SBI
SBI Card Pulse Credit Card
This is an invite only card
Top Benefits
Earn 10 Reward Points
on every ₹100 spent on chemist, pharmacy, sports, dining and movies
Get a Noise ColorFit Pulse 4 Pro Smartwatch
worth ₹7,999 as a welcome gift on payment of the joining fee
Best For
Shopping
Travel
The SBI Card Pulse Credit Card stands out by perfectly blending health and wellness benefits with every...
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The SBI Card Pulse Credit Card stands out by perfectly blending health and wellness benefits with every...
The SBI Card Pulse Credit Card stands out by perfectly blending health and wellness benefits with everyday rewards. Right from the start, this card grabs your attention with a complimentary Noise ColorFit Pulse 4 Pro Smartwatch worth Rs. 7,999 just for paying the joining fee. If you actively spend on chemists, pharmacy, sports, dining, and movies, this card accelerates your savings by offering 10 reward points for every Rs. 100 spent in these categories.
This card is ideal for health-conscious individuals and those who frequently spend on lifestyle categories. It competes well in the mid-premium segment by not only rewarding wellness spends but also providing solid travel perks, like complimentary domestic lounge access and a Priority Pass membership. Instead of offering generic rewards, the SBI Card Pulse directly targets users who prioritize fitness and entertainment, making every swipe in these areas highly rewarding.
View FAQ
Commonly Asked Questions
Is the SBI Card Pulse Credit Card lifetime free?
No, it is not a lifetime free card. It comes with a joining and annual fee of Rs. 1,499. However, the annual fee can be waived if you spend Rs. 2 lakh or more in a year.
Is the SBI Card Pulse a good credit card?
Yes, it is an excellent choice for health-conscious users. You earn an impressive 10 reward points per Rs. 100 on pharmacy, sports, dining, and movie spends, plus you get a smartwatch worth Rs. 7,999 as a welcome gift.
Who should apply for this card?
If you regularly spend on medicines, gym memberships, dining out, and movie tickets, this card is built for you. It also suits those looking for basic travel benefits like domestic lounge access.
What makes this different from other lifestyle cards?
Its strong focus on wellness sets it apart. While most cards focus broadly on shopping, the SBI Card Pulse specifically rewards chemistry, pharmacy, and sports spends, and gives you a premium fitness smartwatch as a welcome benefit.
Expert Review
The SBI Card Pulse Credit Card hits a very specific and appealing sweet spot. The welcome benefit alone makes getting the card a smart financial move. Paying Rs. 1,499 to get a smartwatch worth Rs. 7,999 is excellent value from day one.
I appreciate how focused the reward categories are. Earning 10X points (a 2.5% return) on pharmacy, sports, dining, and movies perfectly targets the modern, active lifestyle. Furthermore, the 0% forex markup is a massive benefit. While zero markup is usually reserved for super-premium cards costing upwards of Rs. 10,000 annually, getting it on a Rs. 1,499 card is an incredible deal for international travelers.
My main criticism is the base reward rate. Earning just 2 points per Rs. 100 (0.5% return) on all other non-category spends is low. If you use this card to buy electronics, pay regular bills, or shop for clothes online, your returns will be mediocre. Therefore, this card shines best as a secondary card in your wallet—pull it out specifically for health expenses, dining, and international trips, and use a flat-rate cashback card for everything else.
Joining / Annual Fee
Joining Fees
₹1,769 ( ₹1499 + GST )
Annual Fees
₹1,769 ( ₹1499 + GST )
Understanding the costs associated with the SBI Card Pulse Credit Card is essential to deciding if it f...
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Understanding the costs associated with the SBI Card Pulse Credit Card is essential to deciding if it f...
Understanding the costs associated with the SBI Card Pulse Credit Card is essential to deciding if it fits your budget. The fee structure is straightforward, but the bank offers excellent ways to offset the costs.
When you are issued the card, you will be charged a one-time joining fee of Rs. 1,499 (plus applicable taxes). However, this fee is completely offset by the welcome benefit. Once you pay this fee, you receive a Noise ColorFit Pulse 4 Pro Smartwatch worth Rs. 7,999, meaning you get far more value upfront than what you pay.
