State Bank of IndiaLandmark Rewards SBI Card Select – Benefits, Fees & Eligibility
Is the Landmark Rewards SBI Card Select Right for You?
The Landmark Rewards SBI Card Select is best suited for users who prioritize Shopping, Dining, Movies. With a joining fee of ₹1,499 + GST and a renewal fee of ₹1,499 + GST, this card is positioned for cardholders who can maximize its benefits to justify the cost. It offers Reward Points as its primary reward mechanism, with a rewards rate of Up to 15 RP per Rs. 100 at Landmark Stores; 10 RP on Dining, Movies, Intl; 2 RP on others..
Key Card Details
₹1,499 + GST
₹1,499 + GST
Reward Points
Up to 15 RP per Rs. 100 at Landmark Stores; 10 RP on Dining, Movies, Intl; 2 RP on others.
Notable Perks
Welcome Offer
6,000 Bonus Reward Points worth Rs. 1,500 on payment of Annual Fees.
Movie Benefits
10 Reward Points per Rs. 100 spent on Movies.
Fuel Surcharge Waiver
1% waiver on transactions Rs. 500-3,000, max Rs. 100 per statement cycle.
Milestone Benefits
12,000 Bonus Reward Points on annual retail spends of Rs. 3,00,000.
Things to Consider
Annual fee of Rs. 1,499 + taxes, which might not be waived based on spend.
Lower reward rate on general retail purchases compared to co-brand categories.
Lack of specific travel or lounge benefits, limiting perks for frequent travelers.
Benefits & Features
Welcome Offer
6,000 Bonus Reward Points worth Rs. 1,500 on payment of Annual Fees.
Rewards Rate
Up to 15 RP per Rs. 100 at Landmark Stores; 10 RP on Dining, Movies, Intl; 2 RP on others.
Reward Type
Reward Points
Reward Redemption
4 Reward Points = Re. 1. Redeem instantly at Lifestyle, Home Centre, Spar, Max, Baby Shop, EasyBuy.
Movie Benefits
10 Reward Points per Rs. 100 spent on Movies.
Dining Benefits
10 Reward Points per Rs. 100 spent on Dining.
Milestone Benefits
12,000 Bonus Reward Points on annual retail spends of Rs. 3,00,000.
Card Network
Visa
Fees & Charges
Joining Fee
₹1,499 + GST
Renewal Fee
₹1,499 + GST
Fuel Surcharge Waiver
1% waiver on transactions Rs. 500-3,000, max Rs. 100 per statement cycle.
Add-on Card Fee
Nil
Pros & Cons
Pros
Key benefits and features of this card.
High reward points on spends at Landmark Stores, maximizing savings for loyal shoppers.
Generous welcome bonus of 6,000 reward points, effectively offsetting the annual fee.
Significant milestone benefits, rewarding annual retail spends with bonus points.
Good reward rate on dining, movies, and international spends, adding value beyond co-brand.
Nil add-on card fee, allowing family members to share benefits without extra cost.
Cons
Key drawbacks and limitations of this card.
Annual fee of Rs. 1,499 + taxes, which might not be waived based on spend.
Lower reward rate on general retail purchases compared to co-brand categories.
Lack of specific travel or lounge benefits, limiting perks for frequent travelers.
Fuel surcharge waiver is capped, reducing overall savings on fuel expenses.
Reward redemption is primarily limited to Landmark group stores, restricting flexibility.
Product Details
Contactless (Tap & Pay) for quick and secure transactions.
Globally accepted at over 24 million outlets, including 3.25 lakh in India.
Cash access from over 1 million Visa ATMs worldwide.
Flexipay EMI option for purchases of Rs. 2,500 or more.
Provision for add-on cards for family members above 18 years.
Easy Bill Pay facility for utility bills.
Balance Transfer on EMI from other credit cards.
Benefits & Features
Welcome Offer
6,000 Bonus Reward Points worth Rs. 1,500 on payment of Annual Fees.
Rewards Rate
Up to 15 RP per Rs. 100 at Landmark Stores; 10 RP on Dining, Movies, Intl; 2 RP on others.
