SBI Mastercard World Debit Card – Benefits, Fees & Eligibility

Introduction

The SBI Mastercard World Debit Card, issued by the State Bank of India, is positioned as a premium debit card on the Mastercard network, offering enhanced transaction capabilities and a comprehensive suite of lifestyle and travel benefits. Key differentiating features include higher daily cash withdrawal and transaction limits, complimentary domestic lounge access, extensive insurance coverage, and a robust rewards program with accelerated earning opportunities.

Welcome Benefits

• Earn up to 300 Bonus Reward Points by making 3 PoS or E-commerce transactions of a minimum amount of Rs. 2,000 each within 2 months of issuance:
  • 1st PoS/E-commerce transaction: 50 points
  • 2nd PoS/E-commerce transaction: 100 points
  • 3rd PoS/E-commerce transaction: 150 points

Fees & Charges Breakdown

• Information regarding Card Issuance Fee and Annual Maintenance Charges is not directly provided on this page; users are directed to a separate link for debit card related charges.
• No information on Reward Redemption Fee, Foreign Currency Markup, Interest Rates (for the debit card), Fuel Surcharge Waiver rules, or Cash Advance Charges is provided.

Rewards & Cashback Structure

• Earn up to 10,000 SBI Reward Points every month, with a cap of Rs. 1,000 per transaction.
• Standard Earning Rate: Earn 2 Reward Points for every Rs. 200 spent with your SBI World Debit Card through PoS and E-commerce transactions.
• Milestone Bonus: Earn 1,000 Bonus Reward Points on PoS and E-commerce spends of ₹1 lakh or more in a month (excluding spends on MCC-6540).
• Birthday Bonus: Earn 2x Reward Points on spends made with your Debit Card during your birthday month.
• International Payments: Earn 2x Reward Points on international spending, whether online or in-store.
• Partner Brands: Earn extra Reward Points on purchases via SBI Rewardz with partner brands.
• Redemption Options:
  • Redeem SBI Reward Points through the "rewardz.sbi" website and SBI Rewardz App for merchandise, FASTag recharge, bill payments, DTH recharge, and more.
  • The website is also accessible via Yono and SBI online banking.
  • Redemption facility is available through PoS machines at select outlets.
  • Redeem Reward Points on bookmyshow.com for movie ticket purchases.
  • Redeem Reward Points for flight tickets, bus, and hotel bookings.
  • No convenience fee on flight ticket booking through SBI Rewardz.
• Terms & Conditions: SBI Reward Points are subject to terms and conditions; details about capping, exclusion, and detailed terms are available on "rewardz.sbi" or the SBI Rewardz App.

Travel, Lounge & Lifestyle Perks

• Lounge Access: Complementary access to select Domestic Lounges in India, limited to 2 visits per quarter.

• Complimentary Insurance Cover

  • Personal Accident Insurance Cover:
    • Non-Air (Death Only): INR 10,00,000/- (Available if the debit card was used at least once for a financial transaction on any channel (ATM/PoS/eCom) during the last 90 days from the date of accident).
    • Air (Death only): INR 20,00,000/- (Available if the debit card was used at least once for a financial transaction on any channel (ATM/PoS/eCom) during the last 90 days from the date of accident, and the air ticket for that air travel was purchased using the Debit Card).
  • Purchase Protection Cover: INR 1,00,000/-
  • Add-on Cover:
    • Family Transportation & Transportation of Mortal Remains: INR 50,000/-
    • Checked-in Baggage Loss: INR 25,000/-

• Exclusive Feature Bundle

  • OTT Play: 12 Months Free subscription (SonyLiv + Zee5 + Lionsgate + Fancode + DistroTV) (All screens), provided as 4 vouchers (3-month membership each).
  • Medibuddy: One MediBuddy Smart Health Checkup.
  • CureFit: One month free subscription to CureFit Online.
  • Swiggy One: 12 months free subscription of Swiggy One Lite, provided as 4 vouchers (3-month membership each).
  • BookMyShow: Buy 1 Get INR 200 off on the second ticket, available as 4 vouchers (once per quarter).
  • Tattva Spa: Get INR 1,000 off on 60/90 Min Sessions, available as 2 vouchers (once in 6 months).
  • Yatra: 15% Discount on Domestic/International Flight & Hotel Bookings up to INR 3,000, available as 12 vouchers (once per month).
  • Zoom Car:
    • 15% off up to INR 1,000 for new users (minimum duration: 48 hours).
    • 10% off up to INR 500 (no minimum duration).
    • Multiple uses allowed.
• Additional Perks: Cardholders can also avail complimentary golf rounds, discounts on air tickets, hotels, restaurants, and car rentals. Further offer details are available on the Mastercard Website.

Important Product Details

• Higher cash withdrawal limit from ATMs.
• Higher transaction limits for Online shopping and e-commerce.
• The card is loaded with various exciting features and offers.

Other Details

• Disclaimer: The content provided is a translation using AI capabilities, and users are advised to refer to the English version for clarity in case of ambiguity. SBI assumes no responsibility for any mistakes, omissions, inaccuracies, or typographical errors in the content.

• Daily Transaction Limits (Mastercard World Debit Card)

  • Maximum ATM Cash Withdrawal Limit:
    • Domestic: INR 2,00,000/- per day
    • International: USD equivalent to INR 2,00,000/- per day
  • Maximum PoS Transaction Limit:
    • Domestic: INR 5,00,000/- per day
    • International: USD equivalent to INR 5,00,000/- per day
  • Maximum e-Commerce Transaction Limit:
    • Domestic: INR 5,00,000/- per day
    • International: USD equivalent to INR 1,50,000/- per day and INR 2,50,000/- per month
  • Maximum Contactless Transaction Limit:
    • Domestic: INR 5,000/- per transaction
• All offers/features may be modified or withdrawn and are subject to change from time to time. Terms and Conditions apply.