SBI
SBI Card Miles Credit Card
This is an invite only card
Apply and get ₹1400 Rewards
Top Benefits
Get 1,500 Travel Credits
as a Welcome Gift on spending ₹30,000 within 60 days of card issuance
Earn 5,000 Bonus Travel Credits
on achieving annual spends of ₹5 lakh
Best For
Travel
The SBI Card MILES credit card is designed specifically for frequent travelers who want to turn their...
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The SBI Card MILES credit card is designed specifically for frequent travelers who want to turn their...
The SBI Card MILES credit card is designed specifically for frequent travelers who want to turn their daily expenses into future vacations. Instead of confusing reward points with varying values, this card offers Travel Credits that have a straightforward conversion rate. With a modest annual fee of Rs. 1499, it hits the sweet spot for intermediate travelers who want solid travel rewards without paying for ultra-premium credit cards.
What makes the SBI Card MILES credit card stand out is its specialized focus. Every time you spend money on travel bookings, you earn double the Travel Credits compared to regular shopping. You also get a solid welcome bonus of 1,500 Travel Credits when you spend Rs. 30,000 in your first 60 days. This means your regular monthly expenses quickly build a reserve of points you can use for flights, hotel stays, or directly from the bank's rewards catalogue.
This card works great for mid-level professionals earning around Rs. 30,000 per month who take a few flights or domestic trips each year. It avoids the brand restrictions you see on co-branded airline cards, giving you the freedom to book flights or hotels across various platforms.
View FAQ
Commonly Asked Questions
Is the SBI Card MILES credit card lifetime free?
No, this card is not lifetime free. It comes with a joining fee of Rs. 1499 and an annual renewal fee of Rs. 1499. However, you can get the annual fee waived if you spend Rs. 6 Lakh or more in a membership year.
Is this a good credit card for beginners?
It is a great choice if you already have some credit history and a decent income. You need a minimum CRIF score of 750 and a monthly income of at least Rs. 30,000, making it perfect for working professionals rather than complete beginners.
Who should apply for this card?
Frequent domestic travelers who prefer earning miles and travel credits over standard cashback will benefit the most. If you regularly book flights and hotels, the double reward rate on travel spends will help you accumulate credits much faster.
What makes this different from regular cashback cards?
While regular cashback cards give you direct statement credits, this card rewards you with Travel Credits. You can convert these credits into air miles, hotel points, or use them directly for travel bookings, which often provides better value for frequent flyers.
Expert Review
As a finance expert reviewing the SBI Card MILES, I find it to be a very competent entry-level travel card. Its strongest selling point is the transparent nature of Travel Credits. Instead of guessing how much a point is worth on different airlines, knowing that 1 Travel Credit is flatly worth Rs. 0.50 gives you incredible clarity. The welcome bonus of 1,500 credits also takes the sting out of the Rs. 1499 joining fee.
However, the card does have a glaring flaw: the annual fee waiver target. Requiring users to spend Rs. 6 Lakh to waive a modest Rs. 1499 fee is unusually high. For context, many premium cards in the Rs. 2500 - Rs. 3000 range offer waivers at Rs. 3 Lakh or Rs. 4 Lakh. Furthermore, the massive list of exclusions—from utility bills to rent to school fees—makes hitting that Rs. 6 Lakh target difficult for a middle-class family.
Overall, if you view this strictly as a secondary card to book your domestic flights and hotels to grab the 1% return, it works beautifully. But if you want a primary card for daily grocery runs, utility bills, and fuel, you should look elsewhere.
Joining / Annual Fee
Joining Fees
₹1,769 ( ₹1499 + GST )
Annual Fees
₹1,769 ( ₹1499 + GST )
Understanding the cost of holding a credit card is just as important as knowing its benefits. The SBI...
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Understanding the cost of holding a credit card is just as important as knowing its benefits. The SBI...
Understanding the cost of holding a credit card is just as important as knowing its benefits. The SBI Card MILES credit card operates on a paid model, meaning you have to pay a fee to join and a fee to keep the card active every year.
When your application is approved, a one-time joining fee of Rs. 1499 plus 18% GST is added to your first statement. This brings your initial cost to around Rs. 1768. However, this cost is largely offset by the welcome benefit. If you spend Rs. 30,000 in your first 60 days, you earn 1,500 Travel Credits worth Rs. 750, recovering nearly half the joining cost immediately.
