Cards / SBI Card

Joining fee

₹1,499

Annual fee

₹1,499

Waiver spend

₹3,00,000

Forex markup

3.5%

Fee waiver

Spend ₹3,00,000 in a card year and the next annual fee is waived.

That is about ₹25,000 a month.

Work out what you still need to spend

Recent changes

• 1 May 2026Worse for you

  Late payment charge becomes Rs 100 for dues of Rs 100 to 500 and Rs 500 for dues of Rs 500 to 1,000.

  Source

All card changes in 2026

Work it out for this card

How the app counts rewards

• 10 points per ₹100 on Apollo 24|7 and Apollo Pharmacy (non-UPI) (up to 5,000 points a statement cycle)
• 2 points per ₹100 on dining, movies, entertainment and travel (up to 5,000 points a statement cycle)
• 1 point per ₹200 on other spends

No rewards on fuel, rent, wallet loads.

Airport lounges

• Domestic: 4 visits a year

Max 1 a quarter; Priority Pass membership is complimentary but has no free visits (USD 27 a visit)

Points

Reward Points (Apollo Health Credits), worth about ₹1 each on the usual redemption. Expire after 2 years.

Checked against the bank's terms. Banks change terms often, so check the latest terms before applying.

Taken from the bank's page. Rules data version 2026.10.04.

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