Moving forward, the card carries an annual renewal fee of Rs. 1,499 charged every year. You can avoid paying this entirely through regular usage. The bank waives the annual fee if you spend Rs. 2 lakh or more in the preceding membership year. To put that into perspective, you only need to spend about Rs. 16,667 per month on the card—whether on groceries, dining, online shopping, or bills—to get the Rs. 1,499 fee waived for the next year.
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The one-time joining fee is Rs. 1,499 plus applicable GST, charged when the card is issued.
Is there a welcome bonus to offset the joining fee?
Yes, the joining fee is offset with a complimentary Noise ColorFit Pulse 4 Pro Smartwatch worth Rs. 7,999 upon payment of the fee.
What is the annual or renewal fee?
From the second year onwards, an annual fee of Rs. 1,499 plus GST is charged to your account.
Is there an annual fee waiver option?
Yes, the annual fee is waived if you spend Rs. 2 lakh or more in a year on your card.
What is the spending requirement for the annual fee waiver?
You need to spend Rs. 2 lakh annually. That breaks down to an easily achievable Rs. 16,667 per month on your regular expenses.
From when is the annual fee charged?
The annual fee is charged at the end of your 12-month membership period, right on your card anniversary date.
How can I get this card lifetime free?
The SBI Card Pulse is not offered as a lifetime free card. You must meet the Rs. 2 lakh annual spend target to get the fee waived each year.
What happens if I don't meet the fee waiver spending requirement?
If you fall short of the Rs. 2 lakh spend target, the full annual fee of Rs. 1,499 plus taxes will be charged to your next statement.
Eligibility
Age
Criteria*
21-60 years
Salary
Criteria*
2LPA
Credit
Rating*
750+
New to credit
allowed
No
Existing Bank
Customer Allowed
Yes
Before applying for the SBI Card Pulse Credit Card, you need to ensure you meet the bank's strict eligi...
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Before applying for the SBI Card Pulse Credit Card, you need to ensure you meet the bank's strict eligi...
Before applying for the SBI Card Pulse Credit Card, you need to ensure you meet the bank's strict eligibility requirements. The bank looks closely at your age, income, and credit history to determine if you are a good fit for this mid-premium lifestyle card.
Age is the first factor. Both salaried and self-employed applicants must be between 21 and 60 years old at the time of submitting the application. Regarding income, the barrier to entry is relatively accessible. You need a minimum annual income of Rs. 2 lakh. That breaks down to roughly Rs. 16,667 per month, making it an achievable target for most young professionals and self-employed individuals.
Finally, your credit health matters. The bank requires a minimum CRIF score of 750 or above. Having a strong credit score proves you manage debt responsibly, which is crucial for approval.
- Age: 21 to 60 years
- Employment Type: Both Salaried and Self-Employed
- Minimum Income (Salaried): Rs. 2 Lakh per annum
- Minimum Income (Self-Employed): Rs. 2 Lakh per annum
- Minimum Credit Score: 750 CRIF score or above
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 to be eligible for this card.
What is the maximum age limit for the primary cardholder?
The upper age limit for eligibility is 60 years at the time of application.
What is the minimum salary required for salaried applicants?
Salaried individuals need a minimum annual income of Rs. 2 lakh to qualify. That translates to a monthly income of about Rs. 16,667.
What is the minimum annual income for self-employed applicants?
Self-employed professionals and business owners must also demonstrate an annual income of at least Rs. 2 lakh.
Can self-employed individuals apply for this card?
Yes, self-employed professionals are welcome to apply as long as they meet the income and credit score criteria.
What credit score is needed for approval?
A minimum CRIF credit score of 750 is required for approval, indicating a good track record of managing credit.
Will my application be rejected if my credit score is below 750?
A score below 750 significantly increases the chances of rejection. Meeting the 750 criteria is a firm requirement for successful approval of this card variant.
Can I check my eligibility without affecting my credit score?
Yes, preliminary eligibility checks involve a soft inquiry that does not impact your credit score.
Do I need to be an Indian citizen to apply?
Indian citizens and resident Indians are eligible. NRIs can also apply by providing valid NRE/NRO account statements and proof of Indian origin.
Can I get an add-on card for my spouse?
SBI credit cards allow you to apply for up to two add-on cards for immediate family members, including your spouse, parents, or children above 18 years of age.