From the second year onward, the bank charges an annual renewal fee of Rs. 1499 plus GST. The great news is that this fee is not mandatory if you use the card heavily. The annual fee is entirely waived if your total spending on the card reaches Rs. 6 Lakh or more during the membership year. To achieve this waiver, you need an average monthly spend of Rs. 50,000. If you channel your groceries, dining, online shopping, and travel bookings through this card, hitting that Rs. 6 Lakh mark is quite possible for a family.
View FAQ
Commonly Asked Questions
What is the exact joining fee for this card?
The joining fee is Rs. 1499. Keep in mind that standard government GST of 18% is applied on top of this amount in your first billing statement.
How much do I have to pay every year to renew the card?
The annual renewal fee is also Rs. 1499 plus GST, charged at the end of every membership year.
Can I avoid paying the annual fee?
Yes, the annual fee is waived if you spend Rs. 6 Lakh or more in a year on your card. If you hit this target, the Rs. 1499 charge is reversed.
How much do I need to spend monthly to get the fee waiver?
To reach the Rs. 6 Lakh annual target, you need to spend an average of Rs. 50,000 every month on your credit card.
Do excluded categories count toward the fee waiver milestone?
Major excluded categories like cash withdrawals, fuel, and EMI conversions are excluded from the Rs. 6 Lakh annual fee waiver calculation.
What happens if I spend Rs. 5.9 Lakh in a year?
The waiver condition is strictly Rs. 6 Lakh. If you fall short by even a small amount, the full annual fee of Rs. 1499 plus GST will be charged to your account.
Is the joining fee ever waived?
The joining fee is a mandatory one-time charge; however, the welcome bonus of 1,500 Travel Credits effectively reduces the net cost to Rs. 749.
When is the annual fee billed?
The annual fee is billed in the statement generated for your card's anniversary month every year.
Eligibility
Age
Criteria*
21-65 years
Salary
Criteria*
4LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Getting approved for the SBI Card MILES credit card requires meeting specific age, income, and credit...
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Getting approved for the SBI Card MILES credit card requires meeting specific age, income, and credit...
Getting approved for the SBI Card MILES credit card requires meeting specific age, income, and credit score benchmarks. The bank has kept the criteria fairly accessible for regular working professionals and business owners.
First, the age bracket. You must be at least 21 years old to apply as a primary cardholder, and the maximum age limit goes up to 65 years. This applies to both salaried employees and self-employed individuals.
Your credit history plays a major role. The bank requires a minimum CRIF score of 750. A score of 750 or above shows you have a solid track record of repaying your past loans and credit card bills on time. If your score is below this, your application is likely to be rejected.
When it comes to income, the requirements are straightforward. For salaried individuals, you need a minimum annual income of Rs. 4 Lakh. This breaks down to roughly Rs. 33,333 per month, making it accessible for mid-level corporate employees. If you run your own business or work as a freelancer, the requirement is slightly higher. Self-employed applicants must show a minimum annual income of Rs. 4.5 Lakh. Across the board, the baseline monthly income accepted by the bank is Rs. 30,000.
View FAQ
Commonly Asked Questions
What is the minimum age required for this card?
You must be at least 21 years old to apply for the SBI Card MILES credit card as a primary cardholder.
What is the upper age limit to apply?
The maximum age limit is 65 years. Applications from individuals over 65 are ineligible for this card.
What salary do I need to get approved?
Salaried applicants need an annual income of at least Rs. 4 Lakh. This means your take-home salary should comfortably clear the Rs. 30,000 monthly minimum requirement.
I run a small business. What income proof do I need?
Self-employed professionals and business owners must demonstrate an annual income of at least Rs. 4.5 Lakh, usually proven through your latest Income Tax Returns (ITR).
What credit score is needed for this card?
You need a minimum CRIF credit score of 750. A healthy score above this threshold significantly increases your chances of instant approval.
Will I get rejected if my score is 720?
Because the strict requirement is a CRIF score of 750, a score of 720 will likely lead to an application rejection. You should focus on improving your score before applying.
Can a 20-year-old student apply for this card?
No, the absolute minimum age requirement is 21. Furthermore, students typically cannot meet the Rs. 30,000 monthly income requirement without a full-time job.
Do I need an existing SBI bank account?
You do not need an existing SBI savings account to apply; eligibility is determined primarily by your income and credit profile.
Does the bank accept both salaried and self-employed applicants?
Yes, the bank accepts both employment types, provided you meet the respective Rs. 4 Lakh or Rs. 4.5 Lakh annual income criteria.
Can I apply jointly with my spouse?
