As a banking institution, SBI or State Bank of India has no equal in the country. The SBI Cards division might be relatively new but slowly and surely, the company has built a reputation for itself in the Indian credit card space. The range of offerings from SBI Cards includes premium credit cards such as SBI Elite Cards, the FBB StyleUp card for shopping enthusiasts, the SBI SimplyCLICK card for avid online shoppers and much more. Here is a look at some of the credit cards you can choose based on the type of expenses you make.
SBI Card Elite for those who like to live it up
It allows you to save up to Rs. 33,000 on annual purchases of Rs. 2 lakhs and offers welcome gifts worth Rs. 5,000 on card activation. The card offers a 2.5% fuel surcharge waiver of up to Rs. 250 every month at petrol pumps across India. You can avail up to 5 times reward points on dining, grocery shopping and departmental and international expenses. Additionally, you will get 2 reward points on spending Rs. 100 using your card (4 reward points equal 1 rupee). You can earn up to 50,000 bonus reward points every year just by using your card.
You will also get 2 movie tickets absolutely free from BookMyShow each month. The card also offers complimentary membership to a Priority Pass programme that provides access to over 600 airport lounges worldwide. You will receive exclusive concierge services as a complimentary benefit along with an exclusive rewards catalogue for points redemption. In case you plan to apply for this credit card, it does feature a Rs. 4,999 joining fee but you get welcome gift vouchers of Rs. 5000 to make up for the expense. Though the annual fee from the second year onwards also stands at Rs. 4,999, using the card in the right way will save you a lot more than your annual payout.
SBI Platinum Card to get rewarded on all your expenses
This rewards card from SBI featuring various rewards on grocery, dining, and cross-border shopping with milestone rewards of up to Rs. 6,000 every year. You can save up to Rs. 18,500 every year when you make spends of Rs. 2 lakhs on with this card in a year. It comes with a welcome gifts worth Rs. 3,000 and you will gain 2 reward points on spends of each spend of Rs. 100. The conversion ratio stands at 4 reward points equal to Rs. 1.
The fuel surcharge waiver is of up to Rs. 250 every month and outstanding amount on the card can be adjusted with reward points balance. You will have complimentary membership of the Priority Pass Programme and get access to leading airport lounges whenever you travel. The credit card allows you to avail multiple benefits with limited monthly payments. It is especially suitable for you if earn a salary of Rs. 50,000 or above. The joining fee for this card is Rs. 2,999 and the same amount is chargeable from 2nd year onwards as renewal fees.
Simply Click Card to maximise online shopping rewards
The annual saving on this card can be up to Rs. 6,000 on expenses of Rs. 2 lakhs and it comes with a gift card worth Rs. 500 redeemable on the Amazon website. You will get 10 times reward points on purchases with exclusive SBI online partner stores. The fuel surcharge waiver is capped at Rs. 100 every month. If you are an online shopping enthusiast, then this card is tailor-made for you, as you get additional 5 times reward points any type of online purchases and online e-vouchers worth Rs. 2,000 on annual online spends on Rs. 1 lakh and Rs. 2 lakhs. Additionally, if your annual spends reach a minimum of Rs. 1 lakhs, then the membership fee is automatically reversed.
Simply Save SBI Card to make shopping even more Fun
Those who plan to apply for this credit card should be aware that it gives you annual saving benefits of Rs. 4,000 on annual spends of Rs. 2 lakhs across multiple expenditure categories. It comes with a welcome gift offer worth Rs. 500. You will receive 10 times the rewards on dining, movie tickets, departmental store spends and grocery shopping. The fuel surcharge waiver is up to Rs. 100 every month and you receive 1 reward point on the every Rs. 100 spent. This card offers you the option to adjust the outstanding card balance in lieu of reward points. If your annual spend is equal or more than Rs. 90,000, then the annual fee will be reversed.
FBB StyleUp Contactless Card to simplify shopping expenses
This co-branded credit card is tailored to the needs of fashion enthusiasts who live by the motto – “shop till you drop”. You will receive a flat 10% discount at all the ‘FBB’ and Big Bazaar stores of Future Retail. The discount is applicable on shopping of various fashion apparel, accessories and also footwear. There is no minimum/maximum transaction limits to avail the FBB store discount. The ‘contactless’ feature of this card allows you to carry out swift and convenient transaction. The transaction is completed just by waving it on a secure card reader connected to the POS machine. It provides annual savings worth Rs. 6,000 and a free ‘FBB’ gift voucher worth Rs. 500 on payment of the joining and annual fees. You can also benefit from the 2.5% value back offer on all dining expenses.
Last but not the least, get 2.5% fuel surcharge waiver on every petrol pump transaction in the range of Rs. 500 and Rs. 3,000.