All Card Benefits
- Earn 10 Reward Points on every ₹100 spent on Chemist, Pharmacy, Sports, Dining & Movies; 4 Reward Points = ₹1
- Earn 2 Reward Points on every ₹100 spent on all other spends; 4 Reward Points = ₹1
- Get ₹1,500 e-Voucher on annual retail spends of ₹4,00,000
- Enjoy Complimentary 1-year FITPASS PRO Membership on card renewal every year
- Enjoy Complimentary 1-year Netmeds First Membership on card renewal every year
Welcome Benefits
The moment you activate your card and pay the joining fee, you receive a fantastic ...
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Welcome Benefits The moment you activate your card and pay the joining fee, you receive a fantastic ...
Welcome Benefits
The moment you activate your card and pay the joining fee, you receive a fantastic welcome gift. The SBI Card Pulse offers a complimentary Noise ColorFit Pulse 4 Pro Smartwatch, which is valued at Rs. 7,999. This smartwatch more than offsets the initial Rs. 1,499 joining fee, giving you immediate, tangible value for choosing this card.
Reward Points Structure
The reward system on the SBI Card Pulse is designed to give maximum returns on specific lifestyle and health categories. You earn an impressive 10 reward points for every Rs. 100 spent on chemist, pharmacy, sports, dining, and movie transactions. Since 4 reward points equal Rs. 1, this gives you a 2.5% return on these specific categories. For all other everyday purchases, you earn 2 reward points per Rs. 100 spent, which equals a 0.5% return. For example, if you spend Rs. 10,000 in a month at pharmacies and sports stores, you earn 1,000 reward points, which translates to Rs. 250 in value.
Additionally, the card rewards high spenders. If you spend Rs. 4 lakh in a year, you receive an e-voucher worth Rs. 1,500, giving you an extra boost in overall value.
Dining and Entertainment Benefits
Food lovers and movie buffs will find a lot of value here. Every time you dine out or book movie tickets, the card grants you 10 reward points per Rs. 100 spent. Suppose you spend Rs. 5,000 on dining and Rs. 2,000 on movies in a month; you will rack up 700 reward points. When converted at the rate of 4 points to Rs. 1, you get Rs. 175 back in value just for enjoying your weekends.
Airport Lounge Benefits
Frequent domestic travelers get a comfortable perk with the SBI Card Pulse. You are entitled to 8 complimentary domestic lounge visits annually, capped at 2 visits per quarter. On top of that, you receive a complimentary Priority Pass Membership worth US$99 for the first two years. Please note that while the Priority Pass membership is free, actual visits to international lounges using the pass will incur usage charges.
Fuel Surcharge Waiver
Driving to work or taking weekend road trips becomes slightly cheaper. The card offers a 1% fuel surcharge waiver on transactions ranging from Rs. 500 to Rs. 4,000 across all petrol pumps in India. The maximum waiver you can get in a single billing cycle is Rs. 250. So, if you spend Rs. 25,000 on fuel in a month in eligible chunks, you max out the Rs. 250 savings.
Insurance Benefits
Security is a key feature here. The card comes with a complimentary Fraud Liability Insurance cover of Rs. 1 lakh. This cover protects you against unauthorized transactions from 48 hours prior to reporting the loss to the bank until 7 days post-reporting. Additionally, you receive a complimentary Air Accident Insurance cover of Rs. 50 lakh, valid until July 15, 2025.
View FAQ
Commonly Asked Questions
How do I qualify for the welcome bonus?
You qualify for the complimentary Noise ColorFit Pulse 4 Pro Smartwatch upon payment of the joining fee of Rs. 1,499. Ensure your first bill is paid to receive the benefit.
What is the value of the welcome benefit?
The Noise ColorFit Pulse 4 Pro Smartwatch is valued at Rs. 7,999. This easily covers the Rs. 1,499 joining fee you pay in the first year.
Do I get the smartwatch every year?
No, the smartwatch is a one-time welcome benefit provided when you pay the initial joining fee. It is not an annual renewal benefit.
Is there a minimum transaction amount required to get the welcome gift?
You receive the smartwatch after paying the joining fee of Rs. 1,499 and making a single transaction of at least Rs. 100 within the first 30 days of card issuance.
What is the standard reward rate on this card?
You earn 2 reward points for every Rs. 100 spent on general purchases. This translates to an effective reward rate of 0.5% on regular spends.
