M16S / State Bank of India (SBI Card) / Apollo SBI Card SELECT
mid · cobrand, rewards
Apollo SBI Card SELECT
The Apollo SBI Card SELECT costs Rs 1,499 a year, waived if you spend Rs 3,00,000 in a year. Its base return is 0.5% (1 RP per Rs 200 on other purchases). The forex markup is 3.5%. Lounge visits in India: 4 per year, max 1 per quarter. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 1,499+ GST
- Fee waived at
- Rs 3,00,000annual spend
- Base return
- 0.5%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 1,499 |
|---|---|
| Annual fee | Rs 1,499 |
| Annual spend that waives the fee | Rs 3,00,000 |
| Fee notes | Renewal fee waived on Rs 3 lakh annual spend in the previous year; reversed within 30 days of the fee charge date. |
Rewards
| Welcome benefit | Apollo 24|7 e-gift voucher worth Rs 1,500 on payment of joining fee; 1-year FITPASS PRO membership (on joining fee payment and a retail transaction); in-built Apollo Circle benefits |
|---|---|
| Reward currency | Reward Points (redeemed as Apollo Health Credits) |
| Base earn | 1 RP per Rs 200 on other purchases |
| Base return | 0.5% |
| Point value | 1 RP = 1 Health Credit = Re 1; redeemable for Apollo Health Credits only |
| Accelerated earn | 10 RP per Rs 100 on Apollo 24|7 and Apollo Pharmacy; 2 RP per Rs 100 on dining, movies & entertainment and travel |
| Capsunverified | 5,000 RP per cycle on Apollo spends and 5,000 RP per cycle on dining/travel tier |
| Points expiry | 24 months |
| Milestone benefits | Complimentary comprehensive health check-up package on Rs 50,000 spend within 90 days of joining and within 90 days of each card anniversary; Noise smartwatch worth Rs 7,999 on Rs 6 lakh annual spend |
| Reward notes | base_return_pct = 1 RP per Rs 200 x Re 1 = 0.5% (both stated on the product page); usable only as Apollo Health Credits. |
Travel and perks
| Domestic lounge | 4 per year, max 1 per quarter |
|---|---|
| International lounge | No complimentary visits stated; 2-year Priority Pass membership worth USD 99 |
| Lounge conditions | Domestic lounge list restricted to the issuer's shorter 16-lounge list from 10 Jan 2026. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% at all petrol pumps, cap Rs 100 per statement cycle (page gives no transaction range) |
| Other freebies | Apollo Circle benefits including up to 25% value back on medicine purchases at Apollo 24|7 and Apollo Pharmacy; FITPASS PRO; Priority Pass membership (2 years) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Issuer product page (rendered text) read 2026-10-12; fees, forex, interest and penalty fields are from the issuer MITC/KFS; fields not listed in unverified_fields are from the product page or other issuer documents. Page vs earlier value: fuel_surcharge_waiver was '1% on fuel txns Rs 500-4,000' (cardinsider.com), page states a Rs 100 cap per statement cycle and no range; other_freebies was 'Apollo Circle: up to 15% back on medicines, 20% on diagnostics, Rs 1 lakh accident cover' (cardinsider.com), page says up to 25% value back on medicines at Apollo 24|7 and Apollo Pharmacy and lists no accident cover; health check-up was valued at Rs 1,999 by the aggregator, page gives no value. Page does not state the network (RuPay/Mastercard from the aggregator), caps or exclusions. Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the Apollo SBI Card SELECT?
- Rs 1,499 a year, before GST. It is waived if you spend Rs 3,00,000 in a year.
- Does the Apollo SBI Card SELECT give airport lounge access?
- Yes. In India: 4 per year, max 1 per quarter. Outside India: none listed. Conditions: Domestic lounge list restricted to the issuer's shorter 16-lounge list from 10 Jan 2026.
- What is the forex markup on the Apollo SBI Card SELECT?
- 3.5% of each foreign-currency transaction, before GST.