Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Chennai Metro SBI card is a unique product offered by the State Bank of India which serves a dual purpose of a Metro card as well as a credit card. This card comes with an annual fee of Rs.499 and a renewal fee of Rs.499 as well. The interest charged on the card is up to 3.35% per month.
Welcome Benefits
Reward Point Benefits
Annual Fee Benefits
Fuel Benefits
The credit card limit is given by the bank. State Bank of India considers several factors before assigning the credit limit of this card. Some of the factors are the annual income of the primary applicant, the credit score, the credit report, and the repayment habits of any past or ongoing debts.
Reward points on your Chennai Metro SBI credit card can be redeemed through online or offline methods.
Offline Methods
You can call the SBI credit card customer care at 39 02 02 02 with your STD code or 1860 180 1290 if you wish to redeem your reward points through offline methods.
Another way by which you can redeem your reward points is by sending a post to the corporate address of the bank which is:
P.O. Box 28,Online Methods
To redeem reward points online, the steps you need to follow are:
| Type of Charge | Amount |
|---|---|
| Annual fee | Rs.499 (Reversible if annual spends exceed Rs.5 lakh) |
| Free credit period | Nil |
| Cash advance limit | Up to 80% of the credit limit (maximum up to Rs.12,000 per day) |
| Minimum amount due | 5% of the total outstanding amount subjected to a minimum of Rs.200 |
| Joining fee | Rs.499 |
| Charge slip retrieval | Rs.225 per charge slip |
| Interest-free credit period | 20 days – 50 days |
| Add-on card fee | Nil |
| Finance charges | 3.35% per month |
| Cash advance fee at SBI ATMs or other ATMs | 2.5% of the transaction amount subject to a minimum of Rs.500 |
| Over-limit payment | 2.5% of the over-limit amount subjected to a minimum of Rs.500. |
| Late payment charges | For a total amount due between Rs.0 and Rs.200 - Nil Between Rs.200 and Rs.500 - Rs.100 Between Rs.500 and Rs.1,000 - Rs.400 Between Rs.1,000 and Rs.10,000 – Rs.600 Between Rs.10,000 and RS.25,000 – Rs.800 More than Rs.25,000 – Rs.950 |
| Cheque fee | Rs.100 |
| Cash advance fee at international ATMs | 2.5% of the transaction amount subjected to a minimum of Rs.500. |
| Fuel surcharge | 1% of the fuel purchase amount |
| Payment dishonour fee | 2% of the payment amount subjected to a minimum of Rs.450. |
| Cheque pickup fee | Nil |
| Card replacement | Rs.100 |
| Emergency card replacement, when abroad | $175 |
| Foreign currency transaction | 3.5% |
| Statement retrieval | Rs.100 per statement |
| Railway ticket fee | Rs.30 + 2.5% of the transaction cost |
| Cash payment fee | Rs.199 |
| Rewards redemption fee | Rs.99 |
Click the ‘Apply Now’ option on SBI’s website and submit a few primary details which are required. Once done, the bank will check if you are eligible for a credit card and will get in contact with you.
The ideal eligibility criteria for the credit card is:
You will need to submit several documents during the application procedure. Here are some of the documents which are required:
Proof of Identity
Address Proof
Proof of Income
The list of documents mentioned is indicative. The bank can ask you to submit other documents during the application procedure or after depending on the requirement.
The joining fee and the annual fee of the card is Rs.499. The renewal fee of the card can be waived off if you spend more than Rs.1 lakh in the previous year.
The fuel surcharge of 1% will be waived on all your transactions at all fuel stations in the country. However, the purchase amount must range between Rs.500 and Rs.3,000.
The accelerated reward points of 10x will be given on the card on all departmental store purchases, movie, grocery spends, and dining expenses.
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