Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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.
| Welcome Benefits |
|
| Milestone Benefits |
|
| Reward Point Benefits |
|
| Fuel Benefits |
|
| Renewal Benefit |
|
| International Access |
|
| Balance Transfer Benefits |
|
| Add-on Card Benefits |
|
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.
| 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:
|
| 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.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
