Aditya Birla SBI Card SELECT – Benefits, Fees & Eligibility

Aditya Birla SBI Card Select

Introduction

The Aditya Birla SBI Card SELECT is a co-branded credit card launched by SBI Card in collaboration with Aditya Birla Finance Limited, operating on the Visa platform. This card is designed to offer a wide array of exciting rewards across various categories such as dining, lifestyle, and hotels, with a particular focus on compelling benefits for customers of brands under the Aditya Birla Group. Cardholders can redeem their earned Reward Points for gift vouchers, product catalogs, or even against their card's outstanding balance. Beyond rewards, the card extends lavish privileges including complimentary domestic lounge access, a welcome bonus of 6,000 Reward Points upon activation, and attractive milestone benefits. Additionally, it provides an Easy EMI option, allowing large transactions to be converted into convenient monthly installments.

Welcome Benefits

• Get 6,000 Reward Points worth Rs. 1,500 upon payment of the annual fees or card issuance.
• Reward Points will be credited to the cardholder's account within 60 days of the annual fee payment or card activation.

Fees

• Joining Fee (one-time): Rs. 1,499 + applicable taxes/GST.
• Renewal Fee (per annum): Rs. 1,499 + applicable taxes/GST, from the second year onwards.
• Add-on Fee (per annum): Nil.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup:
  • 3.5% on the conversion amount.
  • 2.5% of the transaction amount (as per fee table).
• Interest Rates: 3.5% per month (equivalent to 42% per annum).
• Fuel Surcharge Waiver:
  • Enjoy a 1% fuel surcharge waiver across all petrol pumps in India.
  • Applicable on transactions between Rs. 500 and Rs. 3,000.
  • The maximum fuel surcharge waiver is capped at Rs. 100 per statement cycle per credit card account, exclusive of GST and other charges.
• Cash Advance Charges: 2.5% on the transaction amount, subject to a minimum charge of Rs. 250 or Rs. 500 (depending on the source within the webpage).

Rewards

• Aditya Birla Stores: Get 20 Reward Points for every Rs. 100 spent at Aditya Birla Fashion Online and Retail Stores.
  • Includes brands such as Louis Philippe, Van Heusen, Allen Solly, Peter England, American Eagle, Forever 21, Pantaloons, The Collective, Simon Carter, Ralph Lauren, Hackett London, Ted Baker, and Fred Perry.
  • Also get 20 Reward Points per Rs. 100 spent at Vi (Vodafone Idea).
• Dining, Entertainment & Hotels: Get 10 Reward Points for every Rs. 100 spent on these categories.
• Other Purchases: Get 2 Reward Points for every Rs. 200 spent on other categories.
• Milestone Benefits:
  • Earn 3,000 Reward Points on annual spends of Rs. 1.5 Lakh.
  • Earn an additional 3,000 Reward Points on annual spends of Rs. 3 Lakh.
  • Milestone Reward Points will be credited to the cardholder's account within 60 days of crossing the annual spends threshold.
• Lounge Benefits:
  • Receive 4 complimentary visits to Domestic VISA lounges in India per calendar year.
  • A maximum of 1 visit is allowed per quarter.
• Exclusions: No Reward Points are accrued on Fuel, Utilities, and Mobile wallet uploads.

Rewards Redemption Guide

• Reward Points accrued can be redeemed at the Shop n Smile Catalogue.
• Reward Points may be redeemed as Gifts and e-Gift Vouchers across various categories.
• Reward Points can also be redeemed against the card’s outstanding balance via internet banking.
• The value of one Reward Point is Rs. 0.25 (1 RP = Rs. 0.25).
• A minimum of 2,000 Reward Points is required for redemption.
• Gift/E-gift vouchers will be received within 30 days of redemption.
• Redemption can be done through the SBI Card website or SBI mobile app.

Card Eligibility Criteria

Documents Required

• Identity Proof: PAN Card, Voters’ ID, Passport, Aadhaar card, Driving License.
• Address Proof: Utility Bills, Ration Card, Aadhaar Card, Passport, etc.
• Income Proof: 3 months’ salary slips, 3 months’ bank statement, or audited financial report.

Card Review

The Aditya Birla SBI Card SELECT is particularly beneficial for individuals who are frequent shoppers at Aditya Birla Group brands, as it offers accelerated reward points on these spends. With a generous welcome bonus, valuable milestone benefits, and complimentary domestic lounge access, the card provides significant value for its annual fee. It is best suited for consumers seeking rewards on lifestyle, shopping, and travel expenditures, especially those loyal to Aditya Birla brands. The option to convert large transactions into Easy EMIs and the flexibility in reward redemption further enhance its appeal.

