SBI
SBI AURUM Credit Card
This is an invite only card
This is an invite only card
This is an invite only card
Top Benefits
Get 40,000 Reward Points Worth ₹10,000
on payment of joining fee, 1 ARP = ₹0.25
Get Complimentary Club Marriott Access
1-year Club Marriott membership
Best For
Shopping
Dining
Travel
The SBI AURUM Credit CARD stands as one of the most exclusive, invite-focused offerings designed for hi...
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The SBI AURUM Credit CARD stands as one of the most exclusive, invite-focused offerings designed for hi...
The SBI AURUM Credit CARD stands as one of the most exclusive, invite-focused offerings designed for high-net-worth individuals who demand premium travel, lifestyle, and entertainment perks. If your monthly income is around Rs. 3,00,000, this card delivers tremendous value through unlimited international lounge access, complimentary golf rounds, and high-end memberships. Unlike basic reward cards, the AURUM card focuses on experiential benefits, easily justifying its Rs. 9999 joining fee with an immediate welcome bonus of 40,000 reward points worth Rs. 10,000.
This card sets itself apart from competitors by offering comprehensive domestic and international travel benefits paired with an Inflection Point Venture membership worth Rs. 29,382. It is crafted specifically for frequent flyers, golf enthusiasts, and regular moviegoers who can maximize the Rs. 12,000 annual BookMyShow benefits.
View FAQ
Commonly Asked Questions
Is the SBI AURUM Credit CARD lifetime free?
No, the card comes with a joining fee of Rs. 9999 and an annual fee of Rs. 9999. However, the annual fee can be waived if you spend Rs. 12 Lakhs in the preceding year.
Who should apply for this card?
This card is ideal for high-income earners who travel internationally, play golf, and enjoy premium lifestyle memberships. You need a minimum monthly income of Rs. 3,00,000 to qualify.
Is this a good first credit card?
No, this is a super-premium credit card with strict income requirements and a high fee structure. It requires a CRIF score of at least 720 and a well-established credit history.
What makes the AURUM card different from standard SBI cards?
It provides unlimited international lounge access via DreamFolks, 16 free golf rounds per year, and premium memberships like the Wall Street Journal, which are absent on standard SBI cards.
Expert Review
As a credit card expert reviewing the SBI AURUM Credit CARD, I find it to be a highly targeted financial tool that delivers exactly what it promises to the right demographic. The inclusion of the Inflection Point Venture membership is a brilliant touch, offering unparalleled value to entrepreneurs and investors. The unlimited international lounge access through DreamFolks, combined with the solid Rs. 12,000 annual movie benefit on BookMyShow, makes it a robust lifestyle companion.
However, my primary criticism lies in its lack of reward flexibility and high interest rates. The 45 percent annual APR is aggressively high, punishing any cardholder who carries a balance. Furthermore, the total exclusion of rent, utility, and insurance payments from reward earnings limits everyday point accumulation. If you are an HNI who travels often and can easily cross the Rs. 12 Lakhs fee waiver threshold, this card is fantastic. If you are seeking raw cash-back on household expenses, you should look elsewhere.
Joining/Annual Fee
Joining Fees
₹11,799 ( ₹9999 + GST )
Annual Fees
₹11,799 ( ₹9999 + GST )
Holding a premium card involves significant upfront and ongoing costs. The joining fee for this card is...
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Holding a premium card involves significant upfront and ongoing costs. The joining fee for this card is...
Holding a premium card involves significant upfront and ongoing costs. The joining fee for this card is a substantial Rs. 9999 plus applicable taxes. While there is no direct joining fee offset available, paying this fee triggers the welcome benefit of 40,000 reward points. Because these points are valued at Rs. 0.25 each, you receive exactly Rs. 10,000 in value, effectively covering the initial out-of-pocket expense.