Credit card applications are evaluated on individual merit. Your spouse can get an add-on card later, but the primary application relies solely on your income and credit score.
All Card Benefits
- Earn 2 Travel Credits for every ₹200 that you spend on travel
- Earn 1 Travel Credit for every ₹200 on all other spends
- Get additional Domestic Lounge visit with every spend of ₹1 Lakh
- Earn 5,000 Bonus Travel Credits on annual spends of ₹5 Lakh
- Enjoy Annual Fee reversal on spends of ₹6 Lakh in a membership year
Welcome Benefits
Starting your journey with the SBI Card MILES credit card gives you a direct boos...
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Welcome Benefits Starting your journey with the SBI Card MILES credit card gives you a direct boos...
Welcome Benefits
Starting your journey with the SBI Card MILES credit card gives you a direct boost to your travel fund. When you receive the card, you have a clear target to hit to earn your welcome bonus. You need to spend Rs. 30,000 within the first 60 days of card issuance to get 1,500 Travel Credits.
Since 1 Travel Credit equals Rs. 0.50, this welcome bonus translates directly to Rs. 750 in travel value. To claim this, you must also pay your initial joining fee. Once both conditions are met, the credits hit your account automatically. For example, if you use the card to pay a Rs. 15,000 insurance premium and buy Rs. 15,000 worth of groceries and clothes in your first two months, you easily secure this bonus.
Travel and Milestone Rewards
The core engine of the SBI Card MILES credit card is its reward system. For every Rs. 200 you spend on travel bookings, you earn 2 Travel Credits. This essentially gives you a 1 percent return on all your flight and hotel expenses. For all other regular spends, like dining, apparel, or electronics, you earn 1 Travel Credit for every Rs. 200 spent.
To reward heavy usage, the card includes a milestone benefit. If you spend Rs. 5 Lakh in a single membership year, you get a bonus of 5,000 Travel Credits. In practical terms, that bonus alone is worth Rs. 2,500. Let us say you spend Rs. 5 Lakh evenly across the year on non-travel categories. You would earn 2,500 base credits plus the 5,000 bonus credits, giving you a total of 7,500 Travel Credits worth Rs. 3,750.
Domestic Lounge Access
Airport lounge access makes a huge difference for frequent flyers, offering free food, Wi-Fi, and a quiet place to wait for your flight. The SBI Card MILES credit card uses a unique spend-based model for its lounge benefits. Instead of a fixed monthly quota, you earn an additional domestic lounge visit every time you spend Rs. 1 Lakh on the card.
If you put all your major expenses on this card, from school fees to major electronics, hitting Rs. 1 Lakh every few months is quite manageable. This means your lounge visits scale up with your spending. If you spend Rs. 4 Lakh in a year, you guarantee yourself 4 comfortable airport lounge visits.
Reward Points Structure
Understanding the exact value of your rewards is the most critical part of using any credit card. The SBI Card MILES credit card operates on a Travel Credit system. Every 1 Travel Credit you earn holds a monetary value of Rs. 0.50.
Let us look at a practical calculation. If you spend Rs. 40,000 on travel this month, you earn 400 Travel Credits (2 credits per Rs. 200). If you spend another Rs. 60,000 on general shopping, you earn 300 Travel Credits (1 credit per Rs. 200). Your total earnings for the month are 700 Travel Credits. When you are ready to redeem, those 700 credits are worth Rs. 350. It is a simple, transparent system without complex conversion charts.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You need to pay your joining fee of Rs. 1499 and make total card spends of Rs. 30,000 within 60 days of the card being issued. Once you meet both conditions, the bank will credit the bonus to your account.
What is the exact value of the welcome bonus?
You receive 1,500 Travel Credits. Since each credit is worth Rs. 0.50, your total welcome benefit is worth Rs. 750 in real value towards your next travel booking.
When will I receive the welcome credits?
The Travel Credits will be added to your rewards balance after you successfully pay the initial joining fee and complete the Rs. 30,000 spending target within the 60-day window.
Do ATM withdrawals count towards the Rs. 30,000 target?
No, cash withdrawals, balance transfers, and other excluded transactions like rent or fuel do not count toward the welcome benefit spending milestone. Only valid retail purchases apply.
What happens if I spend Rs. 30,000 on day 65?
If you miss the 60-day deadline from the date of card issuance, you will forfeit the welcome bonus entirely. It is best to shift your major expenses to this card immediately after receiving it.
How many points do I earn on flight bookings?
