The Shaurya Select 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.
|Reward Point Benefits||
|Balance Transfer Benefit||
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.
|Type of Charge||Fee|
|Joining fee||Waived off|
|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|
|Late payment fee||
|Overlimit fee||2.5% of the overlimit amount|
|Rewards redemption fee||Rs.99|
|Foreign currency mark-up||3.5%|
|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.|
|Proof of Address||Identity Proof||Income Proof|
|Passport||Voter ID||IT Returns|
|Ration Card||Aadhaar Card||Form 16|
|Voter ID||Driving License||Salary Slip|
To apply for the Shaurya Select SBI Card, the steps to follow are:
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.
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.
You can redeem your accumulated reward points from the SBI Rewards Catalogue by choosing from a wide range of products available.
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