Spar SBI Card – Benefits, Fees & Eligibility

Spar SBI Card

Introduction

The Spar SBI Card is designed to offer significant privileges, particularly for shopping, dining, and movies. Cardholders can enjoy a welcome bonus, accelerated reward points on spends at Landmark Stores, dining, and movies, along with valuable milestone benefits and a fuel surcharge waiver. This card aims to provide a rewarding experience for everyday purchases and larger annual spends.

Welcome Benefits

• Get 2,000 bonus reward points, equivalent to INR 500, upon payment of the annual fees.
• Reward Points will be credited to the cardholder's account within 30 days of annual fee payment.

Fees

• Joining Fee: Rs. 499 + GST
• Renewal Fee: Rs. 499 + GST (per annum)
• Add-on Fee: Nil (per annum)
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver across all petrol pumps in India on transactions ranging from Rs. 500 to Rs. 3,000 (exclusive of GST and other charges).
• Fuel Surcharge Waiver Limit: Maximum surcharge waiver of Rs. 100 per statement cycle per credit card account.
• For detailed information regarding other fees and applicable charges, please refer to the Most Important Terms & Conditions.

Rewards

• Earn 5 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, and Spar), Dining & Movies.
• Earn 1 Reward Point per Rs. 100 spent on other retail purchases (Non-fuel).
• Reward Point Value: 4 Reward Points = 1 Rs.
• Milestone Benefits:
  • Cumulative milestone benefit up to 16,000 Reward Points, worth Rs 4,000.
  • Earn 8,000 bonus Reward Points on overall annual retail spends of Rs 200,000.
  • Earn 1,000 bonus Reward Points on annual spends of Rs 20,000 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 payment of renewal fees.
  • Reward Points will be credited to the cardholder's account within 30 days of fee payment.
• Convert your Reward Points into Landmark rewards to receive dual benefits.

Rewards Redemption Guide

• Redeem your Reward Points instantly at Lifestyle, Home Centre, Spar, and Max stores.
• You can also convert your Reward Points into Landmark rewards.

Important Product Details

• Annual Fee: Rs. 499 + GST
• Renewal Fee: Rs. 499 + GST
• Add-on Fee: Nil
• Reward Point Earning:
  • Earn 1 Reward Point on every Rs. 100 spent using the Spar SBI Card.
  • Convert Reward Points into Landmark rewards for dual benefits.
• Contactless Advantage:
  • Facilitates easy daily purchases by simply waving the card at a secure reader.
  • Offers fast and convenient transactions, eliminating the need for cash or coins for small purchases.
  • Enhances security as the card remains in your hand, reducing risks of card loss and skimming.
  • Visa payWave's unique security key ensures only one transaction is processed even if the card is waved multiple times.
• Worldwide Acceptance:
  • The Spar SBI Card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
  • Can be used for payments at any outlet that accepts Visa.
• Add-on Cards:
  • Provide add-on cards for family members including parents, spouse, children, or siblings above 18 years of age.
• Cash on the Go:
  • Withdraw cash from over 1 million Visa ATMs across the globe.
• Utility Bill Payment Facility:
  • Pay electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.
• Balance Transfer on EMI:
  • Transfer outstanding balances from other banks’ credit cards to your Spar SBI Card.
  • Benefit from a lower interest rate and repay in easy monthly installments (EMIs).
  • This service can be availed by logging into sbicard.com with your user ID and password.
• Flexipay:
  • Convert any purchase of Rs. 2,500 or more into easy monthly installments.
  • To convert a transaction into Flexipay, log in to sbicard.com within 30 days of the purchase.

Other Details

• Terms and Conditions: Detailed Terms and Conditions and Usage Directions are available via a specific PDF link.
• Fees and Charges: For comprehensive information regarding fees and other applicable charges, refer to the Most Important Terms & Conditions.
• Order of Payment Settlement: All payments made for a cardholder account are settled in a specific order, which is detailed on the SBI Card website.
• Payment Acceptance:
  • Cheques payable outside clearing zones are not accepted.
  • Only local cheques or drafts payable in Delhi are accepted.
• Taxes: All applicable taxes (including GST) will be charged on all fees, interest, and other charges.
• Co-brand Product Funding: The value proposition of this co-brand product may be jointly funded by SBI Card and the co-brand partner, which may involve fee and revenue sharing between the two parties.
• Helpline: For assistance, contact the SBI Card helpline by dialing 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Information Accuracy: All information provided is correct as per July 2018 and is subject to change at the discretion of SBICPSL.
• Most Important Terms and Conditions: These are also available on the SBI Card website.
• Contact Information (SBI Cards and Payment Services Limited):
  • Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi 110034.
  • CIN: L65999DL1998PLC093849.
• ATM/Drop box Locator: A facility is available to locate the nearest Drop box, ATM, or Pay Cash outlet.
• Track Application: Card applicants can track their application status online.
• Simply SMS: Instant information can be obtained by sending an SMS to 5676791 from your registered mobile number.