Banking News

Reliance SBI card: Reliance & SBI Card tie-up to launch lifestyle-focused credit card

SBI Card has tied up with Reliance Retail to launch the Reliance SBI Card credit card, giving customers who shop at its retail outlets access to rewards and benefits, the company said in a statement on Tuesday.

Customers shopping at Reliance Retail’s fashion & lifestyle, grocery, consumer electronics, pharma, furniture, and jewellery, among others, will get rewards and benefits by using the Reliance SBI Card. The company in its statement said that the card is made out of recycled plastic and has been introduced on the RuPay platform.

“At Reliance Retail, we are always looking for new ways to delight our customers by making their shopping experience more enjoyable every day. Our co-branded credit card with SBI Card is one more step towards this commitment. We are excited to partner with SBI Card, a leader in the card industry, to offer Reliance SBI Card with a wide range of benefits, exclusive discounts and rewards for shopping with us online and at all our stores,” said V Subramaniam, Director, Reliance Retail Limited.

ET Online

In addition, users of the co-branded credit card can also avail of the offers provided by SBI Card on an ongoing basis. The card has been launched in two variants, namely Reliance SBI Card and Reliance SBI Card PRIME. Annual renewal fee of Reliance SBI Card PRIME is Rs 2,999 excluding taxes while Reliance SBI Card’s renewal fee is Rs 499 plus taxes. Should the customers spend over Rs 3 lakh using the PRIME variant and Rs 1 lakh using the Reliance SBI Card, the renewal fee gets waived.

“At SBI Card, we have always believed in delivering products to our customers that offer strong value while addressing their lifestyle needs. Reliance SBI Card has been developed as a holistic product that is relevant for major 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,” said Abhijit Chakravorty, MD & CEO, SBI Card.

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