Cards / SBI Card

Joining fee

₹4,999

Annual fee

₹4,999

Waiver spend

₹10,00,000

Forex markup

1.99%

Fee waiver

Spend ₹10,00,000 in a card year and the next annual fee is waived.

That is about ₹83,333 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

All card changes in 2026

Work it out for this card

How the app counts rewards

• 10 points per ₹100 on dining, groceries and department stores (up to 10,000 points a month)
• 2 points per ₹100 on other spends

No rewards on fuel, wallet loads.

Airport lounges

• Domestic: 2 visits a quarter
• International: 6 visits a year

International visits via Priority Pass outside India, max 2 a quarter; membership valid 2 years

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.

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