Save Smart with SBI Student Credit Card - Benefits and Features
An education is an investment for the future of an individual and this promises a rewarding future.
SBI, the largest lender in the country, makes it possible with the SBI Student Plus Advantage Card. Are you a student looking for funds to manage your education expenses? This article is for you. Read on to know more about the features and benefits of SBI student credit card.
SBI Student Credit Card
Your education expenses can be managed easily with SBI Student Plus Advantage Card. This card is given exclusively to customers who have taken education loan from SBI. You can get your SBI Student Plus Advantage Card against a fixed deposit held at any State Bank of India branch.
Features and Benefits of SBI Student Plus Advantage Card
Reward Points: You can get 1 reward point or 10 cash points on every INR 100 spent. This can be later used to pay your outstanding balance. For example, if you have accumulated 2000 cash points, you can use them to pay INR 500 from your credit card balance.
You can also use the cash point to redeem against gifts from rewards catalog.
Reversal of Annual and Renewal Fee: No annual and renewal fees are charged if your purchases and spending exceed INR 35,000 per annum.
Fuel Surcharge: You can enjoy 2.5% of fuel surcharge waiver at any petrol pump in India. This waiver is valid only for transactions between INR 500 to INR 3000. You can get surcharge waiver up to INR 100 per statement cycle.
Global Acceptance: You can use the SBI student credit card in over 24 million outlets across the globe.
Add-on Cards: You can avail add-on cards for your family if you are above 18 years of age.
Cash Withdrawal: SBI student credit card lets you withdraw money cash from Visa and Mastercard ATMs. The withdrawal limit is up to 80% of the credit limit.
Smart Security: SBI student credit card is enabled with EVM chip which provides an ultra-safety against counterfeiting and skimming.
Utility Bill Payment Facility: You can pay your bills like electricity, mobile bills, telephone, insurance premium etc. using student credit card.
Balance Transfer: You can transfer the outstanding balance on other banks’ credit cards to SBI student credit card to get a low-interest rate and payback in EMI.
Flexipay: The transactions above INR 2500 can be converted to easy monthly installments.
Easy Money: Using this facility, you can get a draft or cheque against your cash limit and get it delivered to your doorstep.
Reasons to Choose SBI Student Credit Card:
With the plethora of features and benefits, SBI Student Plus Advantage Card helps you in saving a lot of money on your education expenses. This does not impose a lot of burden on your repayment as you accumulate cash points on your spending. SBI student credit card is a convenient tool for your credit needs as it has the features of international acceptance, cash withdrawal, EMI options and high level of protection.