Nature’s Basket SBI Card – Benefits, Fees & Eligibility

Introduction

The Nature’s Basket SBI Card is a co-branded credit card issued by SBI Cards in partnership with Nature’s Basket, a premium grocery brand in India. Positioned as a mid-range to premium card, it is tailored for customers with gourmet tastes and frequent grocery spends. Key differentiators include accelerated reward points on Nature’s Basket purchases, complimentary domestic airport lounge access, and a fuel surcharge waiver.

Welcome Benefits

• Gift voucher worth Rs. 1,500 from Nature’s Basket upon payment of the annual fee.
• Complimentary access to the ‘Epicure’ Nature’s Basket Loyalty Program.

Fees

• Joining Fee: Rs. 1,499 + GST.
• Renewal Fee: Rs. 1,499 + GST.
• Spend-Based Waiver: Renewal fee waived on spending Rs. 2 Lakhs or more in the previous year.
• Rewards Redemption Fee: Rs. 99 per redemption request.
• Foreign Currency Markup: 3.5% on all international transactions.
• Interest Rates: 3.5% per month (42% annually) on unpaid dues.
• Fuel Surcharge Waiver: 1% on fuel transactions between Rs. 500 and Rs. 3,000 at all fuel stations in India, capped at Rs. 100 per statement cycle.
• Cash Advance Charges: 2.5% of the transaction amount or Rs. 500, whichever is higher.

Rewards

Movies & Dining

• 5 Reward Points for every Rs. 100 spent on dining-related transactions.
• 5 Reward Points for every Rs. 100 spent on movie-related expenses.

Rewards Rate

• 10 Reward Points (7 from SBI Card + 3 from Nature’s Basket) for every Rs. 100 spent at Nature’s Basket.
• 5 Reward Points for every Rs. 100 spent on dining, movies, entertainment, and international spends.
• 1 Reward Point for every Rs. 100 spent on all other retail transactions (excluding fuel).

Travel

• Complimentary access to Domestic Airport Visa Lounges in India.
• 4 complimentary visits per year, limited to 1 visit per quarter.

Domestic Lounge Access

• 4 complimentary visits per year to Domestic Airport Visa Lounges in India.

International Lounge Access

• Not available.

Golf

• Not available.

Insurance Benefits

• Not available.

Lifestyle & Milestone Benefits

• Gift vouchers from premium brands such as Aldo, Bath & Body Works, and Charles & Keith as milestone benefits.
• Gift voucher worth Rs. 3,000 from one of the premium brands (Aldo, Inglot, Bath & Body Works, Charles & Keith) upon spending Rs. 3 Lakhs in an anniversary year.

Other Benefits

• 1% fuel surcharge waiver at all fuel stations.
• Zero credit card lost liability for fraudulent transactions if the loss or theft is reported immediately.

Rewards Redemption Guide

• Reward points can be redeemed through the SBI Bank Shop and Smile Rewards Catalogue against products and vouchers.
• Points can be converted into Nature’s Basket Points via the Nature’s Basket Loyalty Program by contacting customer care, using SBI mobile banking, or logging into the SBI website.
• Conversion rate: 4 Reward Points = Re. 1.

Card Eligibility Criteria

• Only Indian residents can apply.
• Salaried and self-employed individuals above 18 years of age are eligible.
• Add-on cardholders must be at least 18 years old.
• Applicants must have a stable source of income.
• A good credit score is required for eligibility.

Card Review

• Who Should Apply: Ideal for frequent shoppers at Nature’s Basket and those who value grocery-related rewards, domestic lounge access, and lifestyle vouchers.
• Pros:
  • High reward points on Nature’s Basket spends.
  • Complimentary domestic lounge access.
  • Attractive welcome and milestone benefits.
  • Fuel surcharge waiver.
• Cons:
  • Annual and joining fees are relatively high for a non-lounge or non-travel-focused card.
  • Limited international and insurance benefits.
• Value: Offers strong value for customers with regular grocery and dining spends, especially those who shop at Nature’s Basket.

Important Product Details

• 2x Reward Points on spends at Nature’s Basket.
• 5 Reward Points on movies, dining, entertainment, and international spends.
• Welcome benefits include Nature’s Basket gift vouchers and complimentary ‘Epicure’ loyalty program access.
• Milestone benefits include gift vouchers from premium brands.
• Complimentary access to Domestic Visa Airport Lounges in India.
• 1% fuel surcharge waiver at all fuel stations.

Other Details

• The card can be applied for online via the SBI Card website or offline at the nearest SBI branch.
• Required documents include Identity Proof, Address Proof, and Income Proof.
• Terms and conditions apply, including the capped fuel surcharge waiver and eligibility requirements.