Important Product Details

• 6,000 Reward Points as a welcome benefit upon annual fee payment/card activation.
• Earn 20 Reward Points for every Rs. 100 spent on Aditya Birla Stores (including specific fashion brands and Vi).
• Earn 10 Reward Points for every Rs. 100 spent on Dining, Entertainment, and Hotels.
• Earn 2 Reward Points for every Rs. 200 spent on other categories.
• No Reward Points on Fuel, Utilities, and Mobile wallet uploads.
• Milestone rewards: 3,000 Reward Points on Rs. 1.5 Lakh annual spends and an additional 3,000 Reward Points on Rs. 3 Lakh annual spends.
• Enjoy 4 complimentary visits to Domestic Airport Lounges per calendar year (max 1 per quarter).
• Benefit from a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, capped at Rs. 100 per statement cycle.
• Reward Points are redeemable at 1 RP = Rs. 0.25 for gift vouchers, product catalogs, or against card outstanding.
• Minimum 2,000 Reward Points required for redemption.
• Annual/Renewal Fee: Rs. 1,499 + applicable taxes.
• Add-on Card Fee: Nil.
• Reward Redemption Fee: Rs. 99 per request.
• Foreign Currency Markup: 2.5% to 3.5% of the transaction/conversion amount.
• Interest Rates: 3.5% per month (42% per annum).
• Cash Advance Charges: 2.5% on the transaction amount, minimum Rs. 250 or Rs. 500.

Other Details

• Contactless Technology: The card features contactless technology, allowing for fast, easy, and convenient transactions by simply tapping the card at a secure reader. This also reduces the risk of card loss and fraud as the card never leaves your hands.
• Worldwide Acceptance: The Aditya Birla SBI Card SELECT can be used in over 29 million outlets globally, including 3,25,000 outlets in India, wherever the Visa sign is accepted.
• Guaranteed Peace of Mind: Provides access to the SBI Card Helpline and 24-Hour Visa Global Customer Assistance Services for emergency assistance, especially if the card is lost or stolen during travel outside India.
• Credit Facility: Offers extended credit options, allowing cardholders to pay any amount from the Minimum Amount Due to the Total Amount Due and carry forward the unpaid balance at competitive finance charges.
• Add-on Card: Cardholders can apply for an Add-on card for their spouse, parents, siblings, and children over 18 years of age.
• Cash on the Go: Withdraw cash from over 1 million Visa ATMs globally, including 18,000 ATMs in India and an additional 10,000 ATMs across more than 100 cities in India. Cash withdrawal limit is up to 80% of the Credit Limit.
  • How to Get Cash from an ATM: Insert card, key in PIN, enter amount, wait for card and cash.
  • Safety Tips for ATM Usage: Memorize PIN, destroy PIN mailer, do not write PIN on card, never share PIN, do not let others use your card for ATM access, PIN cannot be changed (re-issue by helpline).
  • ATM Usage Note: PIN and card are required for facility. Follow ATM instructions carefully. Respond to instructions in reasonable time, or card may be retained/ejected. Retained cards are subject to replacement card fees. ATM may disburse specific currency denominations.
• Easy Bill Payment Facility: Ensures utility bills (electricity, insurance, telephone) are paid on time through two methods:
  • Standing Instructions: Register for automatic bill payments.
  • Online Payment: Make payments via the SBI Card website.
• Balance Transfer: Transfer outstanding balances from other Credit Cards to Aditya Birla SBI Card SELECT to avail low interest rate options.
  • Minimum transfer amount: Rs. 5,000.
  • Maximum transfer amount: Up to 75% of the available credit limit.
  • Processing Fee: Applicable as per prevailing rates.
  • Transfer time: 3 days for Visa cards, 5-7 working days for Non-Visa cards.
• Flexipay: An easy installment plan to convert purchases into easy monthly installments. Available at a low rate of interest. Can be availed by calling the SBI Card helpline or booking online on sbicard.com within 10 days of purchase.
• mBUY: Allows shopping on the go, including booking movie tickets, planning travel, buying gifts, and recharging mobile or DTH services. Access over 100 merchants via mobile and pay with the card. Download mBuy by SMSing "mBuy" to 56767 or visiting sbicard.com.
• SBI Card Alerts: Receive SMS notifications for credit card status, including Mini Statement Alerts, Cheque Alerts, Credit & Cash Limit Alerts, and Payment Assistance Alerts.
• Insurance Products: With your SBI Credit card, you can purchase Health Insurance, Personal Accident Insurance, Motor Insurance, Additional health covers, Travel & Home insurance, Life Insurance, and other assistance products at affordable rates.
• Reward Points Validity: The Reward Points earned with the Aditya Birla SBI Card SELECT are valid for 2 years (24 months).
• Contact Information:
  • SBI Cards and Payment Services Limited, Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi 110034.
  • Helpline: Dial 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Payment Acceptance: Cheques payable outside clearing zones are not accepted. Only local cheques or drafts payable in Delhi are accepted.
• Taxes: All taxes would be charged as applicable on all fees, interest, and other charges.
• Co-brand Funding: The value proposition of this co-brand product may be funded jointly by SBI Card and Aditya Birla Finance Limited, basis the financial arrangement between both parties, which may involve fee and revenue sharing.