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SBI Signature credit card: fees, features & benefits

SBI Signature credit card: fees, features & benefits

finance
December 30, 2021
10 min read
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for when shopping gets rewarding

love to travel, live to shop? we present to you the SBI Signature credit card - an ideal reward for the traveler and shopaholic in you. the card offers a host of attractive shopping and traveling benefits which will help you save tremendously. in addition, the card also provides benefits such as utility bill payments, discounts on movie tickets from BookMyShow, fraud liability cover and credit card balance transfer on EMI. you can earn additional rewards by making your SBI credit card payment on CRED.
excited to avail these benefits? know the step-by-step application process, eligibility criteria, fees and charges, and other benefits of this card.

pay credit card bill. earn guaranteed ₹200 cash-back.
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features

benefits

attractive rewards

2 reward points for every ₹100 spent
5x reward points on dining, departmental stores, grocery, and international spends

milestone rewards

10,000 reward points on achieving an annual expenditure of ₹3 lakhs and ₹4 lakhs respectively
15,000 reward points on achieving an annual expenditure of ₹5 lakhs and ₹8 lakhs respectively

annual fee

reversal on achieving an expenditure of ₹10 lakhs

movie ticket discounts

pay using this credit card and get ₹500 off every month on booking movie tickets on BookMyShow app
maximum discount of ₹250 per ticket and transaction valid only for 2 tickets

contactless technology

simply wave your card at a secured reader and complete the transaction

lounge access

complimentary access to elite priority pass program
avail complimentary lounge access to visa lounges in India and abroad

welcome gift

welcome gift voucher worth ₹5,000 from one of the following brands: Westside, Shoppers Stop, Yatra, Marks & Spencer, Bata

fuel surcharge waiver

2.5% fuel surcharge waiver on all transactions between ₹500-₹4000
maximum surcharge waiver of ₹250 per month

how do i apply for SBI Signature credit card?

  • you can visit the official website of SBI bank, fill in the necessary details and submit your application.
  • you can also visit the nearest branch of SBI bank, submit the application form along with the necessary documents.
  • you can also call the SBI helpline number and ask them to send a representative. you can submit the credit card application form along with the documents to that representative.

am i eligible for SBI Signature credit card?

to know your eligibility for the SBI Signature credit card, follow the steps given below:

  • visit the SBI Simplyfier page. 
  • click on ‘your income and expense information’.
  • select your income and monthly expenditure and then click on ‘show my card’.
  • depending on the information you gave, you will be shown a list of cards for which you are eligible. if SBI Signature card is present in that list, it means you have met the eligibility criteria required for the card. 

what documents do i require to apply for the card?

  • id proof - PAN card/Aadhaar card/voting card/driving license (any one of these documents is required)
  • address proof - passport/telephone bill/electricity bill/other utility bill (any one of these documents is required)
  • income proof - ITR documents or salary slips of last 2 months
  • a copy of the updated passbook showing all transactions for the last 6 months
  • passport-size coloured photographs

types of charge

amount

annual fee (one-time)

₹4,999

renewal fee (per annum)

₹4,999

finance charge

3.35% per month

cash advance fee

2.5% of the transaction amount

card replacement fee

₹100

rewards redemption fee

₹99

cash payment fee

₹100

foreign currency transaction

3.5%

late payment fee

₹100-750

returned payment fee

2% of the total amount

over limit charge

2.5% of the over limit amount

add-on card fee

nil

frequently asked questions (FAQs)

how can i do a transaction using the SBI Signature Contactless credit card?

  • look for the Visa payWave mark and contactless logo, if that is present you can carry out the transaction.
  • enter the amount to be transacted on the contactless reader.
  • hold your card closer to the pos.
  • four green indicator lights and a beep sound are an indication that the transaction is complete. a message will also be displayed on the screen.

what can i do if the merchant does not accept contactless payment?

for merchants who do not have contactless credit card payment acceptance system, you can use this card for a normal dip or a swipe transaction.

how can i redeem my reward points?

the reward points accumulated on your credit card can be redeemed against the gift vouchers and you can also select the gift items from the rewards catalogue. you can also utilize the reward points to pay the outstanding balance on your card, 4 reward points are equivalent to ₹1. to redeem your reward points, follow the steps below:

  • login to www.sbicard.com with your user ID and password
  • click on rewards > redeem rewards
  • you can browse through the rewards catalogue and select the item of your choice
  • after that, click on ‘redeem now’ and confirm

what if i lose my SBI Signature credit card?

in this case, immediately call SBI card helpline number 1860-180-1290 to report the loss. SBI gives you a complimentary credit card fraud liability cover of ₹1 lakh. the cover is liable from the period of 48 hours prior to reporting of loss till 7 days post reporting of loss.

how will i get the welcome gift on SBI Signature credit card?

you can avail the welcome gift voucher after the payment of annual fee within 28 days. you have to call the customer helpline number 1860 180 1290 to submit a request for the welcome voucher. next, an e-voucher code will be sent to your registered mobile number within 15 days of receipt of the request.

what are the concierge services available?

the SBI Signature concierge service assists you with travel, movies, hotel reservations, and gift deliveries. to avail this service, you can call on 022-42320257 or write an email to sbisignature@aspirelifestyles.com.