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COFFERCards. Points. Value.
SBI Card

Landmark Rewards SBI Card SELECT

Not rated yet - COFFER rates a card only after reading every document the bank publishes for it. How we rate

Open to new applications · Earns Reward Points

First-year fee

₹1,499 + GST

Annual fee

₹1,499 + GST

What it gives back

2 Reward Points per ₹100 · everyday spends

Read from 9 SBI Card documents, last checked 19 Oct 2026.

Apply on SBI Card

Our calculation

0.5% value back

Every ₹1,00,000 spent at this rate earns about 2,000 points, worth about ₹500 at the value SBI Card states for a point.

SBI Card's rate: “2 Reward Points per Rs. 100 on other retail purchases” Proof
The bank’s words

“2 Reward Points per Rs. 100 on other retail purchases (excluding Fuel, Rental, Govt Spends, Gaming, Wallet, EMI).”

SBI Card's point value: “4 Reward Point = Re. 1” Proof
The bank’s words

“4 Reward Point = Re. 1”

How it compares

Compared with the cards we have read

₹1,499 annual fee: of the 273 other open cards whose annual fee we have read, 187 state a lower one, 13 state the same and 73 state a higher one.

3.5% forex markup: of the 291 other open cards whose forex markup we have read, 103 state a lower one and 188 state the same.

0.5% value back by our calculation: of the 49 other open cards we can work this out for, 20 return less, 17 return the same and 12 return more.

Fees

  • Renewal feeJoining fee

    ₹1,499 + GST

  • Add-on card fee

    ₹0

Welcome offer

  • Welcome benefit

    Get 6,000 Bonus Reward Points worth ₹1,500 on payment of Annual Fees.

Rewards

  • Reward rate

    2 Reward Points per ₹100 · everyday spends2 Reward Points per ₹100 on other retail purchases.

  • Reward earning on dining spends

    10 Reward Points per ₹100 spent on Dining, Movies & International spends.

  • Reward earning on international spends

    10 Reward Points per ₹100 spent on International spends.

  • Reward exclusions

    Excluding Fuel, Rental, Govt Spends, Gaming, Wallet, EMI

  • What one reward unit is worth

    4 Reward Point = Re. 1.

  • Voucher and product redemption

    Redeem Reward Points instantly at Lifestyle, Home Centre, Spar, Max, Baby Shop and EasyBuy stores.

  • Point expiry

    Valid for a period of 24 months.

Card benefits

  • Milestone benefits

    12,000 Bonus Reward Points on overall annual retail spends of ₹3,00,000.

Also included

  • Fuel surcharge waiver

    Enjoy a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000 at all petrol pumps across India.

  • Add-on card eligibility

    Add-on cards for your parents, spouse, children or siblings above the age of 18.

  • Balance transfer terms

    Transfer outstanding balances of other banks’ credit cards to your Landmark Rewards SBI Card SELECT at a lower interest rate and repay in easy EMIs.

  • Purchase to EMI conversion

    Convert eligible purchases into easy monthly EMIs.

Charges

  • Forex markup

    3.5% on foreign currency transactions.

  • Dynamic currency conversion markup

    3.5%

  • Cash advance fee

    2.5% or ₹500 whichever is higher.

  • Cash advance interest

    3.75% p.m. (45% p.a.) for unsecured cards.

  • Cash withdrawal limit

    ₹15,000 per day

  • Interest on unpaid balance

    Upto 3.75% per month [45% per annum]

  • Interest-free period

    20 to 50 days interest-free when you pay in full.

  • Late payment fee

    Nil to ₹1,300 by amount due (₹1,300 above ₹50,000)

  • Over-limit fee

    2.5% of Overlimit Amount (subject to a minimum of ₹600)

  • Payment return or dishonour fee

    2% of Payment amount (subject to a minimum of ₹500)

  • Card replacement fee

    ₹100 - ₹250

  • Cash payment / cash deposit fee

    ₹250

  • Cheque payment / dishonour fee

    ₹200 plus applicable taxes

  • Education / school fee charge

    1% of the transaction amount applicable on Education Payments made through third-party apps.

  • EMI conversion fee

    1% of the booking amount or ₹2,000 whichever is less.

  • Foreign ATM fee

    2.5% of transaction amount (subject to a minimum of ₹500)

  • Reward redemption fee

    ₹99+ applicable taxes

  • Wallet load charge

    1% of the transaction amount. Applicable on every wallet load transaction exceeding ₹1,000.

  • Rent transaction fee

    ₹199

  • Utility transaction fee

    If the sum of all Utility Payments in a billing cycle exceeds ₹50,000, then a Utility Payments Fee of 1% will be charged on the total amount of Utility payments made in that billing cycle.

  • GST note

    Other than “Haryana” - Integrated Tax @ 18%

  • Grace days after the due date

    Grace period of 3 days is allowed from the payment due date.

  • Minimum amount due

    100% of GST + 100% of EMI amount + 100% of Fees/Charges +100% of finance charges+ Overlimit Amount (if any) + 2% of remaining balance outstanding.

Eligibility

  • Minimum age

    Minimum 21 years

In the terms, not the brochure

  • What happens to unredeemed points if the card is closed

    The points accumulated on his/her SBI card account can be redeemed within 30 days of closure, otherwise these will automatically lapse.

  • Whether carrying a balance ends the interest-free period

    Outstanding balance from previous months: finance charges will be levied on retail spends, cash advance and finance charge till the payment date

How we know

9 documents from SBI Card, checked 19 Oct 2026.

  • Linked page on www.sbicard.com29 Sep 2026Proof
  • Linked page on www.sbicard.com6 Oct 2026Proof
  • Fees and charges pageProof
  • Card pageProof
  • Key Fact StatementProof
  • MITCProof
  • Lounge access termsProof
  • Reward points termsProof
  • Card terms and conditionsProof

On these lists

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₹1,499 a year

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