State Bank of India (SBI Card) · with ApolloMastercardLast checked 12 Oct 2026closed to new applicants
The Apollo SBI Card costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.5% (1 RP per Rs 200 on other non-fuel retail purchases). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
SBI CardApollo SBI CardCard design not shown
Annual fee
Rs 499+ GST
Fee waived at
Rs 1,00,000annual spend
Base return
0.5%
Forex markup
3.5%
Interest
3.75%a month
Fees
Joining fee
Rs 499
Annual fee
Rs 499
Annual spend that waives the fee
Rs 1,00,000
Fee notes
Renewal fee reversed on Rs 100,000 annual spend.
Rewards
Welcome benefit
500 Reward Points worth Rs 500 on payment of joining fee; complimentary Apollo Gold Tier membership
Reward currency
Reward Points
Base earn
1 RP per Rs 200 on other non-fuel retail purchases
Base return
0.5%
Point value
1 RP = Re 1; instant redemption at point of sale, or conversion to Apollo Health Credits
Accelerated earn
3X Reward Points on every Rs 100 spent on Apollo services; 2X on every Rs 100 on dining, movies and entertainment; 1 RP per Rs 100 on beauty and wellness services
Spends that earn nothing
Fuel earns no points
Reward notes
base_return_pct = 1 RP per Rs 200 x Re 1 = 0.5% (both stated on the product page). Value holds for redemption at Apollo. Aggregator quotes a Rs 99 redemption fee.
Travel and perks
Domestic loungeunverified
None
International loungeunverified
None
Forex markup
3.5%
Fuel surcharge waiver
1% at all petrol pumps, cap Rs 100 a month (page gives no transaction range)
Other freebies
Up to 10% instant discount at select Apollo services; Apollo Gold Tier membership
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: base_earn was ambiguous on cardinsider.com (1 RP per Rs 200 in one section, 1 per Rs 100 in another), page says 1 RP per Rs 200; fuel_surcharge_waiver carried a Rs 500-3,000 transaction range (cardinsider.com), page states only the Rs 100 monthly cap. Network taken from the page line 'make payments at any outlet that accepts MasterCard'. The page does not say the card is discontinued (it still carries an Apply title); closed-to-new status still rests on Card Insider. Aggregator details the page does not state: welcome points credited 20 days after fee payment, Gold Tier valid for year one and renewed on Rs 75,000 Apollo spend, points not redeemable on the SBI rewards catalogue. Page lists no lounge or milestone benefit. 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?
Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
Does the Apollo SBI Card give airport lounge access?
No lounge access is listed for this card.
What is the forex markup on the Apollo SBI Card?
3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Apollo SBI Card?