Tata Neu Plus SBI Credit Card Fees and Charges
| Category | Charges |
| Joining Fee | ₹499 + GST |
| Annual Fee | ₹499 + GST |
| Add-on Card Fee | Nil |
| Interest-Free Period | Up to 50 days |
| Finance Charges | Up to 3.75% per month (~45% p.a.) |
| Late Payment Fee | ₹0 – ₹1300 |
| Cash Advance Fee | 2.5% (min ₹500) |
| Cash Advance Interest | From day 1 |
| Foreign Currency Markup | ~2% – 3.5% |
| Overlimit Fee | ~2.5% or min ₹500 |
| Returned Payment Fee | ~₹350 |
| Cash Payment Fee | ₹250–₹500 |
| EMI Processing Fee | ₹99–₹199 + GST |
| Card Replacement Fee | ₹100–₹300 |
| Duplicate Statement Fee | ₹100 |
| Cheque Bounce / Auto-debit Failure | ₹350–₹450 |
| Fuel Surcharge | 1% |
Tata Neu Plus SBI Credit Card Pros and Cons
| Pros (Good) | Cons (Bad) |
| It has a low fee (₹499/year), so it is easy to start with. | You must spend ₹1 lakh/year to avoid this fee. |
| You get rewards (NeuCoins) when you shop, especially on Tata apps. | Rewards are mostly useful only on Tata apps, not everywhere. |
| You get up to 50 days to pay, so no interest if you pay on time. | If you don’t pay the full bill, the interest rate is very high (~45% annually). |
| You can use it for UPI payments, which is very convenient. | Some payments (rent, wallet, etc.) may have extra charges or no rewards. |
| Good for beginners as their first credit card. | Cash withdrawals are expensive (extra fees + interest). |
Tata Neu Plus SBI Credit Card Eligibility Criteria
These are the eligibility criteria that you need to match if you want to have this card
- Must be a resident of India.
- Only people aged between 21 and 70 can apply for the card.
- Both salaried and self-employed individuals can apply.
- To apply for this card, you need a regular and stable source of income.
- You should have a good credit score, because it will be reviewed by the bank.
- You need to provide valid identity, address, and income proof documents
Tata Neu Plus SBI Credit Card Benefits and features
These are the benefits and features with some extra privileges of the Tata Neu Plus SBI Credit Card
-
- 2% NeuCoins on spend:- You will get 2% back as NeuCoins when you spend on platforms like Tata Neu, BigBasket, and Croma. For example, if you spend around ₹1,000, you will get back ₹20 worth of NeuCoins, which you can use as money on Tata platforms.
- Annual Fee Reversal (₹1 lakh spend):- The annual fee of Tata Neu Plus SBI Credit Card is ₹499, and if you have spent ₹1,00,000 in one year, the bank will not charge this fee; it will be waived, so it mostly feels like free.
- 4 Domestic Airport Lounge Access:- With this card, you get the benefit of accessing airport lounges up to 4 times a year, if you meet the spending condition.
- Welcome Gift:- 15 days after paying the joining fee, you will receive NeuCoins worth ₹499, which you can later redeem on the Tata Neu app/website and other Tata partner brands.
- Reward Benefits:- You get 2% NeuCoins when you spend on Tata apps and Tata brands. You can get an extra 5% NeuCoins on some special categories. On all other spending, including UPI, you get 1% NeuCoins.
Each NeuCoin = ₹1, which you can use like money on Tata platforms.
- Fuel Surcharge Waiver: With this card, you don’t have to pay the 1% fuel surcharge when you fill up. This benefit applies to transactions of ₹500-₹4,000 at petrol pumps. However, the maximum you can save is ₹250 per billing cycle.
Tata Neu Plus SBI Credit Card Review
The Tata Neu Plus SBI Credit Card is a good, decent card for beginners, especially if you already shop fromTata apps like BigBasket, Croma, or Tata Neu. It gives you rewards in the form of NeuCoins, and the joining fee is low and can be waived if you spend ₹1,00,000 in a year.
However, the card has some drawbacks. The rewards are mostly useful only on Tata platforms, so if you don’t shop there, the value becomes limited. On normal spending, the reward rate is quite low compared to other cards. The lounge access also comes with spending conditions, so many people may not be able to use it. Like all credit cards, it also has high interest and extra charges if not used carefully.
Overall, this card is good if you are a regular Tata user, but for others, it is just an average card with limited benefits.
FAQs
What are NeuCoins?
NeuCoins are reward points. 1 NeuCoin is equal to ₹1, which can be used to shop on Tata apps and websites.”
Can I get lounge access for free?
Yes, with this card you get 4 domestic lounge access only if you have met the Spending Condition.
What is the membership fee of this Card?
The membership fee of this card is ₹499 and you can also waive your annual fee if you spend ₹1,00,000 in a year.
How can I use NeuCoins?
You can use NeuCoins while shopping on Tata apps and websites like Tata Neu, BigBasket, Croma, and Tata CliQ. When you make a payment, you will have the option to redeem NeuCoins, and the amount will be deducted from your total bill.