SBI Card, in partnership with Spar—a popular grocery retail chain in India—has launched three credit cards, including the Spar SBI Card. This card offers accelerated reward points, milestone benefits, and more, making it ideal for frequent shoppers at Spar, Lifestyle, Home Centre, and Max stores. Customers can also convert their reward points into Landmark Rewards for added benefits.
The Spar SBI Card, created through a collaboration between State Bank of India and Landmark Stores, provides rewards not only on shopping but also on other purchases. It carries a membership fee of ₹499 plus GST and an annual fee of ₹499 plus GST. The monthly interest rate on the card is 3.35%.
SBI Card, in partnership with Spar, offers the Spar SBI Card that rewards frequent shoppers at Landmark stores with accelerated points and milestone benefits. The card has a ₹499 membership and annual fee, with a monthly interest rate of 3.35%.
Spar SBI Credit Card Rewards Program
Reward Program:
Earn 5 reward points per ₹100 spent on dining, movies, and Landmark stores including Spar, Max, Lifestyle, and Home Centre.
Earn 1 reward point per ₹100 on other retail (non-fuel) purchases.
Redemption rate: 4 reward points = ₹1.
Reward Redemption:
Convert SBI reward points to Landmark Points at 1 LMR = ₹0.60.
Other Features and Benefits
Welcome Benefits:
Earn 2,000 bonus reward points worth ₹500 on paying the annual fee.
Get ₹100 cashback on your first ATM withdrawal within 30 days of card activation.
Milestone Benefits: Earn up to 16,000 reward points (₹4,000 value) on spending:
₹20,000 – 1,000 points
₹45,000 – 2,000 points
₹95,000 – 5,000 points
₹2,00,000 – 8,000 points
Fuel Surcharge Waiver:
1% waiver (max ₹100 per statement cycle) on fuel transactions between ₹500 and ₹3,000.
Renewal Benefit:
Earn 2,000 reward points worth ₹500 on paying the renewal fee.
Additional Features:
Cash On the Go: Withdraw cash from over 1 million ATMs worldwide.
Flexipay: Convert purchases over ₹2,500 into EMIs at attractive interest rates.
Balance Transfer: Transfer outstanding balances from other credit cards and pay off via EMIs.
Easy Money: Get a cheque or draft issued against your card’s cash limit.
Fees and Charges
Type of Fee
Charge
Joining fee
Rs.499 plus GST
Annual fee
Rs.499 plus GST
Cash advance limit
Up to 80% of the credit limit
Finance charges
3.50%
Late payment fee
If the total amount due is between:
NIL if the total amount due is from Rs.0 to Rs.500.
Rs.400 if the total amount due is greater than Rs.500 and up to Rs.1,000.
Rs.750 if the total amount due is greater than Rs.1,000 and up to Rs.10,000.
Rs.950 if the total amount due is greater than Rs.10,000 and up to Rs.25,000.
Rs.1,100 if the total amount due is greater than Rs.25,000 and up to Rs.50,000.
Rs.1,300 if the total amount due is greater than Rs.50,000.
Cash advance fee
2.5% of the transaction amount (subjected to a minimum of Rs.500)
Minimum amount due
5% of the total outstanding amount (minimum of Rs.200 plus taxes)
Overlimit fee
2.5% of the amount subject to a minimum of Rs.600
Free credit period
20 – 50 days
Cheque fee
Rs.100
Foreign currency mark-up
3.5%
Card replacement fee
Rs.100
Rewards redemption fee
Rs.99
Things to Know Before you apply
Get this card if:
You frequently shop at Landmark stores like Spar, Lifestyle, Home Centre, and Max.
You want a straightforward shopping credit card with rewarding benefits.
You’re looking to earn reward points on everyday purchases.
You don’t require airport lounge access or extensive dining and entertainment perks.
Eligibility Criteria
Age: 21 to 70 years
Occupation: Salaried or Self-employed
Credit Score: Should have a good credit history
Document Required For Spar SBI Credit Card
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
Proof of Address: Aadhaar Card, Driver’s License, Passport
Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Spar SBI Credit Card Hilights
What do we like about this card?
Annual fee of ₹499.
Earn 2,000 bonus reward points on joining fee payment.
Get 5 reward points on every ₹100 spent at Landmark stores or websites.
Earn up to 16,000 reward points through milestone benefits.
Pros
Shoppers who frequent Landmark stores.
Customers who regularly shop at Spar.
Those seeking a simple, no-frills shopping credit card.
Cons
People looking for free movie ticket offers.
Those wanting extensive dining discounts.
Frequent travelers who need airport lounge access.
SBI Bank Credit Card Contact Details
SBI Bank Credit Card offers multiple ways to get assistance for your credit card queries and services.
Contact Address: SBI Cards and Payment Services Limited, Wazirpur, New Delhi
Helpline: Dial 39 02 02 02 or 1860 180 1290 (prefix local STD code)
Simply SMS: Send an SMS to 5676791 from your registered mobile number.
State bank of india
Fuel
International Use
Reward Points
