For an entry-level card, Tata Neu Plus SBI Card offers exceptional value with partnered brands spanning multiple categories. Moreover, unlike most cards that exclude or restrict benefits on jewellery spends, this card offers accelerated rewards on Tanishq. Additionally, cardholders can utilize NeuCoins for travel booking with Air India and Taj Hotels, helping them save on travel. With smart spending through the Tata Neu app, consumers can get up to 7% returns at a low annual fee of Rs. 499 only.
SBI Cards
Tata Neu Plus SBI Card
Shopping
Co-branded
1st Year Fee: ₹499* Plus Applicable Taxes
Co-branded
Save on 10+ brands in Tata Neu Ecosystem
Shopping
Up to 7% value-back on select Tata Neu Spends
Lounge Access
4 domestic airport lounge visits per year
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About Tata Neu Plus SBI Card
Tata Neu Plus SBI Credit Card is the base variant in Tata Neu’s co-branded card partnership with SBI Card. Similar to Tata Neu Plus HDFC Bank, this card caters to multiple categories by offering up to 7% value-back on select brands in the Tata Neu ecosystem– Tata 1MG, BigBasket, Croma, Air India Express, Tata CliQ, IHCL (Taj Hotels), Westside, Qmin, Tata Play, Cult, Tata Pay, Titan, and Tanishq.
With an annual fee of Rs. 499 – compensated for in the first year by 499 bonus NeuCoins and waived from second year onwards on Rs. 1 Lakh annual spends – the Plus variant can be an ideal choice for beginners seeking multi-brand benefits at low fee.
Rewards Program
Reward Earning
- 2% valueback as NeuCoins on spends on Tata Neu App/Website and partner Tata Brands
- Extra 5% valueback as NeuCoins on select category spends on Tata Neu App/Website
- 1% valueback as NeuCoins on other spends, including UPI transactions
Reward Redemption
- Accumulated reward points are redeemable for payments via Tata Neu app and its partner brand’s website/stores
- Value of 1 NeuCoin = Rs. 1
Other Features & Benefits
- Activation: Bonus 499 NeuCoins (worth Rs. 499) on payment of joining fee.
- Lounge Access: 4 complimentary domestic airport lounge access every year ( maximum 1 per quarter) on quarterly spends of Rs. 50,000
- Fee Waiver: Annual fee waiver on spending Rs. 1 Lakh in the previous year
- Fuel Benefits: 1% fuel surcharge across all petrol pumps in India, on transactions from Rs. 500 up to Rs. 4,000.
Fees & Charges
| Fee Type | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 499 + Taxes | ||||||||||||||
| Annual Fee | Rs. 499 + Taxes | ||||||||||||||
| Finance Charges | Up to 3.75% per month | 45% per annum | ||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You want a low-fee credit card catering to multiple categories
You frequently shop with partnered Tata brands and can easily maximize the benefits
You prefer a straightforward 1:1 rewards program
You can easily spend Rs. 1 Lakh in a year to get the annual fee waived off
Other Similar Credit Cards
Tata Neu Plus HDFC
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SBI SimplyCLICK
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What do we like about this card?
Tata Neu Plus SBI Card stands as a solid option in the entry-level segment offering up to 7% value-back. Low annual fee, easy waiver conditions and welcome benefit compensating for the fee make this card an ideal choice for beginners. Unlike most co-branded cards that offer accelerated value only with one or two partners, Tata Neu provides strong value with more than 10 brands in the Tata Neu ecosystem– spanning multiple spending categories. Additionally, 1% back on UPI spends (through the Rupay variant) further enhances savings on everyday spending.
Pros
- Activation benefits worth the joining fee
- Up to 7% value-back as NeuCoins
- NeuCoins redeemable in 1:1 ratio on Tata Neu brand spends
- Benefits spanning multiple brands covering different spending categories
- Easy fee waiver condition
- 1% saving on UPI transactions with the Rupay variant
Cons
- Brand benefits could be restricting for some users
- Lounge access comes with a spend-based condition
- No milestone or renewal benefits
Frequently Asked Questions
Everything you need to know about this credit card
Cardholders earn bonus 499 NeuCoins post the payment of the joining fee. These are credited to the Tata NeuPass account.
Yes, you can earn a 1% fuel surcharge waiver on the card on transactions ranging between Rs. 500 up to Rs. 4,000, capped at Rs. 250 per month.
Yes, the Tata Neu Plus variant is similar across both SBI and HDFC Bank. Both cards offer the same valueback benefits across UPI, partner Tata brands, and other spends. To choose the right card among these, you can make a decision based on your issuer preference and chances of approval based on your existing relationship with the bank.
Unlike the Infinity variant, the Tata Neu Plus Infinity credit card does not offer a low forex markup fee. A forex markup fee of 3.5% is applicable on all international transactions.
To apply for this credit card you can contact SBI Card at their customer care number 1860 180 1290. Alternatively, you can visit the issuer’s website.
Footnotes
- Partner Tata Brands: Tata 1MG, BigBasket, Croma, Air India Express, Tata CliQ, IHCL (TAJ group of Hotels), Westside, Qmin, Tata Play, Cult, Tata Pay, Titan and Tanishq.
- NeuCoins will be auto credited to the card holder’s NeuPass account on the monthly statement cycle.
- Exclusions from rewards program: Fuel Spends, wallet loads, voucher purchase, cash advances, payment of Outstanding Balances, payment of card fees and other charges, Flexipay, rental and Government related transactions, education payments.
- NeuCoin earning is capped per month for some transactions: Grocery-1000, Insurance – 2000, Utility Transaction- 2000, Telecom and cable – 2000 and UPI Spends – 500.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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