State Bank of India is one of the leading banks in India that offers great financial services and products. They are designed to meet the changing needs and requirements of the customers. The credit cards offered by the State Bank of India are unique and come with a myriad of benefits and features. The SBI Advantage Plus credit card is specifically designed for shopping and you can enjoy a lot of perks when you use it for making purchases.
There are several benefits of the SBI Advantage Plus credit card. These are as follows:
|Type||Fees and Charges|
|Annual Fee (One Time only)||Rs.500|
|Renewal Fee (per annum basis)||Rs.500|
|Add-on card Fee||Nil|
|Interest Free Credit||Avail interest free credit period for 20 days to 50 days. This is applicable on retail purchases only. Outstanding amount of previous month should be cleared.|
|Finance Charges||Avail finance charges of 2.25% on a monthly basis (27% per annum on all transactions).|
|Minimum amount due||5% of the total outstanding balance (Minimum of Rs.200 along with all the applicable taxes)|
|Limit on Cash Advance||The cash advance can to up to a maximum of 80%, capped at Rs.15,000 per day|
|Free Credit Period||Nil|
|Finance Charges for Cash Advance||Avail finance charges of 2.25% on a monthly basis (27% per annum on all transactions).|
|Cash Advance Fee at SBI ATMs or other bank ATMs||2.5% of the total amount transacted (Subject to minimum amount of Rs.300)|
|Cash Advance Fee at International ATMs||3% of the total amount transacted (Subject to minimum amount of Rs.300)|
|Cheque Pick Up||Rs.90|
|Fee for Payment Dishonor||2% of the total amount transacted (Subject to minimum amount of Rs.350)|
|Retrieval of Statement||Rs.100 for each statement (2 months or more old)|
|Retrieval of Charge Slip||Rs.225 for every slip|
|Late Payment Charges||0 if outstanding balance is less than Rs.200; Rs.100 if outstanding balance is between Rs.200 and Rs.500; Rs.400 if outstanding balance is between Rs.500 and Rs.1,000; Rs.500 if the outstanding balance is between Rs.1,000 and Rs.10,000; Rs.750 if the outstanding balance is above Rs.10,000|
|Card Replacement Fee||Rs.100|
|Emergency card replacement, when overseas||Actual fee along with extra $175|
|Conversion mark-up for Foreign Currency transactions||3.5%|
|Fee for Rewards Redemption||Rs.99|
|Fee for Cash Payment||Rs.100|
|Railway Ticket Surcharge at the counters||Rs.30 along with 2.50% of the total transaction amount|
|Railway Ticket Surcharge via online (IRCTC website)||1.80% of the total transaction amount along with applicable service charge|
Balance Transfer facility can be availed for all the different credit cards offered by various banks in India.
You will be billed for your Flexipay as a part of your monthly statements. The first instalment that you have to pay for availing Flexipay facility will be there on your card statement after you book the particular facility.
No, add-on card holders cannot use the Easy Money Facility. Only the primary cardholder can avail Easy Money.
No, you can avail Balance Transfer facility will only one SBI card that you own.
Encash can be booked by you in two different ways. These are as follows:
Yes, a penalty of 2% of Cheque dishonour amount is charged for a Cheque Bounce.
|Ticket Counters - railway ticket purchase||Rs. 30 + 2.5% of ticket value|
|Railway tickets purchased from IRCTC website||1.8% of transaction amount + service charge|
|Customs duty||2.25% of the amount transacted or a minimum amount of Rs. 75, whichever is higher|
|Fuel surcharge at fuel stations||2.5% of overall value spent|
Minimum amount due includes the following:
5% of Total Outstanding balance or a minimum amount of Rs. 200 (whichever is higher) + GST + EMI on loans (if any).
The steps to be followed in order to apply for an SBI Advantage Plus Credit Card are:
The cardholder will have to pay EMI for 11 consecutive months, and will be billed according to the amount he/she has used through the Encash facility. The customer will have to pay a monthly EMI of Rs. 2,500 EMI for Rs. 25,000 encashed as FD or pay an EMI of Rs. 5,000 per month for Rs. 50,000 encashed on the card.
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