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Spar SBI Card SELECT

The SBI Card Select from Max stands as a unique credit card crafted to enhance premium shopping ventures. It’s a product of collaboration between SBI and the esteemed Landmark Group’s “Max” brand, renowned for its fashion offerings. Max caters to diverse tastes with its array of clothing, footwear, and accessories for all family members. With this card, you earn 10 reward points for every Rs 10 spent at Landmark Group’s stores, spanning Max, Lifestyle, Home Centre, and others. Additionally, upon payment of the joining fee, you instantly receive a bonus of 6000 reward points.

Key Highlights of Spar SBI Card SELECT

  1. Annual Fee: Rs. 1,499
  2. Welcome Benefit: Receive bonus reward points equivalent to Rs. 1,500
  3. Receive a maximum of 10 reward points for each Rs. 100 spent at landmark stores.
  4. Milestone Benefits: Accumulate up to 34,400 reward points
  5. First ATM Withdrawal: Receive a refund of Rs. 100 when making your first ATM withdrawal.

Features and Benefits of Spar SBI Card SELECT

The Spar SBI Card SELECT offers several features and benefits:

1. Welcome Benefits: Get 6,000 reward points as a bonus when you pay the membership fee.

2. Reward Point Benefits:

  • Earn 2 reward points for every Rs.100 spent on other expenses.
  • Obtain 10 reward points for every Rs.100 spent at Landmark Stores (Spar, Lifestyle, etc.).

3. Spend-Based Benefits:

  • Avail 12,000 reward points by spending Rs.3 lakh in a year.
  • Enjoy cumulative benefits of up to 34,400 reward points, equivalent to Rs.8,600.

4. Fuel Benefits: Benefit from a 1% fuel surcharge waiver on all transactions.

5. Renewal Benefit: Earn 6,000 reward points valued at Rs.1,500 upon renewal fee payment.

6. Reward Redemption:

  • Convert your reward points into Landmark Rewards for dual benefits.
  • 1 LMR equals 2.4 SBI Card Reward Points.
  • 1 Landmark Reward is equivalent to Rs.0.60.

Spar SBI Card SELECT Fees and Charges

Discover the fee breakdown of the Spar SBI Card SELECT and unlock its array of financial benefits.

1. Renewal Fee: Rs.1,499

  • The cost for renewing the card membership.

2. Finance Charges: 3.50%

  • The interest rate applied to the outstanding balance.

3. Annual Fee: Rs.1,499

  • The annual fee associated with maintaining the credit card.

4. Cash Advance Limit: Up to 80% of the credit limit

  • The maximum amount that can be withdrawn as cash, limited to 80% of the credit limit.

5. Cash Advance Fee:

  • 2.5% of the transaction amount (minimum Rs.300)
  • 3% of the transaction amount (minimum Rs.300) for International ATMs
  • Charges incurred when taking a cash advance.

6. Card Replacement Fee: Rs.100

  • The charge incurred for obtaining a new card due to loss or damage.

7. Minimum Amount Due: 5% of the total outstanding amount (minimum Rs.300)

  • The smallest payment necessary, determined by a percentage of the entire remaining balance.

8. Overlimit Fee: 2.5% of the amount (minimum Rs.500)

  • Fee imposed when the spending exceeds the credit limit.

9. Late Payment Fee:

  • 0 to Rs.500: Nil
  • Rs.501 to Rs.1,000: Rs.400
  • Rs.1,001 to Rs.10,000: Rs.750
  • Above Rs.10,000 up to Rs.25,000: Rs.950
  • Above Rs.25,000 up to Rs.50,000: Rs.1,100
  • Above Rs.50,000: Rs.1,300

Eligibility Criteria for Spar SBI Card SELECT

Below are the vital requirements you need to fulfill when applying for an SBI Card SELECT:

  1. Age eligibility: Individuals must fall within the age range of 18 to 60 years.
  2. Income requirement: Applicants should possess a stable source of income, regardless of whether they are employed or self-employed.
  3. Creditworthiness: A respectable credit score or positive credit history is necessary, with a preference for scores exceeding 700.

Documents Required for Spar SBI Card SELECT

To complete your application for the Spar SBI Card SELECT, you’ll generally be asked to furnish the subsequent documents:

1. 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

2. 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

3. Proof of Income:

  • Latest one or two salary slips (not more than 3 months old)
  • Latest Form 16
  • Last 3 months’ bank statement

How To Apply for Spar SBI Card SELECT?

Here are the instructions for applying for the Spar SBI Card SELECT, both online and offline:

Online Application:

  1. Visit the SBI Spar credit card application page by clicking on this link: https://www.sbicard.com/en/personal/credit-cards/shopping/spar-sbi-card-select.page.
  2. Please provide your personal information, such as your name, email address, city of residence, and mobile phone number, without repeating any details.
  3. Receive a One-Time Password (OTP) on your registered mobile number. Enter the OTP and click on ‘Apply Now’.
  4. Complete the application form and upload all required documents.

Offline Application:

  1. Collect all required paperwork needed for applying for the SBI Spar credit card.
  2. Visit your nearest SBI branch.
  3. Submit the application form and documents to a representative at the branch.
  4. Receive assistance from the bank representative throughout the application process.

Frequently Asked Questions (FAQs)

Q: What is the Spar SBI Card SELECT?

A: The Spar SBI Card SELECT is a credit card offered by State Bank of India (SBI), designed to provide exclusive benefits and rewards for shopping.

Q: How can I apply for the Spar SBI Card SELECT online?

A: Follow these steps:

  1. Click on the provided link: https://www.sbicard.com/en/personal/credit-cards/shopping/spar-sbi-card-select.page.
  2. Provide necessary details.
  3. Please input the unique One-Time Password (OTP) that has been sent to your mobile device.
  4. Complete the application form and upload required documents.

Q: What documents are needed for the Spar SBI Card SELECT application?

A: Typically, you will need proof of identity, address, and income. Specific documents may include PAN card, Aadhar card, utility bills, and income proof.

Q: Can I apply for the Spar SBI Card SELECT offline?

A: Yes, visit the nearest SBI branch with the required documents, and a bank representative will assist you in the offline application process.

Q: What are the key features of the Spar SBI Card SELECT?

A: Features may include exclusive shopping benefits, rewards on transactions, fuel surcharge waiver, and access to SBI Card offers and promotions.

Q: Is there an annual fee for the Spar SBI Card SELECT?

A: Details regarding fees and charges can be found on the official SBI Card website or by contacting SBI Card customer support.

Q: How can I check the status of my Spar SBI Card SELECT application?

A: You can check the application status online through the SBI Card website or contact SBI Card customer service for assistance.

Q: What rewards and benefits come with the Spar SBI Card SELECT?

A: Benefits may include reward points, cashback on specific categories, discounts on partner merchants, and access to exclusive events.

Q: Can I convert my Spar SBI Card SELECT transactions into EMIs?

A: Yes, SBI Card often provides the option to convert eligible transactions into easy monthly installments (EMIs). Check with the bank for specific terms and conditions.

Q: How can I contact customer support for Spar SBI Card SELECT queries?

A: Reach out to SBI Card customer support through the helpline number provided on the official website or visit the nearest SBI branch for assistance.