How useful is the IRCTC-SBI RuPay contactless credit card for secure and fast transactions

SBI Card and Indian Railway Catering and Tourism Corporation (IRCTC) in collaboration launched a co-branded card on RuPay platform for secure and fast transactions.The card is equipped with many never seen before features which acts as a great incentive for frequent railway travellers. For instance, on booking the train tickets of AC-1, AC-2, AC-3, AC and CC class with this card, 10% value will be available as back reward points. Meanwhile,  one reward point will be worth one rupee. These rewards points can be used by card holders to book tickets for free from IRCTC.  With the new IRCTC-SBI RuPay credit card, customers will be able to book tickets and do online shopping as well. For safe transactions, the IRCTC-SBI RuPay credit card is equipped with Near Field Communication (NFC) technology whereby the users can make transactions at POS machines by just tapping the card on the machines without requiring to swipe it.

Benefits of IRCTC-SBI RuPay credit card

Cardholders will receive up to 10% value back on 1st AC, 2nd AC, 3rd AC, Executive Chair Car, and AC Chair Car bookings made at the IRCTC website.  

The card offers an online transaction fee waiver (1% of the transaction amount), 1% fuel surcharge waiver, and 4 premium lounge free access at Railway stations in a year (one per quarter).  

Cardholders will receive 350 Bonus Reward Points upon activation of the card with a minimum spent.  

Users can redeem the accumulated reward points against the purchase of train tickets on IRCTC’s ticketing website.  

The IRCTC-SBI RuPay credit card offers several benefits for online shopping portals.  Customers can avail discounts while shopping at e-commerce sites.
 
Speaking about the new initiative, Rajnish Kumar, Chairman, State Bank of India, said, “The market of frequent rail travellers in India is vast and there is huge potential for credit cards catering exclusively to the needs of such travellers. IRCTC SBI Card, launched in 2006, is one of the best performing travel products from SBI Card. With the launch of this flagship product onto the indigenous RuPay network, a wider audience will be able to avail of the strong value proposition offered by the card. With this launch, SBI Card once again reaffirms its commitment to bring consumers secure, value added, cashless payment solutions.” 

Hardayal Prasad, MD & CEO, SBI Card, “IRCTC SBI Card is one of our flagship offerings and is the only credit card in partnership with IRCTC. We are pleased to partner with RuPay to extend the IRCTC SBI Platinum card on their platform. Packed with compelling benefits and targeted at a vast audience of frequent railway travellers, this card strengthens our portfolio on the RuPay platform.

Additionally for a better shopping experience to the customers RuPay is also offering 10 percent discount while shopping at Carlton, Aristocrat, VIP, Skybag and Caprese. RuPay Cardholders will also get upto Rs. 300 off on Myntra, 15 percent discount on Cuemath, 25 percent off on Bata, 10 percent off on ordering in train from Rail Recipe and 50 percent off on All Test Series by Adda247. An official tweet was also released announcing the launch of the Co-branded Contactless Credit Card on RuPay Platform by the Ministry of Railways. 

IRCTC & SBI Card have launched Co-branded Contactless Credit Card on RuPay Platform.

Designed to reward Railway passengers, card offers great savings proposition on their travel together with exclusive benefits on retail,dining & entertainment as well as transaction fee waivers. pic.twitter.com/Qd6OgUte5A

— Ministry of Railways (@RailMinIndia) August 27, 2020