SBI Reliance Rupay Credit Card An 8-Step Guide
Introduction
SBI Card has partnered with Reliance Retail to roll out the SBI Reliance Rupay Credit Card. The Credit Card is eco-friendly and based on the RuPay platform.
The SBI and Reliance Retail co-branded Credit Card offers attractive Cashback, Reward Points, and Discount Vouchers to its cardholders for spending at select Reliance Retail stores.
My Blog post on the SBI Reliance Rupay Credit Card is an 8-step guide that delves into its Key Features and Benefits
Table of Contents
SBI Reliance Rupay Credit Card Benefits
Welcome Benefit
The SBI Reliance RuPay Credit Card offers attractive Discount Vouchers worth ₹3,200 to its cardholders as a welcome benefit. These vouchers are redeemable at Select Reliance Retail stores. These vouchers shall be delivered within 45 days post-realization of Joining Fees.
| Reliance Retails Brands | Minimum Purchase Amount | Discount Vouchers Value |
|---|---|---|
| Jio Mart | ₹500 | ₹100 |
| AJIO | ₹1499 | ₹250 |
| Reliance Trends | ₹2499 | ₹500 |
| Zivame | ₹1199 | ₹300 |
| Urban Ladder | ₹4999 | ₹500 |
| Netmeds | ₹1499 | ₹300 |
| Cover Story | ₹1499 | ₹250 |
| Centro | ₹3000 | ₹500 |
| Fashion Factory | ₹1499 | ₹500 |
Milestone Benefit
The SBI Reliance RuPay Credit Card offers attractive Discount Vouchers to its cardholders for achieving purchase milestones. Additionally, if you spend a sum of ₹1,00,000 annually in the previous year through your Credit Card, your Card Renewal fees will also be waived.
| Annual Spends Through SBI Reliance Rupay Credit Card | Reliance Retail Discount Vouchers Value |
|---|---|
| ₹25000 | ₹500 |
| ₹50000 | ₹750 |
| ₹80000 | ₹1000 |
Cashback
The SBI Reliance RuPay Credit Card offers attractive cashback benefits to its cardholders. Cashback is auto-credited to your SBI Card within 2 working days of your next statement generation
The following Table will illustrate the Cashback offered:
| Purchases at Select Reliance Retail Stores | Cashback |
|---|---|
| Offline Stores | 1% upto ₹250 per month |
| Online Stores | 5% upto ₹250 per month |
Reward Benefit
SBI Reliance Rupay Credit Card offers reward points on every ₹100 purchase of goods under different categories.
1 Reward Point = ₹0.25
The following Table will illustrate the rewards offered :
| Category Purchases | Reward Points |
|---|---|
| Dining & Movies | 5 Points per ₹100 spent |
| Purchases at Select Reliance Retail Stores (except on UPI Payments) | 5 Points per ₹100 spent |
| Other Retail Purchases except fuel, property rental & wallet upload | 1 Point per ₹100 spent |
Fuel Surcharge Waiver
SBI Reliance Rupay Credit Card offers a 1% fuel surcharge waiver across all petrol pumps in India, for transactions between ₹500 and ₹4,000 exclusive of GST and other charges.
Additional Benefits
SBI Reliance Rupay Credit Card Fees And Charges
| Fees And Charges | Amount |
|---|---|
| Annual Fee (One Time) | ₹499 + GST |
| Renewal Fee(Per Annum) | ₹499 + GST from 2nd Year onwards |
| Add-On Card Fee(Per Annum) | Nil |
| Cash Advance Fee | 2.5% of the transaction amount or Rs. 500, whichever is higher |
| Finance Charges | Up to 3.5% per annum (42% per annum) |
SBI Reliance Rupay Credit Card Apply Online
You can apply online for the SBI Reliance Rupay Credit card by following the steps as illustrated :
- SBI Card Website: Log on to the SBI Card website at sbicard.com
- Credit Card Section: Scroll down to the Credit Cards section on the main screen and click the Credit Cards tab.
- Select And Apply: Select “SBI Reliance Credit Card” and apply.
- Fill in your details: Fill out the required fields with your PAN number, address, and other necessary professional details.
- Review and submit: After filling in all the relevant details, review your application carefully and Submit.
