Reliance SBI Card
Product Details
Credit Card Name :
Reliance 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 :
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.
Pros
Welecome Benefit: Get Reliance Retail voucher worth INR 500 as welcome benefit.
Reward System: 5 point on spend of every INR 100 on Reliance Retail stores. Value of 1 point = INR 0.25. Effective Reliance Retail store cashback rate: 1.25%. Get 5 points on spend of every INR 100 on dinning, movies & entertainment, domestic airlines and international spends. Effective dining/entertainment cashback rate: 1.25%. Get 1 points on all other retail spends. Effective general cashback rate: 0.25%.
Transaction offers at participating Reliance Retail Stores.
Milestone Benefit: Waiver of renewal fees on an annual spends of INR 1 Lakhs in the previous year. INR 500/- worth Reliance Retail voucher on annual spends of INR 25,000/- at participating Reliance Retail stores.
Cons
Low cashback rate.
Limited value add benefits.
No free airport lounge visits.
No free movie tickets.
Pros & Cons
Welcome Benefits
Welecome Benefit: Get Reliance Retail voucher worth INR 500 as welcome benefit.
Rewards System
Reward System: 5 point on spend of every INR 100 on Reliance Retail stores. Value of 1 point = INR 0.25. Effective Reliance Retail store cashback rate: 1.25%. Get 5 points on spend of every INR 100 on dinning, movies & entertainment, domestic airlines and international spends. Effective dining/entertainment cashback rate: 1.25%. Get 1 points on all other retail spends. Effective general cashback rate: 0.25%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
5 point on spend of every INR 100 on Reliance Retail stores. Value of 1 point = INR 0.25. Effective Reliance Retail store cashback rate: 1.25%.
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
Cashback on Reliance Retail stores.
You get special offers from Reliance Retail stores.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are 2 major ways to apply for Reliance SBI Card:
Visit the SBI Card website.
Go to the Reliance SBI Card page: Go to the "Personal" section and find the "Shopping" section.
Click "Apply Now" button.
Fill out the application form: Provide your personal details, PAN, Aadhaar and other required information.
Review and submit: Carefully review the application form and accept the terms and conditions before submitting your application.
Await decision: After submission, you'll receive an instant preliminary decision based on the information provided.
Offline:
Visit any SBI branch: Find a nearby SBI branch and express your interest in the Reliance SBI Card.
Fill out a application form: A bank representative will help you with filling the form and provide necessary guidance.
Submit the form and documents: Provide all required documents such as PAN, Aadhaar, and income proof along with your 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
Reliance SBI Card Review
The USP of the card is 1.25% off on Reliance Retail stores. The card has limited value add benefits. This card is suited only for frequent customers of Reliance Retail Stores.
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.