November 7, 2007

SBI Card's 100% Cash Back Offer

SBI Card is soon catching up with its other foreign and Indian counterparts in credit card with its own offers of which some are really, really good. Like this 100% cash back offer from Indiaplaza.com wherein if you purchase anything and everything from Indiaplaza with your SBI Card, you will get the same amount of gift voucher from them free, which can be redeemed from their site for any future purchases. This way they are saying it is 100% cash back offer. This offer is valid from November 1st to December 31st 2007. Even though this looks innovative, but will need to find out how good this offer is in fact. The maximum value of the Gift Voucher can be Rs. 5000. It can be redeemed within 30 days of receipt of the electronic Gift voucher.

I have not tried this offer but with my previous experience in Indiaplaza, whenever they offer a gift voucher for free, they will have some pre-conditions in it like, if you want to redeem any gift voucher, you will need to purchase for a specific amount which will be a hefty higher when you compare it with the gift voucher you get.

When I looked at the terms and conditions of the offer I found out this "The purchase has to be twice the amount of the Gift Voucher to redeem the value of the Gift Voucher." which actually means you are getting 50% cash back practically.

2 comments:

Anonymous said...

May be that cash back worth rs 5000 can only be redeemed after a draw... as the homepage of the site holds an advertisement GET AN ASSURED GIFT WORTH 5000!
i.e.
rs 5000 cash back
or
Jewellery Gift Voucher worth 5000
or
2 domestic return air tickets
or
some 2 days 3 nights holiday package.....

So buddies do enquire before u shop.... Internet now a days is the best place to fool public....
!!

Siva said...

@spacemess, the offer that your mentioning is totally different, that offer was given by indiaplaza alone and the offer i have mentioned above is different. Anyway, it is true that we should be careful in choosing the offers and that's why I am trying to help you out in choosing the right offers by researching it and sometimes trying it out myself before talking about it.