State Bank of India provides you a wide range of reward points redemption options under “SBICard Rewards” program. But you might be confused on what different ways could be to redeem your reward points.
In this article, you will understand each and everything you should know all about the reward points that you earn on your SBI credit card.
This article has 4 parts –
- SBI Credit Card Reward Points (Reward point details & redemption value)
- How to Check SBI Credit Card Reward Points
- SBI Credit Card Reward Point Redemption Options
- How to Redeem SBI Reward Points
- FAQs about SBI Reward Points
Without wasting time, lets discuss on SBI credit card reward points in detail.
SBI Credit Card Reward Points
#1. Rewards Points for Every SBI Credit Cards
| SBI Credit Cards | Primary Rewards Benefits | Other Rewards Benefits |
| SimplySAVE SBI Credit Card | 10 Rewards points per Rs. 100 spent on grocery purchases, movies, dining, and shopping at departmental stores | 1 Reward point per Rs. 100 spent on other transactions |
| SimplyCLICK SBI Credit Card | 10 reward points per Rs. 100 spent online on Amazon, BookMyShow, Cleartrip, Netmeds, Lenskart and UrbanClap | 5 rewards per Rs. 100 on other online spends 1 reward point per Rs. 100 spent on other transactions |
| SBI Prime Credit Card | 20 Reward points per Rs. 100 spent on utility bills and birthday spends 15 Reward points per Rs. 100 spent on big basket 10 Rewards points per Rs. 100 spent on grocery purchases, movies, dining, and shopping at departmental stores | 2 reward points per Rs. 100 spent on other transactions |
| SBI Elite Credit Card | 5X Reward Points on dining, departmental and grocery stores 2 Reward Points per Rs.100 spent on International transactions | 2 Reward Points per Rs. 100 on all other spends |
| SBI Gold Credit Card | 10 Rewards points per Rs. 100 spent on departmental stores, movies, dining, and grocery purchases. | 1 Reward point per Rs. 100 spent on other transactions |
| SBI Advantage Gold Credit Card | 10 Rewards points per Rs. 100 spent on grocery purchases, movies, dining, and shopping at departmental stores | 1 Reward point per Rs. 100 spent on other transactions |
| SBI Signature Contactless Credit Card | 5X Rewards on grocery store, dining, and international transactions. | 2 Rewards points per Rs. 100 spent on other transactions |
| SBI Advantage Signature Credit Card | 5X Rewards on grocery store, dining, and international transactions. | 2 Rewards points per Rs. 100 spent on other transactions |
| SBI Platinum Credit Card(Including co-branded cards) | 5X Rewards on grocery store, dining, and international transactions. | 2 Rewards points per Rs. 100 spent on other transactions. |
| SBI Advantage Platinum Credit Card | 5X Rewards on grocery store, dining, and international transactions. | 2 Rewards points per Rs. 100 spent on other transactions |
| Bank Of Maharashtra – SBI Credit Card | 10X Rewards points per Rs. 100 spent on departmental stores and grocery purchases. | 1 Reward point per Rs. 100 spent on other transactions |
| Karur Vysya Bank – SBI Credit Card | 10X Rewards points per Rs. 100 spent on departmental stores and grocery purchases. | 1 Reward point per Rs. 100 spent on other transactions |
| Oriental Bank of Commerce – SBI Credit Card | 10X Rewards points per Rs. 100 spent on departmental stores and grocery purchases. | 1 Reward point per Rs. 100 spent on other transactions |
| Air India SBI Signature Credit Card | 4 Rewards points per Rs. 100 spent. | 5X Rewards point per Rs. 100 spent for booking Air India tickets. |
#2. Redemption Value of SBI Credit Card Reward Points
The redemption value of 1 SBI credit card reward point is equivalent to Rs. 0.25.
If you earn 1000 SBI credit card reward points, you can redeem them worth Rs. 250 product from SBI rewards catalogue.
If you are redeeming SBI reward points as airmiles, then your 5 SBI reward points are equivalent to 1 InterMile. You can use intermiles to buy flight tickets if you are a frequent flyer.
Let’s have a quick summary of SBi credit card reward points redemption –
- 4 Reward points = 1 Rupee
- 5 Reward Points = 1 InterMile
Also read – ICICI credit card reward points guide
How to Check SBI Credit Card Reward Points
#1. SBI Card Website
Step 1 : Go to the SBI Card Website and click on “Login”.
Step 2 : Enter registered mobile number, and click on “Proceed”
Step 3 : Enter credit card pin and OTP. Click on “Login”.
Step 4 : Click on “Rewards” from the left hand side panel.
Now you’ll be able to see your accumulated reward points on the right side.
#2. SBI Card App
You need to install Sbicard app in your smartphone.
Step 1 : Login to sbicard app
Step 2 : Click on the left side panel and click on “Rewards”.
You’ll be able to see reward points on the right side.
Also read – HDFC credit card reward points guide
SBI Credit Card Reward Point Redemption Options
#1. SBI Rewards Catalogue
You can visit the SBI credit card rewards page and explore a wide range of products that you can buy by redeeming your reward points.
