On Friday, SBI Cards & Payment Services, the payments arm of the State Bank of India (SBI), launched a contactless multi-purpose card in partnership with Delhi Metro that can function as a credit card as well as a metro smart card.
The unique combo credit card 'Delhi Metro SBI Card' has been thoughtfully designed for regular commuters on the Delhi Metro, SBI Card said in a release.
The Delhi Metro SBI Card is a multi-purpose card which functions as a credit card as well as a metro smart card, offering the convenience and safety associated with both in one card, the pure-play credit card company said.
Customers can apply for the combo card through the sales team present at metro stations as well as online through e-apply platform on SBI Card website at an annual fee of Rs 499, SBI Card said.
Customers can avail benefits such as 2,000 bonus reward points and Rs 50 cashback on first auto top-up transaction, 10 per cent discount on metro travel, and top-up of card for Rs 200 at an auto top-up thresh hold of Rs 100 as well as reward points on various purchases.
An auto reload feature on the card, wherein the card will be automatically topped up when the balance falls below a certain threshold, ensures an enhanced customer experience, the company said.
Customers can also avail benefit of 1 percent fuel surcharge waiver at all fuel stations, reversal of annual fee on spends of Rs 1 lakh and complimentary lost card insurance cover of Rs 50,000.