SBI Student Plus Advantage Credit Card 2024: State Bank of India (SBI), the largest bank in India, has a rich history of offering banking services through its widespread network of branches across the country. Among the array of services provided by SBI, credit cards cater to various needs, including shopping, travel, lifestyle, and more. Specifically designed to appeal to the student community, the SBI Student Plus Advantage Credit Card comes with unique features tailored to meet the requirements of students.
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- 1 SBI Student Plus Advantage Credit Card Eligibility
- 1.1 Key Features of SBI Student Plus Advantage Credit Card
- 1.2 1. Joining & Annual maintenance fee
- 1.3 2. Supplementary Card Option
- 1.4 3. 2.5% Cash Back Benefit
- 1.5 4. Global Cash Withdrawal and Acceptance
- 1.6 5. Flexi-Pay Option
- 1.7 6. Extended Credit Features
- 1.8 Exclusive Features
- 1.9 SBI Student Plus Advantage Credit Card FAQ
SBI Student Plus Advantage Credit Card Eligibility
| S.No. | Criteria | Eligibility |
|---|---|---|
| 1 | Age | Should not be a minor i.e. Applicant should be at least 18 years old |
| 2 | Nationality | Should be Indian |
| 3 | Apply | Click Here |
Key Features of SBI Student Plus Advantage Credit Card
1. Joining & Annual maintenance fee
| S.No. | Type of Fee | Amount |
|---|---|---|
| 1 | Annual Fee – One Time | Nil |
| 2 | Renewal Fee | Free – If the total purchases on the card are Rs. 35,000 or more in the preceding year<br>Rs. 500 – If the total purchases on the card are less than Rs. 35,000 in the preceding year |
| 3 | Add-on Fee | Nil |
2. Supplementary Card Option
If you’re an existing SBI education loan customer above 18 with a good credit history, you qualify for a complimentary add-on card for a family member. For those below 18, the primary card will be issued in the parent’s name, with an add-on card issued in the student’s name.
3. 2.5% Cash Back Benefit
Enjoy a 2.5% value back (10 Cash Points for every Rs. 100 spent) on departmental store and grocery purchases with the SBI Student Plus Advantage Card. Each cash point is equivalent to Rs. 0.25, providing a 2.5% benefit. Cash points can be encashed after accumulating a minimum of 2000 points.
4. Global Cash Withdrawal and Acceptance
Withdraw cash from over 1 million Visa and MasterCard ATMs worldwide, up to 80% of the cash withdrawal limit. This international credit card is accepted at over 24 million global outlets, including 3,25,000 outlets in India.
5. Flexi-Pay Option
For purchases exceeding Rs. 2500 in any month, the Flexi-Pay option allows you to convert transactions into EMIs over 6, 12, or 24 months if full repayment is challenging.
6. Extended Credit Features
- Interest-free credit period: Enjoy up to 20-25 days of interest-free credit on retail purchases if the previous month’s outstanding balance is paid.
- Finance charges: For loans, up to 2.25% per month or 27% per annum from the transaction date + EMI.
- Minimum amount due: 5% of the total outstanding (Min. Rs. 200 + all applicable taxes + EMI for EMI-based products + OVL amount, if any).
Exclusive Features
- This exclusive credit card is offered only to SBI education loan customers.
- Obtain your SBI Student Plus Advantage Card against a fixed deposit at any State Bank of India branch.
- Online Booking of Railway Tickets: Easily book railway tickets online and have them delivered to your doorstep through irctc.co.in. Simply register, log in, and follow the instructions on the website to make reservations, completing payments with your SBI Card at Visa-accepting gateways.
SBI Student Plus Advantage Credit Card FAQ
The SBI Student Plus Advantage Credit Car. is a credit card designed specifically for students. It usually comes with features that cater to the financial needs of students, such as lower annual fees, rewards on educational spending, and other student-friendly benefits.
The application process typically involves filling out an online or offline application form provided by SBI. You may need to meet certain eligibility criteria, such as being a student and providing necessary documents.
Benefits may include special offers on educational expenses, rewards or cashback on specific categories, lower fees, and the opportunity to build a credit history.
Credit cards usually have an annual fee, but student credit cards may offer reduced fees. The specific fees associated with the SBI Student Plus Advantage Credit Car. can be found in the terms and conditions.
You can usually check the application status online through the SBI official website or by contacting the customer support service.
