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▾SBI Bajaj Finserv Credit Card Review
Best for: People buying electronics, appliances and lifestyle products on EMI via Bajaj Finserv EMI network.
- 5× RP on Bajaj Finserv EMI transactions
- 0% EMI at 1,000+ partner stores
- Welcome vouchers on Bajaj Finserv spends
- Lower effective cost on big-ticket purchases
- Cheaper than standalone Finserv card
- Narrow to Bajaj Finserv partner ecosystem
- No lounge
- Forex 3.5%
- Useful only once or twice a year for most
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹999 + GST |
| Renewal fee | ₹999 + GST |
| Finance charge | 3.6% p.m. |
| Cash advance fee | 2.5% (min ₹500) |
| Forex markup | 3.5% |
| Late payment fee | Up to ₹1,300 |
Rewards structure
Bajaj Finserv EMI transactions earn 5 RP per ₹100 (5× base). Regular retail 1 RP per ₹100. Welcome voucher ₹1,000 on Bajaj Finserv EMI Network. No-cost EMI available at partner stores.
Key benefits
- 5× on Bajaj Finserv EMI transactions
- 0% interest EMI at 1,000+ stores (Croma, Reliance Digital, Vijay Sales)
- Welcome voucher ₹1,000
- Free add-on
- Flexible tenures 3-36 months
Who the SBI Bajaj Finserv is for
Planning a ₹50K-₹2L electronics or appliance purchase in year one. The combination of card cashback + 0% EMI saves 5-15% effectively on the purchase.
Final verdict
A one-purchase card. Use for a major Bajaj Finserv EMI purchase, then downgrade or park. Not a long-term primary.
FAQ
Is this a Bajaj-issued card?
No — SBI Card issues; Bajaj Finserv provides the EMI network partnership.
What is Bajaj Finserv EMI Network?
Bajaj's pre-approved EMI facility available at partner stores for consumer durables, electronics and lifestyle purchases.
Does 0% EMI mean truly free?
Usually — retailer pays a subvention fee. But processing charges of 1-3% may apply on the transaction. Read T&Cs.
Fees and features verified against the issuer's public website. Benefits may vary; always confirm current terms with the issuer before applying.