Reliance SBI Card – Benefits, Fees & Eligibility

Introduction

The Reliance SBI Card is an entry-level co-branded shopping credit card launched by SBI Card, designed to offer enhanced rewards and privileges, particularly for customers who frequently shop at Reliance Retail Stores. It comes with a reasonable joining fee and provides welcome benefits in the form of Reliance Retail Vouchers and additional discount vouchers. Key differentiating benefits include accelerated reward points on purchases at Reliance stores, dining, and movies, along with a spend-based annual fee waiver.

Welcome Benefits

• Get Reliance Retail Vouchers worth ₹500 upon payment of the joining fee.
• Receive additional discount vouchers worth ₹3,200 for various participating Reliance Retail Stores.
  • These vouchers are delivered within 30 days post the realization of the joining fees.
  • The final payment for purchases using these vouchers must be made with your Reliance SBI Card.
  • Specific discount vouchers include:
    • Reliance Trends – Apparel and Footwear: ₹500 voucher on a minimum purchase of ₹2,499.
    • AJIO: ₹250 voucher on a minimum purchase of ₹1,499.
    • Centro: ₹500 voucher on a minimum purchase of ₹3,000.
    • Zivame/Clovia: ₹300 voucher on a minimum purchase of ₹1,199.
    • Coverstory: ₹250 voucher on a minimum purchase of ₹1,499.
    • JioMart: ₹100 voucher on a minimum purchase of ₹500.
    • Urban Ladder: ₹500 voucher on a minimum purchase of ₹4,999.
    • Netmeds (Online): ₹300 voucher on a minimum purchase of ₹1,499.
    • Fashion Factory: ₹500 voucher on a minimum purchase of ₹1,499.
  • These vouchers can only be used once.

Fees

• Joining Fee: ₹499 + GST.
• Annual Fee: ₹499 + GST (from the second year onwards).
• Add-on Card Fee: Nil.
• Spend-Based Waiver: The annual fee is reversed if annual spends for the last year are ₹1,00,000 or more in a card anniversary year.
• Rewards Redemption Fee: ₹99.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.75% Per Month (equivalent to 45% Annually).
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500 and ₹3,000 at all petrol pumps across India. A maximum fuel surcharge waiver of ₹100 can be availed per statement cycle.
• Cash Advance Charges: 2.5% of the transaction amount or a minimum of ₹500, whichever is higher.

Rewards

• Earn 10 Reward Points per ₹100 spent on AJIO & JioMart Online Stores (excluding UPI payments).
• Earn 5 Reward Points per ₹100 spent at other participating Reliance Retail Stores (excluding UPI payments).
• Earn 5 Reward Points per ₹100 spent on dining & movies.
• Earn 1 Reward Point per ₹100 spent on other retail purchases (excluding fuel, property rental, and wallet uploads).
• Earn 1 Reward Point at Reliance Retail Stores when making payments with your UPI application.

Milestone Benefits

• Get Reliance Retail Vouchers on achieving annual spend milestones:
  • ₹500 worth Reliance Retail Voucher on annual spends of ₹25,000.
  • ₹750 worth Reliance Retail Voucher on annual spends of ₹50,000.
  • ₹1,000 worth Reliance Retail Voucher on annual spends of ₹80,000.
• Gift Vouchers are redeemable only at participating Reliance Retail Stores.

Instant Discounts & Offers

• Reliance Trends – Apparel and Footwear: 5% instant discount up to ₹250 per month.
• AJIO: 5% instant discount up to ₹250 per month.
• Zivame: 5% instant discount up to ₹250 per month.
• Coverstory: 5% instant discount up to ₹250 per month.
• Urban Ladder: 5% instant discount up to ₹250 per transaction.
• JioMart: 5% cashback in JioMart Wallet up to ₹250 per month.
• Payment must be made through the Reliance SBI Card to avail these discounts.

Network Privileges

• RuPay Network Benefits:
  • Up to 15% cashback on hotels and flight bookings at MakeMyTrip.
  • Up to 20% off on ZoomCar.
  • Up to 15% off on shopping at Lifestyle Stores.
• Mastercard Network Benefits:
  • Up to 12% instant discount on hotel bookings worldwide via Agoda.
  • Up to 15% off at Apollo Pharmacy.
  • Up to 15% discount on Room Bookings and Food & Beverage at Lalit Hotels.

Rewards Redemption Guide

• The value of 1 Reward Point is ₹0.25.

Card Review

• Overall Verdict: The Reliance SBI Card is an excellent entry-level credit card, particularly well-suited for individuals who frequently shop at Reliance stores. It offers a combination of low fees and a rewarding points structure.
• Pros:
  • Earn accelerated 5 Reward Points on dining and movie spends.
  • Features a low and reasonable joining fee of ₹499.
  • As a RuPay Credit Card, it can be conveniently linked to UPI applications for easy payments.
• Cons:
  • Does not provide complimentary lounge access, a feature offered by some other entry-level cards.
  • Its primary benefits are concentrated towards customers who make regular purchases from Reliance stores, limiting its universal appeal.

Important Product Details

• This is a co-branded shopping credit card offered by SBI Card.
• It comes with a joining and annual fee of ₹499 + GST.
• Welcome benefits include Reliance Retail Vouchers worth ₹500 and additional discount vouchers worth ₹3,200.
• Cardholders earn accelerated Reward Points on purchases made at Reliance Stores, as well as on dining and movie spends.
• The annual fee can be waived by spending ₹1 Lakh in a card anniversary year.
• A 1% fuel surcharge waiver is provided on transactions within a specified range.
• The card does not offer complimentary airport lounge access.
• Being a RuPay Credit Card, it can be linked to UPI applications for seamless payments.
• It boasts global acceptance at over 24 million outlets and allows cash withdrawals from over 1 million RuPay/MasterCard ATMs worldwide.
• The card supports contactless payment technology for fast and secure transactions.
• Eligible purchases of ₹2,500 or more can be converted into easy monthly EMIs through Flexipay.
• Add-on cards are available for family members (parents, spouse, children, or siblings above 18 years of age).
• An Easy Bill Pay facility is available for paying electricity, telephone, mobile, and other utility bills.
• Cardholders can transfer outstanding balances from other banks’ credit cards to their Reliance SBI Card at a lower interest rate and repay in easy EMIs using the Balance Transfer on EMI facility.

Other Details

• Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted for payment.
• All applicable taxes will be charged on all fees, interest, and other charges.
• The value proposition of this 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 to the Terms and Conditions.
• For assistance, cardholders can contact the SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
• 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 as per the Arbitration and Conciliation Act, 1996.
• SBICPSL may engage agents and/or third parties for providing marketing, sales, or other related services concerning its products.