SBI Gold Card:1 point for 100 rupees of spend. Points have an expiry date.
For a Lifestyle voucher worth 500 rupees, you need 2300 points plus 109.20 will be billed in next statement as fees.
So technically you are spending 230109.20 to get a voucher worth Rs. 500
For comparison's sake, lets check Citibank IndianOil Card:
4 points for 150 rupees of spend (fuel). Points do not expire.:thumb:
Once 500 points are accumulated, you can call their customer helpline and they deduct 500 rupees from your statement.
So technically you are spending 18750 to get a discount worth Rs. 500:thumb:
SBI beats even the Private banks in this matter. Would like to know what other members think of this.
For a Lifestyle voucher worth 500 rupees, you need 2300 points plus 109.20 will be billed in next statement as fees.
So technically you are spending 230109.20 to get a voucher worth Rs. 500
For comparison's sake, lets check Citibank IndianOil Card:
4 points for 150 rupees of spend (fuel). Points do not expire.:thumb:
Once 500 points are accumulated, you can call their customer helpline and they deduct 500 rupees from your statement.
So technically you are spending 18750 to get a discount worth Rs. 500:thumb:
SBI beats even the Private banks in this matter. Would like to know what other members think of this.