SBI AURUM Credit Card – Benefits, Fees & Eligibility

SBI AURUM Credit Card

Introduction

The SBI AURUM Credit Card marks SBI Card's entry into the super-premium credit card segment, designed to complement an elegant lifestyle with experiences that aim for the pinnacle of refinement. Boasting a premium metallic design with an elegant black finish adorned with golden stripes, this card is crafted to meet high standards. It offers exclusive privileges, comprehensive rewards, and is ideally suited for individuals who prioritize luxury across categories such as Movies, Travel, Dining, and Shopping, directly competing with elite cards like HDFC Bank Infinia, ICICI Bank Emeralde Private, and American Express Platinum Charge cards.

Welcome Benefits

• Receive 40,000 AURUM Reward Points, equivalent to ₹10,000, upon payment of your first annual fee. (1 AURUM Reward Point = ₹0.25)
• Enjoy a complimentary 1-year Club Marriott Membership.
• Get complimentary 1-year digital subscriptions to The Wall Street Journal and Mint.
• Access a complimentary 1-year membership to Inflection Point Venture (IPV), worth ₹29,382, embracing the role of an Angel Investor.

Fees

• Joining Fee: ₹9,999 + GST
• Renewal Fee: ₹9,999 + GST
• Spend-Based Waiver: The annual membership fee is waived off on achieving annual spends of ₹12,00,000 in the previous anniversary year.
• Rewards Redemption Fee: ₹99 + applicable taxes per redemption request.
• Foreign Currency Markup: 1.99% of the transaction amount.
• Interest Rates: 3.75% per month (45% per annum).
• Fuel Surcharge:
  • 1% fuel surcharge waiver across all petrol pumps in India.
  • Applicable on transactions between ₹500 and ₹4,000, exclusive of GST and other charges.
  • Maximum surcharge waiver of ₹250 per statement cycle, per credit card account.
• Cash Advance Charges: 2.50% of the withdrawn amount, subject to a minimum charge of ₹500.

Rewards

Reward Points Earning

• Earn 4 AURUM Reward Points (ARP) on every non-fuel spend of ₹100 on your AURUM Card.
• 1 AURUM Reward Point (ARP) = ₹0.25, translating to a reward rate of 1%.

Milestone Vouchers

• Monthly Spends:
  • Receive a Tata CliQ voucher worth ₹1,500 on monthly expenditure of ₹1 Lakh.
• Yearly Spends:
  • Receive Tata CLiQ Luxury vouchers worth ₹5,000 on reaching annual spends of ₹5 Lakh.
  • Receive a Taj voucher worth ₹10,000 on annual spends of ₹10 Lakh.
  • Receive Apple vouchers worth ₹20,000 on annual spends of ₹20 Lakh.

Travel Benefits

• Lounge Access:
  • Enjoy 4 complimentary domestic airport lounge accesses per quarter for both primary and add-on cardholders under the Visa/MasterCard Domestic Lounge Program.
  • Receive unlimited international airport lounge access with complimentary membership to the Dreamfolks airport lounge program. One complimentary guest visit each quarter is also offered.
  • Get one complimentary spa access each quarter at select domestic airports.
• Flight Cancellation Benefits:
  • Cover of ₹3,500 per ticket on refundable tickets and ₹3,000 per ticket on non-refundable tickets.
  • Benefits can be availed a maximum of two times per year.
  • Refund excludes taxes and convenience charges on the ticket.

Movies & Dining

• Receive 4 complimentary movie tickets from BookMyShow every month, with a maximum value capped at ₹250 per ticket.
• A maximum of 2 tickets can be booked at a time, and a cooling period of 24 hours is applicable before the next booking can be made.

Golf Privileges

• Enjoy 16 complimentary golf rounds per calendar year (4 per quarter).
• Master the greens with 12 complimentary golf lessons per calendar year.

Insurance Benefits

• Travel insurance coverage of ₹1 Lakh for flight delay and loss of goods or baggage during travel.
• Air accidental death coverage of ₹3.50 Crore.
• Lost Card & Fraud Protection coverage of ₹10 Lakhs.

Lifestyle & Convenience

• AURUM Concierge: Receive top-quality 24×7 dedicated lifestyle concierge assistance for services like hotel reservations, flight bookings, hotel referrals, and gift deliveries.
• AURUM Secretarial Access: Authorize a secretary or executive assistant to conduct limited interactions with SBI Card on your behalf.
• Add-on Cards: Empower your family members, including parents, spouse, children, or siblings above the age of 18, with add-on cards.
• Cash Access: An easy and affordable solution for your cash needs, allowing access to cash from over 1 million ATMs across the globe.
• Safe & Secure: Get enhanced security against counterfeiting and skimming with your chip and PIN-enabled AURUM Card.