How many reward points do I earn on health and dining categories?
You earn an accelerated 10 reward points per Rs. 100 spent on chemist, pharmacy, sports, dining, and movies. For instance, a Rs. 2,000 dinner bill earns you 200 points.
What is the value of 1 reward point in rupees?
Each reward point is valued at Rs. 0.25. This means 4 reward points equal Rs. 1, making it easy to calculate your total rewards value.
Are there any bonus reward points for annual spending milestones?
Yes, if you reach an annual spend of Rs. 4 lakh, you receive an e-voucher worth Rs. 1,500 as a milestone benefit.
Which transactions are excluded from earning reward points?
Transactions like cash advances, balance transfers, wallet loads, fuel spends, rent payments, and EMI conversions are strictly excluded from earning reward points.
Do I earn points on utility bill payments?
Utility payments do not earn reward points on this card. This includes all electricity, water, and piped gas payments made through the credit card.
Do I earn points on fuel purchases?
No, fuel purchases are excluded from earning reward points, but you do receive a fuel surcharge waiver on eligible transactions.
How can I redeem my reward points?
You can redeem your points for statement credits, merchandise, or gift vouchers through the SBI Card rewards catalogue online.
Is there a fee for redeeming my reward points?
No fee is charged when redeeming reward points on this card, allowing you to enjoy the full value of your earnings.
How many points do I earn on dining transactions?
You earn an accelerated 10 reward points per Rs. 100 spent on dining. A Rs. 3,000 restaurant bill will fetch you 300 points.
Do I get accelerated points on Swiggy and Zomato?
Accelerated 10X points apply to all food delivery aggregators, including Swiggy and Zomato, as they are classified under the Dining Merchant Category Code.
How many points do I get for movie bookings?
You earn 10 reward points per Rs. 100 spent on movie tickets. Spending Rs. 1,000 at the cinema earns you 100 reward points.
Does the card offer buy-one-get-one movie tickets?
This card does not offer buy-one-get-one free movie tickets; instead, it rewards you with 10X points on your movie spends.
How many domestic lounge visits do I get?
You get 8 complimentary domestic lounge visits per year, with a maximum limit of 2 visits per quarter.
Do I get international lounge access?
You receive a complimentary Priority Pass Membership worth US$99 for the first two years, but any actual lounge visits using the pass will be charged.
Can my family use the lounge access on my card?
Complimentary lounge access is strictly for the primary cardholder. Guests traveling with you will be charged standard entry fees.
How do I use the domestic lounge benefit?
Simply present your SBI Card Pulse at participating domestic airport lounges along with your boarding pass to access the facility.
What is the fuel surcharge waiver on this card?
You get a 1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000 at any petrol pump.
What is the maximum waiver I can get in a month?
The maximum fuel surcharge waiver is capped at Rs. 250 per statement cycle.
Do I earn reward points on fuel purchases?
No, fuel purchases are specifically excluded from earning reward points on the SBI Card Pulse.
Is the waiver valid at all petrol pumps?
Yes, the 1% surcharge waiver is valid across all fuel stations in India, provided the transaction falls within the Rs. 500 to Rs. 4,000 range.
What is the fraud liability cover amount?
You get a complimentary Fraud Liability Insurance cover of Rs. 1 lakh to protect against unauthorized transactions.
When does the fraud insurance apply?
The coverage is valid from 48 hours prior to reporting the loss of the card until 7 days post-reporting.
Does the card offer travel insurance?
Yes, it provides a complimentary Air Accident Insurance cover of Rs. 50 lakh, which is currently valid until July 15, 2025.
How do I claim the insurance benefits?
In case of a claim, contact the SBI Card helpline at 1860-180-1290 immediately to report the incident and initiate the claims process with the insurance partner.
Milestone Benefits
Voucher Benefit(Worth ~ ₹1,500)
Spend ₹4,00,000 in 365 days
Voucher Benefit(Worth ~ ₹1,499)
Spend ₹2,00,000 in 365 days
How to Redeem Rewards & Cashback?
Rewards Conversion Rate
1 Reward Point = ₹0.25
Redemption Options
- Statement credit
- Rewards Catalogue
- Vouchers
To check redemption catalogue
Turning your accumulated reward points into actual value is a straightforward process with the SBI Card...
