Loan & Credit Cards

Top 5 SBI Credit Cards in India

top 5 sbi credit card

Choosing right card is always crucial, specially when you know which card would benefit you in which manner. SBI has credit cards for every type of spending you make. Also if you are already SBI customer with savings/salary account, your credit card approval will not take much time.

Here are the best SBI Credit Cards for which can insure you benefits for almost every lifestyle and spending:

SBI Card ELITE

SBI Card ELITE also known as Lifestyle card, offers a host of benefits for the Premium card holders which may include lounge access in major Airports across India and abroad and concierge services. Movie lovers would love this card, and also you get 5X rewards on dining grocery stores and departmental stores.

As drawbacks are concerned the annual fee is quite high, and benefits are only restricted to Premium card holders.

Welcome Gift:

  • e-voucher worth Rs. 5000, Yatra.com form Hush Puppies/Bata, Marks & Spencer, Pantaloons and Shoppers Stop choose any of the array of travel and lifestyle brands.
  • You can online redeem the code for Yatra and Shoppers stop.

Milestone Privileges:

  • Earn up to 50,000 Bonus Reward Points worth Rs. 12,500/ year.
  • Earn 10,000 Bonus Reward Points on achieving annual spends of Rs. 3 lakhs and 4 lakhs
  • Earn 15,000 bonus Reward Points on achieving annual spends of Rs. 5 lakhs and 8 lakhs
  • Spend Based Reversal of Annual Fee on spends of Rs. 10 Lakhs.

Membership Benefits:

  • You get 5X reward Points on dining, departmental stores and grocery spends.
  • You earn 2 reward points per Rs. 100 on all other spends.
  • You can also pay your outstanding with Reward Points, 4 Reward Points = Rs.1 (Re.0.25)
  • SBI gives 1% fuel surcharge waiver on all petrol pumps (max. wavier Rs. 250 /month)

International Lounge Program:

  • Priority Pass Program gives you complimentary membership worth $99
  • Per year you get 6 complimentary Airport Lounge visits, outside India (subject to max. 2 visits per quarter).
  • Also enjoy over 1000 Airport Lounge worldwide.
  • Only Primary Card holders can avail this and complimentary membership will be valid for 2 years only.

Domestic Lounge Program:

  • 2 complimentary Domestic Airport Lounge visits every quarter in which the service will be brought you by VISA/Mastercard for limited period of time.

Club Vistara Membership:

  • You get to enjoy Complimentary Club Vistara Sliver membership with one 1 complimentary lounge access voucher and 1 upgrade voucher.
  • Earn 9 Club Vistara Points for every Rs. 100 spent on Vistara flights.
  • These offers are only for the Primary Card Holders only.

Trident Privilege Membership:

  • Complimentary Trident Privilege Red Tier membership is being provided.
  • On registration you get 1000 Welcome Points.
  • 1500 Bonus Points on your first stay and Rs. 1,000 hotels credit on extended night stay.
  • You can also save 10% instantly on bookings through hotel website.
  • Enjoy 10 points for every Rs. 100 spent on participating hotels.
  • Again only applicable for Primary Card holders.

 Lowest Forex Markup:

  • ELITE card offer you privilege of the lowest foreign Currency Mark-up Charge of 1.99% on International usage
  • On all your International transactions you are being entitled with 2 reward points

SBI Card Prime

Basically SBI Card Prime is apt for large families. It’s reward points on utility bills, movies, dining, grocery and departmental stores also with fuels spends are always being appreciated. Though the card comes with good reward benefits still the drawback of the card includes annual fee of Rs. 2,999 is bit high.

Welcome Benefits:

  • As a joining gift you get vouchers worth Rs. 3000 from exclusive brands like Bata, Hush Puppies, Mark & Spencer, Pantaloons, Shoppers Stop and Yatra.com. Among which Yatra.com and Shoppers Stop could be availed online.

Prime Rewards:

  • 20 Reward Points per Rs. 100 spent on standing instructions of utility standing bill payments.
  • Also, 15 Reward Points would be rewarded on Rs. 100 spent on selected brands.
  • You get to earn 10 Reward Points on Rs.100 spent on Dining, Groceries, Departmental stores and Movies.
  • Get 2 Reward Points on Rs. 100 Retail spent.
  • 1% Fuel surcharge wavier on transaction amount ranging from Rs. 500-4000 on all petrol pumps (maximum surcharge-Rs. 250 per month).

Milestone Benefits:

  • Pizza Hut e-voucher worth Rs. 1000 on spends of Rs. 50,000 in calendar quarter.
  • On spends of Rs. 3lakhs waiver of renewal fee is being given.
  • E-voucher worth Rs. 7000 (Yatra.com/Pantaloons) as you achieve annual spends of Rs. 5 lakhs.

Membership Benefits:

  Trident Privilege Membership:

  • Trident Privilege Red Tier Membership is complimentary in here.
  • You exclusively get 1000 welcome points on registration.
  • On first stay you get 1,500 Trident bonus points additionally Rs. 1000 as hotel credit.
  • 10% Instant saving through booking from hotel website.
  • Every Rs. 100 spent gives you 10 points for stay with participating hotels.