Rewards Redemption Guide

• Reward Points earned on your SBI AURUM Credit Card can be redeemed for gift vouchers, flight bookings, and hotel reservations on the dedicated AURUM Rewards portal (rewards.aurumcreditcard.com).
• The monetary value for redemption is 4 Reward Points = ₹1.
• A reward redemption fee of ₹99 plus applicable taxes is chargeable per redemption request.
• You can also transfer your Reward Points for benefits to various flight/hotel loyalty programs at the following conversion rates:
  • 5 Reward Points = 1 Maharaja Club Point
  • 4 Reward Points = 1 Adani Reward Point
  • 5 Reward Points = 1 Club ITC Green Point
  • 5 Reward Points = 1 Avios Point
  • 4 Reward Points = 1 Air Asia Point

Card Eligibility Criteria

The SBI AURUM Credit Card is an invite-only offering by SBI Cards, meaning you cannot directly apply for it online. You must receive an invitation from the card issuer. While there are no pre-defined eligibility criteria, applicants generally need to meet the following requirements to be considered for an invitation:

• Age: Minimum age of 21 for salaried individuals and 25 for self-employed individuals.
• Annual Income: Annual income should be ₹40 Lakhs or above.
• Credit Profile: You should possess an excellent credit score and maintain a strong relationship with the card issuer.
• A high income and a very good credit score are essential to qualify for this premium offering.

Card Review

The SBI AURUM Credit Card is a super-premium offering packed with a comprehensive suite of best-in-class privileges and benefits. It stands as a direct competitor to other high-end cards suchid as HDFC Infinia, ICICI Emeralde Private, and American Express Platinum. Key benefits include a 24x7 concierge service, secretarial access, unlimited international airport lounge access, and a substantial flight cancellation cover. The card’s metallic design and elegant black and gold aesthetics contribute to its premium appeal.

Pros:

• Generous welcome benefit of 40,000 Reward Points (equivalent to ₹10,000).
• Attractive milestone benefits, including gift vouchers from premium brands like Tata CLiQ Luxury, Taj, and Apple, based on annual spending.
• Complimentary memberships to exclusive services like Club Marriott, The Wall Street Journal, Mint, and the Angel Investor Network (IPV).
• Extensive travel benefits including unlimited international lounge access, domestic lounge access for primary and add-on cardholders, and complimentary spa access at select airports.
• Comprehensive insurance coverage for travel, accidental death, and fraud protection.
• Complimentary movie tickets every month.
• Dedicated golf privileges with complimentary rounds and lessons.

Cons:

• The standard reward rate of 1% (4 Reward Points per ₹100 spent) is considered basic for a super-premium card with such a high annual fee, especially when compared to some competitors.
• Previously offered subscriptions (e.g., Amazon Prime, Zomato Gold, Discovery Plus) have been discontinued, which might be a drawback for some users who valued these perks.
• As an invite-only card, it is not accessible to everyone, limiting its availability despite meeting income and credit score requirements.

Overall Verdict: The SBI AURUM Credit Card can be highly rewarding if utilized as a primary credit card, allowing cardholders to maximize the value from its substantial milestone benefits and exclusive memberships. However, if you frequently use multiple credit cards for different spending categories, the 1% base reward rate might not offer competitive value. Prospective cardholders should carefully compare the comprehensive benefits of the AURUM card against its high annual fees and the offerings of rival super-premium cards to determine if it aligns with their spending habits and lifestyle needs.

Important Product Details

• Welcome Benefit: 40,000 Reward Points (value ₹10,000) on payment of the first annual fee.
• Reward Rate: Earn 4 Reward Points for every ₹100 spent (equivalent to a 1% reward rate).
• Annual Fee Waiver: Fee waived on annual spends of ₹12,00,000.
• Milestone Rewards:
  • Tata CLiQ Luxury Vouchers worth ₹5,000 on spending ₹5 Lakh annually.
  • Taj Voucher worth ₹10,000 on spending ₹10 Lakh annually.
  • Apple Vouchers worth ₹20,000 on spending ₹20 Lakh annually.
  • Monthly Tata CliQ voucher worth ₹1,500 on monthly spends of ₹1 Lakh.
• Lounge Access: Unlimited international airport lounge access and 4 complimentary domestic airport lounge access per quarter.
• Movie Benefits: 4 complimentary BookMyShow movie tickets per month (capped at ₹250 per ticket).
• Dedicated Services: 24×7 dedicated concierge service and secretarial access.
• Foreign Currency Markup: 1.99% of the transaction amount.
• Reward Redemption Fee: ₹99 + applicable taxes per redemption request.
• Discontinued Benefits: Earlier subscriptions like Amazon Prime, Zomato Gold, and Discovery Plus are no longer offered.

Other Details

• Card Design: The card features a metallic design with an elegant black finish adorned with golden stripes.
• Add-on Cards: Available for family members (parents, spouse, children, siblings) aged 18 and above.
• Security Features: Chip and PIN enabled for enhanced security against counterfeiting and skimming.
• Cash Access: Easy and affordable access to cash from over 1 million ATMs globally.
• FlexiPay EMI: Convert transactions of ₹2,500 or more into easy monthly instalments within 30 days of purchase.
• Balance Transfer: Transfer outstanding balances from other credit cards to AURUM with low interest rate options.
• Encash: Get instant cash through Encash and repay with convenient EMIs.
• Contact Information:
  • Call: 1860 500 2000
  • Write to us: aurum@sbicard.com