Introduction: State Bank of India in collaboration with FBB which is a retail fashion store belonging to Future Group has introduced this Fbb SBI Styleup Credit card. This co-branded credit card will make your shopping more enjoyable as it provides special rewards and discounts whenever you are shopping. It provides discounts, accelerated reward points and many more all around the year.
Now we will have a look into the features and benefits provided by the credit card for getting a comprehensive idea about this credit card.
Quick Key Highlights of the SBI FBB STYLEUP Credit card
- You will be provided with accelerated reward points on Food Bazaar, Big Bazaar and Standalone Fbb and stores.
- You will be able to receive flat discounts at the stores of Fbb and Big Bazaar.
- You will also be provided with attractive welcome offers from SBI.
SBI Fbb STYLEUP Credit card benefits and features
This Fbb SBI Styleup card offers and welcomes you to the shopping world benefits with a gift voucher worth an amount of Rs.500/- from Fbb. You can consider redeeming this voucher within one year from the issue date at any of the Big Bazaar or Fbb stores.
You will receive a flat discount of 10% round the year whenever you are purchasing accessories, apparel, bags and footwear from any of the Fbb and Big Bazaar outlets.
There is nothing called the minimum amount of purchase or cap on the discount which is offered to you. You will be able to shop any number of times you wish and receive a discount of 10% each time you are shopping.
Fuel bill savings
You can consider using this credit card for payment of petrol bills and get a 1% waiver on a surcharge of fuel. This offer will be valid at all the fuel stations present in India and on all the transactions between the amounts of Rs.500/- to Rs.3,000/-. This waiver is capped at an amount of Rs.100/- per billing cycle.
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Transactions made quick and secure
As this credit card is powered with contactless technology, the STYLEUP credit card will make the transactions quick and secure mainly at the POS terminals. If you do not find any terminal which will accept contactless payments, you will still be able to use your credit card which has this EMV chip to allow the transactions which are chip-enabled.
By just dipping the credit card in the reader and providing your PIN, the transactions will be authorized and processed in a simple manner. Even at the time of online transactions, EMV Chip card will give security against any fraud when compared to the magnetic strip cards.
The facility of Flexipay offered on the credit card will enable you to convert any big-ticket purchase which is made by using this credit card into Easy Monthly Instalments. Any of the purchases amounting above Rs.2,500/- can be converted into SBI Credit card EMI and then can be paid back in the form of tenures which range between 3 to 12 months.
Balance transfer facility on EMI
You also have an option to transfer the outstanding statement balance amount of the other bank credit cards to Fbb SBI STYLEUP Credit card and then consider paying it back in EMIs. This option comes with a less rate of interest and processing fee.
Fbb SBI STYLE Card Credit Limit
The decision about credit limit of your Fbb SBI STYLE Card will be taken by the bank after checking your credit history and credit score. Anyways, afterwards, you can request the bank to raise the card limit.
Benefits on Fbb SBI STYLEUP Credit card Reward points
- By making use of this credit card, you will be able to receive accelerated reward points whenever you shop. This credit card usage will provide you with almost 10X more reward points.
- You will be able to receive 2,000 reward points as an anniversary gift.
- You will also be able to earn 10 times more reward points at the stores like Food Bazaar, and Big Bazaar.
Redemption of reward points earned on Fbb SBI STYLEUP Credit card
You will have an option of redeeming reward points against products like accessories, lifestyle, gifts, electrical appliances, gift vouchers and much more.
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Fbb SBI STYLEUP Credit card Fees and Charges
- You will be charged with a joining fee of Rs.499/-.
- An amount of Rs.499/- will be charged as an annual fee on this Styleup card and this charge will be applicable from the second year onwards.
- Rate of interest on this credit card would be 3.35% per month.
- Fee for cash withdrawal at SBI ATMs and all the ATMs present locally is 2.5% of the amount of transaction which would be subjected to a minimum amount of Rs.300/-. At the international ATMs, the cash withdrawal fee would be 3% of the amount of transaction which would be subjected to a minimum amount of Rs.300/-.
- Fee for rewards redemption charged on this credit card is an amount of Rs.499/-.
- No late payment fee is charged on this credit card if the total outstanding balance amount is up to Rs.200/-. An amount of Rs.100/- will be charged as a late payment fee if the total outstanding balance amount is between the amounts of Rs.201/- to Rs.500/-. If the total outstanding statement balance is between Rs.501/- to Rs.1,000/-, then an amount of Rs.400/- will be charged as a late payment fee. The outstanding balance between Rs.1,001/- to Rs.10,000/- will be charged with a late payment fee of Rs.600/-. A late payment fee of Rs.800/- will be charged if the outstanding statement balance amount is between Rs.10,001/- and Rs.25,000/-. Any outstanding statement balance which is beyond the amount of Rs.25,001/- will be charged with a late payment fee of Rs.950/-.
- The fee charged for over-limit on credit card is 2.5% of the amount of over-limit which would be subjected to a minimum amount of Rs.500/-.
- Fee for replacement of card in India is an amount of Rs.100/-.
- No Fee is charged for emergency replacement of card in overseas.
- Fee for cheque pickup is an amount of Rs.100/-.
- Charges for cheque bounce or invalid cheque is 2% of the amount of cheque
- which would be subjected to a minimum amount of Rs.40/-.
- Fee for the cash payment made over the counter is an amount of Rs.100/-.
- Fee for foreign currency transaction is 3.5% of the mark-up conversion.
- Fee for the request of the statement is an amount of Rs.100/- per statement if you request it for more than 2 months.
Eligibility Criteria for the application of Fbb SBI STYLEUP Credit card
- The eligibility criteria required for the application of this credit card will be decided depending on the income and employment declared by the applicant among all the other factors.
- You can also make use of a tool which is available on the official website of SBI cards called “Simplyfier” for checking the eligibility required for the card.
Required documentation for Fbb SBI STYLEUP Credit card
To complete the application, SBI will need a few documents from you. Once you submit the application along with the required documents, SBI will undertake your verification. Below are the documents which are required for the State Bank of India for the approval of your credit card application
- Proof of address like your Aadhaar card, Recent bank statements.
- Proof of income like your PAN card, Driver’s licence etc.
- Salary proof like your payslips or Income Tax Returns.
Besides all the above documents, if SBI needs anything more, they would inform you about the same over a phone call.