The limit of this credit card is at the discretion of the State Bank of India. The bank decides the credit limit depending on a number of factors such as the credit score of the applicant, the credit history, and the repayment of past and ongoing debts.
You can redeem your reward points through net banking, phone banking as well as by contacting the SBI credit card customer care.
| Type of charges | Amount |
|---|---|
| Annual fee | Rs.4,999 per annum (from 2nd year onwards) |
| Joining fee | Rs.4,999 |
| Cash withdrawal charges |
2.5% of the transaction amount or Rs.300 per transaction (SBI and domestic ATMs). 3% of the transaction amount or Rs.300 per transaction (International ATMs). |
| Interest rate | Up to 3.35% per month |
| Rewards redemption fee | Rs.99. Nil for redemption on Air India Miles |
| Cash payment fee | Rs.100 |
| Statement Retrieval fee | Rs.100 per statement (more than 2 months old) |
| Late payment fee |
|
| Cheque pickup | Rs.100 |
| Payment dishonour fee | 2% of the payment amount (minimum of Rs.450 |
| Card replacement charge | India - Rs.100 Abroad - Nil. |
| Cheque payment fee | Rs.100 (For cheque payments up to Rs.10,000) |
| Over limit charges | 2.5% of the amount (minimum of Rs.500) |
| Foreign currency transaction fee | 3.5% of the transaction amount |
You can apply for this card from the website of the State of Bank of India. However, you can also apply for the credit card through the BankBazaar website.
You can use the tracking ID under the option of 'Track Application' on the webpage.
Yes, being a chip and pin enabled card, it is a safe credit card that you can use without worrying about security. This feature of the card protects it from counterfeiting and skimming.
For railway tickets through counters, the surcharge is Rs. 30 + 2.5% of the transaction amount. For railway tickets through the Indian Railways website, it’s 1.8% of the transaction amount + service charge.
Yes, whenever you visit any Priority Pass member lounge, a usage fee would be charged on your Air India SBI Signature Card. This charge can be up to $27.
You can enjoy an interest-free credit period of 20 to 50 days on your Air India SBI Signature Card. However, the interest-free period is applicable to retail spends on your credit card only. Moreover, to avail the interest-free period, you need to pay the full amount of the previous month’s outstanding balance.
You get multiple online and offline options for paying the dues on your Air India SBI Signature Card. The online methods include NEFT, Auto Debit facility, Internet Banking, Mobile Banking, Visa Credit Card Pay, National Automated Clearing House, etc.
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