Central SBI Select Plus Credit Card

The Central SBI Select+ Credit Card offers an array of advantages and rewards suitable for both everyday and high-end purchases. This card provides numerous benefits and privileges, enhancing the delight and intrigue of your shopping endeavors.

Features and Benefits of Central SBI Select+ Credit Card

The Central SBI Select+ Credit Card offers several features and benefits:

1. Joining and Complimentary Benefits:

  • Upon joining, cardholders receive a Central e-gift voucher valued at Rs. 3000.
  • For the first 3 months, cardholders can obtain complimentary m-coupons worth Rs. 500 each.

2. Accelerated Select Points:

  • Earn 20 Select points for every Rs. 100 spent at any Central outlet.
  • Gain 10 Select points for every Rs. 100 spent on movies and dining.
  • Acquire 2 Select points for every Rs. 100 on non-fuel retail purchases.

3. Renewal and Milestone Select Points:

  • Spending 6 lakh or more annually earns Milestone Select points worth Rs. 4,000.
  • Annual spending of Rs. 1.5 lakh or more yields 6000 Milestone Select points.
  • Spending Rs. 3,00,000 or more earns 10,000 Milestone Select points.
  • Spending Rs. 6 lakh or more results in 16,000 Milestone Select points.
  • Card renewal brings 12,000 Select points worth Rs. 3,000 after paying the renewal fee and spending Rs. 1.25 lakh annually.

4. Instant Redemption: Redeem Select points instantly at any Central store with no minimum limit.

5. Convenient Method of Payment: Use the card for daily purchases, including grocery shopping and retail expenses.

6. Contactless:

  • Enjoy the ‘Wave and Go’ feature, enhancing convenience and speed in payments.
  • Reduced risk of duplication, loss, or fraud during contactless transactions.

7. Security:

  • The card remains in the cardholder’s hand during contactless transactions, minimizing risks.
  • Unique security key feature of Visa payWave ensures only a single transaction per wave.

8. Any Time Cash Withdrawal: Withdraw cash anytime from over 1 million Visa ATMs globally.

9. Easy Bill Payments:

  • Pay utility bills, including telephone, electricity, and insurance using the card.
  • Utilize Easy Bill Pay and SBI Card Auto Bill Pay features for seamless payments.

10. Flexipay: Convert transactions into easy monthly instalments using the Flexipay feature.

11. Easy Money: Receive a cheque or draft against the cash limit, delivered to the doorstep.

12. Balance Transfer: Transfer outstanding balances from other credit cards, with lower interest rates and easy EMIs.

13. Worldwide Acceptance: Use the card at over 24 million Visa outlets globally and 3.25 lakh outlets in the country.

14. Add-on Cards: Apply for supplementary cards for family members above 18 years.

15. Emergency and Easy Card Replacement: Call the 24*7 helpline for emergency card replacement globally in case of loss or damage.

16. E-statements: Opt for e-statements to access credit card statements anywhere, anytime.

17. Easy Process to Locate SBI Card Drop Box: Locate the nearest SBI card drop box using the PIN and area pincode or by sending an SMS to 56767. Receive a list of drop boxes in the area.

Central SBI Select+ Credit Card Credit Card Fees and Charges

Explore the fee structure for the Central SBI Select+ Credit Card and discover the financial advantages that come with it.

  1. One-Time Annual Fee: Rs.2,999 plus taxes
  2. Renewal Fee (Per Annum): Rs.2,999
  3. Supplementary Card Fee (Per Annum): NIL
  4. Interest-Free Credit Period: 25-50 days (Applicable only on retail spends if the previous month’s balance is paid in full)
  5. Finance Charges: Up to 3.35% per month (40.2% per annum) from the transaction date
  6. Minimum Amount Due: 5% of the total outstanding amount (Minimum Rs.200 + EMI + OVL amount + all applicable taxes)
  7. Cash Advance Limit: Up to 80% of the total credit limit, maximum Rs.15,000 per day
  8. Free Credit Period: NIL
  9. Finance Charge (Cash Advance): Up to 3.35% per month (40.2% per annum) from the transaction date
  10. Cash Advance Fee: 2.5% or Rs.500, whichever is higher
  11. Cheque Pickup Fee: Rs.100
  12. Payment Dishonour Fee: 2% of the outstanding payment, minimum Rs.500
  13. Statement Retrieval Fee: Rs.100 per statement (more than 2 months old)
  14. Late Payment Fee:
  • NIL (If the total amount due is 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)

