Federal Bank SBI Credit Card

There is nothing like the joys of a simple life and now experience these benefits and more with the Federal Bank SBI Credit Card. This co-branded credit card is brought to customers exclusively by SBI and Federal Bank, both synonymous with trust and advantages. Enter a world filled with benefits and programs such as the Shop & Smile Program which provides customers with Reward Points that can then be redeemed for some fantastic gifts. The Federal Bank SBI Credit Card is diverse and can be used for a variety of needs such as fuel, shopping and others. In short, this is a card that is a necessity for everyone.

Benefits of the Federal Bank SBI Credit Card:

Reward Points:

Customers using the Federal Bank SBI Credit Card, can earn 1 Reward Point for every Rs. 100 that they spend. These Reward points can then be used for a variety of purposes such as to pay the balance that is outstanding on their credit card or these points can also be used to purchase a wide range of fabulous gifts based on the options given in the Rewards Catalogue. A point to be kept in mind is that this program is not applicable on balance and cash transfers and also fuel transactions.

2.5% Value Back:

Thanks to the accelerated reward points, Federal Bank SBI Credit Cardholders can now receive a Value Back of a maximum 2.5% which is 10 Reward points for every Rs. 100 spent on purchases such as grocery or in the departmental stores.

Fuel Freedom:

Users can now save money on petrol as they do not have pay the 2.5% fuel surcharge each time they use their Federal Bank SBI Credit Card to purchase fuel.

Welcome Offers:

Within 30 days of customers receiving their Federal Bank SBI Credit Cards, if the card is used to withdraw cash, then customers stand to receive a cashback of Rs. 100 on their first ATM withdrawal. Apart from this, Federal Bank SBI Credit Cardholders also receive 2000 Bonus Rewards Points on their very first spend.

Features of the Federal Bank SBI Credit Card:

Acceptance worldwide:

The Federal Bank SBI Credit Card is internationally accepted and can be used worldwide at over 24 million outlets including around 3 lakh outlets within India itself. Customers need to only look for the MasterCard or Visa acceptance sign and then use their cards for payment.

Credit Facility:

Federal Bank SBI Credit Card users can avail the option of flexible payment through their card. The extended credit option allows them to make their payments that are outstanding. Any amount between the minimum due amount and the total amount outstanding can be paid. This is as per the amount given in their Monthly Statement and this unpaid balance can then be pushed forward at very low interest charges.

Add - on Cards:

Providing enhanced power, customers of the Federal Bank SBI Credit Card can now apply for add-on cards for their spouse, children who are above the age of the 18 and their parents. This enables customers to take care of all the needs of their family with some of the best offers that is available on credit cards.

No Surcharge on Fuel:

One of the best benefits of procuring the Federal Bank SBI Credit Card is that customers need to pay fuel surcharge when using their card to purchase lubricants, petrol or diesel at all petrol pumps. To avail this option, Federal Bank SBI Credit Cardholders will have to purchase Rs. 500 - Rs. 3000 worth of fuel during every transaction.

Cash on the go:

Federal Bank SBI Credit Card users have the option of withdrawing cash from over a million ATMs that are affiliated to either MasterCard or Visa all over the world and this also includes 18,000 ATMs within India.

Booking Railway Tickets Online:

Customers can now book their railway tickets online on the IRCTC website through their Federal Bank SBI Credit Card.

Facility for Utility Bill Payment:

Federal Bank SBI Credit Card users can now avail the Easy Bill Pay facility on their card and pay all their utility bills such as telephone, insurance, electricity bill well before the due date.

Peace of Mind:

Security is given utmost priority and Federal Bank SBI Credit Cardholders can be rest assured about the same with regards to their card. The SBI Card Customer Helpline is available 24 hours and the Visa/MasterCard Global Customer Assistance Services are present world over and can be contacted in the case of any emergency.

Transfer of Balance:

Customers can now save money as and when they pay the dues of their credit card. Through their Federal Bank SBI Credit Card they can transfer the outstanding amount from other credit cards to their Federal Bank SBI Credit Cards at very low interest rates.

Flexipay:

Through the option of Flexipay, customers can purchase items of their choice and repay for the same as quick and simple installments monthly. Whichever plan is best suited to their financial requirement can be chosen and procured at low interest rates. Customers would have to place a call to the Helpline within 30 days of their purchase.

Easy Money Facility:

Federal Bank SBI Credit Cardholders, by calling the local SBI Card Customer Helpline can order bank drafts at any given time and the draft amount will be billed to the customer’s Federal Bank SBI Card and this is useful for the payment of many different bills, fees, taxes and others. Further details can be sought by calling the SBI Card Helpline.

E-Statement: Federal Bank SBI credit Card customers can now receive their monthly statements directly to their email allowing them to avoid the hassle of lost or late payments. Customers have access to this 24 hours on all days of the week, globally.

