Tata Neu Plus SBI Credit Card
- Joining Fee
- ₹499 + GST
- Renewal Fee
- ₹499 + GST
- Forex Markup
- 3.5%
The Tata Neu Plus SBI Credit Card is one of the two co-branded offerings between SBI Card and Tata Neu, the other being the more premium Tata Neu Infinity Credit Card. This credit card is ideal for entry-level users who are looking for their first card. It comes with a low and affordable joining fee of just ₹499 + GST. For those who find this fee daunting, there’s good news: cardholders receive 499 NeuCoins as a welcome benefit, which effectively offsets the joining cost.
This card rewards users with up to 7% NeuCoins on purchases in select categories through Tata Neu. Additionally, cardholders can earn 1% NeuCoins on UPI transactions. From the attractive joining benefits to complimentary airport lounge access, this card offers a lot of value for a wide range of users. Keep reading to discover all the features this credit card has to offer.
Rewards and Benefits
- Rewards Rate
- 2% NeuCoins on Spends Made With Tata Neu and Partner Tata Brands. 1% Neu Coins on All Other Eligible Spends, Including UPI (RuPay Variant)
- Reward Redemption
- NeuCoins are Transferred to the Primary Cardholder's NeuPass Account. 1 NeuCoin = ₹1
- Movie & Dining
- N/A
- Travel
- N/A
- Golf
- N/A
- Domestic Lounge
- 1 Free Visit Each Quarter on Spends of ₹50,000 or More in the Previous Quarter
- International Lounge
- N/A
- Insurance Benefits
- N/A
Fees and Charges
- Joining Fee
- ₹499 + GST
- Renewal Fee
- ₹499 + GST
- Spend-Based Waiver
- Annual Fee Reversed on Spends of ₹1 Lakh
- Rewards Redemption Fee
- N/A
- Forex Markup
- 3.5%
- Interest Rates
- 3.75% Per Month (45% Annually)
- Fuel Surcharge Waiver
- 1% Waiver on Fuel Transactions Between ₹500 and ₹4,000
- Cash Advance Charges
- 2.5% or a Minimum of ₹500 (Whichever is Higher)
Product Details
- The Tata Neu Plus SBI Credit Card is most suited for spending on Tata brands.
- Tata Neu SBI Card is available on both Visa and RuPay. Applicants can choose the variant they wish to apply for.
- Earn 2% on Tata spends and an additional 5% on select categories via Tata Neu.
- This co-branded offering even offers spend-based airport lounge access.
Pros and Cons
Pros
- This is an ideal card for beginners and Tata loyalists as it comes at a reasonable joining fee and offers great rewards on everyday purchases via Tata Neu.
Cons
- With the Tata Neu Plus SBI Credit Card, users will only be able to access domestic airport lounges on spends of ₹50,000 in the previous quarter.
Up to 7% NeuCoins on Select Spends
- 2% value back on purchases made through the Tata Neu App/Website and partner Tata brands.
- An extra 5% value back on select category purchases made on the Tata Neu App/Website.
- 1% value back on other transactions, including UPI payments. This is applicable only to the RuPay variant.
1 NeuCoin = ₹1
Exclusions
No NeuCoins shall be earned on the following.
- Cash Advances
- Payment of Outstanding Balances
- Payment of Card Fees and Other Charges
- Flexipay
- Rental
- Government-Related Transactions
- Education Payments
Free Domestic Airport Lounge Access
The Tata Neu Plus SBI Credit Card offers one complimentary domestic lounge visit each quarter. This benefit shall be unlocked after making spends of ₹50,000 in the previous quarter. Those who frequently travel can utilize this feature to rejuvenate at the airport.
Bottom Line
The Tata Neu Plus SBI Credit Card is a great option for entry-level users and loyal customers of Tata. Those who frequently shop at Tata brands or regularly use the Tata Neu app for their groceries and other needs can save significantly on their spending. Additionally, the card offers one airport lounge access per quarter, which can be beneficial for occasional travelers.
Overall, this is a rewarding and affordable credit card for those who regularly shop at BigBasket, Tata 1mg, or any other Tata brand for their everyday needs.
Frequently Asked Questions
What are the annual charges associated with the Tata Neu Plus SBI Credit Card?
The Tata Neu Plus SBI Card comes at an annual charge of ₹499 + GST.
How much do I need to spend for free airport lounge access with the Tata Neu Plus SBI Credit Card?
Cardholders would need to spend ₹50,000 each quarter to be eligible for free domestic airport lounge access.
Reader Comments
1 comment · Join the discussion below
I am taking it because Ankur sir has recommended it, but I hope I will use it well, I am sure about that.