All About SBI Cards
Credit cards will always be considered that tool which brought a living condition much beyond means available to people in India. These provide the opportunity to make high value purchases and then delay or spread the payment over a period of time.
The state bank of India is one of the largest banks in India. It has a number of offerings in credit cards which are:
SBI Signature Card:
This is a card with joining fee of Rs.4999 and a welcome gift of the same value. It also has an annual fee of Rs.4999/-. If the customer uses the card via swipe action each month then they will become eligible for book my show movie ticket discounts worth Rs.500/- usable at one go. It allows one to withdraw cash from VISA ATMs across the world. If a customer purchases fuel anywhere in India, for Rs.500 to Rs. 4000/- then he will be eligible for waiver of the entire fuel surcharge of 2.5% limited to Rs.250/- per billing cycle.
SBI Signature Contactless Card:
The card offers vouchers from brands like Yatra, Westside and shopper’s stop among others worth Rs.5000/-. The gift voucher code comes to the registered mobile number as a text message. This card also offers book my show movie ticket discounts worth Rs.500/- usable once each month. 10,000 bonus reward points can be earned on spending annually 2 lakhs, 3 lakhs and 4 lakhs via the card. It also enables access to all VISA lounges at airports in India along with very efficient concierge services. Since it is a contactless card, the security is immense. The card does not leave the owner’s hand during the transaction and registers a single transaction even if multiple waves are made on the reader. The only issue is the technology is not available readily.
SBI Platinum Card:
It comes with a joining fee worth Rs.2,999 and an annual fee of the same value. However, there are welcome and an anniversary gift of the same value to counterbalance the same. It offers 5 times the amount spent at on all expenses at groceries, departmental stores, restaurants and international spends as reward points. Twice the amount as reward points are there for other purchases. It also offers free lounge access.
SBI Student Plus Advantage Card:
It offers one reward point for each 100 rupees spent. This card is available only to SBI education loan users. If annual purchases exceed Rs.35000/- then the annual fees is waived off. For transactions between 500-3000 rupees at petrol pumps fuel surcharge of 2.5% waiver can be secured.