The SBI Signature Contactless Credit Card is a premium lifestyle credit card brought to you by the State Bank of India (SBI). The one-time annual fee for the card is Rs.4,999 and it has a renewal fee of Rs.4,999 per annum.
Earn additional Bonus Reward Points on spending as per the bank’s prescribed margins:
The credit limit on credit cards is decided by the bank and may vary from applicant to applicant. The banks take a number of factors into consideration before dispatching a credit card for an applicant. The major factors which are considered in this case are the credit score, repayment history, existing loans, etc. The credit limit for a credit card is subject to the discretion of the bank.
|Type of Charge||Fee|
|Annual Fee (one time)||Rs.4,999|
|Renewal Fee (per annum)||Rs.4,999|
|Add-on Card Fee (per annum)||Nil|
|Late Payment Fee: Less than Rs.200 Rs.200-Rs.500 Rs.501- Rs.1,000 Rs.1,001-Rs.10,000 Rs.10,001 and above||Nil Rs.100 Rs.400 Rs.500 Rs.750|
|Card Replacement Fee||Rs.100|
Once you have checked your eligibility for the SBI Signature Contactless Credit Card, the credit application is generated. The documents required for the application for the credit card application are subject to the requirement of State Bank of India (SBI). However, there are some documents which are to be produced in general for the application of a credit card. These may be summed up as follows:
As mentioned earlier, the document requirement will be subject to the bank’s discretion. The documents mentioned above are indicative and an applicant might be required to provide other documents as well, as per the requirement of the bank.
No, you will not be charged on both the cards. The payWave feature allows you to establish a contact between the POS terminal and only one card at a time. Since the terminals cannot establish more than one contact at a time, if you have 2 or more cards with the contactless feature, the terminal will ask you to choose the credit card that you want to use to make the payment.
Yes, you can withdraw cash using your SBI Signature Contactless Credit Card from an ATM. However, the bank will charge a fee for the same.
You can use the SBI Signature Contactless Credit Card to make as many contactless payments as you want. However, it should be kept in mind that the limit for the payment is capped at Rs.2,000 per transaction.
If you try to make a payment of more than Rs.2,000 using the contactless feature of the SBI Signature Contactless Credit Card, the POS terminal will ask for the PIN.
No, the contactless or the tap and pay feature of the Visa payWave cards is set in general. It is set at the rate of Rs.2,000 per transaction and cannot be altered by the users.
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