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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 |
|---|---|
| Annual fee | Rs.500 |
| Renewal fee | Rs.300 |
| 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.
Following the complaints received against vendors for overcharging food in trains, the IRCTC has introduced billing through Point of Sale (POS) machines.
Passengers on Indian Railways can now use credit cards and debit cards to buy food items during their journey.
In line with the decision, the IRCTC has provided most of its authorized caterers with the PoS machines for instant bill generation for food items purchased onboard trains.
About 2,200 machines have been arranged in the trains with pantry cars so far. In the next phase, 100 devices would be provided on 26 trains.
The ministry opined that the introduction of credit card and debit card payments would be an ideal solution for the problem of overcharging, and would also make buying food easier for the passengers.
2 February 2019
As reports about the denial of payment via the credit and debit cards of a few banks on the IRCTC website started doing the rounds, Indian Railway Catering and Tourism Corporation (IRCTC) has asserted that it is indeed accepting payments via the cards of all banks. A notification on the website of the IRCTC website has rubbished the reports of restrictions of some cards by the company.
Also, the Ministry of Railways took to Twitter to clarify that the reports are indeed misleading. It has seven active payment gateways for accepting credit card and debit card payments. It also facilitates direct integration with a few banks.
The e-ticketing company said that none of the seven payment gateways is rejecting payments through cards of any bank. But it’s true that additional costs would be charged for direct integration with banks.
8 October 2018
In order to promote cashless transactions, the Indian railways is offering a 5% discount for those who pay for their train tickets using the BHIM (Bharat Interface for Money) app or through UPI (Unified Payments Interface). As the country focuses on going digital, almost all transactions are cashless these days. Customers can book their trains tickets online and pay through either BHIM app or UPI to avail this discount. This offer is applicable for those choosing to pay through BHIM/UPI at the booking counter as well.
The railway department has also set-up POS machines to enable customers to pay for their train tickets using their credit or debit card. So far, "Indian Railways have tied up with State Bank of India to install 10,000 Point of Sale (POS) machines at various locations of Indian Railways i.e. Passenger Reservation System (PRS)/Unreserved Ticketing System (UTS) ticket booking counters and Parcel/Goods locations.
Also, the digitally booked reserved tickets booked constituted approximately 66% of total reserved tickets booked in financial year 2017-18 as compared to approximately 60% in FY 2016-17
7 September 2018
Piyush Goyal, the Union Railways Minister and Devendra Fadnavis, the Chief Minister of Mumbai, met recently to discuss and approve National Mobility Cards in India. These cards will greatly help travelers to pay their travel-related bills. The card will allow its holders to make use of the card on all sorts of public transport including local trains, buses, metro, monorail etc.
In addition, these cards can also be used as a debit or credit card. MMRDA will be responsible for introducing these cards in the country whereas Mumbai Rail Vikas Corporation is coordinating for the Indian Railways.
And while the tenders for such cards are now in the finalization stage, it is expected to be available for public use within a year.
30 August 2018
SBI Card in collaboration with IRCTC announced is offering IRCTC SBI Platinum Card. The card offers 350 reward points, transaction fee waiver, fuel surcharge waiver and other value back offers on railway bookings.
Customers using IRCTC SBI Platinum Card can get up to 10% cash back on AC- 1 Tier, 2 Tier bookings made through IRCTC.
Booking railway tickets on IRCTC website using the card will relieve them from paying the additional 1.8% transaction fee waiver.
For every Rs.125 spent using the credit card, users can earn one reward point. The points can be redeemed on IRCTC website for rail ticket purchases.
Cardholders can also avail fuel surcharge waiver on fuel purchases at all the petrol pumps in India for a minimum transaction of Rs.500 up to Rs.3,000.
The IRCTC SBI Platinum Card is powered by VISA which offer special discounts on travel, gold, dining and movies.
17 May 2018
For people who travel often, the Indian Railways Catering and Tourism Corporation (IRCTC) has now launched a new feature, in which a customer can get up to 10% cashback on their ticket booked for AC class. But there's a catch to it. To avail this discount, the customer should make the payment using an IRCTC SBI Platinum Card. Only then the individual will be eligible for the cashback offer. IRCTC has introduced this offer as a tie-up with SBI that has been launching new facilities for passengers travelling by trains for quite a few months now. This is their latest offering along with letting passengers earn reward points on AC class tickets.
On their Twitter account named @IRCTCofficial, the Indian Railways e-ticketing platform announced, "Frequent #train #traveler? Presenting #IRCTC #SBI Platinum #Credit #Card. Book ticket using IRCTC SBI Platinum Card and get up to 10% value back as Reward Points, applicable for AC class.” To earn these reward points, the customer will have to log on to the official website of IRCTC or download the app on their mobile phone. IRCTC SBI Platinum Card is a travel card and it can be used in more than 29 million Visa outlets across and 3,25,000 outlets in the country.
3 May 2018
The Indian Railway Catering and Tourism Corporation (IRCTC) charges a fee called Bank Transaction Charges for most ticket bookings done from its web portal through credit card, debit card or net banking. The amount ranges from Rs.10 per transaction to 4% of the total amount transacted. The BTC fee is not shown on the main page while buying the tickets but it is calculated before IRCTC transfers the process to the designated bank’s payment gateway. While payments made through the net banking portal of leading banks like SBI, Oriental Bank of Commerce, and HDFC is charged an additional Rs.10 plus the GST, there is no additional charge on net banking done through banks like South Indian Bank, IDBI Bank, City Union Bank, Karur Vysya Bank, Bank of Maharashtra, and IndusInd Bank.
The BTC on domestic credit cards is generally 1.8% plus GST except for a few banks such as Axis Bank where a charge of 1.8% plus GST is levied on the transaction amount. For international credit cards, the charged levied is 4% of the transaction amount. For domestic MasterCard or Visa cards of HDFC Bank, Axis Bank, or Citibank debit cards no transaction charged is applied. However, if the transaction is done through ICICI debit card an extra charge of 0.25% to 1% plus GST is levied for amounts above Rs.1000 and Rs.2000 respectively.
The Indian Railway Catering and Tourism Corporation (IRCTC) charges a fee called Bank Transaction Charges for most ticket bookings done from its web portal through credit card, debit card or net banking. The amount ranges from Rs.10 per transaction to 4% of the total amount transacted. The BTC fee is not shown on the main page while buying the tickets but it is calculated before IRCTC transfers the process to the designated bank’s payment gateway. While payments made through the net banking portal of leading banks like SBI, Oriental Bank of Commerce, and HDFC is charged an additional Rs.10 plus the GST, there is no additional charge on net banking done through banks like South Indian Bank, IDBI Bank, City Union Bank, Karur Vysya Bank, Bank of Maharashtra, and IndusInd Bank.
The BTC on domestic credit cards is generally 1.8% plus GST except for a few banks such as Axis Bank where a charge of 1.8% plus GST is levied on the transaction amount. For international credit cards, the charged levied is 4% of the transaction amount. For domestic MasterCard or Visa cards of HDFC Bank, Axis Bank, or Citibank debit cards no transaction charged is applied. However, if the transaction is done through ICICI debit card an extra charge of 0.25% to 1% plus GST is levied for amounts above Rs.1000 and Rs.2000 respectively.
26 April 2018
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