SBI Card launched a new co-branded credit card, the Reliance SBI Card, in collaboration with Reliance Retail on October 31, 2023.
The card is available on the RuPay network and offers a number of benefits to its holders, including:
- 5% cashback on all purchases at Reliance Retail stores, including Reliance Jewels, Reliance Mart, Ajio, and Trends.
- 2000 welcome bonus reward points upon activation of the card.
- 10% discount on fuel purchases at BPCL petrol pumps.
- 10% discount on movie tickets booked through BookMyShow.
- 10% discount on dining at select restaurants.
- Free access to airport lounges in India.
- No annual fee for the first year.
To apply for the Reliance SBI Card, customers can visit the SBI Card website or visit any Reliance Retail store.
The launch of the Reliance SBI Card is a significant development in the Indian credit card market, as it marks the entry of Reliance Retail into the co-branded credit card segment. The card is expected to be a popular choice among Reliance Retail customers, as it offers a number of attractive benefits, including exclusive discounts and cashback offers.
SBI Card is one of the leading credit card issuers in India, with a market share of over 15%. The company offers a wide range of credit cards to suit the needs of different customers, including travel cards, fuel cards, and lifestyle cards. SBI Card is also known for its innovative features and competitive interest rates.
Reliance Retail is a leading retailer in India, with over 10,000 stores across the country. The company offers a wide range of products, including groceries, electronics, apparel, and home appliances. Reliance Retail is also the operator of the popular JioMart e-commerce platform.
The launch of the Reliance SBI Card is a win-win for both companies. SBI Card will benefit from Reliance Retail’s large customer base, while Reliance Retail will be able to offer its customers a more competitive and rewarding shopping experience.