Max SBI Card SELECT
The Max SBI Card Select is a special credit card made for shopping lovers, created by SBI in partnership with Landmark Group’s popular brand, Max. Max is a well-known store that offers clothing, shoes, and accessories for everyone in the family. With this card, every time you spend Rs. 10 at any Landmark Group store like Max, Lifestyle, Home Centre, and others, you’ll earn 10 reward points. Plus, when you pay the joining fee, you’ll get 6,000 bonus reward points right away, giving you an instant reward.
This credit card is great for those who love shopping, as it gives you lots of benefits and rewards when you shop at Landmark stores. You can earn reward points not only for shopping in-store but also for shopping online. You also get points when you dine at your favorite restaurants or watch movies. An added benefit of this card is that you can convert your reward points into Landmark points, giving you more ways to redeem your rewards.
In addition to these everyday benefits, the Max SBI Card Select gives you milestone rewards. If you spend a certain amount annually, you can earn up to 12,000 bonus reward points. This is perfect for people who shop a lot or like to dine out. Whether you're buying clothes at Landmark stores or just collecting reward points for everyday purchases, this card is a great way to make your spending more rewarding.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
Which stores are eligible for earning reward points?
You can earn reward points at stores like Max, Lifestyle, Home Centre, Spur, and other outlets under the Landmark Group.
Is there a cashback offer on this card?
You can earn a Rs. 100 cashback when you withdraw cash from an ATM for the first time within 30 days of card issuance.
What type of Visa card is this?
This is a Visa Signature card, which offers premium features and privileges.
What is the maximum credit limit on the card?
The credit limit will be assigned by the State Bank of India based on their discretion.
Does the card offer accelerated reward points?
Yes, you can earn 10 reward points for every Rs. 100 spent at eligible Landmark stores, including Max, Lifestyle, Home Centre, and others.
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