SBI, one of India’s leading banks, has sent shockwaves among millions of its credit card holders with a significant alteration to its reward points system.
Starting from April 2024, SBI Card is implementing new rules that will impact how credit card users earn rewards.
Notably, no reward points will be granted for rent payments made through SBI credit cards.
The new regulation will take effect on specific credit cards from April 1, 2024, and on others from April 15, 2024.
Here’s a breakdown of the affected credit cards:
Effective from April 1, 2024:
AURUM
SBI Card Elite
Effective from April 15, 2024:
Air India SBI Platinum Card
Air India SBI Signature Card
Aditya Birla SBI Card Selection
BPCL SBI Card Octane
IRCTC SBI Card Premier
Fabindia SBI Card Selection
Etihad Guest SBI Card
Etihad Guest SBI Premier Card
Club Vistara SBI Card
Club Vistara SBI Card Prime
Lifestyle Home Center SBI Card
Choose Lifestyle Home Center SBI Card
Lifestyle Home Center SBI Card Prime
fbb styleup SBI Card
Central SBI Card
Select Central SBI Card
Nature Basket SBI Card
Nature Basket SBI Card Elite
Stay Informed, Plan Accordingly
This update underscores the importance of staying informed about changes in credit card policies.
SBI cardholders are advised to review their cards’ terms and conditions to understand how these alterations may affect their rewards earning potential.
