SBI Card, India’s leading pure-play credit card issuer, has teamed up with Titan Company Limited, a prominent player in the jewellery, watches, eyewear, and ethnic wear sectors, to unveil the Titan SBI Card today. This one-of-a-kind shopping credit card is tailored to cater to consumers’ aspirational spending desires, offering accelerated benefits across various lifestyle categories. Packed with features such as cashbacks, Titan gift vouchers, and Reward Points, cardholders can enjoy exclusive benefits totaling over INR 2,00,000 annually. Enrollment for the card is available entirely through digital means via SBI Card SPRINT on the SBI Card website or at Titan stores.
Key highlights of the Titan SBI Card include:
Benefits on Titan Brands:
- Cashback Benefits:7.5% cashback on purchases from Titan, Taneira, Titan EyePlus, and other non-jewellery Titan brands (up to a maximum of INR 10,000 per quarter). 5% cashback on Mia, Caratlane, and Zoya purchases (up to a maximum of INR 10,000 per quarter).
- Gift Vouchers: Titan gift vouchers worth 3% of the spend value on Tanishq (up to a maximum of INR 25,000 per quarter, except on Golden Harvest Scheme transactions).
Annual Spends-based Milestone Benefits:
- Renewal fee waiver of INR 2,999 upon reaching INR 3 lakh spends milestone during a card membership year.
- Gift voucher worth INR 5,000 of any Titan brand upon reaching INR 5 lakh spends milestone.
- Gift voucher worth INR 10,000 of any Titan brand upon reaching INR 10 lakh spends milestone.
Welcome Gift:
- 12,000 Reward Points upon payment of the joining fee.
Travel Benefits:
- 8 complimentary domestic airport lounge visits in a year (maximum of 2 visits per quarter).
- 4 complimentary international airport lounge visits in a year (maximum of 2 visits per quarter).
Fuel Surcharge:
- 1% fuel surcharge waiver (valid for transactions ranging from Rs 500 to Rs 3,000, with a maximum surcharge waiver amount of Rs 100 per billing statement month per credit card account).
The Titan SBI Card, an industry-first co-brand card, provides carefully curated benefits on high-value spending categories such as jewellery, watches, and eyewear. Cardholders can avail of 7.5% cashback on purchases from Titan in the watches category, Taneira in women’s ethnic wear, Titan EyePlus in eyewear, and other non-jewellery Titan brands. This card, also the first of its kind in the jewellery sector, ensures that jewellery shopping becomes not only exciting but also rewarding for customers. Additionally, cardholders are eligible for 5% cashback when shopping at Mia, Caratlane, and Zoya, both offline and online. Furthermore, shopping at Tanishq earns cardholders Titan gift vouchers worth 3% of the spends.
Commenting on the launch, Mr. Abhijit Chakravorty, MD & CEO of SBI Card, stated, “There is a growing inclination among Indian consumers towards aspirational lifestyles and products. We are thrilled to introduce the Titan SBI Card, a specialized credit card that caters to the lifestyle spending needs of our customers. This launch is significant for us as it marks the beginning of our partnership with Titan, a key player in the premium retail sector. We hope our customers will appreciate this new addition to our already robust premium portfolio and leverage it to derive maximum benefits as they spend through it.”
Sharing his thoughts, Mr. C K Venkataraman, MD of Titan Company Limited, said, “India is on track to become the third-largest consumer market, with consumer spending growing year-on-year across the retail ecosystem. At Titan, we have witnessed a significant surge in demand from consumers across different segments. Our consistent growth across categories reflects the confidence consumers have in our value proposition. We are pleased to partner with SBI Card to launch this unique co-brand card, which will further enhance our consumers’ aspirations. Through this card, we aim to empower our customers by offering them exciting benefits while shopping across their favorite Titan brands. Furthermore, aligning with Titan’s commitment to society and eco-conscious initiatives, we are also happy to plant a tree for every approved card.”
Moreover, Titan SBI Card extends its benefits to customers beyond Titan’s ecosystem, including travel and lifestyle perks. Cardholders enjoy 8 complimentary visits to domestic airport lounges (with a maximum of 2 visits per quarter) and 4 complimentary visits to international airport lounges (with a maximum of 2 visits per quarter). Additionally, they earn 6 Reward Points on every INR 100 spent on non-Titan brands, encompassing dining and other e-commerce websites.
Titan SBI Card also offers various spend-based milestone benefits. Upon reaching an annual spend milestone of INR 3 lakh during a card membership year, cardholders qualify for spend-based fee reversal. Furthermore, upon crossing annual spend milestones of INR 5 lakh and INR 10 lakh, they are entitled to gift vouchers worth INR 5,000 and INR 10,000 respectively, redeemable at any Titan brand.
The joining and annual renewal fee for the card amounts to INR 2,999 plus applicable taxes. Available on both RuPay and VISA payment platforms, this contactless card reflects a commitment to eco-consciousness, as Titan Company Limited and SBI Card pledge to plant a tree for every approved card in collaboration with Grow-Trees.com.