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What is a SBI Student Plus Advantage Credit Card?

**Disclaimer: SBI Student Plus Advantage Credit Card is not a Finserv MARKETS partner product. Offers would be from partner Banks/NBFCs only

The State Bank of India (SBI), a public sector bank, has come up with a unique credit card designed especially towards fulfilling the financial needs of students. The SBI Student Plus Advantage Credit Card can be availed by students who have already taken out a loan from the bank towards their education. Here’s everything you need to know more about the student credit card.

What is a SBI Student Plus Advantage Credit Card?

Since the Student Plus Advantage card from SBI is designed to make the lives of students easier, it comes with several advantages ranging from reward points on transactions to fuel benefits. Here’s a quick look at a few key benefits and features that you’re likely to enjoy. 

Flexipay

With the SBI Student Plus Advantage card, you can quickly and easily convert all your big-ticket purchases into smaller, more manageable credit card EMIs.

Balance Transfer Facility

If you own other credit cards with a higher rate of interest, you can use the balance transfer facility offered by the SBI Student Advantage Plus Credit Card. Using this feature, you can simply transfer outstanding balances of other credit cards to the Student Plus Advantage card at a lower rate of interest. 

Annual Fee Waiver

The annual fee of the SBI Student Plus Advantage card shall be completely waived off if you spend more than Rs. 35,000 in the previous year.

Fuel Benefits

You can also avail a waiver in the fuel surcharges to the tune of 2.5%, provided that the transaction value at fuel pumps is between Rs. 500 and Rs. 3,000.

Cash Withdrawal Benefits

This credit card offers a high cash withdrawal limit of up to 80% of the total SBI Student Plus Advantage Credit Card limit assigned to you. Also, you can withdraw cash from any one of the Visa and MasterCard ATMs spread across the world.

SBI Student Plus Advantage Credit Card Fees and Charges

Every credit card, including the SBI Student Plus Advantage card, comes with its own set of fees and charges. Therefore, it is very important to know what they are before deciding whether to apply for the card or not.

Fees and Charges

Amount

First Year Fees

Not Applicable

Renewal Fees

Rs. 500 (waived if the spending during the previous year exceed Rs. 35,000)

Finance Charges

2.25% per month

Annual Fees for Add-on Cards

Not Applicable

Fees for Cash Withdrawals

2.5% of the total cash withdrawn or Rs. 300, whichever is higher

Duplicate Statement Fees

Not Applicable

Card Replacement Fees

Rs. 100

Late Payment Fees

Ranges between Rs. 100 and Rs. 750, depending on the total unpaid outstanding amount on the card

Fee for Cheque Dishonour or Returns

2% of the payment amount or Rs. 350, whichever is higher

Overlimit Fee

2.5% of the amount over the limit or Rs. 500, whichever is higher

Foreign Currency Transaction Fees

3.50% of the total transaction amount

 

SBI Student Plus Advantage Credit Card Reward Points

In addition to the benefits explained above, the Student Plus Advantage card from SBI also comes with the ability to earn credit card reward points on certain transactions.

According to the terms and conditions of the card, you get to earn 10 cash points for every Rs. 100 that you spend. These reward points that you accumulate can then be redeemed to either pay the outstanding balance on your card or get gifts from the dedicated rewards catalogue.

Eligibility Criteria for the SBI Student Plus Advantage Credit Card

If you wish to make an SBI Student Plus Advantage card online application, there are certain criteria that you would have to first satisfy. The SBI Student Plus Advantage Credit Card eligibility criteria is as follows.

  1. The applicant must be an education loan customer of State Bank of India.

  2. The applicant must have a fixed deposit with the State Bank of India.

  3. The applicant must be 18 years of age or older.

Documents Required to Apply for the SBI Student Plus Advantage Card

Now that you’ve seen the SBI Student Advantage Plus credit card eligibility criteria, here’s a look at the list of documents that you would have to submit to apply for one.

  1. A copy of your identity proof - PAN, Aadhaar, Passport, Driving Licence, Voter’s ID

  2. A copy of your address proof - Aadhaar, Passport, Driving Licence, Electricity or Telephone Bill

  3. A copy of your education loan statement

  4. A copy of your fixed deposit receipt with SBI

  5. A passport size photograph

  6. A copy of your student ID card 

How to Apply for the SBI Student Plus Advantage Card?

If you satisfy the eligibility criteria and have all of the documents listed above with you, you can proceed to apply for the SBI Student Plus Advantage card. Since this credit card is not available on the Finserv MARKETS website, you would have to visit the website of SBI Card to make an application. The entire SBI Student Plus Advantage Credit Card application process can be done online.

Alternatively, you can also physically visit any one of the branches of SBI, fill in the SBI credit card application manually, attach all the necessary documents and submit the same to the bank officials as well.

How to reach the SBI Student Plus Advantage Credit Card customer care?

It is natural to have questions regarding the SBI Student Plus Advantage Credit Card limit or the features and benefits offered by it. No matter what your queries are, you can get them addressed by contacting the SBI credit card customer care of SBI Card at 1860 500 1290, 1860 180 1290, or 39 02 02 02 (with the local STD code prefixed). 

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FAQs on SBI Student Plus Advantage Credit Card

✔️What is the general review of the Student Plus Advantage SBI credit card?

The SBI Student Plus Advantage Credit Card has amazing reviews from students who have had the pleasure of using it. Thanks to its high cash withdrawal limit and accelerated reward points program for international transactions, it is highly advantageous for students studying abroad.

✔️How much is the maximum SBI Student Plus Advantage Credit Card limit?

The SBI Student Plus Advantage Credit Card limit is dependent on a multitude of different factors. To know yours, log into your SBI Card account or contact the customer care of SBI Card.

✔️ Can I make bill payments using SBI Student Plus Advantage Credit Card?

Of course. You can use your SBI Student Plus Advantage card to make utility bill payments and recharges without any hassles whatsoever.

✔️How to check the SBI Student Plus Advantage Card application status?

To quickly track the status of your SBI Student Plus Advantage card online application, all that you need to do is follow this link, and enter your application or reference number in the box at the bottom of the webpage, and click on the ‘Track’ button.