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

    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.

    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 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.

    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 - -

    Spar SBI Card FAQs

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

      The annual fee of the Spar SBI Card is Rs.499.

    2. 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.

    3. Is there a waiver on the annual fee?

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

    4. 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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