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Turning your accumulated reward points into actual value is a straightforward process with the SBI Card...
Turning your accumulated reward points into actual value is a straightforward process with the SBI Card Pulse. Since there is no reward redemption fee on this card, you retain 100% of the value you have earned.
To redeem your points, log into your SBI Card mobile app or internet banking portal and navigate to the 'Rewards' section. The value of your points is fixed: 1 Reward Point equals Rs. 0.25. So, if you have accumulated 10,000 reward points from dining and pharmacy spends, those points are worth Rs. 2,500.
You have multiple options for redemption. You can convert the points into statement credit, which directly reduces your outstanding credit card bill. Alternatively, you can browse the SBI Card rewards catalogue to redeem points for merchandise, electronics, or popular brand vouchers. The process is completely digital, and statement credits usually reflect within a few working days.
View FAQ
Commonly Asked Questions
How do I redeem the reward points I have earned?
Log in to your SBI Card online account or mobile app, go to the rewards catalogue, and choose to redeem for statement credit, merchandise, or vouchers.
What is the value I get when I redeem reward points?
Each reward point is worth Rs. 0.25. For example, if you redeem 4,000 points, you get a value of Rs. 1,000.
Can I use my points to pay my credit card bill?
Yes, one of the redemption options is statement credit, where the value of your points is adjusted against your outstanding bill balance.
Is there a fee for redeeming my rewards?
No fee is charged when redeeming reward points on this card, allowing you to maximize your benefits.
What can I redeem my reward points for?
You can redeem them for statement credit, physical merchandise, or e-vouchers from the official SBI Card rewards catalogue.
Is there a minimum points balance needed before I can redeem?
You must have a minimum of 2,000 reward points in your account to initiate a redemption request on this card.
Do my reward points expire?
Reward points expire 24 months from the date of accumulation. Check your monthly statement for specific expiry dates of your accumulated points.
How long does it take for redeemed vouchers to reach me?
E-vouchers are delivered to your registered email and mobile number instantly or within 24 hours of redemption.
Bank Exclusions
You will not earn points / cashback on spends in the following categories
For Points / Cashback Earnings
All Reversals
Cancelled Transactions
Cash Advances
ATM Cash Withdrawals
Quasi-Cash Transactions
Money Transfers
P2P Transfers
Wallet Loads
Gift Cards And Vouchers
EMI Spends
Bank Charges & Fees
Late Payment Fees
Processing Fees
Financial Charges
Interest Charges
Payment Returned Charges
Service/Interest Charges
Transaction Charges
Education Spends
Fuel Spends
Fuel Surcharge
Gambling Transactions
Lottery
Online Skill-Based Gaming
Government-Related Transactions
Utility Bill Payments
Telecom
Taxes
Insurance Payments
Jewellery Purchases
Forex Transactions
Cryptocurrency/Digital Asset Transactions
Rent Payment
Railways
Collection Agencies
Security Broker Services
Charity
Donations
Antique Items
Load Money
Liquid Assets
Outstanding Payments
Voucher Purchases
Donations To Religious Organizations
Donations To Political Organizations
For Spends Waiver
All Reversals
Cancelled Transactions
Cash Advances
ATM Cash Withdrawals
Quasi-Cash Transactions
Money Transfers
P2P Transfers
Wallet Loads
Gift Cards And Vouchers
EMI Spends
Bank Charges & Fees
Late Payment Fees
Processing Fees
Financial Charges
Interest Charges
Payment Returned Charges
Service/Interest Charges
Transaction Charges
Education Spends
Fuel Spends
Fuel Surcharge
Gambling Transactions
Lottery
Online Skill-Based Gaming
Government-Related Transactions
Utility Bill Payments
Telecom
Taxes
Insurance Payments
Jewellery Purchases
Forex Transactions
Cryptocurrency/Digital Asset Transactions
Rent Payment
Railways
Collection Agencies
Security Broker Services
Charity
Donations
Antique Items
Load Money
Liquid Assets
Outstanding Payments
Voucher Purchases
Donations To Religious Organizations
Donations To Political Organizations
To use your SBI Card Pulse effectively, you must know where it will not earn you any reward points. The...
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To use your SBI Card Pulse effectively, you must know where it will not earn you any reward points. The...
