Titan SBI Credit Card – Benefits, Fees & Eligibility

Introduction

The Titan SBI Credit Card is a co-branded card designed for frequent shoppers and loyal customers of Titan brands. It offers exclusive discounts, cashback, and privileges on transactions made across the Titan ecosystem. Cardholders can benefit from accelerated rewards, including up to 7.5% cashback on select Titan brands, significant milestone benefits, and complimentary domestic and international airport lounge access, making it suitable for high net worth individuals who prioritize savings on premium retail purchases and also travel regularly.

Welcome Benefits

• Get 12,000 Reward Points, worth ₹3,000, upon payment of the annual fees.
• Reward Points will be credited to the cardholder's account within 60 days of annual fee payment.
• These Reward Points can be redeemed against a wide array of Titan Vouchers.

Fees

• Annual Fee (one-time): ₹2,999 + GST/Taxes
• Renewal Fee (per annum): ₹2,999 + GST/Taxes
• Add-on Card Fee (per annum): Nil
• Spend-Based Waiver: Annual fee reversal on annual spends of ₹3 Lacs (preconditioned on fee levied during the renewal cycle).
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 3.5% of the transaction amount.
• Interest Rates: 3.75% per month (45% per annum).
• Fuel Surcharge: 1% waiver on fuel transactions up to ₹3,000, exclusive of GST and other charges.
• Cash Advance Charges: 2.5% of the transaction amount or a minimum of ₹500, whichever is higher.

Rewards

Exclusive Titan In-Store Benefits

• 7.5% Cashback on spends at World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth, & Sonata. This benefit is subject to a quarterly cap of ₹10,000.
• 5% Cashback on spends at Mia, Caratlane, & Zoya. This benefit is subject to a quarterly cap of ₹10,000.
• 3% Value back in the form of Gift Vouchers on spends at Tanishq. This benefit is subject to a quarterly cap of ₹25,000.
• All value back and cashback will be auto-credited to the cardholder's account within 5 working days of the next statement generation.

Reward Points on Other Spends

• Earn 6 Reward Points for every ₹100 spent on all categories outside Titan spends.
• Earn 6 Reward Points for every ₹100 spent on UPI transactions, as the card is on the RuPay network.
• Reward Point accrual is excluded for transactions made in Fuel, Wallet upload, Property Rental, and Utilities categories.
• Each Reward Point is valued at ₹0.25.

Milestone Benefits

• Spend Based Reversal: Annual fee reversal on achieving annual spends of ₹3 Lacs.
• Additional Gift Voucher worth ₹5,000 on annual spends of ₹5 Lacs as a milestone reward.
• Additional Gift Voucher worth ₹10,000 on annual spends of ₹10 Lacs as a milestone reward.
• These milestone Gift Vouchers are applicable for redemption only at exclusive Titan Stores.

Lounge Program

• Domestic Airport Lounges: 8 complimentary access passes in a year, capped at 2 access per quarter.
• International Airport Lounges: 4 complimentary access passes in a year, capped at 2 per quarter. This benefit is complimentary for the first two years.
• Includes Priority Pass Membership.

Fuel Surcharge Waiver

• Enjoy a 1% fuel surcharge waiver across all petrol pumps in India.
• Applicable on transactions up to ₹3,000, exclusive of GST and other charges.
• Maximum fuel surcharge waiver of ₹100 per statement cycle per credit card account.

Utility Bill Payment Facility

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

Balance Transfer on EMI

• Transfer outstanding balances from other bank credit cards to your Titan SBI Card to avail a lower rate of interest and pay back in EMIs.

Add-on Card Facility

• Apply for add-on cards for your spouse, children, parents, and siblings who are over 18 years of age.

Rewards Redemption Guide

• Reward Points can be redeemed against a wide array of Titan Vouchers.
• Each Reward Point is equivalent to ₹0.25.
• Milestone Gift Vouchers are exclusively redeemable at Titan Stores.
• Cashback and value-back amounts are auto-credited to the cardholder's account, typically within 5 working days of the next statement generation.

Card Review

The Titan SBI Credit Card is specifically tailored for individuals who are enthusiastic shoppers and loyal to the Titan brand, especially those with high net worth. It offers substantial savings through accelerated cashback and gift vouchers on various Titan brands, along with attractive milestone benefits for high annual spends. The inclusion of complimentary domestic and international airport lounge access also makes it suitable for frequent travelers.

However, for a card with an annual fee of ₹2,999 + GST, it lacks comprehensive benefits in other popular categories such as dining and movies, being primarily focused on Titan purchases. Cardholders seeking broader lifestyle benefits might find other SBI Credit Cards, like the SBI Prime Credit Card or SBI SimplyCLICK Credit Card, more suitable.

Important Product Details

• The credit card is exclusively designed for transactions with Titan brands.
• Cardholders earn 7.5% cashback on 8 specific Titan brands.
• All non-Titan expenditures accrue 6 Reward Points per ₹100 spent.
• Reward Point accrual is excluded on Fuel, Wallet upload, Property Rental, and Utilities categories.
• Cashback and value back are auto-credited within 5 working days of the next statement generation.
• The card offers 8 complimentary domestic and 4 complimentary international airport lounge accesses annually.
• Priority Pass Membership is included.
• A 1% fuel surcharge waiver is available on transactions up to ₹3,000, with a maximum waiver of ₹100 per statement cycle.
• The card supports Balance Transfer on EMI for converting outstanding balances from other credit cards.
• Utility Bill Payment facility is available.
• Add-on cards can be issued for eligible family members.
• Foreign currency transactions are subject to a 3.5% markup.
• Interest rates are 3.75% per month (45% per annum).
• Cash advance charges are 2.5% or a minimum of ₹500.

Other Details

• For Titan SBI Card related Terms and Conditions and Frequently Asked Questions, specific documents are available for reference.
• The order of payment settlement for a cardholder account is: Minimum Amount Due (inclusive of taxes + EMI on EMI based products + 5% of Total Outstanding), Fees & Other Charges, Interest charges, Balance Transfer Outstanding, Purchase Outstanding, and Cash Advance.
• Cheques payable outside clearing zones are not accepted; payments are accepted through local cheques or drafts payable in Delhi only.
• All applicable taxes would be charged on all fees, interest, and other charges.
• The value proposition of the co-brand product may be jointly funded by SBI Card and the co-brand partner, involving fee and revenue sharing.
• For assistance, customers can call the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Information provided is subject to change at the discretion of SBICPSL.