Spar SBI Card

Some of the prominent features of SPAR SBI Card are as follows:

Welcome Benefits: You can earn below welcome benefits:

• 2,000 bonus reward points worth Rs. 500 on the payment of annual fee
• Rs. 100 cashback on first ATM withdrawal if the transaction is done within the first 30 days of card acceptance

Reward Program: Earn rewards as per the below details:

• 5 reward points on every Rs. 100 spent at dining, movies, or landmark stores, including Spar, Max, Lifestyle and Home Centre
• 1 reward point per Rs. 100 spent on other retail purchases (non-fuel)
• 4 reward points = Rs. 1

Suggested read: 5 Best Rewards Credit Cards

Milestone Benefits:  Up to 16,000 reward points worth Rs. 4,000 under milestone benefits. The points and threshold amount are mentioned below:

Minimum Amount	Reward Points Earned
Rs. 20,000	1,000
Rs. 45,000	2,000
Rs. 95,000	5,000
Rs. 2 lakh	8,000

Fuel Surcharge Waiver: 1% fuel surcharge waiver (max. Rs. 100 per statement cycle) on transactions between Rs. 500 to Rs. 3,000.

Renewal Benefit: 2,000 reward points worth Rs. 500 on the payment of renewal fee.

Reward Redemption: SBI reward points can be converted into Landmark Points at a rate of 1 LMR = Rs. 0.60.

Some of the other benefits that customers can get via SPAR SBI Card are mentioned below:

Cash On the Go: Cardholders can withdraw cash from over 1 million ATMs worldwide.

Flexipay: Ability to convert large payments into EMIs. The amount must be Rs. 2,500 or more.

Balance Transfer: Outstanding amount on another credit card can be transferred to Spar SBI Card and paid off using EMIs.

Easy Money: Get a cheque or draft issued against the cash limit of the SPAR SBI Card.

Spar SBI Card
Good For: People who shop at landmark stores People who shop at Spar People who want a basic shopping credit card	Bad For: People who are looking for free movie tickets People who are looking for lots of dining offers People who want lounge access as they travel frequently

Below mentioned are the fees and charges associated with this credit card:

Fee/Charge	Amount/Rate
Joining Fee	Rs. 499
Renewal Fee	Rs. 499
Finance Charges	3.50% per month (42% per annum)
Late Payment Fee	For Statement Balance Less than Rs. 500 – Nil Rs. 500 up to Rs. 1,000 – Rs. 400 Rs. 1,000 up to Rs. 10,000 – Rs. 750 Rs. 10,000 up to Rs. 25,000 – Rs. 950 Rs. 25,000 up to Rs. 50,000 – Rs. 1,100 Amount over Rs. 50,000 – Rs. 1,300

To apply for SPAR SBI Card, customers must have a good credit score or are employed at a reputable company. Customer’s age must be between 21 to 65 years. Income requirements will be told by a representative from SBI Card when customer shares basic information at the time of screening.

Documents Required

Customers must submit proof of identity, income and address with SBI Card in order to apply for Spar SBI Card. The list of documents required are mentioned below:

Proof of Identity	PAN Card, Aadhaar Card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI
Proof of Address	Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement
Proof of Income	Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

What is Spar SBI Card?
Spar is a multi-national company that manages independently owned retail stores across the world. Spar in association with SBI Card has launched 3 cards namely; Spar SBI Card SELECT, Spar SBI Card and Spar SBI Card PRIME. These cards can be used to earn accelerated reward points at various landmark stores like SPAR, Max, Lifestyle and Home Centre.

How can I activate Spar SBI Card?
You can activate your Spar SBI card by visiting SBI Card’s website. Alternatively, you can send an email to SBI Card requesting the activation of your credit card.

How can I check my Spar SBI credit card dispatch status?
You can track your Spar SBI Card via SBI net banking portal. Alternatively, you can call on the SBI Card helpline number on 1860 180 1290 / 1800 180 1290 to check the status.

How long will it take to receive my welcome benefits?
The welcome reward points will be credited within 30 days of annual fee payment. The ATM withdrawal cashback of Rs. 100 will be credited as soon as possible.