Why SBI Fabindia Select Credit card Is Leader?- See Benefits, Eligibility & More

SBI(State Bank Of India) has recently launched two new co-branded credit cards which are basically made for shopping purposes. SBI has collaborated with Fabindia and they launched their Fabindia credit card series.

In this series, there are two credit cards, the first is a beginner credit card named “SBI Fabindia Credit Card” and the second is a premium credit card which has a lot of premium features named “SBI Fabindia select credit card”. Both credit cards provide you with fabindia offers.

In this article, we will talk about SBI Fabindia select Credit Card which is a premium SBI Co-branded card. Here you will get complete information about this credit card, you will know the features of SBI Fabindia Select Credit Card eligibility and charges of SBI Fabindia Select card.

If you don’t know about the beginner Fabindia card then click here and read because that will help you to make a decision.

Feature Of SBI Fabindia Select Credit Card:

Reward Points:

1. The reward points feature of this credit card can be beneficial for you because if you spend at least 100 rupees on a Fabindia store you will get 10 reward points.
2. If you spend hundred rupees on dining, movies, entertainment etc, you will get 3 reward points on every spend.
3. If you spend hundred rupees on international transactions, you will get 2 reward points on every hundred rupees spent.
4. Excluding all of these spendings, you will get 2 Reward points on every 200 rupees spent.

Flexipay EMI Facility:

The EMI facility is available on this credit card. If you purchase any product worth rupees 2,500 or more, you can simply change this amount into a small EMI.

Other Features:

1. With this card, you will get a priority pass membership for free.
2. With this credit card, you will get a 1% fuel surcharge waiver. You will get this fuel surcharge waiver of up to 100 rupees.
3. The cash withdrawal facility is also available in this SBI Fabindia Select credit card. But we recommend, don’t use credit cards for cash withdrawals, only use them in emergencies. The fees for cash withdrawals are too much on Credit Cards that’s why we are saying that to you.
4. The bank transfer facility is also available on this credit card and there are more than 2 million merchants worldwide who accept it.
5. Cash on call facility is available in this SBI Fabindia premium credit card.

Benefits Of SBI Fabindia Select Credit Card:

Gift Voucher(Welcome Gift)

After activation of this SBI Fabindia select card, you will get a 1,500 rupees Gift voucher as a welcome gift. This is a Fabindia gift voucher so you can use it for shopping & purchasing in any shop of Fabindia.

Fabindia Loyalty Program Membership:

With this credit card, you will get the platinum membership of the Fabindia Loyalty program. Usually, Fabindia gives this membership to those who spent 75,000 rupees in a year on FabIndia stores. But this SBI Fabindia Select Credit Card gives you platinum membership absolutely for free.

Milestone Benefit:

With this credit card bank provides you with some milestone benefits. If you spend 2 lakh rupees in a quarter then you will get a gift voucher from Fabindia which is worth 1,250 rupees.

Domestic Lounge Access:

Instead of a milestone benefit, you can get 1 domestic lounge access in a quarter. it means you will get four domestic launch access in one year.

Charges Of SBI Fabindia Select Credit Card:

1. The annual fee for this premium credit card is 1,499 rupees but the Bank said, if you spend 2 lakh rupees in a year then your next year annual fees will be waived off.
2. The interest-free time of this card is 50 days, the first 30 days are the billing cycle and the second 20 days are for the Grace period.
3. The rate of interest of this card is 3.40 % per month, after calculation, it goes approximately 40% per year. So, be careful about bill payments.

How To Apply For SBI Fabindia Select Credit Card:

1. For the application process, you must have entered eligibility criteria, you must have selected documents to apply and most importantly you should know the application process to apply. Read below because we covered everything for you.
2. Eligibility For SBI Fabindia Select Credit Card
3. If we talk about income eligibility then your income should be at least 4000 or 50000 rupees per month. If your salary is below then you can check SBI fbb Style up credit card or SBI simply save credit card.
4. The other most important point that matters is the credit score. Your credit score must be at least 750, If not then your application process will be a little bit difficult.
5. Make sure you haven’t applied for any credit card for at least 6 months or you haven’t applied for or a credit card multiple times. If you have any cases with any other banks, your application will be definitely rejected.

SBI Elite Card is Now India’s Most Luxurious Credit Card, Click & Read Features.

Required Documents:

1. If you want to apply for a credit card you must have your identity proof, your address proof and your income proof.
2. For identity proof, you can show them two of these documents like your Aadhar card, PAN Card, Voter ID or Driving licence.
3. For income proof, you have to show them your 3-month salary slip or 1-year bank statement. If you are a salaried person then you can show them your salary slip and if you are self-employed or a non-salaried person you can show them your 1-year bank statement.

Application Process:

There are two ways where you can apply for this credit card. First, from the Fabindia store near you or the SBI Card website.

If you want to apply online for this credit card then go to the SBIcard.com website. This is the official website for SBI’s credit card and go to the Credit card page and search for SBI Fabindia Selected Card.

Now, click on the Apply Button, share your personal details and professional details, after some time, you will get a call from an SBI executive who confirms your documents and your eligibility.

Now you can pay the annual fees and your credit card will be in your hands within 15 days.

You want to apply from the Fabindia store then go to your nearby Fabindia store and talk to them. They will take your documents and apply for your credit card, you can also say them to claim some more benefits for you(LOL).

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