Tag: SBI Card

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SBI Card and Titan Launch Titan SBI Card

Mar 21, 2024 by Sujata Muguda 0 Comments #Mr. Abhijit Chakravorty, #New Delhi, #SBI Card, #Titan

New Delhi, March 21, 2024: SBI Card, India’s largest pure-play credit card issuer, in partnership with Titan Company Limited, a leading player in the jewellery, watches, eyewear and ethnic wear categories, has launched Titan SBI Card today. The one-of-its-kind shopping credit card is designed for addressing the consumers’ aspirational spending needs. Titan SBI Card offers accelerated benefits on spends across varied lifestyle categories. With features that include cashbacks, Titan gift vouchers and Reward Points, cardholders can avail exclusive benefits of over INR 2,00,000 worth per annum.

titan sbi card

Titan SBI Card, an industry-first co-brand card, offers thoughtfully curated benefits on high value spend categories such as jewellery, watches, and eyewear. The card offers 7.5% cashback on Titan in watches category; Taneira in women ethnic wear category; Titan EyePlus in eyewear category; and other non-jewellery Titan brands. The card which is also a first of its kind in the jewellery sector ensures that jewellery shopping becomes an exciting and an equally rewarding affair for customers. Cardholders are eligible for 5% cashback when they shop using Titan SBI Card from Mia, Caratlane, and Zoya across their offline and online stores. Additionally, upon shopping from Tanishq, they get Titan gift vouchers worth 3% value of the spends.

Speaking on the launch Mr. Abhijit Chakravorty, MD & CEO, SBI Card said, “There is a growing propensity of Indian consumers towards aspirational lifestyle and products. We are delighted to introduce Titan SBI Card, a specialised credit card that caters to the lifestyle spending needs of our customers. This launch holds great significance for us since it also marks the start of our partnership with Titan, a giant in the premium retail category. We hope our customers will appreciate this new addition to our already robust premium portfolio and leverage it to derive maximum benefits as they spend through it.”

Sharing his views, Mr. C K Venkataraman, MD, Titan Company Limited, said, “India is on the trajectory to become the third largest consumer market, with consumer spending growing y-o-y across the retail ecosystem.  In fact, at Titan, we have witnessed a significant surge in demand from our consumers across different segments. Our consistent growth trajectory across categories, is reflective of the confidence that our consumers have in our value proposition. We are delighted to partner with SBI Card to launch this unique co-brand card which will further bolster the aspirations of our consumers. Through this card, we would like to empower our customers by offering them exciting benefits while shopping across their favourite Titan brands. Additionally, spearheading Titan’s commitment to the society and its eco-conscious drive, we are also happy to plant a tree for every approved card.”

What’s more, it also offers many benefits to customers beyond Titan’s ecosystem including travel lifestyle benefits. Titan SBI Card offers 8 complimentary visits to domestic airport lounges (maximum 2 visits per quarter) and 4 complimentary visits to international airport lounges (maximum 2 visits per quarter). Further, cardholders receive 6 Reward Points on every INR 100 spent on non-Titan brands including dining and other e-commerce websites.

Titan SBI Card is packed with many spend-based milestone benefits as well. Cardholders are eligible for spend-based fee reversal upon reaching annual spends milestone of INR 3 lakh during a card membership year. As the cardholders’ cross annual spends milestones of INR 5 lakh and INR 10 lakh, they are eligible for gift vouchers worth INR 5,000 and INR 10,000 respectively of any Titan brand.

The joining and annual renewal fee of the card is INR 2,999 plus applicable taxes. The contactless card is available on RuPay as well as VISA payment platforms. Further, taking an eco-conscious approach, Titan Company Limited and SBI Card will be planting a tree for every approved card in collaboration with Grow-Trees.com.

