:-

1. Customers will not be able to avail of the benefits of EazyDiner Prime and Lenskart Gold Membership via AURUM Credit Card.

2. AURUM Credit Card holders will also not be able to avail of the coupon of Rs 5,000 from RBL Luxe for a Milestone Spend of Rs 5,00,000. They will avail of this coupon from Tata CLiQ Luxury.

3. SBI has also reduced the reward points on the use of SimplyCLICK SBI Card and SimplyCLICK Advantage SBI Card while doing online rent payments. The reward points have been reduced from 5x to 1x.

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