FabIndia SBI Card
Rewards & Benefits
Welcome Benefits
Fabindia voucher worth INR 750 as a welcome benefit. Free access to Gold Tier Fab family membership.
Milestone Benefits
Milestone Benefit: Annual fee waiver upon reaching annual spending of Rs Rs 1 Lakhs. A gift voucher worth Rs 750 from popular brands upon achieving quarterly milestone spends of Rs Rs 1 Lakhs.
Cashback Rate
Value of 1 point = INR 1.
Users will get 5 points for spending every INR 100 on FabIndia stores. Effective FabIndia store cashback rate: 5%.
2 points on spend of every INR 100 on dining, movies & entertainment. Effective dining/entertainment cashback rate: 2%.
Movie Benefits
Dining Benefits
Other Benefits
Lounge Access
Fees & Charges
Joining Fee
INR. 1,499 + Taxes.
Annual Fee
INR. 1,499 + Taxes.
Cash Advance Fee
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
3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
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.
Foreign Currency Transactions Fee
Other Fees
Renewal Fee (per annum): INR 1,499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Cons
Low general cashback rate.
Card suited only for those individuals who purchase regularly from FabIndia.
Limited value add benefits.
Welcome Benefit: Users will get a Fabindia voucher worth INR 500 as a welcome benefit and free access to Gold Tier Fab family membership.
Reward System: Users will get 5 points on spending every INR 100 on FabIndia stores. Value of 1 point = INR 1. Effective FabIndia store cashback rate: 5%. 2 points on spend of every INR 100 on dining, movies & entertainment. Effective dining/entertainment cashback rate: 2%.
Milestone Benefit: Annual fee waiver upon reaching annual spending of INR 1 lakh. A gift voucher worth INR 750 from popular brands upon achieving quarterly milestone spends of INR 1 lakh.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
This is a quick and easy way to apply, and you can complete the process in a few minutes. Here's how:
Visit the SBI Card website: Head to the official SBI Card website.
Navigate to the Fabindia SBI Card page: Find the "Personal" button and choose "Shopping" as the category.
Click on the "Apply Now" button on the credit card page.
Fill out the application form: Provide your information, including: contact details, income details, and KYC documents like PAN and Aadhaar.
Review and submit: Carefully review the application form and agree to the terms and conditions before clicking "Submit."
Await decision: You'll receive an instant preliminary decision based on the provided information.
Offline:
This method involves visiting an SBI branch and completing the application process physically. Here's what you need to do:
Visit an SBI branch: Visit nearby SBI branch and express your interest in applying for the Fabindia SBI Card Select.
Fill out a physical application form: A bank representative will assist you with the form filling and guide you through the process.
Submit the form and documents: Provide all requisite documents, including: PAN, Aadhaar, and income proof, along with the completed application.
Await decision: The bank will process your application and inform you about the final decision through your preferred communication channel.
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 a Fabindia voucher worth INR 500 as a welcome benefit and free access to Gold Tier Fab family membership.
Reward System: Users will get 5 points on spending every INR 100 on FabIndia stores. Value of 1 point = INR 1. Effective FabIndia store cashback rate: 5%. 2 points on spend of every INR 100 on dining, movies & entertainment. Effective dining/entertainment cashback rate: 2%.
Milestone Benefit: Annual fee waiver upon reaching annual spending of INR 1 lakh. A gift voucher worth INR 750 from popular brands upon achieving quarterly milestone spends of INR 1 lakh.
Low general cashback rate.
Card suited only for those individuals who purchase regularly from FabIndia.
Limited value add benefits.
The USP of the card is 5% cashback on Fabindia. Otherwise the card does not offer much. This card should only be availed by only those individuals who are fans of FabIndia.
The USP of the card is 5% cashback on Fabindia. Otherwise the card does not offer much. This card should only be availed by only those individuals who are fans of FabIndia.
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
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Fuel Surcharge
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Billing Cycle
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