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  • Federal Bank SBI Credit Card

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    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.
    • Annual fee is revered 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 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.

    Annual Fee Reversal Benefits

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

    Federal Bank SBI Credit Card Limit

    The credit limit on the Federal Bank SBI credit card is given at the discretion of the bank. The State Bank of India conducts a background check of your financial history through your annual income, your credit score, the credit report as well as the repayment habit of past and ongoing debts.

    Latest Offers on the Federal Bank SBI Credit Card

    • Get a discount of 20% with your credit card on your first order from Swiggy.
    • On your services at Lybrate with the Federal Bank SBI Platinum credit card, get a discount of 20%.
    • Get a 10% off on your domestic flight tickets and 20% on domestic hotels on MakeMyTrip with your Federal Bank SBI credit card.

    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 customer care of the SBI at 39 02 02 02 with your STD code or 1860 180 1290.

    You can also redeem your reward points by sending a post to the corporate address of the bank which is:

    P.O. Box 28,


    New Delhi 110001.

    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

    Type of Charge Amount
    Annual fee Rs.499
    Minimum amount due 5% of the total outstanding amount subjected to a minimum of Rs.200
    Free credit period Nil
    Interest-free credit period 20 days - 50 days
    Add-on card fee Nil
    Cash advance limit Up to 80% of the credit limit (maximum up to Rs.12,000 per day)
    Cash advance fee at SBI ATMs or other ATMs 2.5% of the transaction amount subject to a minimum of Rs.300
    Renewal fee Rs.499
    Finance charges 3.35% per month
    Charge slip retrieval Rs.225 per charge slip
    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

    Cash advance fee at international ATMs 3% of the transaction amount subjected to a minimum of Rs.300.
    Payment dishonour fee 2% of the payment amount subjected to a minimum of Rs.350.
    Fuel surcharge 1% of the fuel purchase amount
    Cheque pickup fee Nil
    Statement retrieval Rs.100 per statement
    Over limit payment 2.5% of the over limit amount subjected to a minimum of Rs.500.
    Emergency card replacement, when abroad Nil
    Card replacement Rs.100
    Railway ticket fee 1.8% of the transaction cost + GST
    Foreign currency transaction 3.5%
    Cash payment fee Rs.100
    Rewards redemption fee Rs.99

    Eligibility Criteria of the Federal SBI Credit Card

    When you click on the 'Apply Now' option on SBI's website, you will have to submit your primary details. Once submitted, the bank will check if you are eligible for a credit card.

    The ideal eligibility criteria for the credit card is:

    • The age of the primary applicant must be between 18 and 70 years old
    • The age of the add-on applicant must be above the age of 15 years.
    • The primary applicant must be a citizen of India.

    Documents Required to Apply for the Federal Bank SBI Credit Card

    The bank conducts a thorough check on the applicant and will require several documents of the primary applicant during the application procedure. Here are some of the documents which are required for the application procedure:

    • Proof of Income
      • Form 16
      • Salary Slip
      • IT Returns
    • Address Proof
      • Aadhaar card
      • Voter ID
      • Passport
      • Ration Card
    • Proof of Identity
      • Aadhaar card
      • Passport
      • Driving License

    This list of documents is indicative. The bank can ask you to submit any other documents during the application procedure or after depending on the requirement.

    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.

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