Cards / SBI Card

Joining fee

₹499

Annual fee

₹499

Waiver spend

₹1,00,000

Forex markup

3.5%

Fee waiver

Spend ₹1,00,000 in a card year and the next annual fee is waived.

That is about ₹8,333 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

• 1 May 2026Worse for you

  The Rs 499 annual fee is reversed only on annual spends of Rs 1 lakh, up from Rs 50,000.

  Source

All card changes in 2026

Work it out for this card

How the app counts rewards

• 13 points per ₹100 at BPCL fuel (up to 1,300 points a cycle)
• No points on non-BPCL fuel
• 5 points per ₹100 on dining, groceries, department stores and movies (up to 5,000 points a month)
• 1 point per ₹100 on other spends

No rewards on rent, wallet loads.

Points

Reward Points, worth about ₹0.25 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.

More from SBI Card