Federal Bank SBI Gold and More Credit Card

The Federal Bank is a commercial bank in private sector. Established in 1945, having over 1200 branches throughout the country, the bank is headquartered at Kochi in Kerala. A wide range of services and products are provided by its retail banking portfolio, e.g. loans, debit cards, credit cards, etc.

Benefits of the Federal Bank SBI Gold and More Cards:

  1. Extravagant Offer: When a cardholder spends Rs 2000 or above within 60 days of getting the credit card, they earn 2000 bonus reward points. These points can be redeemed for wonderful benefits and offers.
  2. Zero Fuel Surcharge: Cardholders do not need to pay the fuel surcharge of 2.5% at petrol pumps, if the credit card is used in buying petrol and the expense at an Indian petrol pump is between Rs 500 and Rs 3000.
  3. Value Back: Cardholders can get a value back of up to 3.5% as they earn 10x Reward Points for every expense on Rs 100 at departmental and grocery stores. On other expenses, cardholders can receive 1 reward point per expenditure of Rs 100, 4 reward points being equal to Re 1.
  4. Reversal on Basis of Expenses: A cardholder can enjoy a reversal of the yearly membership fee from the second year of their credit card initiation, provided they spend more than Rs 75,000 using the credit card.


The card presents a wide array of attractive features mentioned below:

Welcome Kit:

Cardholders enjoy a cashback of Rs 100 on their first cash withdrawal from an ATM, provided the withdrawal takes place within 30 days of getting the card.

Reward Points:

Each time a cardholder spends Rs 100 on this card, they earn one reward point. The points can later be used to pay the outstanding balance and can also be redeemed for a wide array of attractive gifts listed in the Rewards Catalogue.

Global Acceptance:

The card is approved for use in more than 24 million outlets around the world, and is available at more than 3 lakh outlets in the country. The card can also be used to do payments at outlets where VISA and MasterCard are accepted.

Cash on the Move: Cardholders can withdraw cash from over 1 million VISA ATMs across the world.

Payment Option for Utility Bills: Cardholders can pay electricity, telephone, mobile and many other bills via the Easy Bill Pay option available on the card.

Online Booking of Train Tickets: Cardholders can make online railway bookings and have the tickets delivered at their doorstep. All they need to do is to visit the IRCTC site, register, and do as instructed. They need to pay at the payment gateway using the Gold and More credit cards.

Add-On Cards:    A cardholder can provide their family with add-on cards for their parents, spouse, siblings, or children, the minimum age requirement being 18 years. Limits can be set on these supplementary cards so that overuse is not done.

Easy Money: Cardholders can use this facility to get a draft or cheque against their cash limit, delivered at their doorstep.

Flexipay: This feature enables a cardholder to convert each transaction into easy monthly instalments, provided the expense using the card is Rs 2500 or above and the conversion to Flexipay by logging in to the SBI website is done within 30 days of the expenditure.

SBI Card Drop Box: Cardholders can locate their nearest SBI card drop box by texting their pin code to 56767.

Balance Transfer: Cardholders can visit the SBI website and transfer their outstanding balances on other cards to this card, thus availing benefits of lower rates of interest and EMI facility.


The eligibility depends on the employment and income of the applicant.

Documents needed are:

  • PAN Card
  • ID Proof (any of the following):
    • Voter’s ID
    • UID Aadhar Number
    • Driving License
    • Passport

Charges and Fees:

  • The one-time joining fee is Rs 499. Cardholders also earn reward points worth Rs 500 on their first expense. This makes the card free for the 1st year.
  • The annual fee is Rs 499. If the yearly purchases exceed Rs 75000, then cardholders enjoy a waiver on their yearly fee for the next year.
  • The yearly fee for add-on card is zero.
  • The interest-free period is 20 days to 50 days, provided the expense is a retail one and the outstanding balance from the preceding month is fully paid.
  • There is no cash advance fee during the free credit period.
  • The finance charges during the extended credit period are up to 40.2% per year or 3.35% each month, from the transaction date.
  • The minimum amount that needs to be paid is 5% of the total outstanding of Rs 200, whichever is lower, along with government service taxes and EMI in case of loans.
  • The card replacement fee is Rs 100.
  • The cheque pickup charge is Rs 90.
  • The charge-slip request fee is Rs 225 per charge-slip.
  • The cash OTC charge is Rs 100.
  • The rewards redemption fee is Rs 99.
  • The over-limit charge is 2.5% of over-limit sum or Rs 500, whichever is lower.
  • Statement retrieval costs Rs 100, if the statement is more than 2 months old.
  • Fee for using international ATMs is 3% of the withdrawn amount or Rs 300, per transaction.
  • The cash advance limit is 80% of the credit limit. The limit is up to Rs 12000 per day for Gold cardholders. The upper limit is Rs 15000 per day for Signature or Platinum cardholders.
  • Finance charges for cash advance are a maximum of 40.2% per year or 3.35% every month, from the transaction date.
  • Cash Advance Fee in case of SBI ATMs and all domestic ATMs is 2.5% of withdrawn sum or Rs 300, per transaction.
  • The surcharge for buying railway tickets at the counter is Rs 30 + 2.5% of transaction amount.

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