SBI Student Plus Advantage Card | Benefits | Features | Offers | Info
SBI Student Plus Advantage Card: Comes With Save Smart. Live Smart. Exclusive credit card for Education Loan customers of State Bank of India(SBI) that can be availed against a Fixed Deposit with SBI.
Benefits: SBI Student Plus Advantage Card
Cash Points:
Earn 1 Cash Point for every Rs.100 spent
Use your Cash Points to pay the outstanding balance on your credit card or redeem against exciting gifts from the Rewards Catalogue.
2.5% Value Back: With accelerated Cash Points get upto 2.5% Value Back on all Departmental store & Grocery Spends.
Enjoy Complete Fuel Freedom: 2.5% fuel surcharge waiver for each transaction between Rs.500 & Rs.3000 (exclusive of GST, wherever applicable, & all other charges). Maximum surcharge waiver of Rs 100 per statement cycle, per credit card account.
Accelerated Rewards: Get 10x Reward Points on your International Spends.
EMIs: With your SBI Student Plus Advantage Card, you can convert your purchases into easy EMIs.
Spend Based Reversal: No annual fee if total purchases on the card exceeds Rs. 35,000 in the preceding year.
Features: SBI Student Plus Advantage Card
Credit Convenience: Credit free period of up to 50 days and extended credit facility with a very low interest rate of 2.25% p.m.
Ready Cash: As an SBI Cardholder, you can withdraw cash from over 1 million VISA/MasterCard ATMs (Please check the logo on the front of your card before using) across the globe, including 18,000 ATMs in India. In addition to this, you get access to over 10,000 SBI ATMs across 100 plus cities in India and can enjoy up to 80% cash withdraw limit.
Convenient Application Procedure: SBI Student Plus Advantage Card is exclusively for education loan customers of SBI and can be availed against a Fixed Deposit with SBI.
Add on Cards: If the Education Loan customer is above 18 years of age, he will be directly eligible for a primary credit card, else he will get an add-on card and the parent will get the primary card.
Fees and Charges Related to SBI Student Plus Advantage Card:
| Joining Fee (One time) | Nil |
| Annual Fee (p.a.) | Rs. 500 ( applicable from 2nd year onwards only if total purchases on the card are less than Rs. 35,000 in the preceding year) |
| Add-on Fee (p.a.) | NIL |
Extended Credit
| Interest Free Credit Period | 20-50 days (applicable only on retail purchases and if previous months outstanding balance is paid in full) |
| Finance charges | Upto 2.25% p.m. (27% p.a.) from the transaction date + EMI (in case of loans) |
| Minimum Amount Due | 5% of Total Outstanding (Min. Rs. 200) + GST + EMI (in case of loans) |
To know more about the SBI Card and apply, visit your nearest State Bank of India branch.
Source: State Bank of India Credit Card Website
SBI Student Plus Advantage Card
