Spar SBI Card SELECT – Benefits, Fees & Eligibility

Introduction

The Spar SBI Card SELECT is designed to offer significant privileges, especially for shopping enthusiasts. Cardholders can enjoy accelerated reward points on spending at popular Landmark Stores like Lifestyle, Home Centre, Max, and Spar, as well as on dining and movies. It also provides substantial milestone benefits, a fuel surcharge waiver, and the convenience of contactless payments, making it a rewarding choice for everyday purchases and lifestyle spending.

Welcome Benefits

• Get 6,000 bonus reward points, equivalent to INR 1,500, upon payment of the annual fees.
• Reward Points will be credited to the cardholder's account within 30 days of annual fee payment.

Fees

• Annual Fee (one-time): Rs. 1499 + GST
• Renewal Fee (per annum): Rs. 1499 + GST
• Add-on Fee (per annum): Nil
• Fuel Surcharge Waiver:
  • Enjoy a 1% fuel surcharge waiver across all petrol pumps in India.
  • Applicable on transactions between Rs. 500 and Rs. 3,000, exclusive of GST and other charges.
  • Maximum surcharge waiver of Rs. 100 per statement cycle per credit card account.
• For detailed information regarding other fees and applicable charges, refer to the Most Important Terms & Conditions.

Rewards

• Earning Reward Points:
  • Earn 10 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max, and Spar), Dining & Movies.
  • Earn 2 Reward Points per Rs. 100 spent on other retail purchases (Non-fuel).
  • 1 Reward Point is equivalent to Rs. 0.25 (4 Reward Points = 1 Rs.).
• Milestone Benefits:
  • Cumulative milestone benefit up to 34,400 Reward Points, worth Rs. 8,600.
  • Earn 12,000 bonus Reward Points on overall annual retail spends of Rs. 300,000.
  • Earn 2,400 bonus Reward Points on annual spends of Rs. 25,000 across all Landmark Stores.
  • Earn 8,000 bonus Reward Points on annual spends of Rs. 75,000 across all Landmark Stores.
  • Earn 12,000 bonus Reward Points on annual spends of Rs. 150,000 across all Landmark Stores.
• Renewal Benefit:
  • Get 6,000 Reward Points, worth Rs. 1,500, on payment of renewal fees.
  • Reward Points will be credited to the cardholder's account within 30 days of fee payment.

Rewards Redemption Guide

• Redeem your Reward Points instantly at Lifestyle, Home Centre, Spar, and Max stores.
• Convert your Reward Points into Landmark rewards to receive dual benefits.

Important Product Details

• Contactless Advantage:
  • Facilitates easy daily purchases by simply waving the card at a secure reader.
  • Offers fast and convenient transactions without needing to hand over the card or search for cash/coins for small purchases.
  • Ensures security as the card remains in your hand, reducing the risk of loss and skimming fraud.
  • Visa payWave's unique security key feature ensures only one transaction goes through even if the card is waved multiple times.
• Flexipay:
  • Convert any purchase worth Rs. 2,500 or more into easy monthly installments (EMI).
  • This service can be availed by logging onto sbicard.com within 30 days of the purchase.
• Balance Transfer on EMI:
  • Transfer outstanding balances from other bank credit cards to your Spar SBI Card SELECT.
  • Avail a lower rate of interest and pay back in easy EMIs.
  • This service can be availed by logging onto sbicard.com with your user ID and password.
• Worldwide Acceptance:
  • The Spar SBI Card SELECT is accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
  • Use your card for payments at any outlet that accepts Visa.
• Add-on Cards:
  • Empower family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards.
• 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.

Other Details

• Terms and Conditions: Detailed Terms and Conditions and Usage Directions are available via a provided link.
• Order of Payment Settlement: Information regarding the order of payment settlement for a cardholder account is available via a provided link.
• Important Information:
  • Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
  • All applicable taxes will be charged on 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, with fee and revenue sharing between the parties.
• Customer Assistance: For assistance, call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• All information provided is subject to change at the discretion of SBICPSL. The Most Important Terms and Conditions are also available on www.sbicard.com.