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

    Card
    1st Year Fee
    Rewards
    Joining Perks
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    Response Time Within 30 minutes

    Federal Bank SBI Platinum Credit Card

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    Federal Bank SBI Platinum Credit Card Overview:

    An exuberant lifestyle awaits you when you avail a Federal Bank SBI Platinum Credit Card. Offered as co-branded card from State Bank of India and Federal Bank, the bar is set quite high with this card offering exceptional lifestyle privileges to customers. As Platinum members of SBI, users can enjoy access to super luxury airport lounges and discounts at various top retail outlets in India. The Federal Bank SBI Platinum Credit Card is packed with additional features like easy payments, extended credit options, balance transfer, e-statements and much more.

    Benefits of a Federal Bank SBI Platinum Credit Card:

    State Bank of India offer various benefits to Federal Bank SBI Platinum Credit Card holders as given below -

    True Lifestyle:
    • Get 5X rewards points for expenses incurred at departmental stores, dining outlets and international transactions.
    • Earn 10 rewards points for every Rs 100 spent at departmental stores, restaurants and international merchant outlets. Get 2 rewards points for every Rs 100 spent on all other purchases.
    • Rewards points accrued on a Federal Bank SBI Platinum Credit Card can be used to pay outstanding balance or can be redeemed for gifts from SBI’s reward catalogue.
    • Using the True Lifestyle program, customers can also enjoy access to 200 plus golf courses around the globe.
    True Lounge Access:

    As Platinum card holders, SBI provides complimentary membership under the Elite Priority Pass program. Members can enjoy Super Luxury access to over 600 Airport Lounges at 300 cities around the world.

    The Visa Airport Lounge Access Program also offers two complimentary access per quarter to airport lounges in India and abroad with a host of privileges and benefits. The membership to the priority pass program is given free of cost, but for visits to Priority Pass member loungers, SBI charges a usage fee of up to US$27 to the Federal Bank SBI Platinum Credit Card.

    True Value Offers:

    Every transaction done using the Federal Bank SBI Platinum Credit Card rewards customers with exciting gifts and offers. As a welcome gift, State Bank of India gives new customers gift vouchers for a value of Rs 3000.

    For credit card spends of Rs 4 lakhs or Rs 5 lakhs in one year, customers can earn gift vouchers for a value of Rs 3000 or a full-fare one-way domestic flight ticket. The air tickets are offered in partnership with Indigo Airlines.

    As an anniversary gift, State Bank of India gives apparel vouchers for a value of Rs 3000 after renewal. The customer should also have made spends greater than Rs 2 lakhs to avail this offer. SBI has partnered with Raymond's, Shoppers Stop, Lifestyle and Jabong.com to offer apparel vouchers.

    True Rewards:

    Federal Bank SBI Platinum Credit Card holders can earn up to 40,000 rewards points at the rate of 5X within one calendar year.

    Fraud Liability Cover:

    Card holders can get complimentary Fraud Liability insurance of up to Rs. 1, 00,000, with coverage for up to 48 hours prior to reporting of loss of card.

    Features of a Federal Bank SBI Platinum Credit Card:

    Worldwide Cash Access - Federal Bank SBI Platinum Credit Card holders can enjoy access to over 1 million Visa ATMs across the world and over 18, 000 Visa ATMs in India for making cash withdrawals. Customers can also use the wide network of SBI ATMs in India to withdraw cash.

    E-statements - Customers can get password protected PDF credit card statements delivered to their emails. The monthly statements sent will give customers 24/7 access to track their credit card spends.

    SMS Alerts - Card holders can get mini statements, credit card updates, payments confirmations, cash limits and credit limits on their mobile phones using SBI’s SMS Alerts service. This service can be activated by calling the SBI Card Helpline or by visiting the SBI Card portal.

    SBI Card online - Users can make easy online bill payments, check monthly statements, change personal information and locate the nearest SBI ATM using the SBI Card web portal.

    Freedom from Fuel Surcharge - Any fuel transaction done between Rs 500 and Rs 4000 on a Federal Bank SBI Platinum Credit Card is eligible for a fuel surcharge waiver of 2.5% at any petrol bunk across the world. Refuelling can be done with diesel, petrol and other lubricants without any extra transaction fees.

