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Oriental Bank of Commerce Credit Card Reward Points

When you use your credit card, you will be entitled to earning reward points. Reward points can be earned by using your credit card for your purchases. As there are more and more purchases that you make on your card, reward points keep adding up and later you can redeem them for merchandise or for e-vouchers. Oriental Bank of Commerce has associations with State Bank of India and have co- branded cards called Oriental Bank of Commerce SBI Cards.

Oriental Bank of Commerce SBI Cards are of two types: Oriental Bank of Commerce SBI Platinum Card and Oriental Bank of Commerce SBI Gold and More Card. You get a wide range of world class products and services through these credit cards and you can also get reward points whenever you shop.

Oriental Bank of Commerce – SBI Gold and More Card Reward Points

Oriental Bank of Commerce - SBI Gold and More Card enables the cardholder to save smart, live smart and get the power of reward points. There are powerful features and a Shop and Smile program that rewards you with reward points which can be redeemed against any outstanding balances or for gift and gift vouchers from the reward catalogue.

  1. Whenever you pay Rs. 100 from your credit card, you will earn 1 reward point.
  2. You can get up to 2.5% value back (10 reward points on every Rs. 100 spent) for every purchase you make on departmental and grocery shopping, while using your Oriental Bank of Commerce – SBI Gold and More Card. This can be achieved through accelerated credit points where fuel, cash and balance transfer transactions are not included under the reward point program.
  3. Reward points can be of Normal Category Spends and Accelerated Category spends(10X):
  4. 1. Normal category spends: If Rs.60,000 is being spent then 600 reward points are rewarded.

    Reward points = (60,000/100) = 600, you need to spend Rs. 100 to get 1 reward point.

    2. Accelerated category spends: If 60,000 is being spent then 6000 reward points are rewarded.

    Reward points = 10*(60,000/100) =6000, with ever Rs.100 spent, 1 reward point will be acquired and that will be valued to 10 times of the original value.

  1. 2000 reward points can be earned on spends of Rs. 2000, within 60 days of receiving your Oriental Bank of Commerce - SBI Gold and More Card. This extravaganza offers conversion will be 2000 reward points=Rs. 500 (1st year fee).
  2. You can enjoy a value back of up to 2.5%, as you get 10X Reward points per Rs. 100 spent at all Departmental and grocery stores (4 reward points= Rs. 1)
  3. According to the Reward Accrual Capping Policy, maximum Cap of 5,000 Reward Point/Month – Cumulative 10X reward Points accrued on grocery and departmental store spends for your Oriental Bank of Commerce - SBI Gold and More Card will have a maximum cap of 5,000 reward points per month. After the cap limit of 5000 reward points is achieved, 1 reward point for every Rs. 100 spent, will continue to accrue.

Oriental Bank of Commerce - SBI Platinum Credit Card Reward Points

Oriental Bank of Commerce - SBI Platinum Credit Card is targeted towards customers who are more inclined on leading a luxurious life. This card will provide you with great features and offers that will make spending enjoyable.

  1. You can earn up to 5X reward points, while dining, making international spends or making departmental store purchases.
  2. For every Rs. 100 spent using your Oriental Bank of Commerce - SBI Platinum Credit Card, you earn 2 reward points and you can also use your reward points to pay your outstanding balance.
  3. A maximum of 40,000 cash points can be earned in 5X category and reward points are not applicable for fuel transactions.
  4. There are Bonus Spend Rewards on achieving annual spends of Rs. 4 lakhs and Rs. 5 lakhs.
  5. By achieving annual spends of 4 lakhs and 5 lakhs, you can get e-Gift Vouchers worth Rs. 3000, from anyone of the following brands
  6. 1.BATA/Hush Puppies

    2.Marks and Spencers

    3.Shoppers Stop

    4.Westside

    5.Yatra.com

  1. According to the Reward Accrual Capping Policy, maximum Cap of 7,500 Reward Points/month – Cumulative 5X Reward Points accrued on dining and departmental store spends for your Oriental Bank of Commerce - SBI Platinum Credit Card will have a maximum cap of 7,500 reward points per month. Once the cap limit of 7500 reward points is achieved, 2 reward points for every Rs. 100 spent, will continue to accrue.