From the second year onward, an annual renewal fee of Rs. 9999 plus taxes applies. However, the bank rewards heavy spenders by waiving this fee entirely if your total annual retail spends exceed Rs. 12 Lakhs. To put this in perspective, if you channel an average of Rs. 1,00,000 per month through the card for daily expenses, travel, and lifestyle purchases, the card becomes free for the following year.
View FAQ
Commonly Asked Questions
What is the exact joining fee amount?
The one-time joining fee is Rs. 9999 plus applicable GST, charged in your first billing statement.
Can the joining fee be waived entirely?
There is no direct joining fee offset. You must pay the fee, but it is compensated by the 40,000 bonus points given as a welcome benefit.
What is the annual renewal fee?
The card carries an annual fee of Rs. 9999 plus taxes, applicable from the second year of card membership.
How do I get the annual fee waived?
The annual fee is waived automatically if you spend Rs. 12 Lakhs or more on the card during the preceding anniversary year.
Do rent or fuel payments count toward the fee waiver milestone?
Rent, fuel, and wallet loading transactions are excluded from the annual spend calculations for the fee waiver.
If I spend Rs. 10 Lakhs, do I get a partial fee waiver?
No, there are no partial waivers. You must cross the full Rs. 12 Lakhs threshold; otherwise, the complete Rs. 9999 fee will be charged.
When is the annual fee billed to my account?
The fee is billed in the statement following your card anniversary date each year.
Is the GST amount refunded if my fee is waived?
If you hit the spend milestone, the bank waives the base fee before it is charged, so no GST will be levied on the annual fee.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
40LPA
Credit
Rating*
720+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Securing the SBI AURUM Credit CARD requires a robust financial profile. The primary applicant must fall...
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Securing the SBI AURUM Credit CARD requires a robust financial profile. The primary applicant must fall...
Securing the SBI AURUM Credit CARD requires a robust financial profile. The primary applicant must fall within the age range of 21 to 60 years. This applies equally to both salaried employees and self-employed individuals. The bank evaluates your creditworthiness strictly, requiring a minimum CRIF score of 720 for a smooth approval process. A strong credit history proves your ability to handle a high-limit premium card responsibly.
The income requirement is where this card filters its audience. You must demonstrate a substantial income to qualify. Both salaried and self-employed applicants need an annual income of Rs. 40 Lakhs. Breaking this down, it means a monthly income of Rs. 3,33,333 is necessary to be considered eligible. If your income falls below this tier, the bank provides alternative premium card variants from their portfolio that match your specific eligibility.
View FAQ
Commonly Asked Questions
What is the minimum age to apply for this card?
The primary cardholder must be at least 21 years old at the time of submitting the application.
What is the maximum age limit for applicants?
The upper age limit is set at 60 years for both salaried professionals and self-employed individuals.
What is the minimum monthly salary required?
You need a minimum monthly income of Rs. 3,33,333, which corresponds to the mandatory annual income requirement of Rs. 40 Lakhs.
Can self-employed business owners apply?
Yes, self-employed individuals are fully eligible, provided they meet the age criteria of 21 to 60 years and the Rs. 40 Lakhs annual income requirement.
What credit score is required for approval?
A minimum CRIF credit score of 720 is required to qualify. The bank prefers applicants with a clean and established credit history.
Will I get the card automatically if I meet the income criteria?
No, meeting the income criteria does not guarantee approval. The bank evaluates your credit score, existing debt, and internal policies before issuing the card.
Can I apply jointly with my spouse to meet the income criteria?
Applications are evaluated based on the individual income of the primary applicant to ensure they meet the card's strict financial thresholds.
Do I need an existing SBI account to apply?
An existing banking relationship is not strictly mandatory, but holding a high-value account with the bank can streamline the approval process.
All Card Benefits
- Unlimited international lounge access + guest visit (quarterly cap)
- 4 domestic lounge visits per quarter (capped)
- 4 movie tickets worth ₹1,000 monthly (₹500 per booking cap)
- 15% dining discount on District
- 16 complimentary golf rounds per year (4 per quarter)
- 1.99% low forex markup on international spends
Welcome Benefits
Your journey with this premium card begins with a highly rewarding welcome package....
