SBI
IRCTC SBI Platinum Card
This is an invite only card
Top Benefits
Earn up to 10% value back on IRCTC Ticket
Bookings as Reward Points on AC1, AC2, AC3, Executive Chair Car and Chair Car bookings via irctc.co.in and the IRCTC Mobile App
Get 350 bonus Reward Points
as a welcome gift on making a single transaction of ₹500 or more within 45 days of card issuance
Best For
Travel
The IRCTC SBI Platinum Card is a specialized travel credit card designed explicitly for frequent Indian...
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The IRCTC SBI Platinum Card is a specialized travel credit card designed explicitly for frequent Indian...
The IRCTC SBI Platinum Card is a specialized travel credit card designed explicitly for frequent Indian Railways passengers. If you find yourself booking train tickets regularly, this card offers incredible value by directly rewarding your railway spends. With a straightforward earning structure, the card gives you up to 10% value back on AC train ticket bookings made through the official IRCTC website or mobile app.
This card targets regular commuters, business travelers, and families who rely on the railway network for their transportation needs. Unlike generic cashback cards that offer a flat 1% or 2% back, the IRCTC SBI Platinum Card focuses its heavy rewards on train travel, effectively making your train journeys up to 10% cheaper. It also partners with RuPay and VISA networks, ensuring widespread acceptance for your daily offline and online shopping.
View FAQ
Commonly Asked Questions
Is the IRCTC SBI Platinum Card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 500 and an annual renewal fee of Rs. 500 plus applicable taxes.
Is this a good credit card for beginners?
Yes, it is a great choice if you meet the minimum salary requirement of Rs. 25,000 per month and travel frequently by train. The low annual fee and high value back on AC tickets make it easy to extract value.
Who should apply for this card?
Frequent railway travelers who regularly book AC1, AC2, AC3, Executive Chair Car, or Chair Car tickets on the IRCTC portal should apply. If you spend at least Rs. 5,000 a year on train tickets, the card easily pays for itself.
What makes this different from other travel cards?
Most travel cards focus on flight miles and airport lounges. This card uniquely targets the Indian Railways network, offering 10% value back on train tickets and complimentary railway lounge access across India.
Expert Review
As a finance expert reviewing hundreds of credit cards, I find the IRCTC SBI Platinum Card to be a highly specialized tool that does exactly one job perfectly: saving money on train travel. The 10% value back on AC tickets is a stellar return rate. I love how straightforward the reward math is; 1 point equals 1 rupee on the IRCTC portal, removing the headache of confusing conversion tables.
However, the card does have glaring weaknesses. The base reward rate of 1 point per Rs. 125 spent (0.8% return) is poor compared to modern cashback cards. Furthermore, the Rs. 99 reward redemption fee is punitive for an entry-level card, forcing users to hoard points rather than enjoying frequent, small discounts.
Ultimately, if you commute frequently via AC trains and spend a few thousand rupees a year on IRCTC, this card is an absolute must-have. The 500 renewal points cancel out the Rs. 500 annual fee, making it virtually free to hold long-term. But if you rarely travel by train, keep looking, as the base rewards will not serve you well.
Joining / Annual Fee
Joining Fees
₹590 ( ₹500 + GST )
Annual Fees
₹590 ( ₹500 + GST )
Understanding the cost of holding a credit card is just as important as knowing its benefits. The IRCTC...
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Understanding the cost of holding a credit card is just as important as knowing its benefits. The IRCTC...
Understanding the cost of holding a credit card is just as important as knowing its benefits. The IRCTC SBI Platinum Card follows a very transparent fee structure designed to be easily offset by regular users.
When your card is issued, a one-time joining fee of Rs. 500 plus applicable GST is charged to your first statement. The bank charges this amount directly in your first billing cycle. However, the bank provides an immediate offset mechanism. You get 350 bonus Reward Points (worth Rs. 350) and Rs. 100 cashback on your first ATM withdrawal. Together, these welcome perks give you Rs. 450 back in value, making your effective joining cost just Rs. 50.
