SBICard Diwali Offer (2021): Get 10% Cashback on Online Shopping Spends

By | October 7, 2021

SBICard has come up with a pleasant surprise for us by throwing a lucrative 10% cashback offer on online shopping capped at Rs.10,000 – which is generous for SBICard indeed. Here’s a quick look into the promo.

Base Offer

  • Min Transaction : Rs 7500 (Min. swipe amount on SBI/Tata Credit Card) 
  • Maximum Cashback: Rs 1750 per card account (Spend: 17,500 INR)

Bonus Offer

  • Extra Rs 8250 cashback per card account on cumulative Spends of Rs 1,00,000 & above
  • For cumulative/total spends calculation, each individual transaction should be Rs.7500 & above

Max Cashback across both offer: Rs.10,000 per card account, valid from 3rd Oct to 5th Oct 2021, fulfilled by 11th jan 2022.

This is a good deal, as you can use it whether you’re shopping small (17.5K) or big (1L) during this festive season.

The Catch

However the most important part of the offer is the eligibility. Not all transactions are eligible, Domestic e-commerce transactions in categories listed below will only be considered.

  1. Apparel 
  2. Automotive -Servicing & Accessories 
  3. Departmental Stores & Grocery 
  4. Direct Marketing 
  5. Electronics & Electricals 
  6. Entertainment & Music 
  7. Furnishing & Hardware Shops

Do check out the detailed T&C for more info on the offer. It’s less complicated, except the eligible txn type.

I wrote an email to Aurum Credit Card Support for which I got a callback within few mins – with a confirmation that my past txns done on Amazon and few other merchants are eligible for the offer. He said that my Amazon txn was under “Apparels & Accessories” category and that it is eligible for the offer.

It seems they have the info of the merchant type, but unfortunately not instantly available. They need to check with someone (hold for 2 mins) and then update us.

I’ve just shared the feedback to show the merchant category in the stmt. I wish every bank does that, for obvious reasons.

Aurum team is certainly useful for such quick callback support. This is definitely a luxury, given that the typical SBICard support is tough to reach and less knowledgeable for such queries. I wish they extend the Aurum like support to other cards as well, at-least for the Elite cards.

Offer Round 2

SBICard Cashback offer - round 2

SBICard just rolled out another 10% cashback offer similar to the above one. Here’s the detailed T&C.

Max Cashback for this round: Rs.7,500 per card account, valid on 7th & 8th Oct 2021, fulfilled by 11th Jan 2022.

Final Thoughts

SBICard every year has the habit of running 10% cashback offer on Amazon (or) Flipkart during the big amazon/flipkart deal days and this year it seems they wanted to extend this benefit (assuming from the short offer period) to many other merchants as well and so likely this type of offer came into picture.

Its good to see such offers and I guess we may also see a separate Diwali offer in typical style that I don’t prefer (Top spender offers). Anyway, let’s see.

What’s your thoughts on this short & sweet deal by SBICard to save 10% on online shopping spends?

Author: Siddharth

Helping Indians to choose right credit cards, pick right offers and enjoy luxury vacations for less. Day & night exploring the spiritual reality of our human existence.

34 thoughts on “SBICard Diwali Offer (2021): Get 10% Cashback on Online Shopping Spends

  1. Shushansh

    Can SBI differentiate between Amazon GC purchases vs regular purchases?
    I’m sure they can differentiate the Amazon Pay load, but most likely not physical GC purchases.

    Does anyone know anything about this?

    Reply
    1. Priyansh

      They can differentiate.

      So from my limited understanding, it’s something like this-

      If you GC is listed under vouchers category, they can see. But by mistake if it’s under Fashion category, they can’t.

      Like for Gold, they will exclude a gold coins in Gold coins and Such, but if Jewellery allowed and Gold coin shown under that, they include that.

      It’s basis category /Sub category

      Reply
    2. prtkgpta

      Interesting question. Untill a couple of months ago, SBI would just consider all Amazon trxs under one bucket only but then, recently they created two major buckets – one for the trx in which you would pay for cart items and another for trx through Amazon pay which could be wallet load, insurance payments, recharges, etc. This is how they started controlling on what trx to give 2.5% cashback for Simply Click card and for what trx not.
      Let me try and purchase a 500rs GV to see what the merchant id shows up in the statement.

      Reply
      1. Dev

        Had paid insurance via Amazon and 5x rewards credited today.. keeping fingers crossed for 10% cashback as part of the offer

        Reply
  2. Kamal

    Good offer with decent TnC . My major concern is the fulfilment period .
    As per their TnC ,
    “Cashback for eligible transactions would be posted on 05th January 2022”
    This is 90 days from the offer END date . Though this is marginally better than Amex 120 “business” days Fulfilment of their festive period offer , its pretty difficult for average Joe like me to keep track of such fulfilments.
    Hope banks and card issuers provide 30 days TAT for cashbacks.

    Thanks Sid anna for this post

    Reply
  3. Sandeep Baheti

    If I purchase an eligible item, say, apparel and then cancel the order and take the refund in Amazon wallet, will the transaction be eligible for cashback or not? Will it be treated as apparel purchase or wallet load?

