Spar SBI Card SELECT – Benefits, Fees & Eligibility

Introduction

The Landmark Rewards SBI Card SELECT, issued by SBI Card, is a co-branded credit card designed to enhance the shopping experience, particularly at Landmark stores. Positioned as a mid-range to premium offering, it provides significant value through its reward program. Key differentiating benefits include a generous welcome bonus of 6,000 reward points, accelerated earnings of 15 reward points per Rs. 100 spent at Landmark stores, and a substantial milestone bonus of 12,000 reward points on achieving an annual retail spend of Rs. 3,00,000.

Welcome Benefits

• Get 6,000 Bonus Reward Points worth Rs. 1,500 on payment of Annual Fees.

Fees

• Joining Fee: Rs. 1,499 + taxes
• Renewal Fee (per annum): Rs. 1,499 + taxes from the second year onwards
• Add-on Fee (per annum): Nil
• Fuel Surcharge Waiver:
  • Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000 at all petrol pumps across India.
  • Maximum waiver of Rs. 100 per statement cycle.
• Other Charges: All taxes would be charged as applicable on all fees, interest, and charges.

Rewards

• Earning Structure:
  • 15 Reward Points on every Rs. 100 spent at Online & retail Landmark Stores (Lifestyle, Home Centre, Max, Spar, Baby shop, and EasyBuy).
  • 10 Reward Points per Rs. 100 spent on Dining, Movies & International spends.
  • 2 Reward Points per Rs. 100 on other retail purchases (excluding Fuel, Rental, Govt Spends, Gaming, Wallet, EMI).
• Reward Point Value: 4 Reward Points = Re. 1.
• Milestone Benefits:
  • 12,000 Bonus Reward Points on overall annual retail spends of Rs. 3,00,000.

Rewards Redemption Guide

• Redeem Reward Points instantly at Lifestyle, Home Centre, Spar, Max, Baby Shop, and EasyBuy stores.

Important Product Details

• Positive Highlights:
  • High reward points on spends at Landmark Stores (15 RP per Rs. 100).
  • Accelerated reward points on Dining, Movies, and International spends (10 RP per Rs. 100).
  • Significant welcome bonus of 6,000 reward points (worth Rs. 1,500).
  • Generous milestone bonus of 12,000 reward points on annual retail spends of Rs. 3,00,000.
  • Nil add-on card fee.
  • 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000.
  • Contactless payment advantage for fast and secure transactions.
  • Global acceptance at over 24 million outlets and 1 million Visa ATMs worldwide.
  • Flexipay EMI option for converting eligible purchases into easy EMIs.
  • Balance Transfer on EMI facility to save on credit card repayments.
  • Easy Bill Pay facility for utility bills.
• Negative Highlights:
  • Annual and renewal fee of Rs. 1,499 + taxes.
  • Fuel surcharge waiver is capped at Rs. 100 per statement cycle.
  • Certain categories like Fuel, Rental, Govt Spends, Gaming, Wallet, and EMI are excluded from general retail purchase reward earnings.

Other Details

• The card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India, and allows cash withdrawals from over 1 million Visa ATMs worldwide.
• Contactless Advantage: Allows for tap & pay transactions, offering speed, convenience, and security. Visa PayWave's unique security key ensures only one transaction is processed even if the card is tapped multiple times.
• Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Add-on Cards: Available for parents, spouse, children, or siblings above the age of 18, with no annual fee.
• Easy Bill Pay Facility: Conveniently pay electricity, telephone, mobile, and other utility bills.
• Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to the Landmark Rewards SBI Card SELECT at a lower interest rate and repay in easy EMIs.
• Application Process: Can be applied for via the SBI Card website (sbicard.com), Chatbot ILA, SBI Card Helpline (39 02 02 02 by prefixing city STD code), or by visiting the nearest SBI branch.
• General Terms: Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted. The value proposition of the co-brand product may be jointly funded by SBI Card and the co-brand partner. Continued use of the card implies acceptance of amendments in all Terms and Conditions. For assistance, contact the SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code). All information is subject to change at the discretion of SBICPSL. Any disputes arising between the Cardholder and SBICPSL shall be subject to arbitration in New Delhi, with proceedings conducted in English. SBICPSL may engage third parties for marketing or sales-related services.