From the second year onwards, an annual renewal fee of Rs. 500 plus GST is charged to maintain the card. The renewal fee is waived automatically if you spend Rs. 50,000 or more in the preceding membership year. Even if you don't meet the waiver threshold, the bank rewards you with 500 Reward Points (worth Rs. 500 on IRCTC) every time you pay the renewal fee. This means the card practically pays for itself year after year, provided you use the points for train travel.
View FAQ
Commonly Asked Questions
What is the joining fee for this card?
The one-time joining fee is Rs. 500 plus applicable GST, charged in your first billing cycle.
Is there a welcome bonus to offset the joining fee?
Yes, the Rs. 500 joining fee is effectively offset with 350 bonus Reward Points (worth Rs. 350) and Rs. 100 cashback on your first ATM withdrawal, providing a total value of Rs. 450.
What is the annual or renewal fee?
An annual fee of Rs. 500 plus GST is charged every year from the second year of card membership onwards.
Is there an annual fee waiver option based on my spending?
The annual fee is waived on annual spends of Rs. 50,000 or more. Reach this target before your card anniversary to trigger the waiver.
If I pay the annual fee, do I get any benefit?
Yes, every time you pay the card renewal fee, you earn 500 Reward Points. Since 1 point equals Rs. 1 on IRCTC, this entirely offsets the base cost of the Rs. 500 fee.
Does the Rs. 500 fee include GST?
No, all credit card fees attract an additional 18% GST as per government regulations. Therefore, a Rs. 500 fee will reflect as Rs. 590 on your statement.
Is this card ever offered as lifetime free?
While standard issuance requires a fee, the card is offered as lifetime free for select corporate salary account holders and during periodic festive promotions.
When is the annual fee billed to my account?
The annual fee is billed in the statement month corresponding to your card anniversary date (12 months after the card was issued).
Eligibility
Age
Criteria*
21-70 years
Salary
Criteria*
3LPA
Credit
Rating*
750+
New to credit
allowed
Yes
Existing Bank
Customer Allowed
Yes
Before applying for the IRCTC SBI Platinum Card, you must ensure you meet the bank's strict eligibility...
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Before applying for the IRCTC SBI Platinum Card, you must ensure you meet the bank's strict eligibility...
Before applying for the IRCTC SBI Platinum Card, you must ensure you meet the bank's strict eligibility guidelines. SBI Card evaluates your age, income, and credit history to determine approval.
The primary applicant must be between 21 and 70 years of age at the time of application. Both salaried employees and self-employed individuals are welcome to apply.
If you are a salaried professional, you need a minimum annual income of Rs. 3 Lakhs. This translates to a monthly salary of just Rs. 25,000, making this card highly accessible to early-career professionals. If you run your own business or work as a freelancer, the requirement is slightly higher: you must demonstrate a minimum annual income of Rs. 4 Lakhs through your Income Tax Returns (ITR).
Your credit score is also a crucial factor. The bank requires a minimum CRIF score of 750 or above for approval. A score of 750 shows you have a healthy track record of repaying past loans or credit card bills on time. If you meet these parameters, your chances of a quick, smooth approval are very high.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 21 years old at the time of submitting the application.
What is the maximum age limit for the primary cardholder?
The upper age limit to apply for the IRCTC SBI Platinum Card is 70 years.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 3 Lakhs. This means a monthly in-hand salary of Rs. 25,000 qualifies you for this card.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must show a minimum annual income of Rs. 4 Lakhs through their recent ITR documents.
Can self-employed individuals apply for this card?
Yes, both salaried and self-employed applicants are eligible, provided they meet the specific income benchmarks mentioned above.
What credit score (CRIF/CIBIL) is needed for approval?
A minimum CRIF score of 750 or above is required as per the bank's eligibility criteria to secure an approval.
Will my application be rejected if my credit score is below 750?
Yes, it is highly likely. The bank specifically requires a score of 750+. If your score is lower, you should focus on improving it before applying to avoid a hard inquiry rejection.
Do I need an existing SBI bank account to apply?
No, having an SBI savings account is not mandatory. You can hold a salary account with any recognized bank in India and still apply for this SBI credit card.
Can NRIs (Non-Resident Indians) apply for this card?
