Tata Neu Plus SBI Card – Benefits, Fees & Eligibility

Introduction

The Tata Neu Plus SBI Card is a lifestyle credit card designed to offer significant value back on spends within the Tata ecosystem, including the Tata Neu App/Website and partner Tata Brands. This card provides a welcome benefit of NeuCoins, domestic airport lounge access, and practical features such as a fuel surcharge waiver and an annual fee reversal based on spending, making it a rewarding choice for frequent Tata customers.

Welcome Benefits

• Get 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.
• Redeem your NeuCoins on the Tata Neu App/Website and partner Tata Brands.

Fees

• Annual Fee (one-time): Rs. 499 + Taxes
• Renewal Fee (per annum): Rs. 499 + Taxes (from the second year onwards)
• Spend-Based Waiver: Annual Fee reversal on annual spends of Rs. 1 Lakh or more. This fee reversal is preconditioned on the fee being levied during the renewal cycle.
• Add-on Fee (per annum): Nil
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions from Rs. 500 up to Rs. 4,000, exclusive of GST and other charges.
  • Maximum fuel surcharge waiver of Rs. 250 per statement cycle.
• All applicable taxes will be charged on all fees, interest, and other charges.

Rewards

Reward Points on Spends

• Earn 2% Value back as NeuCoins on Non-EMI spends on the Tata Neu App/Website and partner Tata Brands.
• Earn an extra 5% Value back as NeuCoins on select category spends on the Tata Neu App/Website.
• Earn 1% Value back as NeuCoins on other spends, including UPI transactions (applicable on 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.
• For information regarding capping on rewards, refer to the detailed Terms and Conditions.

Domestic Lounge Benefits

• Receive 4 complimentary domestic airport lounge accesses per year.
• Access is limited to 1 per quarter.
• Lounge access is applicable upon achieving Rs. 50,000 in spends in the previous quarter.
• To avail the offer, use your Tata Neu Plus SBI Credit Card at the respective lounges.
• A list of participating Domestic Lounges is available via a provided link.

Fuel Surcharge Waiver

• Get a 1% fuel surcharge waiver on every transaction between Rs. 500 to Rs. 4,000 at any petrol pump across the country.
• The maximum surcharge waiver is Rs. 250 per statement cycle, per credit card account.

Add-on Cards

• Empower your family members with add-on cards for parents, spouse, children, or siblings above the age of 18.

Contactless Advantage

• Enjoy fast, easy, and convenient daily purchases by simply waving your card at a secure reader.
• The card never leaves your hand during a transaction, significantly reducing the risk of card loss and fraud due to counterfeiting (skimming).
• The unique security key feature ensures that only one transaction goes through, even if the card is waved multiple times at the reader, enhancing security.
• FAQs and a list of merchants enabled for contactless transactions are available via provided links.

Easy Bill Pay Facility

• Pay your electricity, telephone, mobile, and other utility bills conveniently using the Easy Bill Pay facility.

Flexipay

• Convert your transactions of Rs. 2,500 or more into easy monthly installments (EMIs).
• Log in to sbicard.com with your username and password within 30 days of purchase to convert transactions into Flexipay.

Balance Transfer on EMI

• Save money by transferring the outstanding balance of other banks’ credit cards to your Tata Neu Plus SBI Card.
• Avail a lower rate of interest and pay back in EMIs.
• Log on to sbicard.com with your user ID and password to utilize this service.

Rewards Redemption Guide

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

Important Product Details

• Positive Highlights:
  • High value back (up to 7%) on Tata Neu App/Website and partner Tata Brands.
  • Includes rewards on UPI transactions for RuPay variant.
  • Complimentary domestic airport lounge access.
  • Annual fee waiver on achieving a reasonable spend milestone.
  • Fuel surcharge waiver benefit.
  • Provision for add-on cards for family members.
  • Contactless payment technology for quick and secure transactions.
  • Convenient facilities like Easy Bill Pay, Flexipay, and Balance Transfer on EMI.
• Negative Highlights:
  • Domestic lounge access is conditional on achieving Rs. 50,000 spends in the previous quarter.
  • Fuel surcharge waiver has transaction limits (Rs. 500-4,000) and a maximum cap of Rs. 250 per statement cycle.
  • NeuCoins accrual is dependent on an updated Merchant ID (MID) list, which is reviewed monthly.
  • Specific capping details for reward benefits require referring to the detailed Terms and Conditions.

Other Details

• Detailed Terms and Conditions and Usage Directions are available via a provided link.
• NeuCoins accrual in the SBI card system is based on an updated MID list, which is reviewed on a monthly basis.
• Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted for payment.
• 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 between the parties.
• Continued use of the card will be deemed as acceptance of any amendments to the terms.
• For assistance, cardholders can 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 the SBI Card website.
• Information regarding the order of payment settlement is available via a provided link.