You can redeem in the categories below –
- Apparels
- Fashion Accessories
- Electronics
- Books
- Health and Fitness
- Home Appliances
- Premium Watches
You can select the product as per the number of reward points you have and redeem them. The physical product will be delivered to you within 3 weeks.
#2. Airmiles
You can convert your SBI reward points into airmiles to buy flight tickets. SBI has collaborated with Intermiles to utilize your SBi reward points into airmiles (aka intermiles).
You can redeem reward points into Intemiles if you have SBI Platinum card, Prime Card, Simply Save Card and SBI Elite Card only.
The SBI rewards to the Intermiles conversion process is as below.
- You require min. 10,000 Reward Points to redeem against InterMiles
- You can redeem in multiples of 10,000 Reward Points only
- You have to call SBI card service centre to redeem your reward points into intermiles
- Register with Intermiles first before calling SBI card service center
- Provide your InterMiles membership number to SBI card service center executive that needs to be credited with the InterMiles
#3. E-Vouchers
You can also redeem your SBI credit card reward points into various electronic vouchers aka e-vouchers such as Amazon, Flipkart and Tata Cliq.
You can also redeem your reward points for luxury Jewellery like PC Jewellers gold or diamond jewellery e-voucher.
If you are buying an electronic voucher that would be delivered to your email address within 3 working days.
#4. Cash
There’s no direct way to redeem your reward points into cash. However you can email to SBI card services if you want to encash your reward points into cash.
You can go to the mailbox after login to your sbi card portal that we’ll discuss in the next section under “Email Service” sub-category.
Check out – Best SBI Credit Cards in India
How to Redeem SBI Reward Points
#1. SBI Card Website
Step 1 : Go to SBI credit card rewards website.
Step 2 : Select any product that you want to buy against reward points. For example, you have selected a fastrack fitness band from the catalogue.
Step 3 : Open the product details and click on “Add to Cart”.
Click on redeem now and you’ll be able to redeem your SBI credit card reward points to buy that product.
#2. SBI Card App
Step 1 : Login to SBIcard app using your fingerprint or security pin.
Step 2 : Click on the left side panel and click on “Rewards”.
You’ll be able to see reward points on the right side.
Step 3 : Click on “Redeem” tab at the bottom. You’ll be redirected to the rewards catalogue page.
Step 4 : Select the product you want to buy against reward points. For example, we are buying an Amazon voucher.
Step 5 : Click on “Add to Cart” from the bottom.
Step 6 : Now click on “Place Order”.
You will receive your Amazon voucher as an email within 3 days. You will get confirmation on emai as well as text message on your registered mobile number.
#3. SBI Card Service Center
You can call the SBI Card helpline at 39020202 using your local STD code or you can call 1860 180 1290 from BSNL and MTNL numbers and redeem accumulated rewards points.
Before calling the SBI card service center, make sure you have already selected the product that you want to redeem.
Also note down the product code shown at the SBI card rewards catalogue to make customer care executive order correctly and that will also save your time.
You can also contact SBI card helpline and redeem your reward points into cash.
#4. Email Service for Cash Redemption
You can also use SBI mailboard service to redeem your reward points into cash.
Step 1 : Login to SBI card website
Step 2 : Click on “Mailbox” on the left side panel and then click on “Compose”.
Step 3 : Select “Reward Points Redemption” category from the drop down menu.
Step 4 : Choose “Request for Redemption” in the subcategory menu.
Step 5 : Write down details that you want to redeem your reward points into cash and click on “Submit”.
The Sbi card service executive will call you for further details and will let you know how much money you will be able to redeem using your reward points.
FAQs about SBI Credit Card Reward Points
#1. Do SBI credit card reward points have an expiry date?
Yes. SBI credit card reward points come with an expiry of 24 months.
#2. Is there any fee on redeeming SBI Card reward points?
Yes. You have to pay Rs. 99 as a redemption fee when you redeem your SBI reward credit card reward points.
#3. Can I change the items bought using rewards points?
No. You can’t change or replace the items bought using reward point redemption.
#4. Can I redeem my SBI credit card rewards into cash?
Yes you can redeem via email service or calling the customer service. But make sure you have enough reward points accumulated as you can redeem only 2000 denomination of points.
Which means you can redeem in order of 2000, 4000, 6000 reward points only. So you possess a minimum 2000 reward points to redeem into cash.
The SBI will also deduct GST while redeeming into cash. So it is advised to redeem your reward points into an Amazon pay voucher.
#5. Can I use SBI credit card rewards on offline stores?
You can’t redeem your SBI credit card reward points directly on offline stores. However, you can redeem your reward points into the e-voucher of any offline store listed on SBI card rewards catalogue such as Tata Cliq, Piramal Jewellers, Ginny n Jonny.
You can redeem the e-vouchers at the cash counters of listed brand outlets.
Conclusion
Since you now know everything about SBI credit card reward points, let me know if you still have any query.
I will try to resolve your issue and list your question in FAQ section of this article if I find it valuable to others as well.
Please do let me know your queries in the comments.
