IRCTC SBI Card Premier- Benefits, features and charges

The IRCTC SBI Card Premier is the perfect credit card for you if you are looking for a credit card that provides a good number of benefits and reward offers. This credit card provides various kinds of reward to all its cardholders which makes it an attractive credit card among cardholders or customers. Some of the benefits are value back benefits, insurance benefits, travel benefits, fuel benefits, etc. 

So, let us look at all the features and specifications of the IRCTC SBI Card Premier and why you should have this credit card.

Fees and Charges

• Spend-Based Waiver: If you use your IRCTC SBI Card Premier and spend a total of Rs. 2 lakh in a year, you get to skip the renewal fee. This means you can save some money and keep enjoying the card without paying extra just because you shopped a lot.
• Rewards Redemption Fee: Whenever you want to use the rewards you earned with your SBI credit card, there’s a small fee of Rs. 99. This is the cost you pay to turn your points into gifts or discounts, so remember to check how many points you have before you use them.
• Foreign Currency Markup: If you go on a trip to another country and use your IRCTC SBI Card Premier to buy things there, you will have to pay an extra 3.5% on top of the price. This means that when you spend money in another currency, the card will charge you a little more.
• Interest Rates: If you don’t pay back the money you borrowed with your card on time, you’ll have to pay interest. The rate is 3.5% every month. So if you don’t pay your bill, the amount you owe will keep getting bigger each month.
• Fuel Surcharge: When you fill up your vehicle with gas, the IRCTC SBI Card Premier helps you out. You can get a 1% discount on the extra charges that usually come with buying fuel. This means you can save some money every time you fill up your tank.
• Cash Advance Charges: If you need to take out cash from your card, there will be a fee. You’ll pay either 2.5% of the cash you take out or Rs. 500, depending on which one is higher. So, if you need cash, remember this charge can add up quickly.

IRCTC SBI Card Premier Details

• Welcome Gift: You get 1500 Reward Points which is like INR 1500 when you pay the first annual fee. (1 Reward Point = ₹ 1).
• Value Back Benefits: If you buy tickets using irctc.co.in or the IRCTC Mobile App for AC1, AC2, AC3, Executive Chair Car, and Chair Car, you can earn up to 10% Value Back in Reward Points. 

• Reward Points on Spending: When you use your IRCTC SBI Card Premier, you can earn up to 3 Reward Points for every Rs. 125 you spend. This means that the more you use your card for shopping, the more points you collect.
• Non-Fuel Retail Purchases: For every Rs. 125 you spend on things that are not fuel, you earn 1 Reward Point. So, whether you are buying clothes, food, or toys, you can still rack up points.
• Welcome Bonus: When you first get your card, you’ll receive a nice welcome bonus of 1,500 Reward Points. This is a fun way to start your rewards journey right away.
• Milestone Bonus Points: If you spend enough and reach a special spending goal, you can earn up to 5,000 bonus Reward Points. This means that shopping can really pay off when you hit those targets.
• Railway Lounge Access: With the IRCTC SBI Card Premier, you get free access to railway lounges. This is a cool perk because it means you can relax in a comfy place while waiting for your train.
• Hotel Benefits Worldwide: When you travel, you get special benefits at over 900 hotels around the world. This makes it easier and more fun to find a nice place to stay.
• Earn Miles for Hotel Stays: You can earn up to 10,000 miles every night when you stay at hotels. These miles can help you get discounts on flights or future stays, so it’s like getting rewarded for traveling.
• Spend-Based Renewal Fee Waiver: Just like before, if you spend enough with your card, you can avoid paying the renewal fee. This makes it easier to keep your card year after year.
• Fuel Surcharge Waiver: When you buy fuel, you can save 1% on the extra charges. This means filling up your tank won’t cost as much, thanks to your card.
• Exclusive Insurance Benefits: The IRCTC SBI Card Premier also comes with special insurance benefits. This means you have extra protection when you use your card, making it safer to spend money.

Reward Offers for IRCTC SBI Card Premier

• Rewards Rate: When you use your IRCTC SBI Card Premier, you will obtain many rewards. For every Rs. 125 you spend on dining or other utility expenses, you’ll get 3 Reward Points. If you spend Rs. 125 on other stuff that isn’t fuel, you get 1 Reward Point. So, it’s great to earn points while enjoying meals or paying bills.
• Reward Redemption: When you want to use your Reward Points, it’s easy. 1 Reward Point equals Re. 1. This means if you have 100 points, you can get Rs. 100 off your next purchase or use them for fun rewards.
• Travel Benefits: If you love to travel, you’ll enjoy this benefit. With your card, you get 8 free access to railway lounges every year. This makes your travel more comfortable, letting you relax in a nice place before your train leaves.
• Insurance Benefits: The IRCTC SBI Card Premier gives you some important insurance coverage. You are protected against air accidents and railway accidents, which is super helpful. Plus, there’s also fraud liability cover, so you have extra safety when you use your card.

Card Benefits for IRCTC SBI Card Premier

• Welcome Benefits: When you sign up for the IRCTC SBI Card Premier and pay the joining fee, you get a cool welcome bonus of 1,500 Reward Points. This is a nice start to collecting points right away.
• Milestone Benefits: You can earn extra Reward Points for spending money. If you spend a total of Rs. 50,000 on travel in the previous year, you’ll get 2,500 bonus Reward Points. And if you spend Rs. 1 Lakh in a year, you’ll earn a big bonus of 5,000 Reward Points. 
• Travel Benefits: If you love to travel, this card is perfect for you. As the main cardholder, you can enjoy 8 free accesses to railway lounges each year, which means 2 lounges every quarter. You can also stay at over 5,000 hotels in 350 different cities in India, so there are plenty of places to choose from. Plus, you get exclusive perks at more than 900 hotels all over the world. You can earn up to 10,000 miles for each night you stay at hotels, and you can get 25% more miles if you book through Kaligo.com.
• Insurance Benefits: Your card comes with some important insurance coverage. If there’s an air accident, you’ll have protection worth Rs. 50 lakhs. For railway accidents, you get coverage worth Rs. 10 lakhs. Plus, there’s fraud liability cover of Rs. 1 lakh, which keeps you safe from card fraud.
• Other Benefits: When you book railway tickets on IRCTC, you can save 1% on transaction charges. For airline tickets, you’ll save 1.8% on the transaction charges. This means you get some extra savings on your travel plans.
• Renewal Fee Waiver: If you spend more than Rs. 2 Lakhs using your credit card in the previous year, you won’t have to pay the renewal fee of Rs. 1,499. This is a nice way to keep your card without extra costs.
• Fuel Surcharge Waiver: When you fill up your vehicle with fuel and spend between Rs. 500 and Rs. 4,000, you can get a 1% waiver on fuel surcharges. You can save up to Rs. 250 on this every month, making it easier to save when you fill your tank.

Conclusion

The IRCTC SBI Card Premier is a fantastic credit card for people who travel a lot and enjoy earning rewards. It offers a lot of cool benefits like welcome bonuses, access to railway lounges, and even insurance coverage for air and railway accidents. Plus, you can earn Reward Points for your everyday spending, which you can use for shopping and fun stuff. 

Although there are some fees, like for redeeming points or a renewal fee, the rewards and benefits make it worth it for those who spend wisely and travel frequently. Overall, if you’re looking for a card that gives you great travel perks and rewards, the IRCTC SBI Card Premier might be the one for you.

FAQs