Understanding the Limit of Platinum Debit Card

Platinum debit cards have a daily spending limit, which varies depending on the bank and the card issuer. This limit is typically around $5,000 to $10,000.

The spending limit on a platinum debit card is often higher than on a standard debit card, but it's still not unlimited. You can't spend more than you have in your account, regardless of the card's limit.

For example, if you have a platinum debit card with a $10,000 limit and you only have $5,000 in your account, you can only spend up to $5,000.

To get a Federal Bank VISA Platinum Debit Card, you'll need to meet certain eligibility criteria.

You can qualify for the card if you have a Minimum Average Quarterly Balance of Rs.5 Lacs in your CD/ SB account and hold Term Deposits worth Rs.5 Lacs.

Alternatively, you can also be eligible if you have a Minimum Average Quarterly Balance of Rs.10 Lacs in your CD/ SB account.

To give you a clearer idea of the requirements, here's a summary of the eligibility criteria:

The SBI International Platinum Debit Card offers a daily cash withdrawal limit of up to Rs.1,00,000 at ATMs.

You can also make online transactions up to Rs.2 lakh per day, and point of sales transactions up to Rs.2 lakh per day, both within India and abroad.

The card comes with airport lounge access, allowing you to relax and unwind during your travels.

Here's a summary of the card's daily transaction limits:

You can also earn 2 State Bank Rewardz points for every Rs.200 spent on your card, and double points on your birthday month.

Cashback points on the SBI International Platinum Debit Card are a great way to earn rewards on your purchases. You can earn 1 Cashback point on every ₹ 100 spent on Telecom, Utilities, and 1 Cashback point on every ₹ 200 spent on Groceries, Supermarket, Restaurant, Apparels & Entertainment.

The maximum cap for Cashback points is ₹ 750 per account per month. This means you can earn up to ₹ 750 in Cashback points within a month, but no more.

Cashback points are only earned on eligible Merchant Category Codes (MCC). These MCCs are categorized by the nature of business by card Networks (Visa/ Mastercard).

Here's a breakdown of the eligible categories for Cashback points:

Note that Credit Card BillPay transactions made through Debit Card will NOT earn any CashBack points.

The SBI International Platinum Debit Card offers a daily cash withdrawal limit of up to Rs.1 lakh at ATMs.

You can enjoy airport lounge access with this card, a convenient feature for international travelers.

The card has a daily Point of Sales (PoS) and online transaction limit of up to Rs.2 lakh.

You can earn 2 State Bank Rewardz points for every Rs.200 spent on your debit card.

The card is also eligible for bonus points, although the details are not specified.

Here are the key features of the SBI International Platinum Debit Card:

You can also earn double reward points on your birthday month, making it an exciting feature for frequent users.

The fees and charges associated with the SBI Platinum International Debit Card are quite reasonable. The issuance fee is Rs. 300 plus GST, and the annual maintenance fee is Rs. 250 plus GST.

You'll also need to pay a card replacement fee of Rs. 300 plus GST if your card is lost or stolen. On the other hand, transaction charges at SBI ATMs are free.

Here's a breakdown of the fees and charges:

The cash limit at domestic ATMs is Rs. 1 lakh, while the cash limit at international ATMs is subject to a maximum of foreign currency equivalent to Rs. 1 lakh.