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SBI Credit Card Reward Points: How to Earn & Redeem

Home Credit Card SBI BANK Credit Card Reward Points

SBI credit cards, offer reward points on all purchases and spends every time you swipe your card. These reward points allow you to maximize savings, by redeeming them across multiple categories, such as travel, lifestyle, shopping, etc. Read on to know all about SBI credit card reward points and how to earn and redeem these rewards across SBI rewards catalogue.

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Updated: 02-05-2023 10:22:51 AM

The reward points you earn with your SBI Credit Card, can be redeemed across multiple categories, such as accessories, apparel, electronics, entertainment, dining, home appliances, etc. While you earn reward points on all SBI credit cards, each card has its own unique reward system that may vary across reward redemption value, or against different redemption options. You can redeem your earned reward points against hotel bookings, airline, gift vouchers, etc. On this page, we have listed all about SBI credit card reward points, including how you can check and redeem them.

Top SBI Credit Cards for Reward Points

Some of the top SBI credit cards that will help you earn a good value back in the form of reward points are mentioned in the table below:

SBI Credit Card Annual Fee Reward Benefits
BPCL SBI Credit Card Rs. 499
  • 5X reward points on every Rs. 100 spent on groceries, departmental stores, movies & dining
  • 1 reward point for every Rs. 100 spent on non-fuel retail purchases
Yatra SBI Credit Card Rs. 499
  • 6 reward points on every Rs. 100 spent on departmental stores, grocery, dining, movies, entertainment and international spends
SBI SimplyClick Credit Card Rs. 499
  • 10X rewards on online spends with exclusive partners
  • 5X rewards on all other online spends
  • 1 reward point per Rs. 100 on all other spends
SBI SimplySave Credit Card Rs. 499
  • 10 reward points per Rs. 150 spent on dining, movies, departmental stores and groceries
  • 1 reward point per Rs. 150 spent on other categories
BPCL SBI Octane Credit Card Rs. 1,499
  • 25 reward points on every Rs. 100 spent at BPCL Fuel, Lubricants & Bharat Gas (Website and app only)
  • 10 reward points on every Rs. 100 spent at dining, departmental stores, groceries & movies
  • 1 reward point per Rs. 100 spent on other retail purchases
SBI Pulse Credit Card Rs. 1,499
  • 10 reward points per Rs. 100 spent on chemist, pharmacy, dining and movies spends
  • 2 reward points per Rs. 100 spent on all other spends
SBI Card Prime Rs. 2,999
  • 10 reward points per Rs. 100 spent on dining, groceries, departmental stores and movies
  • 2 reward points per Rs. 100 on all other retail spends
SBI Card Elite Rs. 4,999
  • 5X reward points on dining, departmental stores and grocery spends
  • 2 reward points per Rs. 100 on all other spends
  • 9 Club Vistara points for every Rs. 100 spent on Vistara flights
Nature’s Basket SBI Card Elite Rs. 4,999
  • 20 reward points on every Rs. 100 spent at Nature’s Basket
  • 10 reward points on every Rs. 100 spent at dining, movies, entertainment and international spends
  • 2 reward points per Rs. 100 spent on other retail purchases
Air India SBI Signature Credit Card Rs. 4,999
  • 4 reward points for every Rs. 100 spent
  • Up to 1,00,000 bonus reward points annually

Best Rewards Credit Cards | Check Eligibility for Top Credit Cards

On this page
SBI Credit Card Reward Points
How to Check SBI Credit Card Reward Points
How to Redeem SBI Credit Card Reward Points
SBI Credit Card Rewards Catalogue
FAQs

SBI Credit Card Reward Points

You can earn rewards just by using your card to make purchases at retail stores and online payments, and later redeem SBI credit card reward points against numerous options. These reward points can be exchanged for merchandise, gift vouchers, reversal of fees, etc. Though the reward points are usually not considered while applying for a card, yet the benefits they provide can help you save significantly while repaying the amount due and on making purchases.

SBI Card has updated the terms and conditions related to transactions that are not eligible for earning reward points. From July 1, 2020 onwards, the following transactions will not earn any reward points on SBI credit cards:

  • E-Wallet loading transactions
  • Cash withdrawal
  • Balance transfer
  • Disputed transactions
  • Purchases at petrol pumps or service stations
  • Encash or Dial-a-draft facility
  • Financial charges including, late payment charges, dishonored cheque charges, etc.

Also, in case you cancel or return a transaction and request a refund, the reward points earned on the transaction will be reversed. Same is the case with charge disputes.

Suggested Read: 7 strategies to earn the maximum reward points on credit cards

Axis-Bank-Credit-Cards-Digitally

How to Check SBI Credit Card Reward Points

You can check your SBI credit card reward points on your card through the following:

  • Check the rewards points summary section on your latest credit card statement
  • You can click on the Chatbot ILA. Follow ‘Statement’ >> ‘I want to view my statement’ >> log-in to your credit card account
  • Give a missed call at 8422845514 from your registered mobile number
  • Send an SMS- REWARDS XXXX (X is the last 4 digits of the credit card) to 5676791 from your registered mobile number
  • Log in to the SBI Cardo the ‘Rewards’ section and website by clicking here
  • You can also view available reward points by logging into SBI Card mobile app

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How to Redeem SBI Credit Card Reward Points

You can redeem your SBI credit card reward points via both online and offline modes. To redeem the rewards points online, you can either use net banking or mobile banking. For offline redemption, you can contact the bank’s customer care.

