All Benefits, Charges & Eligibility Criteria Of SBI Fabindia Credit Card

Recently SBI launched a new shopping credit card named SBI Fabindia credit card, this is a shopping credit card that gives you a lot of benefits and offers in shoppings. SBI and FabIndia have collaborated and launched a new co-branded credit card. If you don’t know about Fabindia here you can simply learn below. 

Who is FabIndia?

Fabindia is a brand for clothes, home furniture and decoration accessories. Fabindia has its own stores in different cities to buy home accessories, decorations, accessories, and clothes. Not only this you can buy a lot of things from their stores.

With Fabindia, SBI launched Two co-branded cards named SBI Fabindia credit card and SBI fab India select credit card. SBI Fabindia credit card is a beginner credit card and the SBI fab India select credit card is a premium credit card. Both cards are basically for shopping purposes and both cards provide you with different benefits and features.

In this article, you will learn about SBI Fabindia credit cards. you will learn eligibility, benefits, features and how to apply For SBI Fabindia Credit Card.

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Features Of SBI Fabindia Credit Card:

Welcome Gift:

When you pay the fees of the card and activate your card, you will get a gift voucher from Fabindia which is worth approx  500 rupees. You can simply use your gift voucher in your nearby Fabindiastores.

Gold Loyalty Membership:

With SBI Fabindia Card, you will get fab India Golden Loyalty Program Membership. Usually, you can get this membership if you spend at least 30,000 rupees annual in fab India stores. But this credit card provides you with this membership absolutely free you don’t need to spend on the membership.

What is fab India gold loyalty program membership? When Fabindia updates new offers, new collections, new products & sales, you will get notified on a priority basis.

Fuel surcharge waiver:

SBI Fabindia card provides you 1% fuel surcharge waiver. You can get this waiver till it comes to hundred rupees. This is not a special benefit in this credit card, most of the SBI Credit Cards like SBI Simply SaveCredit Card, SBI BPCL Credit Card, SBI Fbb Credit Card etc provides you with this fuel surcharge waiver facility.

Spend bonus:

1. If you spend 100 rupees in Fabindia stores, you will get 5 reward points. It means every hundred rupees spent gives you 5 reward points.
2. But if you spend on food, dining or entertainment, you will get 2 reward points on every 100 rupees spent.
3. If you spend hundred rupees on international spending, you will get one reward point on every hundred rupees spent.
4. Excluding international spendings, food, dining, entertainment and fab India stores, you will get one reward point on every 200 rupees spent.

Flexipay EMI:

This is an SBI co-branded credit card, so you will get Flexi pay benefit in the SBI Fabindia card. With this benefit, you can change any purchase into EMIs. Suppose you bought a headphone worth rupees 5000, with this benefit you can simply break this 5000 into EMIs.

Milestone Benefit:

SBI offers you that if you spend 1 lakh rupees in a quarter from SBI Fabindia credit card, you will get a Fabindia gift voucher worth 750 rupees. So if you spend so much on a credit card you can get this Fabindia voucher as a gift and you can use it at any Fabindia store.

Cash withdrawal facility:

It’s a common but beneficial facility that SBI gives you. You can withdraw cash from SBI Fabindia credit card but we recommend you don’t withdraw money from an ATM using a credit card. We assume that you know why we are telling you this, If not then comment below and we explain you are the reason. This is not a rule, you can withdraw cash in an emergency.

Other Benefits:

SBI Said that there are 2 million+ merchants worldwide that accept SBI India credit cards where you can swipe this card.

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Charges Of SBI Fabindia Card:

 

Interest-free time:

The interest-free time of the credit card is 50 days. The 30 days are the billing cycle and the 20 days is the grace period of this credit.

Rate of interest:

If you don’t pay your monthly bills after interest-free time, the rate of interest on your dues is 3.40 % monthly. If we calculate then the rate of interest on your credit card is approximately 40% annual. This rate of interest is more than it should be.

Annual charges:

The annual charges of this SBI Card are 499 rupees + GST. But the bank provides you with an offer, if you spend at least 1 lakh rupees from this credit card your annual charges will be waived off. You know that you already paid the annual charge, so your next year annual charge will be waived off.

Eligibility For SBI Fabindia Card:

If you want to apply for an SBI Fabindia card your salary must be 2 lakh rupees annually, if you are not a salaried person you need to talk to an SBI card executive and they will explain the complete process for you.

Your application for an SBI Fabindia credit card will be rejected if your credit score is not good. Your credit score must be 750 or above for better possibilities.

Documents For SBI Fabindia Card

If we talk about documents to apply for an SBI Fabindia credit card, you need to show your identity proof like Aadhar card, pan card, driving licence or voter ID. Residence proof like PAN card, Aadhar card, domicile etc. You also have to show your salary slip or 3-month bank statement for approval. If you are a salaried person you need to show your salary slip and if you are not a salaried person you have to show them a 3-months bank statement. If you have an SBI bank account then your application process is easier than others.

How To Apply For SBI Fabindia Card:

1. You can apply for the SBI Fabindia card online or offline. Want to apply offline, go to your nearby fab India store & say then apply for a Fabindia card. While going for the application process, take the documents that we recommended before.
2. If you want to apply online, there are two ways where you can apply for an SBI Fabindia credit card. Go to SBI card.com or Fabindia’s official website. Just open the website, go to the credit card page, fill in your personal details, verify your mobile number, fill in your professional details.
3. After some time you will get a call from an SBI executive where they will verify your personal and professional details & also your documents. After that you need to pay an annual fee and your credit card will be in your hands in 14 working days.

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