M16S / State Bank of India (SBI Card) / IRCTC SBI Card Premier
mid · cobrand, travel
IRCTC SBI Card Premier
The IRCTC SBI Card Premier costs Rs 1,499 a year, waived if you spend Rs 2,00,000 in a year. Its base return is 0.8% (1 RP per Rs 125 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.
- Annual fee
- Rs 1,499+ GST
- Fee waived at
- Rs 2,00,000annual spend
- Base return
- 0.8%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- SBI Card to add 1% fee on transport above Rs 30,000, Dec 2026
From 1 Dec 2026 SBI Card charges 1% of the transaction amount on every transportation transaction above Rs 30,000 (MCCs 4111, 4784, 4131). Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card to add 1% fuel fee above Rs 50,000 a cycle, Dec 2026
From 1 Dec 2026, if fuel transactions in a billing cycle exceed Rs 50,000, SBI Card charges 1% on the total fuel spends. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card limits statement credit to multiples of 4,000 points, Apr 2026
From 1 Apr 2026 Reward Points for Statement Credit can be redeemed only in multiples of 4,000 Points, on all eligible cards except the two PhonePe cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card caps statement credit redemption at 60,000 points, Apr 2026
From 1 Apr 2026 redemption of Reward Points for Statement Credit is capped at 60,000 Points per month on all eligible cards except Air India SBI Signature and the two PhonePe cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card revises late payment charges from May 2026
From 1 May 2026 no charge applies up to Rs 100 due (was up to Rs 500). Rs 100 applies above Rs 100 up to Rs 500, and Rs 500 above Rs 500 up to Rs 1,000 (was Rs 400). Higher slabs are unchanged. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on wallet loads above Rs 1,000, Nov 2025
From 1 Nov 2025 SBI Card charges 1% of the transaction amount on every wallet load transaction above Rs 1,000. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on education payments via apps, Nov 2025
From 1 Nov 2025 a 1% fee applies to education payments made through third-party apps. Payments made directly to colleges or schools through their websites or POS machines carry no fee. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds Rs 200 cheque processing fee from Sep 2025
From 15 Sep 2025 a Cheque Processing Fee of Rs 200 applies to outstanding payments made by cheque. Payments by UPI, BBPS and NEFT stay free of extra charges. Source: SBI Card, sbicard.com, read 28 Oct 2026
- IRCTC SBI Card Premier drops air and rail accident cover, Jul 2025
From 26 Jul 2025 the complimentary Rs 50 lakh air accident cover and Rs 10 lakh rail accident cover on IRCTC SBI Card Premier are discontinued. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card adds 1% fee on utility payments above Rs 50,000, Dec 2024
From 1 Dec 2024, if utility payments in a billing cycle add up to more than Rs 50,000, SBI Card charges a 1% fee on the total utility amount. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card raises finance charge to 3.75% a month from Nov 2024
From 1 Nov 2024 the rate of Finance Charges is 3.75% p.m. on all unsecured SBI credit cards, except Shaurya and Defense cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card stops reward points on government payments for co-brand cards, Jul 2024
From 15 Jul 2024 Reward Points do not accrue on government related transactions on the listed co-brand cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card stops reward points on rent payments for co-brand cards, Apr 2024
From 15 Apr 2024 Reward Points do not accrue on rent payments on the listed co-brand cards. Source: SBI Card, sbicard.com, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Rs 1,499 |
|---|---|
| Annual fee | Rs 1,499 |
| Annual spend that waives the fee | Rs 2,00,000 |
| Fee notes | Annual fee Rs 1,499, renewal Rs 1,499 from second year; fee reversed on Rs 2 lakh annual spend (within 30 days of the fee). Add-on card free. |
Rewards
| Welcome benefit | 1,500 RP (worth Rs 1,500) on payment of the first annual fee, credited within 45 days |
|---|---|
| Reward currency | Reward Points (IRCTC) |
| Base earn | 1 RP per Rs 125 on other non-fuel retail purchases |
| Base return | 0.8% |
| Point value | 1 RP = Re 1 (page: 1,500 RP worth Rs 1,500); points move to the IRCTC loyalty account and redeem on the IRCTC website/app |
| Accelerated earn | Up to 10% value back as RP on AC1, AC2, AC3, Executive Chair Car and Chair Car tickets via the IRCTC app/website; 5% back on air tickets at air.irctc.co.in; 5% back on e-catering at ecatering.irctc.co.in; 3 RP per Rs 125 on dining and standing instructions on utility spends |
| Spends that earn nothingunverified | Fuel; rent |
| Points expiry | 24 months |
| Milestone benefits | 2,500 RP at Rs 50,000 and 5,000 RP at Rs 1 lakh annual travel spends (eligible travel MCCs); annual fee reversed at Rs 2 lakh annual spend |
| Reward notes | base_return_pct = 1 RP per Rs 125 x Re 1 (earn rate and the Rs 1,500-for-1,500-points value both on the issuer page), redeemable on IRCTC. Redemption fee Rs 99. |
Travel and perks
| Domestic lounge | No airport lounge on the page; 8 railway lounge visits per year, max 2 per quarter |
|---|---|
| International loungeunverified | None |
| Lounge conditions | Railway lounge access for primary cardholders only. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-4,000, cap Rs 250 per statement cycle per card account |
| Other freebies | Rs 1 lakh fraud liability cover; 1% transaction-charge saving on rail tickets at irctc.co.in and 1.8% on air tickets at air.irctc.co.in. Rs 50 lakh air and Rs 10 lakh rail accident cover withdrawn 26 Jul 2025 (issuer notice). |
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 read 2026-10-12 (rendered text); fields not listed in unverified_fields are from it or from the issuer MITC/KFS/notices already cited. Conflict: milestone_benefits was '5,000 RP on Rs 1 lakh annual spend' (Card Insider); the page ties both milestones to annual travel spends. New from the page: 5% back on IRCTC air and e-catering. Reward Points on IRCTC bookings are computed on the base fare; a 1% charge applies on refunds of cancelled rail tickets. reward_exclusions ('Fuel; rent') and 'no international lounge' remain the aggregator's; the page says only that earning is on non-fuel retail purchases. 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 IRCTC SBI Card Premier?
- Rs 1,499 a year, before GST. It is waived if you spend Rs 2,00,000 in a year.
- Does the IRCTC SBI Card Premier give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the IRCTC SBI Card Premier?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IRCTC SBI Card Premier?
- Fuel; rent