Flight and hotel bookings fall under the travel category, which earns 2 Travel Credits for every Rs. 200 spent. For example, a Rs. 10,000 flight ticket will earn you 100 Travel Credits.
What is the reward rate for online shopping?
Online shopping on platforms like Amazon or Myntra falls under regular spends. You will earn 1 Travel Credit for every Rs. 200 spent, which equals an effective reward rate of 0.25 percent.
How do I get the 5,000 bonus Travel Credits?
You must reach a total spending milestone of Rs. 5 Lakh within one anniversary year of holding the card. Once you cross this threshold, the 5,000 bonus credits are added to your account automatically.
Does the Rs. 5 Lakh milestone include rent payments?
Rent payments are part of the bank's strict exclusion list. Therefore, spending on rent will not help you reach the Rs. 5 Lakh milestone for bonus rewards.
Is there a cap on how many base Travel Credits I can earn?
Base Travel Credits are earned on all valid retail spends without a monthly cap, allowing you to accumulate rewards based on your total eligible expenditure.
How do I earn a free airport lounge visit?
You earn one additional domestic airport lounge visit every time you accumulate Rs. 1 Lakh in spending on your card. The more you spend, the more visits you earn.
Is there international lounge access with this card?
The SBI Card MILES focuses exclusively on domestic lounge benefits; international lounge access is reserved for the premium MILES ELITE variant.
Do I need a Priority Pass for the domestic lounges?
Access domestic lounges by swiping your card at the participating lounge reception; a Priority Pass is not required for domestic entry.
Can my family use the lounge visits I earn?
Lounge access is strictly for the primary cardholder. If you want your spouse to enter for free, they would need their own add-on card or a separate eligible credit card.
How long are the earned lounge visits valid?
Earned lounge visits remain valid for use until the end of the current membership year.
What is the exact value of 1 Travel Credit?
Every 1 Travel Credit you earn is equal to Rs. 0.50. This means you need 2 Travel Credits to equal 1 Rupee in redemption value.
How much are 10,000 Travel Credits worth?
Since each credit is worth 50 paise, 10,000 Travel Credits translate exactly to Rs. 5,000 when you redeem them for travel bookings or catalogue products.
Do I earn Travel Credits on EMI transactions?
No, EMI transactions are part of the exclusion list. You will not earn any Travel Credits when you convert a purchase into monthly installments.
Will buying jewelry earn me reward points?
No, jewelry purchases are explicitly excluded from earning Travel Credits. Buying a gold chain or diamond ring will not add to your rewards balance.
Can I earn credits for paying government taxes?
Government-related transactions, including tax payments, are excluded from earning rewards on this card.
Are wallet top-ups eligible for Travel Credits?
Loading money into digital wallets like Paytm or Amazon Pay is completely excluded and will not earn you any Travel Credits.
Do I get rewards for paying school or college fees?
No, school and educational services are on the exclusion list. Paying your child's tuition with this card will not generate Travel Credits.
Is fuel spending rewarded?
Fuel transactions at petrol pumps do not earn any Travel Credits, as they fall under the bank's non-rewarding categories.
Do my Travel Credits expire?
Travel Credits remain valid for 24 months from the date of accumulation, after which they lapse if not redeemed.
Can I earn points on utility bill payments?
No, utility bill payments such as electricity, water, or internet bills are excluded from the reward program and will not earn any Travel Credits.
Milestone Benefits
5000 reward points(Worth ~ ₹5,000)
Spend ₹5,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Travel Credit = ₹1
Redemption Options
- Air Miles
- Hotel Points
- Travel Bookings
- Shop & Smile Product Catalogue
To check redemption catalogue
Earning rewards is only half the battle; redeeming them efficiently is where you realize the actual v...
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Earning rewards is only half the battle; redeeming them efficiently is where you realize the actual v...
Earning rewards is only half the battle; redeeming them efficiently is where you realize the actual value of your credit card. The SBI Card MILES credit card offers a highly flexible redemption system designed to suit different types of travelers.
The core conversion rate is straightforward: 1 Travel Credit equals Rs. 0.50. To redeem, you need to log into the SBI Card app or the dedicated rewards portal (https://www.sbicard.com/en/personal/rewards.page). Once logged in, you have four distinct redemption options: Air Miles, Hotel Points, Travel Bookings, and the Shop & Smile Product Catalogue.
For example, if you have accumulated 20,000 Travel Credits over the year, you have Rs. 10,000 in redemption power. You can use the portal to directly book a Rs. 10,000 domestic flight ticket. Alternatively, you can convert those credits directly into partner airline miles if you are trying to upgrade a business class seat. Keep in mind that every time you place a redemption request, the bank charges a handling fee of Rs. 99 plus GST.
