Types of SBI Debit Cards and Their Eligibility

Types of SBI Debit Cards and Their Eligibility

State Bank of India which prides itself as the ‘Banker to Every Indian,’ is known to offer a wide variety of Debit Cards, designed to fulfil the needs of all customers alike. Not surprisingly, millions of Indians today use one or the other of the bank’s Debit Cards. And, why not? After all, which other bank can claim to have over 1 Lakh ATMs and POS terminals across the globe!

Moreover, SBI Debit Card users are entitled to 5 free ATM transactions per month in addition to benefits like SMS Updates, SBI Rewardz, discounts, and insurance amongst others.

Types of SBI Debit Cards

SBI Debit Cards are offered in various categories, each of which is specially designed to meet the needs of a wide base of bank’s customers. Let us take a quick look at the different types of Debit Cards offered by SBI, while also glancing upon the eligibility criteria for each one of them.

  • SBI My Card International Debit Card

    As the name suggests, this card is a gloabl card. It can be conveniently used at over 30 million merchant outlets across the globe, for making online and offline purchases, such as booking movie tickets, paying bills, reserving travel tickets, and more. Besides, the card can also be used for withdrawing cash from SBI or any other ATM, which entertain MasterCard, Maestro, and Visa cardholders.

    The card allows for a maximum withdrawal of foreign currency equivalent to Rs. 40,000 in a day, while it entitles the user to make POS or online purchases worth Rs. 75,000 in a day. However, the maximum limit per transaction is capped at Rs. 50,000 (at select websites).

    The card is offered at an issuance charge of Rs. 250 + GST, while the annual maintenance charge of Rs. 175 + GST is levied from the second year onwards.

    SBI Debit Card Eligibility Criteria

    You should be between 21 and 60 years of age, and place a request with the bank to issue an international Debit Card.

  • State Bank of India Classic Debit Card

    The SBI Classic Debit Card is one of the most popular offerings of the bank, owing to the fact that it can be conveniently used to make online purchases, payments at POS terminals, and cash withdrawals.

    The card entitles the user to withdraw up to Rs. 20,000 in a day through any SBI ATM. The user can also use the card to make payment of up to Rs. 50,000 at any POS terminal or e-commerce portal.

    The card entitles the user to earn Freedom Rewardz Points every time they make a transaction. For instance, on making the 1st purchase using the card within 30 days of issuance, the user earns 50 points. Besides, they earn 100 points on making the 3rd purchase within those 30 days. After this, the user earns 1 Freedom Rewardz Point on every Rs. 200 spent using the card. On using the card at least thrice in a given quarter, the user can double the Freedom Rewardz points.

Eligibility Criteria

In order to enjoy this card, the user must have an SBI Account and must be between 21 and 60 years of age.

  • State Bank Global International Debit Card

    SBI Global International Debit Card can be conveniently obtained, without any issuance charges. However, you are required to pay an annual maintenance charge of Rs. 175 + GST.

    As is the case with other Debit Cards, even this card enables the user to make purchases online and at POS terminals, while also allowing them to withdraw money from ATMs across the world, as and when required.

    Using the card, the user can withdraw up to Rs. 40,000 domestically or internationally. As far as daily transaction limit is concerned, there is no cap on domestic purchases. However, on international purchases, the POS transaction limit is Rs. 75,000 while online transactions are capped at a maximum of (or the equivalent of) Rs. 50,000, per month per transaction.

    The card can also be used to earn Freedom Rewardz Points every time a user does a transaction. For instance, on making the 1st purchase using the card within 30 days of issuance, the user earns 50 points, whereas they earn 100 points on making the 3rd purchase within those 30 days. After this, the user earns 1 Freedom Rewardz Point on every Rs. 200 spent using the card. On using the card at least thrice in a given quarter, the user can double the Freedom Rewardz points.

    In case of loss of card, you can get the card replaced for Rs.300+GST.

Eligibility Criteria

In order to enjoy this card, you should be between 21 and 60 years of age, and place a request with the bank to issue you an international Debit Card.

  • State Bank Silver International Debit Card

    SBI Silver International Debit Card is yet another offering of State Bank of India, which has a humongous customer base, thanks to the convenience it offers. The card can be used to make online purchases, pay at POS terminals, and withdraw cash in India and abroad. While one can withdraw up to Rs. 40,000 domestically, the international daily withdrawal limit is set at $1,500, for online purchases,

    The card can also be used to earn Freedom Rewardz Points every time a user makes a transaction. For instance, on making the 1st purchase using the card within 30 days of issuance, the user earns 50 points, whereas they earn 100 points on making the 3rd purchase within those 30 days. After this, the user earns 1 Freedom Rewardz Point on every Rs. 200 spent using the card. On using the card at least thrice in a given quarter, the user can double the Freedom Rewardz points.

Eligibility Criteria

You should be between 21 and 60 years of age, and place a request with the bank to issue you an international debit card.

  • State Bank Gold International Debit Card

    While all other aspects of this card are similar to SBI Silver International Debit Card, it entitles the user to higher cash withdrawal and transaction limit. The daily cash withdrawal limit which can be enjoyed using this card is Rs. 50,000 (domestic and international). On the other hand, transaction limit at POS terminal is Rs. 2 Lakh, and that for online payments is Rs 50,000.

    Moreover, the SBI Gold International Debit Card entitles the user to enjoy accidental death insurance of up to Rs. 2 Lakh, as well as a purchase protection insurance of Rs. 5,000.

    Eligibility Criteria

    In order to get this card, you should be between 21 and 60 years of age, and place a request with the bank to issue you an international debit card.

  • State Bank Platinum International Debit Card

    SBI Platinum International Debit Card can be obtained for an issuance charge of Rs. 300+GST, after which one needs to pay Rs. 250 + GST as annual maintenance charge from the second year onwards.

    The benefits offered by this card, are almost similar to that of SBI Silver International Debit Card, except for the fact that the reward points are tripled if one conducts at least 3 transactions in a quarter using the card.

    In addition, the SBI Platinum International Debit Card entitles the user to enjoy Personal Death Insurance of up to Rs. 5 Lakh, as well as a purchase protection insurance of Rs. 50,000. The card also offers other insurance covers such as – Personal Air Accident Insurance of Rs. 10 Lakh, Family Transportation (including mortal remains) of up to Rs. 50,000, Baggage Loss of up to Rs. 25,000, Purchase Protection of up to Rs. 50,000, Lost Card Liability Cover of up to Rs. 2 Lakh.

Eligibility Criteria

Same as others. You need to be between 21 to 60 years of age, and place a formal request with the bank for an international Debit Card.

 

Also Read: Do I Need a Card Protection Plan for my Debit/ Credit Card?

 

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