SBI AURUM Credit Card

SBI Card has entered the super-premium credit card market by unveiling the metallic Aurum Credit Card. Positioned as the new flagship, the Aurum Card competes directly with HDFC Bank Infinia, ICICI Bank Emeralde, and American Express Platinum charge cards. Replacing the SBI ELITE Credit Card as most premium offering, the Aurum Credit Card boasts an upscale aesthetic with its metallic design and sleek black finish adorned with golden stripes.

Aside from the standard Reward Points benefits, this high-end credit card comes with a variety of complimentary privileges. Achieving specific spending milestones would earn you complimentary gift vouchers from Tata CliQ Luxury and Taj.

Key Highlights of SBI AURUM Credit Card

  1. Welcome Benefit: Receive 40,000 Reward Points upon obtaining the SBI AURUM Credit Card, where 4 Reward Points equal Re. 1.
  2. Annual Fee Waiver: The card renewal fee is waived if you achieve annual spends of Rs. 12,00,000.
  3. Reward Points Earning: Earn 4 Reward Points for every Rs. 100 spent using the SBI AURUM Credit Card, resulting in a reward rate of 1%.
  4. Milestone Rewards: Attain Tata CLiQ Luxury Vouchers worth Rs. 5,000 upon reaching a milestone spend of Rs. 5 lakh.
  5. Annual Expenditure Bonus: Receive a Rs. 10,000 Taj Voucher for achieving an annual expenditure of Rs. 10 lakh.
  6. Lounge Access:

Features and Benefits of SBI AURUM Credit Card

The SBI AURUM Credit Card offers several features and benefits:

1. Welcome Benefits:

  • Receive 40,000 Reward Points valued at Rs. 10,000 upon joining.
  • Enjoy complimentary memberships for 6 months in Zomato Pro, Eazydiner Prime, Amazon Prime, Discovery Plus, Lenskart Gold, and BBStar.

2. Monthly Spends Benefits: Earn a Tata CliQ voucher worth Rs. 1,500 by spending Rs. 1 lakh monthly.

3. Yearly Spends Benefits:

  • Obtain Tata CliQ Luxury worth Rs. 5,000 on annual spending of Rs. 5 lakh.
  • Receive a Taj voucher worth Rs. 10,000 on annual spends of Rs. 10 lakh.
  • Get Apple vouchers worth Rs. 20,000 on yearly spends of Rs. 20 lakh.

4. Travel Benefits:

  • Limited complimentary lounge access at domestic airports.
  • Unlimited complimentary lounge access at international airports.
  • Enjoy complimentary spa access at select domestic airports.
  • Flight cancellation benefits, covering Rs. 3,500/ticket for refundable tickets and Rs. 3,000/ticket for non-refundable tickets, up to twice a year (excluding taxes and convenience charges).

5. Airport Lounge Access:

  • Avail 4 complimentary domestic airport lounge accesses per quarter under Visa/MasterCard Domestic Lounge Program.
  • Unlimited international airport lounge access with complimentary membership in the Dreamfolks airport lounge program.

6. Dining and Movie Benefits:

  • Complimentary memberships for Zomato Pro and Eazydiner Prime.
  • Receive 4 movie tickets monthly from BookMyShow (max value of one ticket capped at Rs. 250). A cooling period of 24 hours applies between bookings.

7. SBI AURUM Credit Card Dedicated Services:

  • Access a dedicated 24×7 lifestyle concierge service for flight bookings, hotel reservations, referrals, gift deliveries, etc.
  • Enjoy secretarial access, allowing your secretary or personal assistant to manage your Aurum SBI Card account on your behalf.

SBI AURUM Credit Card Fees and Charges

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

1. SBI Aurum Card Fees:

  • Joining and annual fee: Rs. 9,999 plus applicable taxes.
  • Annual fee waiver: Spend Rs. 12 lakhs or more in the previous anniversary year.

2. Interest Rate:

  • Credit card interest rate: 3.5% per month, equivalent to 42% per annum.

3. Foreign Currency Transactions:

  • Foreign currency markup fee: 1.99% of the total transaction amount.
  • Charged when making transactions in a different currency.