SBI Credit Card Reward Points Redemption Online via Internet Banking:

Step 1- Login to the SBI Card portal using your customer ID and password.
Step 2- Go to the ‘Rewards’ section and click on ‘Redeem Rewards’.
Step 3- Filter the Reward Points, City and Category.
Step 4- Check the items on the ‘Rewards Catalogue’ and select one as per your choice.
Step 5- Click on ‘Redeem Now’ to confirm.

SBI Credit Card Reward Points Redemption Online via Mobile Banking:

Step 1- Login to SBI Card mobile app with your Customer ID and password.
Step 2- From the left side menu, select the ‘Rewards’ option and click on ‘Redeem Rewards’.
Step 3- Filter the Reward Points, City and Category.
Step 4- Check the items on the ‘Rewards Catalogue’ and select one as per your choice.
Step 5-  Click on ‘Redeem Now’ to confirm and proceed with your redemption process.

SBI Credit Card Rewards Redemption Offline:

You can redeem credit card reward points by calling on the SBI credit card customer care number. The customer care executive will help you with the redemption process.

Know more about How to Redeem SBI Credit Card Reward Points.

On some SBI Credit Cards, especially those with travel-centric benefits, you can convert the accumulated reward points into Air Miles and redeem the same for booking a flight ticket. The Air Mile conversion feature is available on the following SBI Cards:

  • Air India SBI Platinum Card
  • Air India SBI Signature Card

The rate of Air Mile conversion is 1 Reward Point = 1 Air India Mile. Note that these Air Miles can be redeemed only when booking flight tickets on Air India. Apart from this, there are other SBI credit cards launched in collaboration with Vistara Flights that offer Club Vistara Points as reward points. These cards are:

  • SBI Card ELITE
  • SBI Card PRIME

Suggested: 4 Questions To Ask About Your Credit Card Rewards Program

SBI Credit Card Rewards Catalogue

SBI credit card rewards catalogue allows redemption of reward points, against the following categories:

  • Electronics
  • Homeware and Kitchenware
  • Lifestyle and Luxury
  • Dining and Entertainment
  • Apparel and Accessories
  • Health and Fitness
  • Travel and Holiday
  • E-vouchers

Items from renowned brands like Apple, Phillips, Prestige, Wildcraft, American Tourister, Titan, Paul Smith, Fab India, Yatra, Shoppers Stop, etc., are offered by SBI Card against your accumulated reward points.

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FAQs

Q. How can I redeem SBI reward points?

A. There are two ways of redeeming the earned reward points; Online and Offline. Once you know how to redeem SBI reward points, you can convert them and purchase electronics items, apparel and accessories and much more.

Q. How can I check my SBI credit card reward points summary?

A. You can check the summary of your reward points through your credit card statement that shows the closing balance of your reward points. Alternatively, you can also send an SMS – REWARDS (Last four digits of your card number) from your registered mobile number to 5676791. SBI Card also allows you to check your reward points balance by logging in to your SBI Credit Card account on the web portal or mobile app.

Q. How much time does it take for the SBI credit card reward redemption benefit to reach me?

A. If you have opted for an e-voucher, it will be delivered within 3-10 working days. However, if you have ordered any item from the rewards catalogue, then it will take 15-30 days to deliver the product to your address.

Q. Are there any charges for redeeming SBI credit card reward points?

A. Yes, SBI Card charges a rewards redemption fee of Rs. 99 plus GST for reward points redemption. Therefore, it is important to read about all the terms and conditions carefully before applying for a credit card.

Q. Can I change the delivery/billing address after placing an order through my SBI Credit Card?

A. The item will be delivered only to the registered address of the primary credit card owner. If you want to make any changes to the given address, then you can do the same by calling SBI Card customer care. You must remember that any kind of change in address will be made after successful verification.

Q. What is the validity of SBI credit card reward points?

A. The reward points earned on your SBI credit card come with a validity of 24 months, i.e., 2 years. For an instance, if you have a rewards balance of 1,000 reward points on 25 Jan 2022. Then, this balance will be valid till 25 Jan 2024. After this date, your earned reward points will expire and you won’t be able to redeem them.

Q. How to redeem SBI credit card points in cash?

A. SBI Card has provided the facility to convert reward points into cash. You can call on the toll-free number 1800 180 1290 or (prefix local STD code) 39 02 02 02 and ask for the conversion of your points into cash. You can also write a mail by visiting https://www.sbicard.com/en/webform/write-to-us-login.page.

Q. What is SBI credit card reward points value in rupees?

A. The value of SBI credit card reward points is different for different cards. Some cards offer 1 Reward Point = 1 Air mile whereas while converting into cash, the rate is 1 Reward Point = Re. 0.25 for most cards.

Q. Can SBI debit cardholders earn reward points?

A. Yes, SBI debit card holders can earn reward points too. You need to visit SBI Rewardz website and after logging in, you will be able to see the reward points earned on your debit card. You can choose the option of buying products from the catalogue or choose the option of converting SBI debit card points to cash.

Q. Can I redeem the reward points once my SBI Credit Card is closed?

A. No, you will not be able to redeem your credit card reward points after the closure of your card account.

Q. Can I pay my SBI Credit Card outstanding using my reward points?

A. Yes, you can pay your outstanding amount via the accumulated reward points. However, you can use your reward points only in the multiples of 2,000 for the same.

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