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Welcome Benefits Your journey with this premium card begins with a highly rewarding welcome package....
Welcome Benefits
Your journey with this premium card begins with a highly rewarding welcome package. Upon payment of the Rs. 9999 joining fee, you receive 40,000 AURUM Reward Points. Since each point is valued at Rs. 0.25, this bonus translates exactly to Rs. 10,000. This essentially neutralizes your first-year joining cost immediately. Keep in mind that a minimum transaction of Rs. 100 within 30 days is required to activate the card and become eligible for these rewards.
Premium Lifestyle and Memberships
The card excels in offering elite lifestyle privileges. You receive a complimentary 1-year Club Marriott membership, giving you dining and stay discounts across participating properties. Additionally, you gain a 1-year Inflection Point Venture membership valued at a massive Rs. 29,382, alongside digital subscriptions to The Wall Street Journal and Mint. For golf lovers, the card provides 16 complimentary golf rounds per year (capped at 4 per quarter) and 12 complimentary golf lessons annually. You also get a dedicated secretarial access service for priority interactions with SBI Card.
Airport Lounge and Spa Access
Frequent travelers will find the lounge benefits exceptional. You get a complimentary DreamFolks membership that grants unlimited access to over 1000 international airport lounges. Furthermore, you can bring one guest for free every quarter to international lounges. Within India, the card provides 4 complimentary domestic lounge visits per quarter, shared between primary and add-on cardholders. You also receive 1 complimentary spa access per quarter at select domestic airports to relax before your flight.
Entertainment and Movie Perks
For entertainment, this card offers superb monthly value. You receive 4 complimentary movie tickets worth up to Rs. 1,000 every single month via BookMyShow. The benefit is structured to allow 2 free tickets per booking, with a maximum discount of Rs. 500 per booking (Rs. 250 per ticket). If utilized fully, this perk alone saves you Rs. 12,000 annually.
Fuel Surcharge Waiver
While the card is primarily focused on lifestyle and travel, it does offer standard fuel benefits. You get a 1 percent fuel surcharge waiver at all petrol pumps across India. This applies only to fuel transactions ranging between Rs. 500 and Rs. 4,000. The maximum surcharge waiver you can earn is capped at Rs. 250 per statement cycle.
Reward Points Structure
The reward system on the AURUM card is straightforward in value. The card offers a high-tier earning rate of 4 reward points for every Rs. 100 spent on all retail transactions. Every 1 AURUM Reward Point converts to Rs. 0.25 in value. This means if you accumulate 10,000 points over a few months, you hold Rs. 2,500 in redemption power. The points hold solid value, provided you avoid spending in excluded categories like fuel and rent where points are not awarded.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You must pay the joining fee and make a minimum transaction of Rs. 100 within 30 days of card activation. Once completed, the 40,000 bonus points are credited to your account.
What is the exact value of the welcome benefit?
The 40,000 reward points are worth Rs. 10,000, assuming a redemption value of Rs. 0.25 per point. This perfectly offsets the initial Rs. 9999 joining fee.
When will I receive the welcome points after card activation?
The bonus points are credited to your AURUM rewards account within 48 hours of the realization of your joining fee payment and your first transaction.
Can I get the welcome bonus if my joining fee is waived?
The welcome bonus of 40,000 points is explicitly tied to the enrollment and payment of the joining fee. If you receive a promotional offer, the welcome benefits remain a standard entitlement of the card's activation.
How many free golf rounds do I get per year?
You receive a total of 16 complimentary golf rounds annually. This is distributed as 4 free rounds every quarter.
Do I have to pay for golf lessons?
No, the card provides 12 complimentary golf lessons per year. This allows you to improve your game alongside enjoying free rounds.
What is the value of the Inflection Point Venture membership?
The complimentary 1-year IPV membership offered with this card is valued at Rs. 29,382, providing access to exclusive investment networking opportunities.
