Reliance SBI Credit Card - Features, Benefits, Fees & Charges

Reliance SBI Credit Card (4.2)

Co-Branded Best For: Shopping
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Are you a frequent shopper at Reliance Stores and looking to save more on your purchases? The Reliance SBI Credit Card can be a go-to option for you. It has a nominal joining and annual fee of ₹499. As a welcome benefit, you'll receive a Reliance Retail voucher worth ₹500 and an additional discount voucher of ₹3,200, which can be redeemed at Reliance brands such as JioMart, Ajio, Netmeds, etc. Additionally, you can enjoy a reward rate of 1.25% on spending at selected Reliance Retail stores, dining, and movies. Read on to discover more. 👇

Features and Benefits

Aspects that make spending using this card lit as the sun!

Welcome Bonus
Travel
Fuel
Rewards
Shopping
Cashback
Dining
Insurance
Interest
Lounge
Welcome Bonus
  • Reliance Retail voucher worth ₹500
  • Additional discount voucher worth ₹3,200 that can be redeemed on selected Reliance Retail stores

Note- Vouchers shall be delivered within 45 days of payment of joining fees. For list of brands, click here.

Reward Points
  • 5 reward points per ₹100 spent on the selected Reliance Retail stores
  • 5 reward points per ₹100 spent on dining & movies
  • 1 reward point per ₹100 spent on other retail purchases except for fuel, rental property and wallets
  • 1 reward point = ₹0.25
  • Reward Rate = 0.25% to 1.25%
Milestone Benefit
  • Annual fee waiver on spending more than ₹1 lakh in the previous year
  • Reliance Retail voucher worth ₹500 on annual spends of ₹25,000 
  • Reliance Retail voucher worth ₹750 on annual spends of ₹50,000
  • Reliance Retail voucher worth ₹1,000 on annual spends of ₹80,000

For a list of participating Reliance Retail stores, click here.

Fuel Surcharge

1% surcharge waiver across all petrol pumps in India for transactions between ₹500 and ₹4,000.

Other Benefit
  • Convert your transactions into monthly instalments from 0.83% per month for 3 months
  • Make any purchase for ₹2,500 or more and log in with your username and password to sbicard.com within 30 days of purchase to convert it into Flexipay.
  • You can use your Reliance SBI Card at over 24 million outlets worldwide, including 3,25,000 outlets in India.
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹ 499

Annual Fee

₹ 499

Annual Percentage Rate

42.00%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.5%

Cash Advance Limit

80%

Card Replacement Fee

₹100

Foreign Transaction Fee

3.5%

Over Limit Penalty

2.5%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.30
Late Payment Charges

Balance from ₹0 to ₹500

Nil

Balance from ₹500 to ₹1000

₹400

Balance from ₹1000 to ₹10000

₹750

Balance from ₹10000 to ₹25000

₹950

Balance from ₹25000 to ₹50000

₹1,100

Balance more than ₹50,000

₹1,300
Pros

Aspects that make this credit card amazing.

  1. It offers a decent reward rate of 1.25%.
  2. It comes with a low joining and annual fee.
  3. It can be used in any Reliance Retail outlet.
Cons

Aspects this credit card lacks.

  1. It does not offer free lounge access.
  2. No reward points on fuel, rental property, wallet uploads and UPI payments.
  3. It mainly favours customers who frequently shop at Reliance stores.
  4. It charges ₹99 for reward redemption.
Reliance SBI Rating & Reviews

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

Charges

(4)

Rewards

(3.5)

Customer Service

(4)

Reliance SBI Credit Card Review

The Reliance SBI Credit Card is a shopping card designed for customers who frequently shop at Reliance Retail stores such as JioMart, Trends, Reliance Digital, Ajio, and others. This entry-level credit card provides 5 reward points per ₹100 spent on shopping at Reliance Retail, dining, and movies and 1 reward point for every other retail spend. One of the main advantages of this card, which may be attractive to many young cardholders, is that it is a RuPay Credit Card, making it simple to link to your UPI application and make easy payments.

