Spar SBI Card is a co-brand card launched by SBI Card, in partnership with Spar. Spar is a leading supermarket, and part of the Landmark group. Spar currently operates 24 stores across 9 cities – Bengaluru, Mangalore, Shimoga, Chennai, Coimbatore, Hyderabad, New Delhi, Gurugram, & Ghaziabad.
You can earn upto 3.3% benefit on all Landmark spends. Landmark stores include Lifestyle, Home Centre, Max and Spar.
The card is virtually free, since you get reward points worth the annual fee, upon annual fee payment.
✔︎ 1.25% on Landmark store spends
– You earn 5 reward points worth ₹1.25, on every ₹100 you spend at Landmark stores
– 1 reward point = ₹0.25 or 25 paise. (2.4 SBI reward points = 1 Landmark reward point = ₹0.60. Hence 1 SBI reward point = ₹0.25 or 25 paise)
✔︎ Upto 2.1% additional benefits, based on achieving 3 annual card spend levels at Landmark stores-
1. You get 1000 reward points worth ₹250, at ₹20000 yearly card spend at Landmark stores
2. You get additional 2000 reward points worth ₹500, at ₹45000 yearly card spend at Landmark stores
3. You get additional 5000 reward points worth ₹1250, at ₹95000 yearly card spend at Landmark stores
Hence you can get a total of 8000 reward points worth ₹2000, at ₹95,000 yearly card spend at Landmark stores – 2.1% benefit. Please see table below for benefits at each level of annual card spend-
| Benefit | Total benefit | |
|---|---|---|
| At ₹20000 yearly card spend at Landmark stores | 1000 reward points worth ₹250 | 1000 reward points worth ₹250 – 1.25% |
| At ₹45000 yearly card spend at Landmark stores | Additional 2000 reward points worth ₹500 | Total 3000 reward points worth ₹750 – 1.66% benefit |
| At ₹95000 yearly card spend at Landmark stores | Additional 5000 reward points worth ₹1250 | Total 8000 reward points worth ₹2000 – 2.1% benefit |
Rewards redemption process
– 1 reward point = ₹0.25 or 25 paise. Since 2.4 SBI reward points = 1 Landmark reward point (LMR) = ₹0.60. Hence 1 SBI reward point = ₹0.25 or 25 paise.
– You need to first convert SBI reward points to Landmark reward points, and then redeem Landmark reward points instantly at Landmark outlets.
– Please click here, to see details, this is an example of how you can redeem reward points on SBI Card’s rewards redemption platform.
Landmark stores include Lifestyle, Home Centre, Max and Spar (on both online as well as in-store shopping)
You earn 5 reward points worth ₹1.25, on every ₹100 you spend on dining and at movies.
1 reward point = ₹0.25 or 25 paise, and can be redeemed at Landmark stores, as explained in the rewards redemption process in the section above.
You earn 1 reward point worth ₹0.25 (25 paise) , on every ₹100 you spend on all other purchases.
1 reward point = ₹0.25 or 25 paise, and can be redeemed at Landmark stores.
Please note that no reward points are given on fuel purchases.
You get 8,000 reward points worth ₹2000, at ₹2 lakh yearly card spend on all purchases – 1% benefit.
1 reward point = ₹0.25 or 25 paise, and can be redeemed at Landmark stores.
You get a 1% fuel surcharge waiver at all fuel stations across India, only on fuel purchases between ₹500 and ₹3000. And only on fuel purchases upto ₹10,000 per month (since the waiver amount is capped at ₹100 per monthly card statement cycle).
Please click here for all the options to contact the bank for various issues and escalations, including-
– Lost and stolen cards : you can block on your mobile app or internet banking OR through SMS option OR by calling customer care
– Complaints and grievances : including steps on how to escalate to higher levels in case your issue is not resolved
– Raise and manage disputes
You can get add-on cards for your parents, spouse, children or siblings above the age of 18 years. For more details, and important terms and conditions, please click here.
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹499 | Welcome offers – You get 2000 bonus reward points worth ₹500 , on payment of the first year joining fee. |
| Renewal fee from 2nd year onwards | ₹499 | Renewal fee offer – You get 2000 bonus reward points worth ₹500 , on payment of renewal fee. |
| Amount due | Late Fee |
|---|---|
| Less than ₹500 | Nil |
| ₹501 to ₹1,000 | ₹400 |
| ₹1,001 to ₹10,000 | ₹750 |
| ₹10,001 to ₹25,000 | ₹950 |
| ₹25000 to ₹50000 | ₹1100 |
| Over ₹50000 | ₹1300 |
3.50% of the transaction value.
3.50% per month (42% p.a.).
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – SBI Credit Card Fees & Charges
Although your credit card eligibility is based on multiple parameters which can be assessed once you apply for the SBI Credit Card, there are certain basic criteria that all applicants must fulfil.
| Minimum age | 21 years |
| Maximum age | 70 years |
| Occupation | Salaried or self-employed |
| Minimum income requirements | Not specified. Should have a regular source of income |
| Other criteria | Good credit score, preferably above 750 |
| Online application process | The easiest way to apply is to click here – APPLY NOW , you shall be taken to the card application page on the SBI Card website. You can also visit the official website of SBI Card and fill out the application form. Steps : – Fill out the online application form – personal details like mobile phone number, emplyment, income, Aadhar / PAN number – Click ‘Submit’ and you will receive an instant decision on the application basis the information provided – If your application is approved, you will receive a call from SBI Card team for verification – Post necessary verification, the card is issued to you Virtual card : In addition to this, SBI Card team will send an SMS on your registered mobile number with a link to generate your e-card. With this e-card you can view your credit card details digitally, even before your physical card reaches you, and start shopping online instantly. |
| Offline (face to face) application process | You can visit any of the nearest branches of SBI Card, and talk to an executive regarding the process. |
| Required documents | – PAN card – Copy of Aadhaar card (with first 8 digits masked) or any valid government address proof – Income documents – salary slip, income tax return etc. may be required depending upon the credit card eligibility & policy In addition to these, you maybe asked to provide additional documents, on a case-to-case basis. |
| Tracking credit card application status | – You can track the status of your application on – ‘Track Application’ section. – Please click here – Home page (and see top section of the page section named – ‘Track your application’) OR – Please click here – Eapply page (and see bottom of the page section named – ‘Track Credit Card Application’) You need to enter some basic information (like application number/ reference number, name, mobile number), to see the status of your SBI Card application |
ON THIS PAGE
FIND THE BEST CREDIT CARD
Related Products