SBI Rupay Credit Card

SBI Rupay credit cards are domestic card payment networks enabling secure payments for goods and services in India and abroad. SBI Bank offers two Rupay credit cards: IRCTC SBI Rupay Credit Card and SimplySAVE SBI Credit Card.

  • IRCTC SBI Rupay Credit Card is a co-branded card between IRCTC and the State Bank of India. It is a travel card specially designed for frequent railway travellers. The card comes with a varied set of benefits in terms of travel and more.
  • SimplySAVE SBI Rupay Credit Card is issued to help consumers save on everyday spending. It is a saving-oriented card with various advantages for daily expenses. 

Key Highlights of the SBI Rupay Credit Card

The major highlights of these cards are as follows:

Parameter

IRCTC SBI Rupay Card

SBI SimplySAVE Card

Suitability

Train commutations

Daily spending and shopping

Offers

4 complimentary railway lounge access in a year

The Spend of Rs. 2,000 and more in the first 60 days generates 2,000 bonus Reward Points

Renewal Charges

Rs. 300 + GST

Rs. 499 

Benefits and Features of the SBI Rupay Card

SBI Rupay credit card benefits and core features are as follows:

IRCTC SBI Card

SimplySAVE SBI Card

  • Welcome Reward: The user gets 350 activation reward points on a single transaction of Rs. 500 and more within 45 days of the card issue. However, fuel and cash spending are not included in this. 
  • ValueBack Rewards: Tickets purchased through irctc.co.in & IRCTC Mobile App for AC1, AC2, AC3, Executive Chair car, and Chair Car will earn up to ten percent value back in the form of reward points. 
  • Reward Points: Users get a reward point for every Rs. 125 that is spent on non-fuel retail spending; this includes railway ticket purchases at the official IRCTC site and application. 
  • IRCTC Travel Offers: Users can save 1% on transaction charges on railway ticket bookings on the official site. 
  • Fuel Surcharge Waiver: There is a 1% discount on fuel surcharge across all petrol stations in India. This is on transactions of Rs. 500 to Rs. 3,000, which excludes GST. 
  • Railway Lounge Program: There are four complimentary railway lounge accesses in one year to participating lounges in the country.
  • Welcome Reward: Spend Rs. 2,000 or more within the first 60 days, and the user will get 2,000 bonus reward points. 
  • Reward Points
    - There are ten reward points for every Rs. 150 spent on movies, dining, departmental stores, and grocery expenses.
    - The user can earn one reward point for every Rs. 150 spent on all the other spends. 
  • FuelBenefits: The user gets the benefit of a 1% fuel surcharge waiver at any petrol station in the country. This ranges for transactions from Rs. 500 to Rs. 3,000. 
  • Spend-Based Reversal Benefits
    - Users will get an annual membership fee reversal from the 2nd year of the subscription.
    -
    The fee can be reversed with the spending of Rs. 1,00,000 or more on the previous year. 

Charges and Fees of SBI Rupay Credit Card

Following are the associated fees and charges-

 

Charges 

IRCTC SBI Rupay

SimplySAVE SBI Rupay

Annual Fee

Rs. 500 + GST

Rs. 499

Renewal Fee

Rs. 300 + GST

Rs. 499 (renewal fee can be reversed if the annual spend is more than Rs. 1,00,000. 

Add On Charges

Nil

Nil

Late Payment Fee Applicable on the SBI Rupay Credit Card

The late charges of the cards are:

Late Payment Fee Applicable for IRCTC SBI Rupay and SimplySAVE SBI Rupay

Outstanding Balance

Charges 

Rs. 0 to Rs. 500

Nil

Rs. 500 to Rs. 1,000

Rs. 400

Rs. 1,000 to Rs. 10,000

Rs. 750

Rs. 10,000 to Rs. 25,000

Rs. 950

Rs. 25,000 to Rs. 50,000

Rs. 1,100

Rs. 50,000 and above

Rs. 1,300

Eligibility Criteria to Apply for the SBI Rupay Credit Card

The eligibility to apply for these cards is as follows:

Parameter

IRCTC Rupay SBI

SimplySave SBI 

Nationality

Indian or NRI

Indian or NRI

Age

Over 21 Years of Age

Above 21 and Below 55 for Salaried individuals

Employment

Salaried or Self-Employed 

Above 21 and below 70 for self-employed individuals

Documents Required to Apply

The documents mentioned below are essential to apply for the credit card:

  • PAN Card
  • A copy of your Aadhaar card or any other valid proof of address
  • Income documents, such as salary slips, ITR, etc.

How to Get an SBI Rupay Credit Card?

You can apply for the SBI Rupay credit card directly from the official portal of the bank, and the steps are mentioned below in detail:

Step 1: Navigate to the official portal first, choose the credit cards page, and choose your preferred credit card from the provided options. 

Step 2: Once you have selected the card, you need to click on 'Apply Now.' 

Step 3: Fill out the electronic application form/online application form and attach the documents. 

Step 4: Click on the submit button, and you will receive an instant response based on your documents. 

Step 5: If your application has been approved, you will get a call from the bank for further verification.

Step 6: After verification, the card will be issued to you.

Credit Cards Similar to the SBI Rupay Card

Other bank cards similar to SBI Rupay cards are-

Card Name

Characteristics

Axis Bank Rupay Indian Oil Card

  • 100% cashback up to Rs. 250 on fuel spent within 30 days of the issue of the card. 
  • Twenty reward points for every Rs. 100 spent on online shopping.
  • One reward point on every Rs. 100 spent on all other expenses. 

PNB RuPay Select Credit Card

  • Three hundred points on the first transaction. 
  • Complimentary access to the domestic and international lounge program. 
  • Cashback on payment of utility bills and dining expenses. 

Union Bank RuPay Platinum Credit Card

  • The annual fee is waived on the spend of Rs. 30,000 or more. 
  • Merchant-specific offers and discounts at restaurants. 
  • 1% on fuel surcharge at petrol pumps across India. 
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