SBI and Tata Neu have launched two new co-branded credit cards today: the SBI Tata Neu Infinity Credit Card and the SBI Tata Neu Plus Credit Card.
Now, here’s the catch—we already have two Tata Neu co-branded credit cards with HDFC Bank, and these newly launched SBI cards seem to be just copy-paste versions of those. Seriously, if you compare the SBI Tata Neu cards with the HDFC Tata Neu cards side by side, you can hardly spot a difference—they're that identical!
Let’s get into the details and benefits of the SBI Tata Neu Infinity Credit Card first:
Fees:
Fees:
Welcome Benefit:
As I said earlier, these two credit cards are an exact copy of the HDFC Bank Tata Neu co-branded credit cards. So, if you already have an HDFC Tata Neu Card, you really don’t need these SBI versions.
Now, let’s talk about one major issue with SBI Cards. They give you discounts during sales (like Amazon Great Indian Festival, Flipkart Big Billion Days, etc.) and also offer reward points—which is completely normal and pretty much every bank does this in India.
But here's the problem—SBI Card deducts reward points from your credit card rewards account months after the actual transaction. And if you don’t have enough reward points in your account when they do this, they simply charge you money against the missing reward points!
We’ve filed multiple complaints with SBI Card, but honestly, they don't seem to care or even listen to their customers. At the very least, SBI should either not credit reward points initially if a discount is applied or deduct them within a reasonable time frame—say, within 30 days.
But nope, SBI Card continues doing this. This is one of the biggest reasons I always warn people—either avoid using SBI Cards during big sales or be prepared to get hit with extra charges months later.
Anyway, these two newly launched Tata Neu SBI Cards are decent on paper, but if you’re really looking for a Tata Neu co-branded credit card, go with the HDFC Bank ones. SBI Cards should be your last option—at least until they fix this long-pending issue with discounts and reward point reversals.
Now, here’s the catch—we already have two Tata Neu co-branded credit cards with HDFC Bank, and these newly launched SBI cards seem to be just copy-paste versions of those. Seriously, if you compare the SBI Tata Neu cards with the HDFC Tata Neu cards side by side, you can hardly spot a difference—they're that identical!
Let’s get into the details and benefits of the SBI Tata Neu Infinity Credit Card first:
SBI Tata Neu Infinity Credit Card
Fees:
- Joining Fee: ₹1,499 + GST
- Annual Fee: ₹1,499 + GST
- Annual Fees Waiver Condition: Spend ₹3,00,000 or more in a year, before your Credit Card renewal date and get your renewal fee waived off.
- 1,499 NeuCoins (1 NeuCoin = ₹1) credited to the cardholder’s Tata NeuPass account after the joining fee is paid.
Main Benefits:
- 8 complimentary domestic airport lounge accesses per year
(2 per quarter; applicable only if ₹75,000 is spent in the previous quarter) - Complimentary Priority Pass membership worth $99
- 4 complimentary international airport lounge accesses per year (outside India)
(1 per quarter, via Priority Pass) - 1% fuel surcharge waiver across all petrol pumps in India
(Valid on transactions from ₹500 to ₹4,000; max waiver of ₹500 per statement cycle) - Foreign Currency Mark-up: 1.99% on international transactions
Reward System:
- 5% value back as NeuCoins on Tata Neu App/Website and partner Tata brand spends
- Extra 5% value back as NeuCoins on select categories on Tata Neu App/Website
- 1.5% value back as NeuCoins on all other spends, including UPI transactions
- 1 NeuCoin = ₹1
Exclusion Categories – No NeuCoins Will Be Earned On:
- Fuel spends
- Wallet loads
- Rental payments
- Gift/prepaid card loads or voucher purchases
- Cash advances
- Payment of outstanding balances
- Payment of card fees and other charges
- EMI transactions
- Government-related transactions
- Education payments
NeuCoin Earning Cap per Month (on Specific Categories):
- Grocery: 2,000 NeuCoins
- Insurance: 2,000 NeuCoins
- Utility transactions: 2,000 NeuCoins
- Telecom and cable: 2,000 NeuCoins
- UPI spends (for RuPay variant): 500 NeuCoins
SBI Tata Neu Plus Credit Card
Fees:
- Joining Fee: ₹499 + GST
- Annual Fee: ₹499 + GST
- Annual Fees Waiver Condition: Spend ₹1,00,000 or more in a year, before your Credit Card renewal date and get your renewal fee waived off.
Welcome Benefit:
- 499 NeuCoins (1 NeuCoin = ₹1) credited to the cardholder’s Tata NeuPass account after the joining fee is paid.
Main Benefits:
- 4 complimentary domestic airport lounge accesses per year
(1 per quarter; applicable only if ₹50,000 is spent in the previous quarter) - 1% fuel surcharge waiver across all petrol pumps in India
(Valid on transactions from ₹500 to ₹4,000; max waiver of ₹250 per statement cycle)
Reward System:
- 2% value back as NeuCoins on Tata Neu App/Website and partner Tata brand spends
- Extra 5% value back as NeuCoins on select categories on Tata Neu App/Website
- 1% value back as NeuCoins on all other spends, including UPI transactions
- 1 NeuCoin = ₹1
Exclusion Categories – No NeuCoins Will Be Earned On:
- Fuel spends
- Wallet loads
- Rental payments
- Gift/prepaid card loads or voucher purchases
- Cash advances
- Payment of outstanding balances
- Payment of card fees and other charges
- EMI transactions
- Government-related transactions
- Education payments
NeuCoin Earning Cap per Month (on Specific Categories):
- Grocery: 1,000 NeuCoins
- Insurance: 2,000 NeuCoins
- Utility transactions: 2,000 NeuCoins
- Telecom and cable: 2,000 NeuCoins
- UPI spends (for RuPay variant): 500 NeuCoins
As I said earlier, these two credit cards are an exact copy of the HDFC Bank Tata Neu co-branded credit cards. So, if you already have an HDFC Tata Neu Card, you really don’t need these SBI versions.
Now, let’s talk about one major issue with SBI Cards. They give you discounts during sales (like Amazon Great Indian Festival, Flipkart Big Billion Days, etc.) and also offer reward points—which is completely normal and pretty much every bank does this in India.
But here's the problem—SBI Card deducts reward points from your credit card rewards account months after the actual transaction. And if you don’t have enough reward points in your account when they do this, they simply charge you money against the missing reward points!
We’ve filed multiple complaints with SBI Card, but honestly, they don't seem to care or even listen to their customers. At the very least, SBI should either not credit reward points initially if a discount is applied or deduct them within a reasonable time frame—say, within 30 days.
But nope, SBI Card continues doing this. This is one of the biggest reasons I always warn people—either avoid using SBI Cards during big sales or be prepared to get hit with extra charges months later.
Anyway, these two newly launched Tata Neu SBI Cards are decent on paper, but if you’re really looking for a Tata Neu co-branded credit card, go with the HDFC Bank ones. SBI Cards should be your last option—at least until they fix this long-pending issue with discounts and reward point reversals.
