SBI Advantage Platinum Credit Card

There are several advantages of choosing an SBI Advantage Platinum Credit Card such as:

• A welcome voucher worth ₹ 3,000 from brands like Bata, Hush Puppies, Marks and Spencer, Shoppers Stop and Westside.
• Get 5X reward points on any spending towards grocery and dining.
• For all other categories, you earn 2 reward points for every ₹ 100 that you spend. These reward points can be redeemed against several products in the catalogue provided with the card.
• Easy bill pay option allows you to pay all your electricity, telephone, insurance and other utility bills ensuring that you do not miss any due dates.
• 1% fuel charge is waived off on all transactions between ₹ 500 – ₹ 4,000 subject to a maximum waiver of ₹ 250.
• You can convert all your transactions into monthly instalments using the Flexipay option on transactions that are above ₹ 2,500. The low-interest rates on these EMIs allow easy payments.
• You can make cash withdrawals at all ATMs, giving you the advantage of cash on the go. You get a cash advance of up to 80% of your credit limit, subject to a maximum withdrawal of ₹ 15,000 each day.
• Get complimentary membership to a Priority Pass Program worth $99 along with complimentary airport access to the Visa Access Program at major domestic airports.
• Any balance on another card can be transferred to your SBI Advantage Platinum Card for easy EMI payments with a low rate of interest.
• Get rewarded on your purchases of ₹ 2 Lakhs each year in the form of gift vouchers worth ₹ 3,000 with top lifestyle brands.

Also Read: Popular Credit Cards in India

When you apply for any card, knowing the charges and fees applicable will help you plan your budget accordingly. There are standard fees and charges applicable on your SBI Advantage Platinum Card, such as:

• Annual Fee (One Time) – ₹ 2,999
• Renewal Fee (Per Annum from second year onwards)- ₹ 2,999
• Add on Fees: NIL
• Interest-free credit period: 25-50 days on retail purchases, provided previous outstanding is paid in full.
• Finance charges: Up to 2.5% each month.
• Minimum Amount Due: 5% of the total amount outstanding
• Cash Advance Fee ( Domestic)- 2.5% of total transaction amount, subject to a minimum of ₹ 300.
• Cash Advance Fee (International)- 3% of the transaction amount, subject to a minimum of ₹ 300.

Eligibility for your SBI Advantage Platinum Card depends upon your employment status and your current income. If you have any fixed deposit account with banks that are associated with the State Bank Group, you are eligible for this credit card facility.

The most important documents required for an SBI Advantage Platinum Card are:

• Identity Proof
• Income Proof
• Address Proof