What is the annual fee of the Spar SBI Card?

What is the annual fee of the Spar SBI Card?.

Does the Spar SBI Card have the facility of balance transfer on EMI?

Yes, the Spar SBI Card comes with the balance transfer on EMI facility where the primary cardholder can transfer the outstanding balance of another credit card to the Spar SBI Card.

Is there a waiver on the annual fee?

No, there is no waiver on the annual fee of the Spar SBI Card.

What is the minimum amount due for the Spar SBI Card?

The minimum amount due for the card is 5% of the total outstanding amount, subject to a minimum of Rs.200 plus taxes.

Spar SBI Credit Card

The State Bank of India and Landmark Stores collaborated to launch the Spar SBI Card, a retail credit card. This credit card comes with a variety of features and bonuses that apply to not only your shopping expenses but also your other purchases. A membership fee of Rs.499 (plus GST) and an annual cost of Rs.499 are charged for the card (plus GST). The monthly finance costs on the card are 3.35 percent.

Key Highlights of the Spar SBI Card

Get 2,000 bonus points on joining.
5 reward points on shopping at Landmark Stores (Spar, Home Centre, etc.).
1% fuel surcharge waiver.

Features and Benefits of the Spar SBI Card

Welcome Benefits	2,000 reward points given on paying the joining fee.
Milestone Benefits	Get a bonus of 8,000 reward points on a minimum annual spend of Rs.2 lakh.
Reward Point Benefits	Get 1 reward point on every Rs.100 spent on other expenses.5 reward points given on every Rs.100 spent at Landmark Stores (Spar, Lifestyle, etc.), dining, and movies.
Fuel Benefits	1% fuel surcharge waiver on all transactions.
Renewal Benefit	On paying the renewal fee of Rs.499 (plus GST), get 2,000 reward points.
International Access	Spar SBI Card can be used at more than 24 million outlets in the world.
Balance Transfer Benefits	Transfer of balance available for the Spar SBI Card.
Add-on Card Benefits	Add-on cards available under the primary cardholder for family members above the age of 18.

Spar SBI Card Credit Limit

The State Bank of India determines your credit limit for the Spar SBI Card based on a number of variables, including your credit score, credit utilisation percentage, and repayment history.

Spar SBI Card Fees and Charges

Type of Fee	Charge
Joining fee	Rs.499 plus GST
Annual fee	Rs.499 plus GST
Cash advance limit	Up to 80% of the credit limit
Finance charges	3.50%
Late payment fee	If the total amount due is between: NIL if the total amount due is from Rs.0 to Rs.500. Rs.400 if the total amount due is greater than Rs.500 and up to Rs.1,000. Rs.750 if the total amount due is greater than Rs.1,000 and up to Rs.10,000. Rs.950 if the total amount due is greater than Rs.10,000 and up to Rs.25,000. Rs.1,100 if the total amount due is greater than Rs.25,000 and up to Rs.50,000. Rs.1,300 if the total amount due is greater than Rs.50,000.
Cash advance fee	2.5% of the transaction amount (subjected to a minimum of Rs.500)
Minimum amount due	5% of the total outstanding amount (minimum of Rs.200 plus taxes)
Overlimit fee	2.5% of the amount subject to a minimum of Rs.600
Free credit period	20 – 50 days
Cheque fee	Rs.100
Foreign currency mark-up	3.5%
Card replacement fee	Rs.100
Rewards redemption fee	Rs.99

Eligibility Criteria for Spar SBI Card

Employment status	The applicant must be salaried or self-employed.
Nationality	He or she must be a citizen of India.
Age	The applicant must be 18 years old.
Credit Score	A good credit score is important to apply for the credit card.

Documents Required for the Spar SBI Card

Proof of Address	Identity Proof	Income Proof
Passport	Voter ID	Salary Slip
Ration Card	Driving License	Form 16
Voter ID	Aadhaar Card	IT Returns
Aadhaar Card	-	-

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FAQs on Spar SBI Card

What is the annual fee of the Spar SBI Card?
What is the annual fee of the Spar SBI Card?
Does the Spar SBI Card have the facility of balance transfer on EMI?
Yes, the Spar SBI Card comes with the balance transfer on EMI facility where the primary cardholder can transfer the outstanding balance of another credit card to the Spar SBI Card.
Is there a waiver on the annual fee?
No, there is no waiver on the annual fee of the Spar SBI Card.
What is the minimum amount due for the Spar SBI Card?
The minimum amount due for the card is 5% of the total outstanding amount, subject to a minimum of Rs.200 plus taxes.

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