Aditya Birla SBI Credit Card – Benefits, Fees & Eligibility

Introduction

The Aditya Birla SBI Credit Card is a co-branded entry-level/mid-range credit card issued by SBI Card in partnership with Aditya Birla Capital. It is positioned as a more accessible version compared to the Aditya Birla SBI Card SELECT, featuring a lower annual fee of Rs. 499 + GST. This card offers significant reward points on spending at Aditya Birla Stores, as well as on Dining, Entertainment, and Hotels. Key differentiating benefits include a welcome bonus of 2,000 Reward Points and milestone benefits where cardholders can earn up to 4,000 additional Reward Points based on annual spending.

Welcome Benefits

• Receive 2,000 Rewards Points on successful card activation.

Fees

• Joining Fee: Rs. 499 + GST
• Annual Fee: Rs. 499 + GST
• Rewards Redemption Fee: Rs. 99 per redemption request
• Foreign Currency Markup: 3.5% on the conversion amount
• Interest Rates: 3.5% per month (42% per annum)
• Fuel Surcharge Waiver: 1% surcharge waiver on fuel transactions at all fuel stations across India, applicable on transactions between Rs. 500 and Rs. 3,000, capped at Rs. 100 per statement cycle.
• Cash Advance Charges: 2.5% on the transaction amount, subject to a minimum charge of Rs. 500.

Rewards

• Aditya Birla Stores: Earn 10 Reward Points for every Rs. 100 spent.
• Dining, Entertainment, and Hotels: Earn 5 Reward Points for every Rs. 100 spent.
• Other Categories: Earn 1 Reward Point for every Rs. 200 spent.
• Milestone Benefits:
  • Receive 2,000 Reward Points on achieving annual spends of Rs. 1 Lakh or more.
  • Receive an additional 2,000 Reward Points on achieving annual spends exceeding Rs. 1.5 Lakh.
• Lounge Access: The card does not offer any complimentary airport lounge access (domestic or international).
• No specific benefits are mentioned for Movies, Travel, Golf, or Insurance.

Rewards Redemption Guide

• Reward Points can be redeemed on sbicard.com or via the SBI mobile app.
• Points can be used for paying the outstanding balance of the credit card via internet banking.
• Points can be redeemed against gift vouchers or products from the catalog on the SBI card website or SBI mobile app.
• The value of 1 Reward Point is Rs. 0.25.

Card Eligibility Criteria

• Minimum Age: 21 years
• Maximum Age: 60 years
• Occupation: Salaried or Self-Employed with stable income
• Income: Stable income (specific minimum varies by card)
• Credit History: Positive credit history preferred
• Banking Relationship: Not mandatory, but may improve approval chances
• Credit Score: Good credit score, preferably between 750 and 900
• Location: Applicant's residence address should be in locations serviced by SBI Card

Documents Required

• Identity Proof: Aadhar card, PAN Card, Voters’ Id, Passport, Driving License, or any government-approved Id.
• Address Proof: Aadhar Card, Utility Bills, Ration Card, Passport, etc.
• Income Proof: Latest 3 months’ salary slips, latest 3 months’ bank statement, or latest audited financial report.
• Digital KYC: PAN Card and a copy of Aadhaar Card (with first 8 digits masked) or any valid government address proof.
• Other income documents (Salary slip, income tax return, etc.) may be required depending on credit card eligibility and policy.

Card Review

The Aditya Birla SBI Credit Card is a strong contender for individuals who are regular customers at Aditya Birla stores, offering substantial reward points in this specific spending category. It serves as a more accessible alternative to the Aditya Birla SBI Card SELECT, featuring a competitive annual fee of Rs. 499 + GST. The card provides good value through its welcome bonus and milestone benefits, enabling users to accumulate significant reward points. While it excels in co-branded shopping and offers rewards on dining, entertainment, and hotels, a key limitation is the absence of complimentary airport lounge access. Overall, it is a recommended low-fee rewards card for loyal patrons of Aditya Birla brands.

Important Product Details

• Welcome benefit of 2,000 bonus Rewards Points.
• Earn 10 Reward Points for every Rs. 100 spent on Aditya Birla Stores.
• Earn 5 Reward Points for every Rs. 100 spent on Dining, Entertainment, and Hotels.
• Earn 1 Reward Point for every Rs. 200 spent on other categories.
• Receive 2,000 Rewards Points on annual spends of Rs. 1 Lakh.
• Receive an additional 2,000 Rewards Points on annual spends exceeding Rs. 1.5 Lakh.
• Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000, capped at Rs. 100 per statement cycle.
• The card does not offer any complimentary airport lounge access.
• The card is enabled with contactless technology for secure transactions.

Other Details

• The Aditya Birla SBI Credit Card is a co-branded card issued by SBI Card in partnership with Aditya Birla Capital.
• It is a lower version of the Aditya Birla SBI Card SELECT, with a lower annual fee of Rs. 499 compared to Rs. 1,499 for the SELECT card.
• The card is currently discontinued.
• General legal disclaimers and terms & conditions apply to the card application and usage.