Lifestyle Home Centre SBI Card – Benefits, Fees & Eligibility

Lifestyle Home Centre SBI Card

Introduction

The Lifestyle Home Centre SBI Card is a shopping-centric credit card designed for individuals who frequently shop at Lifestyle, Home Centre, Max, and Spar stores. This card provides numerous benefits, including generous reward points on spending at these partner stores, as well as on dining and movie expenses. Cardholders can earn substantial milestone benefits, accumulating up to 16,000 reward points annually, valued at Rs. 4,000. Additionally, the card offers an annual renewal benefit of 2,000 reward points. A key highlight is the convenience of instantly redeeming reward points directly at Lifestyle, Home Centre, and Max stores, with the added flexibility to convert them into Landmark Rewards for enhanced value.

Welcome Benefits

• Get 2,000 bonus reward points, equivalent to INR 500, on payment of the annual fees or upon card activation.
• Reward Points will be credited to the cardholder's account within 30 days of annual fee payment.
• Receive Rs. 100 cashback on your first ATM cash withdrawal made within 30 days of card activation.

Fees

• Joining Fee: Rs. 499 + taxes (or GST).
• Renewal Fee: Rs. 499 + taxes (or GST) per annum.
• Add-on Fee: Nil.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.5% per month (42% per annum) on the outstanding amount if not paid by the due date.
• Fuel Surcharge: 1% fuel surcharge waiver for fuel transactions between Rs. 500 to Rs. 3,000. This waiver is exclusive of GST and other charges and is capped at a maximum of Rs. 100 per statement cycle per credit card account.
• Cash Advance Charges: 2.5% of the amount withdrawn or a flat Rs. 500, whichever is higher.
• All applicable taxes would be charged on all fees, interest, and other charges.

Rewards

• Earn 5 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, and Spar), Dining, and Movies.
• Earn 1 Reward point on every Rs. 100 spent on other retail purchases (excluding fuel transactions).
• Milestone Benefits:
  • Cumulative milestone benefit up to 16,000 Reward Points, worth Rs. 4,000 annually.
  • Earn 8,000 bonus Reward Points on overall annual retail spends of Rs. 200,000 or more.
  • Earn 1,000 bonus Reward Points on annual spends of Rs. 20,000 or more across all Landmark Stores.
  • Earn 2,000 bonus Reward Points on annual spends of Rs. 45,000 across all Landmark Stores.
  • Earn 5,000 bonus Reward Points on annual spends of Rs. 95,000 across all Landmark Stores.
• Renewal Benefit: Get 2,000 Reward points worth Rs. 500 on successful payment of the annual renewal fee. These Reward Points will be credited to the cardholder's account within 30 days of the renewal fee payment.
• No reward points are offered on fuel transactions.

Rewards Redemption Guide

• Redeem your Reward Points instantly at Lifestyle, Home Centre, Spar, and Max stores.
• The conversion rate for SBI Reward Points is 4 Reward Points = 1 Rupee.
• You can convert your SBI Reward Points into Landmark Rewards to get a dual benefit.
• Conversion values are:
  • 1 SBI Card Reward Point = Rs. 0.25
  • 1 Landmark Reward = 2.4 SBI Reward Points
  • 1 Landmark Reward = Rs. 0.60
• A Rewards Redemption Fee of Rs. 99 is applicable per redemption request.

Card Eligibility Criteria

• The applicant's age should be between 21 years to 70 years.
• The applicant should have a stable income.
• The credit score of the applicant might also play an important role in the approval process.

Card Review

The Lifestyle Home Centre SBI Card is an excellent choice for individuals who frequently shop at Lifestyle, Home Centre, Max, or Spar stores. It is specifically tailored to provide substantial value back through its rewarding points system on purchases made within these partner stores, as well as on dining and movie expenses. The card stands out with its attractive milestone benefits, offering the potential to earn up to 16,000 bonus reward points annually, equivalent to Rs. 4,000. Furthermore, the annual renewal benefit of 2,000 reward points adds to its long-term value. The flexibility of instant reward point redemption at partner stores and the option to convert them into Landmark Rewards are significant advantages for regular shoppers. While it does not offer premium travel perks like airport lounge access, its core strength lies in maximizing savings and rewards for lifestyle and retail spending within its dedicated co-brand network. This card is best suited for those looking to optimize their spending on everyday shopping and entertainment, particularly at the specified Landmark Group stores.

Important Product Details

• Get 2,000 bonus reward points worth Rs. 500 on card activation/annual fee payment.
• Earn 5 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, and Spar), Dining, and Movies.
• Earn 1 Reward point on every Rs. 100 spent on other retail purchases (non-fuel).
• Cumulative milestone benefit of up to 16,000 Reward Points, worth Rs. 4,000, for annual spends.
• Earn 8,000 bonus Reward Points on overall annual retail spends of Rs. 200,000 or more.
• Additional bonus Reward Points on annual spends across all Landmark Stores: 1,000 RP for Rs. 20,000 spends, 2,000 RP for Rs. 45,000 spends, and 5,000 RP for Rs. 95,000 spends.
• Receive 2,000 Reward points worth Rs. 500 annually upon renewal fee payment.
• Enjoy a 1% fuel surcharge waiver for transactions between Rs. 500 to Rs. 3,000, capped at Rs. 100 per statement cycle.
• No reward points are offered on fuel transactions.
• The card does not offer complimentary airport lounge access.
• Features contactless payment technology for fast, convenient, and secure daily purchases, ensuring only one transaction goes through even if waved multiple times.
• Accepted worldwide at over 24 million outlets globally, including 3,25,000 outlets in India, wherever Visa is accepted.
• Allows for the issuance of Add-on cards for eligible family members (parents, spouse, children, or siblings above 18 years of age).
• Provides Cash on the Go facility, allowing cash withdrawals from over 1 million Visa ATMs across the globe.
• Offers a Utility Bill Payment facility (Easy Bill Pay) for electricity, telephone, mobile, and other utility bills.
• Includes Balance Transfer on EMI option to transfer outstanding balances from other bank credit cards to this card at a lower interest rate, payable in EMIs.
• Offers Flexipay facility to convert transactions of Rs. 2,500 or more into easy monthly installments within 30 days of purchase.

Other Details

• Documents Required:
  • Identity Proof: Aadhar Card, Voters’ ID, PAN Card, Passport, Driving License.
  • Address Proof: Aadhar Card, Utility bills, Driving license, Passport.
  • Income Proof: Latest salary slips, latest bank statements, or latest ITR.
• How To Apply:
  • Applicants can apply online via the official SBI Card website.
  • Alternatively, applications can be submitted offline by visiting the nearest SBI branch with all the required documents.
• Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted for payment.
• The value proposition of this co-brand product may be funded jointly by SBI Card and the co-brand partner, which may involve fee and revenue sharing between the parties.
• For assistance, customers can contact the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Information provided is subject to change at the discretion of SBICPSL.