The co-branded ‘Reliance SBI Card’ has been launched by SBI Card and Reliance Retail. “This one-of-its-kind lifestyle-focused credit card offers a holistic and rewarding shopping experience to customers across segments with varied spending needs, right from mass to premium,” the two companies said in a joint statement.
According to the statement, the card allows cardholders to unlock rewards and benefits while transacting at Reliance Retail’s extensive ecosystem, which includes fashion and lifestyle to grocery, consumer electronics to pharma, furniture to jewelry, and many more. ‘Reliance SBI Card’ users can also enjoy thoughtfully curated offers rolled out by SBI Card on an ongoing basis.
They have two cards: the Reliance SBI Card PRIME and the Reliance SBI Card. The yearly renewal charge for the Reliance SBI Card PRIME is Rs 2,999 plus applicable taxes, while the fee for the Reliance SBI Card is Rs 499 plus applicable taxes. Renewal fees are waived for cardholders who reach an annual spending threshold of Rs 3,00,000 on the Reliance SBI Card PRIME and Rs 1,00,000 on the Reliance SBI Card. “This is a card.”
SBI Card’s MD and CEO, Abhijit Chakravorty, said the company was happy to partner with Reliance Retail, which had reinvented India’s organized retail. “This partnership is a result of our shared focus on customer-centricity and commitment to provide world-class customer experience.”
According to Chakravorty, the Reliance SBI Card was created as a comprehensive offering that is applicable to main consumer segments. “It is a powerful addition to our robust co-brand portfolio, and we expect this to become a popular credit card given the universal usage avenues that it offers.”