NRIs must apply through an offline branch and provide physical copies of their passport, visa, and NRO/NRE account statements as the standard digital process is designed for resident Indians.
Can I get an add-on card for my spouse?
You can apply for add-on cards for your spouse and children above 18 years of age during the digital application or via the SBI Card mobile app.
All Card Benefits
- Cardholders receive 350 activation bonus Reward Points on making a single transaction of ₹500 or more within 45 days of card issuance
- Offers on Travel, Golf, Dining, and Entertainment from Visa
Welcome Benefits
The card offers a generous welcome package that effectively neutralizes your initia...
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Welcome Benefits The card offers a generous welcome package that effectively neutralizes your initia...
Welcome Benefits
The card offers a generous welcome package that effectively neutralizes your initial joining fee. When you receive the card, you can earn 350 activation bonus Reward Points. To get this bonus, you simply need to make a single transaction of Rs. 500 or more within 60 days of card issuance. Since 1 Reward Point equals Rs. 1 for IRCTC bookings, this bonus is directly worth Rs. 350.
Additionally, you get Rs. 100 cashback on your first ATM cash withdrawal. While we advise against withdrawing cash on a credit card due to fees, this specific first-time offer provides extra welcome value. Combined with the 350 points, your total welcome benefit equals Rs. 450, nearly covering the Rs. 500 joining fee.
Reward Points Structure
The core strength of the IRCTC SBI Platinum Card lies in its rewards program. For everyday retail spending (excluding fuel), you earn 1 Reward Point for every Rs. 125 spent. This gives you a base reward rate of 0.8%.
The real magic happens when you book train tickets. When you buy tickets through irctc.co.in or the IRCTC Mobile App for AC1, AC2, AC3, Executive Chair Car, and Chair Car classes, you earn up to 10% value back as Reward Points. For example, if you book a 3-tier AC ticket for your family costing Rs. 4,000, you can earn up to 400 Reward Points. Since 1 point equals Rs. 1 for train bookings, you just saved Rs. 400 on that single journey.
You also receive 500 Reward Points when you pay your Rs. 500 annual renewal fee from the second year onwards. This creates a perfect loop where your annual fee translates directly into Rs. 500 worth of train travel.
Railway Lounge Access
Waiting at railway stations is vastly improved with this card. You get 4 complimentary railway lounge accesses in a year at participating lounges across India. If you have a layover or arrive early for your train, you can wait in an air-conditioned environment, enjoy comfortable seating, and often get complimentary tea or coffee. If you value this comfort at Rs. 200 per visit, this perk alone adds Rs. 800 in value to your card annually.
Fuel Surcharge Waiver
If you drive a car or ride a bike, this card helps you save at the petrol pump. You get a 1% fuel surcharge waiver on transactions ranging between Rs. 500 and Rs. 3,000 across all petrol pumps in India. For example, if you fill up fuel worth Rs. 2,000, you save Rs. 20 on the surcharge. Over a year, this can result in noticeable savings on your travel expenses.
Bank Offers
Because the card is issued on the Visa network, you gain access to global Visa privileges. This includes targeted discounts and offers on travel, golf, dining, and entertainment from Visa partners. These are promotional offers that change throughout the year, adding extra utility to your wallet when dining out or booking event tickets.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must make a single transaction of Rs. 500 or more within 60 days of your card issuance date. Once completed, the 350 bonus Reward Points will be credited to your account.
When will I receive the welcome benefit after card activation?
The 350 bonus Reward Points are credited to your SBI Card account within 30 to 45 days after you complete the qualifying transaction.
What is the value of the welcome benefit?
The welcome package is worth Rs. 450 in total. This includes 350 Reward Points valued at Rs. 350 for train bookings, plus Rs. 100 cashback on your first ATM withdrawal.
What happens if I spend Rs. 500 on the 65th day?
You will not receive the 350 bonus Reward Points. The qualifying transaction must occur strictly within the first 60 days of card issuance.
Do I get welcome benefits every year?
No, the 350 activation bonus points are a one-time welcome benefit. However, you do receive 500 Reward Points every year when you pay your annual renewal fee.
What is the standard reward rate on this card?
For non-fuel retail transactions, you earn 1 Reward Point for every Rs. 125 spent. This effectively means you get a 0.8% return on your daily shopping.
How do I get the 10% value back on train tickets?
You must book your tickets exclusively through the official IRCTC website or mobile app. The 10% value back only applies to AC classes including AC1, AC2, AC3, Executive Chair Car, and Chair Car.
What is the value of 1 reward point in rupees?
Each Reward Point is worth exactly Rs. 1 when redeemed for train ticket bookings on the IRCTC portal. This 1:1 conversion ratio is one of the best in the market.
Do I earn points on Sleeper or Second Seating (2S) class bookings?
The accelerated 10% value back is restricted to AC and Executive classes. Non-AC bookings earn the standard base reward rate.
Do I earn points on fuel purchases?
No, fuel transactions are explicitly excluded from earning Reward Points on this card. However, you do get a fuel surcharge waiver instead.
Do I earn points on utility bill payments?
Yes, regular utility bill payments earn the standard rate of 1 Reward Point per Rs. 125 spent, provided they do not fall under government-related transaction categories.
Do I earn points on rent payments?
Rent payments are excluded from standard rewards and attract a separate convenience fee of Rs. 199 plus GST.
Do I get points when I pay my annual fee?
Yes, the bank credits 500 Reward Points to your account upon the payment of your card renewal fee. This essentially gives you Rs. 500 back to spend on train tickets.
How can I check my Reward Points balance?
You can track your accumulated Reward Points through the SBI Card mobile app, internet banking portal, or by checking your monthly credit card statement.
Do my reward points expire?
Reward points have a validity period of 3 years from the date of accumulation. Ensure you redeem them within this timeframe to avoid forfeiture.
How many lounge visits do I get per year?
You receive a total of 4 complimentary railway lounge visits per year at participating stations across India.
Does this card offer airport lounge access?
No, the IRCTC SBI Platinum Card does not offer any complimentary airport lounge access. The lounge benefits are strictly limited to railway stations.
How do I access the railway lounge?
Simply present your IRCTC SBI Platinum Card along with your valid train ticket at the reception of a participating railway lounge. A nominal non-refundable charge of Rs. 2 is swiped for validation.
Can I take a guest with me into the lounge for free?
Complimentary access is restricted to the primary cardholder. Any accompanying guests will be charged the standard walk-in rate by the lounge operator.
What is the minimum transaction required for the fuel surcharge waiver?
You need to swipe your card for a minimum of Rs. 500 at the petrol pump to qualify for the 1% surcharge waiver.
Is there a maximum transaction limit for the waiver?
Yes, the fuel surcharge waiver is only applicable on transactions up to Rs. 3,000. Spends above this amount attract the standard surcharge.
Can I use this at any petrol pump brand?
Yes, the 1% fuel surcharge waiver is valid across all petrol pumps in India, regardless of the brand (Indian Oil, HP, Bharat Petroleum, Shell, etc.).
Does the waiver cover the GST charged on the fuel surcharge?
No, the waiver applies only to the 1% surcharge amount. The GST levied on that surcharge is not waived and will reflect on your statement.
What kind of Visa offers can I expect?
Visa frequently runs promotions offering percentage discounts on dining, movie tickets, and hotel bookings. You can find these rotating offers on the Visa India website.
Are these offers available offline?
Yes, many dining and shopping offers can be claimed offline by simply paying with your Visa-branded IRCTC SBI Platinum Card at participating merchant outlets.
Do I need a promo code to use these offers?
It depends on the merchant. Some require a specific promo code at online checkout, while others automatically apply the discount when they detect a Visa card.
Are these offers valid on the RuPay variant?
If your card is issued on the RuPay network, you will get access to RuPay's specific merchant offers instead of Visa's. Check your card logo to know your network.
Milestone Benefits
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹1
Redemption Options
- irctc.co.in
- IRCTC Mobile App
To check redemption catalogue
Earning points is only half the battle; redeeming them correctly ensures you get the actual monetary va...
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Earning points is only half the battle; redeeming them correctly ensures you get the actual monetary va...
Earning points is only half the battle; redeeming them correctly ensures you get the actual monetary value. The IRCTC SBI Platinum Card uses a straightforward redemption mechanism tailored for railway travelers.
