Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Annual and renewal fee₹1,499 + applicable taxesEffective 30 Jul 2026
Source 1Renewal-fee reversalRenewal fee reversed on annual spends of ₹3 lakhEffective 30 Jul 2026
Source 2Maximum annual finance chargeUp to 45% per annumEffective 30 Jul 2026
Source 3Maximum monthly finance chargeUp to 3.75% per monthEffective 30 Jul 2026
Source 4Foreign-currency markup3.5%Effective 30 Jul 2026
Source 5PhonePe rewards10 Reward Points per ₹100 on eligible PhonePe spends; 5 per ₹100 on eligible online spends; 1 per ₹100 on other spends; 1 point = ₹1
Source 6Welcome benefitPhonePe e-Gift Card worth ₹1,500
Source 7Annual milestoneYatra e-voucher worth ₹5,000 on ₹5 lakh annual spend
Source 8Airport-lounge access4 complimentary domestic visits per year, maximum 1 per quarter; Priority Pass membership for the first 2 years
Source 9Fuel-surcharge waiver1% on fuel transactions from ₹500 to ₹4,000; maximum ₹250 per statement cycle
Source 10Interest-free credit period20 to 50 days when the previous statement balance is paid in full; not available for cash advancesEffective 30 Jul 2026
Source 11IssuerSBI Cards and Payment Services Limited (SBICPSL)
Source 12Interest-free period and minimum amount dueInterest-free credit period 20-50 days only on retail purchases when the previous statement is paid in full. Minimum amount due: 100% GST + 100% EMI + 100% fees/
Source 13Cash-advance termsMaximum ATM cash withdrawal ₹15,000/day within the cash limit; no MCC 6010 over-the-counter cash disbursement; no free-credit period; finance charge starts on withdrawal date; ATM fee 2.5% with minimum ₹500; minimum finance charge ₹25Effective 30 Jul 2026
Source 14Payment and late-payment chargesCash payment ₹250; dishonour 2% of payment, minimum ₹500; cheque payment ₹200. Late fee: ₹0 up to ₹100; ₹100 above ₹100-₹500; ₹500 above ₹500-₹1,000; ₹750 above ₹1,000-₹10,000; ₹950 above ₹10,000-₹25,000; ₹1,100 above ₹25,000-₹50,000; ₹1,300 above ₹50,000; additional late-payment charge ₹100; ₹500 late charge on revolving balance above ₹1,000Effective 30 Jul 2026
Source 15Overlimit and replacement feesOverlimit fee 2.5% of overlimit amount, minimum ₹600, not reversed on reversal/
Source 16Redemption, utility, education, wallet, rent and lounge feesRewards redemption ₹99 for specified physical products, statement credit and physically sent vouchers, except AURUM. Utility payments: 1% when billing-cycle total exceeds ₹50,000, effective 1 December 2024. Third-party-app education payments: 1%, effective 1 November 2025; direct school/
Source 17Grace period, surcharge and tax rulesThree-day payment-processing grace period only when no earlier-cycle amount is overdue. Railway surcharge follows IRCTC/
Source 18Payment allocation and merchant-code conditionsPayments allocate to GST, EMI, fees/
Source 19Benefits and features
- Accelerated PhonePe and online-spend rewards
- ₹1,500 welcome e-gift card
- Domestic lounge access and Priority Pass membership
- Yatra spend milestone and fee reversal
Eligibility
- Issued and underwritten by SBI Cards and Payment Services Limited; approval, credit limit and final pricing are subject to its assessment.
- Reward earning, voucher fulfilment and lounge access remain subject to programme terms.
- The reviewed page does not publish a minimum-income threshold.
Passing a listed condition does not mean the bank will approve an application.