4. Cash Advance:

  • Cash advance fee: 2.5% of the withdrawn amount, with a minimum of Rs. 500.
  • Applicable when withdrawing cash using the credit card.

Eligibility Criteria for SBI AURUM Credit Card

Here are essential criteria for applying for an SBI AURUM Credit Card:

  1. Salaried individuals must be at least 21 years old, while self-employed individuals should be a minimum of 25 years old.
  2. A prerequisite for eligibility is an annual income equal to or exceeding 40 lakhs.
  3. A strong credit score is essential, along with a well-established and positive relationship with the card issuer.

Documents Required for SBI AURUM Credit Card

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

1. Identity Proof:

2. Address Proof:

  • Utility bills
  • Aadhar Card
  • Passport
  • Ration Card
  • Driving License

3. Income Proof:

  • Latest bank statements
  • Salary slips
  • Income Tax Return (ITR)

How To Apply for SBI AURUM Credit Card?

Follow these steps to apply for the SBI AURUM Credit Card:

Online Application for SBI AURUM Credit Card:

  1. Visit SBI Official Website: Go to the State Bank of India (SBI) official website.
  2. Navigate to Credit Cards Section: Locate and access the “Credit Cards” section on the SBI website.
  3. Choose AURUM Credit Card: Select the AURUM Credit Card from the available options.
  4. Fill Online Application Form: Complete the online application form with the required personal and financial details.
  5. Submit Documents and Verification: Upload necessary documents as per the instructions and undergo the verification process. Await approval from the bank.

Offline Application for SBI AURUM Credit Card:

  1. Visit Nearest SBI Branch: Visit the nearest State Bank of India branch.
  2. Request Credit Card Application: Request an SBI AURUM Credit Card application form from the bank officials.
  3. Fill and Submit Application: Fill out the application form with accurate information and submit it along with the required documents to the bank.
  4. Document Verification: The bank will verify the submitted documents and information.
  5. Wait for Approval: Await approval for the SBI AURUM Credit Card, and the bank will notify you of the status.

Frequently Asked Questions (FAQs) –

1. What is the SBI AURUM Credit Card?

The SBI AURUM Credit Card is an exclusive credit card offered by State Bank of India, designed to provide premium benefits and privileges to cardholders.

2. What are the key features of the SBI AURUM Credit Card?

The card offers premium features such as higher credit limits, reward points, travel benefits, concierge services, and exclusive access to airport lounges.

3. How can I apply for the SBI AURUM Credit Card?

You can apply for the SBI AURUM Credit Card online by visiting the official SBI website or offline by visiting a nearby SBI branch and filling out the application form.

4. What documents are required for SBI AURUM Credit Card application?

Commonly required documents include proof of identity, address, and income. This may include Aadhar Card, PAN Card, utility bills, salary slips, etc. Check with the bank for specific requirements.

5. What is the eligibility criteria for the SBI AURUM Credit Card?

Eligibility criteria may include a minimum income requirement, a good credit score, and other factors. It’s advisable to check with SBI for the most up-to-date eligibility requirements.

6. How long does it take for SBI to process and approve the AURUM Credit Card application?

The processing time varies, but typically it takes a few days to a few weeks. Applicants can check the status of their application through the bank’s online portal or by contacting customer service.

7. What fees are associated with the SBI AURUM Credit Card?

The card may have an annual fee, joining fee, or other charges. It’s important to review the terms and conditions provided by SBI and understand the associated fees before applying.

8. Can I convert my existing SBI credit card to the AURUM Credit Card?

Depending on the terms and conditions set by SBI, existing credit cardholders may have the option to upgrade to the AURUM Credit Card. Contact SBI credit card customer care service for details on the upgrade process.

9. How can I redeem the reward points earned on my SBI AURUM Credit Card?

SBI provides a redemption process for accumulated reward points. This can typically be done through the SBI credit card portal or by contacting customer service.

10. What additional benefits come with the SBI AURUM Credit Card?

Additional benefits may include travel insurance, discounts on dining and shopping, and access to exclusive events. Refer to the card’s terms and conditions or contact SBI for specific details on the benefits offered.