Lifestyle Home Centre SBI Card – Benefits, Fees & Eligibility

Introduction

The Lifestyle Home Centre SBI Card, issued by SBI Card, is a specialized shopping credit card designed for customers who frequently shop at Landmark Group stores. Positioned as a mid-range shopping card, it offers accelerated reward points on purchases made at Lifestyle, Home Centre, Max, Spar, Baby Shop, and EasyBuy stores, along with significant milestone benefits and an annual renewal bonus. Cardholders can earn up to 16,000 reward points annually through milestone spends and redeem points instantly at partner stores.

Welcome Benefits

• Enjoy 2,000 bonus reward points worth Rs. 500 on card activation or upon payment of annual fees.
• Receive Rs. 100 cash back on your first ATM cash withdrawal within 30 days of card activation.

Fees

• Joining Fee: Rs. 499 + applicable taxes.
• Renewal Fee: Rs. 499 + applicable taxes (from the second year onwards).
• Add-on Fee: Nil.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup: 3.5% of the transaction amount + applicable taxes.
• Interest Rates: 3.5% per month (42% per annum) on the due amount if not cleared by the payment due date.
• Fuel Surcharge: 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 3,000 at all petrol pumps across India. This waiver is capped at Rs. 100 per statement cycle/month.
• Cash Advance Charges: 2.5% of the amount withdrawn or a flat Rs. 500, whichever is higher.

Rewards

• Reward Points Earning:
  • Earn 10 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, and EasyBuy).
  • Earn 5 Reward Points per Rs. 100 spent on Dining, Movies, and International spends.
  • Earn 1 Reward Point per Rs. 100 spent on other retail purchases (excluding Fuel, Rental, Government Spends, Gaming, Wallet, and EMI transactions).
  • No reward points are offered on fuel transactions.
• Milestone Benefits:
  • Get 8,000 bonus Reward Points on annual retail spending of Rs. 2,00,000 or more.
  • Get 1,000 bonus Reward Points on spending Rs. 20,000 or more across all Landmark Stores.
  • Earn 2,000 bonus Reward Points on spending Rs. 45,000 across all Landmark Stores.
  • Earn 5,000 bonus Reward Points on spending Rs. 95,000 across all Landmark Stores.
  • Cardholders can earn up to 16,000 reward points annually through milestone benefits.
• Renewal Benefit:
  • Receive 2,000 Reward Points worth Rs. 500 upon successful payment of the annual fee of Rs. 499. These points are credited within 30 days of annual fee payment.
• Other Benefits:
  • Contactless Advantage: Tap & Pay for effortless, fast, and convenient transactions, ensuring secure payments with Visa PayWave technology.
  • Global Acceptance: Accepted at over 24 million outlets globally, including 3,25,000 outlets in India, wherever Visa is accepted.
  • Cash Access Across the World: Withdraw cash from over 1 million Visa ATMs globally.
  • Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
  • Add-on Cards: Provide add-on cards for family members including parents, spouse, children, or siblings above 18 years of age.
  • Easy Bill Pay Facility: Pay electricity, telephone, mobile, and other utility bills conveniently.
  • Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your Lifestyle Home Centre SBI Card at a lower interest rate and repay in easy EMIs.
• No specific benefits for: Travel, Domestic Lounge Access, International Lounge Access, Golf, or Insurance.

Rewards Redemption Guide

• Reward Points can be redeemed instantly at Lifestyle, Home Centre, Max, Spar, Baby Shop, and EasyBuy stores.
• The conversion rate is 4 Reward Points = Rs. 1 (equivalent to 1 SBI Card Reward Point = Rs. 0.25).
• 1 Landmark Reward is equivalent to 2.4 SBI Reward Points, and 1 Landmark Reward is equivalent to Rs. 0.60.

Card Eligibility Criteria

• Age: The applicant's age should be between 21 years to 70 years.
• Income: The applicant should have a stable income.
• Credit Score: The applicant's credit score may play an important role in the approval process.

Documents Required

• Identity Proof: Aadhar Card, Voters’ Id, PAN Card, Passport, Driving License, etc.
• Address Proof: Aadhar Card, Utility bills, Driving license, Passport, etc.
• Income Proof: Latest salary slips, latest bank statements, or latest ITR.

