Apply SBI Premium Debit Card – Benefits, Rewards, Features, Charges

Do you want to apply SBI Premium Debit Card?. Then you are on the right page. In the previous article, we have given complete details about ICICI Bank Manchester United Signature Credit Card. Through this article, we are going to provide the details like Benefits, Rewards, Features, Charges of SBI Premium Business Debit Card. People who are applying for SBI Premium Debit Card have to check the details like Eligibility, Required Documents, Benefits, Welcome gifts, Rewards, Features and Fee & Charges given by the SBI Premium.

Here you can check Issuance and Annual Maintenance Charges. Continue reading this article to get more information about SBI Premium Debit Card.

About SBI Premium Debit Card

EventsInformation
Card NameSBI Premium Debit Card
BankSBI Bank
Card TypeDebit Card
Debit Usage LimitDepends on your savings account balance
Cash Usage LimitRs. 2,00,000/- Per day (Varies from country to country, subject to a max. of foreign currency equivalent of the Domestic limit.)
Annual ChargesRs. 350/- + GST (from the 2nd year of issuance)
Reward PointsGet 50 Bonus reward points on 1st purchase transaction within the completion of 1 calendar month of issuance.

Get 50 bonus reward points on 2nd purchase transaction within the completion of 1 calendar month of issuance.

Earn 100 Bonus FreedomRewardz points on 3rd purchase transactions within the completion of 1 calendar month of issuance.

International UsageYes
Official WebsiteClick here

SBI launches the number of debit cards among them SBI Premium is a Business-oriented Debit Card. You will get easy access to cash at any ATM across India with a high transaction limit, which may fulfill all your money requirements. With this card, you can also get unlimited privileges like purchases securely online, cashless shopping, Booking movie tickets, travel, and other online purchases.

Card Name Age limit Eligibility 
SBI Premium Debit Card No age limit

An applicant needs to have savings account with minimum balance as per their Bank requirements.

Eligibility Criteria

To know about the eligibility of SBI Premium Debit Card, Check the below:

  • The applicant should be an Indian citizen.
  • There is no age limit for SBI Premium Debit Card.
  • An applicant needs to have a savings account in SBI Bank.

Required Documents

You have to submit the following documents while applying for SBI Premium Debit Card:

  • Filled Application form
  • Passport-sized photos.
  • Identity proof – Aadhar card & its copy
  • Resident Proof – Voter Card, Aadhar Card
  • PAN Card

How to Apply SBI Premium Debit Card – Application Process

To apply for SBI Premium Debit Card online – Click here

Application Process:

  • Visit the nearest SBI Bank to apply for SBI Premium Debit Card.
  • Fill the application form with necessary details such as Name, Phone number, City name, Address for contact, Email ID, etc.,
  • Attach the required documents.
  • Affix Photographs, Once check the details & Submit.
  • You will get your card within 15 days of applying.

Features and Benefits

  • SBI Premium earns 1 Freedom Reward point for every Rs. 200/- you shop, dine out, fill fuel, book travel & spend online.
  • Earn Bonus Points on the 1st three purchase transactions using your SBI Premium Debit Card.
  • Continue using your SBI Premium Debit Card for at least 3 purchase transactions in a quarter and triple your points earned for the quarter.
  • These Freedom Rewardz Points earned can be accumulated & redeemed for exciting gifts.

Welcome offer and Reward Points

Enjoy 50 Bonus FreedomRewardz points on first purchase transaction within the completion of one calendar month of issuance, 50 additional Bonus FreedomRewardz points on second purchase transaction within the completion of one calendar month of issuance and 100 additional Bonus FreedomRewardz points on third purchase transaction within completion of one calendar month of issuance.

Complimentary Insurance

The SBI Premium Debit Card MasterCard or Visa comes with complimentary Insurance Covers as follows:

  • Personal Accident Insurance (Death) – Non-Air
  • Personal Air Accidental Insurance (Death)
  • Family Transportation & Transportation of Mortal Remains
  • Checked-in Baggage Loss Cover
  • Purchase Protection Cover
  • Lost Card Liability Cover

Personal Accident Insurance (Death) – Non-Air: Cover amount is Rs. 5,00,000/-, available to Debit Cards which are active on any channel, viz, PoS/e-Com/ATM, during the last 90 days from the date of the accident.

Personal Air Accidental Insurance (Death): Cover amount is Rs. 10,00,000/-, available to Debit Cards which are active on any channel, viz, PoS/e-Com/ATM, during the last 90 days from the date of the accident, subject to a condition of the air ticket being purchased using the Debit Card.

Family Transportation & Transportation of Mortal Remains: Cover amount is up to Rs. 50,000/-. If this Personal Accident Insurance claim is accepted as a valid claim, then the expenses incurred in transporting 2 immediate family members to the hospital & the expenses incurred in transporting the mortal remains of the insured person from hospital to their residence, will be reimbursed as an additional benefit.

Checked-in Baggage Loss Cover: Cover amount is up to Rs. 25,000/-. Checked-in Baggage Loss Cover (in addition to the Cover available from the airline company) for lost baggage during air travel (Domestic & International) subject to a condition of the air ticket being purchased using the Debit Card.

Purchase Protection Cover: Cover amount is Rs. 50,000/-. Purchase Protection for theft and burglary up to 90 days from the date of purchase in respect of items purchased using Debit Card at PoS/e-Com

Lost Card Liability Cover: Cover amount is Rs. 2,00,000/-, available on Unauthorized use of Lost/Stolen Debit Card. Two days pre-reporting and Seven days post reporting (including the reporting day) claims are covered. Pin/OTP based transactions not covered.

Airport Lounge Access on SBI Premium Debit Card

SBI Premium Debit Cards are one of the select variants of the Cards having complimentary airport lounge access. The terms & conditions of these facilities are governed by particular Card networks (Visa/MasterCard).

Transaction Limit of SBI Premium Business Debit Card

TransactionsDomesticInternational
Daily Cash Limit at ATMsMaximum: Rs. 2,00,000/-Maximum: Varies from country to country, subject to a maximum of the foreign currency equivalent of the Domestic limit.
Daily PoS/ e-Commerce LimitMaximum: Rs. 5,00,000/-Maximum PoS Transaction Limit: Varies from country to country, subject to a maximum of foreign currency equivalent of Rs. 5,00,000/-

Maximum Online Transaction Limit: Maximum per transaction and per month limit of foreign currency equivalent of Rs. 50,000/-, available only at select international online websites.

Daily Cash Deposit Limit at CDM (Cash Deposit Machine)Maximum: Rs. 49,900/-Not applicable
Tracking Details

Get instant SMS alerts for all Cash withdrawal, Purchase transactions, Online transactions made on your SBI Premium Debit card.

Fee and Charges

  • Issuance Charges – Nil
  • Annual Maintenance Charges – Rs 350/- +GST
  • Card Replacement Charges – Rs 300/- +GST

SBI Premium Debit Card Review

  • Ratings of SBI Premium Debit Card is 3.8 out of 5.
Contact Details

State Bank Contact Centre,

P.O. Box No. 825,

Bangalore – 560 008

Tel: 1800 425 3800, 080-26599990

Email ID – [email protected]

Hope you may get the complete details of SBI Premium Debit Card like About SBI Premium Business Debit Card, Eligibility, Required Documents, Application process, Transaction Limit, Features, Benefits, Welcome Gift, Fee & Charges, SBI Premium Debit Card review and Contact details. Don’t forget to share this article with your friends.

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