SBI Credit Card Rules Change: Now you will not get the same benefits as before! SBI made major changes in credit card rules; Know the details immediately

SBI Credit Card Rules Change: If you have a PhonePe SBI Card Select Black credit card, then the rules are going to change from July 1. Actually, SBI Card has made changes in the reward system of this premium co-branded card. Due to which its benefits have now reduced. Now the reward points that were earned on paying utility bills or online shopping through PhonePe app will not be available from July 15. Now this is going to have a direct impact on your earnings and profits.

Rules are going to change from July 1

If you make any payment through the PhonePe app, like utility bill, mobile recharge or insurance premium, you get 10 reward points on every Rs 100 spent every month. That means its maximum chest every month is 2 thousand reward points. These changes will be made from July 1. But the limit of 2,000 reward points is going to remain the same. It is going to be divided into two parts from July. According to the new rules, now only 500 reward points will be available on insurance payment. The remaining 1500 reward points will be earned.

Online shoppers will suffer losses

At the same time, if you use these cards for online shopping, then its effect will be visible there also. The 5% reward point available on online shopping has now been reduced from Rs 2,000 to Rs 1,000 per month. Now your savings on online shopping will reduce.

Reward points will not be available on these expenses from July 1

• No reward will be given on toll tax or payment made on the bridge.
• Reward points will not be available on purchasing gifts or souvenirs.
• There will be no benefit on purchasing gold, silver or jewellery.
• Reward points will remain closed on education related payments.
• If you pay utility bill or insurance outside PhonePe, you will not get the reward.
• No reward points will be given on UPI payments made outside the PhonePe app.

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These benefits of the card will continue as before

• 1% reward point will continue to be available on other online and offline purchases as before.
• 1% fuel surcharge discount will continue on filling petrol and diesel.
• Domestic airport lounge access will be available 4 times a year without any cost.
• Supplementary (free) Priority Pass membership will continue to be available as before.

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