The Complete Guide to the SBI Aurum Credit Card

The Complete Guide to the SBI Aurum Credit Card
The Complete Guide to the SBI Aurum Credit Card

Introduction to SBI Aurum Credit Card

Are you looking for a credit card that can help you get the most out of your purchases? Then the SBI Aurum Credit Card could be the perfect choice for you. This card, designed to suit a variety of users and their needs, comes with features such as cashback rewards, reward points, free lounge access, and more.

The SBI Aurum Credit Card comes with an array of benefits that will make your life easier. With no annual fee and no extra charges on purchases or surcharges on international transactions, you can use this card to take advantage of all the available benefits without any fuss. Plus, it comes with up to 2 percent cashback on all your transactions.

In addition, this card provides access to exclusive discounts and bonus points at select merchant outlets. You also get complimentary access to select airport lounges so you can enjoy a comfortable and pleasant wait at the airport.

To top it off, you have benefits such as purchase protection up to INR 25000 in case your purchased items are damaged or stolen; free accident cover up to INR 1 crore; and lost card liability cover if your card is reported lost or stolen within 24 hours.

With so many incredible features rolled into one package, it’s no surprise that the SBI Aurum Credit Card is proving popular among Indian customers.

Benefits of the SBI Aurum Credit Card

The SBI Aurum Credit Card comes with some stellar features that make it stand out from the crowd. Here are just a few of the benefits you can enjoy when you take out an SBI Aurum Credit Card:

  • Rewards Program – Earn points every time you use your card, which can be redeemed for exciting rewards such as hotel stays, travel vouchers and more.
  • Discounts – Enjoy exclusive discounts at some of India’s top travel and lifestyle brands such as Yatra, Croma and Big Bazaar.
  • Zero Liability – Should your card be lost or stolen, you’re protected against any fraudulent charges with zero liability on your account.
  • Online Access – Get quick and easy access to your account information via the SBI App so that you can keep track of your spending and rewards points in real-time.

With so many fantastic perks, it’s no wonder why the SBI Aurum Credit Card is one of the country’s most popular credit cards!

Eligibility and Application Process for the SBI Aurum Credit Card

You’ve decided you want to apply for an SBI Aurum credit card, but are wondering what the eligibility and application process looks like? It’s not complicated—let’s explain it here.

Eligibility Requirements

The SBI Aurum card is available to existing SBI credit cardholders who have been using their cards for at least six months. You’ll also need to make sure you have a minimum monthly income of ₹12,000. Additionally, your credit score should be at least 750 or above.

Application Process

Applying for an SBI Aurum card is a breeze! All you need to do is:

  1. Log in to the internet banking portal or open the SBI Card mobile app using your user ID and password.
  2. Select the ‘Upgrade Now’ button from the dashboard, which will take you to the upgrade page.
  3. Choose “SBI Aurum Card” from the list of Preferred Credit Card Options and click on “Apply Now”.
  4. Fill out your application form with all the necessary information, submit it and wait for confirmation from the bank that your upgrade has been approved!

FAQs on the SBI Aurum Credit Card

You might be wondering if the SBI Aurum Credit Card is the right choice for you. To answer that question, here are some of the most frequently asked questions about this card.

What Are The Benefits?

The SBI Aurum Credit Card comes with lots of benefits, including rewards points on every purchase, exclusive discounts and offers, a welcome gift of up to Rs. 5,000 cashback, up to 10% discount on movie tickets and much more!

Is There Any Joining Fee?

Yes, there is a joining fee of Rs. 2,999 which you will have to pay when signing up for this card.

What Is The Maximum Credit Limit?

The maximum credit limit on the SBI Aurum Credit Card is Rs. 2 lakhs.

Is There Any Special Offers On Foreign Transactions?

Yes! If you use your SBI Aurum Credit Card for foreign transactions then you will get an additional reward points for every transaction!

What Are The Annual Maintenance Fees?

The annual maintenance fee for this card is Rs. 1,499 which can be waived off if you make at least one purchase of over Rs. 25,000 each year.

Tips on How to Make the Most of Your SBI Aurum Credit Card

When you have an SBI Aurum credit card, there’s much more to it than just swiping it at the store—you can make the most of your card by following these simple tips:

Capitalize on Rewards

The SBI Aurum card comes with a range of rewards and benefits, so make sure you take advantage of all of them. From exclusive discounts and cashbacks to special offers and travel packages, you can maximize your credit card usage and get the most bang for your buck.

Check Your Credit Limit

It’s important to check your credit limit when using your SBI Aurum credit card, as this will give you an idea of how much you can spend each month without incurring any fees or interest charges. This information can also help you stay in control of your spending and avoid overspending.

Pay On Time

Pay your bills on time each month to avoid incurring late fees or penalties. Making timely payments will also help to improve your credit score over time, which will make it easier for you to access better interest rates in the future.

Keep Track of Your Spending

The SBI Aurum card makes it easy for you to keep track of your spending with real-time tracking and notifications that alert you when purchases are made. This allows for greater financial transparency, so you can see exactly where and how much money is being spent and ensure that it does not exceed the amount available in your budget.

Cost and Fees Associated With the SBI Aurum Credit Card

When it comes to the SBI Aurum Credit Card, there are a few fees and costs to consider. Here is what you need to know.

Annual Fee

The annual fee for the SBI Aurum Credit Card is Rs. 10,000 plus applicable taxes and fees. This fee applies each year on the anniversary of card issuance and is non-refundable.

Renewal Fee

You will also have to pay a renewal fee depending on your annual spend. The renewal fee is based on the amount spent during the cardholder’s financial year:

  • Up to Rs. 5 Lakh: No renewal charge
  • Rs 5-10 Lakh: Rs 500 renewal charge
  • Above 10 Lakh: Rs 2,000 renewal charge

It’s important to note that if there are no transactions in the entire financial year, then the card will be marked as inactive and you will be required to pay the full annual fee of Rs 10,000 plus applicable taxes and fees.

Other Fees and Charges

Like most other credit cards, there are some other charges associated with using your SBI Aurum Credit Card including interest charges, cash advance fees, transaction conversion fees and more. Make sure you’re familiar with all applicable costs before you commit.

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