What are the Benefits of SBI Credit Cards?
- SBI Card provides a host of benefits. Some of them are: Contactless transactions: You can simply tap your SBI Credit Card on NFC enabled POS machines to make simple, convenient & secure transactions
- Reward Points: You can earn Reward Points with every purchase made using SBI Card. The accumulated Reward Points can be redeemed for various gifts from the Rewards Catalogue
- Exclusive Cashbacks & Discounts: You can avail Cashbacks & Discounts, on various merchants & Partners in travel, shopping, Dining & other categories. To know more about the current offers
- Add-on Card: You can gift your loved ones up to 2 complimentary Add-on SBI Cards
- Pay in EMIs: You can pay back your big purchases in easy EMIs
- Cash withdrawal from ATMs: You can use your SBI Card to withdraw cash from any ATM across India
Key Terms & Universal Features
(Common across many SBI cards)
|
Feature |
What It Means / How SBI Provides It |
Caveats / Notes |
|
Annual
/ Joining / Renewal Fee |
Every SBI card has an upfront
fee or annual (renewal) charge, which in many cases can be reversed (waived)
if you meet a minimum spend. |
The waiver conditions vary a
lot. If you don’t meet those, the fee becomes a cost. |
|
Reward
/ Cashback / Points |
Cards award reward points or
cashback on spends (in various categories). E.g. SimplySAVE gives 10× reward points in dining, movies, departmental
stores, groceries.The Cashback card gives 5% on
online spends and 1% offline. |
Some transactions (fuel,
government services, certain categories) may be excluded from rewards. Also,
from 1 September 2025, SBI may
stop giving reward points for digital gaming & government-related
transactions on certain cards. |
|
Fuel
Surcharge Waiver |
Many SBI cards waive the 1%
fuel surcharge (often for petrol purchases between certain amounts) as a
benefit. E.g. SimplySAVE card gives it for transactions between ₹500–₹3,000. Cashback
card also gives 1% fuel surcharge waiver. |
There's usually a cap (max
waiver per statement, per window) and only for specific transaction amounts. |
|
Balance
Transfer / EMI / Flexipay |
SBI offers options to convert
your high-interest purchases or outstanding balances into EMIs, or transfer
outstanding balances from other cards at favorable interest/terms. |
These are optional and may have
processing fees or interest rate implications. |
|
Encash
/ Cash Advances |
Some cards offer cash
withdrawal (at ATM) or “encash” / cheque/draft options against your credit
line. |
Cash advances typically attract
high interest immediately (no interest-free period) + fees. |
|
Add-on
/ Supplementary Cards |
You can issue add-on cards (for
spouse, siblings, etc.) on many SBI cards, often with little or no extra fee. |
All dues are the responsibility
of the principal cardholder ultimately. |
|
Contactless
& Digital Features |
Many cards support tap & pay
(contactless), digital / mobile app management, online redemption, SMS /
missed call services, etc. |
Always confirm whether your
specific card variant supports contactless (some lower variants might not). |
|
Foreign
/ International Use |
Global acceptance (Visa /
Mastercard / AmEx variants). But transactions in foreign currency incur forex
mark-up charges. |
Also check whether your card
allows international usage or is restricted domestically. |
|
Insurance
/ Privileges |
Some premium cards include
travel insurance, accident cover, concierge, lounge access, etc. E.g.
earlier, SBI’s ELITE & PRIME offered complimentary air accident
insurance. |
However, effective 11 August 2025, SBI has announced
discontinuation of complimentary air accident insurance on several variants
(ELITE, PRIME, some platinum cards). |
