The SBI StyleUP Contactless Credit Card is a co-branded credit card launched by the State Bank of India in collaboration with Future Group's fashion hub, fbb offering attractive discounts on fashion merchandise at Big Bazaar and fbb stores all throughout the year as well as premier services by SBI. The credit card is powered by Visa payWave - a highly secured, contactless chip technology that minimises the waiting time at cash counters. The SBI StyleUP Contactless Credit Card comes with welcome gift vouchers, reward points, fuel surcharge waivers, add-on cards, and more.
SBI StyleUP Contactless Credit Card cardholders can enjoy a plethora of benefits on their purchases. Listed below are the benefits that customers get to enjoy:
|Welcome Benefits||Gift voucher worth Rs.500 on select fashion range at fbb and Big Bazaar.|
|Shopping Benefits||Round-the-year additional discount of 10% on all fashion merchandise at fbb and Big Bazaar|
|Reward Point Benefits||
|Fuel Surcharge Benefits||1% fuel surcharge waiver on every transaction between Rs.500 to Rs.3,000.|
|Spend-based Benefits||2,000 bonus reward points as anniversary gift on timely payment of annual fee.|
|EMI Benefits||Customers can convert any purchases above Rs.2,500 into affordable EMIs.|
For the SBI StyleUP Contactless Credit Card, every Rs.100 spent is worth 1 reward point. The cardholder can collect these points and later redeem them for various fashion and lifestyle products, gift vouchers, discount vouchers, and so on.
A table containing information regarding the types of fees and charges with the payable amount and period limit is given below:
|Fee and Charges||Amount|
|Annual Fee||Rs.499 plus taxes (one-time fee)|
|Renewal Fee||Rs.499 plus taxes per annum|
|Cash advance limit||Up to 80% of the total credit limit with a maximum of Rs.15,000 per day.|
|Cash advance fee||
|Finance charges for cash advance||A maximum of 3.35% per month, starting from the day of withdrawal, and accounting to 40.2% per year|
|Free credit period for cash advance||Nil|
|Interest-free credit period on extended credit||25-50 days. Applicable only if the outstanding bill of preceding months are not due and only when the expenditure includes only retail purchases.|
|Minimum amount due on extended credit||5% of the total payable amount (Minimum Rs.200 + taxes + EMI’s for EMI based products + Overlimit amount, if any)|
|Cheque pickup fee||Rs.90|
|Statement retrieval||For statements older than 2 months and more – Rs.100/statement|
|Charge slip retrieval||Rs.225 per slip|
|Returned payment fee||2% of the net payable amount with a minimum of Rs.350|
|Card Overlimit fee||2.5% of the total amount of overdraft with a minimum of Rs.500|
|Reward redemption fee||Up to Rs.99|
|Cash Payment fee||Up to Rs.100|
|Card replacement fee||Rs.100|
|Emergency card replacement fee (while travelling overseas)||Nil|
|Foreign currency transaction||3.5% mark up|
|Late payment fees||
To apply for StyleUP Credit Card online, one can follow these simple steps:
No, since contactless card readers are designed to read one card at a time in case one holds more than one card it will ask the cardholder to choose the card through which they want to make the transactions.
Yes. The transaction process is similar to transactions on any other cards – for online payments, they have to enter the 3D secure pin and for ATM transactions they have to enter the ATM pin.
In order to convert your transactions into easy monthly installments with Flexipay, you need to make purchases worth Rs.2,500 or more and log on to sbicard.com within 30 days.
Yes, the STYLEUP contactless card is accepted in foreign countries. The credit card is accepted in over 24 million VISA outlets worldwide and over 3,25,000 outlets in the country.
Yes, you can withdraw cash using the contactless credit card. The card works in over 1 million VISA ATMs worldwide.
The interest free credit period is 20 – 50 days for retail purchases if previous month’s outstanding is paid fully.
For every contactless transaction, the maximum payment allowed is Rs.2,000. All you need to do is simply wave the STYLEUP contactless credit card at a secured reader.
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