SBI Credit Card Reward Points - How to Earn, Redeem and Convert Into Cash?

State Bank of India (SBI) is one of India’s most reputed banking institutions. The bank offers its customers several services along with the credit card facility on their SBI savings or current account. By using SBI credit cards, you can win reward points for shopping, travelling, and buying OTT subscriptions. Moreover, the bank provides several credit cards depending on the needs of its customers. 

Keep reading this article as we highlight the best SBI credit cards for winning reward points as well as how to earn and redeem such points.

How to Earn a SBI Credit Card Reward Point?

You can earn SBI credit card reward points by using your card for different online and offline transactions. Different cards are meant for different kinds of transactions. You should go through the terms and conditions of your credit card to know the best way to earn rewards from it.  

How to Check the SBI Credit Card Reward Points?

Checking your SBI credit card reward points is easy and comprises of different modes. Below, we have discussed each mode with a detailed breakdown of steps to follow.

Logging in to the Website

You can check your SBI credit card reward points by visiting the net banking portal. Just follow the below steps:

Step 1: Visit the SBI Credit Card portal.

Step 2: Login with your credentials.

Step 3: Go to the dashboard, and scroll to the bottom to find the reward points summary along with the expiry date.

Credit Card Statement

You can find the summary of your reward points on your latest credit card statement. For this, you will have to check the reward points summary section.

Interacting with SBI’s ILA Chatbot

You can interact with SBI’s ILA chatbot to find your statement. Here are the steps to follow:

Step 1: Open the chat box and click on ‘Statement’.

Step 2: Then enter “I want to view my statement”.

Step 3: Log in with your credit card credentials to view your statement.

SMS

You can send an SMS with the following message - "REWARD <space>last 4 digits of your credit card number" to 5676791 to learn about your reward points summary.

Mobile App

You can log in to the SBI Card mobile app to find out the reward points on your SBI credit card.

Giving Missed Call

You can give a missed call at 8422845514 from your registered phone number to find out your SBI credit card reward points.

How to Redeem the SBI Credit Card Reward Points?

You can redeem the SBI credit card reward points via net banking, or using the mobile application. Check below to know the steps for each mode:

Net Banking

Here’s how to redeem SBI credit card points via net banking:

Step 1: Visit the SBI Credit Card portal.

Step 2: Log in using your user ID, mobile number, or card details.

Step 3: Visit the ‘Rewards’ section and click on ‘Redeem Rewards’.

Step 4: From the rewards catalogue, select the items you want to buy.

Step 5: Click on ‘Redeem Now’ to finish the transaction.

Mobile App

Here’s how to redeem SBI card reward points by using SBI’s mobile app:

Step 1: Download SBI’s mobile app from the PlayStore or App Store

Step 2: Log in with your credentials.

Step 3: On the left side, you will find the ‘Rewards’ option. Tap on it.

Step 4: Now tap on ‘Redeem Rewards’.

Step 5: Go through the ‘Rewards Catalogue’ and choose the items that you want to buy.

Step 6: Tap on ‘Redeem’ to confirm the transaction.

SBI Credit Card Reward Points Convert to Cash

To convert SBI credit card reward points to cash, you will have to write an email to SBI or call the helpline number - 1860 180 1290, 1860 500 1290, 1800 180 1290 or 39 02 02 02 (Prefix local STD code).

Top SBI Credit Cards for Earning Reward Points

The table below highlights the best SBI credit card reward points:

Characteristics of the SBI Credit Card Reward Points Programme

Before you know how you can redeem your reward points, it is important to know the characteristics of such points. Here, we have covered some of the key features of SBI credit card reward points that you must remain aware of:

• Travel Benefits

The SBI credit card reward points offer several travel benefits, such as complimentary lounge access at domestic and international airports. You can also get discounts on flight and hotel bookings while booking through travel platforms. 

• Fuel Benefits

You can get a 1% fuel surcharge waiver with SBI credit card reward points. With a BPCL SBI Card OCTANE, you can win 25 reward points for every Rs. 100 spent on BPCL products via their website and app.

• Dining Benefits

SBI credit cards offer several dining benefits, such as winning reward points for spending a certain amount on dining, groceries, and other expenses.

• Renewal Offers

On spending a certain amount in the previous year, your renewal fee for the next year can be waived. However, this is dependent on the variant of the credit card the user is using. 

• Medical Benefits

The Doctor's SBI Card is the only credit card with the stamp of the Indian Medical Association. With it, you can get professional indemnity insurance coverage of Rs 20 lakh.

SBI Credit Card Rewards Catalogue

You can redeem your SBI credit card reward points across the following categories:

• Accessories
• Apparel and Superstore
• Books and Periodicals
• Electronics
• Offer of the Month
• Entertainment and Dining
• E-Voucher
• Health and Fitness
• Homeware
• Kids Zone
• Lifestyle
• Luxury
• Memberships
• Travel and Holiday

You can visit the SBI website to check the products you can buy under various categories.

Overall, here we have discussed all the major aspects of SBI credit card reward points that you must remain aware of. You can choose your SBI credit card according to your transaction preferences, as different credit cards provide you with different types of rewards on your accumulated points.

To make the most of your credit card, go for the transactions which yield the maximum rewards. You can redeem your rewards points across categories such as accessories, apparel, books, electronics, e-vouchers, health, lifestyle, travel, and luxury. Also, as discussed above, you can use both net banking and the SBI mobile app to redeem your points by following the steps we mentioned.

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