Reliance SBI Card
Rewards & Benefits
Welcome Benefits
Reliance Retail voucher worth INR 500 as a welcome benefit.
Milestone Benefits
Milestone Benefit: Waiver of renewal fees on an annual spend of Rs Rs 1 Lakhs in the previous year. Rs 500/- worth Reliance Retail voucher on annual spends of Rs 25,000/- at participating Reliance Retail stores.
Cashback Rate
Users will be awarded 5 points on spending every INR 100 on Reliance Retail stores. Effective Reliance Retail store cashback rate: 1.25%.
Value of 1 point = INR 0.25.
5 points on spend of every INR 100 on dining, movies & entertainment, domestic airlines and international spending. Effective dining/entertainment cashback rate is 1.25%.
1 point on all other retail spends. The effective general cashback rate is 0.25%.
Movie Benefits
Dining Benefits
Other Benefits
You get special offers from Reliance Retail stores.; The transaction is offered at participating Reliance Retail stores.
Lounge Access
Fees & Charges
Joining Fee
INR. 499 + Taxes
Annual Fee
INR. 499 + Taxes
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs
Interest rate
3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): INR 499 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Cons
Low cashback rate.
Limited value add benefits.
No free airport lounge visits.
No free movie tickets.
Welcome Benefit: Users will get a Reliance Retail voucher worth INR 500 as a welcome benefit.
Reward System: Users will be awarded 5 points on spending every INR 100 on Reliance Retail stores. Value of 1 point = INR 0.25. Effective Reliance Retail store cashback rate: 1.25%. 5 points on spend of every INR 100 on dining, movies & entertainment, domestic airlines and international spending. Effective dining/entertainment cashback rate: 1.25%. 1 point on all other retail spends. Effective general cashback rate: 0.25%.
The transaction is offered at participating Reliance Retail stores.
Milestone Benefit: Waiver of renewal fees on an annual spend of INR 1 Lakhs in the previous year. INR 500/- worth Reliance Retail voucher on annual spends of INR 25,000/- at participating Reliance Retail stores.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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Eligibility Criteria
Age: You must be minimum 21 and maximum 70 years old.
Income: You must have a stable source of income.
Credit score: A good credit score is generally required.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
There are 2 major ways to apply for Reliance SBI Card:
Visit the SBI Card website.
Go to the Reliance SBI Card page: Go to the "Personal" section and find the "Shopping" section.
Click "Apply Now" button.
Fill out the application form: Provide your personal details, PAN, Aadhaar and other required information.
Review and submit: Carefully review the application form and accept the terms and conditions before submitting your application.
Await decision: After submission, you'll receive an instant preliminary decision based on the information provided.
Offline:
Visit any SBI branch: Find a nearby SBI branch and express your interest in the Reliance SBI Card.
Fill out a application form: A bank representative will help you with filling the form and provide necessary guidance.
Submit the form and documents: Provide all required documents such as PAN, Aadhaar, and income proof along with your application.
Await decision: The bank will process your application and inform you about the final decision through your preferred communication channel.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get a Reliance Retail voucher worth INR 500 as a welcome benefit.
Reward System: Users will be awarded 5 points on spending every INR 100 on Reliance Retail stores. Value of 1 point = INR 0.25. Effective Reliance Retail store cashback rate: 1.25%. 5 points on spend of every INR 100 on dining, movies & entertainment, domestic airlines and international spending. Effective dining/entertainment cashback rate: 1.25%. 1 point on all other retail spends. Effective general cashback rate: 0.25%.
The transaction is offered at participating Reliance Retail stores.
Milestone Benefit: Waiver of renewal fees on an annual spend of INR 1 Lakhs in the previous year. INR 500/- worth Reliance Retail voucher on annual spends of INR 25,000/- at participating Reliance Retail stores.
Low cashback rate.
Limited value add benefits.
No free airport lounge visits.
No free movie tickets.
The USP of the card is 1.25% off on Reliance Retail stores. The card has limited value add benefits. This card is suited only for frequent customers of Reliance Retail Stores.
The USP of the card is 1.25% off on Reliance Retail stores. The card has limited value add benefits. This card is suited only for frequent customers of Reliance Retail Stores.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
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Fuel Surcharge
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Billing Cycle
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