Does the Club Marriott membership renew automatically?
The complimentary Club Marriott membership is valid for 1 year. Renewals are processed based on the payment of your annual fee or meeting the card's spend-based waiver milestones.
How many international lounge visits do I get?
You receive unlimited complimentary access to international lounges through the DreamFolks membership. You also get 1 free guest visit per quarter.
Are domestic lounge visits unlimited?
No, domestic lounge access is capped at 4 complimentary visits per quarter. This limit applies across both primary and add-on cardholders.
Can my family use the domestic lounge benefit?
Yes, add-on cardholders can access domestic lounges, but their visits count toward the total quarterly limit of 4 visits.
Which airports offer the complimentary spa access?
You get 1 complimentary spa access per quarter. This benefit is available at major domestic airport hubs including Delhi, Mumbai, and Bangalore within the DreamFolks network.
How many free movie tickets can I claim monthly?
You can get up to 4 movie tickets every month on BookMyShow, with a total maximum monthly discount value of Rs. 1,000.
Can I book all 4 tickets at once for Rs. 1,000 off?
No, the benefit limits you to 2 free tickets per booking, with a maximum discount of Rs. 500 per booking. You would need to make two separate bookings to claim all 4 tickets.
What happens if my movie ticket costs Rs. 350?
Since the maximum discount is Rs. 250 per ticket, you will get a Rs. 500 discount for two tickets. You must pay the remaining Rs. 200 out of pocket using your AURUM card.
Do unused movie tickets carry forward to the next month?
No, the monthly quota of 4 tickets expires at the end of each calendar month. Unused benefits do not roll over.
Is the fuel surcharge waiver valid at any petrol pump?
Yes, the 1 percent fuel surcharge waiver applies to transactions made at all petrol stations across India, provided the spend is within the eligible range.
What is the minimum fuel purchase required for the waiver?
You must spend a minimum of Rs. 500 in a single transaction at the pump to trigger the 1 percent surcharge waiver.
How much can I save on fuel surcharges every month?
The maximum savings on fuel surcharges is capped at Rs. 250 per billing cycle. To hit this cap, you would need to spend roughly Rs. 25,000 on eligible fuel purchases.
Do I earn reward points on fuel purchases?
No, fuel spends are explicitly excluded from earning any reward points on this card.
How many reward points do I earn per Rs. 100 spent?
You earn exactly 4 reward points for every Rs. 100 spent on retail purchases with your AURUM card.
What is the monetary value of 1 reward point?
Each AURUM Reward Point is valued at Rs. 0.25. If you redeem 4 points, you get Rs. 1 in value.
Which transactions are excluded from earning reward points?
Spends on fuel, EMI conversions, wallet loading, jewelry, rent, government services, insurance, and education do not earn any reward points.
Do I earn points on utility bill payments?
Utility spends earn points when they are executed through the Airtel Thanks platform. Standard utility payments made directly on other merchant sites are excluded.
Do my reward points expire?
AURUM Reward Points never expire, allowing you to accumulate and redeem them whenever you choose.
Is there a minimum point balance required for redemption?
You must have a minimum balance of 1,000 points to initiate a redemption request on the rewards portal.
Is there a fee for redeeming my reward points?
Yes, the bank charges a reward redemption handling fee of Rs. 99 plus applicable GST every time you place a redemption request.
Where can I redeem my reward points?
You can redeem your points directly on the official portal at rewards.aurumcreditcard.com.
Can I earn points on jewelry purchases?
No, the purchase of jewelry items is specifically excluded from reward point earnings on this card.
What happens to my points if I return a purchased item?
When a merchant processes a refund, the corresponding reward points earned on that specific transaction are automatically reversed from your account.
