Reliance SBI Card: Check Eligibility & Benefits – Apply Now

The Reliance SBI Card stands as a prominent choice in India’s credit card landscape, offering a blend of practical benefits and rewarding features tailored for everyday shopping enthusiasts. Launched in 2023, this collaboration between Reliance Retail and SBI Credit Cards has quickly gained traction for its competitive fee structure and lucrative rewards program. 

Designed to cater primarily to shoppers frequenting Reliance stores, dining outlets, and cinemas, the card presents an attractive proposition with its 5 Reward Points per Rs. 100 spent in these categories, complemented by milestone benefits and welcome vouchers totalling Rs. 3,700.

Since its inception, the Reliance SBI Card has garnered acclaim for its accessibility and user-friendly terms, featuring a modest joining fee of Rs. 499 + GST and an annual renewal fee of the same amount, both potentially offset by reaching an annual spending milestone. 

Beyond its financial benefits, the card integrates seamlessly with UPI applications, underscoring its adaptability in digital payment ecosystems. As a testament to its customer-centric approach, the card also extends privileges such as fuel surcharge waivers and special discounts on partner brands, enriching the overall value proposition for cardholders across various spending categories.

Feed and Charges

Fee Type	Details
Renewal Fee	Rs. 499 + GST (waived on spending Rs. 1 lakh annually)
Finance Charges	Up to 3.5% per month (42% per annum)
Late Payment Fee	Nil for amounts up to Rs. 500
Cash Advance Fee	2.5% of transaction amount (minimum Rs. 500)
Overlimit Fee	2.5% of the over-limit amount (minimum Rs. 600)
Card Replacement Fee	Rs. 100
Foreign Currency Transaction Fee	3.5%

Reward and Benefits

1. Reward Structure:
   • 5 Reward Points per Rs. 100 spent at Reliance Retail Stores
   • 5 Reward Points per Rs. 100 spent on dining and movies
   • 1 Reward Point per Rs. 100 spent on other retail purchases
   • 1 Reward Point = Rs. 0.25
2. Spend-Based Benefits:
   • Annual fee waiver on spending Rs. 1 lakh in a year
   • Milestone vouchers worth Rs. 500 to Rs. 1,000 based on annual spend
3. Domestic Lounge Access: NA
4. International Lounge Access: NA
5. Golf: NA
6. Insurance Benefits: NA

Product Details

• Earn 5 Reward Points per Rs. 100 spent at Reliance Retail Stores, dining, and on movies. Earn 1 Reward Point per Rs. 100 on other retail purchases.
• Achieve annual spending milestones to receive additional Reliance Retail Vouchers.
• Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 1,400, up to Rs. 100 per month.
• Get up to 5% instant discounts at various Reliance brands on using the card for payments.
• Use the card on UPI platforms to earn 1 Reward Point per Rs. 100 spent at Reliance Retail Stores.
• Includes easy EMI options, online account management, and robust customer support, making it convenient for users.

Reliance SBI Card Advantages and Disadvantages

Advantages

• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 1,400, up to Rs. 100 per month.
• Discounts: Avail up to 5% instant discounts at Reliance brands like Reliance Trends, AJIO, and JioMart.
• UPI Integration: Link the card to UPI for additional rewards on payments at Reliance Retail Stores.
• Easy EMI Options: Convert high-value purchases into easy EMIs for convenient repayment.
• Customer Support: Access 24/7 customer support for assistance with transactions and account management.

Disadvantages:

• Limited International Use: The card is primarily designed for domestic use and may not offer benefits or rewards for international transactions.
• Late Payment Charges: Late payment fees can be substantial, especially for higher outstanding amounts.
• Limited Insurance Benefits: Unlike some premium cards, the Reliance SBI Card does not offer extensive insurance coverage, which may be a drawback for some users.
• Specific Brand Benefits: While discounts are available at Reliance brands, users may find limited benefits if they do not frequently shop at these outlets.

