The Platinum credit card by the Oriental Bank of Commerce and the State Bank of India is a co-branded credit card which offers you a wide range of benefits across various categories. Along with airport lounge access, you also receive welcome gifts, rewards on expenditure and much more.
The credit limit of the Oriental Bank of Commerce SBI Platinum credit card is given at the discretion of the bank. The State Bank of India considers a number of factors before assigning the credit limit to the card. Some of these factors include the annual income of the applicant, the credit score, the credit report along with the repayment habit of past and ongoing debts.
How to Redeem Reward Points Earned on your Oriental Bank of Commerce SBI Platinum Credit Card
The reward points on your Platinum credit card can be redeemed online or offline.
If you wish to redeem your points offline, you can call SBI credit card customer care at 1860 180 1290 or call 39 02 02 02 with your STD code.
You can also redeem your reward points by sending postmarked to the bank's address at the following address:
P.O. Box 28,
New Delhi 110001.
The steps which you need to follow to redeem your reward points online:
|Type of Charge||Amount|
|Interest-free credit period||20 days - 50 days|
|Free credit period||Nil|
|Add-on card fee||Nil|
|Minimum amount due||5% of the total outstanding amount subjected to a minimum of Rs.200|
|Finance charges||3.35% per month|
|Cash advance limit||Up to 80% of the credit limit (maximum up to Rs.15,000 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|
|Cash advance fee at international ATMs||3% of the transaction amount subjected to a minimum of Rs.300.|
|Payment dishonour fee||2% of the payment amount subjected to a minimum of Rs.350.|
|Cheque pickup fee||Nil|
|Statement retrieval||Rs.100 per statement|
|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
|Emergency card replacement, when abroad||Nil|
|Cash payment fee||Rs.100|
|Fuel surcharge||1% of the fuel purchase amount|
|Foreign currency transaction||3.5%|
|Over limit payment||2.5% of the over limit amount subjected to a minimum of Rs.500.|
|Rewards redemption fee||Rs.99|
|Railway ticket fee||1.8% of the transaction cost + GST|
When you click on the 'apply' option on the website of the State Bank of India, the bank will determine if you are eligible for this credit card.
The ideal eligibility criteria for the credit card is:
The bank requires several documents during the procedure of the credit card application. Some of the documents which are ideally required for the application procedure are:
The list of documents is indicative. The bank may ask you to furnish other documents during the application procedure or after depending on the requirement.
Applying for the Oriental Bank of Commerce SBI Platinum credit card can be done through online or offline methods.
If you wish to apply for the card offline, you will have to visit the nearest branch of SBI or contact the customer care of the bank.
However, if you wish to apply for a credit card online, you must visit the website of the State Bank of India or you can apply for the card from the BankBazaar website as well.
Yes. The card offers a free credit card fraud liability cover for a sum of up to Rs. 1, 00,000 for any loss on the card for a period of:
Yes, you can shop online using this card wherever Visa/Mastercard is accepted. Your transactions online are highly secure since it is verified by Visa and MasterCard secure code.
There is no fuel surcharge applicable as per the 'Fuel Freedom' feature on the card, if you use this credit card to buy fuel from any fuel station across India and abroad as well for an amount that falls within the range of Rs.500 - Rs.4000.
Yes. The card has up to 50 days interest-free credit period offer which is applicable only if the outstanding amount from retail purchases made in the previous month has been fully repaid.
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