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  • Federal Bank SBI Platinum Credit Card

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    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

    Welcome Benefit
    • 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.
    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.
    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.

    Reward Point Benefits on the 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 customer care of the State Bank of India at 39 02 02 02 with your STD code or call at 1860 180 1290.

    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,

    GPO,

    New Delhi 110001.

    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
    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 Nil
    Renewal fee Rs.2,999
    Add-on card fee Nil
    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
    Finance charges 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.
    Fuel surcharge 1% of the fuel purchase amount
    Cheque pickup fee Nil
    Over limit payment 2.5% of the over limit amount subjected to a minimum of Rs.500.
    Statement retrieval Rs.100 per statement
    Emergency card replacement, when abroad Nil
    Foreign currency transaction 3.5%
    Card replacement Rs.100
    Railway ticket fee 1.8% of the transaction cost + GST
    Rewards redemption fee Rs.99
    Cash payment fee Rs.100

    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.
    • The primary applicant must be a citizen of India.

    Documents Required to Apply for the Federal Bank SBI Platinum Credit Card

    The bank requires several documents of the primary applicant during the application procedure. Here are some of the documents which are required for the application procedure:

    • Address Proof
      • Voter ID
      • Passport
      • Aadhaar card
      • Ration Card
    • Proof of Identity
      • Aadhaar card
      • Driving License
      • Passport
    • Proof of Income
      • Salary Slip
      • Form 16
      • IT Returns

    This list of documents is indicative. The bank may ask you to submit any other document during the procedure of application or after depending on the requirements.

    Federal Bank SBI Platinum Credit Card FAQs:

    • 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.

    • 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.

    • Is there a payment criterion 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.

    • 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.

    • 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

    • SBI Cards Credit Card
      "Keep it up"
      0.5 5.0/5 "Blown Away!"
      I have a account is Federal bank since they have a tie up with SBI, they have provided me a Federal SBI gold card and i am using the card for almost 3 years. I can redeem their rewards points for purchase and cash. They have given me a credit limit of Rs. 90000.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 23, 2019
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