Reliance SBI Credit Card

Reliance SBI Credit Card

Fee

Joining Fee: Rs 499+GST
Annual Fee: Rs 499+GST

Type

Co-Branded, Rewards

Return

0.25% to 3.5%

Rating

3.3/5

Issued On

Rupay

Benefits

Fuel Surcharge Waiver

Table of Contents

Reliance and SBI Card have come together to launch two new co-branded credit cards. The Reliance SBI credit card is the lower variant and comes with a joining and annual fee of Rs 499+GST. We get 5 reward points per Rs 100 spent at eligible Reliance Retail stores. The Reliance SBI credit card also offers milestone benefits worth up to Rs 1000 as Reliance Retail vouchers. The annual fee is waived on spends of Rs 1 Lakh in a card membership year.

Fees

Joining FeeRs 499+GST ~Rs 589
Welcome BenefitRs 500 Reliance Retail Gift Voucher
Additional discount vouchers worth Rs 3200
Annual FeeRs 499+GST ~Rs 589
Annual Fee WaiverOn annual spends of Rs 1 Lakh
Renewal BenefitNone
Reliance SBI Credit Card Review: Fees

You can redeem the welcome gift of Reliance Retail vouchers at this list of outlets.

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Discount Offers in Welcome Benefit

We get an one-time joining benefit in the form of instant discount vouchers that can be used on different Reliance Retail brands.

BrandDiscount Voucher ValueMin Purchase
Jio MartRs 100Rs 500
AJIORs 250Rs 1499
Reliance TrendsRs 500Rs 2499
CentroRs 500Rs 3000
Fashion FactoryRs 500Rs 1499
CoverstoryRs 250Rs 1499
ZivameRs 300Rs 1199
Urban LadderRs 500Rs 4999
NetmedsRs 300Rs 1499
Reliance SBI Credit Card Review: Welcome Benefit

Rewards

Spend CategoryRewardsValue
Reliance Retail Outlets5 RP/Rs 1001.25%
Dining and Movies5 RP/Rs 1001.25%
Other Retail Spends1 RP/Rs 1000.25%
Fuel, Rent and Wallet SpendsNo RewardsNIL
Reliance SBI Credit Card Review: Rewards

Reliance Retail has a huge number of brands under its umbrella. Most of them are eligible for the 1.25% reward rate. Your usual Fresh, Smart, JioMart, Digital, AJIO and Trends and more are there in the list. You can check the complete list of participating brands in this document.

Milestone Rewards

The base reward rate at 1.25% at its own stores is quite low for a co-branded credit card. But, we do get extra milestone benefits that bring up the reward rate to a good level.

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If you spend Rs 1 Lakh at Reliance Retail stores, you get the annual fee waiver and gift vouchers worth Rs 2250. So, the total return including base rewards comes to 3.5%.

Gift Voucher ValueTarget SpendsCumulative Value
Rs 500Rs 25,0002%
Rs 750Rs 50,0002.5%
Rs 1000Rs 80,0002.8%
Reliance SBI Credit Card Review: Milestone Benefits

Discount Offers with Reliance SBI Credit Card

We also have instant discount offers on Reliance SBI credit card at some of the brand stores. These are over and above the rewards.

BrandOfferMaximum Benefit
Reliance Trends5% instant discountRs 250 per month
Ajio5% instant discountRs 250 per month on orders above Rs 2999
Centro5% instant discountRs 1000 per month
Zivame/Clovia5% instant discountRs 250 per month
Coverstory5% instant discountRs 250 per month
Urban Ladder5% instant discountRs 250 per transaction
Jio Mart5% cashbackRs 250 per month
Reliance SBI Credit Card Review: Instant Discount Offers

Rewards Redemption

Each reward point is worth 25 paise. We can redeem the reward points for Reliance Retail gift vouchers and use them at the Reliance Retail outlets for purchases.

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Complimentary Airport Lounge Access

  • Domestic Airport Lounge Access: Not Available
  • International Airport Lounge Access: Not Available

Other Key Benefits & Charges

  • Fuel Surcharge Waiver: 1% fuel surcharge waiver for transactions between Rs 500 and Rs 4000. Maximum waiver capped at Rs 100 per statement cycle.
  • Rent Payment Charges: Rs 199+GST
  • Foreign Currency Markup: 3.5%+GST ~4.13%
  • Interest Rate: 3.5% per month or 42% annually

Is the Reliance SBI Credit Card worth it?

Retail player co-branded credit cards can be an excellent option for loyal customers. We have many good options now like Tata Neu Infinity HDFC Bank credit card, Amazon Pay ICICI Bank credit card and Flipkart Axis Bank credit card. Reliance SBI credit card joins this growing league. For its annual fee of Rs 499+GST, it is a good option. Including the milestone rewards, we get 3.5% rewards on Reliance Retail spends. Plus, we also get instant discount/cashback offers on select Reliance Retail brands.

Reliance SBI Credit Card

Card Maven

Fees
Rewards
Features and Benefits
3.3
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