SBI Signature Credit Card Review

SBI is one of the most trusted financial companies in India. Their credit cards are filled with usefulness and unique features, and this is not an exception for the SBI Signature Credit Card. It belongs to the SBI premium credit card segment and offers tons of premium privileges and useful sbi signature credit card features like complimentary sbi signature card lounge access, a multilingual concierge service to take care of your everyday needs, the sbi signature credit card movie offer, and lots more. This card is powered by Visa and the annual fee is Rs. 4,999. Now let’s dive into the details. 

SBI Signature Credit Card Eligibility Criteria:

  • Resident Type: Indian
  • For salaried person:
    • Age: The age of the applicant should be between 21 to 60 years. 
    • Income: The average income of the applicant should be Rs. 60,000 monthly. 
  • For self-employed person:
    • Age: The age of the applicant should be between
    • Income: Annual Income Tax Return should be greater than Rs. 5 lakh. 
  • A long relationship with the bank will help you to get this card. 
  • An excellent credit score (above 780) is needed to apply for this card. 

If you can fulfill the above-stated sbi signature card eligibility criteria, you can apply for this card from the SBI card online application portal. You can also visit your nearby SBI branch and submit your sbi credit card application from there. Once your application is submitted successfully, you can track your credit card application from the sbi credit card online application status tracking page

Required Documents To Apply For The SBI Signature card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

SBI Signature Credit Card Fees:

  • SBI signature credit card joining fee: Rs. 4,999 + GST
  • Annual charge of sbi signature credit card: Rs. 4,999 + GST

SBI Signature Credit Card Benefits:

Let’s check the prolonged benefits of sbi signature credit card which will hopefully be able to fulfill your dersiers. 

  • Mind-blowing sbi signature credit card welcome gift:

With the issuance of the card, you will be welcomed with a gift voucher worth Rs. 5,000. You can also choose the brand of your gift voucher among some premium brands like Shoppers Stop, Westside, Marks & Spencer, Hush Puppies/Bata, Yatra, etc. 

  • Reward points on every transaction:

You will be rewarded for every transaction you make using this card, the details of sbi visa signature card reward scheme are given below. 

Category of transaction. Rewards
For each Rs. 100 spent using this card 2 reward points. 
For each Rs. 100 spent on dining, grocery, departmental stores, and International platforms 5x reward points. 

These sbi signature card reward points are extremely useful, you can use them for travel booking, mobile recharge, monthly sbi visa signature credit card bill payment, and also to get a product from the sbi credit card rewards points redemption catalog. The value of 1 reward point is equal to Rs. 0.25. 

  • SBI visa signature credit card airport lounge access benefits:

Under the complimentary priority pass membership (worth $99), you will get access to over 600 priority pass lounges worldwide. 

Also under the sbi visa signature credit card lounge access program, you will get some free access to domestic and international visa lunges. 

  • SBI signature credit card BookMyShow offer:

This sbi signature credit card offers you Rs. 500 discount on BookMyShow every month. You need to book at least 2 tickets(Rs. 250 discount per ticket) at a time to get the discount. 

  • Extra benefits on milestone spending:

You can also earn some extra from your card. You can find more about the sbi signature card milestone benefit scheme from the table given below

Total spend Reward points.
Between Rs. 3 lakh to Rs. 4 lakh within a year 10,000 bonus points. 
Between Rs. 5 lakh to Rs. 8 lakh within a year 15,000 bonus points. 
On spending Rs. 10 lakh within an anniversary year A 100% waiver on the next year’s sbi signature card annual fee

You can earn up to 50,000 bonus points per year. You can check your reward balance from the sbi visa card net banking account or your monthly credit card statements. 

  • Fuel surcharge waiver offers on sbi signature credit card:

This card offers you up to a 2.5% waiver on fuel surcharges, this sbi signature credit card offer is applicable at any fuel station in India and on transactions between Rs. 500 to Rs. 4,000. You can earn a maximum of Rs. 250 waiver in a sbi credit card billing cycle. 

  • A multilingual concierge service to take care of your needs:

For the customers of visa signature credit card, sbi offers a multilingual concierge service to assist them during emergencies. You can get services like travel booking, gift delivery, table booking at restaurants, golf booking, etc. Call 022-42320257 to book your concierge.

  • Convert your high-value transaction into EMI using Flexi Pay:

Using the signature sbi card Flexi Pay option you can split your high-value purchases into small monthly installments. The minimum eligible transaction amount is Rs. 2,500 and you can convert a purchase into EMI within 30 days of performing the transaction. 

  • SBI credit card balance transfer facility:

SBI allows you to transfer your other bank’s cards outstanding to this sbi signature card and pay them back in small monthly installments. You should check your available credit limit before performing a balance transfer. You can check your credit card balance from the sbi credit card internet banking account. 

  • Convenient sbi credit card bill payment options:

You can pay your credit card bill online via your net banking account or any credit card payment app. but if you don’t have access to the sbi credit card online payment options, then you can pay your credit card bill via NEFT, cheque, or from your nearby ATM. 

  • Contactless payment option:

This sbi paywave card is equipped with an advanced contactless payment facility, using this contactless payment option, you can make payment effortlessly by tapping your card over any POS machine that accepts contactless payments. 

Due to security reasons, the contactless payment option is limited to Rs. 5000 per transaction. You can also control the payment options using the sbi credit card online app

SBI Credit Card Charges:

Particulars Payable amount
SBI credit card cash withdrawal charges 2.5% against the withdrawn amount (min Rs. 300). Check your sbi signature card credit limit before making a withdrawal. 
Finance Charges The interest rates on sbi credit card can go up to 3.35% monthly or 40.2% annually. 
Foreign currency conversion charge 3.5% against the transaction amount. 
Add on credit card fee Free for a lifetime. 

How To  Contact SBI Credit Card Customer Care: 

  • Call the sbi credit card customer service number: 1860-180-1290 / 022-3902-0202 or 1860-180-7777
  • Write to the sbi credit card customer care email id: [email protected]  

100xGain Ratings:

7.5/10

Final Opinion:

As said before this is one of the most premium credit cards from SBI. In fact, this is one of the most complete credit cards I have ever seen. From lounge access to free movie tickets, this card has everything that is needed to make your daily life more delightful. The reward earning rate is also very good; you will get 2 reward points for each Rs. 100 transaction. So, if you are looking for a low-cost premium credit card, then it will be a solid choice for you. 

But if you want to compare some alternative cards, then you should take a look at the 100xGain top 10 premium credit card page

Leave a Reply

Share via
Copy link
Powered by Social Snap
%d bloggers like this: