Tata Neu Infinity SBI Card – Benefits, Fees & Eligibility

Introduction

The Tata Neu Infinity SBI Card is designed to offer extensive privileges, particularly for users engaged with the Tata ecosystem. This credit card provides significant value back as NeuCoins on spends across Tata Neu App/Website and partner Tata Brands, alongside benefits like complimentary airport lounge access, fuel surcharge waivers, and a low foreign currency markup. It aims to enhance the lifestyle and travel experiences of its cardholders with a comprehensive rewards program and various financial flexibility options.

Welcome Benefits

• Get 1,499 NeuCoins (1 NeuCoin = Re 1 savings) credited to the cardholder’s Tata NeuPass account.
• NeuCoins will be credited within 15 days of the realization of the Joining Fee.
• These NeuCoins can be redeemed on the Tata Neu App/Website and partner Tata Brands.

Fees

• Joining Fee (one-time): Rs. 1,499 + Taxes
• Renewal Fee (per annum): Rs. 1,499 + Taxes (from the second year onwards)
• Spend-Based Waiver: The Annual Fee will be reversed on annual spends of Rs. 3 Lakh or more. This fee reversal is preconditioned on the fee being levied during the renewal cycle.
• Add-on Fee (per annum): Nil
• Foreign Currency Markup: Enjoy the lowest Foreign Currency Mark-up Charge of 1.99% on International usage.
• Fuel Surcharge Waiver:
  • A 1% fuel surcharge waiver is applicable on transactions between Rs. 500 and Rs. 4,000 at any petrol pump across India.
  • This waiver is exclusive of GST and other charges.
  • The maximum fuel surcharge waiver is Rs. 500 per statement cycle, per credit card account.
• Taxes: All applicable taxes will be charged on all fees, interest, and other charges.
• For information regarding other fees and applicable charges, refer to the Most Important Terms & Conditions.

Rewards

• Reward Points on Spends:
  • Earn 5% value back as NeuCoins on Non-EMI spends made on the Tata Neu App/Website and partner Tata Brands.
  • Receive an extra 5% value back as NeuCoins on select category spends on the Tata Neu App/Website.
  • Get 1.5% value back as NeuCoins on all other spends, including UPI transactions (applicable on RuPay Variant).
  • 1 NeuCoin is equivalent to Re. 1 in savings.
• Domestic Lounge Access:
  • Enjoy 8 complimentary domestic airport lounge accesses per year.
  • Access is capped at 2 visits per quarter.
  • This benefit is applicable upon achieving Rs. 75,000 in spends in the previous quarter.
  • To avail the offer, use your Tata Neu Infinity SBI Credit Card at the respective lounges.
• International Lounge Access:
  • Receive complimentary membership to the Priority Pass Program, valued at $99.
  • Get 4 complimentary international airport lounge accesses per year, limited to 1 per quarter.
  • To receive your Priority Pass, call customer helpline numbers: 1860 180 1290 or 39020202 (prefix Local STD code).
  • A usage fee of up to $27 + applicable taxes will be charged for visits exceeding the complimentary limit.
  • Only Primary Cardholders are eligible for Priority Pass, and the complimentary membership is valid for 2 years only.
• Fuel Surcharge Waiver:
  • A 1% fuel surcharge waiver is applicable on transactions from Rs. 500 up to Rs. 4,000 at any petrol pump in India.
  • The maximum waiver is Rs. 500 per statement cycle.
• Add-on Cards: Empower your family members (parents, spouse, children, or siblings above 18 years of age) with add-on cards at no additional annual fee.
• Cash Access: Withdraw cash from over 1 million Visa, Mastercard, or American Express ATMs worldwide.
• Easy Bill Pay Facility: Conveniently pay your electricity, telephone, mobile, and other utility bills using your Tata Neu Infinity SBI Card.
• Flexipay: Convert transactions of Rs. 2,500 or more into easy monthly installments. This can be done by logging into sbicard.com within 30 days of purchase.
• Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your Tata Neu Infinity SBI Card to benefit from a lower interest rate and pay back in EMIs. This service is available via sbicard.com.

Rewards Redemption Guide

• NeuCoins earned can be redeemed on the Tata Neu App/Website and partner Tata Brands.
• 1 NeuCoin is equivalent to Re. 1 in savings.
• NeuCoins will be auto-credited to the cardholder’s NeuPass account within 7 working days of the monthly statement cycle.

Important Product Details

• Welcome Benefit: 1,499 NeuCoins upon joining fee realization.
• High Reward Rate: Up to 10% value back as NeuCoins on Tata Neu App/Website and partner Tata Brands (5% base + 5% extra on select categories).
• General Spends: 1.5% value back as NeuCoins on other spends, including UPI.
• Lounge Access: 8 complimentary domestic airport lounge accesses annually (2 per quarter, spend-based) and 4 complimentary international airport lounge accesses annually (1 per quarter) with a complimentary Priority Pass membership.
• Low Forex Markup: A competitive 1.99% foreign currency markup charge.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions (Rs. 500-Rs. 4,000), capped at Rs. 500 per statement cycle.
• Annual Fee: Rs. 1,499 + Taxes, reversible on annual spends of Rs. 3 Lakh or more.
• Financial Flexibility: Offers like Flexipay for converting large transactions into EMIs and Balance Transfer on EMI for managing other credit card dues.
• Security: Chip and PIN enabled for enhanced security.
• Add-on Cards: Available for family members at no extra cost.

Other Details

• Terms and Conditions: Detailed Terms and Conditions and Usage Directions are available on the SBI Card website.
• NeuCoins Accrual: NeuCoins accrual in the SBI card system is based on an updated MID list, reviewed monthly.
• Capping Information: For details regarding capping on rewards and benefits, refer to the Terms and Conditions.
• Customer Helpline: For assistance, call SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Payment Settlement: Information regarding the order of payment settlement is available.
• Cheque Payments: Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
• Co-brand Product Funding: The value proposition of this co-brand product may be jointly funded by SBI Card and the co-brand partner, involving fee and revenue sharing.
• 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.
• ATM/Drop box Locator: Facility to locate the nearest drop box, ATM, or cash payment outlet.
• Track Application: Users can track their SBI Card application status online.
• Simply SMS: Get instant information by sending an SMS to 5676791 from your registered mobile number.
• Disclaimer: Users are advised to acknowledge a disclaimer before being redirected to third-party sites for services like bill payments, as SBI Card does not warrant the accuracy or completeness of materials on such sites.