However, if you do not shop on Reliance brands or do not want to restrict earning rewards only to selected merchants, you can consider the following cards:

  1. Axis Bank Neo Credit Card

  2. Amazon Pay ICICI Credit Card

  3. SBI SimplyClick Credit Card

  4. American Express SmartEarn Credit Card 

Overview

Joining and Annual Fee

₹499 plus taxes 

Reward Rate

0.25% to 1.25%

Best For

Shopping

Welcome Bonus

Reliance Retail Voucher worth ₹500 on payment of joining fees.

Reward Points on Reliance SBI Credit Card

Category

Reward Points

Reliance Retail Stores (except on UPI payments)

5 reward points per ₹100 spent

Dining & movies

5 reward points per ₹100 spent

Other retail purchases (except fuel, property rental, wallet upload)

1 reward points per ₹100 spent

Who should get a Reliance SBI Credit Card?

The Reliance SBI Credit Card is a good choice for individuals who:

  • Frequently shop at Reliance Retail stores, including Reliance Fresh, Reliance Mart, Reliance Digital, Reliance Trends, and JioMart.

  • Spend a significant amount of money on dining and movies.

  • Are looking for a credit card with a wide range of benefits and rewards.

  • Have a good credit score and income.

If you fall into any of these categories, the Reliance SBI Credit Card may be a good choice for you. However, it is important to compare different credit cards before applying to make sure you are getting the best deal for your needs.

How to apply for a Reliance SBI Credit Card?

There are two ways to apply for the Reliance SBI Credit Card:

Online:

  • Visit the SBI Card website and click on the "Credit Cards" tab
  • Choose the Reliance SBI Credit Card and click on "Apply Now"
  • Fill in the online application form and submit it
  • You will receive an instant decision on your application. If your application is approved, you will receive a call from the SBI Card team for verification
  • Post necessary verification, the card will be issued to you

Offline:

  • Visit the nearest SBI branch
  • Ask for a Reliance SBI Credit Card application form
  • Fill in the application form and submit it
  • An SBI Card representative will contact you for further processing

Once your application is submitted, it takes 7-10 working days to process it. If your application is approved, you will receive your credit card within 15 working days.

Reliance SBI Credit Card Eligibility

Applicants must have a stable source of income to be eligible for this credit card.

Documents Required

  • Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Latest one or two salary slips (not more than three months old), latest Form 16, and the last 3 months’ bank statement.
SBI Card Cards Issued & Spends

Keep an eye on the credit card's monthly performance through the number of cards issued and the cumulative transaction value!

Bank name:

SBI Card

SBI Card Credit Card Customer Care Number:

1800 425 3800

SBI Card Card Offers:

View Offers

Total Cards:

1,95,86,884
SBI Card Credit Card News
23 Mar 2024, Saturday
1. SBI Card and Titan Team Up to Launch Exclusive Shopping Credit Card - Titan SBI Card

SBI Cards and Titan have joined forces to introduce the Titan SBI Card, a co-branded credit card aimed at fulfilling customers' aspirations for premium shopping. This card offers a variety of benefits, including:

  • Lucrative cashback: Cardholders can enjoy a generous 7.5% cashback on purchases at Titan stores (watches, Taneira, Titan EyePlus, and other non-jewellery brands) and 5% cashback at partner stores (Mia, Caratlane, and Zoya).
  • Annual benefits exceeding Rs 2 lakh: The Titan SBI Card promises rewards worth over ?2,00,000 annually through cashbacks, gift vouchers, and reward points (specific details not mentioned in the sources reviewed).
04 Mar 2024, Monday
2. SBI Card changes reward program, ends rent points and physical DreamFolks Cards.

SBI Card is making changes to its credit card program starting 1 April, 2024. These changes include:

  • No more reward points for paying rent with many of their cards.
  • They will no longer issue physical cards for DreamFolks memberships.
  • They are updating their minimum payment calculation method to be more transparent and fair.

Here's some of the list of affected Credit Cards:

30 Oct 2023, Monday
3. State Bank of India Card (SBI Card) has announced its plans to introduce a fresh array of shopping credit cards in partnership with Reliance Industries.

According to reports, the upcoming credit card offering from Mukesh Ambani, Asia's richest man, is expected to be named 'Reliance SBI Card'. The new credit card is set to provide customers with a host of "exclusive" benefits that are designed to enhance their shopping experience.

