Author
LoansJagat Team
Read Time
8 Min
02 Jun 2025
How to Redeem SBI Reward Points – Step-by-Step Process
Shikhar comes from a middle-class family. He collects the “SBI Credit Card Reward Points” (2000) because he wants to redeem them for online shopping, which is helpful for him.
How Shikhar Uses His Points:
Item | Points Needed | Money Saved |
T-Shirt | 500 | ₹200 |
Headphones | 1,500 | ₹1,000 |
Groceries | 2,000 | ₹1,500 |
With 2,000 points, Shikhar can get:
- A T-shirt (500 pts) + Headphones (1,500 pts) = ₹1,200 saved
- Groceries (2,000 pts) = ₹1,500 saved
Read More – How to Redeem HDFC Reward Points
He chooses wisely to help his family. Reward points make shopping easy and cheap for him!
What are SBI Reward Points?
Using your SBI debit card, credit card, or Yono SBI app to shop can get you extra points at no cost, which are called SBI Reward Points. In the future, you can trade these points in for fun prizes.
Example: Shikhar’s Reward Points
What Shikhar Did | Reward Points Earned | How He Can Use Them |
Bought groceries for ₹2,000 with SBI debit card | 10 points (5 points per ₹1,000) | Redeem for ₹50 cashback or an Amazon voucher |
Paid mobile bill of ₹500 via Yono SBI | 5 points | Get a discount on your next recharge |
Booked flight tickets for ₹10,000 with SBI credit card | 200 points (20 points per ₹1,000) | Redeem for free movie tickets or flight discounts |
Key Points:
- Free points for spending money.
- Save points and redeem later.
- Use for cashback, vouchers, or discounts.
Shikhar collects these points every month and later gets free rewards, just like a loyalty bonus!
How to Earn SBI Reward Points?
SBI Reward Points act as little bonuses you earn from using your debit card, credit card, or the Yono SBI app for your purchases. If you spend more, you will receive more points.
Example: How Shikhar Earns Reward Points
What Shikhar Did | How Points Work | Points Earned |
Swiped SBI debit card at supermarket (₹3,000) | 5 points per ₹1,000 spent | 15 points |
Paid electricity bill via Yono SBI (₹1,500) | 1 point per ₹100 spent | 15 points |
Booked movie tickets with SBI credit card (₹800) | 4 points per ₹100 spent | 32 points |
Fuel purchase using SBI debit card (₹2,000) | 0 points per ₹1,000 (on select cards) | 20 points |
Ways to Earn SBI Reward Points:
- Debit Card: Get points on shopping, fuel, and online payments.
- Credit Card: Earn faster (more points per ₹100 spent).
- Yono SBI: Extra points on bill payments, recharges, and investments.
- Special Offers: Bonus points during festivals or promotions.
Shikhar makes sure to cheque what free points or discounts he has accumulated monthly. Keep your spending in cheques, collect points, and get rewarded!
Where Can You Redeem SBI Reward Points?
Using SBI Reward Points, you can choose from a range of useful gifts and benefits. Here are the ways that Shikhar makes use of his points:
Example: Shikhar's Redemption Options
Reward Option | How Shikhar Uses It? | Points Needed |
Cashback | Transfers points as money to his SBI account (₹500 cashback for 2,000 points) | 2,000 points |
Shopping Vouchers | Gets Amazon/Flipkart vouchers to buy books (₹1,000 voucher for 4,000 points) | 4,000 points |
Flight Discounts | Book cheaper flight tickets using points (5,000 points = ₹1,250 off) | 5,000 points |
Mobile Recharge | Pay the phone bill using points (₹100 recharge for 400 points) | 400 points |
Charity Donation | Donates points to help children's education (1,000 points = ₹250 donation) | 1,000 points |
Where to Redeem?
- Yono SBI App (Easiest way).
- SBI Internet Banking.
- SBI Card App (For credit card users).
- SMS (Send REDEEM to 5676791 for debit cards).
Shikhar prefers turning his points into Amazon vouchers or cashback, as he can save by doing so. Store your points, select your bonuses, and enjoy them without cost!
Step-by-Step Guide to Redeem SBI Reward Points
Shikhar had amassed 5,000 reward points on his SBI debit card. He had an easy way to redeem them:
Method 1: Using Yono SBI App (Easiest Way) | Opened the Yono SBI app and logged in with his password.
