The Bank of Maharashtra SBI Platinum Card is a co-branded credit card designed to bring you maximum benefits on all your expenditure. Earn rewards when you spend more than Rs. 2 lakhs in a year. The card comes loaded with benefits, but the best feature of this card might just be the cash points you can earn as you spend on dining and departmental stores, and even internationally. These points can be used against your credit card bill, so you will save money as you shop.
Benefits of Bank of Maharashtra SBI Platinum Card:
SBI and Bank of Maharashtra welcome you with an apparel voucher worth up to Rs. 3000.
Earn rewards when you spend on your credit card. If you spend Rs. 4 lakhs or more in a year, you can avail of an apparel voucher worth Rs. 3000 or a full fare one-way domestic flight ticket on Indigo Airlines. SBI retail partners are Raymond's, Lifestyle, Shoppers Stop & Jabong.com.
If you spend more than Rs. 2 lakhs annually, you will receive an apparel voucher worth up to Rs. 3000 upon renewal of your card.
With your Bank of Maharashtra SBI Platinum Card, you can earn cash points that you can convert to payment towards your outstanding balance. Spend on dining, departmental stores and internationally and you will earn 5x cash points on your purchases. You will earn 10 cash points for every Rs. 100 spent in these categories. You can earn up to 40,000 cash points in a year under the 5x program.
Get access to more than 200 golf courses worldwide. Get 30% discount on green fees.
You will receive a complimentary membership to the Elite Priority Pass Program which gives you access to more than 600 lounges in 300 cities around the world. You will also get complimentary access to airport lounges in India and abroad with the VISA Airport Lounge Access Program. Access to lounges carry a usage fee of $27 which will be billed to your credit card.
Features of Bank of Maharashtra SBI Platinum Card:
Withdraw money around the world at over 1 million VISA ATMs including 18,000 ATMs in India. You also get access to over 10,000 SBI ATMs across 100 cities in India.
The card is also accepted internationally at 2 million VISA outlets including 2, 85,000 outlets in India.
Enjoy access to your account from the comfort of your home. Log on to net banking and access password-protected PDF statements. Manage your account online, check your monthly statements and even pay your bill online.
Track your account and stay updated via SMS and email alerts. Know your credit card status, get mini statements, payment confirmations, credit and cash limit updates by subscribing to this facility. Also get special offers through these alerts.
Never worry about postal delays or lost statements with E-statements sent to your email address. View your statement anytime and anywhere.
Fuel surcharge waivers help you save money every time you refuel at any petrol pump in India. Applicable on transactions of Rs. 500 to Rs. 4000.
Pay your utility bills with the Easy Bill Pay Facility which is absolutely free. Sign up for this service and have your bills paid automatically before the due date. You can either set standing instructions or call the SBI Card Helpline to make payments immediately. Earn rewards on these payments.
Activate Flexipay on your credit card to convert any spend into an EMI and choose a plan that suits you best. Get low interest rates as well. Call the SBI Card Helpline within 30 days of your transaction to activate this service.
You can transfer any other card’s outstanding balance to the Bank of Maharashtra SBI Platinum Card and pay it back at lower rates of interest. Avail of transfer plans that suit your needs. If you have a minimum balance of Rs. 5000 or up to 75% of the credit limit available on your card you can avail of this offer
Order bank drafts as you wish by calling the SBI Card Helpline. The amount will billed directly to your card.
Carry forward outstanding balances at low rates of interest. Pay the minimum due and pay the rest as per your convenience.
Book railway tickets online and have them delivered to you.
Get add-on credit cards for your family and share the benefits with them. Add on cards are available for your parents, spouse, siblings and children who are at least 18 years old.
In case you lose your card in India or abroad, SBI and Visa will send you an emergency replacement card. Call the SBI credit card helpline for loss of card in India and the Visa helpline for loss of card abroad.
Important Fees and charges:
Annual fee (per annum)
Add on cards
Interest free period
A zero-interest period is granted for 20-50 days period if the previous month’s outstanding balance is paid in full. Applicable on retail purchases.
Interest charged is up to 3.35% per month (40.2% p.a.) from the date of transaction.
Minimum Amount due
5% of total outstanding balance or a minimum of Rs. 200 + Govt Service Tax +Any other loan EMIs
Up to 80% of the credit limit at 3.35% per month from transaction date. The maximum withdrawal limit per day is:
Gold - Rs. 12000
Platinum/Signature cards - Rs. 15000
Cash Withdrawal fees
For SBI ATMs and other local ATMs, 2.5% of the amount withdrawn or Rs. 300, whichever is higher.
For international ATMs, 3% of the amount withdrawn or Rs. 300, whichever is higher.
2% of the cheque amount or a minimum of Rs. 350 up to a maximum Rs. 500.
Foreign Currency Transaction
3.5% conversion mark up
Cash OTC Fees
Surcharge on Railway tickets purchased at counters
Rs. 30 + 2.5% of the transaction amount
Surcharge on Railway tickets bought on www.irctc.co.in
1.8% of transaction amount + service charge
Rs. 100 per statement over 2 months old.
Rs. 225 per chargeslip
Late payment charges:
Total outstanding balance
Rs. 10000 and above
Bank of Maharashtra SBI Platinum Credit Card FAQs:
When will I receive the welcome gift?
welcome gift of an apparel voucher worth up to Rs. 3000 will be issued to you after you pay the joining fee.
Are there any offers on dining with this card?
Yes, with the Bank of Maharashtra SBI Platinum Card, VISA offers limited period dining deals and discounts. Please check the brochure for the latest deals.
How do I avail of the fuel surcharge waiver?
To avail of the surcharge, present your Bank of Maharashtra SBI Platinum Card at any petrol station to make the payment. A maximum of Rs. 250 can be availed per credit card in a month.
What bank services are available on net banking?
Managing your account online will give you the following benefits:
Get card statements immediately for the last 12 months
You can hotlist lost or stolen cards
Make requests for duplicate credit card statements
View the spends analyser to track your expenses and patterns.
How secure is the Bank of Maharashtra SBI Platinum Card for online transactions?
The Bank of Maharashtra SBI Platinum Card has enhanced security features. Any online transaction is processed via Verified by Visa and MasterCard Secure Code. You can have peace of mind while you transact online.
What do I do if there are fraudulent charges on my credit card?
Any suspicious transactions should be reported to SBI immediately. If you have lost your card, please report it as soon as possible. Your Bank of Maharashtra SBI Platinum Card comes with complimentary credit card Fraud Liability insurance, which provides cover of up to Rs. 1,00,000. Your card is covered for 48 hours prior to your reporting the lost card and 7 days after.
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