The adage goes that when it rains, it pours. Many major banks, including Axis Bank and others, have been cutting back on rewards for Government payments. Now, SBI Cards is joining them in breaking away from the group of card issuers that reward points for using their credit cards to pay Government related expenses.

SBI Card to discontinue rewards on Government Related Transactions in June 2024

SBI Card issued a notice dated March 1, 2024, advising that Government Related Transactions (MCC 9222: Fines, 9311: Tax Payments, 9399: Government Services–Not Elsewhere Classified, 9402: Postal Services–Government Only) will not be awarded reward points. The following Credit Cards will see the reward points earning ability (on Government transactions) disappear effective June 1, 2024.

1. AURUM
2. SBI Card ELITE
3. SBI Card ELITE Advantage
4. SBI Card Pulse
5. SimplyCLICK SBI Card
6. SimplyCLICK Advantage SBI Card
7. SBI Card PRIME
8. SBI Card PRIME Advantage
9. SBI Card Platinum
10. SBI Card PRIME Pro
11. SBI Card Platinum Advantage
12. Gold SBI Card
13. Gold Classic SBI Card
14. Gold Defense SBI Card
15. Gold & More Employee SBI Card
16. Gold & More Advantage SBI Card
17. Gold & More SBI Card
18. SimplySAVE SBI Card
19. SimplySAVE Employee SBI Card
20. SimplySAVE Advantage SBI Card
21. Gold & More Titanium SBI Card
22. SimplySAVE Pro SBI Card
23. Krishak Unnati SBI Card
24. SimplySAVE Merchant SBI Card
25. SimplySAVE UPI SBI Card
26. SIB SBI Platinum Card
27. SIB SBI SimplySAVE Card
28. KVB SBI Platinum Card
29. KVB SBI Gold & More Card
30. KVB SBI Signature Card
31. Karnataka Bank SBI Platinum Card
32. Karnataka Bank SBI SimplySAVE Card
33. Karnataka Bank SBI Card PRIME
34. Allahabad Bank SBI Card ELITE
35. Allahabad Bank SBI Card PRIME
36. Allahabad Bank SBI SimplySAVE Card
37. City Union Bank SBI Card PRIME
38. City Union Bank SimplySAVE SBI Card
39. Central Bank SBI Card ELITE
40. Central Bank SBI Card PRIME
41. Central Bank SimplySAVE SBI card
42. UCO Bank SBI Card PRIME
43. UCO Bank SimplySAVE SBI Card
44. UCO Bank SBI Card ELITE
45. PSB SBI Card ELITE
46. PSB SBI Card PRIME
47. PSB SBI SimplySAVE

This effectively shuts down the opportunity for those who use SBI Cards to pay their Government expenses. They should now look for a different card to start getting their Government payments on their way.

Bottomline

SBI Cards has become the latest issuer to stop awarding points to customers when they pay their Taxes or other Government spends. Many cards will stop granting rewards on June 1, 2024.

What is your sense of SBI cards following some other major card issuers to shut down rewards for Government Payments?

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