Navigating SBI Reward Point Redemption: A Comprehensive Guide
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SBI Card offers credit cards in multiple categories which focuses on travel, shopping, entertainment, groceries, fuel, etc. There are many cards offered by SBI like SBI Elite Credit Card, SBI Simply Click Credit Card, SBI Simply Save Credit Card, SBI Cashback Credit Card, BPCL Credit Card and many more. A cardholder can earn reward points on the transaction made through their credit cards for shopping, dining, fuel, travel, etc which can either be redeemed or converted into cash. Let us have a look how a cardholder can redeem the reward points through this article.
Top 5 SBI Credit Cards that earn Reward Points
Mentioned are the top 5 SBI Credit Cards that earn reward points:
SBI Credit Card | Annual Fee | Rewards |
SBI Card Elite | INR 4,999 |
|
SBI Card Prime | INR 2,999
|
|
Doctor’s SBI Card (in association with IMA)
|
INR 1,499 |
|
SBI Pulse Credit Card
|
INR 1,499
|
|
Air India SBI Signature Card
|
INR 4,999 |
|
BPCL SBI Card OCTANE
|
INR 1,499 |
|
SBI Credit Cards Reward Catalogue
It offers variety of products and merchandise to redeem the reward points. Mentioned is the categories of rewards points that can be redeemed against SBI card:
- Books
- All the genres and varieties are listed in this category to select from
- Apparels and Superstore
- It provides E-vouchers of different brands and retail outlets
- Entertainment and Dining
- Passes and tickets for leisure and relaxation
- Host of vouchers
- Health and Fitness
- Get a Fitbit watch alongwith the membership offers for many affiliated fitness centres
- Kids Zone
- Toys
- List of games
- Get educational and fun products for all age group children
- Gadgets
- Household
- All items of household utility
- Lifestyle products
- Varied luxury items that are lifestyle possessions for the customers
- Membership packages
- Get prime services that contains a list of places to choose from which cardholders would definitely like to experience
- Travel and Holiday
- Offers a huge range of travel related products and items which includes luggage bags and wallets
- Accessories
- Perfumes
- Sunglasses
- Wallets
- Laptop bags
- Pens
In normal course of action, reward points can be redeemed against gift cards and vouchers from the credit card companies. But, some companies also allow the customers to convert the reward points into cash. On similar lines, SBI also allows its SBI Credit Card Reward Points Convert to Cash, which can further be used to repay the outstanding balance of their card.
- SBI Cards also provide the option to redeem the reward points to cash
- In order to redeem reward points for cash, one is required to send an email to the SBI’s customer care
- Also,you can call them at their helpline number and speak to the customer care representative.
Different Ways to Redeem Reward Points
Mentioned are the different ways to redeem the reward points offered by SBI:
- Internet Banking
Mentioned are the steps that are to be followed to redeem the reward points using SBI Internet banking:
Step 1: Open the web portal of SBI Card.
Step 2: Using your User ID , credit card details, and mobile number, make a login.
Step 3: Go to the tab “Rewards” and further click on the option “Redeem Rewards”.
Step 4: Select the products or items that are to be bought from the Reward Catalogue.
Step 5: To complete the transaction, click “Redeem Now”.
- Mobile Banking
Mentioned are the steps that are to be followed to redeem the reward points using SBI Mobile banking:
Step 1: From the Google Play Store or Apple IOS Store to download the SBI’s mobile app.
Step 2: Using your credentials, initiate a login.
Step 3: Tap on the option “Rewards” provided at the left hand side.
Step 4: Select the items that are to be bought by choosing from the “Reward Catalogue”.
Step 5: To confirm the above said transaction, click on the tab “Confirm”.
- Offline
Also, you can call the customer care center to get your reward points redeemed offline. The bank executive will further assist you through the process. It can be paid either in points or the option “Points plus Pay” can be chosen.
Also one can get the accumulated reward points converted into Air Miles and redeem the same for a flight ticket booking. This Air mile conversion program is available on the below mentioned SBI Cards:
Air India SBI Platinum Card
Air India SBI Signature Card
The rate of Air Mile conversion is 1 Reward Point = 1 Air India Mile.