Federal Bank SBI Credit Card

Federal Bank SBI Credit Card Details Updated on
Annual Fee and Renewal Fee Rs. 499
Reward Points 1 reward point per Rs. 100 spent
Extravaganza Offer Earn 2000 reward points as a bonus for spending Rs. 2000 in the first 60 days

Federal Bank SBI Credit Card allows you to earn 10 reward points against every Rs. 100 spent at all grocery stores and departmental stores which makes you eligible to get back the value of 2.5% on every purchase you make. For other spending, you get 1 reward point on every Rs. 100 spent through the card. Here 4 reward points equal a rupee. You can get the benefit of add-on cards, welcome offers, Flexipay, online services, payment of bills, fuel surcharge, cash withdrawal, and more.

In this post, we will discuss Federal Bank SBI Credit Card features, privileges, fees and charges, and frequently asked questions.

Features of Federal Bank SBI Credit Card

Here are the features of this credit card:

  • Reward Points You can earn 1 reward point on a purchase of Rs. 100 through your Federal Bank SBI Credit Card which can be redeemed at specified avenues such as online websites, stores, etc., or can be settled in monthly bills.
  • Welcome Offer The company offers Rs. 100 cashback if an ATM transaction is made within 30 days of card receiving.
  • Add-on Cards The company offers the facility of free add-on cards for your family member (spouse, children, siblings, and parents, aged more than 18 years) on your Federal Bank SBI Credit Card.
  • Online booking of Rail Tickets You can book your rail tickets online by just visiting the IRCTC website and the tickets shall be delivered to you at your doorsteps. For availing of this facility you just need to log in to the IRCTC website, make an account in your name, log in with credentials supplied by the website, book your tickets and then pay with your Federal Bank SBI Credit Card through a gateway that accepts Visa Credit Cards. After booking the tickets online the same shall be delivered to you in some time.
  • Flexipay With this option, you can convert the transactions to EMIs in cases where the value of the transaction is more than Rs. 2500 through Federal Bank SBI Credit Card. This can be done by logging in to the official website of the company within 30 days of such purchase.

Privileges of Federal Bank SBI Credit Card

Here are some of the privileges on this credit card:

  • Extravaganza Offer You can earn 2000 reward points as a bonus for spending Rs. 2000 or more through your new Federal Bank SBI Credit Card within 60 days of receiving the card.
  • Easy Money This facility allows you to get the demand draft or cheque delivered to you out of the cash limit of your Federal Bank SBI Credit Card, at your doorstep on your single request for the same.
  • NIL Fuel Surcharge Now you don’t need to worry about the 1% fuel surcharge as the same is not levied for the fuel transactions through Federal Bank SBI Credit Card for transactions ranging from Rs. 500 to Rs. 3000 at any fuel station across the country.
  • Spend Based Reversal You can get your annual fees reversed from the second year of availing the card if total spending per year totals to Rs. 1 lakh or more.

Federal Bank SBI Credit Card Fees and Charges

Here are the fees and charges on this credit card:

  • The company charges a fee of Rs. 499 for the first year. Through the Extravaganza offer discussed above, you can earn 2000 reward points amounting to Rs. 500 which shall make your card free for the first year
  • Annual renewal fees of Rs. 499 for subsequent years can also be reversed by spending more than Rs. 1 lakh for the previous year
  • No annual fee is levied on add-on credit cards
  • Charges written above are exclusive of taxes

Frequently Asked Questions about Federal Bank SBI Credit Card

Here are the FAQs:

One can withdraw cash from his/her Federal Bank SBI Credit Card from a wide network of 10 lakh Visa ATMs worldwide.

To locate the nearest SBI Card Drop Box, you need to type “PIN” your 6-digit postal code in your mobile phone and send it to 56767. You will further receive a list of SBI Card Dropbox near your location.

One can pay all utility bills such as water, electricity, phone, gas, insurance, etc., online through the Federal Bank SBI Credit Card to save time and earn extra reward points which can later be redeemed.

In case you run out of cash to pay your credit card outstanding with some other bank for a particular month, you can just settle the bill through your Federal Bank SBI Credit Card and convert the amount paid to EMIs to reduce the financial burden, as the company offers the facility of the balance transfer. By doing this you can not only avail of a lower rate of interest but also receive payback in EMIs.

Your Federal Bank SBI Credit Card can be used in more than 2.4 crore outlets across the globe out of which 3.25 lakhs are there in India. Payments can be made in any store that accepts MasterCard or Visa.

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