SBI Tata Neu Plus Credit Card: Unlock Rewards with Every Spend
Discover the SBI Tata Neu Plus Credit Card, a perfect blend of lifestyle benefits and rewarding experiences for modern Indian shoppers. Designed in collaboration with Tata Digital, this co-branded credit card offers up to 7% value-back in NeuCoins on Tata Neu ecosystem spends, making it an excellent choice for those who frequently shop at Tata brands like BigBasket, Croma, and Tanishq. With affordable fees, complimentary lounge access, and a seamless rewards program, this card caters to diverse spending needs. Read on to explore its features, benefits, eligibility, and how to maximize its value for your lifestyle!
Why Choose the SBI Tata Neu Plus Credit Card?
The SBI Tata Neu Plus Credit Card stands out in the entry-level segment with its low annual fee of Rs. 499 and a welcome bonus of 499 NeuCoins, effectively offsetting the first-year cost. It offers accelerated rewards across multiple categories, including groceries, travel, and fashion, within the Tata Neu ecosystem. Whether you're booking flights with Air India, shopping at Westside, or ordering from Tata 1MG, this card ensures you earn NeuCoins that can be redeemed seamlessly. Plus, features like contactless payments and fuel surcharge waivers add convenience to your everyday transactions.
Key Highlights of the Card
Earn 2% NeuCoins on non-EMI spends at Tata Neu and partner brands.
Get an additional 5% NeuCoins on select Tata Neu app/website transactions.
Enjoy 4 complimentary domestic lounge visits annually (1 per quarter, subject to Rs. 50,000 quarterly spends).
Benefit from a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000.
Low annual fee with easy waiver on spending Rs. 1 Lakh annually.
Who Should Get This Card?
This card is ideal for beginners and moderate spenders who frequently shop within the Tata Neu ecosystem. If you prefer a low-fee credit card with versatile rewards and occasional travel perks, the SBI Tata Neu Plus Credit Card is a great fit. Its RuPay variant also supports UPI transactions, enhancing savings on daily spends. Explore the detailed sub-sections below to learn more about its features, fees, eligibility, and application process.
General Information
The SBI Tata Neu Plus Credit Card is a co-branded card by SBI Card and Tata Digital, offering up to 7% NeuCoins on Tata Neu ecosystem spends. Ideal for shoppers at BigBasket, Croma, and Tanishq, it provides a low annual fee of Rs. 499, 4 complimentary domestic lounge visits, and a 1% fuel surcharge waiver. With contactless payments and UPI support, this card ensures convenience and rewards for everyday purchases. Perfect for beginners, it’s a versatile choice for maximizing savings within the Tata ecosystem.
Basic Details
Feature
Details
Card Image
Card Issuer
SBI Card
Joining Fee
Rs. 499 + GST
Renewal Fee
Rs. 499 + GST (Waived on annual spends of Rs. 1 Lakh)
Card Category
Lifestyle, Co-branded
Rewards
Up to 7% NeuCoins on Tata Neu spends
Airport Lounge
4 complimentary domestic visits/year (1 per quarter, on Rs. 50,000 quarterly spends)
Railway Lounge
Not available
Card Variants
Visa, RuPay
Extra Details
Contactless Payments: Enabled for fast and secure transactions up to Rs. 5,000 without PIN.
Add-on Cards: Available for family members above 18 years (parents, spouse, children, siblings).
Flexipay: Convert transactions of Rs. 2,500+ into EMIs within 30 days via sbicard.com.
Balance Transfer: Transfer other banks’ credit card balances to this card at lower interest rates.
Utility Bill Payments: Pay electricity, telephone, and mobile bills via Easy Bill Pay.
NeuCoins Validity: 365 days from the last eligible transaction.
Exclusions: No NeuCoins on fuel, wallet loads, voucher purchases, cash advances, or government transactions.
Features and Benefits
Welcome Benefit: 499 NeuCoins credited upon payment of joining fee.
Lounge Access: 4 domestic airport lounge visits per year (1 per quarter, subject to Rs. 50,000 quarterly spends).
Fuel Surcharge Waiver: 1% waiver on transactions between Rs. 500 and Rs. 4,000 (max Rs. 250/statement cycle).
Contactless Transactions: Wave and pay for quick, secure purchases.
UPI Support: RuPay variant allows seamless UPI transactions with 1% NeuCoins (capped at 500/month).
Multi-brand Rewards: Earn NeuCoins across Tata brands like BigBasket, Croma, and Tanishq.
Rewards and Cashback
2% NeuCoins: On non-EMI spends at Tata Neu app/website and partner brands (e.g., Air India, BigBasket, Croma).
Extra 5% NeuCoins: On select categories via Tata Neu app/website (requires NeuPass registration).
1% NeuCoins: On non-Tata brand spends and UPI transactions (capped at 500 NeuCoins/month for UPI).
