SBI Shaurya Select Credit Card
The SBI Shaurya Select Credit Card is a special credit card offered by the State Bank of India for people serving in the Army, Navy, Air Force, and Paramilitary forces. It comes with no joining fee, and the yearly renewal fee of ₹1,499 is waived if you spend ₹1.5 lakh or more in the previous year. For every ₹100 you spend on dining, movies, or groceries, you can get up to 10 reward points. These points can be used to get various gifts and offers. You also get 1,500 bonus reward points every time you renew the card.
This card offers extra rewards when you reach certain spending goals. For example, you can get a free Pizza Hut e-voucher every 3 months if you meet the spending target, and a gift voucher from Yatra or Pantaloons every year. It also includes useful features like free accident insurance, a fuel surcharge waiver, and protection if your card is lost or stolen. You can also choose a design that shows your service branch, like the Army or Navy. The interest rate on this SBI Shaurya Select Credit Card is 3.5% per month.
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.
SBI Shaurya Select RuPay Credit Card Benefits and Features
The SBI Shaurya Select RuPay Credit Card is specially made for Indian defence personnel. It is designed for people serving in the Army, Navy, Air Force, Paramilitary forces, and other defence services. This card offers reward points, airport lounge access, milestone rewards, fuel savings, and annual fee waiver benefits.
If you regularly spend money on groceries, dining, shopping, movies, and travel, this card can help you save more through Reward Points and vouchers.
Main Features of SBI Shaurya Select Credit Card
| Feature | Details |
|---|---|
| Annual Fee | ₹1,499 |
| Reward Points | Get 10 reward points for every ₹100 you spend on groceries, dining, movies, and department stores |
| General Rewards | 2 Reward Points per ₹100 on other spending |
| Lounge Access | Get 4 complimentary visits to airport lounges within India each year |
| Fuel Benefit | 1% fuel surcharge waiver |
| Annual Fee Waiver | On spending ₹1.5 lakh in a year |
Reward Points Benefits
With this card, you get 10 Reward Points for every ₹100 you spend on the following:
- Grocery shopping
- Dining
- Movies
- Departmental stores
- CSD canteens
For all other purchases, you earn 2 Reward Points for every ₹100 spent. No Reward Points are given on fuel transactions and cash withdrawals.
Simple Example of Savings
Suppose you spend around ₹12,000 every month on groceries, dining, and shopping.
| Spending Category | Monthly Spending |
|---|---|
| Groceries | ₹6,000 |
| Dining | ₹3,000 |
| Shopping & Movies | ₹3,000 |
| Total | ₹12,000 |
On this spending, you can earn a good number of Reward Points every month. These points can later be redeemed for vouchers, shopping, or bill payment adjustments.
Airport Lounge Access
The card also gives 4 complimentary domestic airport lounge visits every year. This benefit is useful for defence personnel who travel frequently. Airport lounges usually offer:
- Comfortable seating
- Snacks and drinks
- Wi-Fi access
- Charging points
This helps make travel more comfortable and relaxing.
Milestone Benefits
The SBI Shaurya Select Card also gives extra rewards on higher spending.
- Quarterly Reward: You get a Pizza Hut voucher worth ₹500 after spending ₹50,000 in a quarter.
- Annual Reward: You get a Yatra or Pantaloons voucher worth ₹7,000 after spending ₹5 lakh in an anniversary year.
Annual Fee Waiver
The card renewal fee is ₹1,499. However, this fee is waived if you spend ₹1,50,000 or more in a year. This spending target can be easily achieved through regular expenses like:
- Grocery shopping
- Utility bill payments
- Online shopping
- Travel bookings
- Dining
Fuel Surcharge Waiver
The card offers a 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹4,000. The maximum benefit allowed is ₹250 per statement cycle.
Who Should Apply for This Card?
This card is best for:
- Army personnel
- Navy officers
- Air Force employees
- Paramilitary force members
- Defence families
- Frequent travellers
People who spend regularly on groceries, shopping, and dining can get the maximum benefit from this card.
How to Apply
You can apply for the SBI Shaurya Select Credit Card online or offline. For online application:
- Visit the SBI Card website
- Click on Apply Now
- Fill out the application form
- Complete KYC verification
- Submit the form
You can also visit the nearest SBI branch for offline application.
SBI Shaurya Select RuPay Credit Card Review
The SBI Shaurya Select RuPay Credit Card is a useful rewards credit card for Indian defence personnel. It offers good Reward Points, airport lounge access, milestone vouchers, fuel savings, and annual fee waiver benefits.
For people who regularly spend on groceries, shopping, dining, and travel, this card can help save money while also offering premium lifestyle benefits. If you are eligible for this card, it can be a good option for daily spending and rewards.
Is there a joining fee for the SBI Shaurya Select Credit Card?
You don’t have to pay any joining fee when you get the SBI Shaurya Select Credit Card. However, from the second year onwards, an annual fee of ₹1,499 is charged.
How can I get the renewal fee waived off for the SBI Shaurya Select Credit Card?
You can get the renewal fee waived if you spend ₹1.5 lakhs or more in the previous year.
Where can I redeem my reward points?
You can redeem your reward points from the SBI Rewards Catalogue, which offers various products.
What is the value of 1 Reward Point you earn using this credit card?
Each reward point is worth ₹0.25.
Will the SBI Shaurya Select Credit Card be different according to the service branch?
The benefits of the card are the same regardless of the service branch (Army, Navy, Air Force, Paramilitary), but the card will be embossed with your branch’s insignia.
How much interest will I be charged if I use this credit card?
You’ll be charged interest at the rate of 2.75% every month, which adds up to 33% over a year.
How can I find out whether my SBI Shaurya Select Credit Card application has been approved or declined?
You will be notified via email whether your application is accepted or rejected. You can check the progress of your application or service directly on the SBI Card website.
What is the foreign currency markup fee on the SBI Shaurya Select Credit Card?
When you make an international transaction, a fee of 3.5% is added to the total amount as a foreign exchange markup.
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