Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Shaurya SBI Credit Card is specifically curated for the Armed Forces personnel protecting the country. The credit card comes with complimentary insurance coverage, accelerated reward points, and a fuel surcharge waiver. There is no joining fee for the card and the annual fee is Rs.250 along with a finance charge of 2.5% per month.
| Reward Point Benefits |
|
| Spend-Based Benefits | On spending Rs.50,000 in a year, the annual fee of Rs.250 will be waived. |
| Fuel Benefits | 1% fuel surcharge waiver on all transactions. |
| Insurance Benefits | Complimentary Personal Accident Insurance worth Rs.2 lakh offered by RuPay. |
The following are the various other benefits of Shaurya SBI Credit Card:
Global Acceptance
The SBI credit card is accepted globally. This credit card is accepted in 190 countries and by 44 million businesses. The SBI Shaurya Select Credit Card is accepted at 3.7 million terminals in India.
Reward Points
Your reward points may be redeemed on SBI's reward page. On the SBI reward website, there are a variety of items that you may purchase with your earned reward points.
Other Bill Payment
This credit card may also be used to pay for utility bills such as telephone bills, electricity bills, and other utilities. Spending on bill payment is a simple way to accumulate reward points.
Balance Transfer
You can use the SBI Credit Card to transfer the balance from another bank's credit card. This service will also assist you in making simple Equated Monthly Instalment (EMI) payments on your outstanding credit card bills.
Other Benefits
Get assistance with courier service, restaurant referrals, car rentals, and other services 24×7. Your service branch, such as the Navy, Air Force, Army, or paramilitary, will be imprinted on the credit card.
FlexiPay
The transactions can be converted into simple monthly instalments. You may convert a transaction of Rs.2,500 into an affordable EMI within 30 days if you use the Shaurya Select Credit Card.
The credit limit for the Shaurya SBI Credit Card will be assigned by the State Bank of India.
| Type of Fee | Charge |
|---|---|
| Joining fee | Nil |
| Annual fee | Rs.1,499 |
| Late payment fee | If the total amount due is between:
|
| Finance charges | 2.5% per month. |
| Card replacement fee | Rs.100 |
| Cash advance fee | 2.5% of the transaction amount (subjected to a minimum of Rs.300) |
| Cash advance limit | Up to 80% of the credit limit |
| Minimum amount due | 5% of the total outstanding amount (minimum of Rs.300) |
| Cheque fee | Rs.100 |
| Overlimit fee | 2.5% of the amount subject to a minimum of Rs.500. |
| Foreign currency mark-up | 3.5% |
| Free credit period | 20 – 50 days |
| Rewards redemption fee | Rs.99 |
| Income Proof | Identity Proof | Proof of Address |
|---|---|---|
| IT Returns | Aadhaar Card | Ration Card |
| Form 16 | Driving License | Passport |
| Salary Slip | Voter ID | Aadhaar Card |
| - | - | Voter ID |
Yes, on spending more than Rs.50,000 in a year, the annual fee of Rs.250 will be waived.
Yes, on the departmental store, grocery, dining and CSD spends, the cardholder will receive 5 reward points for every Rs.100 spent.
Yes, primary cardholders of the Shaurya SBI Credit Card can also get an add-on credit card at no extra cost.
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