SBI Card Alerts: Information about the credit card status can now be received as an SMS. Customers of the Federal Bank SBI Credit Card can now subscribe to these alerts that include cheque alerts, cash and credit limit alerts, mini statement alerts and payment assistance alerts. To subscribe, customers need to visit the SBI Card website or call their local SBI Card Customer Helpline.

SBI Card Online: Users can now manage their Federal Bank SBI Card accounts online. They can check their statements, locate the closest SBI affiliated ATM, request for an address change, pay bills or even win fantastic prizes. To avail this feature, customers need to log onto the SBI card website and utilize these benefits.

Drop Box Locator: Federal Bank SBI Credit cardholders can also find out the location of the closest SBI Card Drop Box through a quick SMS.

Documentation and Eligibility for Federal Bank SBI Credit Card:

Documents Required:

• PAN card
• ID proofs (Anyone) -
• Passport
• UID Aadhaar No.
• Driving License
• Voter’s ID

Eligibility:

The eligibility for procuring a Federal Bank SBI Credit Card is decided based on the applicant’s income and employment, among other factors.

Fees and Charges:

A one-time Joining Fee	Rs. 499. Customers also receive Rs. 500 worth Reward Points which are 2000 in number on their first spend which in turn makes the card free for the first year. Additional terms and conditions apply.
Annual Fee	Rs. 499. If annual purchases amount to more than Rs. 90000 then customers receive a waiver on their annual membership fee for the following year.
Add-on Fee per annum	Nil
Extended credit - Interest Free Period	A period of 20 to 50 days and is applicable on retails spends only if the outstanding balance amount from the previous month is paid completely
Extended credit - Finance Charges	Up to 40.2% per annum or 3.35% per month from the date of transaction
Extended credit - Minimum Amount Due	A minimum of Rs. 200 or 5% of the Total amount outstanding along with Government Service Tax and in case of loans, including EMI
Cash Advance Limit	A maximum of 80% of the credit limit.For Gold Card users, up to Rs. 12000 per day and for Platinum or Signature Card users, up to Rs. 15000.
Cash Advance - Free Credit Period	Nil
Cash Advance - Finance Charges	A maximum of 3.35% per month or 40.2% per annum from the date of transaction.
Cash Advance Fees - State Bank of India ATMs and other Domestic ATMs	Rs. 300 or 2.5% of the amount withdrawn, for each transaction
International ATMs	Rs. 300 or 3% of the the amount withdrawn, for every transaction
Cheque Pickup	Rs. 90
Statement Retrieval	If over 2 months, then Rs. 100 for each statement
Chargeslip Request	For each chargeslip, Rs. 225 is charged
Overlimit	A minimum of Rs. 500 or 2.5% of the overlimit amount
Rewards Redemption Fee	Rs 99
Cheque Pickup	Rs. 90
Cash OTC fee	Rs. 100
Replacing the card	Rs. 100
Surcharge - Railway Ticket at the counter	Rs. 30 plus 2.5% of the transaction amount

Federal Bank SBI Credit Card FAQs:

1. Is there a joining fee charged while procuring the Federal bank SBI Credit Card?

   Yes, there is a one-time joining fee, a maximum of Rs. 499 that is charged. Customers can also receive Rs. 500 worth Reward Points which are 2000 in number on their first spend which in turn makes the card free for the first year. Additional terms and conditions apply.

2. How can customers book a railway ticket online using their Federal Bank SBI Credit Cards?

   Customers can now book their railway tickets online in the following simple steps -

   • Users have to first register on the IRCTC website, which is free of cost
   • They have to log in to their account by providing their username and password
   • After following the instructions given on the website, users can then book the tickets
   • Payment can then be made through the SBI Card via either of the two gateways provided, both of which accept all MasterCards.

   Users should also take note that the IRCTC website’s terms and conditions governs all transactions made through the website.

3. How can users locate the closest SBI Card Drop Box?

   Users need to type in “PIN” followed by a and their 6 digit pin code and send an SMS to SBI, following which they will receive the list of drop boxes in their locality.

4. What is the order of settlement of payment?

   The first is the minimum amount that is due and this includes GST and EMI payable on the loan in addition to 5% of the total outstanding. This is then followed by the fees and other charges, interest charge, outstanding balance transfer, retail outstanding and then finally the cash advance amount.

5. Is there any fee charged on late payment?

   Yes, fee is charged based on the total amount that is due. The table below gives further details.

   Total Amount Due	Fee Charged
   < Rs. 200	Nil
   Rs. 201 - Rs. 500	Rs. 100
   Rs. 501 - Rs. 1000	Rs. 200
   Rs. 1001 - Rs. 10,000	Rs. 500
   > Rs. 10000	Rs. 750