Reliance SBI Card: A Comprehensive Guide to Benefits, Features, and Application Process

In a world where credit cards have become essential tools for managing personal finances, earning rewards, and enjoying exclusive benefits, the Reliance SBI Card stands out as one of the most attractive options for customers, especially those loyal to the Reliance Group. The card, a collaboration between SBI Card and Reliance Retail, promises a host of privileges ranging from cashback and reward points to fuel surcharge waivers and movie benefits.

This blog will take you through everything you need to know about the Reliance SBI Card, including its features, benefits, eligibility criteria, fees, and how to apply for it. Whether you are a regular shopper, movie lover, or someone who frequently dines out, this card is designed to maximize the value of every purchase you make.

What is the Reliance SBI Card?

The Reliance SBI Card is a co-branded credit card launched in partnership between SBI Card, India’s largest credit card issuer, and Reliance Retail, one of the biggest retail chains in India. This card is designed to cater to the everyday needs of a wide range of customers, with benefits spanning across various spending categories like shopping, dining, movies, fuel, and online purchases.

The card comes with a range of exclusive offers, including reward points for regular purchases, cashback for Reliance-related transactions, movie ticket benefits, and much more. This makes it an excellent choice for people who regularly shop at Reliance stores and use digital platforms like JioMart, Reliance Digital, or Big Bazaar.

Key Features of the Reliance SBI Card

1. Joining and Annual Fees

• Joining Fee: ₹499 + GST

• Annual Fee: ₹499 + GST

The annual fee for this card is quite reasonable compared to many premium credit cards in the market, and it is waived off if you spend ₹1,00,000 or more annually. This makes the card accessible to a large section of consumers, providing great value for money.

2. Welcome Benefit

The Reliance SBI Card offers a welcome gift to its customers:

• ₹500 e-Gift Voucher: Upon paying the joining fee, cardholders receive a ₹500 e-gift voucher. This voucher can be used for shopping on select online platforms. The gift adds to the card’s appeal by giving customers an instant benefit when they sign up.

3. Reward Points

One of the standout features of this card is its reward points system. Cardholders earn reward points for every transaction they make. Here’s the breakdown:

• 5 Reward Points per ₹100 spent on:

  • Dining

  • Movies & Entertainment

  • Domestic Airlines

  • International Spends

• 2 Reward Points per ₹100 on all other retail spends, excluding fuel

• 1 Reward Point per ₹200 spent on specific categories like fuel, utilities, and wallets

The points can be redeemed for shopping, bill payments, and travel. This reward structure is especially advantageous for customers who frequently dine out, watch movies, or shop for airline tickets.

4. Movie Benefits

For movie enthusiasts, the Reliance SBI Card offers exciting benefits:

• One free movie ticket per month, worth ₹250

• Maximum Discount: ₹250 per ticket for up to 2 tickets in a single booking

The card offers validity for 2 tickets per booking monthly, making it ideal for those who love to unwind with a movie. This benefit is capped at ₹250 per ticket, so you can enjoy free movies every month, along with the convenience of online booking.

5. Dining Benefits

The Reliance SBI Card offers excellent dining benefits as well:

• 5% cashback on dining at partnered restaurants, both online and offline

This allows you to make the most of your card while enjoying dining experiences with family or friends. It provides discounts at some of the best restaurants, ensuring that you enjoy a great meal while saving money.

6. Fuel Surcharge Waiver

Travel enthusiasts will love the fuel surcharge waiver feature, which provides:

• 1% fuel surcharge waiver on fuel transactions between ₹500 and ₹3,000 at all petrol pumps in India

• Maximum Waiver: ₹100 per statement cycle

This feature ensures that you save money on fuel purchases, a benefit that adds up if you’re frequently on the road.

7. EMI Options and Balance Transfer

• Balance Transfer: You can transfer outstanding balances from other credit cards to the Reliance SBI Card at lower interest rates

• EMI Facility: Convert your purchases into easy monthly installments

This feature allows you to break large purchases into manageable EMIs, with flexible tenures.

How Do You Earn Reward Points on the Reliance SBI Card?

Earning reward points with the Reliance SBI Card is simple and straightforward. The more you spend, the more points you accumulate. Here are the key categories where you can earn reward points:

• Dining: 5 Reward Points per ₹100 spent

• Movies & Entertainment: 5 Reward Points per ₹100

• Shopping: 2 Reward Points per ₹100 on everyday shopping needs

• International Purchases: 5 Reward Points per ₹100

• Other Purchases: 1 Reward Point per ₹200 on categories like fuel, utilities, and wallets

By simply using the card for your daily expenses, you can quickly rack up reward points, which can be redeemed for exciting products, services, or discounts at partner outlets.

How Can You Redeem Reward Points?

The Reliance SBI Card gives you various options to redeem your accumulated reward points. Some of the popular redemption options include:

• Shopping Vouchers: Purchase gift cards or vouchers from various online and offline stores

• Travel: Book flight tickets, hotel bookings, or holiday packages through travel partners

• Bill Payments: Pay for your utility bills or other services

• Gifts & Experiences: Redeem points for gadgets, gift items, and exclusive experiences via the SBI Card rewards catalog

Eligibility Criteria

To apply for the Reliance SBI Card, you must meet the following eligibility criteria:

• Age: Applicants should be between 21 and 60 years old

• Income: A minimum income requirement applies, depending on your city of residence and profession

• Citizenship: Only Indian residents are eligible to apply for this card

Final Thoughts: Is the Reliance SBI Card Right for You?

The Reliance SBI Card offers excellent value for those who regularly shop at Reliance’s vast array of retail stores, dine out often, and watch movies. With benefits like reward points, movie discounts, fuel surcharge waivers, and access to exclusive dining deals, it’s a fantastic choice for individuals looking to maximize their credit card benefits.

For those who frequently make purchases at Reliance Retail outlets such as Big Bazaar, Reliance Digital, and JioMart, this card will make shopping easier and more rewarding. The 5% cashback and reward points on dining and entertainment make it an even more attractive option for movie buffs and foodies.

With the low annual fee and valuable rewards, the Reliance SBI Card provides excellent savings potential. If you meet the eligibility criteria, it’s definitely worth considering as your go-to card for everyday spending.