Nature’s Basket SBI Card Elite – Benefits, Fees & Eligibility

Nature’s Basket SBI Card Elite

Introduction

The Nature’s Basket SBI Card Elite is a premium co-branded credit card launched by SBI Card in partnership with Nature's Basket. This Elite variant is designed to offer substantial benefits, particularly for individuals who frequently shop at Nature’s Basket, but also extends a strong reward rate across other categories. Cardholders are welcomed with a Nature’s Basket gift voucher worth Rs. 5,000 and complimentary access to the exclusive "Connoisseur" Nature’s Basket loyalty program. Beyond its strong earning potential at Nature’s Basket, the card also provides significant reward points for spends on Dining, Movies, Entertainment, and International transactions. As a premium offering, it includes features like airport lounge access, dining benefits, and dedicated concierge services, alongside a spend-based annual fee waiver, making it a comprehensive choice for a wide array of lifestyle needs.

Welcome Benefits

• Nature’s Basket Gift Voucher worth Rs. 5,000 upon card activation.
• Complimentary access to Nature’s Basket loyalty program - Connoisseur.
• Rs. 100 cashback on your first ATM withdrawal within 30 days of receiving the card.

Fees

• Joining Fee: Rs. 4,999 + GST (plus applicable taxes).
• Renewal Fee: Rs. 4,999 + GST (plus applicable taxes).
• Spend-Based Waiver: Annual fee waived off on spending Rs. 10 lakhs or more in the previous year.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup: 3.5% of the transaction amount (plus applicable taxes).
• Interest Rates: 3.5% per month (equivalent to 42% per annum) on the due amount if not cleared by the payment due date.
• Fuel Surcharge: 1% fuel surcharge waiver on all fuel transactions between Rs. 500 and Rs. 4,000. Capped at Rs. 100 per month.
• Cash Advance Charges: 2.50% of the withdrawn amount, subject to a minimum charge of Rs. 500 (whichever is higher).

Rewards

• Rewards Rate
  • 20 Reward Points on every Rs. 100 spent at Nature's Basket website or stores.
  • 10 Reward Points on every Rs. 100 spent on Dining, Movies, Entertainment, and International transactions.
  • 2 Reward Points on every Rs. 100 spent on all other retail purchases (except fuel transactions).
  • For Nature's Basket spends (20 RPs): 15 Reward Points will be credited by SBI Card to your card account, and 5 Reward Points will be credited by Nature’s Basket directly to your Nature’s Basket Loyalty account.
• Movies & Entertainment
  • Rs. 250 off per movie ticket for 2 tickets every month on BookMyShow.
  • Maximum discount of Rs. 500 in a month.
  • This can result in an annual benefit of free movie tickets worth Rs. 6,000.
  • Please note that the convenience fee would still be chargeable.
  • The discount offer is applicable only on movie ticket purchases.
• Dining
  • 10 Reward Points on every Rs. 100 spent on Dining.
• Travel Benefits
  • International Lounge Access:
    • 2 complimentary International Airport Lounge visits every quarter, outside India.
    • Enjoy a complimentary Priority Pass Program membership worth USD 99.
    • A usage fee of USD 27 plus applicable taxes will be charged for visits to the Priority Pass member lounge after exhausting all complimentary visits.
    • The Priority Pass membership is valid for 2 years.
  • Domestic Lounge Access:
    • 2 complimentary Domestic Airport Lounge visits every quarter within India with the Visa Domestic Lounge Program.
• Shopping
  • Best suited for shopping, especially at Nature’s Basket.
  • Complimentary access to the "Connoisseur" Nature’s Basket loyalty program.
• Milestone Benefits
  • Enjoy Taj Gift Vouchers worth Rs. 10,000 on spending Rs. 6 Lakh or more in a year.
• Concierge Service
  • Offers 24×7 concierge services for assistance in Flower Delivery, Gift Delivery, Online Doctor Consultation, and more.
  • To avail of this service, call 1800-2121-68168 or email at support@premiumconcierge.in.
• Fuel Benefits
  • 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 4,000.
  • The maximum fuel surcharge waiver is capped at Rs. 100 per calendar month.

Rewards Redemption Guide

• Reward points can be redeemed for Nature’s Basket loyalty program points or through the Shop and Smile Rewards Catalogue.
• 1 Reward Point is equivalent to Re. 0.25.
• You can convert Reward points into Nature’s Basket points by contacting the SBI Card helpline, using the SBI Card website, or via the Mobile App.
• When earning 20 Reward Points on Nature's Basket spends, 15 points are credited by SBI Card, and the remaining 5 points are credited directly by Nature’s Basket to your Nature’s Basket Loyalty account.

Card Eligibility Criteria

Eligibility Rules

• The applicant’s age should be between 21 years to 70 years.
• The applicant should have a stable income.
• The applicant's credit score might also 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 Nature’s Basket SBI Card Elite is a highly beneficial credit card, particularly for those who frequently shop at Nature’s Basket, offering a leading reward rate on such purchases. While it excels in this niche, it also provides strong reward points for Dining, Movies, Entertainment, and International spending. The card extends its value through premium features such as airport lounge access (domestic and international), significant movie ticket discounts, and a dedicated 24x7 concierge service. With the added benefit of a spend-based annual fee waiver and milestone benefits, it presents a compelling package for Nature’s Basket loyalists and individuals seeking a well-rounded premium lifestyle card. Overall, it earns a rating of 4.5 out of 5.

Important Product Details

• Complementary access to Connoisseur, Nature’s Basket loyalty program.
• Nature’s Basket Gift Voucher worth Rs. 5,000 as a welcome benefit.
• 20 Reward Points on every Rs. 100 spent at Nature’s Basket.
• 10 Reward Points on every Rs. 100 spent at Dining, movie, entertainment, and international spends.
• 2 Reward Points on every Rs. 100 spent on all other retail purchases (except fuel).
• Complimentary access to international airport lounges with Priority Pass membership (2 visits per quarter).
• Complimentary access to domestic airport lounges (2 visits per quarter).
• Rs. 250 off per movie ticket every month, with a maximum of Rs. 500 discount per month.
• Taj Gift Vouchers worth Rs. 10,000 on spending Rs. 6 Lakh or more in a year.
• 1% fuel surcharge waiver for transactions between Rs. 500 and Rs. 4,000, capped at Rs. 100 per month.
• Annual fee waived off on spending Rs. 10 lakhs or more in the previous year.
• 24x7 concierge services available.
• Joining Fee: Rs. 4,999 + GST.
• Renewal Fee: Rs. 4,999 + GST.
• Rewards Redemption Fee: Rs. 99 per request.
• Foreign Currency Markup: 3.5% + applicable taxes.
• Interest Rate: 3.5% p.m. (42% p.a.).
• Cash Advance Charges: 2.50% of withdrawn amount or Rs. 500, whichever is higher.

Other Details

• How to Apply:
  • You can apply for the card online via the SBI Card’s official website.
  • Alternatively, you can apply offline by visiting your nearest SBI branch with all the required documents and filling out a physical application form.
• Contactless Technology: The Nature’s Basket SBI Card Elite is enabled with contactless technology for fast and convenient purchases.
• Add-on Card Facility: You can get add-on cards for your family members against your primary Nature’s Basket SBI Card Elite. Note that some features are limited to the primary cardholder.