Reliance SBI Card Features and Benefits

1. Welcome Benefits:
   • New cardholders receive Reliance Retail Vouchers worth Rs. 500 upon joining.
   • Additionally, they receive discount vouchers worth Rs. 3,200 to be used at participating Reliance brands.
2. Discount Vouchers
   • Discount vouchers are available for various Reliance brands, including Reliance Trends, AJIO, Centro, Zivame/Clovia, Coverstory, JioMart, Urban Ladder, Netmeds, and Fashion Factory.
   • These vouchers are provided upon realisation of the joining fee.
3. UPI Compatibility
   • The Reliance SBI Card can be linked to UPI applications, allowing for easy and convenient payments.
   • Earn 1 Reward Point per Rs. 100 spent when using UPI at Reliance Retail Stores.
4. Spend-Based Milestone Benefits
   • Achieve annual spending milestones to receive additional Reliance Retail Vouchers.
   • For instance, spending Rs. 25,000 annually earns you Rs. 500 in vouchers, and spending Rs. 80,000 earns you Rs. 1,000 in vouchers.
5. Annual Fee Waiver
   • Spend Rs. 1 lakh in a card anniversary year to get a waiver on the annual fee.
6. Fuel Surcharge Waiver
   • Enjoy a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 1,400 at petrol pumps across India.
   • The maximum fuel surcharge waiver is Rs. 100 per month.

Reliance SBI Card Reward Offers

1. Reward Points Structure:
   • 5 Reward Points (RPs) per Rs. 100 spent: Earned on purchases at Reliance Retail Stores, dining outlets, and movies.
   • 1 Reward Point per Rs. 100 spent: Accumulated on all other retail transactions.
2. Spend-Based Milestone Rewards: Users can earn additional Reliance Retail Vouchers based on their annual spending milestones:
   • Rs. 25,000 spent: Vouchers worth Rs. 500
   • Rs. 50,000 spent: Vouchers worth Rs. 750
   • Rs. 80,000 spent: Vouchers worth Rs. 1,000
3. Reward Redemption: Each Reward Point is valued at Rs. 0.25 when redeemed, offering flexibility in reward utilisation.
4. Additional Offers and Discounts:
   • Fuel Surcharge Waiver: Enjoy a 1% waiver on fuel surcharge at any petrol pump in India, capped at Rs. 100 per month.
   • Instant Discounts: Avail up to 5% discounts on transactions at Reliance brands such as Reliance Trends, AJIO, and JioMart.

Reliance SBI Card Fees and Charges

1. Finance Charges: Up to 3.35% per month (40.2% per annum) on revolving credit, calculated from the transaction date until the repayment date.
2. Late Payment Fee: Varied based on the outstanding amount:
   • Nil for amounts up to Rs. 500
   • Rs. 400 for Rs. 500.01 to Rs. 1,000
   • Rs. 750 for Rs. 1,000.01 to Rs. 10,000
   • Rs. 950 for Rs. 10,000.01 to Rs. 25,000
   • Rs. 1,100 for Rs. 25,000.01 to Rs. 50,000
   • Rs. 1,300 for amounts above Rs. 50,000
3. Cash Advance Fee: 2.5% of the transaction amount, subject to a minimum of Rs. 500.
4. Overlimit Fee: 2.5% of the overlimit amount, subject to a minimum of Rs. 600.
5. Card Replacement Fee: Rs. 100 for issuance of a new card in case of loss or damage.
6. Foreign Currency Transaction Fee: 3.5% on the transaction amount when the transaction is conducted in a foreign currency.
7. Statement Request Fee: Rs. 100 per statement for requests beyond the regular statement cycle.
8. Cheque Pickup Fee: Rs. 100 per instance for cheque pick-up requests made by the cardholder.

Discount Vouchers on Reliance SBI Card

1. Reliance Trends – Apparel and Footwear:
   • Interest rate on revolving credit: 3.49% per month (41.88% annually).
   • Interest-free period: Up to 50 days, applicable only on retail purchases and if the previous month’s outstanding balance is paid in full.
2. AJIO:
   • Instant Discount: 5% discount up to Rs. 250 per month.
   • Additional Offer: Use a Rs. 250 voucher on a minimum purchase of Rs. 1,499.
3. Centro:
   • Instant Discount: 5% discount up to Rs. 250, maximum Rs. 1,000 per month.
   • Additional Offer: Use Rs. 500 vouchers on a minimum purchase of Rs. 3,000.
4. Zivame/Clovia:
   • Instant Discount: 5% discount up to Rs. 250 per month.
   • Additional Offer: Use a Rs. 300 voucher on a minimum purchase of Rs. 1,199.
5. Coverstory:
   • Instant Discount: 5% discount up to Rs. 250 per month.
   • Additional Offer: Use a Rs. 250 voucher on a minimum purchase of Rs. 1,499.
6. JioMart:
   • Instant Cashback: 5% cashback in JioMart Wallet, up to Rs. 250 per month.
   • Additional Offer: Use a Rs. 100 voucher on a minimum purchase of Rs. 500.
7. Urban Ladder:
   • Instant Discount: 5% discount up to Rs. 250 per month.
   • Additional Offer: Use Rs. 500 vouchers on a minimum purchase of Rs. 4,999.
8. Netmeds (Online):
   • Instant Discount: 5% discount on pharmaceuticals.
   • Additional Offer: Use a Rs. 300 voucher on a minimum purchase of Rs. 1,499.
9. Fashion Factory:
   • Instant Discount: 5% discount up to Rs. 250 per month.
   • Additional Offer: Use a Rs. 500 voucher on a minimum purchase of Rs. 1,499.
10. Groceries (Offline Stores):
    • Reward Points: Earn 1 Reward Point per Rs. 200 spent on groceries at offline stores.

