Spar SBI Card Select

The prominent features of Spar SBI Card Select are as follows:

Welcome Benefits: You can earn below welcome benefits:

• 6,000 bonus reward points worth Rs. 1,500 on the payment of annual fee
• Rs. 100 cashback on your first ATM cash withdrawal, if done within 30 days of receiving your card

Reward Program: You can earn reward points as per the below details:

• 10 reward points on every Rs. 100 spent on movies, dining or at a landmark store (Max, SPAR, Home Centre and Lifestyle)
• 2 reward points per Rs. 100 on other retail purchases
• 1 reward point on every Rs. 100 spent
• 4 reward points = Rs. 1

Milestone Benefits: 34,400 reward points worth Rs. 8,600 under milestone benefits. You can earn reward points as per the below details:

Minimum Amount	Earned Reward Points
Rs. 25,000	2,400
Rs. 75,000	8,000
Rs. 1.50 lakh	12,000
Rs. 3.00 lakh	12,000

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

Renewal Benefit: 6,000 reward points worth Rs. 1,500 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.

Suggested read: Top 7 Shopping Credit Cards in India

Some of the other benefits that customers can get from Spar SBI Card Select are as follows:

Cash On the Go: Ability to withdraw cash from over 1 million ATMs around the world.

Flexipay: Pay off large purchases via EMIs at an attractive interest rate. The transaction amount must be over Rs. 2,500 or more.

Balance Transfer: Transfer unpaid balance on other credit cards to Spar SBI Card Select with an attractive interest rate.

Easy Money: Issue a draft or cheque against the cash limit available on the Spar SBI Card Select.

Spar SBI Card Select
Good For: People who shop at landmark stores People who want to earn reward points People who want a mid-range shopping credit card	Bad For: People who are looking for travel offers People who are looking for an apparel shopping credit card People who want fuel benefits on their credit card

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

Fee/Charge	Amount/Rate
Joining Fee	Rs. 1,499
Renewal Fee	Rs. 1,499
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

Click here to check other associated fees and charges.

Applicants whose credit score is good or who work at reputed companies can apply for Spar SBI Card Select Credit Card. Their age must be between 21 to 65 years. The income requirement will be shared when a customer shows interest in the credit card. Additionally, the applicant must meet SBI Card’s internal requirements in order to avail this credit card.

Documents Required

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

Applicants can visit SBI Bank branch or visit SBI Card’s website in order to apply for Spar SBI Card Select. Initially, a representative from SBI Card will get in touch with the customer and make basic inquiries regarding income and place of residence. If everything is up to the mark then the representative will set the date, time and location for document collection. After receiving all the documents, SBI Card will review them and then dispatch the credit card. The card will reach the customer within 7 working days.

Suggested read: Best Shopping Credit Cards in India

What is Spar SBI Card Select?
Spar in association with SBI Card has launched three credit cards namely; Spar SBI Card SELECT, Spar SBI Card and Spar SBI Card Prime. These cards are designed for the loyal customers of landmark stores, including Lifestyle, Home Centre, Max and Spar. Customers earn accelerated reward points when shopping at these stores among other benefits.

How long does it take to process Spar SBI Card Select’s application?
Customers who have applied for a Spar SBI Card Select may have to wait up to 21 days to know whether their application was approved or canceled.

I do not have any other credit cards can I still apply for a Spar SBI Select card?
Yes, you can apply for Spar SBI Select SBI Card. However, SBI Card will seek a hard report on the customer’s credit score as well as other credit relationships with banks.

How long will it take to receive my welcome benefits?
The reward points that are given as a welcome gift will be credited within 30 days of the annual fee payment.