Tata Neu Infinity SBI Card – Benefits, Fees & Eligibility

Introduction

The Tata Neu Infinity SBI Card, issued by SBI Card, is positioned as a premium co-branded credit card designed to offer significant rewards and benefits, particularly for users engaged with the Tata ecosystem. Its key differentiating features include a low foreign currency markup of 1.99%, substantial NeuCoins earnings on Tata brand spends, and comprehensive domestic and international airport lounge access.

Welcome Benefits

• Get 1,499 NeuCoins (1 NeuCoin = Re. 1 savings) within 15 days of Joining Fee realisation.
• NeuCoins can be redeemed on the Tata Neu App/Website and partner Tata Brands.

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.
• Spend-Based Waiver:
  • Annual Fee reversal on annual spends of Rs. 3 lakhs or more.
  • Renewal Fee will be reversed within 30 days from the Annual fee charged date.
  • Eligibility for reversal is based on achieving the required Net Retail Spends (retail spends minus reversals) on eligible transactions during the 365 days immediately preceding the annual fee billing date.
• Foreign Currency Markup: Lowest Foreign Currency Mark-up Charge of 1.99% on international usage.
• Fuel Surcharge:
  • Enjoy a 1% fuel surcharge waiver on every transaction between Rs. 500 and Rs. 4,000 at all petrol pumps across India.
  • Maximum waiver of Rs. 500 per statement cycle.
• Cash Advance Charges: The specific fee for cash advances is not provided, though the facility is available.
• International Lounge Usage Fee: Post complimentary visits, a usage fee of $27 + applicable taxes will be charged per Priority Pass lounge visit.
• Interest Rates: Specific interest rates for revolving credit are not provided in the available information.

Rewards

• NeuCoins Earning:
  • Get 5% Value Back as NeuCoins on non-EMI spends at the Tata Neu App / Website and partner Tata brands.
  • Earn Extra Value Back as NeuCoins – Upto 5% on select category spends at the Tata Neu App / Website.
  • Receive 1.5% Value Back as NeuCoins on other spends, including UPI transactions (on the RuPay Variant).
  • 1 NeuCoin = Re. 1 savings.
  • NeuCoins will be auto-credited to the cardholder's NeuPass account within 7 working days of the monthly statement cycle.
  • NeuCoins accrual in the SBI card system will be done as per the updated MID list, which shall be reviewed on a monthly basis.
• Domestic Lounge Benefits:
  • 8 complimentary domestic airport lounge accesses per year (2 per quarter).
  • Applicable on achieving Rs. 75,000 spends in the previous quarter.
• International Lounge Benefit:
  • Complimentary membership to the Priority Pass Program worth $99.
  • 4 complimentary international airport lounge accesses per year (1 per quarter).
  • Post complimentary visits, a usage fee of $27 + applicable taxes will be charged per Priority Pass lounge visit.
  • Priority Pass and complimentary membership will be valid for 2 years only.

Rewards Redemption Guide

• NeuCoins can be redeemed on the Tata Neu App/Website and partner Tata Brands.
• Each NeuCoin is equivalent to Re. 1 in savings.

Important Product Details

• Positive Highlights:
  • Lowest Foreign Currency Mark-up Charges of 1.99% on international usage.
  • High reward rate of 5% NeuCoins on spends within the Tata Neu App/Website and partner Tata brands.
  • Generous domestic airport lounge access (8 per year, 2 per quarter).
  • Complimentary Priority Pass membership and 4 international airport lounge accesses per year.
  • Annual fee reversal on achieving Rs. 3 lakhs in annual spends.
  • 1% fuel surcharge waiver with a maximum of Rs. 500 per statement cycle.
  • NeuCoins offer a direct value of 1 NeuCoin = Re. 1.
  • Add-on cards available for family members.
  • Enhanced security with chip and PIN enabled card.
  • Flexipay EMI option for converting eligible purchases of Rs. 2,500 or more.
  • Balance Transfer on EMI facility to save on credit card repayments.
  • Easy Bill Pay facility for utility bills.
  • Cash access available at over 1 million Visa, Mastercard or American Express ATMs globally.
• Conditions and Limitations:
  • Domestic lounge access is conditional on achieving Rs. 75,000 spends in the previous quarter.
  • Complimentary Priority Pass membership and international lounge access are valid for 2 years only.
  • A fee of $27 + applicable taxes is charged for international lounge visits after exhausting complimentary accesses.
  • Fuel surcharge waiver has transaction limits (Rs. 500 to Rs. 4,000) and a maximum waiver cap (Rs. 500 per statement cycle).
  • Annual fee waiver is dependent on achieving Rs. 3 lakhs in annual retail spends.
  • NeuCoins accrual is subject to an updated MID list, reviewed monthly.
  • Specific interest rates for revolving credit are not detailed.

Other Details

• Add-on Cards: Empower your family with add-on cards for parents, spouse, children, or siblings above the age of 18.
• Security: The Tata Neu Infinity SBI Card is chip and PIN enabled for enhanced security against counterfeiting and skimming.
• Easy Bill Pay Facility: Pay electricity, telephone, mobile, and other utility bills.
• Flexipay EMI: Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Balance Transfer on EMI: Transfer outstanding balances of other banks’ credit cards to your Tata Neu Infinity SBI Card at a lower interest rate and repay in easy EMIs.
• Cash Access: Withdraw cash from over 1 million Visa, Mastercard or American Express ATMs across the globe.
• Payment Acceptance: Cheques payable outside clearing zones are not accepted; payments are accepted through local cheques or drafts payable in Delhi only.
• General Terms: All applicable taxes would be charged on fees, interest, and other charges. Continued use of the card implies acceptance of amendments in Terms and Conditions.
• Customer Support: For assistance, call SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).