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