The Lifestyle Home Centre SBI Card is a shopping credit card launched by the SBI Card for the customers who shop regularly at Lifestyle, Home Centre, Max and Spar stores. The bank has launched three credit cards in the same category: Lifestyle Home Centre SBI Card, Lifestyle Home Centre SBI Card SELECT and Lifestyle Home Centre SBI Card Prime. The card offers reward points every time you shop from these stores and also for transactions made in Dining and movie purchases. Not only this, you can earn up to 16,000 reward points worth Rs. 4,000 every year as milestone benefits. On top of that, the card offers 2,000 reward points every year on renewing the card. The Lifestyle Home Centre SBI Card offers tons of reward points every year, and also provides the facility to redeem Reward Points instantly at Lifestyle, Home Centre and Max stores. Keep reading for a detailed review of the card.
- Joining Fee- Rs. 499 plus applicable taxes
- Renewal Fee- Rs. 499 plus applicable taxes
- Best Suited For- Shopping
- Reward Type- Reward Points
- Welcome Benefits- 2,000 bonus reward points worth Rs. 500 on card activation and Rs. 100 cash back on your first ATM cash withdrawal within 30 days of card activation.
Rewards and Benefits
- Movie & Dining- NA
- Rewards Rate- 5 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max and Spar) Dining & Movies. Earn 1 Reward point Rs. 100 spent on other retail purchases (except Fuel).
- Reward Redemption- Redeem Reward Points instantly at Lifestyle, Home Centre and Max stores (1 Landmark Reward = Rs 0.60).
- Travel- NA
- Golf- NA
- Domestic Lounge Access- NA
- International Lounge Access- NA
- Insurance Benefits- NA
- Zero Liability Protection- NA
Fees & Charges
- Spend based Waiver- NA
- Rewards Redemption Fee- Rs. 99 per redemption request.
- Foreign Currency Markup- 3.5% of the transaction amount
- Interest Rates- 3.5% per month (42% per annum)
- Fuel Surcharge- 1% fuel surcharge waiver for fuel transaction between Rs. 500 to Rs. 3,000. Capped at Rs. 100 per statement cycle.
- Cash Advance Charge- 2.5% subject minimum Rs. 500
- Add-on Card Fee- Nil
Product Details
- Enjoy 2,000 bonus reward points worth Rs. 500 on card activation.
- 5 Reward Points on every Rs. 100 spent at Online & Retail Landmark Stores, Dining & Movies.
- 1 Reward point on every Rs. 100 spent on other retail purchases.
- 8,000 bonus Reward Points on spending Rs. 2 Lakh or more in a year.
- Milestone reward point benefits across all Landmark Stores.
- 1% fuel surcharge wavier.
- 2,000 Reward points every year.
Lifestyle Home Centre SBI Card Benefits and Features
The Lifestyle Home Centre SBI Card offers reward points on every transaction, as milestone spends, and on card renewal. Following are the detailed benefits of the card:
Welcome Benefits
- Enjoy 2,000 bonus reward points worth Rs. 500 on card activation.
- Rs. 100 cash back on your first ATM cash withdrawal within 30 days of card activation.
Milestone Benefits
With the Lifestyle Home Centre SBI Card’s milestone benefits, you can earn up to 16,000 reward points annually worth Rs. 4,000. Here’s how:
- Get 8,000 bonus Reward Points on retail spending of Rs. 2,00,000 or more.
- Get 1,000 bonus Reward Points on spending Rs. 20,000 or more across all Landmark Stores.
- Earn 2,000 bonus Reward Points on spending Rs. 45,000 across all Landmark Stores.
- Earn 5,000 bonus Reward Points on spending Rs. 95,000 across all Landmark Stores.
Renewal Benefit
Get 2,000 Reward point worth Rs. 500 on successful payment of the annual fee of Rs. 499 for the Lifestyle Home Centre SBI Card. Note that these Reward Points will be credited within 30 days of annual fee payment
Fuel Surcharge Benefit
For every fuel transaction done with the Lifestyle Home Centre SBI Card between Rs. 500 and Rs. 3,000 get a 1% wavier on surcharge. Capped at Rs. 100 per month.
Lifestyle Home Centre SBI Card Rewards
- 5 Reward Points on every 100 Rs. spent at Online & Retail Landmark Stores (Lifestyle, Home Centre, Max and Spar) Dining & Movies.
- 1 Reward point on every Rs. 100 spent on other retail purchases.
Reward Redemption
You can convert Reward Points into Landmark Landmark Rewards:
- 1 Landmark Reward is equivalent to 2.4 SBI Reward Point
- 1 SBI Card Reward Point is equivalent to Rs. 0.25
- 1 Landmark Reward is equivalent to Rs. 0.60
Lifestyle Home Centre SBI Card Fees and Charges
- Joining Fee: The Joining fee for the Lifestyle Home Centre SBI Card is Rs. 499 (plus applicable taxes).
- Annual Fee: The Annual fee for the Lifestyle Home Centre SBI Card is Rs. 499 (plus applicable taxes).
- Interest Rate: An interest rate of 3.5% p.m. (42% p.a.) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Forex Mark-up Fee: A foreign currency mark-up fee of 3.5% (plus applicable taxes) of the transaction amount is applicable on all foreign currency transactions made with Lifestyle Home Centre SBI Card.
- Cash Advance Charges: A charge of 2.5% of the amount withdrawn or flat Rs. 500 (whichever is higher) is applicable to the cash advance transactions made on Lifestyle Home Centre SBI Card.
Lifestyle Home Centre SBI Card Elite Eligibility Criteria
Some specific eligibility requirements need to be fulfilled by the applicants to get approved for this credit card. Some of the basic requirements are as follows:
- The applicant’s age should be between 21 years to 70 years.
- The applicant should have a stable income.
- The credit score of the applicant might also play an important role here.
Documents Required
Following are the documents that you will have to upload/submit while filling out the application form for the Lifestyle Home Centre SBI Card:
- Identity Proof – Aadhar Card, Voters’ Id, PAN Card, Passport, Driving License, etc.
- Address Proof – Aadhar Card, Utility bills, Driving license, Passport, etc.
- Income Proof – Latest salary slips, latest bank statements, or latest ITR.
How To Apply For Lifestyle Home Centre SBI Card?
You can apply for the Lifestyle Home Centre SBI Card online as well as offline at yours. To apply offline, visit your nearest SBI branch with all the required documents and apply by filling out the physical application form. You can also apply online via the SBI Card’s official website as follows:
- Visit the SBI Card’s official website.
- Click on ‘Credit Cards.’
- Select the Lifestyle Home Centre SBI Card.
- Click on apply now and proceed further accordingly.
Conclusion
Lifestyle Home Centre SBI Card is a good option for you if you regularly shop at Lifestyle, Home Centre, Max or Spar. For all the transactions made at these stores, the card offers a great reward point. Also, you can redeem these reward points into Landmark reward points. Moreover, the card offers reward points for achieving, milestone spend and also on card renewal. That was the detailed review of the card. You can also check out other shopping cards in the same range by SBI- SBI SimplyCLICK Credit Card, which is one of the popular cards in India in the basic category.