The SBI Tata Neu Plus Credit Card is a solid entry-level option for Tata loyalists. Its low Rs. 499 fee, offset by 499 NeuCoins, makes it cost-effective. The 7% NeuCoins on Tata Neu spends and 4 domestic lounge visits add value for moderate spenders. However, rewards are limited to the Tata ecosystem, and lounge access requires Rs. 50,000 quarterly spends. Compared to the HDFC variant, it offers similar benefits but lacks international lounge access. Ideal for beginners who shop at BigBasket, Croma, or Tanishq regularly.
Disclaimer
The details provided about the SBI Tata Neu Plus Credit Card are for informational purposes only and may not be accurate or up-to-date. This is not the official website of SBI Card or Tata Digital. Please verify all information, including fees, rewards, and eligibility, on the official SBI Card website before applying. CreditCardPath.in is not responsible for any discrepancies or losses incurred.
This comprehensive guide helps you navigate India's credit card landscape with confidence. Learn how to choose the right card, understand fees and rewards, improve your credit score, and use credit cards wisely.
Accumulate points redeemable for free hotel stays, room upgrades, and other benefits.
Example: 10 points per ₹100, 5000 points = 1 free night
Maximizing Your Rewards
✓ Use the right card for each spending category (e.g., travel card for flights, cashback card for groceries)
✓ Take advantage of bonus categories that offer extra points/cashback
✓ Pay attention to reward caps and exclusions
✓ Combine cards to maximize different reward types
✓ Redeem points strategically for maximum value
✗ Avoid carrying balances as interest will negate rewards
Reward Calculator
Your estimated annual rewards: ₹0
Credit Card Fees & Charges
Understanding the various fees associated with credit cards helps avoid surprises and manage costs.
Common Credit Card Fees
Fee Type
Typical Charge
How to Avoid
Joining Fee
₹0-₹50,000
Look for lifetime free cards or first-year free offers
Annual Fee
₹0-₹50,000
Negotiate waiver, meet spend requirements, or downgrade
Interest Charges
24-49% p.a.
Pay full balance by due date every month
Late Payment Fee
₹100-₹1,000
Set up autopay or payment reminders
Cash Advance Fee
2.5-3.5% of amount
Avoid cash withdrawals on credit card
Foreign Transaction Fee
3-4% of transaction
Use cards with no forex markup for international spends
Fee Waiver Strategies
Annual fee waiver: Many banks waive fees if you spend a certain amount annually
Lifetime free cards: Several no-fee cards offer decent rewards
Negotiation: Call customer care to request fee waiver, especially if you're a good customer
Downgrade: Switch to a no-fee version of your card before annual fee is charged
Credit Card Eligibility Criteria
Each bank has specific requirements for approving credit cards based on income, credit score, and other factors.
General Eligibility Requirements
Income Requirements
Minimum annual income typically ranges from ₹1.5 lakh for basic cards to ₹18 lakh+ for premium cards.
Salaried vs self-employed may have different documentation requirements
Age Requirements
Most banks require applicants to be between 21-65 years old (18+ for student cards).
Some premium cards may have higher minimum age requirements
Credit Score
Generally need a score of 750+ for premium cards, 650+ for basic cards.
First-time applicants may get secured or low-limit cards
Employment Status
Salaried, self-employed, or students (with parental consent) can apply.
Some professions may get preferential treatment
Documents Required
Identity Proof: PAN card, Aadhaar, Passport, or Driver's License
Address Proof: Aadhaar, Utility bill, Rental agreement, or Passport
Income Proof: Salary slips (3-6 months), Bank statements, or IT returns
Photos: Usually 1-2 passport size photographs
Credit Card Application Process
Follow these steps to successfully apply for a credit card in India.
1
Check Your Eligibility
Review income, age, and credit score requirements
Compare cards that match your spending habits
Check if you're pre-approved for any cards (through net banking/apps)
2
Gather Required Documents
Identity proof (PAN card mandatory)
Address proof (not older than 3 months)
Income proof (salary slips/bank statements)
Passport size photographs
3
Choose Application Method
Online: Bank website, third-party aggregators
Offline: Bank branch, sales agents, or customer care
Pre-approved: Through existing banking relationship
4
Submit Application
Fill application form completely and accurately
Upload/attach required documents
Review terms and conditions carefully
Submit application and note reference number
5
Verification Process
Bank may call for verification
KYC may be done through video or in-person
Additional documents may be requested
6
Approval & Dispatch
Approval typically takes 3-7 working days
You'll receive SMS/email with approval details
Card is dispatched via courier (2-5 days)
7
Activation & First Use
Activate card via SMS, call, or net banking
Set PIN at ATM or through mobile banking
Make first transaction (some banks require this for activation)
Tips for Faster Approval
Apply with your primary bank where you have accounts/relationships
Ensure all information matches your official documents
Maintain a good credit score (750+)
Follow up politely if processing is delayed
Understanding Credit Scores
Your credit score is a crucial factor in credit card approvals and interest rates offered.
