Federal Bank SBI Credit Card

Key Highlights of the Federal Bank SBI Credit Card

The Federal Bank and the State Bank of India with their co-branded credit card offers a wide range of benefits which caters to many customers who are looking for to own a credit card for the first time. The Federal Bank SBI credit card offers reward point benefits along with exciting offers along with fuel benefits.

• Get 1 reward point for every Rs.100 spent on your credit card.
• Receive accelerated reward points of 10x for every Rs.100 spent on your grocery and departmental store purchases.
• Fuel surcharge of 1% is waived off on all fuel transactions with the credit card.
• Renewal fee is reversed if you spend more than Rs.1,00,000 in a year.
• Spend Rs.2,000 within the first 2 months and receive 2,000 reward points.

Features and Benefits of the Federal Bank SBI Credit Card

Welcome Benefit

• Get a cashback of Rs.100 on your first ATM cash withdrawal within 30 days from receiving your credit card.

Bonus Benefits

• By spending Rs.2,000 or more within the first 2 months from card issuance, you will receive 2,000 reward points on your card.
• The bonus points will be credited to your card within 2 months from the date of the transaction.

Value Back Benefits

• On your grocery and departmental store purchases, get 2.5% value back on your expenses with up to 10x reward points on every Rs.100 spent.

Reward Point Benefits

• With every Rs.100 spent; you will receive 1 reward point on your card.
• Every 4 reward points equals to Re.1.

Fuel Benefits

• By owning the Federal Bank SBI credit card, for all your fuel transactions, you will not be required to pay the fuel surcharge of 1%.
• This fuel surcharge waiver will be valid on all your transactions ranging between Rs.500 and Rs.3,000 across all petrol pumps in the country.

Renewal Fee Reversal Benefits

• Your renewal fee of Rs.499 will be waived off if your annual spends for the first year exceeds Rs.1 lakh.

Add-on Card

• The members of your family who are above the age of 18 years can avail add-on cards and reap the benefits of this credit card.

Withdraw Money Easily

• You can use the card to withdraw money from over 1 million Visa ATMs across the world.

Pay Your Utility Bills

• You can use the card to pay your utility bills such as your electricity, phone bills, etc.

Book your railway tickets online

• You can use the card to book your railways tickets through the IRCTC website.

Balance Transfer EMI

• You can transfer your outstanding bill on other credit cards to your Federal Bank SBI Credit Card and clear it at a lower interest rate through EMIs.

Easy Money

• In case of money required, you can get a draft or a cheque issued against your cash limit and be delivered to your communication address.

Flexipay

• Avail the Flexipay option where on spending Rs.2,500 and above, you can choose to pay it as EMIs. However, you will have to avail this option within 30 days of making the purchase.

Reward Point Benefits on the Federal Bank SBI Credit Card

• For every Rs.100 spent on your credit card, get 1 reward point.
• 4 reward points equals to Re.1.

How to Redeem Reward Points Earned on your Federal Bank SBI Credit Card

You can redeem your reward points on your Federal Bank SBI credit card through online or offline methods.

Offline Methods

If you wish to redeem your points offline, you can call the SBI 24/7 credit card customer care at 39 02 02 02 with your STD code or 1860 180 1290.

Online Methods

In order to redeem your reward points online, the steps you need to follow are:

• Log in to the website of the State Bank of India.
• Select the 'rewards' option from the menu.
• Choose the products or vouchers you wish to purchase from the list of items on the menu.
• Add the items to your cart.
• Click on submit and your points will be redeemed.

Federal Bank SBI Credit Card Fees and Charges

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 must first register on the IRCTC website, which is free of cost
   • They must 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 Credit 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 govern 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.