State Bank Classic Debit Card

Review Summary

State Bank Classic Debit Card is a basic debit card. It offers SMS facility, reward points and is available in both VISA and MasterCard variants. You also earn 1 FreedomRewardz point for every Rs. 200 spent.

Annual fee: Rs. 100

In this Review

Features and details
Benefits of SBI Classic Debit Card
Cash Withdrawal and Transaction Limits
Fees and Charges
Drawbacks of the card
Reasons to sign up for the card
Similar cards: In case SBI Classic Debit Card fails to impress you!
State Bank Global International Debit Card Vs SBI Classic Debit Card
Final Word

SBI Classic Debit Card: Features and details

Issuance charges Nil
Annual fee Rs. 100
Daily cash withdrawal limit Rs. 40,000
Daily purchase limit RS. 50,000

Benefits of SBI Classic Debit Card

Rewards programme

With State Bank Classic Debit Card, you earn 1 FreedomRewardz point for every Rs. 200 spent. Hence, you can earn while shopping, dining, filling fuel or just by spending online. Further, you can also earn bonus points on the first three purchase transactions using your State Bank Classic Debit Card as under:

  1. You earn 50 bonus FreedomRewardz points on your first purchase transaction within completion of one calendar month of card issuance.
  2. You earn 50 additional bonus FreedomRewardz points on your first purchase transaction within completion of one calendar month of card issuance.
  3.  You earn 100 bonus FreedomRewardz points on your third purchase transaction within completion of one calendar month of card issuance.

Further, if you continue using your State Bank Classic Debit Card for at least three purchase transactions in a quarter, the points earned will be doubled. TheseFreedomRewardz Points earned can be redeemed for exciting gifts and vouchers.

SMS Alerts

You’ll receive SMS every time your account is credited or debited. With State Bank Classic Debit Card, you get instant SMS alerts for all cash withdrawal, purchase transactions, online transactions made on your State Bank Classic Debit Card.

Ease of access

You can use State Bank Classic Debit Card for shopping at over five lakh merchant outlets in India. You can use this card for booking movie tickets, making bill payments, travel and other online purchases and payments over the internet.

Cash Withdrawal & Transaction Limits

  1. Daily cash withdrawal limit: Rs. 40,000
  2. Daily purchase limit: Rs. 50,000

Fees and Charges

Annual fee

You won’t be paying any fee in the first year. Second year onwards, you’ll be levied Rs. 100 as the annual fee.

Transaction charges

Domestic transaction charges
  1. Transaction charges at SBI ATM’s: Nil
  2. Transactions charges at other bank ATM’s: If you are a savings account holder; then you won’t be charged till 5th transaction. After that; you’ll be charged Rs. 17 per financial transaction and Rs. 6 per non-financial transaction. If you are a current account holder, then you have to pay these charges from the first transaction itself.
International Transaction charges
  1. Balance enquiry fee: Rs. 17
  2. Cash withdrawal charges: Rs. 169

Fuel surcharges

  1. On SBI’s POS terminals: You’ll be charged 0.75% of transaction value for transactions up to Rs. 2,000 or Rs. 10 (whichever is higher). For transactions worth Rs. 2,000; you have to pay a surcharge of 1% of transaction value.
  2. On other bank’s POS terminals: You’ll be charged 2.5% of transaction value or Rs. 10 (whichever is higher).

Other fees and charges

Debit card replacement charges: Rs. 204

Regeneration of Pin: Rs. 51

Drawbacks of the State Bank Classic Debit Card

No fuel surcharge waiver

You won’t get fuel surcharge waiver with this debit card. If you want waivers or cashbacks, then this card is not for you.

No dining and entertainment benefits

State Bank Classic Debit Card does not offer entertainment and dining benefits. So if you are a movie buff or a foodie; then this card is not for you.

No travel benefits

State Bank Classic Debit Card does not provide travel privileges. It does not even provide complimentary access to airport lounges. Hence, if you want such benefits, you can look for other debit cards.

Reasons to sign up for the card

  1. FreedomRewards programme
  2. SMS Alerts

Similar cards: In case SBI Classic Debit Card fails to impress you!

State Bank Classic Debit Card is a basic debit card that offers average benefits. Apart from SMS alerts and rewards programme, you get no other benefit. You can go for this card if you just want to use it as ATM card; otherwise, you can look for some other debit cards which offer better benefits and charge almost same fees as that of State Bank Classic Debit Card.

State Bank Global International Debit Card Vs SBI Classic Debit Card

Higher purchase limit with State Bank Global International Debit Card

With State Bank Global International Debit Card, you can purchase upto Rs. 75,000 in a day. However, with SBI Classic Debit Card, you can only purchase upto Rs. 50,000.

Higher annual fees with State Bank Global International Debit Card

You have to pay Rs. 150 as the annual fee with State Bank Global International Debit Card.

Final Word

State Bank Classic Debit Card is a basic debit card that offers very few benefits. It offers SMS facility and reward points. It does not offer any other benefit which most of the debit cards offer. It does not offer insurance cover, entertainment and dining benefits, travel benefits or concierge services. This card can just be used as the ATM card. So if you think that this is the only purpose of having a debit card; then this card is perfect for you.