KrisFlyer SBI Credit Card – Benefits, Fees & Eligibility

Introduction

The KrisFlyer SBI Credit Card is designed for individuals who frequently travel with Singapore Airlines and are members of the KrisFlyer loyalty program. This mid-range offering, available on both American Express and Mastercard networks, provides exclusive benefits across the entire Singapore Airlines Group, including accelerated reward earnings on flights and international spending, along with valuable travel perks such as complimentary lounge access. It aims to deliver significant value through KrisFlyer Miles and tiered memberships based on annual spending.

Welcome Benefits

• Receive 3,000 KrisFlyer miles upon payment of the annual fees and completing the first transaction within 60 days of card issuance.
• The KrisFlyer miles will be automatically transferred to your KrisFlyer account on the statement date.

Fees

• Joining Fee: ₹2,999 + applicable taxes
• Annual Fee: ₹2,999 + applicable taxes
• Renewal Fee (per annum): ₹2,999 + applicable taxes, from the second year onwards
• Add-on Fee (per annum): Nil
• Rewards Redemption Fee: ₹99 + GST
• Foreign Currency Markup: 3.5%
• Interest Rates: 3.75% per month (45% per annum)
• Fuel Surcharge: 1% Fuel Surcharge Waiver across all Petrol Pumps in India on fuel transactions ranging from ₹500 to ₹4,000.
  • Maximum fuel surcharge waiver of ₹250 per statement cycle per credit card account.
  • 1% fuel surcharge waiver on transactions up to ₹3,000.
• Cash Advance Charges: 2.5% or ₹500, whichever is higher.

Rewards

• Earning Rate:
  • Earn 5 KrisFlyer miles per ₹200 spent on Singapore Airlines Group (Singapore Airlines, Scoot, Pelago, Kris+, and the KrisShop website).
  • Earn 5 KrisFlyer miles per ₹200 on international spends.
  • Earn 2 KrisFlyer miles per ₹200 on other eligible spends.
• Reward Exclusions: No KrisFlyer Miles are awarded for Property Rental, Fuel, and Wallet Upload transactions.
• Milestone Benefits:
  • Receive an additional 3,000 KrisFlyer miles as Milestone Rewards on annual spends of ₹3 Lacs.
    • These KrisFlyer miles will be transferred to your KrisFlyer account on the statement date.
  • Achieve a Tier upgrade to KrisFlyer Elite Silver membership on spends of ₹2.5 Lacs on Singapore Airlines.
• Lounge Benefits:
  • Enjoy 1 complimentary Domestic Airport Lounge visit every quarter.
  • Receive complimentary membership to the Priority Pass Program, valued at $99.
  • Get 4 complimentary International Airport Lounge visits per year (maximum 1 visit per quarter).
    • A usage fee of up to $27 + applicable taxes will be charged for visits to Priority Pass member lounges after the complimentary visits are exhausted.
    • Only Primary Cardholders are eligible for Priority Pass membership, which is valid for 2 years.
• Insurance Coverage:
  • Air Accident cover of ₹1 Crore. (Note: This complimentary Air Accident insurance coverage will be discontinued with effect from 26th July 2025).
  • Baggage loss/delay cover of ₹1 Lac.
  • Fraud loss cover of ₹1 Lac.

Rewards Redemption Guide

• Rewards are earned as KrisFlyer Miles.
• The KrisFlyer miles earned will be automatically transferred to your KrisFlyer account on the statement date.
• These KrisFlyer Miles are valid for a period of two years.

Card Review

The KrisFlyer SBI Credit Card is an excellent choice for individuals who are frequent flyers with Singapore Airlines and are active KrisFlyer members. As a mid-range co-branded card, it offers a strong value proposition through accelerated KrisFlyer Miles on Singapore Airlines Group spending and international transactions. Meeting the specified annual spending thresholds unlocks valuable milestone benefits, including additional KrisFlyer miles and a tier upgrade to KrisFlyer Elite Silver membership. The card also provides useful travel benefits such as complimentary domestic and international airport lounge access, along with crucial insurance covers for travel.

Pros

• It is an affordable co-branded credit card for Singapore Airlines, offering benefits comparable to more premium options.
• High reward rate on Singapore Airlines Group and international spends.
• Includes complimentary domestic and international airport lounge access.
• Provides valuable insurance covers for travel-related contingencies.

Cons

• Being a co-branded card, its primary benefits are concentrated on flights and bookings with Singapore Airlines, which might limit its appeal for those not loyal to the airline.
• The complimentary Air Accident insurance coverage of ₹1 Crore will be discontinued from 26th July 2025.

Important Product Details

• KrisFlyer miles will be automatically transferred to your KrisFlyer account on the statement date.
• KrisFlyer Miles earned are valid for a period of two years.
• Usage fee up to $27 + applicable taxes will be charged on your KrisFlyer SBI Card for visits to Priority Pass member lounges after the complimentary visits are exhausted.
• Only Primary Cardholders are eligible for Priority Pass, and the complimentary membership will be valid for 2 years only.
• The maximum fuel surcharge waiver is ₹250 per statement cycle per credit card account.
• The complimentary Air Accident insurance coverage of ₹1 Crore will be discontinued with effect from 26th July 2025.
• The card offers Contactless Advantage for fast, convenient, and secure daily purchases.
• Global Acceptance: Your KrisFlyer SBI Card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
• Add-on Cards: You can empower your family with add-on cards for your parents, spouse, children, or siblings above the age of 18.
• Cash Access Across the World: You can withdraw cash from over 1 million MasterCard or Visa ATMs, including 18,000 ATMs in India and over 10,000 SBI ATMs across 100 plus cities in India.
• Easy Bill Pay Facility: Pay your electricity, telephone, mobile, and other utility bills using the Easy Bill Pay facility.
• Flexipay: Convert transactions of ₹2,500 or more into easy monthly installments by logging onto sbicard.com within 30 days of purchase.
• Balance Transfer on EMI: Transfer outstanding balances from other banks’ credit cards to your KrisFlyer SBI Card to avail a lower interest rate and pay back in EMIs. This service can be availed by logging onto sbicard.com.

Other Details

• For assistance, please call the SBI Card helpline at: 39 02 02 02 (prefix local STD code) or 1860 180 1290.
• Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted.
• All applicable taxes would be charged on all fees, interest, and charges.
• The value proposition of the co-brand product may be funded jointly by SBI Card and the co-brand partner, with fee and revenue sharing between the two parties.
• Continued use of the card will be deemed acceptance of any amendments to the terms and conditions.