State Bank Platinum International Debit Card

State Bank Platinum International Debit Card is a premier card. It offers high transaction limits and attractive insurance cover. You also earn 1 State Bank Rewardz point for every Rs. 200 spent on your purchases.

Issuance fee: Rs. 306
Annual fee: Rs. 200

Contents

Features and details
Benefits of State Bank Platinum International 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 State Bank Platinum International Debit Card fails to impress you!
HSBC Advance Platinum Debit Card Vs State Bank Platinum International Debit Card
IDBI Bank Platinum Debit Card Vs State Bank Platinum International Debit Card
Final Word

State Bank Platinum International Debit Card: Features and details

Issuance feeRs. 306
Annual feeRs. 200
Daily cash withdrawal limitRs. 1,00,000
Daily purchase limitRs. 2,00,000
Card replacement chargesRs. 204

Benefits of State Bank Platinum International Debit Card

High transaction limits

With State Bank Platinum International Debit Card, you get high transaction limits. You can withdraw cash upto Rs. 1,00,000 and make purchases upto Rs. 2,00,000. The international limits with State Bank Platinum International Debit Card varies from country to country. However, it is subjected to a maximum of foreign currency equivalent of Rs. 1,00,000 in case of cash withdrawal and Rs. 2,00,000 in case of daily purchases.

State Bank Rewards Programme

You can earn 1 FreedomRewardz point for every Rs. 200 spent with State Bank Platinum International Debit Card. You can redeem these reward points against shopping, gifts, experiences, travel, recharge and entertainment. FreedomRewardz offers occasional discounts as well. You can even buy any product using the combination of your debit card and reward points.

Bonus Rewards

With State Bank Platinum International Debit Card, you earn State Bank Rewardz bonus points when you make first three purchase transactions. You earn fifty State Bank Rewardz bonus points on your first and second purchase transactions; provided that these transactions are within completion of one calendar month of issuance of your debit card.

If you make your third purchase transaction within one calendar month using this debit card; you will earn 100 State Bank Rewardz bonus points. Use your State Bank Platinum International Debit Card for minimum three purchase transactions and your reward points earned will be tripled.

Complimentary insurance cover

With State Bank Platinum International Debit Card, you get complimentary accidental insurance for accidental death only of Rs. 5 lakhs. You also get a purchase protection cover of Rs. 50,000. Hence you are protected against any loss due to accident or theft and burglary. However, in case of purchase protection, you should report the loss within 90 days of purchase. It is advised that you go through the procedure of claims and the terms before applying for both accident insurance and purchase protection.

Cash Withdrawal & Transaction Limits

  1.  Daily cash withdrawal limit: Rs. 1,00,000
  2. Daily purchase limit: Rs. 2,00,000

Fees and Charges

Issuance fee

You’ll be charged Rs. 306 for issuing State Bank Platinum International Debit Card.

Annual fee

You have to pay Rs. 200 as the annual fee for State Bank Platinum International Debit Card.

Transaction charges

Domestic transaction charges
  1. Transaction charges at SBI ATM’s: Nil
  2. Transactions charges at other banks 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. 200

Regeneration of Pin: Rs. 51

Drawbacks of the card

No dining and entertainment benefits

You won’t get any dining privileges or entertainment benefits with State Bank Platinum International Debit Card. There are no discounts or cashbacks. So, if you are a movie buff or a foodie; then this debit card is definitely not for you!

No surcharge waiver

There are no surcharge waivers with State Bank Platinum International Debit Card. So, if you use this card for fuel purchase; you’ll be levied a surcharge. If you don’t want to pay for any surcharges; you can have those cards which offer fuel surcharge waiver.

No travel benefits

You won’t get any travel benefits with State Bank Platinum International Debit Card. This debit card does not even provide complimentary airport lounge access.

Reasons to sign up for the card

  1. Rewards programme
  2. Insurance cover
  3. High transaction limits

Similar cards: In case State Bank Platinum International Debit Card fails to impress you!

State Bank Platinum International Debit Card is a decent card for high-end customers. It offers attractive transaction limits, insurance cover and reward points on your purchases. However, it does not provide you with any benefits or privileges that other platinum debit cards offer. It does not provide fuel surcharge waiver, concierge services or any dining privileges. Following two cards charge similar fees but offer slightly better benefits. So you can go for these cards according to your convenience, or go with State Bank Platinum International Debit Card.

Final Word

State Bank Platinum International Debit Card is a premium card. It offers benefits like high transaction limits, reward points and insurance cover. However, it always less benefits when compared to other platinum debit cards. So, if you want dining benefits, travel and entertainment benefits, or fuel surcharge waiver along with high transaction limits and insurance coverage; you can look for other debit cards. Otherwise, this debit card is just fine.

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