M16S / State Bank of India (SBI Card) / Landmark Rewards SBI Card SELECT
mid · cobrand, shopping
Landmark Rewards SBI Card SELECT
The Landmark Rewards SBI Card SELECT costs Rs 1,499 a year. Its base return is 0.5% (2 RP per Rs 100 on other retail purchases). The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 1,499+ GST
- Fee waived at
- —
- 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 |
| Fee notes | No spend-based renewal fee waiver in the MITC. |
Rewards
| Welcome benefit | 6,000 bonus Reward Points worth Rs 1,500 on payment of annual fee |
|---|---|
| Reward currency | Reward Points |
| Base earn | 2 RP per Rs 100 on other retail purchases |
| Base return | 0.5% |
| Point value | 4 RP = Re 1 (Rs 0.25 per RP); instant redemption at Lifestyle, Home Centre, Spar, Max, Baby Shop and EasyBuy stores |
| Accelerated earn | 15 RP per Rs 100 at online and retail Landmark stores (Lifestyle, Home Centre, Max, Spar, Baby Shop, EasyBuy); 10 RP per Rs 100 on dining, movies and international spends |
| Spends that earn nothing | Fuel, rental, government spends, gaming, wallet, EMI |
| Points expiry | 24 months |
| Milestone benefits | 12,000 bonus Reward Points on Rs 3 lakh overall annual retail spend |
| Reward notes | base_return_pct = 2 RP per Rs 100 x Rs 0.25 (both stated on the product page). Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). From 1 Apr 2026 statement-credit redemption is capped at 60,000 points a month and allowed only in multiples of 4,000 points (issuer notice). Points on Flexipay/merchant EMI are reversed; wallet loads (MCC 6540/6541) earn nothing; points on spends that got an instant discount/cashback offer are forfeited. |
Travel and perks
| Domestic lounge | None listed on the product page; an issuer lounge PDF names this card on its 16-lounge domestic list from 10 Jan 2026 (visit count not stated) |
|---|---|
| International loungeunverified | None |
| Lounge conditions | See lounge_domestic: issuer PDF lists the card, product page lists no lounge benefit. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle |
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 says Rs 500-3,000 with a Rs 100 cap per statement cycle; milestone_benefits also listed '6,000 RP on renewal' (cardinsider.com), page says 6,000 bonus points 'on payment of annual fees' without separating joining and renewal. Aggregator details the page does not state: conversion to Landmark Rewards at 2.4 RP : 1 LMR (1 LMR = Rs 0.60). The page footer says its information is correct as of July 2018, so check for later changes; the issuer notice of 1 Sep 2025 on gaming and government exclusions is consistent with the page. Network taken from the page line 'make payments at any outlet that accepts Visa'. Same text is served at shopping/max-sbi-card-select.page. The page lists no lounge benefit, although an issuer lounge PDF names this card. Formerly sold as Lifestyle Home Centre / Max / Spar SBI Card. 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 Landmark Rewards SBI Card SELECT?
- Rs 1,499 a year, before GST.
- Does the Landmark Rewards SBI Card SELECT give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Landmark Rewards SBI Card SELECT?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Landmark Rewards SBI Card SELECT?
- Fuel, rental, government spends, gaming, wallet, EMI