Your earned Reward Points are specifically designed to be redeemed on the IRCTC train search and booking portal (https://www.irctc.co.in/nget/train-search). The conversion rate is incredibly favorable: 1 Reward Point equals Rs. 1 for IRCTC train ticket bookings.
To redeem your points, you must link your SBI Card with your IRCTC loyalty account. When you proceed to the payment page while booking a ticket, you will see an option to pay using your loyalty points. Keep in mind that a reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. Because of this flat fee, it is mathematically wiser to accumulate a large number of points before redeeming. For example, if you redeem 100 points (Rs. 100), the Rs. 99 fee wipes out almost all your value. However, if you wait until you have 2,000 points (Rs. 2,000) and redeem them at once, the Rs. 99 fee is negligible against your massive savings.
View FAQ
Commonly Asked Questions
Where do I go to redeem my reward points?
You must redeem your Reward Points directly on the official IRCTC portal at https://www.irctc.co.in/nget/train-search during the ticket booking process.
What is the exact value of my reward points?
For IRCTC train ticket bookings, the conversion rate is 1:1. This means 1 Reward Point gives you Rs. 1 in ticket value.
Is there a fee for redeeming my reward points?
Yes, a reward redemption handling fee of Rs. 99 plus applicable GST is charged every time you make a redemption request.
Can I redeem points for statement credit or cash?
This card is restricted to train ticket redemptions on the IRCTC portal. No option exists to convert these points into cash or general statement credit.
How many points should I save before redeeming?
Because of the Rs. 99 redemption fee, it is best to save at least 1,000 to 2,000 points before redeeming so the fee doesn't eat up the value of your rewards.
Do I need to link my card to my IRCTC account?
Yes, to utilize the loyalty points during checkout, your IRCTC account must be linked with your IRCTC SBI Platinum Card. Follow the instructions on the IRCTC portal for linking.
What happens to my points if I cancel the ticket I booked using rewards?
Points are refunded back to your loyalty account within 7 to 10 working days after the deduction of standard cancellation charges.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel
Rent
Wallet Loads
Cash Withdrawals
Balance Transfer
EMI
Government Transactions
For Spends Waiver
Fuel
Rent
Wallet Loads
Cash Withdrawals
Balance Transfer
EMI
Government Transactions
Banks do not offer rewards on every single transaction you make. The IRCTC SBI Platinum Card comes with...
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Banks do not offer rewards on every single transaction you make. The IRCTC SBI Platinum Card comes with...
Banks do not offer rewards on every single transaction you make. The IRCTC SBI Platinum Card comes with a specific list of excluded categories where you will earn zero Reward Points.
You will not earn any points on Fuel Spends. This is because you are already receiving a 1% fuel surcharge waiver, and banks rarely offer double benefits. EMI Spends are also excluded. If you buy a Rs. 50,000 laptop and convert it into a 6-month EMI, that transaction will not generate any points. Cash Advances (withdrawing money from an ATM) earn zero rewards and actively cost you severe penalty fees. Finally, Government-Related Transactions (like paying income tax or municipal property taxes) are strictly excluded from the rewards program.
For example, if you spend Rs. 10,000 on groceries and Rs. 5,000 on fuel in a month, you will only earn points on the Rs. 10,000 grocery spend. The Rs. 5,000 fuel spend yields zero points, though it will trigger your surcharge waiver.
View FAQ
Commonly Asked Questions
Which transactions do not earn reward points on this card?
Transactions categorized as Fuel Spends, EMI Spends, ATM Cash Withdrawals, Cash Advances, and Government-Related Transactions do not earn any Reward Points.
Are fuel transactions excluded from earning rewards?
Yes, fuel spends are completely excluded from earning Reward Points. However, you do receive a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 3,000.
Do I get points if I convert a large purchase into an EMI?
No, EMI Spends are explicitly listed in the exclusions. Once a transaction is converted into an EMI, it stops being eligible for base reward points.
Will I earn points if I use this card to pay my income tax?
No, tax payments fall under Government-Related Transactions, which are excluded from the rewards program on this card.
