KrisFlyer SBI Credit Card – Benefits, Fees & Eligibility

Introduction

The KrisFlyer SBI Credit Card, issued by SBI Card, is positioned as a mid-range offering designed for KrisFlyer members. It is ideal for individuals seeking benefits with KrisFlyer without significant spending. This card offers high rewards, including 5 KrisFlyer Miles per ₹200 spent on the Singapore Airlines Group and international transactions. Key differentiating benefits include complimentary Priority Pass membership, access to both domestic and international airport lounges, and a welcome bonus of 3,000 KrisFlyer Miles. The card is available on both American Express and Mastercard networks.

Welcome Benefits

• Receive 3,000 KrisFlyer Miles upon successful payment of the joining fees and making the first transaction with the card within the first 60 days of card issuance.
• Miles are automatically credited to your KrisFlyer Account on the statement date.

Fees

• Joining Fee

  • ₹2,999 + GST/taxes

• Annual Fee

  • ₹2,999 + GST/taxes

• Renewal Fee

  • ₹2,999 + GST/taxes (from the second year onwards)

• Spend-Based Waiver

  • Not applicable for fee waiver.

• Rewards Redemption Fee

  • ₹99 + GST

• Foreign Currency Markup

  • 3.5%

• Interest Rates

  • 3.75% Per Month (45% Per Annum)

• Fuel Surcharge Waiver

  • Enjoy a 1% fuel surcharge waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India.
  • Maximum waiver of ₹250 per statement cycle, per credit card account.

• Cash Advance Charges

  • 2.5% or ₹500, whichever is higher.

• Add-on Fee

  • Nil

Rewards

• Reward Rates

  • 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 all other eligible spends.
  • No KrisFlyer Miles are awarded for fuel, rental, utility, government, and wallet payments.
  • Reward Points are not applicable on some spend categories; refer to Terms & Conditions for more details.
  • KrisFlyer Miles earned are valid for a period of two years.

• Milestone Benefits

  • Receive an additional 3,000 KrisFlyer Miles on annual spends of ₹3 Lakhs.
  • Get a Tier upgrade to KrisFlyer Elite Silver Membership on annual spends of ₹2.5 Lakhs on Singapore Airlines (bookings made via Singapore Airlines App and Website).

• Travel Benefits

  • Get a complimentary Priority Pass membership (worth $99).
  • Enjoy 1 free domestic airport lounge visit each quarter (4 annually).
  • Receive 4 complimentary international airport lounge visits per year (maximum 1 visit per quarter).
  • Post complimentary visits, a usage fee up to $27 + taxes will be charged for visits to the Priority Pass Member Lounge.
  • Only Primary Cardholders are eligible for Priority Pass, and complimentary membership will be valid for 2 years only.

• Insurance Benefits

  • Baggage Loss/Delay Cover: ₹1 Lakh
  • Fraud Loss Cover: ₹1 Lakh

• Other Features

  • Contactless Advantage: Tap & Pay with ease for everyday payments, offering fast, convenient, and secure transactions. Mastercard PayWave’s or Visa PayWave’s unique security key ensures only one transaction is processed even if tapped multiple times.
  • Global Acceptance: Accepted at over 24 million outlets globally, including 3,25,000 outlets in India.
  • Cash Access Across the World: Withdraw cash from over 1 million MasterCard or Visa ATMs across the globe, including 18,000 ATMs in India and over 10,000 SBI ATMs across 100+ cities in India.
  • Flexipay EMI: Convert eligible purchases of ₹2,500 or more into easy monthly EMIs.
  • Add-on Cards: Empower your family with add-on cards for your parents, spouse, children, or siblings above the age of 18.
  • Easy Bill Pay Facility: Pay your electricity, telephone, mobile, and other utility bills.
  • Balance Transfer on EMI: Save money on credit card repayments by transferring outstanding balances of other banks’ credit cards to your KrisFlyer SBI Card at a lower interest rate and repaying in easy EMIs.

Rewards Redemption Guide

• Rewards are earned as KrisFlyer Miles.
• Miles are automatically credited to your KrisFlyer Account on the statement date.
• KrisFlyer Miles, both accelerated and regular, will be credited in the next statement cycle.

Card Review

The KrisFlyer SBI Credit Card is most suited for individuals who frequently fly with Singapore Airlines or make other purchases with the airline group. If the required annual spending amount is met, this card offers substantial rewards.

• Pros

  • It is an affordable co-branded credit card for Singapore Airlines, compared to the KrisFlyer SBI Apex Credit Card.
  • Offers a high reward rate on flight bookings and beneficial insurance covers.
  • Includes complimentary airport lounge visits (domestic and international).

• Cons

  • Since it is a co-branded credit card, its benefits are primarily tailored for flights or other bookings with Singapore Airlines.
  • There are no renewal benefits offered with this card, making it potentially less rewarding after the first year.

Important Product Details

• Ideal for those who often fly with Singapore Airlines or make purchases within the Singapore Airlines Group.
• Offers a high reward rate on spends with Singapore Airlines Group and international transactions.
• Provides complimentary Priority Pass membership.
• Includes complimentary domestic and international airport lounge access.
• Comes with beneficial insurance covers for baggage loss/delay and fraud loss.
• The card has a joining and annual charge of ₹2,999 + GST/taxes.
• No renewal benefits are explicitly offered with this card.

Other Details

• The KrisFlyer SBI Credit Card is available on both the American Express and Mastercard networks.
• All taxes would be charged as applicable 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 based on their financial arrangement, which may involve fee and revenue sharing.
• Continued use of the card will be deemed acceptance of amendments in all Terms and Conditions.
• For assistance, you can call the SBI Card Helpline at 1860 180 1290 or 39 02 02 02 (prefix your city STD code).
• Any disputes arising out of the Offer between the Cardholder and SBICPSL shall be subject to arbitration by a sole arbitrator appointed by SBICPSL, conducted as per the provisions of the Arbitration and Conciliation Act, 1996, in New Delhi, with English as the language of arbitration.
• SBICPSL may engage agents and/or third parties for marketing, sales, or related services.
• Cheques payable outside clearing zones are not accepted; only local cheques or drafts payable in Delhi are accepted for payment.