If you are looking for one of the best credit cards in India, then you should consider looking at the Air India SBI Platinum Card. It has many perks and benefits which you will love if you spend a lot of money. This card is specially made for all the frequent flyers out there. If you want to sign up for the card, you will have to pay a joining fee of Rs 1,499 for the first year. There is a joining bonus of 5,000 reward points when you sign up for the card. The card comes with an annual fee, and there will also be a renewal fee for every year that you extend your membership for the card.
Benefits of Air India SBI Platinum Card
The 5,000 reward points for joining will be credited into your account in the first fifteen days after you make the annual fee payment. There is yet another joining benefit of the card which is that you get free membership of the Air India Frequent Flyer Program. Coming to the reward points, you can earn 15,000 bonus points when you achieve your milestone for annual spending. If you are spending at least Rs 2,00,000 annually, then you will receive a bonus of 5000 points. For a yearly spend of Rs 3,00,000 or more, you will earn 10,000 points. The total points that you will receive are 15,000. Every time you renew your card, you will earn 2000 points.
Every time you spend Rs 100 from the card, you will earn two reward points. Every time you spend Rs 100 on Air India tickets, you will receive 15 points, and for other airlines, you will earn 5 points. You can use these miles that you earn in redeeming Air India flight tickets by converting the points to Air India Air Miles. One reward point equals one Air India Air Mile. With the card, you will also be able to make use of the Visa Lounge Access Program and get eight complimentary access to domestic airport lounges. There is also a fuel surcharge of 1% on all the fuel transactions which you make from the card. The maximum waiver you can get on fuel transactions in a month is of Rs 250.
Eligibility Criteria For Air India SBI Platinum Card
To be able to apply for the card, you must have a stable income source. The income criteria will be informed to you by the bank when you apply for the card. You must be of the appropriate age as per the guidelines of SBI. Your credit score should be high or else you won’t be able to get this card. There are certain documents which you need to provide as well.
You have to provide the following documents:
Photocopy of PAN Card
Photocopy of Income Proof
One coloured photograph
One identity proof and address proof is required as well.
Fees and Charges of Air India SBI Platinum Card
There is a joining and annual fee of Rs 1,499, and the renewal fee is the same as well. The bank will charge an interest rate of up to 3.35% per month. When you withdraw money from ATM, you will be charged with a 2.5% interest on your withdrawal, and the minimum amount which you can withdraw is Rs 300. There will be a cash payment fee of Rs 100. If you lose your card and need it to be reissued, you will have to pay a charge of Rs 100. Every foreign currency transaction which you make will be levied with 3.5% interest. One of the features of the card is the Flexipay. This allows you to convert any amount above Rs 2,500 into EMI’s for your convenience.