Reward Type
Reward Points
Reward Redemption
4 Reward Points = Re. 1. Redeem instantly at Lifestyle, Home Centre, Spar, Max, Baby Shop, EasyBuy.
Movie Benefits
10 Reward Points per Rs. 100 spent on Movies.
Dining Benefits
10 Reward Points per Rs. 100 spent on Dining.
Milestone Benefits
12,000 Bonus Reward Points on annual retail spends of Rs. 3,00,000.
Card Network
Visa
What matters, explained clearly
Introduction
The Landmark Rewards SBI Card SELECT, issued by SBI Card and operating on the Visa network, is a mid-range co-branded credit card designed to enhance shopping experiences, particularly at Landmark Stores. It offers significant reward points on purchases made at these stores, along with a substantial welcome bonus and milestone benefits for annual retail spends.
Welcome Benefits
- Get 6,000 Bonus Reward Points worth Rs. 1,500 on payment of Annual Fees.
Fees & Charges Breakdown
- Annual Fee: Rs. 1,499 + taxes
- Renewal Fee (per annum): Rs. 1,499 + taxes from second year onwards
- Add-on Card Fee (per annum): Nil
- Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at all petrol pumps across India.
- Maximum Fuel Surcharge Waiver: Rs. 100 per statement cycle.
- All applicable taxes would be charged on all fees, interest, and other charges.
Rewards & Cashback Structure
- Earning Rate:
- 15 Reward Points on every Rs. 100 spent at Online & retail Landmark Stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, and EasyBuy).
- 10 Reward Points per Rs. 100 spent on Dining, Movies & International spends.
- 2 Reward Points per Rs. 100 on other retail purchases (excluding Fuel, Rental, Govt Spends, Gaming, Wallet, EMI).
- Milestone Benefits:
- 12,000 Bonus Reward Points on overall annual retail spends of Rs. 3,00,000.
- Reward Redemption:
- 4 Reward Points = Re. 1.
- Redeem Reward Points instantly at Lifestyle, Home Centre, Spar, Max, Baby Shop, and EasyBuy stores.
Travel, Lounge & Lifestyle Perks
- Global Acceptance: Accepted at over 24 million outlets globally, including 3,25,000 outlets in India. Payments can be made at any outlet that accepts Visa.
- Cash Access Across the World: Withdraw cash from over 1 million Visa ATMs across the globe.
Important Product Details
- Contactless Advantage (Tap & Pay):
- Make everyday payments effortlessly by tapping your card on a secure reader for instant transactions.
- Offers fast and convenient transactions, eliminating the need to hand over your card or use cash.
- Ensures secure transactions as the card remains in your hand, reducing risk of loss or fraud. Visa PayWave's unique security key processes only one transaction even if the card is tapped multiple times.
- Global Acceptance: The card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India, and can be used at any outlet that accepts Visa.
- Cash Access Across the World: Allows cash withdrawals from over 1 million Visa ATMs across the globe.
- Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
- Add-on Cards: Empower your family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards.
- Easy Bill Pay Facility: Pay your electricity, telephone, mobile, and other utility bills conveniently.
- Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your Landmark Rewards SBI Card SELECT at a lower interest rate and repay in easy EMIs.
Other Details
- The value proposition of this co-brand product may be jointly funded by SBI Card and the co-brand partner, potentially involving fee and revenue sharing.
- Continued use of the card will be deemed as acceptance of any amendments in the Terms and Conditions.
- For assistance, contact the SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix your city STD code).
- All information provided is subject to change at the discretion of SBICPSL.
- Any disputes arising between the Cardholder and SBICPSL regarding the offer shall be subject to arbitration by a sole arbitrator appointed by SBICPSL, with proceedings conducted in English in New Delhi.
- SBICPSL may engage agents or third parties for marketing, sales, or other related services.
- Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted for payment.
- You can apply for the card through the SBI Card website, Chatbot ILA, SBI Card Helpline, or by visiting the nearest SBI branch.
- Detailed legal documents, including the Digital Membership Kit, Order of Payment Settlement, Most Important Terms & Conditions, and Terms & Conditions, are available via provided links.