    Easy Bill Payments - Customers can avail the Easy Bill Pay Facility provided by SBI to pay their utility bills like mobile, electricity, telephone and even insurance. With the service being offered free of cost, users can set standing instructions to make payment every month or can contact the SBI Card Helpline to make instant payments.

    Flexipay - High value credit card transactions can be efficiently managed and repaid using the Flexipay facility with offers different plans to make easy monthly installments. This service can be activated by customers by calling the SBI Card Helpline within 30 days of the purchase.

    Balance Transfer - Transfers outstanding balances from other bank credit cards to a Federal Bank SBI Platinum Credit Card at low interest rates. Customers can choose any plan that suits them, by getting in touch with the SBI Card Helpline. For activating this facility, the minimum amount transferred should be Rs 5000 or up to a maximum of 75% of the credit limit available on the Federal Bank SBI Platinum Credit Card, whichever amount is higher. SBI would also charge an additional processing fee, accordingly.

    Easy Money - Federal Bank SBI Platinum Credit Card users can avail a bank draft to get instant funds for personal use through the Easy Money facility. The amount in the draft would be charged directly to the customer’s credit card.

    Credit Facility - Enjoy flexibility of bill payments with the extended credit facility offered by State Bank of India. Customers can choose to pay an amount ranging between the minimum amount due and the total outstanding amount, according to their monthly statements. The remaining balance can be carried forward at low finance charges.

    Railway ticket booking on IRCTC - Registered IRCTC users can use their Federal Bank SBI Platinum Credit Cards to book railway tickets on irctc.co.in via the Visa payment gateway and have them delivered at their doorsteps.

    Worldwide Usage - The host of privileges offered by the Federal Bank SBI Platinum Credit Card can be enjoyed at over two million Visa merchant outlets across the world and 2, 85,000 Visa merchant outlets across India.

    Add-on Cards - Primary card holders can avail add-on cards for their family members like parents, spouse, children and siblings above the age of 18.

    Emergency Card Replacement Services - State Bank of India offers card replacement services for requests placed from any corner of the globe. For getting emergency replacements while travelling, customers need to contact the 24/7 Visa credit card Helpline Toll Free Number. If the customer is India, then the SBI Card Helpline can be contacted.

    Documents required:

    • PAN card
    • Identity proofs (Any one) -
      • Passport
      • Driving License
      • Voter’s ID
      • PAN card
      • UID Aadhar Number

    Eligibility:

    State Bank of India approves cards for individuals who meet the required income eligibility criteria, when they apply for a Federal Bank SBI Platinum Credit Card.

    Fees & Charges:

    Annual Fee Rs 2,999
    Joining Fee Rs 2,999
    Add-on Fee (per annum) Nil
    Extended Credit - Interest Free Credit Period 20 to 50 days (only for retail purchases, if the previous outstanding balance has been paid in full)
    Extended Credit - Minimum Amount Due 5% of the total outstanding amount or a minimum of Rs 200
    Extended Credit - Charges Up to 3.35% for a month
    Free Credit Period Nil
    Cash Advance limit Up to 80% of the set credit limit (Up to 15,000 per day for Platinum Cards)
    Late Payment Charges SBI does not charge any fee for outstanding amounts of up to Rs 200. For amounts above Rs 200, the banks charges late payment fees ranging from Rs 100 to Rs 750, depending on the outstanding amount.
    Cash Advance fee - SBI or other domestic ATMs 2.5% of the withdrawal amount or a minimum of Rs 300/- for one transaction
    Cash Advance fee - International ATMs 3% of the withdrawal amount or a minimum of Rs 300/- for one transaction

    Federal Bank SBI Platinum Credit Card FAQs:

    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 credit card payments.

    3. Is there a payment criteria to be met to avail anniversary gifs from SBI?

      Yes, customers should have made annual spend greater 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, Shopper’s Stop, Raymond’s and Jabong.com 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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    Federal Bank SBI Platinum Credit Card Reviews

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