Key highlights of Titan SBI Card:

  • Benefits on Titan Brands
    • Cashback Benefits:
      • 7.5% cashback on Titan, Taneira, Titan EyePlus, and other non-jewellery Titan brands (Maximum of INR 10,000 per quarter)
      • 5% cashback on Mia, Caratlane and Zoya (Maximum of INR 10,000 per quarter)
    • Gift Vouchers
      • Titan gift vouchers of worth 3% value of spends on Tanishq (Maximum of INR 25,000 per quarter; Except on Golden Harvest Scheme transactions)
  • Annual Spends-based Milestone Benefits
    • Renewal fee waiver of INR 2,999 upon reaching INR 3 lakh spends milestone during a card membership year
    • Gift voucher of worth INR 5,000 of any Titan brand upon reaching INR 5 lakh spends milestone
    • Gift voucher of worth INR 10,000 of any Titan brand upon reaching INR 10 lakh spends milestone
  • Welcome Gift
    • 12,000 Reward Points upon payment of joining fee
  • Travel Benefits:
    • 8 complimentary domestic airport lounge visits in a year (Maximum of 2 visits per quarter)
    • 4 complimentary international airport lounge visits in a year (Maximum of 2 visits per quarter)
  • Fuel Surcharge:
    • 1% fuel surcharge waiver (Valid for transactions of amount ranging from Rs 500 to Rs 3,000 & maximum surcharge waiver amount of Rs 100 per billing statement month per credit card account)
 

SBI Card and BPCL launch BPCL SBI Card OCTANE
News

SBI Card and BPCL launch BPCL SBI Card OCTANE

Dec 16, 2020 by Rekha Nair 0 Comments #Bharat Petroleum Corporation Ltd, #Chairman, #Chairman & Managing Director, #Director (Marketing) Bharat Petroleum Corporation Ltd, #MD & CEO, #Mr. Arun Kr. Singh, #Mr. Ashwini Kumar Tewari, #Mr. Dinesh Khara, #Mr. K Padmakar, #SBI, #SBI Card

Mumbai (India), December 15 2020: SBI Card, India’s largest pure play credit card issuer, and Bharat Petroleum Corporation Ltd, a Maharatna Company and the second largest petroleum company in India today announced the launch of the BPCL SBI Card OCTANE. The card has been designed to offer maximum savings to the well-heeled consumer segment which spends a significant amount on fuel. The BPCL SBI Card OCTANE brings 25X Reward Points (RPs) on spends for BPCL fuel and MAK Lubricants, Bharatgas (LPG) spends (Website and app only) and BPCL’s In & Out convenience store spends.

BPCL SBI Card OCTANE offer, which translates to a whopping 7.25% value back (including 1% surcharge waiver) on fuel and lubricant spends at BPCL fuel stations and an unbeatable 6.25% value back on Bharatgas spends (Website and app only) also bundles in accelerated savings on other regular spends categories, including, Departmental Store & Grocery, Dining and Movies. BPCL SBI Card OCTANE customers will benefit from BPCL`s extensive network, enjoying savings on fuel and lubricants at 17000+ Bharat Petroleum fuel stations, across the country. Additionally, there will be no minimum transaction threshold for fuel spends, enabling customers to save with every transaction. An altogether Pure for Sure experience at BPCL fuel stations!

Sharing his perspective, Mr. Dinesh Khara, Chairman, SBI said, “Launch of this BPCL SBI Card OCTANE bolsters partnership of SBI Card with BPCL. The card will bring consumers the highest savings proposition on fuel in the industry, thus making it a preferred choice in the segment. This launch will surely aid and bolster digital payments growth in India.”

The BPCL SBI Card OCTANE combines best in class rewards points on fuel spends with value back on various regular spends categories, thus addressing overall spending needs of cardholders. BPCL SBI Card OCTANE will provide 10X RP on Dining, Movies, Grocery & Departmental Store Spends. BPCL SBI Card OCTANE cardholders can enjoy exclusive benefits such as complimentary domestic airport lounge access. The card offers milestone benefits worth INR 2000 on annual spends of INR 300,000, in the form of e-gift vouchers. The card also comes with a complimentary fraud liability cover of INR 100,000.

Talking about the launch of the new co-brand card, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “BPCL SBI Card OCTANE further strengthens our robust co-branded card portfolio and will propel our partnership with BPCL.  This launch is in line with our continued endeavor to offer our customers the best-in-class products with superior value. In addition to the savings on fuel and lubricants across Bharat Petroleum`s vast network across India, the card will also offer accelerated reward points on major spend categories, such as, Departmental Store & Grocery, Movies and Dining and Bharat Gas spends (Website and App only), making it a holistic, primary card for our customers.”