View FAQ
Commonly Asked Questions
How do I start the redemption process?
Log in to your SBI Card mobile app or internet banking account, navigate to the Rewards section, and browse the redemption catalogue to choose your preferred option.
What is the rupee value of my Travel Credits?
Every 1 Travel Credit holds a value of Rs. 0.50. If you want a Rs. 1,000 flight voucher, you will need to redeem 2,000 Travel Credits.
Can I transfer my points to airline frequent flyer programs?
Yes, one of the primary redemption options is Air Miles. You can convert your Travel Credits directly into miles with partner airlines.
Can I use credits to book hotels?
Absolutely. You can either convert them into Hotel Points with partner hotel chains or use them directly for Travel Bookings through the SBI portal.
Is there any fee to claim my rewards?
Yes, the bank charges a reward redemption handling fee of Rs. 99 plus applicable GST every time you make a redemption request.
Can I buy physical products with my credits?
Yes, if you don't want to travel, you can use the Shop & Smile Product Catalogue to redeem your credits for electronics, home goods, or gift vouchers.
Is there a minimum number of credits needed to redeem?
Redeem your Travel Credits once you reach a minimum balance of 2,000 credits.
Can I convert Travel Credits directly into statement cashback?
Redemption is specifically designed for Air Miles, Hotel Points, Travel Bookings, and the Product Catalogue; direct statement cashback is not an available option.
Gift card - Key Terms
Once you apply, we will start tracking your application
Generally takes 2-72 hrs
Once the bank confirms us of your successful card activation, we will process your rewards
Generally takes 7-75 days
You can then withdraw your rewards via Amazon Pay Balance/Flipkart gift cards
Generally takes 7-75 days
Note: If you currently hold or have ever held an SBI Credit Card, you are not eligible for CashKaro Rewards.
Rewards Related
- If you currently hold or have ever held an SBI Credit Card, you are not eligible for Gift Card
- A minimum transaction of Rs.100 within 30 days is mandatory to activate your card; otherwise, you wont be eligible for the Rewards
- Please use Aadhaar linked mobile number to fill the application
- If the distance between your residence and office addresses is 150 km or more, please ensure that your residence is selected as the mailing address. Applications not adhering to this will be rejected
- VKYC done over 50km from your Aadhaar/communication address will result in application rejection and loss of Rewards
Also, Remember
- Resume your application only via Great.Cards to avoid losing Rewards
- If your Rewards do not track, raise a Missing Rewards Ticket within 30 Days from the application date
- Rewards can only be redeemed as Amazon Pay Balance and Flipkart Gift Card
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
Rent
Fuel
Insurance
MI Transactions
Jewellery
School & Educational Services
Government related transactions
Wallet Load
Fees
GST charges
All Reversals
Gambling
Tolls
Security Broker Services
Charity
Railways
Utility Spends
Balance Transfer
Financial Charges
For Spends Waiver
Rent
Fuel
Insurance
MI Transactions
Jewellery
School & Educational Services
Government related transactions
Wallet Load
Fees
GST charges
All Reversals
Gambling
Tolls
Security Broker Services
Charity
Railways
Utility Spends
Balance Transfer
Financial Charges
To maximize your SBI Card MILES credit card, you must know exactly which transactions will yield zero...
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To maximize your SBI Card MILES credit card, you must know exactly which transactions will yield zero...
To maximize your SBI Card MILES credit card, you must know exactly which transactions will yield zero rewards. The bank has a comprehensive list of exclusions. If you swipe your card in any of these categories, you will not earn a single Travel Credit.
The most significant exclusions are rent payments, fuel, insurance premiums, and utility bill payments. For example, if you pay Rs. 20,000 for your house rent and Rs. 5,000 for electricity using this card, you will not earn any points on that Rs. 25,000 spend. Similarly, wallet top-ups (loading money into Paytm or Amazon Pay) and EMI transactions are completely excluded.
Other notable exclusions include jewelry purchases, school and educational services, government-related transactions, cash withdrawals, tolls, gambling, and charity. It is vital to remember these rules because spending in these categories will not earn points and will not count toward your Rs. 6 Lakh annual fee waiver target.
View FAQ
Commonly Asked Questions
Will I earn points if I pay rent with my card?
No, rent payments are strictly excluded. Not only will you earn zero Travel Credits, but you will also be charged a Rs. 199 convenience fee for the transaction.
