State Bank of India (SBI) is tightening its rewards program, and from December 2024, users will no longer earn Reward Points for transactions on digital gaming platforms and merchants with the Merchant Category Code (MCC) 7994. This comes after SBI previously removed Reward Points for government service transactions in June 2024, showing a clear trend of limiting rewards across various categories. Here’s what this means for cardholders:
Key Points to Note:
- Affected SBI Cards: If you’re using any of these popular SBI credit cards, you won’t earn points for gaming transactions starting December:
- AURUM
- SBI Card ELITE
- SBI Card Pulse
- SimplyCLICK SBI Card
- SBI Card PRIME
- SBI Card Platinum
- SimplySAVE SBI Card
- SHAURYA SELECT SBI Card
- Unchanged: Notably, the SBI Cashback Credit Card is excluded and will continue to earn Reward Points on gaming spends.
Why This Matters:
This is a significant change, especially for those who game online frequently. If you count on SBI’s rewards for your spending, you may want to reassess how you’re using your SBI card for gaming platforms.
Trend Alert:
SBI’s recent shift reflects a growing focus on limiting rewards in specific categories, following similar updates across various issuers. For those affected, it may be worth exploring alternatives that continue to offer value for gaming or digital transactions.
Pro Tips:
- Stay Updated: Keep an eye out for further updates, as rewards programs can change often.
- Consider Alternatives: If gaming rewards are important to you, evaluate other cards offering rewards or cashback on digital transactions.
For more visit SBI Credit Card