Have you ever wondered if using your SBI debit card could give you more than just convenience? Most people think that rewards programs are only for credit card holders. But did you know that the State Bank of India (SBI) also rewards its debit card users through a special program called SBI Rewardz?
This program is a hidden gem that lets you earn Reward Points every time you make a transaction using your SBI debit card or internet banking services. These points can be redeemed for shopping, recharges, travel bookings, and much more. In this article, we will cover everything you should know about SBI Rewardz—how it works, how to earn and redeem points, and how to maximize your rewards. Whether you’re new to this program or just looking to get more out of it, this guide is for you.
What is SBI Rewardz?
SBI Rewardz is a loyalty program by the State Bank of India that allows customers to earn Reward Points for every eligible transaction. These transactions can be through:
- Debit card usage
- Online and mobile banking
- Bill payments and utility recharges
- Loan services and other banking activities
Unlike credit card reward programs, you don’t need to apply separately. If you’re an SBI account holder, you’re automatically enrolled in the SBI Rewardz program. All you need to do is activate your account on the SBI Rewardz portal or app.
Why is SBI Rewardz Important for You?
SBI Rewardz is designed to reward everyday banking activities. It turns your daily transactions into points, which you can use later for:
- Saving money on bills
- Recharging your mobile/DTH
- Booking travel tickets
- Buying gift vouchers or shopping items
So essentially, it’s a way to save money without doing anything extra. It helps you make the most out of your spending, offering value for what you already do—like paying for groceries or shopping online.
How to Earn SBI Reward Points
You can earn SBI Rewardz Points in several ways. Here’s a breakdown of the most common and easiest methods:
1. Debit Card Transactions
Use your SBI debit card for purchases at:
- Grocery stores
- Shopping malls
- Restaurants
- Online websites (Flipkart, Amazon, etc.)
2. Online Banking & YONO App
You also earn points when you use SBI internet banking or the YONO app to:
- Transfer funds
- Make UPI payments
- Pay credit card bills
- Book services
3. Utility Bill Payments
Earn points for paying bills through SBI’s platforms:
- Electricity
- Gas
- Water
- Mobile postpaid bills
4. Loan and Other Services
SBI may offer bonus points when you:
- Apply for personal/home loans
- Pay EMIs
- Use selected financial services
How Much Are SBI Reward Points Worth?
Each 1 SBI Reward Point = ₹0.25.
So, if you have 1,000 points, it equals ₹250.
You can use these points to pay for things directly or get discounts while shopping online. The value may vary slightly depending on how you choose to redeem them.
How to Redeem SBI Reward Points
Redeeming your points is easy. You can do it either through the SBI Rewardz website or the mobile app. Here’s what you can redeem your points for:
Options for Redemption:
1. Mobile & DTH Recharges
Recharge your phone or TV services instantly using your reward points.
2. Gift Vouchers
Get vouchers for brands like:
- Amazon
- Flipkart
- Swiggy
- Myntra
3. Shopping
Use your points to buy:
- Home appliances
- Electronics
- Fashion
- Accessories
4. Travel Bookings
Book:
- Flight tickets
- Bus services
- Hotel stays
5. Movie Tickets
Redeem points for entertainment using platforms like BookMyShow.
Milestone Rewards: Get Bonus Points
SBI Rewardz offers bonus points if you reach certain spending milestones.
- Spend ₹1 lakh in a year using your debit card
- Earn a bonus of 1,000 Reward Points
- These points are in addition to your regular earnings
This is ideal for people who use their SBI debit card frequently for daily or big purchases.
Earn Extra Points with Partner Sites
You can earn extra Reward Points by shopping through SBI Rewardz partner websites. Here’s how it works:
Multiplier Offers:
- IGP.com – 20X points
- Myntra – 10X points
- Koskii – 5X points
- HappyEasyGo – 5X points
- Go Indigo – 5X points
These offers multiply the points you earn. If you’re buying anyway, why not earn more rewards?
SBI Rewardz Summer Carnival Offer
SBI is currently running a Summer Carnival campaign from 1st June to 30th June 2025.
Highlights:
- Spend ₹2,000 or more on apparel & lifestyle
- Earn 5X Reward Points
- Limit: 600 bonus points per customer
- Points will be credited within 60 days of campaign end
- Valid only for select stores (based on MCC codes)
This is a great way to boost your points during the shopping season.
How to Register for SBI Rewardz
If you’re an SBI customer, follow these steps:
Step-by-Step Registration:
- Visit the official SBI Rewardz website
- Click on “Register”
- Enter your CIF number (check your passbook or SBI internet banking)
- Enter the OTP sent to your registered mobile/email
- Set a password and activate your account
Or simply download the SBI Rewardz mobile app from Google Play Store or Apple App Store.
Tips to Maximize SBI Rewardz
Here are a few ways to get the most out of this program:
- Use your SBI debit card for all purchases
- Pay bills through SBI’s official channels
- Keep track of partner offers for extra points
- Redeem points before they expire (valid for 2 years)
- Register and check your balance regularly
Frequently Asked Questions (FAQs)
Q1. Is SBI Rewardz free to join?
Yes, the program is free and automatic for all SBI customers.
Q2. Where can I find my CIF number?
It’s printed in your SBI passbook or visible in internet banking.
Q3. How long are Reward Points valid?
SBI Reward Points are valid for 24 months from the date they are earned.
Q4. Can I use SBI Reward Points to pay bills?
Yes, you can redeem points to pay for mobile/DTH recharges and other services.
Q5. How do I know how many points I have?
Log in to the SBI Rewardz website or app to view your points balance.
Q6. What if I forget to redeem my points?
Unredeemed points expire after 2 years. Make sure to redeem them in time.
Q7. Can I earn points through UPI?
Currently, UPI transactions made through SBI’s official apps like YONO may be eligible, but not all are rewarded.
Conclusion
SBI Rewardz is a smart way to make your money work harder. Every time you swipe your SBI debit card, use internet banking, or pay bills online, you earn valuable Reward Points. With no extra cost and easy redemption options, it’s a program every SBI customer should take advantage of.
Whether you’re shopping online, recharging your phone, or booking a flight, SBI Rewardz helps you save money and earn while you spend. So don’t miss out—activate your SBI Rewardz account today and start reaping the benefits.
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