South Indian Bank SBI Platinum Credit Card

The South Indian Bank SBI Platinum is a global Credit Card that has come with some great benefits for the cardholders. The card offers amazing features that include easy bill payment facility, renewal gift, instant cash, and instalment payments.

Highlights:

• 2 reward points on every expense of Rs 100
• 5X reward points on all expenses on grocery, departmental stores, international stores, and dining
• Complimentary access to golf courses
• Complimentary access to airport lounges

Advantages:

• When an application is made for this card, the applicant gets Rs 3000 worth e-gift voucher within 15 working days from one of the companies mentioned below:

• Shoppers Stop
• Yatra
• Bata or Hush Puppies
• Westside
• Marks & Spencer

• A cardholder can avail 5X Reward Points on all expenses on grocery, dining, and at international and departmental stores. 2 reward points can be availed for every expense of Rs 100 on other categories, using the card. The 5X points offer allows cardholders to earn up to a maximum of 40,000 points per year.
• Expenses of Rs 4 lakhs and Rs 5 lakhs, yearly, by using this card, ensure 10x reward points for the cardholder.
• A cardholder can avail complimentary membership to the Priority Pass program worth $99.
• The VISA Access program allows a cardholder to enjoy free access to all airport lounges throughout the world. When a cardholder visits any lounge, a usage fee of only $27 is charged to the card.

Characteristics:

• This card can be used to withdraw cash from all VISA ATMs throughout the world 
• An expense of over Rs 2 lakhs, using the card, in a year, allows cardholders to earn vouchers worth 3000 INR as a renewal gift. These vouchers can be redeemed at all partner stores.
• Cardholders enjoy access to more than 300 golf courses throughout the world and can enjoy a 30% discount on green fee, when payment is made using the card.
• The card account can be easily managed online.
• Cardholders enjoy waiver on the 2.5% fuel surcharge, when their expense on fuel, using the card, is between Rs 500 and Rs 4000.
• The Easy Bill Pay facility of the card can be used to pay utility bills like electricity bills, insurance, telephone bills, etc. Cardholders can also furnish the bank with standing instructions so that the monthly bills get paid automatically.
• The credit card transactions can be converted into easy instalment plans with the help of the Flexipay option. The SBI Card helpline can be contacted in order to select a suitable plan.
• Cardholders can do easy online railway bookings.
• The EMI or Balance Transfer facility can be used to transfer the outstanding balance of other banks’ credit cards to the South Indian Bank SBI Platinum credit card. This allows cardholders to return the outstanding in instalments while availing lower interest rates.
• Add-on cards can be applied for spouse, parents, children, or siblings. The minimum age of the add-on cardholder needs to be 18 years.
• The Easy Money facility can be used to get money easily. The facility enables cardholders to get a draft or cheque against the cash limit. The cheque or draft is delivered by the bank to the cardholder’s doorstep. 
• The card is accepted by over 2 million VISA outlets across the globe.
• This card can be replaced at any corner of the world. The 24 x 7 helpline number can be contacted for availing the emergency replacement facility.

Types of Charges and Fees:

• The annual fee is Rs 2999.
• The renewal fee is Rs 2999.
• There is no add-on card fee.
• The interest-free credit period is of 25 to 50 days.
• The cheque pickup fee is Rs 90.
• The finance charge is 3.35% per month.
• The Cash Advance Limit is up to 80% of credit limit, maximum being Rs 15000 per day.
• Fee for Charge-Slip Retrieval is Rs 225 per charge slip.
• The cash advance fee is 3% of transacted amount, minimum being Rs 300, in case of international ATMs. In case of domestic ATMs, the fee is 2.5% of transacted amount, minimum being Rs 300.
• The minimum due is 5% of the entire outstanding balance. 
• Payment dishonour fee is 2% of the payment amount, minimum being Rs 350.
• Overlimit fee is 2.5% of overlimit amount, minimum being Rs 500.
• Fee for statement retrieval is Rs 100 per statement, if the statement is minimum 2 months old.
• Cash payment fee is Rs 100.
• Card replacement fee is Rs 100.
• Rewards redemption fee is Rs 99.
• Fee for foreign currency transaction is a conversion mark-up of 3.5%.
• Maximum fuel surcharge waiver is Rs 250 for each statement cycle, per credit card account.
• Surcharge on train tickets purchased from the IRCTC website is 1.8% of transaction amount + service charge.
• Surcharge on train tickets bought from railway counters is Rs 30 + 2.5% of transaction amount.
• There is no cost for emergency card replacement outside India.

Late Payment Fee:

• There is no fee if the total outstanding is less than Rs 200.
• The fee is Rs 100, if the total outstanding is between Rs 200 and Rs 500.
• The fee is Rs 400, if the outstanding is between Rs 500 and Rs 1000.
• The fee is Rs 500, if the total amount outstanding is between Rs 1000 and Rs 10000.
• The fee is Rs 750, if the outstanding amount is more than Rs 10000.