It is launching two credit cards in collaboration with Reliance. The first one is called Reliance SBI Card and has a joining fee of Rs. 499. It offers basics such as discounts on shopping with Reliance Brands. The second one is called Reliance SBI Card Prime and has a joining fee of Rs. 2999. It offers more benefits such as complimentary lounge access along with discounts on Reliance Brands. SBI Card will release more information about these cards when they are launched officially.

15 Oct 2023, Sunday
4. Earn Rs. 250 Amazon voucher when you connect your SBI RuPay credit card to UPI.

As part of this program, SBI RuPay credit cardholders have the opportunity to link their card with their preferred UPI app and make transactions of at least Rs 100 during the offer period, which runs from October 12, 2023, to November 11, 2023. Upon meeting this requirement, they will receive a Rs 250 Amazon Discount E-voucher that can be used for either a 3-month or 12-month Amazon Prime membership.
Each cardholder is entitled to receive only one voucher, which will be sent via email to their registered email address on or before December 31, 2023.
The E-vouchers are valid until April 30, 2024, and can be used to extend Amazon Prime memberships by up to 12 months, with a limit of one extension per customer. 

22 Apr 2023, Saturday
5. SBI beats peers in new cards added for February

SBI and Axis Bank are leading the credit card market in terms of new cards added for the month of February. Axis Bank, with the new found customer base of Citi Bank showed a growth of 11.7%. In terms of new customers, the number stood at 2,00,000 new cards issued.

SBI on the other hand, singlehandedly lead the race with a growth of 19.8% for the same period, adding 3,00,000 new cards issued by the legacy bank.

The two leaders were followed by ICICI Bank, and Kotak Mahindra Bank with 80,000 additions. HDFC Bank trailed the top 5 list with only 60,000 cards added to its existing numbers.

11 Apr 2023, Tuesday
6. SBI Card revises cashback benefits on service

Starting 1st May 2023, SBI will revise some of its cashback and discount services. Under the revision, the domestic airport lounge services will be discontinued. Apart from these, cashback on services like jewellery, school and educational services, utilities, insurance services cards, member financial institution/quasi cash, and railways and others will also be axed. The bank will also be setting a limit on cashback that can be availed through online and offline transactions to Rs 5,000 per statement cycle. These changes come after SBI cards recorded the highest new card issuances at 3,00,000 in February. Yet, SBI also experienced a 7% month-on-month reduction in credit card spending.

Reliance SBI Customer Reviews

No Customer reviews yet. Be the first to review this card.

Frequently Asked Questions

To be eligible for a Reliance SBI Card, you must meet the following criteria:

  • Be a resident of India
  • Be between the ages of 18 and 65
  • Have a regular source of income
  • Have a good credit score

When applying for a Reliance SBI Card, you will need to submit the following documents:

  • Identity proof, such as a PAN card, Aadhaar card, or passport
  • Address proof, such as a driving license, utility bill, or bank statement
  • Income proof, such as salary slips, Form 16, or ITR

Category

Reward Points

Reliance Retail Stores (except on UPI payments)

5 reward points per Rs.100 spent

Dining & movies

5 reward points per Rs.100 spent

Other retail purchases (except fuel, property rental, wallet upload)

1 reward points per Rs.100 spent

You can apply for a Reliance SBI Card online, through the SBI Card website or app, or by visiting a SBI branch.

Yes, there are some fees and charges associated with a Reliance SBI Card. These include:

  • Annual fee: Rs.499
  • Late Payment Charges:
    • Late Payment charges will be applicable if the Minimum Amount Due is not paid by the payment due date.

      NIL for Outstanding Amount on payment date from Rs.0-Rs.500
      Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000;
      Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000;
      Rs. 950 for Outstanding Amount greater than Rs. 10,000  up to Rs. 25,000;
      Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000
      Rs. 1300 for Outstanding Amount greater than Rs. 50,000

There are other charges as well. Please visit Select by Finology to know more.

Yes, you can use your Reliance SBI Card outside of India. However, you may be charged a foreign currency transaction fee.

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