There are very few such cards that offer cashback close to 7% like SBI Titan Credit Card.
You heard that right, “7%”. Plus, there are huge discounts on shopping specials on TATA Products.
For whom is this co-branded credit card of SBI with Tata company beneficial? we will find out now. But before that one request, please bookmark cardupdate.in
Joining fees and Annual Fees
The joining fee for the SBI Titan Credit Card is Rs. 2999 + GST, which is a one-time payment. There is an annual fee of Rs. 2999 + GST for card renewal, payable per annum.
- joining fee: Rs. 2999 + GST
- annual fee of Rs. 2999 + GST
Interest Rates
Yet not provided from the Bank.
Eligibility criteria for the SBI Titan Credit Card
Not directly mentioned on SBI Titan Credit Card, but a approximate idea.
Age
- Minimum: 21 years old
- Maximum: 70 years old (Confirm with SBI directly; some sources suggest 60 years old)
Occupation
- Salaried individual
- Self-employed individual (Age requirement might be higher, around 25 years old)
- Retired pensioner (Age range might be 40-70 years old)
Income
- Must have a regular source of income.
- Specific minimum income requirements aren’t publicly available, but some sources mention Rs. 3 lakh per annum.
Welcome Offer/Sign-Up Bonus
Upon acquiring the SBI Titan Credit Card, cardholders are greeted with a generous welcome offer.
By paying the annual fee, users instantly receive 12000 Reward Points, equivalent to Rs. 3000. This introductory gesture sets a promising tone for what lies ahead. Use Reward Points to redeem against Titan Vouchers.
Features and Benefits
The SBI Titan Credit Card extends to its exclusive benefits tied to the Titan brand. Cardholders can relish in a multitude of advantages:
3% value back on Tanishq
Enjoy the elegance of Tanishq jewelry while receiving a 3% value back in the form of Gift Vouchers.
7.5% Cashback on various brands
Delight in a 5% cashback on Mia, Caratlane & Zoya, and a whopping 7.5% cashback on World of Titan, Taneira, Titan Eye+, and more. These rewards are automatically credited to the cardholder’s account within five working days of the next statement generation.
Reward Program
Every expenditure with the SBI Titan Credit Card brings lucrative rewards. Cardholders earn 6 Reward Points per Rs 100 spent on all categories outside Titan spends, each point valued at Rs. 0.25.
Let’s go to the list.
Reward Points
- Earn 6 Reward Points per Rs 100 spent on all categories outside Titan spends.
- Each point is valued at Rs. 0.25.
- Points can be redeemed against a wide array of Titan Vouchers, enhancing versatility.
Spend Base Reversal
Offers a spend-based reversal on annual spends of Rs 3 Lakh.
Milestone Benefits
- Annual spends of Rs 5 Lakh: Gift Vouchers worth Rs 5000.
- Annual spends of Rs 10 Lakh: Gift Vouchers worth Rs 10,000.
- Vouchers are redeemable exclusively at Titan Stores.
Lounge Program
- Provides access to domestic and international airport lounges.
- Generous access limit for indulging in luxury and comfort during travels.
Utility Bill Payment Facility
- Seamless integration for managing utility bills.
- Easy Bill Pay facility allows users to settle electricity, telephone, mobile, and other bills effortlessly.
Balance Transfer on EMI and Easy Money
- Offers financial flexibility with features like Balance Transfer on EMI and Easy Money.
- Cardholders can transfer outstanding balances from other credit cards, avail lower interest rates, and procure drafts or cheques against their cash limit from home.
Hidden Fees and Charges
For now there is no Hidden Fees.
The SBI Titan Credit Card comes with a range of benefits, but it’s important to note the fees involved.
as you know It has an annual fee of Rs. 2999 plus GST, with the same amount for renewal.
However, there’s no add-on fee, making it a cost-effective option for families who want to share the card benefits with their loved ones.
SBI Titan Credit Card Worth It?
Whether the SBI Titan Credit Card is worth it depends on individual spending habits, lifestyle, and preferences.
If you frequently shop at Titan stores or its associated brands and can maximize the benefits offered, including the reward points and milestone benefits, the card could be worthwhile despite the upfront costs.
However, if you do not anticipate utilizing the benefits offered by the card, the fees may outweigh the advantages.
