Tata Neu Plus SBI Card
SBI
₹499
Joining fee
₹499, waived at ₹1L spend
Annual fee
Waived from year 2 onwards on Rs 1 lakh annual spending — not applicable in year 1.
3.5%
Forex markup
4.5 / 5
Rating
Eligibility
Estimated minimum income: ₹20,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Reward details
1% value-back on all other spends
- 2% value-back on Tata Neu App/partner brand spends
- additional 5% value-back on Select categories via Tata Neu App
- 1% value-back on UPI transactions (RuPay variant only)
Welcome bonus: 499 bonus NeuCoins (worth Rs 499) credited post fee payment
Category caps
- Grocery: 1,000 NeuCoins/month
- Insurance: 2,000 NeuCoins/month
- Utilities: 2,000 NeuCoins/month
- Telecom/cable: 2,000 NeuCoins/month
- UPI: 500 NeuCoins/month
Redemption
Redeemable 1:1, exclusively on Tata Neu app and partner brand websites/stores
Ratio: 1:1
Excluded from rewards: fuel purchases, wallet loads, vouchers, cash advances, balance payments, card fees, Flexipay, rent, government transactions, education payments
- 1% fuel surcharge waiver on Rs 500-4,000 transactions, capped Rs 250/month
Real-world feedback
Sourced from user reviews and comparison sites (aggregator/user-sourced), not confirmed by the bank.
Praise
- Low-fee credit card catering to multiple categories — Paisabazaar
- Up to 7% value-back as NeuCoins across diverse Tata Neu brands — Paisabazaar
- Easy fee waiver condition — Paisabazaar
- Activation benefits worth the joining fee — Paisabazaar
Complaints
- Brand benefits could be restricting for some users — Paisabazaar
- Limited redemption flexibility confined to the Tata ecosystem — Paisabazaar
- Lounge access tied to spending conditions rather than guaranteed — Paisabazaar
- No milestone or renewal benefits — Paisabazaar
Sources
- Official (not independently verified) — not separately fetched/verified in this pass — figures drawn entirely from aggregator
- Aggregator — fees, forex, lounge, rewards, sentiment