Spar SBI Credit Card - Features, Benefits, Fees & More
About Spar SBI Credit Card
The Spar SBI Credit Card is a co-branded shopping credit card offered by SBI Card in partnership with Spar Hypermarket. This card is specially designed for regular shoppers at Spar stores, offering attractive rewards and discounts on purchases. With benefits like reward points, welcome vouchers, and exclusive discounts, this card is ideal for those who frequently shop at Spar outlets across India. The card comes with no joining fee and provides additional benefits like fuel surcharge waiver and complimentary add-on cards.
Spar SBI Credit Card Key Details
| Card Issuer | SBI Card |
|---|---|
| Joining Fee | Nil |
| Renewal Fee | ₹499 + GST |
| Card Category | Shopping Credit Card |
| Rewards | 10X Reward Points at Spar stores |
| Welcome Benefit | ₹500 Spar voucher on spending ₹5,000 in first 60 days |
| Fuel Surcharge Waiver | 1% waiver (min. transaction ₹500, max. ₹100 per statement) |
Spar SBI Credit Card - Additional Details
- Co-branded Partner: Spar Hypermarket
- Annual Fee Waiver: Spend ₹50,000 in a year to get renewal fee waived off
- Add-on Cards: Up to 3 complimentary add-on cards
- Interest Rate: 3.35% per month (40.2% annually)
- Cash Advance Fee: 2.5% of amount (min. ₹300)
- Late Payment Charges: Up to ₹1,300
- Overlimit Charges: 2.5% of overlimit amount (max. ₹500)
- Foreign Currency Markup: 3.5% on international transactions
Features & Benefits
- 10X Reward Points: Earn 10 reward points for every ₹100 spent at Spar stores (5% reward value)
- Welcome Benefit: Get ₹500 Spar voucher on spending ₹5,000 within 60 days of card issuance
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500-₹3,000 (max. ₹100 per statement)
- Discounts at Partner Outlets: Exclusive discounts at Spar stores and other partner merchants
- Contactless Payments: Secure tap-and-pay feature for transactions up to ₹5,000
- SMS Alerts: Free transaction alerts for all purchases
- Complimentary Add-on Cards: Get up to 3 add-on cards at no extra cost
- Easy EMI Conversion: Convert large purchases into EMIs
Rewards & Cashback
- Spar Stores: 10 reward points per ₹100 spent (5% reward value)
- Other Purchases: 1 reward point per ₹100 spent (0.5% reward value)
- Reward Redemption: 1 reward point = ₹0.50 at Spar stores
- Redemption Options: Redeem points for shopping vouchers, flight tickets, or statement credit
- Welcome Voucher: ₹500 Spar voucher on spending ₹5,000 in first 60 days
- No Upper Limit: Unlimited reward points accumulation
- Points Validity: 24 months from date of earning
Fees & Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | ₹499 + GST |
| Add-on Card Fee | Nil (up to 3 cards) |
| Cash Advance Fee | 2.5% (min. ₹300) |
| Late Payment Charges | ₹100-₹1,300 |
| Overlimit Charges | 2.5% (max. ₹500) |
| Foreign Currency Markup | 3.5% |
Eligibility Criteria
- Age: 21-70 years
- Minimum Income: ₹2.4 lakh per annum (₹20,000 per month)
- Employment: Salaried or self-employed individuals
- Credit Score: 750 or above preferred
- Residence: Indian resident with valid address proof
- Existing Relationship: Existing SBI account holders may get preference
Documents Required
- Identity Proof: PAN card (mandatory), Aadhaar card, Passport, or Driving License
- Address Proof: Aadhaar card, Passport, Utility bill (not older than 3 months), or Rent agreement
- Income Proof: Salary slips (last 3 months), Form 16, or Bank statements (last 6 months)
- Photographs: 1 recent passport-size photograph
- Additional Documents: For self-employed - Business proof, ITR (last 2 years)
How to Apply for Spar SBI Credit Card
- Online Application: Visit SBI Card official website and fill the application form
- In-store Application: Apply at any Spar Hypermarket outlet through their kiosks
- Document Submission: Upload scanned copies of required documents
- Verification: SBI Card representative will verify your details
- Approval: Application processing takes 7-10 working days
- Card Delivery: Approved cards are dispatched within 5-7 working days
- Activation: Activate your card via SMS or online portal before first use
