Titan SBI Credit Card – Benefits, Fees & Eligibility

Introduction

The Titan SBI Credit Card, issued by SBI Card, is a premium retail-focused credit card designed for frequent shoppers at Titan brands. It offers significant savings through exclusive discounts, cashback, and privileges on transactions made with Titan. Key differentiating benefits include up to 7.5% cashback on select Titan brands and complimentary access to both international and domestic airport lounges.

Welcome Benefits

• Get 12,000 Reward Points worth ₹3,000 upon payment of the Annual Fees.

Fees

• Joining Fee: ₹2,999 + GST/taxes
• Annual Fee: ₹2,999 + GST/taxes (from the second year onwards)
• Spend-Based Waiver: Annual fee reversal on annual spends of ₹3 Lakhs.
• 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 Waiver: 1% waiver on fuel transactions up to ₹3,000 across all petrol pumps in India, exclusive of GST and other charges. Maximum waiver of ₹100 per statement cycle.
• Cash Advance Charges: 2.5% or a minimum of ₹500.
• Add-on Card Fee: Nil.

Rewards

• Accelerated Rewards on Titan Brands:
  • 7.5% cashback on spends at World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth, and Sonata, with a maximum cashback of ₹10,000 per quarter.
  • 5% cashback on spends at Caratlane, Mia, and Zoya, with a maximum cashback of ₹10,000 per quarter.
  • 3% value back as Gift Vouchers on spends at Tanishq, with a maximum gift voucher value of ₹25,000 per quarter.
  • All value back and cashback will be auto-credited to the cardholder’s account within 5 working days of the following statement generation.
• General Spends:
  • Earn 6 Reward Points per ₹100 spent on all non-Titan categories.
  • Earn 6 Reward Points per ₹100 spent on UPI transactions.
  • Reward Points shall not be awarded for transactions made in the Fuel, Wallet Reloads, Property Rental, and Utility categories.
• Milestone Rewards:
  • Earn a gift voucher worth ₹5,000 on annual spends of ₹5 Lakhs.
  • Earn an additional gift voucher worth ₹10,000 on annual spends of ₹10 Lakhs.
  • These gift vouchers are applicable and can be redeemed only at exclusive Titan Stores.
• Lounge Access:
  • 8 complimentary domestic airport lounge visits in a year, with a maximum of 2 visits each quarter.
  • 4 complimentary international airport lounge visits per year, with a maximum of 2 visits each quarter.
  • Complimentary Priority Pass Membership is offered for the first 2 years.
• Other Benefits:
  • Add-on Cards: Apply for absolutely free Add-on SBI Credit Cards for parents, spouse, children, or siblings above 18 years of age.
  • Easy Bill Pay Facility: Pay electricity, telephone, mobile, and other utility bills.
  • Balance Transfer on EMI: Transfer outstanding balances of other banks’ credit cards to your SBI Card at a lower interest rate and repay in easy EMIs.
  • UPI Linkage: As a RuPay network card, it can be linked with UPI apps for hassle-free transactions.

Rewards Redemption Guide

• The value of 1 Reward Point is ₹0.25.
• Reward Points can be redeemed for a wide range of Titan Vouchers.

Card Review

• Pros:
  • Ideal for individuals with high net worth who frequently shop at premium Titan brands, offering significant savings.
  • Provides valuable milestone benefits.
  • Offers free international and domestic airport lounge access.
• Cons:
  • For a card with an annual charge of ₹2,999 + GST, it offers no specific dining or movie benefits.
  • The card is mainly focused on Titan purchases, which might limit its appeal for general spenders.

Important Product Details

• Exclusively designed for Titan brands, offering accelerated rewards and cashback.
• Earn up to 7.5% cashback on 8 Titan brands (World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth & Sonata).
• Earn 6 Reward Points per ₹100 spent on all non-Titan expenditures and UPI transactions.
• Complimentary domestic and international airport lounge access, along with Priority Pass Membership.
• Annual fee waiver on achieving ₹3 Lakhs in annual spends.
• Milestone gift vouchers worth up to ₹15,000 on annual spends of ₹5 Lakhs and ₹10 Lakhs respectively.

Other Details

• Cashback is usually transferred within 2 days of statement generation and does not expire; it will be adjusted against your credit card statement.
• All taxes would be charged as applicable on all fees, interest, and charges.
• The value proposition of the co-brand product may be funded jointly by SBI Card and the co-brand partner.
• Continued use of the card will be deemed acceptance of amendments in all Terms and Conditions.
• For assistance, contact SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix local STD code).
• Information is subject to change at the discretion of SBICPSL.
• Any disputes arising out of the offer between the Cardholder and SBICPSL shall be subject to arbitration in New Delhi, with proceedings conducted as per the Arbitration and Conciliation Act, 1996.
• SBICPSL may engage agents or third parties for marketing, sales, or related services.