To use your SBI Card Pulse effectively, you must know where it will not earn you any reward points. The bank has a comprehensive list of exclusions. Transactions falling into these categories will be processed normally, but they will not add to your reward point balance.
You will not earn points on all reversals, cancelled transactions, cash advances, ATM cash withdrawals, quasi-cash transactions, money transfers, P2P transfers, wallet loads, or gift cards and voucher purchases. Furthermore, EMI spends, education spends, fuel spends (including fuel surcharge), and gambling transactions like lottery and online skill-based gaming yield zero points. Government-related transactions, utility bill payments, telecom, taxes, and insurance payments are also excluded. Finally, you get no rewards for jewellery purchases, forex transactions, cryptocurrency assets, rent payments, railways, collection agencies, security broker services, charity, donations, liquid assets, or outstanding payments.
For example, if you pay a Rs. 15,000 insurance premium or a Rs. 20,000 rent bill using this card, you will earn exactly zero reward points. Always use a different payment method or a specialized card for these heavy expenses.
View FAQ
Commonly Asked Questions
Which transactions do not earn rewards on this card?
Transactions like cash advances, wallet loads, EMI conversions, fuel, utility bills, rent, and insurance payments do not earn any reward points.
Are fuel transactions excluded from earning rewards?
Yes, fuel spends are completely excluded from earning standard or accelerated reward points on this card.
Does paying rent with this card earn reward points?
No, rent payments are excluded from reward earning. Additionally, the bank charges a 1% fee on rent transactions.
Are insurance premium payments excluded from rewards?
Yes, insurance payments are listed under the exclusions and will not accumulate any reward points on your account.
Do wallet top-ups or gift card purchases earn rewards?
Loading money into digital wallets (like Paytm or Amazon Pay) and purchasing gift cards are excluded from earning rewards.
Are education or school fee payments excluded from earning rewards?
Yes, education spends are categorized as exclusions and do not earn any reward points on the SBI Card Pulse.
What happens if I accidentally make a payment in an excluded category?
The transaction will process normally and hit your outstanding balance, but you simply won't earn any reward points for that specific spend.
Bank Fee Structure
| Structure | Details |
|---|---|
Forex Markups  3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. | 3.50% |
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). | 2.50% |
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 A railway booking surcharge of 1.80% for online transactions and 2.50% for other bookings is applied, with additional bank charges and taxes recovered at actuals. | 1.80% |
Rent Payment Fees A surcharge fee of ₹199 + GST applies on rental transactions made using the credit card | ₹199 + GST |
cheque Payment Fees ₹200 cheque payment fee per deposit. | ₹200 |
Cash Payment Fees ₹250 cash payment fee per deposit. | ₹250 |
| Late Payment Fees | Amount Due |
|---|---|
| ₹0 - ₹500 | ₹0 |
| ₹501 - ₹1000 | ₹400 |
| ₹1001 - ₹10,000 | ₹750 |
| ₹10,001 - ₹25,000 | ₹950 |
| ₹25,001 - ₹50,000 | ₹1100 |
| ₹50,001 and above | ₹1300 |
Understanding the complete fee structure of the SBI Card Pulse helps you avoid unexpected charges. Whil...
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Understanding the complete fee structure of the SBI Card Pulse helps you avoid unexpected charges. Whil...
Understanding the complete fee structure of the SBI Card Pulse helps you avoid unexpected charges. While the card offers great value, carrying a balance or using it for specific transactions can be expensive.
Joining Fee: When you get the card, a one-time joining fee of Rs. 1,499 is charged. However, this fee is fully offset because you receive a Noise ColorFit Pulse 4 Pro Smartwatch worth Rs. 7,999 upon payment.
Annual or Renewal Fee: From the second year, an annual fee of Rs. 1,499 applies. You can get this fee waived entirely if you spend Rs. 2 lakh or more in the preceding membership year. For example, spending Rs. 16,667 per month keeps the card effectively free.
APR or Interest Rate: If you do not pay your full statement balance by the due date, an interest rate of 3.75% per month applies. For example, if you leave a balance of Rs. 10,000 unpaid, you will accrue exactly Rs. 375 in interest in just one month, plus applicable taxes.
Late Payment Charges: Late payment charges are structured in slabs: Rs. 400 for balances between Rs. 500 and Rs. 5,000; Rs. 950 for balances up to Rs. 25,000; and Rs. 1,300 for balances above Rs. 50,000. Missing a payment not only incurs this fee but also damages your credit score.
