M16S / State Bank of India (SBI Card) / Shaurya SBI Card
entry · rewards
Shaurya SBI Card
The Shaurya SBI Card costs Rs 250 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.25% (1 RP per Rs 100 on all other categories). Accelerated earn: 5X Reward Points on CSD, dining, movies, departmental stores and grocery spends. The forex markup is 3.5%. It lists no airport lounge access. Read from the issuer's documents and an aggregator on 12 Oct 2026.
- Annual fee
- Rs 250+ GST
- Fee waived at
- Rs 50,000annual spend
- Base return
- 0.25%
- Forex markup
- 3.5%
- Interest
- 2.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 250 |
|---|---|
| Annual fee | Rs 250 |
| Annual spend that waives the fee | Rs 50,000 |
| Fee notes | Annual fee Rs 250 + taxes; renewal fee Rs 250 from second year, waived on annual spends of Rs 50,000 or more (product page). |
Rewards
| Welcome benefit | 1,000 RP on payment of the first-year annual fee of Rs 250, credited within 15 working days |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 RP per Rs 100 on all other categories |
| Base return | 0.25% |
| Point value | 4 RP = Re 1 against card outstanding (Rs 0.25 per RP); rewards catalogue also available |
| Accelerated earn | 5X Reward Points on CSD, dining, movies, departmental stores and grocery spends |
| Capsunverified | 5X points capped at 5,000 per month (issuer notice, 1 Jun 2021) |
| Spends that earn nothingunverified | Fuel, wallet loads, EMI |
| Points expiry | 24 months |
| Reward notes | base_return_pct = 1 RP per Rs 100 x Rs 0.25 (4 RP = Re 1, both from the product page) = 0.25%; 5X categories 1.25%. 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 loungeunverified | None |
|---|---|
| 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 | Complimentary personal accident insurance cover of Rs 2 lakh (RuPay network cards only) |
Charges and eligibility
| Interest per month | 2.75% |
|---|---|
| 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 | Serving defence personnel |
| Fine-print notes | Benefit fields now read from the issuer's product page (rendered 2026-10-12). Network set to RuPay from the page's insurance line ('applicable only on RuPay network cards') and its Pulse/Discover/Diners ATM acceptance text; whether other networks are issued is not stated. Exclusions and eligibility are not on the page and stay from Card Insider. The page lists no lounge or milestone benefit. Finance charge is 2.75% a month for Shaurya/Defence cards (MITC). The .page address was the one rendered (entry earlier pointed at the .html address). Page vs earlier value (page used): fuel waiver cap was Rs 250 per cycle (Card Insider); page says maximum Rs 100 per statement cycle. 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 Shaurya SBI Card?
- Rs 250 a year, before GST. It is waived if you spend Rs 50,000 in a year.
- Does the Shaurya SBI Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Shaurya SBI Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Shaurya SBI Card?
- Fuel, wallet loads, EMI