Is sbi pulse credit card is worth it???

[piyush24]

Is sbi pulse credit card worth it???

 

[prakashJ]

Better to choose from Prime or Elite.

 

[anuragmukherjee28]

SBI PULSE DETAILED ANALYSIS

Welcome Benefits

• Get a Noise ColorFit Pulse 2 Max Smart Watch worth Rs. 5,999 on payment of joining fee.
  • The SBI Card PULSE customer will be eligible for their e-voucher to get exclusive NOISE ColorFit Pulse 2 Max Smartwatch on payment of joining fee.
  • E-Voucher to eligible card holders will be sent within 45 days of eligibility calculation through Email or SMS.
  • The Voucher Code cannot be used for any other product available on the Noise Website/App. It could only be redeemed for the NOISE ColorFit Pulse 2 Max Smartwatch.

Health Benefits

• Enjoy 1 year complimentary FITPASS PRO Membership, to be received every year, on card renewal.
• Enjoy 1 year complimentary Netmeds First Membership, to be received every year, on card renewal.

Reward Points

• Enjoy 10 Reward Points per Rs. 100 spent on Chemist, Pharmacy, Dining and Movies spends.
• Earn 2 Reward Points per Rs. 100 spent on all your other spends.
  • Pay your card outstanding with Reward Points. 4 Reward Points = Rs. 1 (1 Reward point = Rs 0.25 ).
  • You can also redeem your Reward Points against a host of options from the Reward Catalogue.

Milestone Benefits

• Waiver of Renewal Fee on annual spends of Rs. 2 Lakhs.
• Get Rs. 1500 E-Voucher on achieving annual retails spends of Rs. 4 Lakhs.

Comprehensive Insurance Cover

• Avail Fraud Liability Insurance Cover of Rs. 1 lakh.
• Air Accident Cover of Rs. 50 lakh.
• Loss of check-in baggage up to Rs 72,000 (1000 USD).
• Delay of check-in baggage Rs 7,500.
• Loss of travel documents up to Rs 12,500.
• Baggage Damage- Cover up to Rs. 5000.

Lounge Benefits

• Complimentary 8 Domestic Lounge visits (Restricted to 2 per quarter).
• Complimentary Priority Pass Membership worth US $99 (8224 rupees) for the first two years of cardholder membership.

Annual Fee and charges

• One-time: Rs. 1,499 + Taxes
• Renewal Fee (per annum): Rs. 1,499 + Taxes
• The finance charges applicable on this credit card are 3.5% per month or 42% annually.
• The cash advance fee on the SBI Card Pulse is 2.5% of the cash amount (minimum of Rs. 500). (This fee is charged when you withdraw cash using your credit card.)
• The foreign currency markup fee on this card is 3.5% of the transaction amount. (Whenever you make a transaction in a different currency, you will have to pay this fee.)

1% Fuel Surcharge waiver

• 1% Fuel Surcharge waiver for each transaction between Rs. 500 and Rs. 4,000.
• Maximum Surcharge waiver of Rs. 250 per statement cycle, per credit card account.

Eligibility Criteria

• Citizenship: You must be an Indian citizen.
• Age: You must be between 21 and 60 years old.
• Annual income: You must have a minimum annual income of ₹2 lakhs.
• Employment: You must be employed with a reputed organization or be self-employed with a stable income.
• Credit score: You must have a good credit score. SBI Card does not specify the minimum credit score required, but generally, a score of 750 or above is considered good.

Add-on Cards

• With SBI Card PULSE, you can empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18.

Overall Verdict
The SBI Card Pulse is an excellent choice for health-conscious individuals seeking an affordable, decent reward rate and other benefits.

 

[prateek.prasad]

@anuragmukherjee28
How do you pay your joining fee and renewal fee here. Does it get added to your bill or do we pay separately?
Also, what if I don't wish to pay renewal fee (considering I haven't spent 2 Lac on the card); does my card get closed?