Enter a world, where life is simpler, smarter and a lot more rewarding with the Federal Bank SBI Gold and More credit card. With this card, customers can avail fantastic benefits and features while ensuring that spending becomes simpler while saving simultaneously. In addition to the above, customers can also avail the advantages that come with rewarding offers such as the Shop & Smile Program. Read on to know all about the Gold and More credit card.
One of the foremost banks in the country, Federal Bank is commercial bank in the private sector that has its headquarters in Kochi, Kerala. It was established in the year 1945 in Kochi and has over 1200 branches across the country. A number of products and services are offered as part of its retail banking portfolio such as, credit cards, debit cards and loans.
The benefits and privileges associated with this credit card are as follows -
When customers spend Rs.2000 or more within 2 months (60 days) of receiving their credit card, they will receive 2000 bonus Reward points. These points can be exchanged for a host of wonderful offers and benefits.
Individuals can receive a value back of up to 2.5% as they receive 10 times Reward points for every Rs.100 they spend, at Grocery and departmental stores. Also, on other spends, individuals can earn 1 Reward point for every Rs.100 that they spend and 4 Reward points equal Re.1.
Individuals can enjoy the freedom from paying a fuel surcharge of 2.5% at all petrol pumps, when they use the Federal Bank SBI Gold and More credit card. In order to avail this offer, they will have to spend between Rs.500 to Rs.3000 at any petrol pump in the country.
Individuals can procure a reversal on the annual membership free from the 2nd year of their credit card subscription. In order to avail this offer, they will have to spend over Rs.75,000 from their Federal Bank SBI Gold and More credit card.
The Federal Bank SBI Gold and More credit card comes with a plethora of exciting features, which are listed below -
Every time customers spend Rs.100 on their Federal Bank SBI Gold and More credit card, will earn 1 Reward Point. These points can be used to pay outstanding balance as well as redeemed against a wide range of gifts available in the Rewards Catalogue.
Customers receive Rs.100 cash back on their very first cash withdrawal from the ATM, as long as this is done within a month (30 days) of availing their credit card.
Federal Bank SBI Gold and More credit card is accepted in more than 24 million outlets throughout the world, including over 3 lakh outlets within India itself. This card can also be utilized to make payments at outlets that accept MasterCard or Visa.
Individuals can empower their family with supplementary cards for their spouse, children, parents or siblings, who are above the age of 18. Limits can also be set on these add-on cards so as to prevent overuse of these cards.
Customers can withdraw cash using their Federal Bank SBI Gold and More credit card, from more than 1 million Visa ATMs, throughout the world.
Customers can pay telephone, electricity, mobile and other bills using the Easy Bill Pay facility on their Federal Bank SBI Gold and More Card.
Individuals can book their railway tickets online and also receive it delivered to them. All they’ll have to do is to go to the official website and register and follow the instructions. At the payment gateway, they will have to pay for their ticket by using their Federal Bank SBI Gold and More credit card.
Customers can save money when they pay their dues by transferring the outstanding balance on their other credit cards to their Federal Bank SBI Gold and More credit card. By doing so, they can procure a lower interest rate and pay back in EMIs. Applicants will have to visit SBI’s website to avail this.
Through this facility, applicants get a cheque or draft against their cash limit and receive it on their doorstep.
With this feature, individuals can convert all their transactions into easy installments that can be paid monthly. They will have to shop for Rs.2,500 or more using their Gold and More credit card from Federal Bank and SBI and log on to SBI’s website within a month of the purchase to convert in to Flexipay.
Individuals can locate the SBI card drop box that is closest to them, by following some simple steps. They will have to type ‘PIN’
The eligibility for procuring a Federal Bank SBI Gold and More Credit Card is decided based on the applicant’s income and employment, among other factors.
|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. 75000 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||The interest free period is 20 - 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 GST 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|
|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|
*GST rate of 18% applicable for all financial services effective July 1, 2017
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