M16S / State Bank of India (SBI Card) / Air India SBI Platinum Card
mid · cobrand, travel
Air India SBI Platinum Card
The Air India SBI Platinum Card costs Rs 1,499 a year. It earns 2 RP per Rs 100 spent. The forex markup is 3.5%. Lounge visits in India: 4 per year, max 1 per quarter. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 1,499+ GST
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 3.75%a month
What changed on this card
- Air India and SBI Card to launch Visa co-brand credit card, Oct 2026
Air India and SBI Card announced a new Visa co-brand credit card for Maharaja Club members on 28 October 2026. Fees, earn rates and the launch date are not yet published.
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 |
| Fee notes | Annual fee Rs 1,499 + taxes; renewal fee Rs 1,499 from second year (product page). No spend-based waiver on the page or in the MITC. |
Rewards
| Welcome benefit | 5,000 RP on payment of joining fee, credited within 15 days of fee posting; complimentary Air India Maharaja Club membership |
|---|---|
| Reward currency | Reward Points convertible to Air India Maharaja Points |
| Base earn | 2 RP per Rs 100 spent |
| Point value | 1 RP = 1 Air India Maharaja Point; rupee value not stated |
| Accelerated earn | 5 RP per Rs 100 on Air India tickets booked via website, app, booking offices or call centres (cut from 15 on 31 Mar 2025, issuer notice); credited within 60 days of posting |
| Points expiry | 24 months |
| Milestone benefits | Up to 15,000 bonus RP a year: 5,000 at Rs 2 lakh and 10,000 at Rs 3 lakh annual spend (year counted from account creation date); anniversary gift of 2,000 RP every year |
| Reward notes | base_return_pct left null: points convert 1:1 to Air India Maharaja Points and the issuer states no rupee value. 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. |
Transfers
| Partners | Air India Maharaja Club |
|---|---|
| Ratio | 1 RP : 1 Maharaja Point; minimum 5,000 points, in multiples of 5,000; converted within 7 working days; not reversible |
Travel and perks
| Domestic lounge | 4 per year, max 1 per quarter |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-4,000, cap Rs 250 per statement cycle |
| Other freebies | Rs 1 lakh lost-card liability cover (48 hours before to 7 days after reporting) |
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 | Issuance discontinued from 10 Oct 2024 (issuer notice); the product page is still up and does not mention closure. Benefit fields now read from that page (rendered 2026-10-12). Network from the page's 'over 2 million Visa outlets / Visa ATMs' text. Redeeming Maharaja Points needs at least 1 flight accrual activity for self and 5 for family or friends. The page lists no international lounge benefit; 'None' is kept as unverified. Page vs earlier value (page used): lounge_domestic was '8 per year, max 2 per quarter' (Card Insider); page says 4 complimentary domestic visits, max 1 per quarter. 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 Air India SBI Platinum Card?
- Rs 1,499 a year, before GST.
- Does the Air India SBI Platinum Card give airport lounge access?
- Yes. In India: 4 per year, max 1 per quarter. Outside India: none listed.
- What is the forex markup on the Air India SBI Platinum Card?
- 3.5% of each foreign-currency transaction, before GST.