Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Federal Bank SBI Platinum Credit Card

    The Platinum credit card by the Federal Bank and the State Bank of India offers a variety of benefits across different categories to the holders. It offers welcome benefits, bonuses, reward point benefits along with fuel benefits as well.

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    Key Highlights of the Federal Bank SBI Platinum Credit Card

    • Get an online welcome gift voucher worth Rs.3,000 on paying the joining fee of the card.
    • 2 reward points are added to your card for every Rs.100 spent.
    • Complimentary Priority Pass Membership worth $99.
    • Get spend rewards on spending Rs.4 lakh and Rs.5 lakh annually.
    • Get access to domestic lounge using your Visa credit card.

    Features and Benefits of Federal Bank SBI Platinum Credit Card

    Welcome Benefit
    • Get a welcome e-gift voucher worth Rs.3,000 on joining.
    Renewal Benefit
    • Get an e-gift voucher of Rs.3,000 on spending Rs.2 lakh or more annually.
    • The gift voucher can be redeemed at partner stores.
    Spending Rewards
    • Get an e-gift voucher of Rs.3,000 on spending Rs.4 lakh and Rs.5 lakh (each) annually.
    • The gift voucher can be redeemed at partner stores.
    Lifestyle Benefits
    • Access to more than 300 golf courses around the world.
    • Enjoy 30% discount on green fee.
    Travel Benefits
    • Get 2 complimentary domestic airport lounge access every quarter in India.
    • Get a complimentary membership to Priority Pass Program worth $99 and access to more than 1,000 international airport lounges.
    Cash withdrawal
    • You can withdraw cash from over 1 million Visa ATMs globally.
    Manage your card online
    • Option to get your monthly statements online.
    • Option to change your address.
    • Subscribe to SMS alerts online.
    Fuel Benefits
    • On all your fuel transactions, the fuel surcharge of 1% will be waived off.
    • This fuel surcharge waiver will be valid on all transactions between Rs.500 and Rs.4,000 across all petrol pumps.
    Pay utility bill
    • Use the credit card to pay your utility bills online.
    • You can assign standing instructions so that the amount can be paid automatically every month with Auto Bill Pay.
    • Use this facility to pay your outstanding bills via easy installments.
    Balance Transfer
    • You can avail the option of transferring your other credit card’s outstanding amount to your Federal Bank SBI Platinum Credit Card and clear it at a lower interest rate.
    Easy money facility
    • Avail this facility when you need money.
    • The draft or cheque will be delivered to your communication address.
    Online railway ticket booking
    • Use the card to book your railways tickets online.
    Global Acceptance
    • The card is accepted at more than 2 million Visa outlets worldwide and over 2.85 lakh outlets in India.
    Add-on cards
    • Members of your family who are over the age of 18 years can avail add-on cards.
    Emergency card replacement
    • Get your card replaced anywhere in the world.

    Reward Point Benefits on Federal Bank SBI Platinum Credit Card

    • Get 2 reward points for every Rs.100 spent on the card.
    • 4 reward points equal to Re.1.
    • Accelerated reward points of 5x given for all departmental store, grocery store and international spends.

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

    Your reward points on the Federal Bank SBI Platinum credit card can be redeemed through online or offline methods.

    Offline Methods

    In order to redeem your points offline, you can either call the SBI credit card customer care at 39 02 02 02 with your STD code or call at 1860 180 1290.

    Online Methods

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

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

    Federal Bank SBI Platinum Credit Card Fees and Charges

    Type of Charge Amount
    Annual fee Rs.2,999 per annum
    Renewal fee Rs.2,999 per annum
    Add-on card fee Nil
    Interest-Free Credit 20 to 50 days
    Period Finance Charges Up to 3.50% per month (42.00% p.a.) from the date of the transaction
    Total Amount Payable Total Amount Due
    Payment Dishonour Fee 2% of payment amount subject to a minimum Rs.350
    Charge slip Retrieval Rs.225 per charge slip
    Foreign Currency Transaction 3.5%
    Rewards Redemption Fee Not Applicable
    Annual Reward Fee Not Applicable
    Annual Priority Pass Fee Nil
    OTC Cash Payment Fees Rs.100 + GST
    Cheque Bounce / Invalid Cheque 2% of Cheque Amount with the minimum of Rs.350 and maximum of Rs.500

    FAQs on Federal Bank SBI Platinum Credit Card

    1. Does State Bank of India charge any fee for emergency card replacements done while travelling outside India?

      No, SBI does not charge any fee for card replacements done, when the customer is abroad.

    2. Can accrued rewards points be used to pay outstanding credit card bills?

      Yes, SBI customers can use their rewards points to make SBI credit card payments.

    3. Is there a payment criterion to be met to avail anniversary gifts from SBI?

      Yes, customers should have made annual spends of more than Rs 2 lakhs to be eligible for an anniversary gift.

    4. Can the apparel vouchers be used at any retail outlet in India?

      No, the vouchers are issued by SBI in collaboration with Lifestyle, Shoppers Stop, Raymond's, etc. and can be redeemed only at these outlets.

    5. What are the privileges offered under the Visa Airport Lounge Access Program?

      Federal Bank SBI Platinum Credit Card holders can enjoy complimentary food and beverages, Wi-Fi, shower facilities, spa services, and massage service while visiting any Visa Airport Lounge.

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