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SBI Credit Card Reward Points

SBI Credit Card Reward Points

Last Updated 24th Sep 2021

  • SBI credit card reward points can be claimed for products, discounts and gift vouchers.
  • Popular Categories to earn SBI rewards points are lifestyle, electronics, health & fitness, travel etc.
  • SBI credit card holders can redeem SBI reward points as discounts & cashback offers on various products.
  • Redeem the reward points of SBI credit cards within 2 years from the date of accumulation.
  • Redeem SBI credit card reward points through different modes such as Net Banking/Mobile Banking, Customer Care Helpline and Email at sbicard.com/email .
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What is SBI Credit Card Reward Point?

Credit Cards are a great financial tool and a better alternative to cash that eases out your online transactions. Apart from greater ease of utility & convenience, ‭one of the advantages of credit cards are reward points. SBI Reward Points are points or credits SBI credit card users can earn for specific frequency or volume of transactions as they swipe the credit card at a store or use it online for shopping, dining, travel or buying grocery etc. Credit Cardholders can redeem these reward points for certain benefits in the form of discounts & cashback on various products, gifts & vouchers. Check the complete process to earn & redeem reward points on your SBI Credit Card.

How to Earn Reward Points on SBI Credit Cards?

Every credit card offered by SBI has a different set of credit card reward points. To accumulate more credits or reward points, users need to use it for specific purposes. The table below mentions the reward points offered by SBI on different credit cards.

Credit Cards Reward Points
ELITE
  • 5X points on spending on dining, departmental stores and grocery Spends
  • 2 Reward Points per ₹ 100 on all other spends
  • Welcome e-Gift Voucher worth ₹ 5,000
  • Fuel Surcharge Waiver of 1% across all petrol pumps.
PRIME
  • 10 Reward Points per ₹100 on Dining, Groceries, Departmental stores, and Movie spends.
  • 20 Reward Points per ₹ 100 spent on Utility Bills payments.
  • Welcome e-gift Voucher worth ₹ 3,000 from selected brands such as Bata/Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop and Yatra.com
  • 20 Reward Points per ₹ 100 spent on your birthday
SimplySAVE Card
  • 10 Reward Points per ₹ 100 spent on Dining, Movies, Departmental Stores and Grocery Spends
  • On all your other spends, earn 1 Reward Point per ₹ 100 spent
Tata Platinum Card
  • Welcome and anniversary gift voucher upto ₹ 3,000 from popular brands
  • Spends linked gift vouchers worth upto ₹ 6000
  • 3X Reward Points on Departmental Stores, Dining, Grocery and International spends
Yatra Card
  • 6 Reward Points on every ₹ 100 spend on Departmental Stores, Grocery, Dining, Movies, Entertainment with a limit of up to 5000 Reward Points per month domestically and for International spends (Up to 5000 Reward Points per month)
  • Yatra.com vouchers worth ₹ 8,250 on joining

How to Redeem SBI Credit Card Reward Points?

It is essential to redeem the credit card reward points to avail the associated benefits and SBI credit card reward points can be redeemed both through online & offline methods. The methods provided by SBI to redeem the reward points are Net Banking/Mobile Banking, Customer Care Helpline and Email at sbicard.com/email . However, it is easy to redeem the Credit Card Reward points using an online procedure. Below-mentioned is multiple ways through which SBI credit card users can redeem the rewards points earned on various utilities.

  • NetBanking:To redeem credit card reward points on SBI credit cards using net banking, users must have a registered net banking account. They can then redeem those points by following the steps mentioned below:
    • Login to your net banking account at sbicard.com
    • Now, click on Rewards and then on Redeem Rewards.
    • Next, browse through the Rewards Catalogue and choose the item of your choice
    • Finally, click on Redeem now and confirm.
  • Customer Care Centre:Users can also contact SBI Credit card customer care service to redeem the reward points earned on SBI credit card.

SBI Credit Card Rewards Catalogue

As mentioned above credit card holders can redeem the SBI credit card reward points on various products in multiple categories. Some of the popular categories for earning credit card rewards are mentioned below.

  • Electronics
  • Health and Fitness
  • Homeware and Kitchenware
  • Lifestyle
  • Personal Care
  • Dining and Entertainment
  • Apparel and Accessories
  • Travel and Holiday

FAQs

How to redeem SBI reward points?

SBI credit card users can redeem reward points on SBI credit card through different channels such as Net Banking/Mobile Banking, Customer Care Helpline and Email at sbicard.com/email .

Do SBI credit card reward points expire?

Yes, credit card reward points offered by SBI generally have a validity of 2 years from the date of accumulation, which however may vary from card to card.

How can I redeem my SBI credit card points without an SBI account?

You can redeem your SBI credit card points offline through mail or by contacting SBI credit card customer care service if you do not have an SBI account.

Can we convert SBI credit card reward points to cash?

Yes, you can convert SBI Credit card reward points to air miles or either get cashback offers.

What is the 10X reward point offered by SBI?

SBI offers 10 times the reward points that the cardholder would have otherwise earned on the eligible transactions. These reward points are known as 10x Reward Points.


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SBI Credit Card News - Sep 2021
  • 2021-06-30 : Change in service charge for SBI ATM cash withdrawals
    The State Bank of India (SBI) has revised its service charges for cash withdrawals from ATMs and bank branches. The new charges would apply to the chequebook, transfer and other non-financial transactions. The new service charges will come into effect from 1 July 2021 and will be applicable for Basic Savings Bank Deposit (BSBD) account holders.
  • 2021-06-25 : SBI card and Fabindia have launched contactless co-branded credit cards
    SBI Card has joined hands with lifestyle retail chain Fabindia by launching contactless co-branded credit cards to cater to the premium segment customers. This premium card will allow the customers Direct access to Fabfamily loyalty programme Platinum Tier, Fabindia gift vouchers worth INR 1500 as a welcome benefit, along with several other exciting offers.
  • 2021-06-23 : Google Pay launches cards tokenisation with SBI and other banks
    After successfully rolling out tokenisation with Kotak Mahindra Bank, SBI Cards, and Axis Bank, Google Pay has now added debit cards by SBI, IndusInd Bank, and Federal Bank and credit cards by IndusInd Bank and HSBC India to its slate. Digital wallet platform Google Pay has expanded its network of bank partners offering cards tokenisation on the Google Pay app and added lenders including SBI, IndusInd Bank, Federal Bank, and HSBC India. Google has rebranded its Tez app, launched in September, as Google Pay—the catch-all label for its payments services.
  • 2021-04-27 : SBI introduced video KYC on mobile banking app YONO
    With an aim to improve the customer experience and improve the loan and investment portfolio, SBI introduced KYC on its Mobile banking app YONO. The digital initiative, powered by AI and Facial Recognition Technology, is a contactless and paperless process.
  • 2021-04-27 : SBI Card reported a Q4 profit of ₹175-crore profit
    SBI Card reported a net profit of ₹175 crores for the fourth quarter ended March 31, 2021. The profit was boosted by an increase in other income, lower provisioning for impairment and bad debts.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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