SBI Card update: No reward points for spending on digital gaming platforms

Decision part of a broader revision of credit card policies by several banks in India

SBI Card has made changes to its rewards programme, updating terms for customers who engage in transactions on digital gaming platforms. The credit card company will not allow the accrual of reward points for purchases made on such platforms.

 

The decision comes as part of a broader revision of credit card policies across several banks in India, including changes in fees and reward structures.

 

Overview of changes

 

The discontinuation of reward points on digital gaming transactions applies to a wide range of SBI credit cards. Affected cards include popular options such as:

 

AURUM • SBI Card ELITE

 

 

SBI Card ELITE Advantage

 

SBI Card Pulse

 

SimplyCLICK SBI Card

 

SimplyCLICK Advantage SBI Card

 

SBI Card PRIM

 

SBI Card PRIME Advantage

 

SBI Card Platinum

 

SBI Card PRIME Pro

 

SBI Card Platinum Advantage

 

Gold SBI Card

 

Gold Classic SBI Card

 

Gold Defense SBI Card

 

Gold & More Employee SBI Card

 

Gold & More Advantage SBI Card

 

This change is relevant for consumers who frequently use their credit cards for online gaming purchases. The decision reflects a growing trend among financial institutions to reassess their rewards programs amid changing consumer behaviors and regulatory environments.

 

1 per cent fee on utility payments over Rs 50,000

 

Effective December 1, 2024, a 1 per cent fee applies to utility payments exceeding Rs 50,000 within a single billing cycle. This charge will cover payments for services such as electricity, water, gas, and other utilities. Payments below Rs 50,000 per billing cycle will remain exempt from this fee.

 

Earlier in October SBI discontinued the issuance of Air India SBI Platinum Credit Cards and Air India SBI Signature Credit Cards.