5% cashback on online spends
Up to Rs. 60,000 cashback in a year
SBI Credit Card: Features & Benefits
As mentioned above, different SBI cards come with different features and benefits. However, some common benefits SBI credit card are mentioned below:
- Rewards/ Cashback: Most SBI credit cards offer value back in the form of cashback or rewards. While the cashback is usually credited to the card account, cardholders can redeem the accumulated rewards against a variety of options as per their requirements.
- Add-on Cards: With your primary credit card, you can avail add-on cards for your spouse, parents or children above the age of 18 years. Such cards usually come with the same benefits as primary cards.
- Complimentary Lounge Access: SBI credit cards offer complimentary access to both domestic and international airport lounges. However, the number of complimentary visits varies depending on the card variant. Typically, entry-level SBI credit cards with complimentary lounge access offer limited lounge visits, whereas premium cards come with a higher number of complimentary visits.
- Encash Facility: Cardholders can avail instant cash using Encash Facility and pay off in easy installments of up to 48 months. Encash offer is given over and above the existing credit limit of the user whereas Encash Inline is given within the existing credit limit.
- Flexipay Feature: You can convert big ticket purchases into easy EMIs, using SBI Card’s Flexipay feature. Choose from a tenure of 3, 6, 9, 12, 18, or 24 months to convert transactions worth above Rs. 2,500 made during the last 30 days.
- Balance Transfer: If you have high balances on other bank credit cards and find it difficult to pay off, you can transfer the balance to your SBI credit card and save on the finance charges. Balance transfers also carry interest but it will be much lower than the finance charges applicable on revolving balance.
- Automated Utility Bill Payment: To manage all your utility bill payments, you can set standing instructions on your SBI Card. This is known as the Easy Bill Pay feature.
- Insurance Cover: Some SBI Credit Cards, particularly premium cards, also offer complimentary insurance covers, such as air accident cover, overseas hospitalization cover and more.
Suggested Read: Best SBI RuPay Credit Cards | Lifetime Free Credit Cards in India
