SBI Shaurya Select Credit Card – Benefits, Fees & Eligibility

Introduction

The Shaurya Select SBI Card is an exclusive credit card specifically designed for individuals dedicated to serving the nation in the Indian defense services, including the Army, Navy, Airforce, and Paramilitary forces. This card offers a comprehensive suite of rewarding programs and unique privileges, aiming to provide significant value and convenience to its esteemed cardholders. Key benefits include accelerated Reward Points on essential spending categories such as dining, movies, departmental stores, and groceries, alongside substantial milestone rewards, complimentary personal accidental insurance, and domestic airport lounge access.

Welcome Benefits

• The first year annual fee for the card is waived off.

Fees

• Joining Fee: Nil
• Renewal Fee (per annum): Rs. 1,499 + GST, applicable from the second year onwards.
• Spend-Based Waiver: The renewal fee is reversed if annual spends in the preceding year amount to Rs. 1,50,000 or more.
• Add-on Fee (per annum): Nil
• Rewards Redemption Fee: A charge of Rs. 99 is applicable for every redemption request.
• Foreign Currency Markup: 3.5% on all foreign currency transactions.
• Interest Rates: 2.75% per month (equivalent to 33% annually).
• Fuel Surcharge: 1% fuel surcharge waiver on all fuel transactions ranging between Rs. 500 and Rs. 4,000.
• Cash Advance Charges: 2.5% of the withdrawn amount, with a minimum charge of Rs. 500.
• All applicable taxes will be charged on all fees, interest, and other charges.

Rewards

• Reward Points Earning

  • Earn 10 Reward Points for every Rs. 100 spent on Dining, Movies, Departmental Stores, and Grocery purchases (including CSD canteen spends).
  • Earn 2 Reward Points for every Rs. 100 spent on all other categories.
  • No Reward Points are accrued on fuel transactions and cash withdrawals.

• Renewal Benefit

  • Receive 1,500 bonus Reward Points annually upon payment of the card's renewal fee.

• Milestone Rewards

  • Get a Pizza Hut e-Voucher worth Rs. 500 upon achieving spends of Rs. 50,000 in a calendar quarter. The e-voucher is dispatched to the registered mobile number within 30 days.
  • Receive an e-Gift Voucher worth Rs. 7,000 from Yatra or Pantaloons when annual spends reach Rs. 5 Lakhs. An SMS is sent within 30 days to choose the desired e-Gift Voucher option.

• Complimentary Insurance Cover

  • Avail a complimentary Personal Accidental Insurance Cover of Rs. 10 Lakh, provided by RuPay.

• Fuel Surcharge Waiver

  • Enjoy a 1% fuel surcharge waiver at all petrol pumps across the country.
  • This benefit is valid for transactions between Rs. 500 and Rs. 4,000 only.
  • The maximum waiver is capped at Rs. 250 per month/statement cycle.

• Domestic Airport Lounge Program

  • Effective March 15, 2024, enjoy the privilege of 4 complimentary Domestic Airport Lounge visits every year, limited to one visit per quarter.

• Additional Benefits

  • Benefit from 24x7 concierge services, offering assistance with gift delivery, flower delivery, restaurant referrals, courier services, car rental, and limousine referrals, among other services.

Rewards Redemption Guide

• Reward Points earned can be utilized to pay down the outstanding balance on your credit card.
• For outstanding balance payments, 4 Reward Points are equivalent to Rs. 1 (i.e., 1 Reward Point = Re. 0.25).
• Alternatively, you can redeem your accumulated Reward Points against a diverse selection of gifts available through the SBI Card Rewards Catalogue.

Card Eligibility Criteria

• The Shaurya Select SBI Card is exclusively offered to Indian defense personnel, specifically those serving in the Army, Navy, Airforce, and Paramilitary services.

Card Review

The Shaurya Select SBI Card is a thoughtfully designed credit card for Indian defense personnel, serving as a token of pride with its embossing reflecting the cardholder's service branch. It excels in delivering value through accelerated reward points on common expenditure categories such as dining, movies, departmental stores, and groceries, facilitating notable savings. The card's milestone benefits, including Pizza Hut e-vouchers for quarterly spends and substantial Yatra/Pantaloons e-vouchers for higher annual spends, further enhance its appeal. Coupled with complimentary personal accidental insurance, domestic lounge access, and a fuel surcharge waiver, this card presents a comprehensive and highly beneficial package. It is an excellent recommendation for eligible defense personnel who seek a credit card that aligns with their lifestyle and offers significant privileges and savings.

Important Product Details

• This card is exclusively for defense personnel (Army, Navy, Airforce, Paramilitary).
• The first year annual fee is waived.
• The renewal fee of Rs. 1,499 (plus GST) is applicable from the second year, with a waiver available upon annual spends of Rs. 1,50,000 or more.
• Cardholders earn 10 Reward Points per Rs. 100 on Dining, Movies, Departmental Stores & Grocery (including CSD canteen) spends.
• Earn 2 Reward Points per Rs. 100 on all other spends.
• A bonus of 1,500 Reward Points is provided annually upon renewal fee payment.
• Receive a Pizza Hut e-Voucher worth Rs. 500 on quarterly spends of Rs. 50,000.
• An e-Gift Voucher worth Rs. 7,000 from Yatra or Pantaloons is awarded for annual spends of Rs. 5 Lakhs.
• Includes a complimentary Personal Accidental Insurance Cover of Rs. 10 Lakh.
• Offers a 1% Fuel Surcharge Waiver on transactions between Rs. 500 and Rs. 4,000, capped at Rs. 250 per month.
• Provides 4 complimentary Domestic Airport Lounge visits annually (1 per quarter).
• Comes with Zero Liability Protection against unauthorized transactions.
• Add-on cards can be issued for eligible family members (parents, spouse, children, and siblings) aged 18 and above.

Other Details

• The physical credit card is embossed with the cardholder's specific service branch, such as AIRFORCE, ARMY, NAVY, or PARAMILITARY.
• Worldwide Acceptance: The Shaurya Select SBI Card is accepted at over 44 million merchant locations across 190 countries globally and at 3.7 million terminals in India. Look for Pulse, Discover & Diners Plus signages for international acceptance.
• Cash on the Go: Cardholders have the facility to withdraw cash from over 2 million global ATMs in 190 countries/territories, including more than 43,000 SBI ATMs within India. International acceptance is indicated by Pulse, Discover & Diners Plus signages.
• Utility Bill Payment Facility: Conveniently pay various utility bills, including electricity, telephone, and mobile, using the Easy Bill Pay service.
• Balance Transfer on EMI: You can transfer outstanding balances from credit cards of other banks to your Shaurya Select SBI Card and convert them into easy monthly installments at a lower interest rate.
• Flexipay: Any purchase of Rs. 2,500 or more made with the card can be converted into Flexipay (easy monthly installments) by logging into sbicard.com within 30 days of the purchase.
• Payment Acceptance: Only local cheques or drafts payable in Delhi are accepted for card payments. Cheques payable outside of clearing zones are not accepted.
• For assistance, cardholders can contact the SBI Card helpline by dialing 39 02 02 02 (prefix local STD code) or 1860 180 1290.