Tata Neu Plus SBI Card – Benefits, Fees & Eligibility

Introduction

The Tata Neu Plus SBI Card is a co-branded credit card issued by SBI Card, designed for individuals who frequently shop across the Tata ecosystem. Positioned as a mid-range card, it offers significant value back in the form of NeuCoins on spends at Tata Neu and partner Tata brands. Key differentiating benefits include accelerated NeuCoin earnings, complimentary domestic airport lounge access, and a waiver on fuel surcharges, making it an attractive option for loyal Tata customers.

Welcome Benefits

• Get 499 NeuCoins (1 NeuCoin = Re. 1 savings) within 15 days of Joining Fee realization.
• Redeem NeuCoins on Tata Neu App/Website and partner Tata Brands.

Fees

• Joining Fee: 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.
  • Spend-based Renewal Fee will be reversed within 30 days from the Annual fee charged date.
  • The cardholder is eligible for reversal of the annual card fee upon achieving the required Net Retail Spends (retail spends minus reversals) on eligible transactions during the 365 days immediately preceding the annual fee billing date.
• Add-on Card Fee (per annum): Nil
• 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. 250 per statement cycle.
• For information regarding other fees and applicable charges, refer to the Most Important Terms & Conditions.

Rewards

• Get 2% Value Back as NeuCoins on Non-EMI spends at the Tata Neu App/Website and partner Tata brands.
• Earn up to 5% Extra Value Back as NeuCoins on select category spends at the Tata Neu App/Website.
• Receive 1% Value Back as NeuCoins on other spends, including UPI transactions.
• 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.
• 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: Enjoy 4 complimentary domestic airport lounge accesses every year (1 per quarter), applicable on achieving Rs. 50,000 spends in the previous quarter.

Rewards Redemption Guide

• NeuCoins can be redeemed on the Tata Neu App/Website and across partner Tata Brands.

Important Product Details

• Accelerated Rewards: Earn 2% NeuCoins on Tata Neu and partner Tata brand spends, with up to 5% on select categories.
• Universal Earnings: Get 1% NeuCoins on all other spends, including UPI transactions.
• Lounge Access: Benefit from 4 complimentary domestic airport lounge visits annually, subject to a quarterly spend threshold.
• Fuel Savings: Enjoy a 1% fuel surcharge waiver on transactions within specified limits.
• Fee Waiver: Annual fee can be reversed by achieving an annual spend of Rs. 1 Lakh or more.
• Contactless Payments: Facilitates quick and secure tap-and-pay transactions.
• EMI Conversion: Option to convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs (Flexipay).
• Free Add-on Cards: Provide supplementary cards to eligible family members at no extra cost.
• Utility Bill Payments: Conveniently pay electricity, telephone, mobile, and other utility bills.
• Balance Transfer: Transfer outstanding balances from other credit cards to save on interest with lower EMI options.

Other Details

• Contactless Advantage:
  • Tap & Pay with Ease: Make everyday payments effortlessly by tapping the card on a secure reader.
  • Fast & Convenient: Quick transactions without needing to hand over the card or use cash.
  • Secure Transactions: The card remains in hand, reducing risk. Visa PayWave’s unique security key ensures only one transaction is processed even if tapped multiple times.
• Flexipay EMI:
  • Convert eligible purchases of Rs. 2,500 or more into easy monthly EMIs.
• Add-on Cards:
  • Apply for absolutely free Add-on SBI Credit Cards for parents, spouse, children, or siblings above the age of 18.
• Easy Bill Pay Facility:
  • Pay electricity, telephone, mobile, and other utility bills using this facility.
• Balance Transfer on EMI:
  • Transfer outstanding balances of other banks’ credit cards to the Tata Neu Plus SBI Card at a lower interest rate and repay in easy EMIs. This facility can be availed by logging into the account.
• General Terms & Conditions:
  • Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
  • All applicable taxes would be charged on all fees, interest, and charges.
  • The value proposition of the co-brand product may be jointly funded by SBI Card and the co-brand partner based on their financial arrangement, which may include fee and revenue sharing.
  • Continued use of the card will be deemed 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).
  • Any disputes arising between the Cardholder and SBICPSL shall be subject to arbitration in New Delhi, conducted in English as per the Arbitration and Conciliation Act, 1996.
  • SBICPSL may engage agents or third parties for marketing, sales, or other related services.
• Application Methods: Apply for an SBI Credit Card through the SBI Card website, via the Chatbot ILA, by calling the SBI Card Helpline (39 02 02 02, prefix city STD code), or by visiting the nearest SBI branch.