Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
The Spar SBI Card is a shopping credit card introduced by the State Bank of India in collaboration with Landmark Stores. This credit card offers a wide range of features and benefits on not only your shopping expenses but other spends as well. The card comes with a joining fee of Rs.499 (plus GST) and an annual fee of Rs.499 (plus GST). The finance charges on the card are 3.35% per month.
| Welcome Benefits |
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| Milestone Benefits |
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| Reward Point Benefits |
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| Fuel Benefits |
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| Renewal Benefit |
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| International Access |
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| Balance Transfer Benefits |
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| Add-on Card Benefits |
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The credit limit for the Spar SBI Card is assigned by the State Bank of India after considering many factors such as your credit score, your credit utilisation ratio, and your repayment habits.
| 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:
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| 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 |
| 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. |
| 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 | - | - |
The annual fee of the Spar SBI Card is Rs.499.
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.
No, there is no waiver on the annual fee of 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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