Important Update: SBI Virtual Debit Card Devaluation Effective June 5, 2025
As per the SBI Rewardz Website, effective June 5, 2025, all transactions made with SBI Virtual Debit Cards (VDC) will accrue reward points as per standard Debit Card accrual rules. This change significantly devalues the rewards earned on VDC transactions.
What This Means for You:
- VDC transactions will now earn a normal base reward of 0.25% on every ₹200 spent.
- An additional 0.25% milestone reward (1000 points) will be earned for every ₹1 lakh spent, totaling 0.50% rewards.
Recommended Action: Consider SBI Virtual RuPay Debit Card
For those seeking alternatives or higher transaction limits, consider applying for an SBI Virtual RuPay Debit Card, which is currently lifetime free. Alternatively, a Physical RuPay Platinum/Select Debit Card offers higher transaction limits.
Why RuPay? Seamless Credit Card Bill Payments:
RuPay debit cards offer the advantage of paying credit card bills across various platforms without additional charges. This includes:
- PhonePe App
- Paytm App
- Freecharge App
- PayZapp
- Zavo App
- BillDesk Website (supports Amex, SCB, Axis, SBI Card, SBM Bank, Yes Bank CCs)
You will also continue to earn reward points on these transactions.
Relevant BillDesk Link for RuPay Payments (example):
- Various Banks Supported: https://www.billdesk.com/pgidsk/pgmerc/amexcard/amex_card.jsp