The Indian Railways Catering and Tourism Corporation and the State Bank of India had launched a co-branded credit card a few months back to cater to the people of India, traveling by trains.
On 1 July, IRCTC and SBI have launched a loyalty program which offers a wide range of benefits for the cardholders. The SBI-IRCTC loyalty program aims to provide cashback and reward point benefits on train bookings.
The cardholders under this program can claim cashback on the booking amount paid for train reservations along with earning reward points. These reward points can be redeemed to book train tickets as well.
The cashback will be credited directly into the credit card account after 5 days from the date of bookings. A 10% cash back can be availed on the reservation of only AC compartments of the train which are AC Chair Car, AC - 1st class, AC 2nd class, 3rd class, and Executive Chair Car.
Accrued rewards points can be redeemed by SBI customers using the following process explained below.
Transaction Charge Waiver: You save 1.8% transaction charges, exclusive of GST and all other charges when they book railway tickets on irctc.co.in.
Fuel Surcharge waiver: You can avail 1% fuel surcharge waiver across all petrol pumps in India on fuel transactions of Rs.500 to Rs.3,000. The maximum surcharge amount is capped at Rs.100 for one statement cycle.
Visa Offers: You get exclusive privileges from Visa including great deals on entertainment, travel, dining and golf.
Global Acceptance: The IRCTC SBI Platinum Card is accepted worldwide at over 29 million merchant outlets and at 3,25,000 merchant outlets in India, through the Visa payment gateway.
24/7 Assistance: State Bank of India provides 24/7 Visa Global Customer Assistance and the IRCTC SBI Platinum Card Customer Helpline to cardholders to help them during any emergency situation.
Utility Bill Payments: You can easily pay your utility bills like telephone bills, electricity bills, insurance, etc.without any hassles. SBI provides this service to its customers free of cost.
Add-on Cards: You can also apply for add-on cards for your spouse, parents, children, and siblings above the age of 18, without additional charges.
Flexipay: Using the Flexipay feature, you can convert all your purchases over Rs.2,500 into EMI within 30 days of the transactions.
|Type of Charge||Amount|
|Finance charges||Up to 3.35% per month|
|Interest free credit period||20 - 50 days (applicable only on retail purchases and on the contingency that all previous months' outstanding balance is paid)|
|Minimum amount due||5% of the total outstanding amount|
|Cash withdrawal fee - SBI or other domestic ATMs||2.5% of the withdrawal amount or a minimum of Rs.300 per transaction|
|Cash withdrawal fee - International ATMs||3% of the withdrawal amount or a minimum of Rs.300 per transaction|
|Add-on fee (per annum)||NIL|
|Card replacement charges||Rs.100 per replacement|
|Late payment charges||
When the total amount due is in between:
|Cash payment fee and SBI branch||Rs.100 per payment|
|Cheque payment fee||Rs.100 (for payments up to Rs.10,000)|
*You also need to submit documents other than the ones mentioned here and the complete list would be given to you at the time of your application process.
You can apply for the IRCTC SBI Platinum Credit Card on the SBI official website. You can also apply on BankBazaar. The application process is paperless and rapid. The procedures for applying on BankBazaar are mentioned below.
The IRCTC SBI Platinum Card is a travel card that offered by SBI in partnership with the Indian Railways.
State Bank of India charges a fee of Rs.100 to issue a replacement card to customers in India.
You can redeem you rewards by following these steps.
You can redeem rewards on your mobile by following the steps mentioned below.
Yes, to redeem your reward points to cash, write to SBI or contact their customer care.
Reward points have a validity of 24 months from the date of accrual. Any reward points not redeemed within this period will lapse.
Flexipay is an option provided by SBI wherein you can convert spends into Equated Monthly Installments (EMI). Any transaction over Rs.2,500 can be converted in EMIs within 30 days of making the spend.
You will have to pay a 2% processing fee on the total amount you wish to convert.
No, only a primary card holder can opt for flexipay.
The flexipay instalment will be billed as per your credit card billing cycle.
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