Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • SBI Advantage Plus Credit Card

    The Advantage Plus credit card by the State Bank of India is a basic card offered to the customers who are looking to get their first SBI credit card. This card comes at a minimum annual fee and joining fee and is specially curated for all your shopping needs. The card is accepted worldwide and offers several other benefits as well.

    Key Highlights of the SBI Advantage Plus Credit Card

    • Avail up to 3 add-on credit cards for family and relatives.
    • This credit card is accepted at over 24 million outlets all over the world.
    • With Flexipay, you can convert your purchases amounting to Rs.2,500 and more to EMIs.
    • Balance transfer on the card is available for the Advantage Plus credit cardholders.

    Features and Benefits of the SBI Advantage Plus Credit Card

    Cash Benefits

    • With the SBI Advantage Plus credit card, you can avail cash at more than 1 million Visa ATMs all over the world.
    • You will be able to withdraw up to 100% of your cash withdrawal limit.

    EMI Benefits

    • You will also be able to convert your purchases made with the SBI Advantage Plus credit card into EMI with Flexipay.
    • The minimum purchase amount to convert your purchase to EMIs is Rs.2,500.

    Bill Payment Benefits

    • With the Easy Bill Pay facility offered by the bank, you will not miss out on your monthly payments such as electricity, telephone, and other utilities.

    Worldwide Acceptance

    • The SBI Advantage Plus credit card is accepted all over the world at more than 1 million MasterCard or Visa ATMs.

    Easy Money Benefits

    • With your credit card, you can get a draft or a cheque against your credit limit and it will be delivered at home.

    SBI Advantage Plus Credit Card Limit

    The credit limit for the SBI Advantage Plus card is given at the discretion of the bank. The State Bank of India assesses a number of factors before assigning the credit limit such as the credit score of the primary applicant, the credit report, the annual income along with the repayment habits of any past and ongoing debts.

    Latest Offers on the SBI Advantage Plus Credit Card

    • Get a discount of 20% on all your subscriptions and health check packages on mfine.
    • Enjoy a cashback of 5% at RS Brothers and South India Shopping Malls for a minimum purchase of Rs.3,500. The maximum cashback given is Rs.1,250.
    • On a minimum transaction amount of Rs.30,000, get a discount of 10% on your international flight bookings on MakeMyTrip.
    • Avail a flat 20% discount on your purchases on Planeteves with your SBI credit card.
    • Make the most of your credit card with a 20% discount on your next booking on Myles. The minimum transaction to avail the discount is Rs.6,000.
    • On a minimum transaction of Rs.1,500, get a discount of Rs.200 on your purchases made on Grofers with your credit card.

    SBI Advantage Plus Credit Card Fees and Charges

    Type of Charge Amount
    Annual fee Rs.500
    Minimum amount due 5% of the total outstanding amount subjected to a minimum of Rs.200
    Add-on card fee Nil
    Finance charges 2.25% per month
    Interest-free credit period Up to 45 days
    Cash advance fee at SBI ATMs or other ATMs 2.5% of the transaction amount subject to a minimum of Rs.300
    Payment dishonour fee 2% of the payment amount subjected to a minimum of Rs.350.
    Renewal fee Rs.500
    Cash advance limit Up to 80% of the credit limit
    Overlimit payment 2.5% of the overlimit amount subjected to a minimum of Rs.500.
    Charge slip retrieval Rs.225 per charge slip
    Cheque pickup fee Rs.90
    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

    Statement retrieval Rs.100 per statement
    Free credit period Nil
    Foreign currency transaction 3.5%
    Cash advance fee at international ATMs 3% of the transaction amount subjected to a minimum of Rs.300.
    Card replacement Rs.100
    Cash payment fee Rs.100
    Railway ticket fee 1.8% of the transaction cost + GST
    Fuel surcharge 1% of the fuel purchase amount
    Rewards redemption fee Rs.99
    Emergency card replacement, when abroad $175

    Eligibility Criteria of the SBI Advantage Plus Credit Card

    The eligibility criteria for the card are:

    • The age of the primary applicant must be between 18 and 70 years old.
    • The age of the add-on applicant must be above the age of 15 years.
    • The primary applicant must be a citizen of India.

    Documents Required to Apply for the SBI Advantage Plus Credit Card

    The State Bank of India will notify you about the various documents they require during the application procedure. Some of the most common documents for the application procedure are:

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

    It is important to know that this list of documents is indicative. The bank may ask you to furnish other documents when required during the application procedure.

    How to Apply for the SBI Advantage Plus Credit Card Card

    You can apply for the SBI Advantage Plus credit card through online or offline methods. To apply for the card offline, you can either contact the SBI customer care or visit the nearest branch of SBI

    However, if you wish to apply for a credit card online, you must visit the website of the State Bank of India and click on the option of 'Apply'.

    You will then have to fill a form with your details such as:

    • Phone number
    • Name
    • Occupation
    • PAN card number
    • Email ID
    • Date of birth
    • Annual Income
    • Qualification
    • City of residence

    SBI will get in touch with you regarding further formalities for the procedure of application once you submit the required documents.

    SBI Advantage Plus Credit Card FAQs:

    1. Which are the credit cards that I can avail Balance Transfer for?

      Balance Transfer facility can be availed for all the different credit cards offered by various banks in India.

    2. How is the billing for Flexipay done?

      You will be billed for your Flexipay as a part of your monthly statements. The first installment that you must pay for availing Flexipay facility will be there on your card statement after you book the facility.

    3. Can add-on cardholders use the Easy Money facility?

      No, add-on cardholders cannot use the Easy Money Facility. Only the primary cardholder can avail Easy Money.

    4. Can I avail Balance Transfer on multiple SBI cards?

      No, you can avail Balance Transfer facility will only one SBI card that you own.

    5. How can I book Encash?

      Encash can be booked by you in two different ways. These are as follows:

      • You can log on to sbicard.com using your SBI login credentials.
      • Call up the card helpline number to find out if you can avail the Encash facility.
    6. Is there a penalty levied on an invalid cheque?

      Yes, a penalty of 2% of Cheque dishonour amount is charged for a Cheque Bounce.

    7. What are the surcharges available on the card?
      • 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
    8. How is the calculation of the minimum amount due made?

      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).

    9. How can I apply for an SBI Advantage Plus Credit Card?

      The steps to be followed to apply for an SBI Advantage Plus Credit Card are:

      • Submit the duly filled SBI Advantage Plus Credit Card Application Form and SBI FD Form with the bank
      • Provide a signed copy of the lien authorization letter and Auto Debit Mandate, in the format specified by the SBI Card mandate.
      • Provide the self-attested KYC documents
      • Submit all the above documents at an SBI branch
      • The SBI Advantage Plus Card will be issued to you if all requirements are met
      • Once the joining fee, as well as the annual fee is paid, you can use the Encash facility to open a fixed deposit in the bank using the credit provided on the card, for a sum of Rs. 25,000 or Rs. 50,000.
      • The Fixed Deposit will be opened in your name by the Bank, for your choice.
    10. What is the EMI I must pay when I use the encash facility to open an SBI fixed deposit through this scheme?

      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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