SBI Card, under a limited period offer, is offering up to 15% discount on e-gift vouchers from some of the most popular brands in collaboration with Gyftr, which is one of India’s largest gift voucher resellers. The offer is valid from 23rd September to 27th September 2021. Earlier this month, Kotak Mahindra Bank tied up with Gyftr to offer Instant Vouchers to its customers. Many other big names in the Indian credit card market including HDFC Bank, Axis Bank and American Express are already offering instant vouchers to their customers in partnership with Gyftr.

SBI Gyftr Offer

Available Brands:

SBI Card is offering e-gift vouchers from many popular brands under various shopping categories at discounted rates (up to 15% off) in partnership with Gyftr. A dedicated portal has been launched by SBI Card and Gyftr where you can buy these shopping vouchers. Gift vouchers from the following brands are available on the portal-

  • Online Shopping (generic)- Amazon and Flipkart
  • Offline Shopping (general)- Big Bazaar
  • Fashion- Myntra, Pantaloons, Aditya Birla Fashion & Retail (including Allen Solly, LouisPhilippe, Peter England and Van Heusen)
  • Grocery- Grofers, Spencer
  • Kitchenware- Prestige

What are the discounts:

You get different discount rates on gift vouchers from different brands. The following table summarises the discount percentage on the gift vouchers from the available brands along with their validity-

Brands Discount Validity
Amazon 3% 11 months
Flipkart 2% 11 months
Myntra 9% 11 months
Spencer 5% 6 months
Big Bazaar 6% 11 months
Grofers 10% 5 months
Aditya Birla Fashion & Retail  15% 6 months
Pantaloons 15% 10 months
Prestige 15% 6 months

How to buy the vouchers and avail discount:

To buy a voucher at the discounted rate-

  • Visit the dedicated portal launched by SBI Card and Gyftr for this offer.(www.gyftr.com/sbicard)
  • Choose the brand you want to buy a voucher of.
  • Enter your mobile number when prompted.
  • Complete the transaction with your SBI Credit Card to avail the discount.

To redeem the gift voucher-

  • Visit the merchant’s website or offline store (as applicable).
  • Enter the voucher code at the time of check-out (for online transactions) or show the voucher to the cashier (for offline transactions).
  • The voucher amount shall be deducted from the total billed amount.

Offer Terms & Conditions:

  • The offer is applicable only if the payment is made through an SBI/Tata credit card.
  • The offer is valid from 23rd to 27th September 2021.
  • For Amazon and Flipkart gift vouchers, a max cap of Rs. 20,000 per card is applicable (separately for each of Amazon and Flipkart).
  • The offer is also applicable on EMI transactions through SBI Credit Cards.
  • For detailed terms & conditions, you may visit the official offer terms and conditions page.

Bottom Line:

SBI Card is offering discounts on gift vouchers from various popular brands including Amazon (3% discount) and Flipkart (2% discount). Considering that you usually do not get discount benefits on Amazon and Flipkart vouchers, this is a good initiative by SBI Card. Apart from Amazon and Flipkart, you’re also getting a high discount rate of 15% on gift vouchers from premium fashion brands and a 10% discount on vouchers from grocery retailers (Grofers and Spencer). What do you think of this exclusive offer by SBI Card and Gyftr ? Do let us know in the comments. Happy Shopping!

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