SBI offers a lot of credit cards and all of them have various offers and deals. Recently, the State Bank of India has launched a new card in the collaboration with Fab India known as the FabIndia SBI Card. This credit card has a lot of features and it can help you to earn thousands of reward points. You can earn gift vouchers from some top brands on achieving the milestone and even Fabindia gift vouchers. The fee of this card will also be waived off if you spend ₹1 lac from this credit card. There are many more benefits you can avail of on this card so let’s move on to them.
Credit Card
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
Features and Benefits of FabIndia SBI Credit Card
You have the opportunity to save a lot of money through this credit card and enjoy a high credit limit on it. So, you must take a look at the features of this card.
Welcome Offer
- Get a Fabindia Gift Voucher of ₹500 as a welcome benefit.
- Enjoy direct access to the Gold Tier membership of Fab Family.
- The welcome benefits will be credited to the account within 15 days from the date of card issuance.
Milestone Offer
- On reaching the milestone of ₹1 Lac per quarter you will earn a gift voucher of ₹750 of the top brands.
- You are free to choose the gift voucher among some popular brands like Hush Puppies, Bata, urban Ladder, Yatra, or Aditya Birla Fashion.
Reward Point Benefits
- Earn 5 Reward Points on spending ₹100 at the Fabindia Stores.
- Get 2 Reward Points on spending ₹100 on movies, dining, and entertainment.
- Earn 1 Reward Points on spending ₹100 on international transactions.
Fuel Surcharge Waiver
- Get a Fuel Surcharge Waiver of 1% across all the petrol refilling stations in India.
- The maximum Fuel Surcharge waiver allowed in a month is ₹100 on the Fab India SBI Card.
- The maximum transaction amount for the waiver is ₹3000.
Reward Point Redemption
- Reward Points earned from the Fab Family are only redeemable at the Fabindia Stores through shopping.
- The reward points can be redeemed in the multiple of 100, 200, and 500 points.
- You can also redeem the SBI Credit Card Reward Points on the official shopping website of SBI after making the SBI Credit Card Login.
Other Features of the FabIndia SBI Card
Round the Clock Cash Availability– This credit card allows you to withdraw cash from any VISA ATM present worldwide. There are more than 1 million Visa ATMs worldwide from where you can enjoy the 24X7 cash availability.
Balance Transfer– You can do a balance transfer from this card on another credit card. Visa cards usually have the balance transfer in just 3 days and the non-visa cards might take 5-7 working days. But remember the minimum amount of the balance transfer must be ₹5000 with a maximum of 75% of the credit card limit.
Worldwide Acceptance– Fab India SBI Card is universally accepted all over the world. There are more than 24 million outlets across the world where you can use this card from which ₹3.25 Lacs outlets are present in India where this SBI credit card can be used.
Add-on Cards Facility– There are no extra charges for taking an Add-on card for your loved ones. You can easily apply for an Add-on Card for your siblings, parents, children, and spouse but the minimum age required for the add-on cardholder is above 18 years.
FabIndia SBI Credit Card Fees and Payment Options
Late Payment Fees Charges
FabIndia SBI Credit Card Limit
There is no fixed limit for this credit card. The Credit Limit wholly depends on the Credit Score of the applicant and his income. If the applicant has a high credit score and a high income then there are higher chances of getting a high credit limit on this credit card. Make sure that you have a Cibil Score of 750 and above to get quick approval from the bank.
FabIndia SBI Card Payment Options
It will be easy for you to make the SBI Credit Card Payment online because it will be convenient for you. You can make use of the SBI Net Banking or the Mobile Application to make the payment of your credit card bill. On the other hand, you can make an NEFT to pay your credit card bills if you have another bank account and even pay through the bill desk.