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IRCTC SBI Card Premier

Product Details
Credit Card Name : 

IRCTC SBI Card Premier

Bank Name :

State Bank Of India

Type :

Travel Credit Card

Interest Rate : 

3.50% per month (42% per annum) from the transaction date. 

Eligibility :

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.

IRCTC SBI Card Premier
Pros
  • Welcome Benefit: Get 1500 bonus reward points worth INR 1500 on payment of annual fees.

  • Reward System: On buying tickets through irctc.co.in & IRCTC Mobile App for AC1, AC2, AC3, executive chair car and chair car and get upto 10% value back as reward points. Get 3 reward points on every 125 spent at dining, and on standing instructions on utility bill payment. Dining & bill cashback rate: 2.4%.  Get 1 reward point on INR 125 on all other spends. Effective general cashback rate: 0.8%

  • Free rail accident insurance of INR 10 Lakhs

  • Free air accident insurance of INR 50 Lakhs

  • Free fraud liability cover of INR 1 Lakh.

  • Free 8 complimentary railway lounge access in a year to participating lounges in India (2 per quarter).

  • Milestone Benefits: Earn 2,500 reward points on annual travel spends of INR 50,000. Earn 5,000 reward points on annual travel spends of INR 1,00,000. 

  • Reversal of annual fee on spends of INR 2 Lakhs.


 


 

Cons
  • Low general cashback rate. 

  • No free movie tickets. 

  • No free airport lounges visits.

Pros & Cons
Welcome Benefits

Welcome Benefit: Get 1500 bonus reward points worth INR 1500 on payment of annual fees.

Rewards System

Reward System: On buying tickets through irctc.co.in & IRCTC Mobile App for AC1, AC2, AC3, executive chair car and chair car and get upto 10% value back as reward points. Get 3 reward points on every 125 spent at dining, and on standing instructions on utility bill payment. Dining & bill cashback rate: 2.4%.  Get 1 reward point on INR 125 on all other spends. Effective general cashback rate: 0.8%

International Forex Markup

3.5%.

Welcome Benefits and Reward System
Special Features

Get 25 point on spend of every INR 100 at BPCL petrol pumps + Bharat Gas + BPCL fuel lubricants. Value of 1 point = INR 0.25. Effective cashback rate: 6.25% (Capped at 2500 reward points per month).

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.

Benefits
  • Discount on rail tickets.

  • Free railway lounge visits. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?

1. Online: This is the faster and more convenient method:

  • Visit the SBI Card website: Head to the official SBI Card website.

  • Navigate to the IRCTC SBI Card Premier page: Find the "Personal" category and choose "Shopping" as the sub-category. 

  • Click "Apply Now": Look for the prominent "Apply Now" button on the card page.

  • Fill out the application form: Provide your personal details, income information, and KYC documents like PAN, etc.

  • Review and submit: Carefully review the application details.

  • Await decision: You'll receive an instant preliminary decision based on the information provided.

2. Offline: This method involves visiting a SBI branch and completing the application process:

  • Visit an SBI branch: Find a nearby SBI branch and express your interest in applying for the IRCTC SBI Card Premier.

  • Fill out the application form: A bank representative will assist you with the form and guide you through the process.

  • Submit the form and documents: Provide all requisite documents such as 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
IRCTC SBI Card Premier

Card's main benefit is that it offers 10% discount on AC1, AC2, AC3, executive chair car and chair car. Card also provides 8 free railway lounge visits. Card otherwise has limited utlity for non-train travelers.

Abhijeet Saxena

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 1499 + Taxes.

  • Renewal Fee (per annum): INR 1499 + 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.

Fees & Charges
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