Key Highlights of the 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.
Get an online welcome gift voucher worth Rs.3,000 on paying the joining fee of the card.
5x reward points will be given on your grocery and departmental store purchases and international spends.
2 reward points are added to your card for every Rs.100 spent.
Fuel surcharge of 1% is waived off on all transactions.
The renewal fee of Rs.2,999 is reversed if the annual spends exceeds Rs.2 lakhs.
Enjoy access to more than 300 golf courses all around the world.
Complimentary Priority Pass Membership
Features and Benefits of the Federal Bank SBI Platinum credit card
On paying the joining fee, get an e-gift voucher of Rs.3,000.
The gift voucher can be redeemed at the stores of Westside, Bata, Shoppers Stop, etc.
Reward Point Benefits
With every Rs.100 spent, you will receive 1 reward point on your card.
Every 4 reward points equal to Re.1.
Accelerated reward points will be given for all your departmental store, grocery store and international spends.
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.
Annual Fee Reversal Benefits
The annual fee of Rs.2,999 will be waived off if your annual spends for the first year exceeds Rs.2 lakh.
Federal Bank SBI Platinum credit card Limit
The credit limit for your Federal Bank SBI Platinum credit card will be given at the discretion of the bank. The State Bank of India does a background check of your financial history such as checking your annual income, credit score, the credit report as well as the repayment habit of your past and ongoing debts.
Latest Offers on the Federal Bank SBI Platinum credit card
On all services at Lybrate, get a discount of 20% with the Federal Bank SBI Platinum credit card.
Get a flat discount of 25% on all services at Healthians.
Make the most of your credit card with a 30% discount on your purchases made at the online store, OmbreLane.
Get a discount of 20% on your orders made on Swiggy.
On MakeMyTrip, get a 10% off on your domestic flight tickets and 20% on domestic hotels with your Federal Bank SBI Platinum credit card.
Apart from this, you can also redeem your points through post by sending a letter marked to the corporate address of the bank which is:
P.O. Box 28,
New Delhi 110001.
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
Interest-free credit period
20 days - 50 days
Minimum amount due
5% of the total outstanding amount subjected to a minimum of Rs.200
Free credit period
Add-on card fee
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
Charge slip retrieval
Rs.225 per charge slip
3.35% per month
Cash advance fee at international ATMs
3% of the transaction amount subjected to a minimum of Rs.300.
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
Payment dishonour fee
2% of the payment amount subjected to a minimum of Rs.350.
1% of the fuel purchase amount
Cheque pickup fee
Over limit payment
2.5% of the over limit amount subjected to a minimum of Rs.500.
Rs.100 per statement
Emergency card replacement, when abroad
Foreign currency transaction
Railway ticket fee
1.8% of the transaction cost + GST
Rewards redemption fee
Cash payment fee
Eligibility Criteria of the Federal SBI Platinum Credit Card
On clicking the 'Apply Now' option on the website of the State Bank of India, you will be required to submit your primary details. After submission, the bank will check if you are eligible for the credit card.
The eligibility criteria for the credit card is:
The age of the add-on applicant must be above the age of 15 years.
The age of the primary applicant must be between 18 and 70 years.
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