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 Fee | Rs 499+GST ~Rs 589 |
| Welcome Benefit | Rs 500 Reliance Retail Gift Voucher Additional discount vouchers worth Rs 3200 |
| Annual Fee | Rs 499+GST ~Rs 589 |
| Annual Fee Waiver | On annual spends of Rs 1 Lakh |
| Renewal Benefit | None |
You can redeem the welcome gift of Reliance Retail vouchers at this list of outlets.
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.
| Brand | Discount Voucher Value | Min Purchase |
|---|---|---|
| Jio Mart | Rs 100 | Rs 500 |
| AJIO | Rs 250 | Rs 1499 |
| Reliance Trends | Rs 500 | Rs 2499 |
| Centro | Rs 500 | Rs 3000 |
| Fashion Factory | Rs 500 | Rs 1499 |
| Coverstory | Rs 250 | Rs 1499 |
| Zivame | Rs 300 | Rs 1199 |
| Urban Ladder | Rs 500 | Rs 4999 |
| Netmeds | Rs 300 | Rs 1499 |
Rewards
| Spend Category | Rewards | Value |
|---|---|---|
| Reliance Retail Outlets | 5 RP/Rs 100 | 1.25% |
| Dining and Movies | 5 RP/Rs 100 | 1.25% |
| Other Retail Spends | 1 RP/Rs 100 | 0.25% |
| Fuel, Rent and Wallet Spends | No Rewards | NIL |
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.
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 Value | Target Spends | Cumulative Value |
|---|---|---|
| Rs 500 | Rs 25,000 | 2% |
| Rs 750 | Rs 50,000 | 2.5% |
| Rs 1000 | Rs 80,000 | 2.8% |
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.
| Brand | Offer | Maximum Benefit |
|---|---|---|
| Reliance Trends | 5% instant discount | Rs 250 per month |
| Ajio | 5% instant discount | Rs 250 per month on orders above Rs 2999 |
| Centro | 5% instant discount | Rs 1000 per month |
| Zivame/Clovia | 5% instant discount | Rs 250 per month |
| Coverstory | 5% instant discount | Rs 250 per month |
| Urban Ladder | 5% instant discount | Rs 250 per transaction |
| Jio Mart | 5% cashback | Rs 250 per month |
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.
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%+GSTÂ ~4.13%
- Interest Rate:Â 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