Mr. K Padmakar, Chairman & Managing Director, Bharat Petroleum Corporation Ltd said, “We are extremely happy to introduce the BPCL SBI Card Octane which offers best in the category benefits to our customers on purchase of fuel and lubricants across our 17000+ Retail Outlets and on online Bharatgas LPG payments. Our partnership with SBI Card ensures that we continuously endeavor to provide value to our customers through innovative products and offerings. The BPCL SBI Card OCTANE is one of our contributions towards digitally empowering society.”

Speaking about the launch of the new co-brand card, Mr. Arun Kr. Singh, Director (Marketing) Bharat Petroleum Corporation Ltd said, “BPCL has been at the forefront of the digital revolution in the country and the BPCL SBI Card OCTANE symbolizes BPCL’s steadfast commitment to offer vastly differentiated and best in class value through its digital offerings to all segments of the fueling consumers in the country. BPCL SBI Card OCTANE is packed with an empowering value proposition across its retail fuels, Bharatgas and Lubricants portfolio giving our valued customers a hugely rewarding cashless fueling experience.”

The card brings value from the point of enrolment itself, offering 6000 bonus points worth INR 1500 on payment of joining fee. BPCL SBI Card OCTANE also offers annual membership fee reversal on annual spends of INR 200,000 or more on in the previous year. The card launched on Visa Signature platform comes at an annual membership fee of INR 1499/-.

Highlights of BPCL SBI Credit Card OCTANE:

  • The BPCL SBI Card OCTANE offers many distinct benefits and rewards to cardholders, including:
  • Welcome Benefit: 6,000 Reward Points worth INR 1,500 upon payment of joining fees.
  • Reward Points:
  • 25X Reward Points on every INR 100 spent at BPCL Fuel, Lubricants, and Bharat Gas (Website & App only) (Limited to Max 2500 Reward Points per billing cycle).
  • 10X Reward Points on every INR 100 spent at Dining, Movies, Grocery and Departmental Stores.
  • 1 Reward Point on remaining spends (except Non BPCL fuel and Mobile wallet upload).
  • Milestone Benefit: E-Gift Voucher worth INR 2,000 on annual spends of INR 300,000.
  • 4 Complimentary Domestic Airport Lounge Access in India (Max 1 visit per quarter).
  • Annual fee reversal on annual spends of INR 200,000.
  • 1% Fuel Surcharge waiver at BPCL petrol pumps.
  • Complimentary Fraud Liability cover of INR 100,000.
SBI Card
Business World

SBI Card gives customers added reason to celebrate with its festive offers for 2020

Oct 13, 2020 by Gouri Achary 0 Comments #festive offers for 2020, #festive season purchases., #Mr. Ashwini Kumar Tewari, #SBI Card

SBI Card, India’s largest pure-play credit card issuer, is all set to add to the festive cheer of its cardholders this festive season. With 1000+ offers across 2000 cities, specially curated to meet the changing trends and consumer preferences, SBI Card endeavours to bring customers rewarding shopping experience on their festive season purchases.

The wide range of offers includes 300+ national and 700+ regional & hyperlocal offers. The delightful spread of offers ranges across a wide set of categories such as fashion & lifestyle, electronics, mobiles, jewellery, departmental stores and travel & online marketplaces. Offers are available nationally across marquee brands such as Amazon, Brand Factory, Croma, Caratlane, Fabindia, FirstCry, Grofers, Home centre, Lloyds, More Hypermarket, More Supermarket, Pantaloons, Samsung Mobile and Tata Cliq. These strategic partnerships will enable the customers to derive benefits across all the relevant shopping categories. Offers include attractive cashback as well as instant discounts ranging upto 10%.

SBI Card is also the exclusive credit card partner for Flipkart`s ‘The Big Billion Days’ online shopping festival, one of the largest online sale events in India.  SBI Card customers can avail 10% instant discount on Flipkart during the offer period, in addition to the plethora of deals on the platform, from the safety of their homes.

