SBI Student Plus Advantage Credit Card: State Bank of India (SBI), India’s largest bank, has a long history of providing banking services through branches at every nook and corner of the country. SBI provides credit cards for various purposes, such as shopping, travel, and lifestyle. Among such diverse credit card plans, the SBI Student Plus Advantage Credit Card has its own features to grab the attention of student sections of its customers.
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Eligibility for SBI Student plus Advantage Credit Card:
| S.No. | Criteria | Eligibility |
| 1 | Age | Should not be a minor i.e. Applicant should be at least of 18 years old |
| 2 | Nationality | Should be Indian |
| 3 | Apply | Click Here |
Features of SBI Student plus Advantage Credit Card:
1. Joining & Annual maintenance fee:
| S.no | Type of fee | Amount |
| 1 | Annual fee – One time | Nil |
| 2 | Renewal fee | Free : If the total purchases on the card are Rs. 35,000 or more in the preceding year Rs. 500 : If the total purchases on the card are less than Rs.35,000 in the preceding year |
| 3 | Add-on Fee | Nil |
2. Add-on card:
If you are over 18 years of age and an existing education loan customer of SBI with good credit history, you can get an extra add-on card for your family member at no cost.
If you are under 18 years old, a primary card will be given in your parent’s name, and an add-on card will be issued in your name.
3. 2.5% value back:
Every time you make a departmental store and grocery purchases with your SBI Student Plus Advantage Card, you will get up to 2.5% of the value back (10 Cash Points on every Rs. 100 spent). Under this reward scheme, fuel purchases are not eligible for cash points.
How much a cash point worth?
Each cash point is worth Rs.0.25.i.e. the benefit is 2.5%. One can start encashing the cash points
after earning at least 2000 points
4. Cash withdrawal & World wide acceptance:
The cardholder can withdraw cash from over 1 million Visa and Master Card ATMs up to 80% of his cash withdrawal limit. The SBI Student Plus Advantage Card is an international credit card that can be used in over 24 million outlets worldwide, including 3 25,000 outlets in India.
5. Flexi-pay option:
If you make a purchase over Rs.2500 in any month and full repayment is difficult, you can use the flexi pay option to convert the transaction into EMIs spanning over 6, 12, or 24 months.
6. Extended credit:
- Interest free credit period: If the previous months’ outstanding balance is paid, an interest-free credit will be available for 20-25 days on retail purchases
- Finance charges: In the case of loans, up to 2.25% per month, which could amount to 27% per annum from the transaction date + EMI.
- Minimum amount due: 5% of Total Outstanding (Min. Rs. 200 + all applicable taxes + EMI ( In case of EMI based product) + OVL amount (if any)
Exclusive Card
- This is an exclusive credit card, given only to the education loan customers of State Bank of India
- You can get your SBI Student Plus Advantage Card against a fixed deposit at any State Bank of India branch
Online Booking of Railway Tickets
- You can book your railway tickets online and get them delivered at doorstep
- Go to irctc.co.in and follow the below steps:
- Register free of cost
- Log in with your username and password
- Follow the instructions on the website to make your reservations
- Make payments through your SBI Card at the payment gateways that accept a Visa Card
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