The Tata Neu Plus SBI Card is an ideal choice for Tata brand loyalists and frequent online shoppers looking for steady rewards in the form of NeuCoins. Co-powered by SBI Card and the Tata Group, this card offers excellent cashback opportunities, lifestyle privileges, and value-added benefits at a very affordable fee. Let’s dive deep into the Tata Neu Plus SBI Card features, rewards, fees, and who should consider getting it.
Key Features of Tata Neu Plus SBI Card
Here’s a quick look at the top highlights of the Tata Neu Plus SBI Card:
🎁
Welcome Benefit
499 NeuCoins (worth ₹499) credited on payment of joining fee.
💳
Rewards
Up to 7% value back on Tata Neu App/Website spends.
🛫
Lounge Access
4 complimentary domestic airport lounge visits per year.
💸
Annual Fee
₹499 + taxes (reversed on ₹1 lakh annual spend).
🔗
UPI Enabled
Earn NeuCoins even on UPI transactions (RuPay variant).
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Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | ₹499 + GST |
| Annual Fee | ₹499 + GST (waivable) |
| Annual Fee Waiver | By spending ₹1 lakh or more in the previous card anniversary year |
| Finance Charges | Up to 3.5% per month |
| Foreign Currency Markup | 3.5% on international transactions |
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Eligibility Criteria
- Age: 18 – 65 years
- Indian Resident
- Good credit profile (recommended CIBIL score 700+)
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Rewards
| Reward Category | Value Back |
|---|---|
| Tata Neu App/Website & Partner Tata Brands | 2% NeuCoins |
| Select Categories on Tata Neu App/Website (Tata NeuPass) | Extra 5% NeuCoins |
| Other Spends | 1% NeuCoins |
| UPI Transactions (RuPay Card) | 1% NeuCoins |
Excluded Transactions (No NeuCoins Earned)
🚫 Fuel Spends
🚫 Wallet Loads
🚫 Prepaid / Gift Card Purchases
🚫 Cash Advances
🚫 Education Payments
🚫 Rental Payments
🚫 Government Transactions
🚫 Card Fees & Charges
🚫 EMI Conversions (Flexipay)
Reward Capping
- Grocery: Up to 1,000 NeuCoins per month.
- Insurance: Up to 2,000 NeuCoins per month.
- Utility Transactions: Up to 2,000 NeuCoins per month.
- Telecom & Cable: Up to 2,000 NeuCoins per month.
- UPI Transactions: 500 NeuCoins per month (for RuPay variant).
Note on Reward Calculation:
- Transactions are calculated as follows: For example, ₹140 * 1% = 1.4 NeuCoins, which is rounded down to 1 NeuCoin.
- Fractional NeuCoins will not be accrued.
Rewards Redemption
- NeuCoins can be used seamlessly on the Tata Neu App/Website across Tata brands like Croma, BigBasket, AirAsia India, Westside, and more.
- 1 NeuCoin = ₹1 savings.
- Redemption is quick, flexible, and without complicated conversion processes
Complimentary Airport Lounge Access
- 4 complimentary domestic airport lounge accesses per year (1 per quarter).
- Lounge access eligibility is based on achieving ₹50,000 spends in the previous quarter.
Fuel Surcharge Waiver
- 1% fuel surcharge waiver on transactions between ₹500 and ₹4,000 across petrol pumps.
- Maximum surcharge waiver of ₹250 per statement cycle.
Pros and Cons
Pros
Up to 7% value back on Tata Neu App/Website spends
Earn NeuCoins on UPI spends (RuPay variant)
Annual fee reversal on ₹1 lakh annual spend
Complimentary domestic lounge access (4 per year)
Fuel surcharge waiver on eligible transactions
Cons
Maximum rewards limited to Tata ecosystem
Requires ₹50,000 spend per quarter for lounge access
No direct cashback; rewards only in NeuCoins
Limited high reward categories outside Tata brands
Tata Neu Plus SBI Credit Card vs Tata Neu Plus HDFC Bank Credit Card
| Feature | Tata Neu Plus SBI Credit Card | Tata Neu Plus HDFC Bank Credit Card |
|---|---|---|
| Annual Fee | ₹499 + GST | ₹499 + GST (LTF option available) |
| Joining Fee | ₹499 + GST | ₹499 + GST (LTF option available) |
| Rewards Rate | Up to 7% value back (NeuCoins) | Up to 7% value back (NeuCoins) |
| Reward Redemption | 1 NeuCoin = ₹1 (redeemable across Tata brands on Tata Neu app) | 1 NeuCoin = ₹1 (redeemable across Tata brands on Tata Neu app) |
| Lounge Access | 4 complimentary domestic lounge visits per year (Lounge access eligibility is based on achieving ₹50,000 spends in the previous quarter) | 4 complimentary domestic lounge visits per year (No minimum spend condition) |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver (max ₹250 per cycle) | 1% fuel surcharge waiver (max ₹250 per cycle) |
| UPI Rewards | 1% back on UPI transactions | 1% back on UPI transactions |
| Foreign Transaction Fees | 3.5% markup | 3.5% markup |
| Special Category Rewards | 2% NeuCoins on Tata Neu App/Website, 5% NeuCoins on select categories with NeuPass | 2% NeuCoins on Tata Neu App/Website, 5% NeuCoins on select categories with NeuPass |
| Max Rewards | Limited to Tata ecosystem and partner brands | Limited to Tata ecosystem and partner brands |
Final Verdict – Should You Get the Tata Neu Plus SBI Card?
If you frequently shop across Tata brands or love using the Tata Neu app, the Tata Neu Plus SBI Card offers solid returns with minimal effort. Thanks to features like UPI rewards, airport lounge access, and an easy annual fee waiver, it’s an excellent choice for value-seekers and lifestyle shoppers.
Best suited for:
- Tata Neu App users
- Tata Group brand loyalists (Croma, BigBasket, etc.)
- Moderate spenders looking for cashback and lifestyle benefits
Not ideal for:
- Heavy travelers seeking international perks
- Users looking for premium luxury benefits
Frequently Asked Questions (FAQs)
Tata Neu Plus SBI Card
Fees
Rewards
Benefits
Summary
Best for: Tata Neu users, moderate spenders, UPI-spends