SBI Card, Google Pay Launch Co-Branded Credit Card With UPI-Linked Rupay Option

SBI Card, Google Pay Launch Co-Branded Credit Card With UPI-Linked Rupay Option

• Who: SBI Cards and Payment Services Ltd + Google Pay jointly launched 'Google Pay Flex SBI Card'.
• Network: Available on RuPay and Visa, RuPay variant supports UPI linkage for payments at UPI-enabled merchants.
• Rewards: Annual rewards upto Rs 18,000 on eligible spends groceries, utility bills, travel, shopping. Earn upto 8 Stars [1 Star = Rs 1] for every cumulative Rs 500 spent, redeem via Google Pay app or vouchers.
• Integration: Integrated with Google Pay app for apply, monitor spending, redeem, manage account digitally.
• Fee: Joining fee Rs 499 including taxes, also annual renewal fee. Renewal fee waiver on annual spends Rs 1 lakh. Can convert dues into EMIs.
• SBI Card: Launched Oct 1998, JV between SBI and GE Capital, HQ Gurugram, Haryana.
• UPSC Relevance: GS3 - Financial Inclusion, Digital Payments, UPI-RuPay linkage.