SBI has recently introduced a new debit card that is fully packed with features and benefits. The SBI Mastercard World Debit Card has an annual fee of ₹800 along with taxes, which a few people may think is quite expensive for a debit card. But the features and perks this card provides to its users are totally worth every penny.
With the SBI Mastercard World Debit Card, cardholders can enjoy exclusive features and rewards. The SBI Rewardz program allows users to earn points on everyday purchases and also offers great bonuses and discounts on popular services like travel, dining, and entertainment. Cardholders benefit from complimentary airport lounge access and insurance coverage, having a sense of security while they travel.
The SBI Mastercard World Debit Card has higher transaction limits. This card is ideal for people who often make large purchases or need cash. Whether you’re shopping online or withdrawing cash, this card lets you access larger amounts without the usual limits of regular debit cards.
The SBI Mastercard World Debit Card aims to change how people view debit cards by providing a luxurious experience with rewards and benefits that stand out. It gives customers an advantage, making it a great choice for those who want more than a regular debit card.
SBI Rewardz
SBI Rewardz is designed for SBI World Debit Cardholders, allowing them to earn points on their spending. Each month, you can earn up to 10,000 SBI Reward Points, with a limit of ₹1,000 for each transaction.
When you use your debit card for purchases through points of sale (PoS) or online, you get 2 Reward Points for every ₹200 spent. There are bonuses available, such as:
- Activation Bonus: Make three transactions of at least ₹2,000 within two months of getting your card to earn up to 300 Bonus Reward Points.
- Milestone Bonus: If you spend ₹1 lakh or more in a month, you receive 1,000 bonus points.
- Birthday Bonus: Enjoy double points during your birthday month.
- International Payments: Double Reward Points are also available for international spending, whether online or in-store.
- Partnering Brands: Earn extra Reward Points when you purchase from partner brands, along with easy redemption options.
You can redeem your points through the SBI Rewardz website, SBI Rewardz App, or at select PoS machines. Redeem points for a variety of items, including merchandise, FASTag recharge, bill payments, movie tickets on BookMyShow, and travel bookings.
Exclusive Offers
- Swiggy One: A 12-month free subscription to Swiggy One Lite is offered in terms of 4 vouchers (3-month membership).
- BookMyShow: Purchase one ticket and get the second one at a discount of ₹200 off once every quarter.
- OTT Play: Free subscription to SonyLiv, Zee5, Lionsgate, Fancode, DistroTV for 12 months with four 3-month membership vouchers.
- Zoom Car: Get 15% off up to ₹1,000 for new users. This offer lasts for a minimum of 48 hours. You can also get 10% off up to ₹500 with no minimum duration and can be availed multiple times.
- Yatra: Get a 15% discount on domestic and international flights and hotel bookings, up to ₹3,000. You can use 12 vouchers, one for each month.
- Medibuddy: Users can avail of the MediBuddy smart health checkup once every year.
- Cult.fit: One month of free subscription online, which can be availed once.
- Tattva Spa: Get a discount of ₹1,000 on 60 or 90-minute sessions. Receive two vouchers every six months.
Cardholders can enjoy discounts and free services with the World Debit Card, including free golf rounds and discounts on travel and dining through the official website of Mastercard.
Daily Transaction and Withdrawal Limit
The Mastercard World Debit Card has specific daily limits for cash withdrawals and transactions, such as follows:
- Cash Withdrawal from ATMs: You can withdraw up to ₹2 lakh each day from ATMs within India. If you’re using it internationally, the limit is the equivalent of ₹2 lakh in the local currency.
- Point of Sale Transactions: When you’re making purchases at shops or restaurants, you can spend up to ₹5 lakh each day.
- Online Transactions (e-Comm): For online purchases, you can spend up to ₹5 lakh daily. However, there’s a restriction where you can only spend it in the local currency, and it should be equivalent to ₹1.5 lakh per day for international online transactions and a total of ₹2.5 lakh per month for those.
- Contactless Payments: For payments made using the contactless feature, you can spend up to ₹5,000 in a single transaction.
Airport Lounge Access
With the SBI Mastercard World Debit Card, users get complimentary domestic airport lounge visits twice every quarter, making it eight times in a year.
Insurance Benefits
The SBI Mastercard World Debit Card comes with some great complimentary insurance coverage that offers additional protection.
- Personal Accident Insurance: This covers you in case of accidental death, providing:
- Non-Air Travel Coverage: If you have an accident while not flying, your insurance covers up to ₹10 lakhs.
- Air Travel Coverage: If you have an accident while flying, the coverage increases to ₹20 lakhs if the ticket was purchased with the card.
- Purchase Protection Cover: This gives you up to ₹1 lakh protection on your purchases. It helps in protecting your purchases against theft or damage.
- Add-On Coverage: The add-on coverage includes:
- Family Transportation & Transportation of Mortal Remains: If something happens and you need to cover transportation costs for family members or to bring back mortal remains, this insurance provides up to ₹50,000.
- Checked-in Baggage Loss: If your checked baggage gets lost, you can claim up to ₹25,000.
To qualify for the insurance coverage, your flight ticket must be purchased using your SBI Mastercard World Debit Card, and you should have used the card for at least one financial transaction in the last 90 days.
Bottom Line
The SBI Mastercard World Debit Card is perfect for those who frequently make large purchases, travel, or are looking for premium benefits. With its impressive rewards program, extensive offers, and high transaction limits, it provides a luxurious experience that goes beyond a standard debit card. If you appreciate earning rewards on everyday spending and taking advantage of discounts on travel and dining, this card is definitely worth considering. While the annual fee of ₹800 may seem high to some, the value you receive through rewards, insurance, and exclusive offers makes it a useful investment for those who utilize its benefits fully.