Do fuel transactions at petrol pumps give me any points?
No, fuel purchases are on the exclusion list and do not earn any rewards.
What happens to my rewards if I convert a purchase into an EMI?
EMI transactions are excluded. If you buy a Rs. 50,000 laptop and convert it to a 6-month EMI, you forfeit the Travel Credits you would have earned on that purchase.
Are school and college fees eligible for rewards?
No, transactions marked under School & Educational Services will not generate any Travel Credits.
Can I earn points by buying jewelry?
No, jewelry purchases are specifically excluded from the rewards program on this card.
Do I get points for loading my digital wallet?
Loading money into wallets is excluded. You cannot farm reward points by moving credit card funds into a wallet.
Are government taxes and utility bills rewarded?
Both government-related transactions and utility bill payments (like electricity and water) are completely excluded from earning Travel Credits.
Does buying railway tickets give me rewards?
Railway bookings are excluded from rewards. Furthermore, you will face a railway surcharge of 1.80% for online bookings or 2.50% for offline bookings.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.00% Forex Markup Fee will be levied if you use your card to make payments in any currency other than INR. This fee applies when shopping on e-commerce websites that accept payments in currencies other than INR or when making payments outside of India using a POS terminal. | 3.00% |
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 2.50% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable) | 2.50% |
Reward Redemption Fees A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request. | ₹99 |
Link for all T&Cs | Click Here |
Railway Surcharge Surcharge on booking or cancelling railway tickets will be levied as prescribed by IRCTC or Indian Railways and may vary based on their applicable charges. | As prescribed by IRCTC / Indian Railways |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 |
cheque Payment Fees ₹200 cheque payment fee is applicable on payments made through cheque | ₹200 |
Cash Payment Fees ₹250 + applicable taxes for cash payment of credit card bill at select SBI branches | ₹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 | ₹1,100 |
| ₹50,000 and above | ₹1,300 |
Understanding every fee attached to your credit card protects you from unexpected statement shocks. T...
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Understanding every fee attached to your credit card protects you from unexpected statement shocks. T...
Understanding every fee attached to your credit card protects you from unexpected statement shocks. The SBI Card MILES card sits in the mid-range category, meaning its baseline fees are reasonable, but penalties for late payments or cash withdrawals can pile up quickly.
Joining Fee: The bank charges a one-time joining fee of Rs. 1499 plus GST. This fee is mandatory, but by spending Rs. 30,000 in your first 60 days, you earn 1,500 Travel Credits (worth Rs. 750) to offset a significant portion of this initial cost.
Annual or Renewal Fee: From the second year, an annual fee of Rs. 1499 plus GST applies. However, the annual fee is waived if you spend Rs. 6 Lakh or more in a year on your card. For example, if you average Rs. 50,000 a month on valid retail purchases, you will not pay this fee next year.
APR or Interest Rate: Finance charges of 3.75% per month (45% per annum) apply on unpaid outstanding balances until the amount is fully repaid. If you leave a balance of Rs. 10,000 unpaid after the due date, you will accumulate Rs. 375 in interest in just one month, plus additional taxes.
Late Payment Charges: The bank applies a tiered late payment fee ranging from Rs. 0 to Rs. 1300 based on your outstanding amount. If your outstanding balance is between Rs. 1001 and Rs. 10,000, you will be hit with a Rs. 750 fine. A balance over Rs. 50,000 incurs the maximum Rs. 1300 penalty.
Foreign Transaction or Forex Markup Fee: A 3.5% forex markup is charged on transactions made in currencies other than INR. If you buy a gadget online for USD 100 (roughly Rs. 8300), the bank adds a 3.5% fee, costing you an extra Rs. 290.5 just for currency conversion.
ATM Cash Withdrawal Fee: 2.5% of the withdrawn amount is charged on cash advances using the credit card, with a minimum fee of Rs. 500. If you withdraw Rs. 10,000 from an ATM, 2.5% is Rs. 250, but because of the minimum rule, you will be charged a Rs. 500 fee instantly.
Rent Payment Convenience Fee: A surcharge fee of Rs. 199 plus GST applies on rental transactions made using the credit card. Paying a Rs. 20,000 rent bill will cost you roughly Rs. 235 extra, and you won't earn any reward points on the transaction.
Railway Surcharge: A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied. Buying a Rs. 2,000 train ticket online will incur a Rs. 36 surcharge, making it cheaper to use UPI for IRCTC bookings.
