M16S / State Bank of India (SBI Card) / Shaurya Select SBI Card
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Shaurya Select SBI Card
The Shaurya Select SBI Card costs Rs 1,499 a year, waived if you spend Rs 1,50,000 in a year. Its base return is 0.5% (2 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%. 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 1,50,000annual spend
- Base return
- 0.5%
- Forex markup
- 3.5%
- Interest
- 2.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 1,499 |
| Annual spend that waives the fee | Rs 1,50,000 |
| Fee notes | First-year fee waived; renewal fee Rs 1,499 from second year, reversed if previous-year spend >= Rs 1,50,000 (product page; its fee box also shows 'Annual Fee: Rs 1,499 + taxes'). |
Rewards
| Welcome benefit | None stated on the page; 1,500 RP on payment of renewal fee |
|---|---|
| Reward currency | Reward Points |
| Base earn | 2 RP per Rs 100 on all other categories |
| Base return | 0.5% |
| 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 |
| Spends that earn nothingunverified | Fuel, cash |
| Points expiry | 24 months |
| Milestone benefits | Rs 500 Pizza Hut e-voucher on spending Rs 50,000 in a calendar quarter; Rs 7,000 e-gift voucher from Yatra or Pantaloons on annual spends of Rs 5 lakh; renewal fee waived at Rs 1.5 lakh |
| Reward notes | base_return_pct = 2 RP per Rs 100 x Rs 0.25 (4 RP = Re 1, both from the product page) = 0.5%; 5X categories 2.5%. 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 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 | Complimentary personal accident insurance cover of Rs 10 lakh (offered by RuPay); 24x7 concierge services |
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 | Defence and paramilitary personnel |
| Fine-print notes | Benefit fields now read from the issuer's product page (rendered 2026-10-12). Network RuPay from the page's 'offered by RuPay' insurance line. Exclusions and eligibility are not on the page and stay from Card Insider. The page lists no international lounge benefit ('None' kept as unverified). The .page address was the one rendered (entry earlier pointed at the .html address). Page vs earlier value (page used): page shows both 'Annual Fee: Rs 1,499 + taxes' and 'Annual Fee: First year fee waived off'; joining_fee kept at 0 as 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 Shaurya Select SBI Card?
- Rs 1,499 a year, before GST. It is waived if you spend Rs 1,50,000 in a year.
- Does the Shaurya Select SBI 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 Shaurya Select SBI Card?
- 3.5% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Shaurya Select SBI Card?
- Fuel, cash