Spar SELECT SBI Credit Card - Features, Benefits, Fees & More
About Spar SELECT SBI Credit Card
The Spar SELECT SBI Credit Card is a premium shopping credit card designed exclusively for Spar Hypermarket shoppers. This co-branded card offers exciting rewards, discounts, and benefits when you shop at Spar stores across India. With attractive cashback offers, reward points, and special privileges, this card is ideal for regular shoppers at Spar outlets. The card comes with a nominal joining fee and provides value-added services that enhance your shopping experience while helping you save money on your purchases.
Card Details
| Card Issuer | SBI Card |
|---|---|
| Joining Fee | ₹1,499 + GST |
| Renewal Fee | ₹1,499 + GST (Waived on spending ₹1.5 lakh in previous year) |
| Card Category | Shopping/Co-branded |
| Rewards | 10X Reward Points on Spar purchases, 5X on Dining, 1X on other spends |
| Airport Lounge | 4 complimentary visits per year |
| Railway Lounge | Not available |
Key Highlights
- Welcome benefit of 2,500 Reward Points on payment of joining fee
- 10X Reward Points on all purchases at Spar Hypermarket & Supermarket
- 5X Reward Points on dining spends across India
- 1 Reward Point = ₹0.25 redemption value
- 4 complimentary domestic airport lounge accesses per year
- Fuel surcharge waiver at all fuel stations across India
- Contactless payment enabled for secure transactions
- Complimentary personal accident insurance cover of ₹50 lakh
- 24x7 concierge services for travel and lifestyle assistance
- Zero liability on lost card from the date of reporting
Features & Benefits
- Accelerated Rewards: Earn 10X Reward Points on all your Spar purchases, making your shopping more rewarding.
- Dining Benefits: Get 5X Reward Points when you dine at restaurants across India.
- Welcome Gift: Receive 2,500 Reward Points (worth ₹625) as welcome benefit upon payment of joining fee.
- Travel Privileges: Enjoy 4 complimentary domestic airport lounge visits per year.
- Fuel Surcharge Waiver: Get 1% fuel surcharge waiver at all fuel stations (min transaction ₹500, max ₹100 per statement).
- Insurance Cover: Complimentary personal accident insurance cover of ₹50 lakh.
- Contactless Payments: Secure and quick tap-and-pay transactions with contactless technology.
- Easy EMI: Convert big purchases into easy EMIs with flexible tenure options.
Rewards & Cashback
- Spar Purchases: 10 Reward Points per ₹100 spent (10X points)
- Dining: 5 Reward Points per ₹100 spent (5X points) at restaurants across India
- Other Spends: 1 Reward Point per ₹100 spent on all other categories
- Redemption Value: 1 Reward Point = ₹0.25 (4 Reward Points = ₹1)
- Redemption Options: Redeem points for Spar shopping vouchers, statement credit, or other rewards
- No Upper Limit: No capping on reward points you can earn
- Bonus Points: Additional reward points during special promotional periods
Fees & Charges
| Fee Type | Amount |
|---|---|
| Joining Fee | ₹1,499 + GST |
| Annual Fee | ₹1,499 + GST (Waived on spending ₹1.5 lakh in previous year) |
| Add-on Card Fee | Nil |
| 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) |
Eligibility Criteria
- Age: 21-70 years
- Minimum Income: ₹3 lakh per annum (for salaried individuals)
- Minimum Income: ₹6 lakh per annum (for self-employed professionals)
- Good credit score (preferably 750+)
- Existing banking relationship with SBI is preferred but not mandatory
- Should meet SBI Card's internal credit policy
Documents Required
- Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Driving License, or Voter ID
- Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 3 months), Rental Agreement
- Income Proof:
- Salaried: Latest 3 months salary slips + Form 16 or 6 months bank statements
- Self-employed: Last 2 years ITR with computation of income + 6 months bank statements
- Passport size photograph
- Completed application form
How to Apply
- Online Application: Visit SBI Card official website and fill the application form
- In-store Application: Apply at any Spar store through their card representatives
- Document Submission: Upload soft copies of required documents or submit physical copies if applying offline
- Verification: SBI Card representative will verify your details and documents
- Approval: Application processing typically takes 7-10 working days
- Card Delivery: Upon approval, card will be dispatched to your registered address
- Activation: Activate your card through SMS, online portal or customer care
How to Maximize Benefits
- Shop at Spar Stores: Use this card for all your Spar purchases to earn 10X Reward Points.
