Shaurya Select SBI Credit Card

The Shaurya Select State Bank of India (SBI) Card is a credit card that has been introduced by the State Bank of India for the armed forces personnel to honour them for their service. This credit card comes with a wide range of benefits across different categories such as reward points, entertainment, insurance, etc. to provide the best for the armed forces personnel. The Shaurya Select SBI Card comes with a renewal fee of Rs.1,499 and an interest rate of 3.50% per month.

credit card CTA button

Key Highlights of the Shaurya Select SBI Card

  1. 10x reward points for every Rs.100 on departmental, dining, grocery, and movie spend.
  2. Spend-based reward points.
  3. Complimentary Personal Accident Cover of Rs.10 lakh.
  4. 1% fuel surcharge waiver.
  5. 24x7 concierge services.
credit card CTA button

Features and Benefits of Shaurya Select SBI Card

Reward Point Benefits

  1. 10x reward points on every Rs.100 spent on grocery, dining, movie, departmental store spends.
  2. 2 reward points for every Rs.100 spent on other purchases.

Renewal Benefits

1,500 reward points on paying the renewal fee.

Insurance Benefits

  1. Personal Accident Cover of Rs.10 lakh.
  2. Fraud Liability Cover of Rs.1 lakh.

Milestone Benefits

  1. Spend Rs.50,000 in a year and get an e-voucher from Pizza Hut of Rs.500.
  2. Receive a gift voucher of Rs.7,000 from Yatra or Pantaloons on spending Rs.5 lakh in a year.
  3. On annual spends of Rs.1.5 lakh or above, the annual fee will be waived.

Other Benefits

24x7 concierge services available with the credit card.

Balance Transfer Benefit

Transfer the balance of your other credit card to your Shaurya Select SBI Card and pay off with a lower interest rate.

Flexipay

Convert any purchase above Rs.2,500 to easy EMIs with your credit card.

credit card CTA button

Shaurya Select SBI Card Limit

The credit limit for the Shaurya Select SBI Card is assigned by the State Bank of India. The bank considers many factors before assigning a credit limit such as the credit score of the applicant and repayment habits of past debts.

Shaurya Select SBI Card Fees and Charges

Type of Charge

Fee

Joining fee

Waived off

Renewal fee

Rs.1,499

Cash advance limit

80% of the credit limit

Finance charge

3.50% per month

Add-on credit card fee

Nil

Free credit period

Nil

Cash advance fee

2.5% of the transaction amount (subjected to a minimum of Rs.500)

Cash payment fee

Rs.199

Payment dishonour fee

2% of the payment amount

Cheque fee

Rs.100

Late payment fee

  1. If the outstanding balance is between 0 and Rs.500 - Nil
  2. Balance between Rs.501 and Rs.1,000 - Rs.400
  3. Balance between Rs.1,001 and Rs.10,000 - Rs.750
  4. Balance is between Rs.10,001 and Rs.25,000 - 950
  5. Balance is between Rs.25,001 and 50,000 - Rs.1,100
  6. Balance is more than Rs.50,000 - Rs.1,300

Statement retrieval

Rs.100

Overlimit fee

2.5% of the overlimit amount

Rewards redemption fee

Rs.99

Foreign currency mark-up

3.5%

Eligibility Criteria for Shaurya Select SBI Card

Nationality

He or she must be a citizen of India.

Age

The applicant must be at least 18 years old.

Employment status

The primary applicant must be a member of the armed forces.

Credit Score

Applicants having a good credit score will be eligible for the card.

Documents Required for Shaurya Select SBI Card

Proof of Address

Identity Proof

Income Proof

Passport

Voter ID

IT Returns

Ration Card

Aadhaar Card

Form 16

Voter ID

Driving License

Salary Slip

Aadhaar Card

Job Card issued by NREGA

Job Card issued by NREGA

How to Apply for the Shaurya Select SBI Card

To apply for the Shaurya Select SBI Card, the steps to follow are:

Step 1: Visit the website of the State Bank of India for credit cards at SBI Card.

Step 2: Select on the Shaurya Select SBI Card.

Step 3: Click on the 'apply now' option.

Step 4: Enter the details which are required.

Step 5: Once submitted, a representative from the bank will get in touch with you.

FAQs on Shaurya Select SBI Card

  • Is there a joining fee for the Shaurya Select SBI Card?

    No, the first-year fee for the Shaurya Select SBI Card is waived off. The annual fee of Rs.1,499 must be paid from the second year onwards.

  • Will the Shaurya Select SBI Card be different according to the service branch?

    No, the benefits offered by the Shaurya Select SBI Card will be the same irrespective of the service branch (Army, Navy, Air Force, Paramilitary). However, the card will be embossed with the service branch of the applicant.

  • Where can I redeem my reward points?

    You can redeem your accumulated reward points from the SBI Rewards Catalogue by choosing from a wide range of products available.

  • How will I know if my Shaurya Select SBI Card has been accepted or rejected?

    If your application is accepted or refused by the bank, SBI Card will notify you via email. You can, however, follow your application by going to the SBI Card website.

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.