Milestone Benefits
Voucher Benefit(Worth ~ ₹20,000)
Spend ₹20,00,000 in 365 days
Voucher Benefit(Worth ~ ₹9,999)
Spend ₹12,00,000 in 365 days
Voucher Benefit(Worth ~ ₹10,000)
Spend ₹10,00,000 in 365 days
Voucher Benefit(Worth ~ ₹5,000)
Spend ₹5,00,000 in 365 days
Voucher Benefit(Worth ~ ₹18,000)
Spend ₹1,00,000 in 30 days
How to Redeem Rewards & Cashback?
Maximizing the value of your card requires a clear understanding of the redemption process. Every AURUM...
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Maximizing the value of your card requires a clear understanding of the redemption process. Every AURUM...
Maximizing the value of your card requires a clear understanding of the redemption process. Every AURUM Reward Point you earn holds a fixed value of Rs. 0.25. The bank maintains a dedicated portal for this card at rewards.aurumcreditcard.com, where you can browse and select options ranging from e-vouchers and lifestyle products to flight bookings.
To initiate a redemption, log into the portal using your credentials, select your desired category, and add items to your cart. For example, if you wish to buy a Rs. 5,000 lifestyle voucher, you will need to redeem 20,000 points. Keep in mind that a reward redemption handling fee of Rs. 99 plus applicable GST is charged to your card account for every redemption request you make, regardless of the number of points redeemed.
View FAQ
Commonly Asked Questions
Where do I go to redeem my points?
You must visit the dedicated portal at rewards.aurumcreditcard.com to view the catalogue and process your point redemptions.
What is the exact cash value of my reward points?
Every 1 AURUM Reward Point converts to Rs. 0.25. Therefore, a balance of 4,000 points holds a redemption value of Rs. 1,000.
Is there any fee involved in redeeming points?
Yes, a flat handling fee of Rs. 99 plus GST is added to your next credit card statement for each separate redemption request you process.
Can I redeem points for statement credit or cashback?
Yes, reward points can be redeemed directly for statement credit at the standard conversion rate of Rs. 0.25 per point.
How long does it take to receive an e-voucher after redemption?
Digital e-vouchers are sent to your registered email address and mobile number within 24 to 48 hours.
Is there a minimum point balance required to start redeeming?
A minimum balance of 1,000 points is required to initiate a redemption request on the AURUM rewards portal.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Fuel Spends
EMI transactions
Purchases converted to EMI post facto
Wallet loading transactions
Purchase of Jewelry items
Cash advances
Payment of outstanding balances
Payment of card fees and other card charges
Rental Payments
Government services
Insurance services
Education services
Utility Spends that are not done on Airtel Thanks platform
For Spends Waiver
Fuel Spends
EMI transactions
Purchases converted to EMI post facto
Wallet loading transactions
Purchase of Jewelry items
Cash advances
Payment of outstanding balances
Payment of card fees and other card charges
Rental Payments
Government services
Insurance services
Education services
Utility Spends that are not done on Airtel Thanks platform
Understanding what does not earn points is crucial to avoid disappointment. The bank enforces a strict ...
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Understanding what does not earn points is crucial to avoid disappointment. The bank enforces a strict ...
Understanding what does not earn points is crucial to avoid disappointment. The bank enforces a strict list of exclusions where no reward points are generated. Spending on fuel, converting purchases to EMI post-facto, loading digital wallets, and purchasing jewelry items yield zero points. Furthermore, cash advances, paying off outstanding balances, rental payments, government services, insurance premiums, and educational services are also excluded.
For example, if you use the card to pay a child's school fee of Rs. 1 Lakh, you will not earn the corresponding points you might expect, as education falls under the restricted merchant categories. Even utility spends do not earn points unless the transaction is specifically routed through the Airtel Thanks platform. Being mindful of these categories ensures you direct your high-value card spends toward dining, travel, and general retail where rewards accrue normally.
View FAQ
Commonly Asked Questions
Will I earn points if I pay rent using this card?
No, rental payments are completely excluded from the reward program. Additionally, you will be charged a 1 percent fee for processing the rent transaction.
Do jewelry purchases earn reward points?