Clicked on the "Rewards" section from the menu.
Selected "Redeem Points" and saw all available options.
Choose an Amazon voucher (4,000 points = ₹1,000 voucher).
Entered his email and confirmed redemption.
Received voucher code instantly on his registered email.
|
Method 2: Through SMS (For Debit Cards) |
Checked his points balance by sending SMS "BAL" to 5676791.
Sent SMS: REDEEM 7890 4000 (last 4 digits + points) to the same number.
Got confirmation SMS for Amazon voucher redemption.
|
Method 3: Via Internet Banking |
Logged in to SBI internet banking.
Went to the "e-Shopping" section.
Selected "Reward Points" option.
Picked cashback to transfer 2,000 points (₹500) to his account.
|
Important Notes:
- Minimum redemption is usually 500 points.
- Vouchers come instantly, cashback takes 3-5 days.
- Points expire after 2-3 years (check your card type).
Using the app method, Shikhar received his Amazon voucher right away and thought it was the simplest way. Now, he redeems his points every 3 months to avoid letting them go to waste. Here’s a simple guide to using your points for something real!
Also Read - SBI SimplySAVE Credit Card
Best Ways to Use SBI Reward Points
Shikhar had a balance of 8,000 reward points and wanted to find the best offer for using them. After exploring all of his options, he found these to be most successful for him:
1. Convert to Cashback (Most Flexible) | Redeemed 4,000 points = ₹1,000 credited to his bank account. Used this money for groceries and petrol.
Simple process through the Yono app.
|
2. Get Shopping Vouchers (Best Value) |
Took 5,000 points = ₹1,250 Amazon voucher.
Bought the headphones he wanted for 6 months.
The voucher came instantly by email.
|
3. Pay Mobile Bills (Quick Use) |
Used 800 points = ₹200 off his phone bill.
Helpful when he was short on cash.
Done in 2 minutes on the Yono app.
|
4. Book Travel (Good for Big Savings) |
Saved 6,000 points = ₹1,500 off flight tickets.
Used when booking his Goa trip.
Combined with credit card discounts.
|
5. Donate to Charity (Helps Others) |
Gave 2,000 points = ₹500 to the children's education fund.
Felt good while getting tax benefits.
|
What Shikhar Learned:
- Cashback is best when he needs money.
- Vouchers give more value for shopping.
- Using points every year before they expire is smart.
Shikhar examines his points every quarter and makes use of them whenever necessary. Smart redemption gives real benefits!
Conclusion
SBI Reward Points enabled Shikhar to get the rewards he deserves for how he spends his money day to day. Through sensible use of his points, he ended up with ₹1,000 in cash, a ₹1,250 voucher for new headphones from Amazon, and managed to save ₹1,500 on his flight tickets. He understood that the best way to make his points useful is by keeping an eye on them and redeeming them in time.
No matter if you use them for shopping, paying bills, travelling, or helping charity, SBI Reward Points allow you to save a lot from even the smallest spends. Be like Shikhar and make your points advantageous by redeeming them in ways that match your own needs. Remember to use your points, as they will expire if you do not use them.
FAQs
How do I check my SBI reward points balance?
Log in to your Yono SBI app or send an SMS "BAL" to 5676791 from your registered mobile number to see your points.
What are the minimum points needed for redemption?
You need at least 500 reward points to redeem them for cashback, vouchers, or other benefits.
Do SBI reward points expire?
Yes, your points expire after 2-3 years, depending on your card type, so use them before they lapse.
Can I transfer my reward points to someone else?
No, reward points cannot be transferred to another person's account or card.
How long does redemption take?
Shopping vouchers come instantly, while cashback takes 3-5 working days to reflect in your account.
Where can I use these reward points?
You can redeem them for cashback, shopping vouchers, flight discounts, mobile recharges, or charity donations.
Why are my transactions not earning points?
Some payments, like wallet reloads, EMIs, and fuel purchases, may not earn reward points as per bank rules.
How do I redeem points via SMS?
Just send "REDEEM <last 4 digits of card> <points>" to 5676791 from your registered mobile number.
Can I redeem partial points?
Yes, you can redeem any amount as long as you meet the minimum 500 points requirement.
What if my redemption fails?
Check your points balance and try again after some time, or contact SBI customer care for help.
Other Pages - Card Management (ATM, Debit, Credit) | ||
About the Author
LoansJagat Team
‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.
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