Shaurya Select SBI Credit Card
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Milestone Benefits: Users will get Pizza Hut voucher worth Rs 500 on achieving spends of Rs 50,000 in a quarter. A voucher worth Rs 7,000 from Yatra or Pantaloons on achieving annual spends of Rs Rs 5 Lakhs.
Cashback Rate
Value of 1 point = INR 0.25.
Users will get 10 points on spending every INR 100 on CSD, dining, movies, departmental stores and groceries. Effective cashback rate: 2.5%.
2 reward points on all other spend per INR 100. Effective general cashback rate: 0.5%.
Movie Benefits
Users will get 10 points on spending every INR 100 on CSD, dining, movies, departmental stores and groceries. Effective cashback rate: 2.5%.
Dining Benefits
Users will get 10 points on spending every INR 100 on CSD, dining, movies, departmental stores and groceries. Effective cashback rate: 2.5%.
Other Benefits
Annual fee reversal on spending INR 1,50,000 on the card.
Free personal accidental insurance cover of INR 10 Lakh.
24x7 concierge services for assistance in gift delivery, flower delivery, restaurant referral, courier service, car rental & limousine referral and many more services.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Milestone Benefits: Users will get Pizza Hut voucher worth Rs 500 on achieving spends of Rs 50,000 in a quarter. A voucher worth Rs 7,000 from Yatra or Pantaloons on achieving annual spends of Rs Rs 5 Lakhs.
Cashback Rate
Value of 1 point = INR 0.25.
Users will get 10 points on spending every INR 100 on CSD, dining, movies, departmental stores and groceries. Effective cashback rate: 2.5%.
2 reward points on all other spend per INR 100. Effective general cashback rate: 0.5%.
Movie Benefits
Users will get 10 points on spending every INR 100 on CSD, dining, movies, departmental stores and groceries. Effective cashback rate: 2.5%.
Dining Benefits
Users will get 10 points on spending every INR 100 on CSD, dining, movies, departmental stores and groceries. Effective cashback rate: 2.5%.
Other Benefits
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Lounge Access
None.
Fees & Charges
Joining Fee
Nil
Annual Fee
(one time): INR 1499 + Taxes.
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500.
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment Fee
Late Payment charges: 0 to 1300.
Foreign Currency Transactions Fee
Other Fees
Renewal Fee (per annum): INR 1499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fees & Charges
Joining Fee
Nil
Annual Fee
(one time): INR 1499 + Taxes.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum).
Late Payment Fee
Late Payment charges: 0 to 1300.
Foreign Currency Transactions Fee
Other Fees
Renewal Fee (per annum): INR 1499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Special Features
5 point on spend of every INR 100 on CSD, dining, movies, departmental stores and grocery. Value of 1 point = INR 0.25.
Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Occupation: You must be employed with the army, navy, airforce, or coastguard or paramilitary.
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?
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 Shaurya Select SBI Card 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 Shaurya Select SBI Card.
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
The USP of the card is 2.5% cashback on CSD, dining, movies, departmental stores and grocery. Few cards in India offer cashback on purchases from CSD. Otherwise the card has very little to offer.
The USP of the card is 2.5% cashback on CSD, dining, movies, departmental stores and grocery. Few cards in India offer cashback on purchases from CSD. Otherwise the card has very little to offer.
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