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SBI joined hands with the lifestyle retail brand FABindia and launched a co-branded credit card in June this year. The card is yet another addition to the State Bank’s already large portfolio of co-branded credit cards, including Max SBI Card Select, LifeStyle Home Centre SBI Card prime, etc. The card comes with exclusive benefits for FABindia customers including direct access to the Platinum tier of the FABfamily membership and accelerated Reward Points on FABindia stores. The card also entitles you to a complimentary Priority Pass membership and 4 complimentary domestic lounge access every year. Read on to learn more about this cobranded offering by SBI Cards.

FABindia SBI Card SELECT
(3.7/5)

Fees

Joining Fee

Rs. 1,499 + GST

Renewal Fee

Rs. 1,499 + GST

Best Suited For

Shopping |

Reward Type

Reward Points

Welcome Benefits

Fabindia Vouchers worth Rs. 1,500; direct access to platinum tier Fabfamily membership.

Movie & Dining

N/A

Rewards Rate

10 Reward Points per Rs. 100 spent on Fabindia stores, 3 RPs per Rs. 100 spent on dining, movies and entertainment, 2 RPs per Rs. 100 spent on all international spends, 2 RPs per Rs. 200 on all other spends.

Reward Redemption

Reward Points can be converted into Fabfamily Rewards which can be used for shopping on Fabindia stores. 1 Reward Point = 1 Fabfamily Reward = Re. 1

Travel

4 complimentary domestic airport lounge access (1 per quarter), complimentary Priority Pass membership for two years

Golf

N/A

Domestic Lounge Access

4 complimentary domestic airport lounge access (1 per quarter)

International Lounge Access

Complimentary Priority Pass membership for two years (lounge visits are chargeable)

Insurance Benefits

N/A

Zero Liability Protection

Cardholder not liable for any fraudulent transaction post reporting the loss of card to the bank

Spend Based Waiver

Annual fee waived off on spends of Rs. 2 lakh in the previous year

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Foreign Currency Markup

3.5% of the transaction amount

Interest Rates

3.5% per month (or 42% annually)

Fuel Surcharge

1% fuel surcharge waived off for transactions of up to Rs. 3,000 (max waiver of Rs 100 per month)

Cash Advance Charges

2.5% of the transaction amount, subject to a minimum amount of Rs. 500

Add-on Card Fee

Nil

  • Fabindia gift voucher worth Rs. 1,500.
  • Platinum tier Fabfamily membership.
  • Gift voucher worth Rs. 1,250 from popular brands on spends of Rs. 2 lakh in a calendar quarter.
  • 10 Reward Points per Rs. 100 spent on Fabindia stores.
  • 3 Reward Points per Rs. 100 spent on dining, movies and entertainment.
  • 2 Reward Points per Rs. 100 on all international spends.
  • 2 Reward Points per Rs. 200 on all other spends.
  • 4 complimentary domestic lounge access (max 1 per quarter).
  • Complimentary membership of the Priority Pass program valid for 24 months.
  • 1% fuel surcharge waived off on transactions of up to Rs. 3,000. Maximum waiver capped at Rs. 100/month.
  • The Reward Points can be converted into Fabfamily rewards which can be used for shopping on Fabindia stores. 1 Reward Point = 1 Fabfamily Reward = Re. 1.

FABindia SBI Card SELECT Welcome Benefits:

  • Fabindia Gift Vouchers worth Rs. 1,500 as a Welcome Gift.
  • Direct access to Fabindia Platinum Tier Membership.
  • Welcome benefits to be credited within 15 days of payment of the card’s joining fee.

Milestone Benefits:

  • The annual fee of the card is waived off on achieving the milestone of expenditure of a minimum of Rs. 2 lakh in the preceding year.
  • Gift voucher worth Rs. 1,250 from popular brands on achieving the quarterly milestone of expenditure of Rs. 2 lakh using the card.
  • You can choose the gift voucher from either Aditya Birla Fashion Or Yatra Or Urban Ladder Or Hush Puppies / Bata

FABindia SBI Card SELECT Rewards:

  • You earn 10 Reward Points on every Rs. 100 spent on the FABindia stores.
  • 3 Reward Points per Rs. 100 spent on movies, dining and entertainment.
  • 2 Reward Points per Rs. 100 spent on all International spends.
  • 2 Reward Points per Rs. 200 spent on all other spends.

Reward Redemption:

  • The Reward Points earned can be converted into FABfamily Rewards.
  • 1 Reward Point = 1 FABfamily Reward = Re. 1.
  • The FABfamily Rewards can be used only for shopping on the FABindia stores.
  • You must have accured a minimum of 100 Reward Points before they can be redeemed (in multiples of 100, 200, 500 only).

Travel Benefits:

  • 4 complimentary domestic airport lounge access (max 1 per quarter).
  • Complimentary Priority Pass membership worth USD 99 valid for 24 months (lounge visits chargeable under the Priority Pass membership).

Fuel Surcharge Waiver:

1% fuel surcharge waived off for transactions of up to Rs. 3,000 (max waiver capped at Rs. 100 per month).

FABindia SBI Card SELECT Eligibility:

SBI has not explicitly stipulated any eligibility criteria for the card. However, they have a portal called Simplyfier to check which SBI credit card best suits your needs.

How to apply:

You can apply for the credit card online by clicking the Apply Now button or using their chatbot ELA. Alternatively, you can also dial their helpline at 39020202 (prefix STD code) or visit your nearest SBI branch and submit the required documents.

Customer Care:

SBI offers 24×7 customer care support to its credit cardholders. To report the loss of card or for any queries, you may dial their toll-free helpline number 1860 180 1290 or 1800 180 1290. Alternatively, you can also dial 39020202 (prefix STD code). You can also block your SBI credit card just by sending an SMS – BLOCK to 5676791.

Conclusion:

This co-branded credit card by SBI Cards offers quite a high reward rate on FABindia stores as every Rs. 100 spent on FABindia stores earns you 10 Reward Points. That being said, the reward rate on other purchases is also fairly decent as you earn a minimum of 2 Reward Points on all purchases made with the card. Considering the reward rate and other benefits that this card comes bundled with including a complimentary Priority Pass membership and 4 complimentary domestic airport lounge access (annually), it is safe to conclude that if you’re looking for a mid-level credit card, this one by SBI and FABindia can be the right pick for you. What do you think about this cobranded offering by SBI Cards? Do let us know in the comments. And if you’re an existing cardholder, don’t forget to share your experience.

FAQs:

The Reward Points are valid for a period of  2 years from the date of accrual.
The Reward Points can be converted into Fabfamily Rewards. 1 Reward Point = 1 Fabfamily Reward = Re. 1.
You get a complimentary Priority Pass membership for 24 months with this card. However, you need to pay for the lounge visits.
Yes, you do get 4 complimentary domestic airport lounge access annually (1 per quarter).
1% Fuel surcharge is waived for all transactions of up to Rs. 3,000. Maximum waiver is capped at Rs. 100 per payment cycle.
FABindia SBI Card SELECT

FABindia SBI Card SELECT

(3.7/5)

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