Reliance SBI Card: From reward points to annual fee, all you need to know

livemint.com:

Reliance Retail have joined hands to launch Reliance SBI Card with two variants: Reliance SBI Card Prime and Reliance SBI Card. The card is meant to offer an overall rewarding shopping experience to customers across segments with varied spending needs. The credit card, a media release states, is made of recycled plastic and has been introduced on RuPay platform.

Although the card users will continue to enjoy the regular benefits of SBI Card, they will be entitled to a range of rewards and benefits at Reliance Retail which includes a plethora of categories such as fashion, grocery, consumer electronics, pharma, furniture, jewellery and more. The range of benefits which the card holders stand to gain include exclusive rewards ranging from special welcome benefits to tailor-made travel and entertainment benefits along with special spends-based milestone rewards such as renewal fee waiver and Reliance Retail vouchers. The annual renewal fee for this variant is ₹499 plus taxes.

The Reliance SBI Card customers can avail renewal fee waiver upon achieving the annual spends milestone of ₹1,00,000. Other discounts and vouchers include the following: I. The card offers 5 reward points per ₹100 spent on the participating Reliance Retail stores (barring the UPI payments).

Additionally, there will be another 5 reward points per ₹100 spent on dining and movies. II. There will be 1 percent surcharge waiver across all petrol pumps.

III. There will also be additional discount vouchers worth ₹3,200 of various participating Reliance Retail stores. IV.

There will be ₹500 worth of Reliance Retail voucher on annual spends of ₹25,000 at participating Reliance Retail stores. V. The voucher value rises to ₹750 and ₹1,000 when annual spends spike