Everything You Should Know About SBI Rewardz

The State Bank of India is one of the largest and most trusted banks in India, with a customer base of over 50 crore. Many casual users of SBI might think that rewards are exclusive to credit card holders. SBI has a loyalty program called SBI Rewardz. With this program, customers can earn Reward Points whenever they make eligible transactions using their debit cards.

Shops, restaurants, and online platforms are just a few places where using your SBI debit card can earn you rewards. Whether you’re grocery shopping or paying utility bills, you can accumulate points without the need for a credit card.

What is SBI Rewardz?

SBI Rewardz is a loyalty program by the State Bank of India. Every time you use SBI services like your debit card, mobile banking, or online banking for eligible transactions, you earn Reward Points. These points can then be used to shop, pay bills, recharge your phone, or even book movie tickets.

The best part? You don’t have to sign up separately. If you’re an SBI customer, you’re already enrolled in the program. All you need to do is activate your SBI Rewardz account.

How Can You Earn Reward Points?

Here are the main ways you can earn SBI Reward Points:

• Debit Card Transactions: When you swipe your SBI debit card at stores or use it online, you get points for every eligible transaction.
• Online Banking and Mobile Banking: Use SBI’s internet banking or YONO app to make payments, transfer money, or perform other transactions. You’ll earn points for many of these activities.
• Bill Payments and Recharges: Pay your mobile, electricity, gas, or water bills through SBI platforms and earn points.
• Loans and Other Services: In some cases, availing loans or doing certain banking activities can also earn you extra points.

Redeem your Points

Users can redeem the points earned by them in many ways:

• Mobile and DTH Recharges: You can use your points to recharge your mobile phone or DTH service.
• Gift Vouchers: Get vouchers from top brands like Amazon, Flipkart, Myntra, Swiggy, and more.
• Shopping: Buy electronics, home appliances, fashion items, or accessories through the SBI Rewardz platform.
• Travel Bookings: Book flight tickets, hotels, or even buses using your points.
• Movie Tickets: Use your points to book movie tickets via BookMyShow and similar platforms.

Every 1 Reward Point equals ₹0.25, so if you have 1,000 points, that’s worth ₹250.

Milestone Rewards

Under the SBI Rewardz program, users can earn special milestone rewards when they spend ₹1 lakh using their SBI debit card. If you spend ₹1 lakh in a year, you will receive a bonus of 1,000 Reward Points. The points you earn can be redeemed for various rewards like shopping vouchers, mobile recharges, and even travel bookings.

Earn Reward Points through SBI Debit Cards

Extra Reward Points

Users can earn extra points in SBI Rewardz by shopping on their favorite partner websites. Each site offers a different multiplier on the points earned, allowing users to maximize their rewards with every purchase.

For example:

• IGP: When you shop on IGP, you can earn 20X points.
• Koskii: Shopping on Koskii gives you 5X points.
• Myntra: Fashion shopping can be rewarding as Myntra offers 10X points.
• HappyEasyGo: Booking your travel via HappyEasyGo earns you 5X points.
• Go Indigo: When traveling with Go Indigo, you can also earn 5X points.

How to Register and Use SBI Rewardz?

• Visit the SBI Rewardz portal.
• Click on “Register”.
• Enter your CIF number (this is mentioned in your SBI passbook or internet banking)
• Use the OTP sent to your registered mobile number and email.
• You can also download the SBI Rewardz app from the Google Play Store or Apple App Store to manage your account easily.
• Once registered, you can log in, check your points, and redeem them for rewards anytime.

Summer Carnival Program

The SBI Rewardz Summer Carnival is an ongoing campaign that allows SBI debit card users to earn extra Reward Points for their purchases. This offer is valid from 1st June to 30th June 2025. During the Summer Carnival, when you spend a minimum of ₹2,000 on apparel and lifestyle items, you will earn 5 times the normal Reward Points for those purchases. However, there is a limit of up to 600 extra points you can earn during the campaign.

The additional Reward Points will be credited to your account within 60 days after the campaign ends. Once they are added, you can use them for up to 2 years. To qualify for these points, you need to shop at stores that fall under specific categories related to apparel and lifestyle. These categories are defined by special codes called MCC Codes.

This is a great way to earn extra rewards on something you’re already buying. If you’re planning to shop for clothes or lifestyle products in June, make sure to use your SBI debit card to take advantage of these added benefits.

Conclusion

SBI Rewardz is a loyalty program that allows customers to earn rewards while using their SBI debit cards and other banking services. It enables users to accumulate Reward Points on everyday transactions, from grocery shopping to paying bills. This program not only rewards regular spending but also offers different ways to redeem points for travel, shopping, and entertainment. With added benefits like bonus points for spending milestones and seasonal promotions, SBI Rewardz adds value to each transaction. This is a great chance for SBI customers to get more from their banking, as they can turn their everyday expenses into rewards.