Why Choose the Reliance SBI Card

• Enhanced Retail Experience: The card offers exclusive access to special sales events and early bird promotions at Reliance Retail Stores, providing a more privileged shopping experience.
• Digital Payment Integration: Seamlessly integrate the card with various digital payment platforms, ensuring faster and more secure transactions, particularly useful for tech-savvy consumers.
• Comprehensive Customer Support: Benefit from 24/7 dedicated customer support, ensuring any issues or queries are promptly addressed, enhancing overall cardholder satisfaction.
• No Cost EMI Offers: Avail no-cost EMI options on high-value purchases at participating Reliance Retail Stores, making it easier to manage large expenses without incurring additional interest charges.
• Customised Spending Insights: Access detailed spending reports and analytics through the card’s online portal, helping you track and manage your expenses more effectively.

Reliance SBI Card: Terms and Conditions

• Interest-Free Period: Up to 50 days of interest-free credit from the transaction date, subject to full payment of the previous month’s outstanding balance.
• Validity of Vouchers: Welcome and milestone vouchers are valid for a specified period and can only be used once.
• Usage Restrictions: The card must not be used for illegal activities, and transactions are subject to the SBI Card’s monitoring and approval.
• Payment Default: Non-payment of dues will result in additional charges and impact the cardholder’s credit score. Persistent defaults may lead to legal action.
• Amendments to Terms and Conditions: SBI Card reserves the right to modify these terms and conditions. Cardholders will be notified of significant changes through official communication channels.
• Termination of Card: SBI Card can terminate the card in case of misuse, non-payment, or violation of terms. Cardholders can also request termination with prior notice.

Who Can Apply for the Reliance SBI Card?

1. Age Criteria:
   • Primary Cardholder: Must be between 21 and 65 years old.
   • Add-on Cardholder: Must be over 18 years old.
2. Residency:
   • Applicants must be Indian residents.
3. Income Requirements:
   • A minimum annual income, typically around Rs. 3 lakhs, is required. However, this may vary based on SBI Card’s policies.
4. Credit Score:
   • A good credit score, generally 750 or above, is preferred for approval. Applicants with lower scores may face higher scrutiny.
5. Employment Status:
   • Salaried individuals need to provide proof of employment and income, such as salary slips and bank statements.
   • Self-employed applicants need to provide financial statements, such as Income Tax Returns and bank statements.

Documentation Needed for Reliance SBI Card

Identity Proof	Address Proof
PAN Card	Aadhaar Card
Aadhaar Card	Passport
Passport	Utility Bills
Voter ID	Bank Statement
Driving License	Rent Agreement
	Driving License

• Income Proof (for salaried individuals):
  • Salary Slips: Last three months’ salary slips.
  • Bank Statements: Last six months’ bank statements showing salary credits.
  • Form 16: Issued by the employer for the previous financial year.
  • Employment Certificate: A letter from the employer stating the current employment status and salary.
• Income Proof (for self-employed individuals):
  • Income Tax Returns (ITR): Last two years’ ITRs.
  • Bank Statements: Last six months’ bank statements.
  • Business Proof: Documents such as GST registration, business registration certificate, or partnership deed.
  • Audited Financial Statements: Profit and loss statements, and balance sheets for the previous financial years.
• Photographs:
  • Passport-sized Photos: Recent colour photographs as per the required specifications.

Application Process for Reliance SBI Card

• Apply Online: Visit the SBI Card website and click “Apply Now”.
• Complete Form: Fill out personal and contact details.
• Upload Documents: Submit identity, address, and income proofs.
• Review Process: SBI Card reviews applications and documents.
• Card Issuance: Approved card sent to the registered address for activation.

FAQs