Does paying rent with this card earn reward points?
Rent payments are excluded from reward point earnings and attract a flat surcharge fee of Rs. 199 plus GST.
What happens if I accidentally make a payment in an excluded category?
The transaction will go through normally and be added to your monthly bill, but your account simply will not be credited with any Reward Points for that specific purchase.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable) | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge Surcharge on booking or cancelling railway tickets will be levied as prescribed by IRCTC or Indian Railways and may vary based on their applicable charges | As prescribed by IRCTC / Indian Railways |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees A fee of ₹200 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹200 |
Cash Payment Fees ₹250 cash payment fee per deposit | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1000 | ₹400 |
| ₹1001 - ₹10000 | ₹750 |
| ₹10000 - ₹25000 | ₹950 |
| ₹25000 - ₹50000 | ₹1100 |
| ₹50000 and above | ₹1300 |
Before committing to the IRCTC SBI Platinum Card, it is vital to understand the full landscape of fees ...
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Before committing to the IRCTC SBI Platinum Card, it is vital to understand the full landscape of fees ...
Before committing to the IRCTC SBI Platinum Card, it is vital to understand the full landscape of fees and charges. While the card is highly rewarding for train bookings, certain penalties and usage fees can quickly erase your savings if you are not careful.
The Joining Fee for this card is Rs. 500 plus GST. The bank charges this one-time fee in your first billing cycle as per standard policy. However, this is easily offset. The Rs. 500 joining fee is effectively offset with 350 bonus Reward Points (worth Rs. 350) and Rs. 100 cashback on your first ATM withdrawal, providing a total value of Rs. 450.
The Annual or Renewal Fee is Rs. 500 plus GST, charged every year from the second year onwards. This fee is waived automatically if you spend Rs. 50,000 or more in the previous membership year. Even if you do not hit the waiver threshold, the bank provides 500 Reward Points on renewal, essentially giving you Rs. 500 back to spend on IRCTC.
The APR or Interest Rate is set at 3.75% per month. Finance charges of 3.75% per month (45% p.a.) apply if the Total Amount Due is not paid by the Payment Due Date. Interest-free credit period of 20-50 days is available only when previous dues are cleared in full. Finance charges apply from the transaction date until the payment is made in full. For example, if you carry an unpaid balance of Rs. 10,000 into the next month, you will accrue Rs. 375 in interest charges for that month alone.
Late Payment Charges are levied if you miss your minimum due payment. The fees are slab-based: Rs. 0 for balances up to Rs. 500, Rs. 400 for balances Rs. 501-1,000, Rs. 750 for Rs. 1,001-10,000, Rs. 950 for Rs. 10,001-25,000, Rs. 1,100 for Rs. 25,001-50,000, and Rs. 1,300 for balances above Rs. 50,000. For instance, if you forget to pay a statement balance of Rs. 3,000, the bank will add a severe penalty fee of Rs. 750 to your next bill.
The Foreign Transaction or Forex Markup Fee is 3%. A 3% Forex Markup Fee is levied if you use your card to make payments in any currency other than INR. This fee applies when shopping on e-commerce websites that accept payments in currencies other than INR or when making payments outside of India using a POS terminal. If you travel abroad and spend USD 100 (roughly Rs. 8,300), the bank will add an extra Rs. 249 as a markup fee to your statement.
The ATM Cash Withdrawal Fee is 2.5% of the transaction amount. 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum Rs. 500). If you withdraw Rs. 10,000 in cash from an ATM, you will be hit with an immediate Rs. 500 fee, plus interest starts accruing from day one.
The Rent Payment Convenience Fee is Rs. 199 + GST. A surcharge fee of Rs. 199 + GST applies on rental transactions made using the credit card. If your monthly rent is Rs. 15,000, you will end up paying Rs. 15,199 plus GST just to process the payment through this card, making it an expensive method for paying landlords.
Railway Surcharges apply when booking tickets. Surcharge on booking or cancelling railway tickets is levied as prescribed by IRCTC or Indian Railways. This means standard payment gateway charges dictated by the IRCTC portal still apply to your bookings.
