The FABINDIA SBI Card is a co-branded credit card issued by the State Bank of India in partnership with Fabindia. The card comes with a nominal joining fee of Rs. 499, and earns you a gift voucher worth Rs. 500 as a welcome benefit. With this card, you can earn up to 5 Reward Points on every Rs. 100 you spend. The Reward Points can be converted into Fabfamily rewards and can be redeemed against shopping. Moreover, you get a gift voucher worth Rs. 750 from Aditya Birla Fashion / Bata / Yatra / Urban Ladder / Hush Puppies on achieving the milestone spend.
To let you save more on this card, it gives you a chance to get your renewal fee waived off on the basis of your total annual spends. There are several more advantages of the FABINDIA SBI Card. To know all of them, keep reading the details given below:
- Joining Fee- Rs. 499
- Renewal Fee- Rs. 499
- Best Suited For- Shopping
- Reward Type- Reward Points
- Welcome Benefits- Fabindia gift vouchers worth Rs. 500 & Fabfamily Gold Tier membership.
Rewards and Benefits
- Movie & Dining– NA
- Rewards Rate- 5 RPs per Rs. 100 spent on Fabindia stores, 2 RPs per Rs. 100 spent on dining, entertainment & movies, 1 Reward Point per Rs. 100 spent on international spends, 1 Reward Points per Rs. 200 spent on all other categories.
- Reward Redemption- The Reward Points can be converted into Fabfamily Rewards and can be redeemed against shopping at a rate of 1 Reward Point = 1 Fabfamily Reward = Re. 1.
- Travel- NA
- Golf- NA
- Domestic Lounge Access- NA
- International Lounge Access- NA
- Insurance Benefits- NA
- Zero Liability Protection- The cardholder shall not be liable for any unauthorized transactions made on his/her card after reporting the card as lost/stolen to the bank.
Fees & Charges
- Spend based Waiver- Get your renewal fee waived off on a minimum spend of Rs 1 lakh in the previous year.
- Rewards Redemption Fee- Rs. 99
- Foreign Currency Markup- 3.5% on all foreign currency spends
- Interest Rates- 3.5% per month
- Fuel Surcharge- 1% fuel surcharge waiver for all fuel transactions up to Rs. 3,000
- Cash Advance Charge- 2.5% of the cash amount withdrawn or Rs. 500 (whichever is higher)
- Add-on Card Fee- Nil
Product Details
- Get up to 2 Reward Points on every Rs. 100 you spend.
- 5 Reward Points on every Rs. 100 spent on Fabindia stores.
- Gift vouchers worth Rs. 500 as a welcome gift.
- Access to Fabfamily Gold Tier membership.
- Gift vouchers worth Rs. 750 on achieving the milestone spend.
- Spend-based renewal fee waiver.
- 1% fuel surcharge waiver.
FABINDIA SBI Card Rewards:
- You get 5 Reward Points on every Rs. 100 you spend on Fabindia stores.
- You get 2 Reward Points on every Rs. 100 you spend on movies, dining, and entertainment.
- You get 1 Reward Point on every international spend of Rs. 100.
- You get 1 Reward Points on every Rs. 100 you spend on all other categories.
Welcome Benefits
- You get a Fabindia gift voucher worth Rs. 500.
- You get access to the Fabfamily Gold Tier membership.
- The welcome benefits are credited to your account within 15 days after successful payment of the joining fee.
Rewards Redemption
- The Reward Points you earn can be converted into Fabfamily Rewards through the SBI website/mobile app.
- The fabfamily rewards can be redeemed only against shopping at a rate of 1 Reward Point = 1 Fabfamily Reward = Re. 1.
- The state bank of India charges a reward redemption fee of Rs. 99.
- You need a minimum of 100 Reward Points for redemption.
Milestone Benefits
You get gift vouchers worth Rs. 750 from Aditya Birla Fashion / Urban Ladder / Yatra / BATA / Hush Puppies on spending Rs. 1 lakh or more in a quarter.
Joining and Renewal Fee Waiver
The renewal fee for the FABINDIA SBI Card can be waived off if you spend Rs. 1 lakh or more in an anniversary year.
Fuel Surcharge Waiver
- You get a 1% fuel surcharge waiver at all fuel stations for all transactions up to Rs. 3,000.
- The maximum benefit you can get through the fuel surcharge waiver on this card is Rs. 100 per statement cycle.
How To Apply?
To apply for a FABINDIA SBI Card, you can visit the nearest SBI branch or you can fill the online application form as follows:
- Go to https://www.sbicard.com/.
- Click on the option ‘Credit Cards.’
- Click on ‘Shopping Cards.’
- Select the ‘FABINDIA SBI Card’
- Click on ‘Apply Now.’
- Fill in the application form carefully and upload all the required documents.
Conclusion
The FABINDIA SBI Card gives you an opportunity to save amazingly on shopping as you can redeem your earned Reward Points against shopping at a rate of 1 Reward Point = Re. 1. Also, the gift vouchers you earn as welcome & milestone benefits are among its features that attract customers the most. Not only shopping, but you can also save through the fuel surcharge waiver and the renewal fee waiver on this card. Keeping all its benefits in mind, you should undoubtedly go for the FABINDIA SBI Card if you love shopping. Also, do share your views on this card in the comment section below.