How to redeem your Reward Points?

  1. You can login to SBI’s official website to redeem your reward points for selected items from the Shop and Smile rewards catalogue.
  2. There is an SBI Card App that enables you to select rewards from the main menu to redeem your reward points for gifts or vouchers available in the reward catalogue.
  3. An SBI card helpline will be able to resolve your problems and answer your enquiries. The number can be found on the official website.
  4. The reward points acquired can only be redeemed in the multiple of 2,000 points.
  5. There cannot be any exchange of reward points for money or for other cash advances.
  6. You can get 10X reward points on online spends with exclusive partners and 5X reward points on all other online spends.
  7. The gift will be delivered to you within 15 business days from the date of redemption request.
  8. Gift vouchers are delivered between 3 to 10 working days.
  9. You can check your reward point summary by referring your latest credit card statement or by logging into SBI’s official website and going to Dashboard section and at the bottom, the reward point summary and expiring rewards points can be viewed. You can also login to the SBI Card mobile app.
  10. Redemption against cash can be made by writing to SBI’s official email or by calling the helpline.
  11. Charges of redemption fee of Rs. 99 should be paid.
  12. Reward points can be accumulated only for a period of 24 months from the date of accrual under the Shop and Smile rewards program.
  13. You cannot redeem your reward points after the closure of your account.
  14. The order you had placed for your redemption request can be canceled before 4:00 pm on the same day by calling SBI card helpline.
  15. Gift vouchers are valid for 3 months from when they reach you.

How to view the reward catalogue?

Step 1. To view the catalogue, go to SBI’s official website. On the rewards page, you will be asked to select the card you’re using.

Step 2. Then you’ll be asked to select the range between which you would want to redeem your points for.

Step 3. Then you’ll be asked to select your city and the category of items you want to browse through.

Step 4. You also have the option of sorting the items in ascending order or descending order of reward points and there are over 400 items.

Step 5. So, if you order them in ascending order, you would start with vouchers from Pizza Hut, Archies and so on.

Step 6. If you go for a higher number of reward point count, you’ll be able to view items like home speakers and GPS smart watches.

There are many categories from which you can select an item from:

  1. Accessories
  2. Apparel and Superstore
  3. Books and Periodicals
  4. Electronics
  5. Elite Book of Rewards
  6. Entertainment and Dining
  7. e – Voucher
  8. Festive Catalogue
  9. Health and Fitness
  10. Homeware
  11. Kids Zone
  12. Lifestyle
  13. Luxury
  14. Membership
  15. Preferred Partner
  16. Travel and Holiday

You can get E-vouchers from

  1. Pizza Hut
  2. Archies
  3. Pizza Hut
  4. Yatra.com
  5. Costa Coffee
  6. Chaayos
  7. KFC
  8. PVR Cinemas
  9. BookMyShow and many more

Items that can be redeemed from the Reward Catalogue

Product namePointsPoints + Pay
Bose Home Speaker 500 with Alexa Voice Control Built-in220000110000 + Rs. 18700
Bose Bass Module 50017000085000 + Rs. 14600
Bose SoundTouch 20 Wireless Music System14860074300 + Rs.16300
Fitbit Ionic GPS Smart Watch13240066200 + Rs.11300
Baskin Robbins E-Voucher400-
Chaayos e-Voucher Rs. 100500-
Archies E-Voucher Rs. 250950-

FAQs: Oriental Bank of Commerce Credit Card Reward Points

1. Within what time will I get the items redeemed delivered?

E-vouchers will be delivered between 3 - 10 working days Reward catalogue products will be delivered between 15 - 30 business days

2. Can my reward points be transferred from one account to another?

No, you cannot add or transfer reward points from one Oriental Bank of Commerce SBI Card to another.

3. For how long is the gift voucher that I get through redemption of reward points valid?

The gift voucher that you get will be valid for 3 months after which it would expire. The issue date, validity and expiry date will be printed on the gift voucher.

4. Can I redeem my reward points once I close my Oriental Bank of Commerce - SBI Card account?

No, you cannot redeem your reward points once you have closed your card account.

5. Can I pay my outstanding balance using my reward points?

Yes, you can settle your outstanding balance using your reward points. But you can only use your reward points in multiples of 2,000.

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