Credit cards offer ease of use and functionality. So much so that a lot of people have become reliant on them. Unsurprisingly, they are very popular nowadays. Besides ease of use and functionality, credit cards are also offering a wide range of benefits. Sprint credit card offers such benefits.
In this post, we explain the benefits and features of the SBI Cashback credit card, the eligibility criteria to apply for the card, required documentation, fees and charges, and how the Cashback card works.
SBI Sprint Credit Card Benefits and Features
Firstly, let’s talk about the benefits and features of the card. It is a reward-generating card. It is packed with various benefits and features. Here are some of them:
No joining fee
There is no application fee at all. You can just apply. There is a renewal fee, which is Rs. 999, but you will pay it beginning with the second year. So, no worries for now.
Cashback
The Sprint credit card comes with amazing cashback on spends. You get 5% cashback for every online spend and up to 1% cashback for offline. On top of these, there is also 1% cashback for utility bill payments.
Access to cashback
The SBI Cashback card offers interesting cashback. But how do you access it? The card is equipped with an auto-credit system. This means the cashback you earn will be credited to your account automatically. You will be able to see it after your next statement within two days.
Renewal fee reversal
You can reverse your renewal fee with an annual spend of Rs. 2 Lakh.
Complimentary domestic lounge
You can get up to 4 complimentary airport lounge visits. Note that this applies in India only. Also, the visits are limited to only 1 visit per quarter.
Fuel surcharge waiver
With the Sprint credit card, you can avail of up to a 1% fuel surcharge waiver. And yes, you can avail of the waiver across all the petrol pumps in India.
Worldwide acceptance
One of the best features of the credit card is its worldwide acceptance. With 24 million outlets spread across the globe, you can shop with no worries.
Utility bill payment facility
The card simply makes paying bills easy.
Add-on card
Maybe you want to have an add-on cardholder? The credit card offers that, too.
Customer card service
If you are a cardholder, you want your card provider to have excellent customer card service. The SBI Cashback credit card has a dedicated team that offers 24 hours of service to help customers clear their issues.
Card alerts
This feature provides you with information regarding your credit card. It includes Credit and Cash Limit Alerts, Cheque Alerts, Mini Statement Alerts, and Payment Assistance Alerts, among many others.
Eligibility Criteria to Apply for the Sprint Credit Card
You are interested in the benefits and features the card offers. But are you eligible for it? When it comes to SBI Sprint credit card eligibility, there are not many criteria you need to meet. Here are the eligibility criteria to be approved:
- Must be an Indian citizen
- Age 18 and above (maximum 60 years old)
- Both self-employed and salaried individuals can apply
- Credit score above 750
Required Documentation to Apply
The following documents are required:
- PAN card
- Date of birth proof
- Resident proof
- Mobile number
- Occupation details
Fees and Charges
While the benefits and features the credit card offers are enticing, you should also know about the fees and charges. Knowing SBI Sprint credit card charges and fees can help you determine if the card is right for you.
- Joining fee: None
- Renewal fee: INR 999 (you can waive the fee by spending Rs. 2 Lakhs annually)
- Add-on card fee: None
- Cash advance fees: INR 500 or 2.5%, whichever is greater
- Cash payment fees: INR 250 + taxes
- Finance charges: 3.50 %
In addition to the above, there are also late payment fees. The amount of fee you need to pay depends on your statement balance. Here are the details:
- Statement balance less than Rs. 500: None
- Rs. 500 – Rs. 1,000: Rs. 400
- Rs, 1,000 – Rs. 10,000: Rs. 750
- Rs. 10,000 – Rs. 25,000: Rs. 950
- Rs. 25,000 – Rs. 50,000: Rs. 1,100
- Statement balance greater than Rs. 50,000: Rs. 1,300
Contactless Visa Paywave
The Sprint credit card comes with the latest Visa Paywave technology. As a result, cardholders won’t need to enter their PIN whenever they make a payment.
This awesome feature not only makes shopping quicker but also enhances shopping experience. In addition, customers can make a contactless payment of up to 5,000 in a single transaction.
The Visa Paywave feature also includes
- Fast and convenient payment. You can rely on the card for a fast and convenient payment.
- Security. The card stays in your hands, which means more security for you.
How Does the Cashback Card Work?
After knowing the benefits, features, fees, and charges, you will also want to know how exactly the Sprint credit card works. The procedure is quite simple. As a result, using the card is easy and straightforward. The contactless technology takes convenience to another level as well.
Here’s how the card works:
- Purchase the items you want
- At the cashier counter, look for the Visa contactless technology mark.
- The cashier will enter your purchase into the terminal. You can see the amount on the contactless reader.
- Place and hold your Sprint credit card at close range over the reader.
- After the payment is made, you will hear a beep sound or see four green indicator lights. Your transaction is complete.
Is It the Right Card for You?
This is a difficult question to answer. After all, needs and situations vary from one individual to another. That said, the card is worth checking out if you like to have a credit card that offers various rewards for shopping. It requires a high credit score, but the benefits and features make the card worth it.
Sprint credit card comes with a wide range of benefits and features. It is an excellent credit card for people who frequently shop online. There are fees and charges, yes, but the benefits outweigh them. So if you often make online purchases, the card is definitely worth checking out.
Also Read:
- Credit Card Vault: What is it, Fundamentals, and Advantages
- Credit Card Stacking: What is it and How to Use it?
