M16S / State Bank of India (SBI Card) / South Indian Bank SBI Platinum Credit Card
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South Indian Bank SBI Platinum Credit Card
The South Indian Bank SBI Platinum Credit Card costs Rs 2,999 a year. Its base return is 0.5% (2 RP per Rs 100 on other categories). Accelerated earn: 5X RP on dining, departmental stores and international spends. The forex markup is 3.5%. Lounge visits in India: 2 per quarter. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 2,999+ 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 2,999 |
|---|---|
| Annual fee | Rs 2,999 |
| Fee notes | Annual fee Rs 2,999, renewal Rs 2,999; no spend-based reversal on the page or in the MITC. Add-on card free. |
Rewards
| Welcome benefit | Rs 3,000 e-gift voucher (Yatra, Hush Puppies/Bata, Westside, Aditya Birla Fashion, Shoppers Stop and others); link sent within 21 days of annual-fee realisation |
|---|---|
| Reward currency | Reward Points |
| Base earn | 2 RP per Rs 100 on other categories |
| Base return | 0.5% |
| Point value | 4 RP = Re 1 (Rs 0.25 per RP) |
| Accelerated earn | 5X RP on dining, departmental stores and international spends |
| Caps | Up to 7,500 RP per month (accelerated); after the cap, 2 RP per Rs 100 continues |
| Points expiry | 24 months |
| Milestone benefits | Rs 3,000 e-gift voucher at Rs 4 lakh and again at Rs 5 lakh annual spend; renewal gift of Rs 3,000 voucher on Rs 2 lakh spend in the previous year |
| Reward notes | base_return_pct = 2 RP per Rs 100 x Rs 0.25 (4 RP = Re 1), both stated on the issuer page; 5X categories 2.5% up to the monthly cap. 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 | 2 per quarter |
|---|---|
| International lounge | Priority Pass membership worth USD 99 (primary cardholder, valid 2 years); no free visits, USD 27 + taxes per visit |
| Lounge conditions | Listed in issuer Set B revised domestic lounge list from 10 Jan 2026 (issuer lounge PDF). |
| 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 | Golf: access to 300+ courses, 30% off green fees; Rs 1 lakh fraud liability cover. Rs 50 lakh air accident cover withdrawn 11 Aug 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: status was 'closed-to-new' (unverified, from the earlier aggregator pass); the issuer page is live and says 'To apply for your South Indian Bank SBI Platinum Credit Card, visit the nearest South Indian Bank Branch', so status is set to open. The .html address (south-india-bank-sbi-platinum-card.html) carries the same content. Sold through South Indian Bank branches. 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 South Indian Bank SBI Platinum Credit Card?
- Rs 2,999 a year, before GST.
- Does the South Indian Bank SBI Platinum Credit Card give airport lounge access?
- Yes. In India: 2 per quarter. Outside India: Priority Pass membership worth USD 99 (primary cardholder, valid 2 years); no free visits, USD 27 + taxes per visit. Conditions: Listed in issuer Set B revised domestic lounge list from 10 Jan 2026 (issuer lounge PDF).
- What is the forex markup on the South Indian Bank SBI Platinum Credit Card?
- 3.5% of each foreign-currency transaction, before GST.