Cash Payment Fee: A Rs. 250 cash payment fee is charged per deposit. If you walk into a branch and hand over Rs. 5,000 in cash to clear your credit card bill, the bank will add a Rs. 250 fee to your next statement.
Cheque Payment Fee: A Rs. 200 cheque payment fee applies per deposit. Dropping a cheque in the drop box to clear your bill will cost you an extra Rs. 200. It is always better to pay online via NEFT or UPI for free.
Reward Redemption Fee: A reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request. If you redeem points worth Rs. 500, losing roughly Rs. 117 to the fee significantly reduces the value of your rewards. Always redeem in large batches.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 1499 + GST |
| Annual Fee | Rs. 1499 + GST (Waived on Rs. 6 Lakh spend) |
| Interest Rate (APR) | 3.75% per month (45% annually) |
| Forex Markup | 3.5% |
| Cash Advance Fee | 2.5% (Min Rs. 500) |
| Rent Payment Fee | Rs. 199 + GST |
| Reward Redemption Fee | Rs. 99 + GST |
| Late Payment Fee | Up to Rs. 1300 depending on balance |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 1499 plus applicable GST. This is charged in your very first statement.
What is the annual or renewal fee?
The card carries an annual renewal fee of Rs. 1499 plus GST, charged at the end of each membership year.
Is there an annual fee waiver based on spending?
Yes, the annual fee is waived if you spend Rs. 6 Lakh or more in a year on your card, as per bank policy.
How can I get this card lifetime free?
This card is a paid offering and is not issued on a lifetime free basis.
What is the interest rate (APR) if I don't pay my full balance?
The interest rate is a high 3.75% per month, which calculates to 45% annually.
How is the interest calculated on outstanding balances?
Finance charges apply on unpaid outstanding balances until the amount is fully repaid. It is calculated daily from the date of the original transaction, not just from the due date.
What are the late payment charges?
Late fees range in slabs: Rs. 0 for balances under Rs. 500, up to a maximum penalty of Rs. 1300 for balances over Rs. 50,000.
Is the late payment fee different based on outstanding amount?
Yes, if you owe between Rs. 1001 and Rs. 10,000, the fee is Rs. 750. Owe between Rs. 10,001 and Rs. 25,000, and the fee jumps to Rs. 950.
What is the forex markup for international transactions?
A 3.5% forex markup is charged on transactions made in currencies other than INR.
Can I withdraw cash using my credit card?
Yes, but it is expensive. 2.5% of the withdrawn amount is charged on cash advances.
What are the cash withdrawal charges and limits?
You pay a 2.5% fee with a minimum mandatory charge of Rs. 500. Additionally, high-interest rates begin accruing from the minute you withdraw the cash.
What happens if I spend more than my credit limit?
Spending beyond your assigned credit limit incurs an overlimit fee of 2.5% of the overlimit amount, subject to a minimum of Rs. 600.
Are there fees for paying rent with this card?
Yes, a surcharge fee of Rs. 199 plus GST applies on rental transactions made using the credit card.
Is there a fee for paying my bill in cash?
Yes, there is a Rs. 250 cash payment fee if you pay your credit card bill over the counter at a branch.
What are the charges for cheque payment of bills?
A Rs. 200 cheque payment fee is applied per deposit if you use a cheque to clear your card balance.
What happens if my payment cheque bounces?
A cheque return attracts a fee of 2% of the cheque amount (minimum Rs. 450) and results in severe penalties while negatively impacting your credit score.
Are there charges for railway ticket bookings?
Yes, a railway booking surcharge of 1.80% for online transactions and 2.50% for physical counter bookings is applied.
Is there a fee to redeem my reward points?
Yes, a reward redemption handling fee of Rs. 99 plus applicable GST is charged per redemption request.
What are the card replacement charges for lost or stolen cards?
Replacing a lost or stolen card incurs a standard fee of Rs. 100 plus GST.
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.
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Commonly Asked Questions
What identity proof is required?
You need a clear copy of your PAN card. For Video KYC, you must present your physical, original PAN card to the camera.
What can I use as address proof?
Your Aadhaar card is the most accepted address proof. You can also use a valid Passport, Voter ID, or a recent utility bill in your name.
What income proof is needed for salaried applicants?
Salaried individuals need to submit their last 3 months' salary slips and the latest bank statement showing the salary credits.
What documents do self-employed applicants need?
If you run a business, you need to provide your latest Income Tax Returns (ITR) computation proving an annual income of at least Rs. 4.5 Lakh.
