Spar SBI Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
Low general cashback rate.
Card suited only for those individuals who purchase regularly from Landmark st
Welcome Benefit: Users will get 2,000 reward points equivalent to INR 500 on payment of the annual fee.
Reward System: Users will get 5 points on spending every INR 100 on online & retail landmark stores (Lifestyle, Home Centre, Max and Spar). Value of 1 point = INR 0.25. Effective store cashback rate: 1.25%. 5 points on spend of every INR 100 on dining, movies & entertainment spends. Effective dining/entertainment cashback rate: 1.25%. 1 reward point per INR 100 spent on other retail purchases (Non-fuel). Effective general cashback rate: 0.25%.
Milestone Benefits: 1000 bonus reward points on annual spends of INR 20,000 across all landmark stores. 2,000 bonus reward points on annual spends of INR 45,000 across all landmark stores. 5,000 bonus reward points on annual spends of INR 95,000 across all landmark stores.
2,000 reward points worth INR 500 will be awarded on payment of renewal fees.
Rewards & Benifits
Welcome Benefits
2,000 reward points equivalent to INR 500 on payment of annual fee.
Rewards System
Users will get 5 points on spending every INR 100 on online & retail landmark stores (Lifestyle, Home Centre, Max and Spar). Value of 1 point = INR 0.25. Effective store cashback rate: 1.25%. 5 points on spend of every INR 100 on dining, movies & entertainment spends. Effective dining/entertainment cashback rate: 1.25%. 1 reward point per INR 100 spent on other retail purchases (Non-fuel). Effective general cashback rate: 0.25%.
International Forex Markup
3.5%.
Welcome Benefits and Reward System
Special Features
Reward System: 10 point on spend of every INR 100 on online & retail landmark stores (Lifestyle, Home Centre, Max and Spar). Value of 1 point = INR 0.25. Effective store cashback rate: 2.5%.
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
Good cashback on landmark stores.
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 Spar 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 Spar 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
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get 2,000 reward points equivalent to INR 500 on payment of the annual fee.
Reward System: Users will get 5 points on spending every INR 100 on online & retail landmark stores (Lifestyle, Home Centre, Max and Spar). Value of 1 point = INR 0.25. Effective store cashback rate: 1.25%. 5 points on spend of every INR 100 on dining, movies & entertainment spends. Effective dining/entertainment cashback rate: 1.25%. 1 reward point per INR 100 spent on other retail purchases (Non-fuel). Effective general cashback rate: 0.25%.
Milestone Benefits: 1000 bonus reward points on annual spends of INR 20,000 across all landmark stores. 2,000 bonus reward points on annual spends of INR 45,000 across all landmark stores. 5,000 bonus reward points on annual spends of INR 95,000 across all landmark stores.
2,000 reward points worth INR 500 will be awarded on payment of renewal fees.
Low general cashback rate.
Card suited only for those individuals who purchase regularly from Landmark st
The USP of the card is that it offers 37.5% cashback on landmark stores (Lifestyle, Home Centre, Max and Spar). The card also offers good milestone benefits and welcome benefits. Card comes equipped with free domestic lounge visits, and free membership to priority pass. Card is a good beginner/first credit card for the youth.
Spar SBI Card Prime
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.