The State Bank of India (SBI) offers a variety of credit cards that meet users’ different needs, from shopping and dining to travel. With an SBI credit card, users can enjoy benefits like cashback, reward points, discounts, and various brand and service offers. The RuPay network is India’s own card payment scheme, designed to fulfill the Reserve Bank of India’s desire to have a domestic, open-loop, and multilateral system of payments. In collaboration, RuPay and SBI have launched some credit cards that offer a variety of benefits and rewards to their cardholders.
SBI Card has introduced a limited-time offer. Linking any of your SBI RuPay credit cards with PhonePe, a digital payment and financial services company, you will get a cashback of ₹50 on the first two UPI transactions through the app. This offer can be availed only once per RuPay credit card by Indian residents who own a valid and current SBI card. The minimum eligible transaction for this offer is ₹100. Click here to link your card.
Offer Valid From 7th Feb 2025 till 6th April 2025
How to Receive the PhonePe Cashback?
Make a Transaction: Start by making a purchase or transaction through PhonePe. After you’ve successfully completed the transaction, a confirmation page will pop up, indicating that a reward is on its way to you. You’ll also receive a notification from PhonePe informing you that you’ve won a scratch card.
Scratch and Win: Head to the rewards section within the PhonePe app to see your reward. There, you’ll find the scratch card you’ve just won. Scratch this card to reveal your cashback amount.
Instant Cashback: Once you’ve scratched the card and revealed your prize, the cashback amount will be instantly credited to your PhonePe Gift Card. This gift card can then be used for future transactions through merchant sites or stores that accept PhonePe as a payment method.
Validity Period: All scratch cards you receive are only valid for a month from the transaction date. Make sure to use them before they expire.
Help Center: If you encounter any issues or have questions about your reward, PhonePe Customer Care is there to help. You can raise any concerns or get support by visiting the Help and Support section within the app.
Offer Terms and Conditions
- This offer applies to a selected set of users.
- The offer is only valid for SBI RuPay Credit Cards on UPI transactions.
- Payment must be made through UPI using a credit card only. No other payment methods, such as wallets, credit cards, or debit cards, are eligible for this offer.
- To make UPI payments using your RuPay credit card, you don’t need to enter the CVV or wait for an OTP SMS. Select your credit card, enter your UPI PIN, and avail of the offer.
- Your PhonePe gift card balance is valid for one year from the issue date, after which it will expire.
- Cashback can be used for recharges, bill payments, and purchases on PhonePe partner platforms/stores.
- You cannot withdraw the cashback earned to any linked bank account or transfer it to other customers.
- This offer is only applicable to iOS and Android devices.
- If there are any cancellations, any cashback you receive will be converted into a gift voucher balance. This balance cannot be withdrawn from your bank account but can still be used on PhonePe for recharges, bill payments, etc.
- The refunded amount, minus any cashback, will be credited to the original payment source.
- The offer is valid from 7th Feb 2025 till 6th April 2025.
Bottom Line
This special offer by SBI RuPay Credit Card and PhonePe is a great way to earn a quick ₹100 cashback. Simply link your SBI RuPay Credit Card to PhonePe and make your first two UPI transactions to receive the benefit. With a minimum transaction of just ₹100 and the chance to instantly use your cashback on various platforms and stores, it’s a straightforward way to save some money. Remember, the offer is time-bound till 6th April 2025, so make sure to take advantage of it while it lasts.