State Bank Pride Debit Card

Review Summary

State Bank Pride Debit Card is an EMV chip-based business debit card. It is available in both VISA and MasterCard variants and is packed with benefits like high transaction limits, SMS facility and complimentary insurance cover. You also earn 1 FreedomRewardz point for every Rs. 200 spent on purchases.

Annual fee: Rs. 300

In this Review

Features and details
Benefits of State Bank Pride 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 Pride Debit Card fails to impress you!
State Bank Premium Debit Card Vs State Bank Pride Debit Card
ICICI Bank Titanium Business Debit Card Vs State Bank Pride Debit Card
Final Word

State Bank Pride Debit Card: Features and details

Benefits of State Bank Pride Debit Card

Business benefits

You can use your State Bank Pride Debit Card for making payments online and paying business utility bills. You can also use this card for purchasing business essentials over the counter without the need for petty cash. There is no need of exchanging currency or carrying traveller’s cheque while you are travelling internationally.

High transaction limits

State Bank Pride Debit Card offers high transaction limits to suit your business needs. You can withdraw upto Rs. 1 lakh and make purchases upto Rs. 2 lakhs in a day. Also, it should be noted that you can only deposit upto Rs. 49,900 in a day.

Loyalty programme

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

1. You earn fifty bonus FreedomRewardz points on your first purchase transaction within completion of one calendar month of card issuance.
2. You earn fifty additional bonus FreedomRewardz points on your second purchase transaction within completion of one calendar month of card issuance.
3.  You earn hundred 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 Pride 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.

Complimentary insurance cover

If you are a State Bank Pride cardholder, then you’ll be provided with complimentary insurance cover (accidental death only) of Rs. 2 lakhs. You’ll also be provided with a purchase protection cover for theft and damage for Rs. 5,000. For this to claim, you have to inform the bank within 90 days of the date of purchase.

Expense management

With State Bank Pride Debit Card, you’ll get SMS alerts for all the debits and credits on your account. Hence, you’ll get notified every time you withdraw cash or do any kind of purchase transactions and online transactions made on your State Bank Pride Debit Card.

No joining fee

You don’t have to pay any fee for issuing State Bank Pride Debit Card. Hence you get all the benefits for free! You only have to pay an annual fee.

Secure transactions

Your State Bank Business Debit Card is an EMV Chip-based Card that ensures the highest level of security. Hence, you don’t need to worry about card frauds.

Cash Withdrawal & Transaction Limits

1. Cash withdrawal limit: Rs. 1 lakh
2. Purchase transaction limit: Rs. 2 lakh
3. Daily cash deposit limit at cash deposit machine: Rs. 49,900

Fees and Charges

Annual fee

You have to pay an annual fee of Rs. 300 plus service tax per annum from the second year of issuance of State Bank Pride 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).

Card replacement charges

You have to pay Rs. 204 as the card replacement fee with State Bank Pride Debit Card.

Drawbacks of the card

No fuel surcharge waiver

You won’t get fuel surcharge waiver with this debit card. So if need such benefits, you can look for some other debit card.

No entertainment and dining benefits

State Bank Pride Debit Card does not offer any movie benefit or dining privileges. So if you are a movie buff or a foodie, you should definitely look for some other bank’s card. State Bank Of India does not offer any such benefit in any of its debit cards.

No airport lounge access

You don’t have to worry about local currency transactions while you are travelling abroad with this debit card. Apart from this, this debit card offers no other travel benefits. You won’t even get complimentary access to airport lounges. So, if you want such benefits, you can look for other business debit cards.

No welcome benefits

There are no joining bonuses with this debit card. State Bank Pride Debit Card offers no gifts or vouchers for issuing.

Reasons to sign up for the card

1. High transaction limits
2. Loyalty rewards programme
3. Complimentary insurance cover
4. SMS facility
5. Safe and secure transactions

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

State Bank Pride Debit Card is a decent business debit card offering by SBI. It offers high transaction limits, insurance cover and SMS facility. You earn loyalty reward points as well. However, this debit card does not offer entertainment and dining privileges and travel benefits. Further, you won’t get fuel surcharge waiver with this debit card.

Following business debit cards charge less than State Bank Pride Debit Card but offer better and more benefits. So you can go for these debit cards also.

State Bank Premium Debit Card Vs State Bank Pride Debit Card

Better insurance coverage with State Bank Premium Debit Card

If you are a State Bank Premium cardholder, then you’ll be provided with complimentary insurance cover (accidental death only) of Rs. 5 lakhs. You’ll also be provided with a purchase protection cover for theft and damage for Rs. 50,000

Higher transaction limits with State Bank Premium Debit Card

State Bank Premium Debit Card offers high transaction limits to suit your business needs. You can withdraw upto Rs. 2 lakhs and make purchases upto Rs. 5 lakhs in a day.

For more information, you can read our State Bank Premium Debit Card Review

ICICI Bank Titanium Business Debit Card Vs State Bank Pride Debit Card

Less fees and charges with ICICI Bank Titanium Business Debit Card

You just have to pay Rs. 250 for ICICI Bank Titanium Business Debit Card. While with SBI, you have to pay Rs. 300 as the annual charges.

Fuel surcharge waiver with ICICI Bank Titanium Business Debit Card

You can use this debit card for your fuel needs as it offers fuel surcharge waiver at select government petrol pumps (IOCL/HPCL/BPCL) in India.

Better insurance cover with ICICI Bank Titanium Business Debit Card

With ICICI Bank Titanium Business Debit Card, you get following insurance covers:

1. Complimentary air accident insurance of Rs. 20 lakh
2. Complimentary personal accident insurance of Rs. 5 lakh
3. Purchase protection for goods purchased with the card for Rs. 1 lakh

While with State Bank of India, you just get an insurance cover of Rs. 2 lakh.

Dining benefits

You also get dining privileges with ICICI Bank Titanium Business Debit Card. You’ll get discounts on all partner restaurants with this debit card.

For more information, you can read our review of ICICI Bank Titanium Business Debit Card.

Final Word

State Bank Pride Debit Card is a business debit card that offers high transaction limits, insurance cover and SMS alerts for better tracking of expenses. You also earn 1 FreedomRewardz for every Rs. 200 sp0ent on purchase transactions. However, this business debit card does not offer any entertainment, dining or travel benefits. So if getting these benefits is your priority then you can look for other business debit cards. Otherwise, this debit card is just fine.