A reward point is a benefit provided by financial institutions to credit cardholders in exchange for every penny spent on their card. One of the main reasons to apply for SBI credit cards is that it offers exclusive rewards in a wide number of categories. More rewards mean more savings and more customer delight. To earn reward points you need to use your credit card for those transactions only that let you earn them. The SBI Credit Card reward points redemption procedure is quite simple and straightforward.
Let us discuss how to Redeem SBI Credit Card Reward Points efficiently:
Redeem your points through the website:
All banks provide different redemption procedures, but with SBI Cards you can directly redeem your SBI Credit Card reward points from the official website by following the below-mentioned steps:
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- Go to the official website of SBI
- Go to Rewards → Redeem Rewards
- Look through the Rewards Catalogue and select an item that appeals to you for redeeming your points.
- Select ‘Redeem Now’ and enjoy your savings.
Redeem your points with the Mobile Application:
You can also redeem your reward points with the SBI Mobile Application by following the below-mentioned steps:
- Go to the app store and install the SBI Card Mobile Application.
- Go to Options → Rewards → Redeem Rewards
- Browse through the list of options available for the redemption of rewards.
- Select the reward redemption offer suitable for you.
- Click on ‘Redeem Now’ and enjoy your rewards.
Redeem your points with Cash:
If you wish to redeem your SBI Reward points into cash, you can follow the below-mentioned steps:
- Drop your redemption request at their official website.
- Mail your choice directly to the concerned department at the bank.
- Call their helpline number.
Select Reward Point type:
Before knowing about the platforms on which you can redeem your credit points, it is imperative to understand in which form you want to redeem your SBI Reward points. The available types to redeem your reward points are as follows:
- Cashback rewards
- Gift vouchers
- Discount coupons
- Air miles, etc.
Select Reward Redemption Category:
You may use the SBI website to convert your reward points received on SBI credit cards into a variety of categorical benefits. Understanding your categorical options is very important before moving forward with redeeming your points as it will help you in aligning your redemption choices with your spending habits. The categories available are:
- Accessories
- Apparel & Superstore
- Books & Periodicals
- Electronics
- Elite Book of Rewards
- Entertainment & Dining
- e-Voucher
- Health & Fitness
- Homeware
- Kids Zone
- Lifestyle
- Luxury
- Memberships
- Travel & Holiday
At the last, It is strongly recommended for you to go through the reward redemption terms and conditions of the credit card that you are using because every credit card has different redemption options and ways. Since reward points come with an expiry date you need to redeem them in that given time frame only because after that your reward points will get expire and won’t be of no use. Keep yourself up to date with the reward’s expiry date.
Additional Reading – How to use a credit card responsibly – 7 Tips
