SBI Card showers benefits on credit card applicants; here are top 5, details on sbicard.com

SBI Card: Credit card is the kind of business that a majority of banks are focusing on aggressively. Being the largest Indian Commercial bank, State Bank of India (SBI) is not a laggard in this banking business.

SBI card is also offering an annual SBI credit card fee waiver provided the SBI credit card holder has done purchases up to Rs 90,000 or above in a particular financial year. Photo: SBI Card

SBI Card: Credit card is the kind of business that a majority of Indian banks are focusing on aggressively. Being the largest Indian Commercial bank, State Bank of India (SBI) is not a laggard in this banking business. During the COVID-19 lockdown, people have understood the value to be derived from delayed payment as around 25 per cent loan takers have availed the EMI moratorium offered by the Reserve Bank of India (RBI) - delaying EMI is not recommended unless there is a financial emergency as the one caused by coronavirus lokdown currently.

Credit cards give the facility to buy today and pay later, and for those who are disciplined in their expenses, this can be a good friend in the rainy days.

Therefore, realising the huge potential of the credit card business segment during the lockdown, SBI Card has come out with various attractive offers. These offers range from 10 times reward points on payments at a particular point of sale (PoS), special reward points in the first 60 days of card issue, etc. SBI card is also offering an annual SBI credit card fee waiver provided the SBI credit card holder has done purchases up to Rs 90,000 or above in a particular financial year.

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Here are the top 5 credit card offers being made by SBI Card:

1] Reward Points: 10 times reward point on dining, movie, departmental and grocery spends. As Unlock 1.0 is implemented, people are expected to spend on movies and dining. So, this offer is eye catching.

2] Bonus Reward Points: SBI card is offering 2000 Bonus Reward Point for Rs 2000 spent in first 60 days post-issue.

3] Fuel Surcharge Waiver: An SBI credit card holder is eligible for 1 per cent fuel surcharge waiver across all petrol pumps. As digital India is gaining traction during lockdown, payments at petrol pumps through digital gateway is advisable. But, you are an SBI Credit Card holder, you are eligible for 1 per cent fuel surcharge waiver.

4] Annual Fee Waiver: SBI card is offering annual fee reversal in case the credit card users has made Rs 90,000 of above payments through the SBI credit card in one financial year.

5] e-Gift: For ELITE cards, the welcome e-gift voucher is worth Rs 5,000 on joining.

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