- Dining Out: Pay with this card at restaurants to get 5X Reward Points on your dining bills.
- Big Purchases: Use EMI option for expensive purchases at Spar to manage your budget.
- Travel: Utilize your 4 complimentary airport lounge accesses when traveling domestically.
- Fuel: Use this card for fuel purchases to get surcharge waiver (minimum ₹500 transaction).
- Redemption Strategy: Accumulate points and redeem when you have substantial points for maximum value.
- Promotions: Keep an eye on special promotions offering extra points or discounts at partner outlets.
Similar Credit Cards
- Big Bazaar HDFC Bank Credit Card: Offers rewards and discounts at Big Bazaar stores
- More HDFC Bank Credit Card: Benefits for shopping at More retail stores
- Flipkart Axis Bank Credit Card: Cashback on Flipkart and partner merchants
- Amazon Pay ICICI Bank Credit Card: Rewards for Amazon purchases
- Reliance SBI Card: Benefits for shopping at Reliance stores
- IRCTC SBI Card Platinum: Railway booking benefits
Official Links
Card Review
The Spar SELECT SBI Credit Card is an excellent choice for regular shoppers at Spar Hypermarkets and Supermarkets. With its attractive 10X reward points on Spar purchases and 5X points on dining, the card offers substantial value for money if you frequently shop at Spar outlets. The welcome benefit of 2,500 reward points (worth ₹625) helps offset the joining fee to some extent.
The card shines in its reward structure for its target audience - Spar shoppers. The 4 complimentary airport lounge accesses add travel benefits to this primarily shopping-focused card. However, the reward structure on non-Spar spends is average compared to other premium cards.
Pros:
- Excellent rewards for Spar shoppers
- Good dining benefits
- Complimentary airport lounge access
- No add-on card fees
Cons:
- Joining fee is on the higher side
- Average rewards on non-Spar spends
- No railway lounge access
Verdict: 4/5 - Highly recommended for frequent Spar shoppers, but may not be the best choice if you don't shop regularly at Spar stores.
Frequently Asked Questions
What is the joining fee for Spar SELECT SBI Credit Card?
The joining fee for Spar SELECT SBI Credit Card is ₹1,499 + applicable taxes.
How can I waive off the annual fee?
The annual fee of ₹1,499 + GST is waived if you spend ₹1.5 lakh or more in the previous year.
What is the reward rate for Spar purchases?
You earn 10 Reward Points per ₹100 spent (10X points) on all purchases at Spar Hypermarket & Supermarket.
How many airport lounge accesses do I get?
You get 4 complimentary domestic airport lounge accesses per year.
Is there any fuel surcharge waiver?
Yes, you get 1% fuel surcharge waiver at all fuel stations across India (minimum transaction of ₹500, maximum waiver of ₹100 per statement).
Can I convert purchases to EMI?
Yes, you can convert your big purchases into easy EMIs with flexible tenure options.
What is the redemption value of reward points?
1 Reward Point = ₹0.25 (4 Reward Points = ₹1). You can redeem points for Spar shopping vouchers, statement credit, or other rewards.
Disclaimer
The information provided here about Spar SELECT SBI Credit Card is for informational purposes only. Please verify all details, terms & conditions, fees and charges with the official SBI Card website before applying. CreditCardPath.in is not affiliated with SBI Card or any bank, and the information may change without notice. We don't guarantee the accuracy of the information provided. The final approval of credit card applications is at the sole discretion of SBI Card based on their internal policies and your creditworthiness.
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