The Central SBI Select+ Card comes with a plethora of benefits and rewards and can be used for daily as well as luxury purchases as well. The Central SBI Select+ card comes with a lot of benefits and perks that makes your shopping experience even more interesting and joyful.
Features of Central SBI Select+ Card
The Central SBI Select+ card not only makes one’s shopping experience exciting but it also makes the entire process of payment easy and convenient. Listed below are a few features of the card:
Convenient method of payment:
Cardholders can make their daily purchases including grocery shopping and other similar retail expenditure using this card.
Cardholders can just 'Wave and Go' without having to let go of the card from their hand. This convenient and fast method of payment is one of the most significant features of the card.
In case of a contactless transaction, the card doesn't leave the cardholder's hand. Hence, it reduces the risk of card duplication, loss, or any other kind of fraud.
Even if the card is waved multiple times at the billing counter, the unique security key feature of Visa payWave will make sure that only a single transaction goes by.
Any time cash withdrawal:
Cardholders can withdraw cash any time they want using the Central SBI Select+ card from more than 1 million Visa ATMs across the globe.
Easy payment of bills with zero charges:
Cardholders can use the Central SBI Select+ card to pay their telephone, electricity, insurance, and other such utility bills.
They can use the Easy Bill Pay feature on their card and they would never miss any date of their payment.
Cardholders can use the SBI Card Auto Bill Pay to make the most of their card.
Cardholders can use this feature to convert their transactions on the Central SBI Select+ card into easy monthly instalments.
Easy Money Feature:
Using this facility, cardholders can receive a cheque or a draft against their cash limit and get it delivered at their doorstep.
Cardholders can transfer their outstanding balance from their credit card from other banks to their Central SBI Select+ card and pay a lower rate of interest. They can also make the payment in easy EMIs.
Accepted across the world:
Cardholders can use their Central SBI Select+ card in more than 24 million Visa outlets across the globe and at over 3,20,000 outlets in the country.
Sharing financial freedom with family:
Cardholders can apply for supplementary or add-on credit cards for their parents, spouse, siblings, and children who are above the age of 18 years.
Emergency and easy card replacement:
In case of loss or damage of card, cardholders can call the 24*7 helpline for emergency replacement of card even when they are travelling overseas. The card can be replaced in any part of the world.
Cardholders of Central SBI Select+ card can opt for the e-statement facility using which they can access their credit card statement any where and any time.
Easy process to locate SBI card drop box:
Cardholders can locate their nearest SBI card drop box easily using the following steps:
Type 'PIN' space with their 6-digit area pincode.
By sending the SMS to 56767.
They will receive a list of drop boxes in their area.
Benefits of Central SBI Select Plus Card
Joining and Complimentary Benefits
On joining, the cardholder gets a Central e-gift voucher worth Rs.3000.
Cardholders can bag complimentary m-coupons worth Rs.500 each for the initial 3 months.
Accelerated Select Points
Cardholders can earn 20 Select points for every Rs.100 that they spend at any Central outlet.
Cardholders can earn 10 Select points for every Rs.100 that they spend on movies and dining.
Cardholders can earn 2 Select point for every Rs.100 on any other retail purchases (except fuel).
Renewal and Milestone Select Points
On spending 6 lakhs or more annually on the Central SBI Select+ Card, cardholders can earn Milestone Select points worth Rs.4,000.
On spending Rs.1,50,000 or more on the Central SBI Select+ Card annually, cardholders can earn 6000 Milestone Select points.
On spending Rs.3,00,000 or more on the card, cardholders can earn 10000 Milestone Select points.
On spending 6,00,000 or more on the card, cardholders can earn 16,000 Milestone Select points.
On renewing the Central SBI Select+ card, cardholders can earn 12,000 Select points worth Rs.3,000 after paying the renewal fee and on spending Rs.1,25,000 annually using the card.
Cardholders can redeem their accumulated Select points at any Central store across the country.
Cardholders don't need any minimum limit of Select points to avail instant redemption.
Cardholders can use Select points to pay for their shopping.
Listed below are the various fees and charges that are levied on Central SBI Select+ card:
Fees and Charges
One-time annual fee
Rs.2,999 plus taxes
Renewal fee per annum
Supplementary card fee per annum
Interest-free credit period
25-50 days. This period is applicable only on spends on retail, and if last month's balance has been paid in full.
