- The SBI Card allows you to exchange your Reward Points for money.
- You may call the toll-free number 1800 180 1290 or (prefix local STD code) 39 02 02 02 to request the conversion of your points into cash.
- You may also send a letter by going to https://www.sbicard.com/en/webform
How To Redeem SBI Reward Points Into Cash
Is it possible to exchange my reward points for currency? A few banks allow you to trade your reward points for cash. The sum has been converted into money and will be debited from your credit card account. You can use the money in this way to pay bills.
What is the value of one Reward Point? One Reward Point is worth INR 25. Thus, purchasing 1000 Reward Points gets you a product valued at Rs. 250.
What is the value of 50,000 American Express points? When you utilize them in the Amex Travel portal, 50,000 American Express Membership Rewards points are worth at least $500. Consider transferring them to an Amex hotel and airline partner if you’re looking for greater value.
SBI Rewardz Customer ID Enter your SBI Rewardz Customer ID. Enter the one-time password (OTP) that you received on your registered mobile phone number. Check your personal information and start redeeming.
The simplest way to figure out how much value you’ll get from your credit card points is to divide the money value of the reward by the amount of points necessary to exchange it. For example, if a ticket costing $650 requires 50,000 points to acquire, your points are worth approximately 1.3 cents each.