Commenting on the festive offers, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card,  said “Every year our endeavour is to bring our consumers a superior experience and maximum savings on their festive shopping through carefully designed national and regional offers This year we have curated over 1000 offers, with national and local merchants, both in-store and online, across 2000 cities, to enable our cardholders enjoy great benefits across all the categories. In addition, to make festive purchases more affordable, SBI Card customers can avail EMI purchase facility at over 1.3 lakh stores. EMI at no extra cost is also available on larger ticket items with popular brands in electronics and mobiles. Through these offers, we are pleased to bring our customers safe and rewarding shopping experience, thus adding to their celebrations.”

In addition to the national offers, SBI Card has also curated several region-specific and hyperlocal offers for customers across small towns and cities. For instance, SBI Card has partnered with regional brands during the Durga Puja and Navratri festivals that will enable customers to avail great savings through cashback offers across 1100+ stores and 120+ discount offers across 17 cities. 700+ hyperlocal offers with discounts ranging from 10% to 55% have been curated across 46 cities.

Further, to ensure affordability, SBI Card customers can avail EMI facility at 84500 merchants & 1.3 Lakh+ stores. Also, EMI at no extra cost is accessible across 14 brands in electronics & mobiles categories.

The festive offers will run from  October 01, 2020, to November 15, 2020.

Annexure:

Offers on various brands nationally:

Partner Offer
Amazon 10% Instant Discount
Brand Factory 5% Instant Discount
Caratlane 5% Instant Discount
Croma 5% Cashback
Fabindia 10% Instant Discount
FirstCry 5% Instant Discount
Flipkart 10% Instant Discount
Grofers 5% Instant Discount
Homecentre 5% Cashback
Lloyds Upto 10% Cashback
More Hypermarket Rs 150 Cashback
More Supermarket 5% Cashback
Pantaloons 7.5% Cashback
Samsung Mobile 10% Cashback
Tata Cliq 10% Instant Discount
SBI Card
Business World

SBI Card bolsters premium portfolio; inks partnership with American Express

Sep 30, 2020 by Gouri Achary 0 Comments #American Express, #American Express Global Network Services, #Mr. Ashwini Kumar Tewari, #Mr. Pierric Beckert, #SBI Card, #SBI Card ELITE, #SBI Card PRIME

SBI Card, India’s largest pure-play credit card issuer, and American Express, the globally integrated payments company, have entered a strategic partnership to offer a powerful mix of global benefits and exclusive privileges for discerning consumers in India. With this partnership, SBI Card`s top-end premium products – SBI Card ELITE and SBI Card PRIME will be available on American Express’ global network. Designed for the premium segment of credit card users in India, SBI Card ELITE and SBI Card PRIME on the American Express platform combines unmatched benefits from both partners to offer consumers an enhanced premium experience.

In addition to the exclusive value proposition of SBI Card ELITE and SBI Card PRIME, cardholders can enjoy American Express’ valuable network benefits through local and global network offers, access to Elite tier membership, complimentary domestic lounge program, access to VIP upgrades and privileges at hotels, restaurants and retail outlets around the world and unique experiences like pre-ticketing access to sporting and entertainment events such as Wimbledon and US Open– now accessible virtually!

SBI Card ELITE and SBI Card PRIME bring cardholders the best lifestyle privileges such as complimentary membership to loyalty programs of marquee brands like Vistara and Trident Hotels with exclusive benefits for SBI Cardholders; complimentary international airport lounge access through the Priority Pass Program; and welcome gift vouchers from leading retail brands. These privileges are accompanied by value through accelerated reward points on spend categories such as dining, entertainment and departmental store as well as spends based milestone benefits.

Speaking about the partnership, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “SBI Card has always endeavoured to bring best-in-class products and services to offer maximum value and an unmatched experience carefully curated to address the evolving needs of customers. Strategic partnerships which enable us to offer a differentiated value proposition to our consumers are part of our core business approach. Our partnership with American Express will enable us to bring a powerful and unique value proposition to our aspiring affluent and premium consumer segment. This alliance is another step in our efforts to bolster our premium portfolio, making our diverse portfolio of mass to premium more comprehensive and robust.”

