The BMB Platinum Credit Card by the State Bank of India is a women credit card curated specially for women and offers a wide range of benefits across different categories. The credit card comes with a host of features in terms of reward points and welcome benefits. The annual fee of the card is Rs.2,999 and comes with an interest rate of 3.35% per month.
|Reward Point Benefits||
|Balance Transfer Benefits||
The limit for the BMB Platinum Credit Card is assigned by the State Bank of India. A number of factors are considered before the limit is assigned such as the credit score of the applicant, the credit utilisation ratio along with the repayment habits of past and current debts.
|Type of Fee||Charge|
|Cash advance limit||Up to 80% of the credit limit|
|Finance charges||Up to 3.35% per month|
|Cash advance fee||2.5% of the transaction amount (subject to a minimum of Rs.300)|
|Minimum amount due||5% of the total outstanding amount (minimum of Rs.300)|
|Late payment fee||If the total amount due is:
|Interest-free credit period||20 – 50 days|
|Overlimit fee||2.5% of the over limit amount subject to a minimum of Rs.500.|
|Card replacement fee||Rs.100|
|Foreign currency mark-up||3.5%|
|Rewards redemption fee||Up to Rs.99|
|Nationality||The applicant must be an Indian citizen.|
|Age||He or she must be at least 18 years old.|
|Employment status||The applicant must be either salaried or self-employed.|
|Credit Score||A good credit score may increase the chances of getting the application approved.|
|Identity Proof||Income Proof||Proof of Address|
|Voter ID||Form 16||Passport|
|Driving License||Salary Slip||Ration Card|
|Aadhaar Card||IT Returns||Voter ID|
No, there is no renewal fee waiver for the credit card. However, the card comes with various spend-based offers which enables you to be eligible for gift vouchers.
Once you have paid the annual fee and requested for the voucher, the details will be sent to your registered mobile number by the bank. You can then redeem the voucher.
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