The IRCTC SBI Card Premier is a co-branded credit card offered in partnership with SBI Card for irctc.co.in. The card comes with a joining fee of Rs. 1,499 and offers a welcome bonus of 1,500 reward points. You can earn up to 3 reward points for every Rs. 125 spent. The card also provides you with special travel benefits, including annual complimentary railway lounge usage, exciting benefits at over 900 hotels worldwide, savings on railway/flight ticket bookings on irctc.co.in, and much more.
With all these exciting offers, you can earn up to 5,000 reward points every year by spending on the card. You can also waive off your renewal fee for your credit card by spending a minimum amount annually. The milestone spending limit for the waiver is Rs. 2 lakh per year. The IRCTC SBI Card Premier offers several other benefits that allow you to save more. For detailed information on all its benefits, please refer to the detailed information provided below.
- Joining Fee- Rs.1,499 plus applicable taxes
- Renewal Fee- Rs. 1,499
- Best Suited For- Travel
- Reward Type- Reward Points
- Welcome Benefits- 1,500 Reward Points
Rewards and Benefits.
- Movie & Dining- NA
- Rewards Rate- For every Rs. 125 spent on dining and another utility spend, you get 3 reward points and for every Rs. 125 spent on other non-fuel purchases you get 1 reward point.
- Reward Redemption- 1 Reward Point = Re. 1.
- Travel- Complimentary access to railway lounges per year
- Golf- NA
- Domestic Lounge Access- 8 complimentary visits to railway lounges every year (2 each quarter) within India
- International Lounge Access- NA
- Insurance Benefits- You get insurance coverage against air accidents, railway accidents, and a fraud liability cover.
- Zero Liability Protection- Zero liability of credit cardholders for any unlawful transactions made through his/her card post reporting the loss to the bank.
Fees & Charges
- Spend based Waiver- Spend-based waiver of renewal fee on the basis of the amount spent in the previous year.
- Rewards Redemption Fee- Rs. 99
- Foreign Currency Markup- 3.5% on all international transactions
- Interest Rates- 3.5% per month
- Fuel Surcharge- 1% fuel surcharge waiver
- Cash Advance Charge- 2.5% of the cash advance or Rs. 500, the higher of the two.
- Add-on Card Fee- Nil
Product Details
- Up to 3 RP for every Rs. 125 spent.
- Earn 1 Reward Point per 125 spent on other non-fuel retail purchases
- Get a welcome bonus of 1,500 Reward Points.
- Up to 5,000 bonus Reward Points on hitting the milestone spend mark.
- Complimentary access to railway lounges.
- Exclusive benefits at more than 900 hotels all over the world.
- Up to 10,000 miles every night on hotel stays.
- Spend-based renewal fee waiver.
- 1% fuel surcharge waiver.
- Exclusive insurance benefits.
IRCTC SBI Card Premier Rewards:
- For every Rs. 125 spent on retail transactions, you will get 1 Reward Point.
- You get 3 Reward Points on every spend of Rs. 125 on dining & standing instructions utility spends.
- You don’t get any Reward Points on fuel transactions.
Welcome Benefits
You get a welcome bonus of 1,500 Reward Points after successful payment of the joining fee.
Rewards Redemption
- You can redeem your reward points at the SBI Rewardz website against a variety of categories available there, including shopping, gifts & vouchers, merchandise, etc.
- 1 Reward Point = Re. 1.
- You have to pay a reward redemption fee of Rs. 99 per redemption request.
Milestone Benefits
- You get 2,500 bonus Reward Points on achieving total travel spends of Rs. 50,000 in the previous year.
- 5,000 bonus reward points are credited to your account if you achieve a spending of Rs. 1 Lakh in an anniversary year.
Travel Benefits
- The primary cardholder gets 8 complimentary railway lounge access every year (2 every quarter).
- Avail accommodation at more than 5,000 hotels in India across 350 different cities.
- Avail of exclusive benefits across over 900 hotels globally.
- Earn up to 10,000 miles every night on hotel stays and 25% extra miles through Kaligo.com.
Insurance Benefits
- You get insurance coverage worth Rs. 50 lakhs against an air accident.
- You get insurance coverage worth Rs. 10 lakhs against a railway accident.
- You get a fraud liability cover of Rs. 1 lakh.
Other Benefits
- You can save 1% transaction charges on railway ticket bookings on irctc.co.in.
- You can save 1.8% transaction charges on airline ticket bookings on irctc.co.in.
Joining and Renewal Fee Waiver
If the cardholder spends an amount exceeding Rs. 2 Lakhs using his credit card in the previous year, the renewal fee of Rs. 1,499 will be waived off.
Fuel Surcharge Waiver
- On all the fuel transactions between Rs. 500 and Rs. 4,000, the cardholders will get a fuel surcharge waiver of 1%.
- The waiver amount is subject to a maximum of Rs. 250 per month.
How To Apply?
You can apply for the IRCTC SBI Card Premier by visiting the nearest bank branch or by filling out the online application form as follows:
- Go to https://www.sbicard.com/.
- Go to the ‘Credit Cards’ option.
- Click on ‘Travel & Fuel Cards.’
- Select the ‘IRCTC SBI Card Premier.’
- Click on ‘Apply Now.’
- Fill in the required details and provide the necessary documents.
Conclusion
Keeping all its benefits in mind, it is clear that the IRCTC SBI Card Premier is a credit card with amazing saving opportunities. One of its greatest advantages is: the value of its 1 Reward Point is equivalent to Re.1. On issuance of the card, you pay a joining fee of Rs. 1,499 and you get 1,500 Reward Points (equal to Rs. 1,500). Hence, you are getting your joining fee back in the form of Reward Points.
Along with that, you can save up to Rs. 5,000 every year through the milestone benefits of this card. Moreover, you can save on your railway/airline ticket bookings, fuel transactions, hotel stays, and many more categories. With all such amazing benefits, you need not think twice before choosing the IRCTC SBI Card Premier. However, if you want a similar card with a lower annual fee, you can check the IRCTC SBI Platinum Credit Card.