Do I need to submit physical photographs?
When applying online via Video KYC, a live photo is captured digitally. For offline applications, you will need recent passport-size photographs.
Can I apply without an Aadhaar card?
While Aadhaar makes e-KYC instant and seamless, you can use a Passport or Voter ID for offline applications, though this adds time to the verification process.
Is my data safe during document submission?
Yes, official bank portals and authorized partners use secure, encrypted channels to process your PAN and Aadhaar data.
Who Should Get This Card?
The SBI Card MILES credit card is specifically tailored for the "Weekend Warrior"—a young professional who takes a few domestic flights a year, frequently books weekend getaways, and wants to earn straightforward points to reduce the cost of their next trip. If you earn at least Rs. 30,000 a month and spend roughly Rs. 1 Lakh on travel annually, the double reward rate and the spend-based lounge access fit your lifestyle perfectly.
Conversely, this card is not for homebodies or heavy grocery shoppers. If your biggest expenses are utility bills, school fees, and supermarket runs, the high exclusion list and low base reward rate (0.25% effective value) will leave you disappointed. Likewise, ultra-premium flyers seeking international lounge access and zero forex markups should look at higher-tier cards.
Credit Limit and What to Expect
When your SBI Card MILES credit card is approved, the bank assigns you a specific credit limit. This limit is not fixed for everyone; it depends heavily on your monthly income, your existing credit utilization, and your CRIF score of 750 or above.
If you earn Rs. 50,000 per month and have no other major loans, you might see a starting limit of Rs. 1 Lakh to Rs. 1.5 Lakh. If you use the card responsibly and pay your bills in full every month, the bank will periodically offer credit limit enhancements.
View FAQ
Commonly Asked Questions
What will my starting credit limit be?
Your limit is decided internally by the bank based on your income of Rs. 4 Lakh+ and your CRIF score. You will know the exact limit once the card is approved.
Can I request a higher limit immediately?
The bank reviews accounts for manual limit increase requests after you have established 6 months of consistent, on-time payment history.
Does the bank offer automatic limit upgrades?
Yes, if you consistently pay your total outstanding balance on time and maintain a low credit utilization ratio, the bank will proactively offer limit enhancements.
Will checking my credit limit hurt my score?
No, checking your assigned limit in the bank's mobile app has no impact on your credit score. Only new applications cause hard inquiries.
What happens if I spend more than my limit?
Spending beyond your assigned credit limit incurs an overlimit fee of 2.5% of the overlimit amount, subject to a minimum of Rs. 600. Transactions may also be declined.
Does my credit limit affect my lounge access?
No, your total limit does not affect lounge access. The lounge benefit is based strictly on your actual spending, granting one visit per Rs. 1 Lakh spent.
How to Apply?
Applying for the SBI Card MILES credit card is a fully digital, paperless process. You can apply directly through the official SBI Card website or via authorized partner platforms.
Once you fill in your basic details like PAN, income, and employment type, the system checks your CRIF score. If you meet the 750 threshold and the income requirements, you will be prompted to complete Video KYC. During the Video KYC call, a bank agent will verify your original PAN card on camera. Ensure you have a stable internet connection, good lighting, and are physically present in India during the call.
View FAQ
Commonly Asked Questions
Can I apply for this card entirely online?
Yes, the application process is completely digital. You can submit your details, verify your identity, and complete the process from your smartphone or laptop.
What is Video KYC and is it mandatory?
Video KYC is a mandatory digital verification step where a bank executive confirms your identity via a video call. It removes the need for a physical document pickup.
What documents should I keep ready for the Video KYC?
You must have your original physical PAN card and a blank piece of paper with a blue or black pen for a live signature.
How long does the approval process take?
Approval takes 7 working days following successful Video KYC and document verification, followed immediately by card dispatch.
Can I track my application status?
Yes, after applying, you will receive an Application ID via SMS. You can use this ID on the bank's track application page to see real-time updates.
What happens if my Video call gets disconnected?
If your internet drops, you can restart the Video KYC process using the link sent to your registered email or mobile number.
Is there an offline way to apply?
Yes, you can visit any major SBI branch and submit a physical application form, though the online process is much faster.
That’s the full story of this credit card
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Top Benefits
Apply and get ₹1400 Rewards
Top Benefits
Get 1,500 Travel Credits
as a Welcome Gift on spending ₹30,000 within 60 days of card issuance
Earn 5,000 Bonus Travel Credits
on achieving annual spends of ₹5 lakh
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