  Club Vistara Membership:

  • You get to enjoy Complimentary Club Vistara Silver membership with one 1 complimentary lounge access voucher and 1 upgrade voucher.
  • Earn 9 Club Vistara Points for every Rs. 100 spent on Vistara flights.
  • These offers are only for the Primary Card Holders only.

Extra Benefits:

  • You also get 20 Reward Points per Rs 100 spent on your birthday.
  • 4 complimentary visits per year to International Priority Pass Lounges, outside India (max. 2 visits per quarter)
  • 8 complimentary visits per year to domestic VISA/Mastercard Lounges in India (2 max. visits per quarter)

SBI Simply Save Credit Card

Simply Save Credit card makes a good family credit card, with benefits like 10 Reward Points on movies, groceries, departmental stores. The card has low renewal fee and easily accessible milestone benefits. The only drawback is the low value of reward points that is 1 Reward point on Rs. 100 spent.

Offers:

  • Known as Extravaganza Offer: You can earn Rs. 2000 or more within first 60 days and receive 2000 bonus Reward Points.

Rewards:

  • On every spent of Rs. 100 Dining, Movies, Departmental Stores and Grocery Spends you get 10 Reward Points.
  • Earn 1 Reward Point per Rs. 100 spent on all other spending (4 Reward Points= Rs. 1).

Fuel Benefits:

  • 1 % Fuel surcharge on all petrol pumps (only on transaction of Rs. 500 to Rs. 3000).
  • Maximum of Rs. 100 surcharge warier per statement cycle.

Reversals:

  • Spend based reversals: Annual membership fee reversal from second year of the subscription on Rs. 1,00,000 spent in the pervious year.

SBI Simply Click Credit Card

Simply click is one of the best credit card’s for shopaholics, specially for online shoppers, you get good privileges in terms of coupons from well known brands, which has welcome gifts from top brands. In any other case the card would be useless for you.

Welcome Gifts:

  • You get Amazon.in gift card of worth Rs. 500 on joining.

Rewards:

  • Earn 10X rewards on payments with their partner brands of SBI Cards.
  • 5X Reward Points on all other online spends.
  • Earn 1 Reward point per Rs. 100 spent.

Milestone Rewards:

  • e-vouchers of Rs. 2,000 on annual spent of Rs. 1Lakh from Cleartrip.
  • Also e-vouchers worth Rs. 2,000 on annual online spent of Rs. 2Lakhs.

Fuel Benefits:

  • For transactions between Rs. 500 to Rs. 3000 fuel surcharge waiver of 1% is offered.
  • Note that, maximum surcharge wavier of Rs. 100 per statement cycle.

Annual Fee Reversal:

  • Annual fee of Rs. 499 gets reversed when you spend Rs. 1,00,000 in the pervious year.

BPCL Credit card

Huge benefit for maximum users of cars, as the BPCL Credit card provide immense benefits on fuel, as you get 13 reward points on every transaction of Rs. 100. Also you get 5X benefits on grocery shopping, dining and movies.

As a drawback the redemption of the reward points for fuel purchase is only at selected BPCL outlets and also has validity of 6 months from the date of issue.

Welcome Gift:

  • After 20 days of paying the joining fee you get 2000 Activation Bonus Reward points worth Rs. 500, which can be instantly redeemed at mentioned BPCL outlets, BPCL Vouchers or at Shop n Smile rewards catalogue.

Valueback Benefits:

  • Earn 4.25% Valueback on fuel purchases at BPCL petrol pumps -13X Reward Points equivalent to 3.25%
  • 1% Fuel surcharge waiver on every transaction up to  4,000 (max. surcharge wavier Rs. 100/month (annual saving Rs. 1200).

Rewards:

  • At Grocery stores, Departmental stores, Movies & Dining earn 5X Reward Points on every Rs. 100 spent and also on Utility Bill payments.
  • Also get 1 Reward Point on every Rs. 100 spent on other retail purchases (4 Reward Points =Re. 1)
  • Instant redemption at 1200 selected BPCL petrol pumps.
  • No minimum threshold of reward point redemption

Also Read: Top 10 Benefits of Having a Credit Card

Card Name Joining Fee (Rupees) Annual Fee Rate of Interest
SBI  Elite 4,999 4,999 3.35% monthly (40.2 % annual)
SBI Card Prime 2,999 2,999 3.35% monthly (40.2 % annual)
SBI Simply save 499 499 3.35% monthly (40.2 % annual)
SBI Simply Click 499 499 2.50% monthly (30% annual)
SBI BPCL 499 499 2.50% monthly (30% annual)

Fee and Charges:

Cash withdrawal Fee 2.5%

3% International ATM’s

Late Payment ·         Nil for total amount due from Rs. 0- Rs. 200

·         Rs. 100 for Total Amount Due greater than Rs. 200 and up to Rs. 500

·         Rs. 400 for Total Amount Due greater than Rs. 500 and up to Rs. 1,000

·         Rs. 500 for Total Amount Due greater than Rs. 1,000 and up to Rs. 10,000

·         Rs. 750 for Total Amount Due greater than Rs. 10,000

 

Card Replacement Rs. 100
Reward Redemption Fee Rs. 99

About Ajeet Sharma

My Name is Ajeet Sharma Financial Blogger & Founder of Financegab.com. We are a personal finance blog dedicated to personal finance & financial planners. The main aim of this blog is to help people to informed financial decisions.
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