Titan SBI Card: Happy Shopping! Here's How Aspirational Shoppers Can Benefit

Titan SBI Card: Today, March 21, there was an increase of over 1 percent in the shares of SBI Cards and Payment Services Limited. This stock gained 1.44 percent and finished at Rs 702.50. The company's market valuation increased to Rs 66,800.78 crore as a result of this increase. Actually, Titan SBI Card is a new co-branded card that SBI Card and Titan Company have introduced together. Today, there was buying in the company's shares following this announcement.

Introduction of Titan SBI Card

The biggest pure-play credit card company in the nation has declared that it has teamed up with Titan Company Limited to introduce the Titan SBI Card. This unique credit card is intended to fulfil the customers' aspirational spending needs. It is specifically made for shopping. This information was provided by the company in its stock exchange filing.

Benefits like cashback and reward points on purchases made in a variety of lifestyle categories are available with the Titan SBI Card. Titan gift cards are another benefit of the card. Cardholders are eligible to receive unique privileges worth over ₹2 lakh annually under this. Watches, jewellery, and eyewear are among the high value spend categories where the Titan SBI Card offers perks that have been carefully considered.

Cashback and Rewards

One of its main advantages is that purchases made from Titan, Tanera, Titan iPlus, and the company's non-jewellery businesses can earn you up to 7.5% cashback. 5% cashback is available with this card on both online and offline purchases made at Mia, Caratlane, and Zoya. Furthermore, Titan SBI Card holders will be eligible to receive Titan Gift Vouchers for up to 3% of what they spend on Tanishq purchases.

The last month has seen a 5% decline in SBI Card shares. In the last six months, it has yielded negative returns totaling 12%. Thus far this year, the stock has dropped by 9%. At the same time, it has decreased by roughly 3% during the past year. Over the previous five years, the stock has decreased by 3%.