Foreign Transaction or Forex Markup Fee: This card offers a 0% Forex Markup on International Transactions. If you spend USD 100 on an international website or while traveling abroad, you pay exactly the converted rupee equivalent without any extra bank markup fee, saving you exactly 3.5% compared to standard cards.
ATM Cash Withdrawal Fee: Withdrawing cash using this card incurs a fee of 2.5% of the withdrawn amount, subject to a minimum of Rs. 500. If you withdraw Rs. 10,000, you pay a Rs. 500 fee upfront, and interest starts accumulating from day one.
Rent Payment Convenience Fee: Paying rent with this card incurs a 1% fee on the transaction amount. If you pay Rs. 20,000 as rent, you will be charged an extra Rs. 200 plus GST, making it an expensive way to pay rent since you also don't earn reward points on the transaction.
Railway Surcharge: Booking railway tickets incurs a surcharge of 1.80% for online transactions and 2.50% for other bookings. If you book a Rs. 2,000 ticket online, expect an extra Rs. 36 charge added to your bill.
Cash Payment Fee: If you choose to pay your credit card bill by depositing cash at a branch, a fee of Rs. 100 is levied per deposit. Always use online payment methods like NEFT or UPI to avoid this charge.
Cheque Payment Fee: No cheque payment fee is charged if you drop a cheque to pay your bill, though digital payments remain faster and more reliable.
Reward Redemption Fee: No fee is charged when redeeming reward points on this card. If you redeem points for a Rs. 1,000 voucher, you pay nothing extra to process the request.
| Fee Type | Amount / Rate |
|---|---|
| Joining Fee | Rs. 1,499 (Offset with Smartwatch) |
| Annual Fee | Rs. 1,499 (Waived on Rs. 2 Lakh spend) |
| Interest Rate (APR) | 3.75% per month |
| Forex Markup | 0% (Zero Markup) |
| Cash Withdrawal Fee | 2.5% of amount (Min. Rs. 500) |
| Rent Payment Fee | 1% of transaction amount |
| Railway Booking Surcharge | 1.80% online / 2.50% offline |
| Cash Payment Fee | Rs. 100 |
| Reward Redemption Fee | Nil |
View FAQ
Commonly Asked Questions
What are the joining fees for this card?
The joining fee is Rs. 1,499, which is offset by a welcome gift of a smartwatch worth Rs. 7,999.
What is the annual or renewal fee?
The annual renewal fee is Rs. 1,499.
Is there an annual fee waiver based on spending?
Yes, the annual fee is waived if you spend Rs. 2 lakh or more in the preceding year.
How can I get this card lifetime free?
The card is not available as lifetime free; you must spend Rs. 2 lakh annually to secure a fee waiver.
What is the interest rate if I don't pay my full balance?
An interest rate of 3.75% per month applies to unpaid balances and new purchases until the balance is cleared.
What is the forex markup for international transactions?
This card offers an exceptional 0% forex markup, making it the most cost-effective choice for international shopping and travel.
Can I withdraw cash using my credit card?
Yes, but you will be charged a 2.5% fee on the withdrawn amount, with a minimum fee of Rs. 500. Avoid doing this.
Are there fees for paying rent with this card?
Yes, a 1% fee is charged on the transaction amount when you use this card to pay rent.
Is there a fee for paying my bill in cash?
Yes, depositing cash at an SBI branch to pay your credit card bill attracts a Rs. 100 fee.
What are the charges for cheque payment of bills?
No fee is charged for paying your credit card bill via cheque.
Are there charges for railway ticket bookings?
Yes, an online booking surcharge of 1.80% applies to railway ticket purchases.
Is there a fee to redeem my reward points?
No, reward redemption on the SBI Card Pulse is completely free of charge.
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
Is a PAN card mandatory for the application?
Yes, a valid PAN card is mandatory for all credit card applications in India to check your credit history and verify your identity.
Can I use my Aadhaar card for both ID and Address proof?
Yes, your Aadhaar card serves as a valid document for both identity and current address verification during the KYC process.
Do I need to submit physical copies of my documents?
If you opt for Video KYC, you only need to show your original physical documents on camera. No physical copies are required.
What if my current address is different from my Aadhaar address?
