Is IRCTC SBI Platinum Credit Card Best Or Worst? – Benefits, Downsides & Fees

IRCTC SBI Platinum credit card, A Credit Card that is specially made for those who love to travel. SBI(State Bank Of India) & IRCTC(Indian Railway Catering & Tourism Corporation) collaborated and launched a Platinum credit card named IRCTC SBI Platinum credit card. This IRCTC SBI Platinum credit card is specially made for Those who like to travel and I want to use this card for traveling. If you want to use this card for traveling then you can use this IRCTC SBI platinum card because on, this card you will get benefits related to ticket booking & railway services.

So in this article, we will talk about the benefits of the IRCTC SBI Platinum credit card downsides of this credit card, Charges & Fees for the IRCTC SBI credit card.

Benefits Of IRCTC SBI Credit Card:

IRCTC SBI credit card is providing you with a lot of benefits like a welcome gift, reward offers, Valueback offers, etc. Some of these benefits are so beneficial. As you know most of the benefits of this card are related to Railways. So this is possible that you may not like this card in another situation.

Welcome Gift:

Within 45 days of applying & Fees payment, If you Spend at least 500 rupees, you will get 350 bonus reward points. Not only spend if you try if you do transaction about 500 rupees or more. you will get 350 bonus reward points. If you want this welcome gift then you have to keep in mind these things. If you spend 500 rupees on fuel transactions or ATM cash withdrawals, these transactions will not be calculated. You have to do online payments.

ATM Cash Withdrawl:

First 30 days of receiving this IRCTC SBI credit card, If you withdraw money from ATM then you will get 100 rupees cashback. So your first 30 days are best for ATM cash withdrawal. but we recommend, Don’t withdraw money from ATM using a credit card. You can try one time and get the cashback but after that don’t use the ATM because A lot of fees & charges are applied on ATM withdrawals.

Value back Offer: Special Benefits Of IRCTC SBI Platinum Credit Card

If you want to know which feature(benefit) differentiates the IRCTC SBI Platinum Credit card from other SBI credit cards, know this.

If you book tickets from IRCTC’s official mobile app or website(irctc.co.in), You will get an instant 10% value back. If you book tickets like AC1, AC2, AC3, and AC CC, You will get an instant 10% value back. you will get this cashback in Reward points. You will not get any value, if you book another ticket(sleeper or general) from the IRCTC mobile app or website(irctc.co.in),  you will only get value back in AC1, AC2, AC3, and AC CC tickets.

Spend Bonus:

Excluding fuel transactions, when you use this IRCTC SBI platinum credit card you will get 1 reward point at 125 rupees spent. It means every transaction of 125 rupees or more will give you 1 reward point. But if you spend on fuel, you will not get any spend bonus. Spend freely and get bonus reward points.

Free Transaction Charge:

As you know, When you book tickets from IRCTC’s official mobile app or website. you have to pay transaction charges but if you use an IRCTC SBI card you don’t need to pay transaction charges. it means your 1% transaction charge will be waived.

Fuel Surcharge Waiver:

Don’t be disappointed because this IRCTC SBI credit card also provides you with a surcharge waiver for fuel transactions. If you do a fuel transaction between 500 to 3000 rupees, You will get a 1% fuel surcharge waiver. It means your 1% surcharge will be waived. Your fuel surcharge is a max of 100 rupees per statement cycle.

Fees & Charges Of IRCTC SBI Credit Card:

After reading about the benefits of the SBI credit card, If you find this credit card helpful. You have to pay (500 + Taxes) rupees as an annual fee, This is a one-time fee for a year.

The renewal fee for the IRCTC SBI platinum card is 300 rupees. Any type of waiver is not available on this credit card.

If you apply for an add-on card on this card,  you don’t have to pay an annual fee or renewal for it. It means your add-on card is free from the annual fee or renewal fee.

Downsides & Charges Of IRCTC SBI PLATINUM Credit Card:

Finance Charges:

If you don’t pay the bills on your credit card then finance charges will be 3.35%. It means you have to finance charges with bills. After the count, your finance charges will be about 40.2% of 1 year. This is so much, So If you are going to buy IRCTC SBI Credit Card, pay your bills in time.

Cash withdrawal Charges: 

If you withdraw cash from ATM, the finance charge will start adding from the withdrawal date. Not only finance charge, but You also have to pay 2.5% transaction fees or 500 rupees, you have to pay which one is higher. It means if your transaction charges are not more than 500 rupees, but still, you have to pay me your 500 rupees transaction fees.

Overlimit Charge:

Over limit charge for IRCTC SBI Platinum credit card is 2.5% or 500 rupees. It means if you go over the limit from this credit card you have to pay a 2.5% charge or 500 rupees. You have to pay which one is higher.

Reward Redemption Fee:

If you want o claim your reward points, you have to pay 99 rupees of reward redemption fees. whenever you claim reward points, you have to pay this fee.

Counter Ticket Booking:

If you are not able to book the ticket online and you are going to book the ticket from the counter, we suggest you don’t book the ticket from the counter. If you book tickets from the counter using the IRCTC SBI Platinum credit card,  you have to pay 300 rupees + a 2.5 % surcharge. Which is very much, We suggest you pay cash or UPI instead of a credit card.

Conclusion & Opinion:

Before taking any decision about the IRCTC SBI platinum credit Card, Read this. As you know, SBI has designed this credit card, especially for traveling lovers and most of the benefits are related to travel and Railways. If you want to take benefit of this credit card, you have to travel. If you want to travel then this card can be beneficial for you. If not then you can check other best cards of SBI like SBI by simply clicking credit card & sbi fbb credit card.