How to Maximize Benefits
- Spar Shopping: Use the card exclusively at Spar stores to earn 10X reward points
- Welcome Benefit: Ensure you spend ₹5,000 in first 60 days to get ₹500 voucher
- Fuel Purchases: Use for fuel transactions between ₹500-₹3,000 to get surcharge waiver
- Partner Offers: Check for ongoing discounts at partner merchants
- Redemption Strategy: Redeem points at Spar stores for maximum value (₹0.50 per point)
- Annual Fee Waiver: Spend ₹50,000 annually to get renewal fee waived
- Bill Payments: Pay all bills on time to avoid late fees and interest charges
Similar Credit Cards from Other Banks
- Big Bazaar HDFC Bank Credit Card: Offers rewards at Big Bazaar and other Future Group stores
- More HDFC Bank Credit Card: Benefits for shoppers at More retail stores
- Reliance SBI Credit Card: Special benefits at Reliance stores
- Flipkart Axis Bank Credit Card: Cashback on Flipkart and other purchases
- Amazon Pay ICICI Bank Credit Card: Cashback on Amazon purchases
- D-Mart HDFC Bank Credit Card: Rewards for D-Mart shoppers
Official Links
- Spar SBI Credit Card Official Page
- SBI Card Official Website
- Spar India Website
- Card Features Details
- Online Application Link
Spar SBI Credit Card Review
The Spar SBI Credit Card is an excellent choice for regular shoppers at Spar Hypermarkets. With no joining fee and attractive rewards program (10X points at Spar stores), it offers substantial savings for frequent shoppers. The 5% reward rate at Spar is among the best in co-branded retail cards category.
Pros:
- No joining fee makes it risk-free to try
- High 5% reward rate at Spar stores
- Complimentary add-on cards
- Welcome voucher of ₹500 on meeting spending criteria
- Fuel surcharge waiver benefit
Cons:
- Limited benefits outside Spar stores (only 0.5% reward rate)
- ₹499 + GST annual fee (though waivable)
- No airport lounge access
- Reward points redemption primarily valuable at Spar stores
Verdict: If you're a regular Spar shopper, this card is a must-have for the substantial savings it offers. For others, general-purpose reward cards might be better suited.
Frequently Asked Questions (FAQs)
What is the joining fee for Spar SBI Credit Card?
There is no joining fee for the Spar SBI Credit Card. It comes with zero joining charges.
How much is the annual fee for Spar SBI Credit Card?
The annual fee is ₹499 + applicable taxes. However, this fee is waived if you spend ₹50,000 or more in a year.
What is the reward rate at Spar stores?
You earn 10 reward points for every ₹100 spent at Spar stores, which equals to 5% reward value when redeemed at Spar outlets.
How to get the welcome benefit of ₹500 voucher?
You need to spend ₹5,000 within 60 days of card issuance to receive the ₹500 Spar voucher as welcome benefit.
Is there fuel surcharge waiver on this card?
Yes, you get 1% fuel surcharge waiver on transactions between ₹500-₹3,000 at fuel stations across India (maximum waiver of ₹100 per statement cycle).
Can I get add-on cards for family members?
Yes, you can get up to 3 complimentary add-on cards for your family members at no extra cost.
Where all can I use this card apart from Spar stores?
This is a regular Visa credit card that can be used anywhere Visa cards are accepted, though maximum benefits are available at Spar stores.
How to redeem reward points?
You can redeem points through the SBI Card website/app for Spar vouchers, flight tickets, or as statement credit. Maximum value is obtained when redeemed at Spar stores.
Disclaimer
This information is provided for general informational purposes only. While we strive to keep the information up-to-date and correct, we make no representations or warranties of any kind about the completeness, accuracy, reliability of the information. The card details, fees, features and benefits mentioned here are subject to change by SBI Card without prior notice. For exact and updated information, please always refer to the official SBI Card website. This is not the official website of SBI Card or any bank.
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