M16S / State Bank of India (SBI Card) / IRCTC SBI Platinum Card
entry · cobrand, travel
IRCTC SBI Platinum Card
The IRCTC SBI Platinum Card costs Rs 500 a year. Its base return is 0.8%. The forex markup is 3.5%. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- —
- Base return
- 0.8%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 500 |
|---|---|
| Annual fee | Rs 500 |
| Fee notes | Annual fee Rs 500 + taxes; renewal fee Rs 500 from second year (product page). No spend-based waiver on the page or in the MITC. |
Rewards
| Welcome benefit | 350 activation bonus RP on a single transaction of Rs 500 or more within 60 days of issuance (fuel and cash excluded), credited within 45 days |
|---|---|
| Reward currency | Reward Points (IRCTC) |
| Base earn | 1 RP per Rs 125 on non-fuel retail purchases, including rail tickets on irctc.co.in and the IRCTC app |
| Base return | 0.8% |
| Point value | 1 RP = Re 1, redeemed on IRCTC |
| Accelerated earn | Up to 10% value back as RP on AC1, AC2, AC3, Executive Chair Car and Chair Car tickets bought through the IRCTC app and website |
| Spends that earn nothingunverified | Fuel earns no points (page). Not on the page (aggregator / issuer notices): rent, wallet loads, cash advance, balance transfer, fees, merchant EMI, Flexipay, government |
| Points expiry | 24 months |
| Milestone benefits | 500 RP on payment and realisation of renewal fee |
| Reward notes | base_return_pct = 1 RP per Rs 125 x Re 1 (both now from the product page) = 0.8%, redeemable for bookings on IRCTC. Railway Points earned before 22 Jan 2013 cannot be redeemed (issuer notice). 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 | 4 railway lounge visits per year in India, max 1 per quarter, primary cardholder only; no airport lounge |
|---|---|
| International loungeunverified | None |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle |
| Other freebies | 1% transaction-charge saving on rail tickets booked on irctc.co.in (not via partner sites) |
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 | Benefit fields now read from the issuer's product page (rendered 2026-10-12). Network confirmed by the page's 'look for the Visa sign of acceptance' text. Points move to the IRCTC loyalty account and are redeemed on the IRCTC website or Android app; points on IRCTC bookings are computed on base fare; a 1% charge on the refund amount applies when a rail ticket is cancelled; points are not credited if the loyalty account is blocked, inactive or suspended. Two aggregators quote a Rs 300 renewal fee against Rs 500 on the issuer page and MITC. IRCTC surcharge waiver was cut to 1% in Jun 2020 and rent stopped earning points from 1 Jul 2023 (issuer notices). The page is live with 'Apply Now' in its title; status open treated as confirmed. Page vs earlier value (page used): accelerated classes: issuer notice listed AC1, AC2, AC3 and AC Chair Car; page adds Executive Chair Car; renewal bonus of 500 RP was not recorded before. 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 Platinum Card?
- Rs 500 a year, before GST.
- Does the IRCTC SBI Platinum Card give airport lounge access?
- Yes. In India: 4 railway lounge visits per year in India, max 1 per quarter, primary cardholder only; no airport lounge. Outside India: none listed.
- What is the forex markup on the IRCTC SBI Platinum Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the IRCTC SBI Platinum Card?
- Fuel earns no points (page). Not on the page (aggregator / issuer notices): rent, wallet loads, cash advance, balance transfer, fees, merchant EMI, Flexipay, government