No, the purchase of jewelry items is explicitly listed in the exclusion category and will not yield any reward points.
Can I earn points by paying my electricity bill?
Utility payments only earn points if they are processed via the Airtel Thanks platform. Direct payments on other platforms are excluded.
Are insurance premium payments eligible for rewards?
No, all payments towards insurance services are excluded from earning reward points on this card.
If I convert a retail purchase into an EMI, do I keep the points?
No, purchases converted to EMI post-facto are excluded. Any points initially credited for that transaction will be reversed upon EMI conversion.
Do wallet loads on Paytm or Amazon Pay earn rewards?
No, wallet loading transactions fall under the strict exclusion list and will not generate any points.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  1.99% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 1.99% |
APR Fees Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid | 3.75% |
ATM withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable) | 2.5% |
Reward Redemption Fees | N/A |
Link for all T&Cs | Click Here |
Railway Surcharge A surcharge of 1% is applied to transactions made for booking railway tickets | 1% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees A fee of 200 of the payment amount is levied for cheque return, cheque dishonour, or auto-debit reversal | ₹200 |
Cash Payment Fees | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1,000 | ₹400 |
| ₹1,001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹950 |
| ₹25,001 - ₹50,000 | ₹1100 |
| Above ₹50,000 | ₹1300 |
Premium credit cards carry complex fee schedules that require careful attention to avoid unnecessary ch...
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Premium credit cards carry complex fee schedules that require careful attention to avoid unnecessary ch...
Premium credit cards carry complex fee schedules that require careful attention to avoid unnecessary charges. Below is an exhaustive breakdown of the fees associated with the SBI AURUM Credit CARD to help you manage your finances efficiently.
The joining fee for this card is Rs. 9999 plus applicable GST. While the bank offers no direct joining fee offset, paying this fee makes you eligible for 40,000 welcome reward points valued at Rs. 10,000.
The annual or renewal fee is Rs. 9999 plus GST, charged from the second year. The annual fee is waived if you spend Rs. 12 Lakhs or more in a year on your card. For example, averaging Rs. 1,00,000 in monthly retail spends achieves this waiver.
Finance charges of 3.75 percent per month (45 percent per annum) apply on unpaid outstanding balances until the amount is fully repaid. If you carry forward a balance of Rs. 20,000 instead of paying the full bill, you will incur an interest charge of Rs. 750 for that month.
Late payment charges are determined by your outstanding balance, progressing through slabs: Rs. 0 for balances up to Rs. 100; Rs. 500 for Rs. 101 to Rs. 500; Rs. 600 for Rs. 501 to Rs. 1000; Rs. 750 for Rs. 1001 to Rs. 5000; Rs. 900 for Rs. 5001 to Rs. 10,000; Rs. 1100 for Rs. 10,001 to Rs. 25,000; and Rs. 1300 for balances above Rs. 50,000. For instance, missing the due date on a Rs. 15,000 bill results in an Rs. 1100 late fee.
A 2 percent forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. Spending USD equivalent to Rs. 50,000 on an international hotel booking will result in an additional Rs. 1,000 markup fee.
A fee of 2.5 percent of the withdrawn amount is charged on cash advances using the credit card (minimum Rs. 500). If you use the card at an ATM to withdraw Rs. 10,000, you are instantly charged a Rs. 500 advance fee, plus interest accruing from day one.
A fee of 1 percent of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges. Transferring Rs. 30,000 for house rent via your card will add a Rs. 300 surcharge to your statement.
A surcharge of 1 percent of the transaction amount plus GST will be charged on railway ticket purchases. Booking train tickets worth Rs. 4,000 on IRCTC will incur a Rs. 40 extra charge.
A Rs. 100 cash payment fee is charged per deposit. If you walk into a bank branch to pay your credit card bill using physical cash, Rs. 100 is added to your next billing cycle.
No cheque payment fee is charged. You can drop a physical cheque at a drop box to clear your dues without incurring any special processing fees.
A reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. Redeeming points for a Rs. 1,000 voucher means you still pay roughly Rs. 117 (fee plus tax) on your bill.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 9999 + GST |
| Annual Fee | Rs. 9999 + GST (Waived on Rs. 12 Lakhs spend) |
| Interest Rate (APR) | 3.75% per month (45% annually) |
| Late Payment Fee | Rs. 0 to Rs. 1300 (Based on outstanding balance) |
| Forex Markup | 2% |
| Cash Advance Fee | 2.5% (Minimum Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Surcharge | 1% of transaction amount + GST |
| Cash Payment Fee | Rs. 100 per deposit |
| Cheque Payment Fee | Nil |
| Reward Redemption Fee | Rs. 99 + GST |
View FAQ
Commonly Asked Questions
What is the exact joining fee?
The joining fee is Rs. 9999 plus GST, charged when the card is issued.
Is there an annual fee?
Yes, an annual fee of Rs. 9999 plus GST applies from the second year onward.
How do I avoid paying the annual fee?
The annual fee is waived automatically if you spend Rs. 12 Lakhs or more in the preceding year.
What interest rate applies if I pay only the minimum due?
The bank charges a high interest rate of 3.75 percent per month (45 percent per annum) on the unpaid balance. For a Rs. 10,000 balance, interest is Rs. 375 monthly.
What is the late fee if my outstanding balance is Rs. 4,000?
For a balance falling in the Rs. 1001 to Rs. 5000 slab, the bank charges a late fee of Rs. 750.
Are international transactions expensive on this card?
The forex markup is set at 2 percent, which is highly competitive for premium cards. Spending Rs. 10,000 abroad incurs a Rs. 200 fee.
Can I withdraw cash from an ATM for free?
No, cash withdrawals incur a 2.5 percent fee (minimum Rs. 500). Withdrawing Rs. 5,000 will cost you Rs. 500 in upfront fees.
Will I be charged extra for paying my rent with this card?
Yes, rent payments carry a 1 percent transaction fee. A Rs. 25,000 rent transfer will result in a Rs. 250 fee.
Is there a fee for depositing cash to pay the bill?
Yes, paying your credit card bill in cash at a branch incurs a Rs. 100 cash payment fee.
Are cheque payments free?
Yes, there is no fee for paying your credit card bill via cheque.
What is the reward redemption fee?
A handling fee of Rs. 99 plus GST is applied every time you place a redemption request for points.
Does the 1 percent railway surcharge apply to all bookings?
Yes, a 1 percent surcharge plus GST is added to the transaction amount when purchasing railway tickets.
Documents Required
To process your application smoothly, you must provide proof of identity, address, and income. Having these ready prevents unnecessary delays.
You need your PAN Card as the primary identity document. For address proof, an Aadhaar Card, Passport, or Voter ID is acceptable. To prove your income, salaried employees should provide their latest two months' salary slips and the last three months' bank statements showing salary credits. Self-employed applicants must submit their latest Income Tax Return (ITR) computation along with business continuation proof.
View FAQ
Commonly Asked Questions
What identity documents are acceptable?
You must provide your PAN Card and a valid Aadhaar Card for the initial identity check and Video KYC process.
What can I use as proof of address?
Your Aadhaar card serves as address proof. Alternatively, a passport, voter ID, or recent utility bill in your name is acceptable.
What income documents do salaried applicants need?
Salaried individuals need to upload their latest 3 months' salary slips and a recent bank statement showing salary credits to prove the Rs. 3,33,333 monthly income.
What income documents do self-employed applicants need?
Self-employed business owners must provide the latest ITR (Income Tax Return) with computation of income showing at least Rs. 40 Lakhs annual income.
Do I need to submit physical copies of my documents?
No, the digital application with Video KYC allows you to upload digital copies and show the physical PAN card on the camera.
Will the bank ask for additional documents?
In some cases, the bank asks for additional financial documents or business proofs to fully verify your income stability.