A Cash Payment Fee of Rs. 250 is charged if you pay your bill in cash. There is a fee of Rs. 250 + applicable taxes for cash payment of credit card bill at select SBI branches. To avoid this entirely, always pay your credit card bill online via UPI or NEFT.
A Cheque Payment Fee of Rs. 200 is levied on physical cheque payments. A Rs. 200 cheque payment fee is applicable on payments made through cheque. Like cash payments, this penalty exists to push customers toward digital bill settlement.
Finally, a Reward Redemption Fee of Rs. 99 is charged to process your points. A reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. If you redeem points worth Rs. 500 for a train ticket, you will be charged Rs. 99, reducing your net gain to Rs. 401.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 500 + GST |
| Annual Fee | Rs. 500 + GST |
| Interest Rate (APR) | 3.75% per month (45% p.a.) |
| Late Payment Fee | Slab based (Rs. 0 to Rs. 1,300) |
| Forex Markup Fee | 3% |
| Cash Withdrawal Fee | 2.5% (Min Rs. 500) |
| Rent Payment Fee | Rs. 199 + GST |
| Cash Payment Fee | Rs. 250 + GST |
| Cheque Payment Fee | Rs. 200 + GST |
| Reward Redemption Fee | Rs. 99 + GST |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 500 plus GST, which is offset by the 350 bonus points and Rs. 100 ATM cashback welcome package.
What is the annual or renewal fee?
The card charges an annual renewal fee of Rs. 500 plus GST from the second year onwards.
Is there an annual fee waiver based on spending?
The annual fee is waived upon reaching the annual spending milestone of Rs. 50,000.
What is the interest rate (APR) if I don't pay my full balance?
The APR is 3.75% per month, which calculates to 45% annually. Carrying a balance of Rs. 10,000 costs you Rs. 375 in interest monthly.
How is the interest calculated on outstanding balances?
If you do not clear your total due by the payment date, finance charges apply retroactively from the original transaction date until the balance is paid in full.
What are the late payment charges?
Late fees are slab-based: Rs. 0 for dues under Rs. 500, Rs. 400 for up to Rs. 1,000, Rs. 750 for up to Rs. 10,000, up to a maximum of Rs. 1,300 for dues above Rs. 50,000.
What is the forex markup for international transactions?
The card charges a 3% forex markup. If you buy a software subscription online in US dollars worth Rs. 1,000, you pay an extra Rs. 30 in fees.
What are the cash withdrawal charges and limits?
Withdrawing cash from an ATM costs 2.5% of the amount or a minimum of Rs. 500, whichever is higher, plus immediate interest charges.
Are there fees for paying rent with this card?
Yes, using the card for rental payments attracts a flat surcharge fee of Rs. 199 plus GST per transaction.
Is there a fee for paying my bill in cash?
Yes, paying your credit card bill over the counter with cash at an SBI branch incurs a Rs. 250 penalty fee.
What are the charges for cheque payment of bills?
Paying your bill via a physical cheque attracts a Rs. 200 convenience fee.
Are there charges for railway ticket bookings?
Yes, standard payment gateway surcharges as prescribed by IRCTC or Indian Railways apply when booking or cancelling tickets.
Is there a fee to redeem my reward points?
Yes, every time you choose to redeem your points for a train ticket, the bank charges a Rs. 99 handling fee plus GST.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What basic documents do I need to apply?
You will need a valid PAN Card, an Aadhaar Card for identity and address proof, and a recent passport-size photograph.
What income proof is required for salaried applicants?
Salaried individuals must provide their latest 2 months' salary slips or their most recent Form 16 document.
What income proof do self-employed applicants need?
Self-employed professionals must submit their latest Income Tax Return (ITR) acknowledging an income of at least Rs. 4 Lakhs, along with audited financial statements if requested.
Can I use a passport instead of Aadhaar for address proof?
Yes, a valid Passport, Voter ID, or Driving License can also serve as acceptable address proof if you do not wish to use Aadhaar offline KYC.
What documents are needed for Video KYC?
For Video KYC, you only need to show your original physical PAN card to the camera. The agent will verify it live.
Do I need to submit physical copies of my documents?
