Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • 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.

    Key Highlights of the Shaurya Select SBI Card

    • 10x reward points for every Rs.100 on departmental, dining, grocery, and movie spend.
    • Spend-based reward points.
    • Complimentary Personal Accident Cover of Rs.10 lakh.
    • 1% fuel surcharge waiver.
    • 24x7 concierge services.

    Features and Benefits of Shaurya Select SBI Card

    Reward Point Benefits
    • 10x reward points on every Rs.100 spent on grocery, dining, movie, departmental store spends.
    • 2 reward points for every Rs.100 spent on other purchases.
    Renewal Benefits 1,500 reward points on paying the renewal fee.
    Insurance Benefits
    • Personal Accident Cover of Rs.10 lakh.
    • Fraud Liability Cover of Rs.1 lakh.
    Milestone Benefits
    • Spend Rs.50,000 in a year and get an e-voucher from Pizza Hut of Rs.500.
    • Receive a gift voucher of Rs.7,000 from Yatra or Pantaloons on spending Rs.5 lakh in a year.
    • 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.

    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
    • If the outstanding balance is between 0 and Rs.500 - Nil
    • Balance between Rs.501 and Rs.1,000 – Rs.400
    • Balance between Rs.1,001 and Rs.10,000 – Rs.750
    • Balance is between Rs.10,001 and Rs.25,000 – 950
    • Balance is between Rs.25,001 and 50,000 – Rs.1,100
    • 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

    1. 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.

    2. 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.

    3. 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.

    4. 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.

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