Who Should Get This Card?
Deciding if this card fits your wallet depends entirely on your lifestyle and income. If you are an executive earning above Rs. 40 Lakhs annually who travels internationally at least four times a year, the unlimited DreamFolks lounge access provides immense comfort. The inclusion of the IPV membership and WSJ subscription makes it highly attractive to corporate leaders and investors. Golfers who utilize the 16 free rounds per year will find the card pays for itself multiple times over.
Conversely, you should NOT get this card if your annual spends fall significantly below Rs. 12 Lakhs, as you will pay the steep Rs. 9999 annual fee out of pocket. If your primary goal is cash-back on groceries, fuel, and online shopping, the strict reward exclusions and high fees make this the wrong choice. This is an experiential lifestyle card, not a basic cashback tool.
Credit Limit and What to Expect
Premium credit cards are known for offering high credit limits tailored to the applicant's income profile. Since this card requires an annual income of Rs. 40 Lakhs, the initial credit limit assigned is substantial, typically starting at Rs. 5,00,000 and scaling higher based on your financial strength. This provides the purchasing power needed for high-end travel and lifestyle expenses. The exact limit will be communicated to you upon final approval and will be printed on the welcome letter accompanying your card.
View FAQ
Commonly Asked Questions
What is the starting credit limit for this card?
Starting credit limits for the AURUM card typically range from Rs. 5,00,000 to Rs. 10,00,000, assigned dynamically based on your income and CRIF score.
Can I request a higher credit limit later?
Yes, after 6 to 12 months of responsible usage and timely payments, you can request a credit limit enhancement through the bank's app or customer care.
Does the bank offer a temporary limit increase for large purchases?
Temporary limit increases can be requested through the SBI Card app or customer helpline for major events like weddings or high-value international travel.
Will checking my credit limit impact my credit score?
No, viewing your assigned limit does not affect your score. Only the initial hard inquiry made during the application process slightly impacts your CRIF score.
Can I set my own transaction limits?
Yes, per RBI guidelines, you can use the mobile banking app to manually set and lower transaction limits for online, POS, and international spends.
What happens if I exceed my assigned credit limit?
Transactions exceeding the limit attract an over-limit fee of 2.5% of the over-limit amount (minimum Rs. 500). Transactions may also be declined if they significantly exceed the limit.
How to Apply?
Applying for the SBI AURUM Credit CARD is a streamlined process designed for convenience. You can initiate the application entirely online through the official bank website or trusted financial partner portals. The digital application requires you to fill in your personal, employment, and income details. Following submission, you will complete a Video KYC verification process, allowing you to bypass physical branch visits entirely.
Ensure you have your original PAN card, Aadhaar card, and income proof ready before starting the Video KYC. During the call, an executive will verify your identity and documents. Once the Video KYC is successful and your income documents are verified, the bank processes the application within 7 to 10 working days and dispatches the card to your registered address.
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Commonly Asked Questions
Can I apply for this card online?
Yes, the application process is completely digital. You can apply via the bank's official website or through partner platforms.
Do I need to visit a branch for KYC?
No, the bank offers a Video KYC facility that allows you to complete verification from home using your smartphone and original documents.
What documents do I need during the Video KYC call?
You must keep your original physical PAN card handy, along with a blank paper and a blue or black pen for a live signature.
How long does the application process take?
After submitting your details and completing the Video KYC, approval takes 7 to 10 working days, subject to internal checks.
Can I track my application status online?
Yes, once you submit the form, you receive an Application Reference Number which can be used to track the status on the bank's tracking portal.
What happens if my Video KYC fails due to poor internet?
If the video call drops or fails, you will receive a link to reschedule the call or an option to complete physical KYC through an agent visit.
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Top Benefits
Top Benefits
Get 40,000 Reward Points Worth ₹10,000
on payment of joining fee, 1 ARP = ₹0.25
Get Complimentary Club Marriott Access
1-year Club Marriott membership
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