Up to 3.35% per month, amounting to 40.2% per annum, from the transaction date.
Minimum amount due
5% of the total outstanding amount. (A minimum of Rs.200 + EMI+OVL amount+ all applicable taxes).
Cash advance limit
Up to 80% of the total credit limit, maximum Rs.15,000 per day.
Free credit period
Up to 3.35% per month amounting to 40.2% per annum from the transaction date.
Cash advance fee
From SBI or other ATMs: 2.5% of the amount withdrawn, subject to a minimum of Rs.300
From ATMs abroad: 3% of the amount withdrawn, subject to a minimum of Rs.300
Payment dishonour fee
2% of the outstanding payment, subject to a minimum of Rs.500.
Statement retrieval fee
Rs.100 per statement (more than 2-month-old)
Late payment fee
NIL if the total amount due is from Rs.0 to Rs.500.
Rs.400 if the total amount due is greater than Rs.500 and up to Rs.1,000.
Rs.750 if the total amount due is greater than Rs.1,000 and up to Rs.10,000.
Rs.950 if the total amount due is greater than Rs.10,000 and up to Rs.25,000.
Rs.1,100 if the total amount due is greater than Rs.25,000 and up to Rs.50,000.
Rs.1,300 if the total amount due is greater than Rs.50,000.
2.5% of the amount that has crossed the credit limit subject to a minimum of Rs.500.
Card replacement fee
Emergency card replacement fee in case the cardholder is abroad
Foreign currency transaction fee
3.5% (Conversion mark up)
Rewards redemption fee
Up to Rs.99
Cash payment fee
Up to Rs.100
Surcharge on railway tickets over the counter
Rs.30 plus 2.5% transaction amount
Surcharge on railway tickets through irctc.co.in
1.8% of the transaction amount + GST
How to apply for Central SBI Select+ card?
Individuals interested in getting a Central SBI Select+ card can apply for this card online as well as offline. Here’s how they can do it:
Applicants can walk into their nearest branch of State Bank of India and can ask for an application form. After filling up the form, they can attach the necessary documents and identity proofs and submit the form at the branch itself.
Applicants can call the SBI card helpline number 1860-180-1290 or dial 3902-0202 (with the STD code of their area) and ask the SBI credit card customer care executive to put them in touch with the credit card department.
Applicants can go to the official website of SBI credit cards, www.sbicards.com and click on Central SBI Select+ from the credit cards listed on the site. They can click on the ‘Apply’ section and follow the instructions.
Eligibility Criteria for Central SBI Select+ Card
The eligibility for getting a Central SBI Select+ card is decided on the basis of the applicant's annual income, employment, and other such factors. Listed below are the minimum and maximum age criteria:
Documentation Required for Central SBI Select+ Card
Listed below are the documents that an applicant needs to submit in order to procure a Central SBI Select+ card:
Copies of Aadhaar card
Copies of any one of the following proof of identity:
Copies of any of the following proof of address:
Central SBI Select+ Card FAQs
How many days does it take for the credit card to be dispatched to my address?
Once your application is checked and approved, it can take up to 14 working days for the credit card to reach your registered address.
What can I do if my Central Bank Select Plus Credit Card is stolen?
If your Central Bank Select Plus Credit Card is stolen or lost, it is advised that you contact the customer care of the bank and request to block your credit card to prevent any fraudulent transactions. Once your card is blocked, a new one will be sent to your registered address.
What is the rate of interest charged on the Central Bank Select Plus Credit Card?
An interest rate of up to 3.35% is charged on the Central Bank Select Plus Credit Card per month.
Can I apply for the Central Bank Select Plus Credit Card online and offline?
Yes, you can apply for the Central Bank Select Plus Credit Card online through the official website of Central Bank of India. You can also visit the bank branch to apply for the card offline.
Can I apply for the Central Bank Select Plus Credit Card again if my application was rejected for the first time?
Yes, you can apply for the Central Bank Select Plus Credit Card again despite your application getting rejected for the first time. However, you must ensure that all the documents are submitted and you have a healthy credit score.
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