- Track your Application: Once submitted, you can track the status of your application on the website. You can also track your application status on the “YONO” SBI Mobile App.
SBI Reliance Rupay Credit Card Limit
SBI Reliance Credit Card limit is not static. The actual credit limit for your credit card will depend on your financial profile, income, and credit history. A Credit Score>750 ensures you a higher credit limit. However, It can increase over time based on your creditworthiness and usage history.
SBI Reliance Rupay Credit Card Variants
The SBI Reliance RuPay Credit Card is a co-branded card offered by SBI Cards and Reliance Retail introduced on the Rupay platform.
There are two variants of the card:
- SBI Reliance Rupay Credit Card
- SBI Reliance Prime Rupay Credit Card
Each Credit Card variant offers attractive rewards and benefits in different proportions. You can find more information about these offers in the following table :
| Particulars | SBI Reliance Rupay Credit Card | SBI Reliance Prime Rupay Credit Card |
|---|---|---|
| Credit Card Type | Entry-level | Entry-level |
| Joining Fee/ Annual Fee | ₹ 499 | ₹ 2999 |
| Welcome Benefit | Discount Vouchers ranging from ₹ 100 - ₹ 500 | Discount Vouchers ranging from ₹ 250 - ₹ 2500 |
| Cashback | 5% Cashback up to ₹ 250 per month on JIO Mart | 5% Cashback up to ₹ 1000 per month on JIO Mart |
| Milestone Benefit | Discount Vouchers ranging from ₹ 500 to ₹ 1000 on Purchase milestones | Discount Vouchers ranging from ₹ 1500 to ₹ 5000 on Purchase milestones |
| Annual Fee Waiver | On Annual Purchases of ₹ 1,00,000 | On Annual Purchases of ₹ 3,00,000 |
| Interest-free Credit Period | Up to 50 days | Up to 50 days |
| Lounge Access | Nil | 8 Complimentary Airport Lounge Access per year |
| Fuel Surcharge Waiver | 1% on Fuel Transactions between ₹ 500 and ₹ 4000 + GST | 1% on Fuel Transactions between ₹ 500 and ₹ 4000 + GST |
| Movie Tickets | Nil | 1 complimentary movie ticket worth ₹ 250 per month |
| Reward Points on Dining and Movies | 5 Points | 5 Points |
| Reward Points on Co-branded Purchases at Reliance Stores | 5 Points | 10 Points |
SBI Reliance Rupay Credit Card Review
The SBI Reliance Rupay Credit Card seems to be a great entry-level credit card.
Consider the following points when applying for this Credit Card :
- The base and prime variants help you save on spending at select Reliance retail stores.
- If you are looking for a Credit Card with low fees and decent reward points, consider this card.
- Being a Rupay Credit Card helps you to easily link this card to your UPI application and make easy payments.
Conclusion
In Conclusion, the SBI Reliance Rupay Credit Card is a versatile and rewarding entry-level card that offers attractive benefits.
If you are an avid Reliance Retail shopper, then this Credit Card is just right for you as it offers attractive discount vouchers and reward points on both offline and online purchases at Select Reliance Retail stores. It also offers value and convenience of the RuPay platform for easy payments.
FAQ
What is the interest of SBI Reliance Rupay Credit Card?
The Interest rate of this card is 3.6% per month or 42% per annum.
What are the milestone rewards?
You can earn rewards like discount vouchers of different values on reaching certain purchase milestones at Select Reliance Retail Stores by shopping through this credit card.
Are there any other benefits?
Yes, depending on the card variant, you may enjoy benefits like free movie tickets, discounts on partner merchants, fuel surcharge waiver, cashback, Airport Lounge access and many more.
Can I use this card internationally?
Yes. SBI Reliance Rupay Credit Card can be used for international transactions in over 24 million outlets across the globe.
How can I set up my SBI Reliance RuPay credit card for mobile and online banking??
You can set up your SBI Reliance RuPay credit card for mobile and online banking by following these steps:
- Visit the SBI Card website or use the SBI Card mobile app.
- Log in using your SBI Card credentials.
- Navigate to the “Manage Cards” section.
- Select your Reliance RuPay credit card.
- Link your Credit Card with your mobile and online banking by following the instructions.