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.
| Welcome Benefit |
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| Renewal Benefit |
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| Spending Rewards |
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| Lifestyle Benefits |
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| Travel Benefits |
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| Cash withdrawal |
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| Manage your card online |
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| Fuel Benefits |
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| Pay utility bill |
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| Flexipay |
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| Balance Transfer |
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| Easy money facility |
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| Online railway ticket booking |
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| Global Acceptance |
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| Add-on cards |
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| Emergency card replacement |
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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:
| 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 |
| Revolving | |
| 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 |
No, SBI does not charge any fee for card replacements done, when the customer is abroad.
Yes, SBI customers can use their rewards points to make SBI credit card payments.
Yes, customers should have made annual spends of more than Rs 2 lakhs to be eligible for an anniversary gift.
No, the vouchers are issued by SBI in collaboration with Lifestyle, Shoppers Stop, Raymond's, etc. and can be redeemed only at these outlets.
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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