SBI Card PULSE
The SBI Card Pulse is a new credit card that offers special health benefits to help cardholders balance their health and finances. With a joining fee of Rs. 1,500, the card comes with a welcome gift of a complimentary smartwatch worth Rs. 5,999. Cardholders also get free memberships to Fitpass Pro and Netmeds First, which are renewed every year when the annual fee is paid. This makes it a good choice for those who want to focus on their health while enjoying financial rewards.
In terms of rewards, cardholders earn 2 Reward Points for every Rs. 100 spent, and up to 5x Reward Points on selected categories. These points can be redeemed for various rewards, including using them to reduce your credit card statement balance. The card also offers travel benefits like free access to domestic airport lounges and a complimentary Priority Pass membership for the first two years. If you reach certain spending milestones, you can earn an e-gift voucher of Rs. 1,500 and potentially have the renewal fee waived. Additional benefits include air accident insurance, travel insurance, zero liability protection, and a fuel surcharge waiver.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
Is SBI Card Pulse free?
No, the SBI Card Pulse is not free. It comes with a joining and renewal fee of Rs. 1,499. However, you can make it free by spending Rs. 2 lakhs or more every year to get the annual fee waived.
What happens if I already have an existing Netmeds First Membership?
In this case, you can redeem the voucher after your existing membership expires.
How many FITPASS PRO sessions am I eligible for?
You can enjoy up to 12 sessions each month with the SBI Pulse Card.
What is the interest rate on the SBI Pulse Credit Card?
SBI Card Pulse charges an interest rate of 3.5% each month, which adds up to 42% in a year.
Can I use SBI Card Pulse internationally?
Yes, you can use the SBI Card Pulse at more than 24 million stores and outlets around the world.
Can I withdraw cash from my SBI Pulse Credit Card?
Yes, you can take out cash using your SBI Card Pulse, but there will be a fee of 2.5% of the amount or ₹500, whichever is higher.
What is the value of 1 Reward Point that I earn using this credit card?
The value of 1 Reward Point is Re. 0.25, meaning 4 Reward Points equal Re. 1.
What does the Balance Transfer option mean on the SBI Pulse Card?
You can move your credit card balance to another card that has a lower interest rate, or bring the unpaid balance from another card to your SBI Pulse Credit Card.
How can I use the Balance Transfer on EMI option?
You can avail the balance transfer facility on your Pulse Credit Card through internet banking or by contacting customer care.
Is the Flexipay facility available for someone using an add-on card?
The Flexipay facility is not available for add-on card holders.
Is there a maximum amount allowed for contactless payments?
Yes, the contactless payment mode allows payment up to Rs. 5,000 only. For payments above Rs. 5,000, the customer has to swipe the credit card.
How much money can be availed using the 'Easy Money' facility?
A minimum amount of Rs. 5,000 and a maximum of up to 75% of the available cash limit can be availed using the 'Easy Money' facility.
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