Card Review

The Lifestyle Home Centre SBI Card is an excellent choice for individuals who frequently shop at Lifestyle, Home Centre, Max, Spar, Baby Shop, or EasyBuy stores. It offers a strong rewards program with accelerated points on co-brand spends, complemented by substantial milestone benefits that can yield up to 16,000 bonus reward points annually. The card also provides a valuable renewal benefit of 2,000 reward points. A key advantage is the ability to redeem reward points instantly at partner stores.

Pros:

• High reward points (10X) on purchases at Landmark Group stores.
• Generous milestone benefits for annual retail spending.
• Annual renewal bonus points.
• Instant reward redemption facility at partner stores.
• 1% fuel surcharge waiver.
• Contactless payment, global acceptance, and cash access worldwide.
• Flexipay EMI, Add-on cards, Easy Bill Pay, and Balance Transfer on EMI facilities.

Cons:

• A joining and annual fee of Rs. 499 + taxes.
• A rewards redemption fee of Rs. 99 per request.
• High foreign currency markup of 3.5%.
• High interest rate of 3.5% per month (42% per annum).
• Cash advance charges are applicable.
• No reward points on fuel, rental, government, gaming, wallet, or EMI transactions.
• Lacks premium benefits like airport lounge access, golf, or insurance.

Important Product Details

• Positive Highlights:
  • 2,000 bonus reward points worth Rs. 500 on card activation/annual fee payment.
  • Rs. 100 cashback on first ATM cash withdrawal.
  • Earn 10 Reward Points per Rs. 100 spent at Landmark Stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, EasyBuy).
  • Earn 5 Reward Points per Rs. 100 spent on Dining, Movies, and International spends.
  • Earn 1 Reward Point per Rs. 100 on other retail purchases.
  • Milestone benefits include up to 16,000 bonus Reward Points annually (e.g., 8,000 RP on Rs. 2 Lakh annual retail spend).
  • 2,000 Reward Points on annual card renewal.
  • 1% fuel surcharge waiver (capped at Rs. 100/month).
  • Instant redemption of Reward Points at partner stores.
  • Contactless payment feature for quick and secure transactions.
  • Accepted globally at over 24 million outlets.
  • Access to cash withdrawals from over 1 million Visa ATMs worldwide.
  • Facilities like Flexipay EMI, Add-on Cards, Easy Bill Pay, and Balance Transfer on EMI.
• Negative Highlights:
  • Joining and Annual Fee of Rs. 499 + taxes.
  • Rewards Redemption Fee of Rs. 99 per request.
  • Foreign Currency Markup of 3.5% + taxes.
  • Interest Rate of 3.5% per month (42% per annum).
  • Cash Advance Charges of 2.5% or minimum Rs. 500.
  • No reward points on fuel, rental, government, gaming, wallet, or EMI transactions.
  • No complimentary airport lounge access, golf, or insurance benefits.

Other Details

• How to Apply: Applicants can apply for the Lifestyle Home Centre SBI Card online via the SBI Card’s official website or chatbot ILA, or offline by visiting the nearest SBI branch with all required documents. The SBI Card Helpline (1860 180 1290 or 39 02 02 02, prefixing local STD code) can also assist.
• The card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India, wherever Visa is accepted.
• Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted for payments.
• All applicable taxes would be charged on all fees, interest, and charges.
• The value proposition of the co-brand product may be jointly funded by SBI Card and the co-brand partner based on their financial arrangement.
• Continued use of the card will be deemed as acceptance of any amendments in the Terms and Conditions.
• Any disputes arising out of the offer between the Cardholder and SBICPSL shall be subject to arbitration by a sole arbitrator appointed by SBICPSL, conducted as per the provisions of the Arbitration and Conciliation Act, 1996, in New Delhi, with the language of arbitration being English.
• SBICPSL may engage agents and/or third parties for marketing, sales, or other related services.
• For detailed terms and conditions, refer to the Most Important Terms & Conditions document available on the SBI Card website.