M16S / State Bank of India (SBI Card) / SBI Card PULSE
mid · rewards
SBI Card PULSE
The SBI Card PULSE costs Rs 1,499 a year, waived if you spend Rs 2,00,000 in a year. Its base return is 0.5% (2 RP per Rs 100 on all other spends). Accelerated earn: 10 RP per Rs 100 on chemist, pharmacy, sports, dining and movies. The forex markup is 3.5%. Lounge visits in India: 4 per year, max 1 per quarter. 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
- 0.5%
- 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
- SBI Card ends free air accident cover on five cards, Jul 2025
From 15 Jul 2025 SBI Card discontinues the complimentary Air Accident insurance: Rs 1 crore on Elite, Miles Elite and Miles Prime; Rs 50 lakhs on Prime and Pulse. 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 stops reward points on digital gaming from Dec 2024
SBI Card lists AURUM, SBI Card Elite, Pulse, SimplyCLICK, PRIME and SimplySAVE among the cards that earn no Reward Points on Digital Gaming Platforms/Merchants from 1 Dec 2024. 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 June 2024
SBI Card lists AURUM, SBI Card Elite, Pulse, SimplyCLICK, PRIME and SimplySAVE among the cards that earn no Reward Points on government related transactions from 1 Jun 2024. Source: SBI Card, sbicard.com, read 28 Oct 2026
- SBI Card stops reward points on rent payments from April 2024
SBI Card lists AURUM, SBI Card Elite, Pulse, SimplyCLICK, PRIME and SimplySAVE among the cards that earn no Reward Points on rent payments from 1 Apr 2024. 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 | Renewal fee reversed on Rs 2 lakh annual spend. |
Rewards
| Welcome benefit | Noise ColorFit Pulse 4 Pro smartwatch worth Rs 7,999 on payment of joining fee |
|---|---|
| Reward currency | Reward Points |
| Base earn | 2 RP per Rs 100 on all other spends |
| Base return | 0.5% |
| Point value | 4 RP = Re 1 (Rs 0.25 per RP) against card outstanding; also rewards catalogue |
| Accelerated earn | 10 RP per Rs 100 on chemist, pharmacy, sports, dining and movies |
| Capsunverified | Accelerated points 7,500 per month |
| Spends that earn nothingunverified | Fuel, wallet loads, cash, balance transfer, EMI |
| Points expiry | 24 months |
| Milestone benefits | Rs 1,500 e-voucher on Rs 4 lakh 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 | 4 per year, max 1 per quarter |
|---|---|
| International lounge | No complimentary visits stated; Priority Pass membership worth USD 99 for first two years |
| Lounge conditionsunverified | Priority Pass visits up to USD 27 + tax each. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1% on fuel txns Rs 500-4,000, cap Rs 250 per statement cycle |
| Other freebies | 1-year FITPASS PRO and Netmeds First memberships on each renewal (subject to fee payment and at least one retail transaction); insurance: fraud liability Rs 1 lakh, loss of check-in baggage up to Rs 72,000 (USD 1,000), baggage delay Rs 7,500, loss of travel documents up to Rs 12,500, flight delay up to Rs 7,500. Rs 50 lakh air accident cover withdrawn 15 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 |
| Eligibilityunverified | Age 18-65; credit score 750+ (aggregator) |
| 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: lounge_domestic was '8 per year, max 2 per quarter' (cardinsider.com), page says 4 a year, 1 per quarter; welcome_benefit carried two smartwatch models (page meta: Pulse 2 Max worth Rs 5,999; aggregator: Pulse 4 Pro worth Rs 7,999), rendered page says Pulse 4 Pro worth Rs 7,999; accelerated_earn omitted sports, page includes it; milestone voucher was described as a Netmeds e-voucher (cardinsider.com), page says only 'Rs 1,500 e-Voucher'. The same page text is served at lifestyle/sbi-card-pulse.page and lifestyle/sbi-card-pulse-sprint.page. Page footer says its information is correct as of July 2023. Page does not state caps, exclusions, the Priority Pass per-visit charge, network or eligibility. 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 SBI Card PULSE?
- Rs 1,499 a year, before GST. It is waived if you spend Rs 2,00,000 in a year.
- Does the SBI Card PULSE give airport lounge access?
- Yes. In India: 4 per year, max 1 per quarter. Outside India: none listed. Conditions: Priority Pass visits up to USD 27 + tax each.
- What is the forex markup on the SBI Card PULSE?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the SBI Card PULSE?
- Fuel, wallet loads, cash, balance transfer, EMI