Aditya Birla SBI Card
MyRupaya Ratings
Product Details
Credit Card Name :
Aditya Birla SBI Card
Bank Name :
State Bank Of India
Type :
Rewards Credit Card
Interest Rate :
3.50% per month (42% per annum) from the transaction date.
Eligibility :
To be eligible for an Aditya Birla SBI card, you must meet three simple requirements:
Age: When you apply, you must be at least 21 years old and no more than 60 years old.
Income: You must have a steady source of income. This could be a pay, money from a business, or any other steady source of income.
Residence: You must be and Indian resident.
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Pros
Welcome Benefit: Users will get 2000 reward points worth INR 500 on payment of annual fees.
Milestone Rewards: Users will get 2000 reward points on annual spending of INR 1 Lakh as a milestone reward and an additional 2000 reward points on annual spending of INR 1.5 Lakh.
Reward System: Users will be awarded 10 reward points per INR 100 spent on Aditya Birla Stores (Aditya Birla Fashion Online and Retail Stores: Louis Philippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Pantaloons, The Collective, Simon Carter, Ralph Lauren, Hackett London, Ted Baker and Fred Perry, VI store). Value of 1 point = INR 0.25. Effective Aditya Birla Cashback Rate: 2.5%. 5 reward points per INR 100 spent on dining, entertainment & hotels. Effective dining/entertainment/hotel cashback rate: 1.25%. 1 reward point per INR 200 spent on other purchases. Effective general cashback rate: 0.125%.
Cons
Low cashback rate.
No free movie tickets.
No free airport lounge visits.
Limited value add benefits.
Pros & Cons
Welcome Benefits
2000 reward points worth INR 500 on payment of annual fees.
Rewards System
Users will be awarded 10 reward points per INR 100 spent on Aditya Birla Stores (Aditya Birla Fashion Online and Retail Stores: Louis Philippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Pantaloons, The Collective, Simon Carter, Ralph Lauren, Hackett London, Ted Baker and Fred Perry, VI store). Value of 1 point = INR 0.25. Effective Aditya Birla Cashback Rate: 2.5%. 5 reward points per INR 100 spent on dining, entertainment & hotels. Effective dining/entertainment/hotel cashback rate: 1.25%. 1 reward point per INR 200 spent on other purchases. Effective general cashback rate: 0.125%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Upto 2.5% off on Aditya Birla Stores (Louis Philippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Pantaloons, The Collective, Simon Carter, Ralph Lauren, Hackett London, Ted Baker and Fred Perry, VI store).
Eligibility Criteria
To be eligible for an Aditya Birla SBI card, you must meet three simple requirements:
Age: When you apply, you must be at least 21 years old and no more than 60 years old.
Income: You must have a steady source of income. This could be a pay, money from a business, or any other steady source of income.
Residence: You must be and Indian resident.
Benefits
Users can get great cashback on Aditya Birla stores (2.5%).
Milestones benefits on spending INR 1 lakh and INR 1.5 lakh.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
1. Online: Quick and easy way to apply for the card is online. Simply visit the SBI Card website and follow these steps:
Choose the Aditya Birla SBI Credit Card.
Click on the "Apply Now".
Fill out the application form with all of your personal details, income information, and employment details.
Upload scanned copies of the requisite documents (PAN card, Address proof, Income proof).
Submit the application form and wait for a decision from the bank.
2. Offline: You can also apply for an Aditya Birla SBI card at any SBI branch or at any Aditya Birla store. Just visit the branch or store and ask for an application form. Fill out the form and submit it along with the required documents.
3. Through bank representatives: Some banks have representatives who can help you apply for a credit card. They can guide you through the process and answer any questions you may have.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get 2000 reward points worth INR 500 on payment of annual fees.
Milestone Rewards: Users will get 2000 reward points on annual spending of INR 1 Lakh as a milestone reward and an additional 2000 reward points on annual spending of INR 1.5 Lakh.
Reward System: Users will be awarded 10 reward points per INR 100 spent on Aditya Birla Stores (Aditya Birla Fashion Online and Retail Stores: Louis Philippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Pantaloons, The Collective, Simon Carter, Ralph Lauren, Hackett London, Ted Baker and Fred Perry, VI store). Value of 1 point = INR 0.25. Effective Aditya Birla Cashback Rate: 2.5%. 5 reward points per INR 100 spent on dining, entertainment & hotels. Effective dining/entertainment/hotel cashback rate: 1.25%. 1 reward point per INR 200 spent on other purchases. Effective general cashback rate: 0.125%.
Low cashback rate.
No free movie tickets.
No free airport lounge visits.
Limited value add benefits.
The USP of the card is 2.5% off on Aditya Birla Stores (Aditya Birla Fashion Online and Retail Stores: Louis Philippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Pantaloons, The Collective, Simon Carter, Ralph Lauren, Hackett London, Ted Baker and Fred Perry, VI store). Otherwise the card does not have much to offer.
Aditya Birla SBI Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Annual Fee (one time): INR. 499 + Taxes
Renewal Fee (per annum): INR 499 + Taxes.
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Reward Redemption Fees: INR 99/- per redemption.
Fuel Surcharge
1% fuel surcharge waiver for each transaction between INR 500 and INR 4,000. Maximum surcharge waiver of INR 100 per statement cycle, per credit card account.
Billing Cycle
30 Days.