Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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.
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:
| Joining and Complimentary Benefits |
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| Accelerated Select Points |
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| Renewal and Milestone Select Points |
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| Instant Redemption |
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| Convenient Method of Payment |
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| Contactless |
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| Security |
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| Any time Cash Withdrawal |
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| Easy Bill Payments |
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| Flexipay |
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| Easy Money |
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| Balance Transfer |
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| Worldwide Acceptance |
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| Add-on Cards |
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| Emergency and Easy Card Replacement |
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| E-statements |
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| Easy Process to Locate SBI Card Drop Box |
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Listed below are the various fees and charges that are levied on Central SBI Select+ card:
| Fees and Charges | Amount |
|---|---|
| One-time annual fee | Rs.2,999 plus taxes |
| Renewal fee per annum | Rs.2,999 |
| Supplementary card fee per annum | NIL |
| 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. |
| Finance charges | 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 | NIL |
| Finance charge | Up to 3.35% per month amounting to 40.2% per annum from the transaction date. |
| Cash advance fee | 2.5% or Rs.500 whichever is higher |
| Cheque pickup | Rs.100 |
| 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 |
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| Overlimit charges | 2.5% of the amount that has crossed the credit limit subject to a minimum of Rs.500. |
| Card replacement fee | Rs.100 |
| Emergency card replacement fee in case the cardholder is abroad | NIL |
| 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 |
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:
Offline methods: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:
| Type | Age |
|---|---|
| For salaried applicants | 21 years to 70 years |
| For self-employed applicants | 40 years to 70 years |
| For pensioners | 21 years to 70 years |
Listed below are the documents that an applicant needs to submit in order to procure a Central SBI Select+ card:
Once your application is checked and approved, it can take up to 14 working days for the credit card to reach your registered address.
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.
An interest rate of up to 3.35% is charged on the Central Bank Select Plus Credit Card per month.
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.
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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