SBI IOCL (Global and Platinum) Contactless Debit Cards

SBI IOCL Contactless Debit Cards (Global and Platinum) - Review

SBI and IOCL (Indian Oil Corporation Limited) launched co-branded contactless rupay debit cards. These cards have been specially designed to earn reward points worth 0.75 percent against the purchase of fuel at IOCL retail outlets.

SBI IOCL Contactless Debit Cards (Global and Platinum) are contactless debit cards and you don’t need to enter debit card PIN on transaction upto INR 5000 at IOCL retail outlets and purchase of goods in the market.

SBI IOCL Contactless Debit Cards also comes in "RuPay" as well as "Visa" Debit Card.

In the following paragraphs we explained the brief details review of SBI IOCL Contactless Debit Cards (Global and Platinum):

What are the benefits of SBI IOCL Contactless Debit Cards (Global and Platinum)?

Zero issuance charges on Global debit card.
6 reward points on every INR 200 on purchase of fuel at IOCL retail outlets.
2 reward points on every INR 200 on purchase by POS/ECom/Online other than IOCL.
Redeem rewards points on spending for dining, movies, grocery and utility bills.
This is a contactless debit card with “tap and pay technology” and you all allowed contactless transactions upto Rs. 5000 at NFC (Near field communication) terminal on purchase. Above Rs.5000 you need to enter a debit card PIN.
Both cards can be used for International transactions upto INR 50000 per month. You can use it for shopping outlets, restaurants and Cash withdrawal at ATMs overseas.
Validity of card is 5 years from the date of issue.

Also Read: SBI International debit card (visa paywave / mastercard paypass)

What is the Limit of SBI IOCL Contactless Debit Cards?

SBI IOCL Global Contactless Debit Card - Limit

Transaction	Min.	Max.
Daily Cash withdrawal Limit at ATMs	INR 100	INR 40000
Daily PoS / Online / ECom Transaction Limit	No Limit	INR 75000
International Transactions: Maximum of USD equal to INR 50000 per month

SBI IOCL Platinum Contactless Debit Card - Limit

Transaction	Min.	Max.
Daily Cash withdrawal Limit at ATMs	INR 100	INR 40000
Daily PoS / Online / ECom Transaction Limit	No Limit	INR 200000
International Transactions: Maximum of USD equal to INR 50000 per month

Also Read: SBI BPCL Octane Credit Card Benefits & Charges – Review

What are the annual charges of SBI IOCL Contactless Debit Cards (Global and Platinum)?

Charges	Global Variant	Platinum Variant
Issuance Charges	NIL	INR 300 + GST
Annual Maintenance Charges	INR 125 + GST	INR 250 + GST
Card Replacement Charges	INR 300 + GST	INR 300 + GST

How to apply for the SBI IOCL Contactless Debit Card (Global and Platinum)?

You can apply for an SBI IOCL Contactless Debit Card by visiting your nearest SBI branch where your account has maintained. Your existing debit card will also be active. You can use two debit cards for your account with SBI.

Also Read: How to Block the SBI ATM Card Online?

What are the reward points of SBI IOCL Contactless Debit Card (Global and Platinum)?

Transaction	Reward Point
At IOCL Outlets	6 point on every INR 200 spent
At any POS/ECom/Online	2 point on every INR 200 spent
Value of 1 Reward Point = INR 0.25

How to redeem reward points of SBI IOCL Contactless Debit Card (Global and Platinum)?

Your earned rewards points can be redeemed on spending for dining, movies, utility bills and grocery etc.

Conclusion

SBI IOCL Contactless Debit Cards (Global and Platinum) are the best debit cards for earned reward points on every purchase. You can aslo apply for "Rupay" or "Visa" Debit Card. It is a contactless debit card and you don’t need to enter a debit card PIN during purchase of fuel at IOCL outlets and purchase of goods in the market. Its annual charges are very low also.

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SBI IOCL (Global and Platinum) Contactless Debit Cards - Review