Eligibility Criteria for Central SBI Select+ Credit Card

Here are essential criteria for applying for an Central SBI Select+ Credit Card:

1. Age Requirements:

  • Salaried Applicants: 21 to 70 years
  • Self-employed Applicants: 40 to 70 years
  • Pensioners: 21 to 70 years

2. Residency Criteria:

  • All applicants must be Indian residents.

3. Financial History:

  • Applicants are required to have a good credit score.
  • No history of previous loan or credit card default is allowed for eligibility.

Documents Required for Central SBI Select+ Credit Card

To apply for the Central SBI Select+ Credit Card, you will typically need to provide the following documents:

1. Copies of Aadhaar card are required.
2. Choose any one proof of identity from the following options:

  • Voter’s ID
  • Passport
  • Driving License
  • PAN card

3. Provide copies of any of the following proof of address:

  • Electricity bill
  • Telephone bill

How To Apply for Central SBI Select+ Credit Card?

Follow these steps to apply for the Central SBI Select+ Credit Card:

1. Visit the Official Website:

  • Go to the official website of the State Bank of India (SBI) and navigate to the “Credit Cards” section.

2. Choose Central SBI Select+ Credit Card:

  • Locate the Central SBI Select+ Credit Card option and click on it to view the details.

3. Check Eligibility and Terms:

  • Review the eligibility criteria and terms associated with the Central SBI Select+ Credit Card to ensure you meet the requirements.

4. Online Application Form:

  • Fill out the online application form with accurate personal and financial information as required. This may include details such as your name, address, income, employment details, etc.

5. Submit Documents and Verification:

  • Upload the necessary documents, including proof of identity, address, and income, as specified in the application process.
  • Complete any additional verification steps, if required.

Frequently Asked Questions (FAQs) –

1. What is the Central SBI Select+ Credit Card?

The Central SBI Select+ Credit Card is a credit card offered by the State Bank of India (SBI), designed to provide exclusive benefits and rewards to cardholders.

2. How can I apply for the Central SBI Select+ Credit Card online?

To apply online, visit the official SBI website, navigate to the “Credit Cards” section, select the Central SBI Select+ Credit Card, and follow the application process, providing accurate personal and financial information.

3. What are the eligibility criteria for the Central SBI Select+ Credit Card?

Eligibility criteria may include minimum age, income requirements, and credit history. Specific details can be found on the SBI website or during the application process.

4. What documents are required for Central SBI Select+ Credit Card application?

Commonly required documents include proof of identity, address, and income. Check the specific list provided during the application process and upload the necessary documents accordingly.

5. What are the key features and benefits of the Central SBI Select+ Credit Card?

The card may offer features such as rewards points, cashback, travel benefits, and exclusive privileges. Refer to the card details or contact SBI for specific benefits associated with the Central SBI Select+ Credit Card.

6. How can I check the status of my Central SBI Select+ Credit Card application?

You can track the status of your application online through the SBI website or by contacting the bank’s customer service.

7. Is there an annual fee for the Central SBI Select+ Credit Card?

Check the terms and conditions on the SBI website for information on annual fees, renewal charges, and any other applicable fees associated with the Central SBI Select+ Credit Card.

8. How do I redeem rewards earned with the Central SBI Select+ Credit Card?

Details on reward redemption options and processes can be found in the card’s terms and conditions. Typically, SBI provides an online platform for reward redemption.

9. Can I link my Central SBI Select+ Credit Card to other SBI accounts or services?

Yes, you can often link your credit card to other SBI accounts or services for seamless transactions and management. Check with the bank for specific linking procedures.

10. What should I do if my Central SBI Select+ Credit Card is lost or stolen?

Immediately report the loss or theft to SBI’s customer service through the provided helpline or online channels. The bank will guide you through the process of blocking the card and issuing a replacement.