Shaurya SBI Card: The Shaurya SBI Card, basically designed for the people who are serving the nation i.e., defence personnel. SBI Card has launched two credit cards Shaurya SBI Card and Shaurya Select SBI Card. This credit card offers great deals to the defence personnals and you can also earn bonus reward points on Canteen Stores Department (CSD), Dining, Movies, Departmental Stores and Grocery Spends.
This credit card also offers its customers with a complimentary insurance cover against personal accidents and benefits on fuel transactions. The cards can be embossed with Airforce, Army, Navy & Paramilitary’s insignia. Therefore, in this article we are going to see the features and benefits of the Shaurya SBI Card issued by SBI that is dedicated to the individuals serving the nation and the eligibility to apply for the same.
Contents
1. Shaurya SBI Card Features and Benefits
The Shaurya SBI Card offers its customer with reward program and a few other advantages.
Here we have mentioned the features and benefits offered by the Shaurya SBI Card:
- Welcome Benefits: As a welcome benefits, you get 1,000 bonus Reward Points and get the bonus Reward Points only after payment of the joining fee and the points are credited to your account within 15 days from the date of payment.
- Renewal Benefits: If Rs. 50,000 or more have been spent, the renewal fee of Rs. 2,50 is waived off on your card in the previous anniversary year.
- Fuel Surcharge Waiver: On your fuel transactions between Rs. 500 and Rs. 3,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India, with maximum surcharge waiver is capped at Rs. 250 per statement cycle.
- Insurance Benefits: Against death due to personal air accident, get insurance coverage worth Rs. 2 lakhs.
- Reward Points: On every spend of Rs. 100 on dining, groceries, movies, and departmental stores, you get 5 Reward Points and on every spend of Rs. 100 elsewhere, you get 1 Reward Point. And you can redeem your earned Reward Points against a host of products and gift vouchers from the SBI Rewards catalogue and also redeem your points to pay your card’s outstanding balance, where 1 RP = re. 0.25, i.e, 4 Reward Points = Re. 1 and a reward redemption fee of Rs. 99 + GST will be charged on every redemption request you make.
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2. Shaurya SBI Card Fees and Charges:
- The Joining fee charges are- Rs. 250.
- The Annual fee or Renewal fee charges are- Rs. 250.
- The Cash withdrawal fee, Rs. 500 or 2.5% of the withdrawn amount Domestic ATMs and also on International ATMs.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.5% per month (42% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: NIL for Total Amount due from Rs. 0-Rs. 500; Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1,000; Rs. 750 for Total Amount due greater than Rs. 1,000 & up to Rs. 10,000; Rs. 950 for Total Amount due greater than Rs. 10,000 & up to Rs. 25,000; Rs. 1,100 for Total Amount due greater than Rs. 25,000 & up to Rs. 50,000 and Rs. 1,300 for Total Amount due greater than Rs. 50,000.
3. Shaurya SBI Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for Shaurya SBI Card are as follows:
- The age limit for applying for this card is 18 years of age.
- The cardholder should be an Indian Defence Personnel and decent credit score i.e., 750 or above.
- The cardholder should have a stable source of income either through salary or self-employment.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for Shaurya SBI Card:
For Shaurya SBI Card you can apply either online or offline. For offline mode, you can visit your nearest SBI branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your Shaurya SBI Card:
- Step 1: Visit Official website of the SBI- www.sbicard.com.
- Step 2: Select the option of ‘Credit Card’ and click on ‘Apply Now’.
- Step 3: Then, select ‘Shaurya SBI Card’.
- Step 4: Next, click on ‘Next Step’.
- Step 5: Enter all the requested details and providing the required documents.
Therefore, this the method you can apply for your Shaurya SBI Card online.
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