Spar SBI Card

SBI Card has partnered with Spar, an Indian grocery store retail chain, to introduce three new credit cards. Among them, the Spar SBI Card stands out with its accelerated reward points, milestone perks, and other attractive features. Ideal for avid shoppers at Spar, Lifestyle, Home Centre, and Max stores, this credit card caters to those who frequent these establishments. Furthermore, cardholders have the option to convert their reward points into Landmark Rewards, providing a dual benefit for customers.

Key Highlights of Spar SBI Card

  1. Annual Fee: Rs. 499
  2. Receive 2,000 bonus reward points upon paying the joining fee
  3. Earn 5 reward points for every spend at landmark stores or websites
  4. Enjoy up to 16,000 reward points through milestone benefits

Features and Benefits of Spar SBI Card

The Spar SBI Card offers several features and benefits:

1. Welcome Benefits: Receive 2,000 reward points upon payment of the joining fee.

2. Milestone Benefits: Earn an 8,000 reward point bonus with a minimum annual spend of Rs.2 lakh.

3. Reward Point Benefits:

  • Acquire 1 reward point for every Rs.100 spent on miscellaneous expenses.
  • Obtain 5 reward points for every Rs.100 spent at Landmark Stores (Spar, Lifestyle, etc.), dining, and movies.

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

5. Renewal Benefit: Paying the renewal fee of Rs.499 (plus GST) grants you 2,000 reward points.

6. International Access: Spar SBI Card is accepted at over 24 million outlets worldwide.

7. Balance Transfer Benefits: Spar SBI Card allows for balance transfers.

8. Add-on Card Benefits: Primary cardholders can obtain add-on cards for family members aged 18 and above.

Spar SBI Card Fees and Charges

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

  1. Joining Fee: Rs. 499
  2. Renewal Fee: Rs. 499
  3. Finance Charges: 3.50% per month (42% per annum)
  4. Late Payment Fee:
  • Statement Balance Less than Rs. 500 – Nil
  • Rs. 500 up to Rs. 1,000 – Rs. 400
  • Rs. 1,000 up to Rs. 10,000 – Rs. 750
  • Rs. 10,000 up to Rs. 25,000 – Rs. 950
  • Rs. 25,000 up to Rs. 50,000 – Rs. 1,100
  • Amount over Rs. 50,000 – Rs. 1,300

Eligibility Criteria for Spar SBI Card

Here are essential criteria for applying for an Spar SBI Card:

  1. Employment Status: Individuals eligible for credit card applications should either hold a salaried position or be self-employed.
  2. Nationality: Eligibility is restricted to Indian citizens.
  3. Age: Applicants must have reached the age of 18.
  4. Credit Score: A favorable credit score is a prerequisite for credit card application approval.

Documents Required for Spar SBI Card

To apply for the Spar SBI Card, you will typically need to provide the following 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?

Follow these steps to apply for the Spar SBI Card:

  1. Visit the Official Website: Go to the official website of Spar SBI Card to access the application portal.
  2. Choose the Spar SBI Card: Select the specific Spar SBI Card product that suits your needs and preferences.
  3. Fill out the Online Application Form: Complete the online application form with accurate personal and financial information.
  4. Submit Required Documents: Upload the necessary documents as specified by the application process, such as proof of identity, address, and income.
  5. Review and Confirm: Double-check all the entered information for accuracy, and submit the application. Await confirmation from Spar SBI Card regarding the status of your application.

Frequently Asked Questions (FAQs)

1. What is Spar SBI Card?

Spar SBI Card is a credit card offered by State Bank of India in collaboration with Spar, providing a range of benefits and features for cardholders.

2. How can I apply for a Spar SBI Card?

You can apply for a Spar SBI Card by visiting the official Spar SBI Card website, selecting the desired card, and completing the online application form with the required details.

3. What documents are required for Spar SBI Card application?

Typically, you’ll need proof of identity, address, and income. Specific document requirements may vary, so it’s advisable to check the official website or contact customer support for precise details.

4. What are the eligibility criteria for Spar SBI Card?

Eligibility criteria may include factors such as employment status, age, and nationality. To ensure you meet the criteria, refer to the specific details mentioned on the Spar SBI Card website.

5. How long does it take for Spar SBI Card approval?

The approval timeline can vary. After submitting your application, the processing time will depend on various factors, including document verification. You can check the status of your application on the official website or contact customer service for updates.

6. What features and benefits come with Spar SBI Card?

Spar SBI Card offers a range of features, including rewards programs, cashback options, and discounts on specific purchases. Refer to the card’s terms and conditions or promotional materials for detailed information on benefits.

7. How can I check my Spar SBI Card balance?

You can check your Spar SBI Card balance through the official website, mobile app, or by contacting the customer service hotline. Additionally, monthly statements provide a detailed overview of transactions and balances.

8. Is there an annual fee for Spar SBI Card?

Annual fees may vary depending on the specific Spar SBI Card variant you choose. Review the terms and conditions or contact customer support to understand the applicable fees associated with your chosen card.

9. How do I report a lost or stolen Spar SBI Card?

In case of a lost or stolen card, promptly contact Spar SBI Card customer service to report the incident. They will guide you through the necessary steps, such as blocking the card and initiating the issuance of a replacement.

10. Can I redeem rewards earned on my Spar SBI Card?

Yes, Spar SBI Card usually provides a redemption mechanism for the rewards earned. Check the rewards program details on the official website or contact customer support for information on how to redeem your rewards.