Mr. Pierric Beckert, President, American Express Global Network Services, shared “Around the world, American Express partners with banks that share our commitment to superior customer service and providing quality products to customers. Our issuing partnership with SBI Card will enhance the service and value proposition for Indian consumers and significantly expand our footprint in the country. Together, we will create appealing and differentiated products to meet the needs of a wide set of Indian consumers.”

India is a strategically important market for American Express, with all lines of businesses tapping into the digital payment acceleration in the country. Global Network Services works with local issuing banks to offer a wide range of products with best in class value propositions. These products are supported by a rich suite of offers as well as global benefits backed by rich rewards programs. The cards on the American Express network are contactless-enabled and protected by Safekey for online transactions.

With this launch, SBI Card will have products across four networks, thereby catering to the entire spectrum of users from mass to premium.

SBI Card ELITE and SBI Card PRIME on American Express platform will come at a joining fee of INR 4999 and INR 2999 respectively. Currently, the cards have been launched in Delhi NCR and Mumbai and will gradually be extended to other cities in the American Express network.

shake hand
Business World

SBI Card collaborates with Google to enable cardholders to make payments through Google Pay

Sep 21, 2020 by Gouri Achary 0 Comments #cardholders, #Google, #Google Pay, #Mr. Ashwini Kumar Tewari, #Sajith Sivanandan, #SBI Card

Mumbai, 21 September 2020: SBI Card, India’s largest pure-play credit card issuer, today announced its collaboration with Google to enable cardholders to use their SBI Credit Cards on the Google Pay platform. SBI Credit Card users will now be able to make card payments using Google Pay app on their Android smartphones. Cardholders can make safe and secure payments using Google Pay in three modes- via Tap and Pay at NFC enabled PoS terminals, by scanning Bharat QR code at the merchant as well as online payments, without using the physical credit card. This launch is in line with SBI Card’s endeavour to promote zero contact, digital forms of payments for safe and enhanced customer experience.

Highly secure payment experience is enabled through tokenisation, whereby cardholders use Google Pay to pay through a digital token attached to their phone, without having to share physical card information with the merchant. Google Pay is a widely accepted payment app accepted at a multitude of merchants in India with deep penetration in metros as well as non-metros. Through this association, SBI Card aims to provide cardholders with the option to pay via Google Pay and offer them a safe payment experience on their mobile phones. Currently, the feature is available for SBI Credit Cardholders on Visa Platform.

SBI Cardholders can make payment using Google Pay via three modes:

Tap & Pay:

  • The user simply unlocks his/her android smartphone and taps on NFC enabled POS to make payment
  • User’s android smartphone should have NFC capability for tap payments
  • No PIN is required for transaction amount up to Rs. 2000

Bharat QR:

  • User to scan Bharat QR code at an online or offline merchant using Google Pay
  • User to confirm Merchant Name, Amount and OTP to make the payment

Online Payments:

  • Mobile Recharges on Google Pay and Online Payments on 3rd party merchants where Google Pay is supported for Credit Card payments
  • User to confirm OTP to make the payment

Cardholders have to do a one-time registration of their SBI Card on Google Pay platform by following some simple steps:

1. Download the latest version of Google Pay app on Android mobile phone
2. In settings under payment methods, press ‘Add Card’
3. Enter Cardholder Name, Card Number, Expiry, CVV and Confirm OTP
4. Post OTP authentication the card is registered for payments and can be used at NFC- enabled terminals, Bharat QR enabled merchants and for select online merchants

Commenting on the partnership, Mr. Ashwini Kumar Tewari, MD & CEO, SBI Card said, “At SBI Card, we continuously endeavour to push the boundaries of innovation to make life simpler and better for our consumer. The collaboration with Google Pay is another positive step in this direction. Our association with Google Pay, one of the leading providers in payments space, will enable us to offer safe, convenient digital payment solutions to a vast user base. As smartphone penetration in India soars, credit cards have also changed form to reside securely on the mobile phone and our partnership with Google opens up a new, secure and seamless payment route for our customers using smartphones.”

Sajith Sivanandan, Business Head: Google Pay and Next Billion Users – India said, “We’re delighted to be collaborating with SBI Card in bringing Indian users the highest standards of security with global standards like tokenisation and remain committed to furthering the cause of making payments more secure, convenient and effortless in the years ahead.”