If you complete the application digitally with Video KYC, physical submission is rarely required. Only in cases of VKYC failure will an agent visit to collect physical copies.
Who Should Get This Card?
If you are a student or a business executive who travels between cities via Indian Railways multiple times a year, this card is built for you. The 10% value back on AC tickets is a massive return rate that general cashback cards cannot beat. If you book Rs. 10,000 worth of AC train tickets annually, you will earn 1,000 points (Rs. 1,000 value), which completely overshadows the Rs. 500 annual fee.
However, if you prefer flights, buses, or road trips and rarely set foot on a train, this card is not for you. You would be paying a Rs. 500 annual fee for a card with a subpar 0.8% base reward rate and no airport lounge access. In that case, look for an entry-level cashback card instead.
Credit Limit and What to Expect
Your credit limit is the maximum amount you can spend on the card. SBI Card assigns this limit based strictly on your income profile, existing debt, and CRIF score.
If you are applying with the minimum salary of Rs. 25,000 per month, your initial credit limit will fall between Rs. 30,000 and Rs. 50,000. If you have a long credit history with a high score and a larger salary, the bank may assign a much higher limit. The bank reviews your account after 6 to 12 months; if you pay your bills on time and utilize your card responsibly, they often send automated limit enhancement offers.
View FAQ
Commonly Asked Questions
What credit limit will I get with a Rs. 30,000 salary?
With a salary of Rs. 30,000, you will receive an initial credit limit ranging from Rs. 30,000 to Rs. 45,000.
How can I increase my credit limit later?
Pay your full bill on time every month and keep your credit utilization below 30%. SBI Card will automatically offer limit increases periodically. You can also request an increase by submitting updated salary slips.
Is there a separate limit for cash withdrawals?
Yes, credit cards come with a total credit limit and a sub-limit for cash advances. The cash limit is usually a percentage (often 10% to 20%) of your total credit limit.
Will a low credit score affect my limit?
Yes, if the bank approves you with a borderline score, they mitigate their risk by offering a lower starting credit limit.
Can I spend over my credit limit?
Transactions exceeding your limit are declined unless you have enabled over-limit facilities. If approved, a fee of 2.5% of the over-limit amount (minimum Rs. 600) applies to your account.
How do I check my available credit limit?
You can instantly check your total and available credit limits by logging into the SBI Card mobile app or sending an SMS from your registered mobile number.
How to Apply?
Applying for the IRCTC SBI Platinum Card is a fast, digital-first process. The easiest method is to apply online.
- Visit the official SBI Card website or apply through a trusted partner platform.
- Fill in your basic details, including PAN, mobile number, and employment information.
- Submit the application to trigger a soft credit check. If your CRIF score is 750 or above, you will move to the KYC stage.
- Complete your Video KYC (VKYC). Ensure you have your original PAN card and Aadhaar handy, and that you are in a well-lit room with good internet.
- Once VKYC is verified, your application goes for final approval. The virtual card is often generated instantly, while the physical card arrives at your registered address within 5 to 7 working days.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online directly through the SBI Card website, via the YONO SBI app, or through authorized financial partner websites.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process where a bank agent confirms your identity over a video call. It is highly recommended as it removes the need for physical document pickup and speeds up approval.
What do I need for a successful Video KYC call?
Keep your original PAN card and Aadhaar card ready. Ensure you have a stable internet connection, good lighting, and a blank paper with a black pen for signature verification.
How long does the approval process take?
If your Video KYC is successful and your credit profile meets the 750+ CRIF requirement, approval can happen within 24 to 48 hours.
Can I apply offline at an SBI branch?
Yes, you can visit any State Bank of India branch and fill out a physical application form. However, the online process is generally much faster.
How can I track my application status?
After applying, you will receive an Application ID via SMS. You can use this ID on the SBI Card website's 'Track Application' page to see your real-time status.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Earn up to 10% value back on IRCTC Ticket
Bookings as Reward Points on AC1, AC2, AC3, Executive Chair Car and Chair Car bookings via irctc.co.in and the IRCTC Mobile App
Get 350 bonus Reward Points
as a welcome gift on making a single transaction of ₹500 or more within 45 days of card issuance
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