What is a Credit Score?
A 3-digit number (300-900) that represents your creditworthiness based on your credit history. In India, CIBIL is the most popular bureau, followed by Experian, Equifax, and CRIF High Mark.
750
300 (Poor)600 (Fair)750 (Good)900 (Excellent)
How Credit Scores Are Calculated
Payment History (35%): Timely payments boost score, late payments hurt
Credit Utilization (30%): Keep below 30% of total limit
Credit Age (15%): Longer credit history is better
Credit Mix (10%): Healthy mix of different credit types
New Credit (10%): Too many new applications can lower score
Improving Your Credit Score
Pay On Time
Set up autopay or reminders to never miss due dates.
Keep Utilization Low
Aim to use less than 30% of your total credit limit.
Limit New Applications
Space out credit applications by 6+ months.
Maintain Old Accounts
Don't close old credit cards as they help credit history length.
Be aware of these common credit card scams and protect yourself from fraud:
1. Phishing Calls/SMS
How it works: Scammers call/SMS pretending to be from your bank, asking for card details or OTP to "update records" or "unblock card".
Protection: Never share OTP, CVV, or PIN. Banks never ask for these details.
2. Fake Reward Points
How it works: You get messages saying you've earned reward points with a link to claim them, which is actually a phishing site.
Protection: Always check reward points through official bank apps/websites only.
3. Skimming Devices
How it works: Fraudsters install devices on ATMs/swipe machines to steal card data when you use them.
Protection: Use contactless payments or cover PIN pad when entering PIN. Check for tampering.
4. Fake Customer Care Numbers
How it works: Fraudsters list fake customer care numbers online that connect to them instead of the bank.
Protection: Always use customer care numbers from official bank cards/statements.
What to Do If Scammed
Immediately call bank's official customer care to block card
Change all online banking passwords
File complaint with bank and cyber crime police
Monitor statements for unauthorized transactions
Know the Credit Card Traps
These common traps can lead to debt if you're not careful:
1. Minimum Payment Trap
Paying only the minimum amount due (typically 5% of balance) leads to high interest charges that keep growing.
Solution: Always pay full balance by due date.
2. Reward Points Obsession
Spending more just to earn rewards often costs more than the rewards' value.
Solution: Use card for planned purchases only.
3. EMI Conversion Offers
Converting purchases to EMIs seems convenient but often has hidden charges and higher effective interest.
Solution: Read all terms before converting to EMI.
4. Free Credit Period Misunderstanding
Many think all purchases get 50-day interest-free period, but cash advances and some transactions don't qualify.
Solution: Understand your billing cycle and due dates.
5. Annual Fee Waiver Conditions
Some cards waive fees only if you spend a certain amount, which may tempt you to overspend.
Solution: Choose no-fee cards or negotiate waivers.
Think Before Spending
Responsible credit card use requires mindful spending habits:
Questions to Ask Before Every Purchase
Do I really need this or just want it?
Can I pay the full amount when the bill comes?
Is this purchase within my monthly budget?
Am I buying this just to earn reward points?
Would I buy this if I had to pay cash right now?
Smart Spending Strategies
Budget First
Set a monthly spending limit for your card based on your income and expenses.
Track Regularly
Check your spending weekly using bank apps to stay on track.
Use Alerts
Enable SMS/email alerts for all transactions to monitor spending.
Separate Needs/Wants
Use different cards for essential vs discretionary spending.
The 30-Day Rule
For non-essential purchases over ₹5,000, wait 30 days. If you still want/need it after 30 days, then buy it.
How You Can Make Money Through Credit Cards
Smart credit card use can actually help you earn money if done responsibly:
1. Sign-up Bonuses
Many cards offer cash bonuses or reward points when you spend a certain amount in the first few months.
Example: Spend ₹50,000 in first 3 months and get ₹5,000 cashback.
2. Reward Arbitrage
Use cards that give more points for specific categories and redeem for maximum value.
Example: Use travel card for flight bookings to earn miles worth more than cashback.
3. Referral Programs
Earn money by referring friends to apply for cards through your referral link.
Example: Some banks pay ₹1,000-5,000 per successful referral.
4. Reselling Gift Cards
Buy discounted gift cards using reward points and resell them for cash.
Note: Check bank policies as some prohibit this.
5. Flipping Products
Buy products during card-specific sales (with additional discounts) and resell.
Example: Buy electronics during 10% cashback offers and sell at 5% profit.
Important Warning
These methods require discipline. Never spend just to earn rewards or you'll lose more than you gain.
Always pay full balance on time to avoid interest charges that negate earnings.
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List of All Credit Cards Available in India
Discover a comprehensive list of credit cards available in India, featuring card names, issuers, types, and links for more information. Whether you're seeking cashback, travel rewards, or lifestyle benefits, find the ideal card to match your financial goals.
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