Cards / SBI Card

Joining fee

₹2,999

Annual fee

₹2,999

Waiver spend

₹10,00,000

Forex markup

2.5%

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

• 4 Travel Credits per ₹200 on travel
• 2 Travel Credits per ₹200 on other spends

No rewards on education, fuel, insurance, rent, utilities, wallet loads.

Airport lounges

• Domestic: 8 visits a year
• International: 4 visits a year

Max 2 visits a quarter each; 1 extra domestic visit per ₹1 lakh spent, extra visits capped at 12 a membership year; Priority Pass free for first 2 years

Points

Travel Credits, worth about ₹0.5 each on the usual redemption. Expire after 2 years.

Transfer partners: Air Arabia AA Rewards (2:1), AirAsia Rewards (1:1), Air Canada Aeroplan (1:1), Air India Flying Returns (1:1), The British Airways Club (1:1), Cathay (1:1), Emirates Skywards (2:1), Ethiopian ShebaMiles (2:1), JAL Mileage Bank (2:1), Saudia AlFursan (2:1), SpiceClub (1:1), Thai Royal Orchid Plus (1:1), Turkish Airlines Miles&Smiles (2:1), United MileagePlus (2:1), Qantas Frequent Flyer (1:1), Vietnam Airlines Lotusmiles (1:1), Accor ALL (2:1), IHG One Rewards (1:1), Club ITC (2:1), Jumeirah One (2:1), Wyndham Rewards (1:1), Shangri-La Circle (6:1), Radisson Rewards (1:1)

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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