    Reply
  4. Yogesh Gandhi

    Question

    What will happen if we spend tatacliq 10% cashback. Not sure if it 10 + 10 🙂

    Reply
    1. Rahul

      Yes on Ajio as well 10% instant discount upto 600 + 10 % Additional cashback on SBI CC?

      Reply
    2. Siddharth Post author

      Hit or miss, most likely a hit.

      Btw, just checked, TataCliq txn falls under MCC Code: 05964 (Direct Marketing)

      Reply
  5. Umesh

    No two offers can be clubbed i.e. If a Cashback / Instant discount has been availed on transaction/s in some other offer done by SBI Card at an Online merchant/s, then the same shall be excluded during the computation of eligibility of this offer. Merchant EMI subvention given as Instant Discount by brand/merchant/seller at the time of transaction will not be considered as an offer

    Reply
    1. Bhoom

      What do you mean by Merchant EMI subvention? Can you please explain because I have ordered a laptop from Flipkart on no cost emi with SBI credit card. Will it be eligible for 10% cashback?

      Reply
  6. Kumarasamy Thangapandi

    Will it applicable to Amazon mobile phones?( Electronics/Electrical category??)

    Reply
      1. Anand

        Sid will it be applicable on Laptop category on flipkart for No Cost Emi Transaction ? Please can you help?

        Reply
  7. Karthik N

    Any idea whether this cashback applies for purchasing gold coins on Amazon or flipkart ?

    Reply
  8. Anu

    Axis provides 10% instant and 5% cashback on Flipkart. Then why cant SBI. If SBI has specifically said then we can understand. If not, then it should be valid.

    Reply
  9. Ajai Dev

    Bought a AC on tatacliq but used a SBI offer for 2k off that transaction is excluded from the above offer according to customer care so cant double dip.

    Aurum is loosin it shine day per day now I am thinking of downgrading to Elite or something.

    Reply
    1. Siddharth Post author

      Excluded because of the offer or because of the MCC?

      Reply
      1. nihal

        No two offers can be clubbed i.e. If a Cashback / Instant discount has been availed on transaction/s in some other offer done by SBI Card at an Online merchant/s, then the same shall be excluded during the computation of eligibility of this offer. Merchant EMI subvention given as Instant Discount by brand/merchant/seller at the time of transaction will not be considered as an offer

        Reply
  10. Ashish

    Are flipkart gift card a different mcc? If I purchase urban ladder gift card on flipkart at 6% discount will I get cashback

    Reply
  11. Nilam

    If I buy a laptop from mi.com, which is offering 10% instant discount up to a max of 1000 rupees, will the entire transaction be ineligible for spend calculation? Can’t they just deduct this 1000 from 10000 of cashback if I spend 1 lakh in total

    Reply
  12. Umesh

    Looks like SBI has another offer now for spend over 75000.. 7500 cashback on spend over 75000

    Reply
    1. Siddharth Post author

      Wonderful. Just updated.
      SBICard is surprisingly lucrative this Diwali.

      Reply
  13. Riya

    what does select/leading merchant means ? If there is some small brand selling furniture online will that be included in it ?

    Reply
    1. Siddharth Post author

      Take a test txn, call support and get the MCC code and then go for higher amount.
      Ofcourse not user friendly, but that’s how it works.

      Reply
      1. Riya

        Is this valid for SBI Card prime and also what is the phone number to talk to a live person , I always get automated response.

        Reply
      2. Riya

        Did a test txn , called customer care to ask ,, they are telling that they are not aware of any such offer .. they have update only for oct3-oct5 th offer dumdar dash ,, not about 7th to 8th oct offer

        Reply
  14. Sunil Bajaj

    Are add-on cards also separately eligible? Could not find any mention in T&C, just that max cashback “per card account” is 10000. On amex, add-on card holders can create a separate login ID, but seems not on SBI. Does that even count as a different “card account”?

    Reply
  15. Vicky

    Is this cashback offer (max. Rs. 7500) also applicable on purchases made via Apple India Store? Their terms say – leading domestic ecommerce sites. Will they consider purchases made on Apple India Store and provide me cashback? Please reply. Thanks.

    Reply
    1. Siddharth Post author

      Take a test txn, call support and get the MCC code and then go for higher amount.
      Ofcourse not user friendly, but that’s how it works.

      Reply
  16. Vicky

    Okay may be i can call their support directly and ask them to confirm the MCC code on iPhone sales. Anyhow thanks for your reply.

    Reply
  17. naveen

    Hi Sid,

    Could you please post some good information artical regarding “Bharat QR” QR “QR payment via Credit Card”. Other than citi all banks qr codes failed payment via Bharat QR. Thanks in advance.

    Reply
  18. AAJ

    Sorry for a random question on this article.. Sid or others any idea of the max cashback for gold/silver coins/bars on PhonePe, they have deceived many times, want to be sure before purchasing 😀 TNc doesn’t show about *

    Reply

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