SBI IRCTC Platinum Credit Card

SBI, one of India’s most renowned card issuers, has introduced the IRCTC SBI Platinum Credit Card in collaboration with Indian Railways. This credit card offers attractive rewards and privileges, especially considering its affordable pricing. The card is available at a nominal fee of Rs 500, plus applicable taxes.

With the IRCTC SBI Platinum Credit Card, cardholders have the opportunity to earn 350 bonus reward points by spending Rs. 500 within the initial 45 days of card activation. Additionally, users can benefit from a 10% value back when booking train tickets through IRCTC’s website in the form of reward points. The card also provides a 1% fuel surcharge waiver at petrol stations across India.

In addition to these advantages, the card offers the convenience of contactless payments, simplifying everyday transactions for users.

Key Highlights of IRCTC SBI Platinum Credit Card

  • Annual Fee:  500 (waived off till 31st March 2021)
  • Renewal Fee:  300 second year onwards
  • Add-on Fee: Nil, there are no additional charges

Features and Benefits of SBI IRCTC Platinum Credit Card

  1. Universal Acceptance: Your IRCTC SBI Platinum Credit Card is widely accepted wherever Visa or MasterCard is recognized, offering you convenience and flexibility in making payments.
  2. Welcome Reward Points: Spend Rs. 500 or more within 45 days of receiving your card, and you’ll earn an additional 350 Reward Points.
  3. Rail Ticket Booking: When you book rail tickets through irctc.co.in, you can enjoy up to a 10% reward in the form of Reward Points, adding value to your travel expenses.
  4. Global Card Replacement: You have the peace of mind knowing that you can replace your SBI IRCTC SBI Platinum Credit Card from anywhere in the world simply by calling our 24-hour emergency hotline.
  5. Transaction Charge Waiver: When you order railway tickets at irctc.co.in, you’ll benefit from a 1.8% transaction charge waiver, saving you money on your bookings.
  6. Reward Points on Purchases: Earn one Reward Point for every Rs. 125 spent on non-fuel purchases, allowing you to accumulate points with your everyday spending.
  7. Fuel Levy Waiver: Enjoy a 1% waiver on the fuel levy at all Indian gas outlets, providing savings on fuel expenses.
  8. Free Rail Tickets: You can use your accumulated Reward Points to book free rail tickets, with 1 Reward Point equivalent to 1 Rupee, making your travel even more rewarding.

SBI IRCTC Platinum Credit Card Fees and Charges

  1. Annual Fee: ₹500
  2. Renewal Fee: ₹300
  3. Finance Charges: Up to 3.50% per month (equivalent to 42% per annum)
  4. Late Payment Fee:
  • For Statement Balance Less than ₹500: Nil
  • For Statement Balance ₹500 up to ₹1,000: ₹400
  • For Statement Balance ₹1,000 up to ₹10,000: ₹750
  • For Statement Balance ₹10,000 up to ₹25,000: ₹950
  • For Statement Balance ₹25,000 up to ₹50,000: ₹1,100
  • For Statement Balance Amount over ₹50,000: ₹1,300

SBI IRCTC Platinum Credit Card Eligibility

The SBI IRCTC Platinum Credit Card has specific eligibility requirements that include:

  1. Age: Applicants should fall within the age range of 21 years to 70 years.
  2. Employment: You can be either a salaried employee or self-employed to qualify.
  3. Credit Score: A positive credit history with a good credit score is essential to meet the eligibility criteria.

Documents Required for SBI IRCTC Platinum Credit Card

The documentation requirements for obtaining an IRCTC SBI Platinum Credit Card are straightforward and uncomplicated. You will need to provide the following documents:

1. Two recent color passport-sized photographs.
2. Proof of Identity (any of the following): passport, driver’s license, voter’s ID, PAN card, or Aadhaar card.
3. Proof of Income:

  • Either the last three months’ pay stubs or bank statements.
  • Last year’s Income Tax Return (ITR) along with the bank statement for the past three months and Form 16.

4. Proof of Address (acceptable forms include):

  • Passport
  • Driver’s license
  • Voter’s ID
  • Aadhaar card
  • Electricity bill
  • Telephone bill
  • Postpaid mobile phone bill
  • Bank account or Post Office savings bank account statement.

How to apply for SBI IRCTC Platinum Credit Card

To apply for the IRCTC SBI Platinum credit card, you will need to provide the following documents:

1. Proof of Identity: You can use any of the following documents as proof of identity:

  • Aadhar Card
  • PAN Card (If you don’t have a PAN Card, you can submit Form 16)
  • Driving License
  • Voter ID Card

2. Proof of Address: You can submit any of the following documents as proof of address:

  • Aadhar Card
  • Driving License
  • Voter ID Card
  • Passport
  • Utility bills in the name of the applicant (the person applying for the credit card)

3. Proof of Income: Depending on your employment status, you can provide one of the following as proof of income:

  • Salary slips for the last three months (if you are a salaried individual)
  • Bank statements for the last three months
  • Income Tax Return (ITR) documents
  • Form 16

These documents will be essential in the application process for the IRCTC SBI Platinum credit card to verify your identity, address, and financial stability.

Frequently Asked Questions (FAQs)

1. What is the SBI IRCTC Platinum Credit Card?

The SBI IRCTC Platinum Credit Card is a co-branded credit card offered by the State Bank of India in association with the Indian Railway Catering and Tourism Corporation (IRCTC). It is designed to provide exclusive benefits and rewards for frequent train travelers.

2. How can I apply for the SBI IRCTC Platinum Credit Card?

You can apply for the SBI IRCTC Platinum Credit Card through the official SBI website or by visiting an SBI branch. The application process typically involves filling out an online form and providing necessary documents.

3. What are the key features of the SBI IRCTC Platinum Credit Card?

The card offers benefits such as accelerated reward points on train ticket bookings through the IRCTC website, fuel surcharge waiver, dining discounts, and more. Check the latest features and benefits as they may be subject to change.

4. How do I earn reward points with the SBI IRCTC Platinum Credit Card?

Cardholders can earn reward points by using the SBI IRCTC Platinum Credit Card for eligible transactions. Typically, higher rewards are offered for railway ticket bookings through the IRCTC website, and there are additional points for other spending categories.

5. Are there any annual fees associated with the SBI IRCTC Platinum Credit Card?

The annual fee and other charges may vary, and it’s recommended to check the latest fee structure on the official SBI website or contact the bank directly.

6. Can I redeem the reward points earned with this credit card?

Yes, the reward points earned on the SBI IRCTC Platinum Credit Card can usually be redeemed for a variety of options, including train ticket bookings, shopping vouchers, merchandise, and more. Check the redemption options available at the time of your inquiry.

7. Is there a limit on the cash withdrawal facility with this credit card?

Yes, cash withdrawal limits are applicable to the SBI IRCTC Platinum Credit Card. The specific limit depends on various factors, including the cardholder’s credit limit and the terms and conditions of the credit card.

8. How can I check my credit card statement and track expenses?

Cardholders can view their credit card statements and track expenses through the SBI Card website or mobile app. Online account access provides a convenient way to manage transactions, check balances, and view statements.

9. Does the SBI IRCTC Platinum Credit Card offer any travel-related insurance benefits?

Some credit cards offer travel insurance benefits, including coverage for accidents, lost baggage, and trip cancellations. It’s advisable to review the terms and conditions of the credit card to understand the extent of the insurance coverage provided.

10. How can I contact SBI customer support for queries related to the SBI IRCTC Platinum Credit Card?

Customers can reach SBI customer support through the contact details provided on the official SBI website. This may include phone numbers, email addresses, or a customer service portal.