Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The IRCTC Rupay card launched in collaboration with the State Bank of India is a travel credit card which is specially curated for the regular travellers by railways. This credit card offers a wide range of benefits under the category of travel in terms of accelerated points and also benefits under other categories such as fuel surcharge and lounge benefits. The card comes with an annual fee of Rs.500 and an interest rate of 3.50% per month.
| Welcome Benefits |
|
| Reward and ValueBack Benefits |
|
| Travel Benefits | 1% transaction charges on IRCTC bookings will be waivered. |
| Lounge Benefits | 4 complimentary railway lounge access in a year. You can get 1 visit every quarter. |
| Fuel Surcharge Benefits |
|
The credit limit of the IRCTC Rupay SBI card will be assigned at the discretion of the bank. The State Bank of India will be considering several factors before the credit limit is assigned such as the credit score of the primary applicant, the credit report, the credit utilisation ratio along with the repayment habits of past and ongoing debts.
| Type of Fee | Amount |
|---|---|
| Annual Fee | Rs.500 |
| Renewal Fee | Rs.500 |
| Finance Charges | Up to 3.35% monthly |
| Add-On card fee | Nil |
| Cash advance fee |
|
| Finance Charges | 3.50% per month or 42% per annum |
| Payment dishonor fee | 2% of the payment amount; minimum of Rs.450 |
| Statement request | Rs.100 per statement (more than 2 months old) |
| Cash payment fee | Rs.250 |
| Late payment |
|
| Cheque payment fee | Rs.100 |
| Over limit fee | 2.5% of the over limit amount; minimum of Rs.600 |
| Rewards redemption fee | Rs.99 |
| Foreign currency transaction | 3.50% |
The eligibility criteria of a credit card are dependent on a range of factors. Check out the primary eligibility criteria for credit cards.
| Employment status | The primary applicant must be either be salaried or self-employed with a steady source of income. |
| Nationality | He or she must be a citizen of India or a non-resident Indian. |
| Age | The applicant must be least 18 years old. |
| Credit Score | A good CIBIL score is a major factor in getting the card application approved. |
| Income | The applicant must be a salaried employee or self-employed with a steady source of income. |
| Income Proof | Identity Proof | Proof of Address |
|---|---|---|
| Form 16 | Aadhaar Card | Ration Card |
| IT Returns | Voter ID | Voter ID |
| Salary Slips | Driving Licence | Passport |
| - | - | Aadhaar Card |
The documents mentioned above can change depending on the bank. Some banks may ask for additional documents depending on the requirement.
Yes, the credit card is contactless and can be waivered over the card reader to record a transaction.
No, there is no waiver for the renewal fee. The renewal fee of the card is Rs.300.
Yes, you have to pay an over limit fee of 2.5%.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