You will need to provide an alternate valid address proof, such as a recent utility bill or rental agreement, reflecting your current residence.
How recent should my salary slips be?
Banks require salary slips from the most recent 2 to 3 months to verify your current income status.
I am a freelancer. What income proof can I show?
Freelancers must submit their latest Income Tax Returns (ITR) along with recent bank statements showing steady credit entries.
Who Should Get This Card?
The Fitness Enthusiast: If you buy supplements, pay gym fees, and frequent pharmacies, the 10X points on these categories make this card a no-brainer. Plus, the free fitness smartwatch fits right into your lifestyle.
The Weekend Socializer: If your weekends consist of dining out with friends and catching the latest movies, earning 10X points (a 2.5% return) on these activities will rack up rewards quickly.
Who Should NOT Get This Card: If you rarely spend on health or dining and most of your expenses are purely online shopping for clothes or electronics, you will only earn the base rate of 0.5%. You would be better off with a dedicated shopping cashback card.
Credit Limit and What to Expect
When you are approved for the SBI Card Pulse, the bank assigns a credit limit based on several factors, including your income, credit score, and existing debt obligations. If you have a strong CRIF score of 750+ and earn comfortably above the Rs. 2 lakh minimum, you can expect a respectable initial limit. Over time, as you use the card responsibly and pay your bills in full, SBI Card frequently offers limit enhancements.
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Commonly Asked Questions
What will be my initial credit limit?
Initial credit limits typically range from Rs. 40,000 to Rs. 1,50,000 based on your income documents and credit score at the time of application.
How can I increase my credit limit?
Pay your bills on time, keep your credit utilization below 30%, and the bank will offer an automatic limit increase after 6 to 12 months of consistent usage.
Does the bank check my credit score to assign the limit?
Yes, a detailed check of your credit report (CRIF/CIBIL) is the primary factor in deciding how much credit the bank will extend to you.
Will a low salary mean a very low credit limit?
Credit limits are calculated as a multiple of your monthly salary. Meeting the minimum Rs. 2 lakh annual income criteria results in a starting limit of approximately Rs. 40,000.
Can I request a limit increase immediately after getting the card?
Banks require a minimum of 6 months of active and responsible usage before processing requests for a manual credit limit increase.
Does spending heavily increase my chances of a limit hike?
Consistent usage combined with timely, full payments signals to the bank that you can handle more credit responsibly, leading to proactive limit increase offers.
How to Apply?
Applying for the SBI Card Pulse Credit Card is a quick, digital process. You can start by visiting the official SBI Card website or a trusted partner platform. Look for the SBI Card Pulse and click on the 'Apply Now' button. You will need to fill in basic details like your name, mobile number, PAN, and employment information to check your eligibility.
Once your preliminary details are approved, you will proceed to the Video KYC (VKYC) stage. Video KYC allows you to verify your identity from the comfort of your home. You will need a stable internet connection, good lighting, your original PAN card, and a blank piece of paper with a black pen for a live signature. The bank executive on the video call will verify your documents and capture your photo. If your Video KYC is successful, your application moves to final processing, and the card is usually dispatched within a week.
View FAQ
Commonly Asked Questions
Where can I apply for this credit card?
You can apply online through the official SBI Card website or via secure partner financial portals.
What is Video KYC and is it mandatory?
Video KYC is a digital verification process that replaces a physical branch visit. It is mandatory for all online applications to speed up the approval process.
What do I need for a successful Video KYC call?
Keep your original PAN card ready, ensure you have a stable internet connection, and sit in a well-lit room. You must also be physically present in India.
How long does the approval process take?
After a successful Video KYC and document verification, approval takes exactly 7 to 10 working days.
Can I track my application status?
Yes, use the Application Reference Number provided upon submission to track your status on the SBI Card website.
What happens if my Video KYC fails?
If Video KYC fails due to network issues or other reasons, a bank representative will visit your registered address to complete physical KYC within 3 working days.
Do I need to visit a branch to complete the application?
No, if your Video KYC is successful, the entire process is paperless and you do not need to visit a branch.
That’s the full story of this credit card
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Top Benefits
Top Benefits
Earn 10 Reward Points
on every ₹100 spent on chemist, pharmacy, sports, dining and movies
Get a Noise ColorFit Pulse 4 Pro Smartwatch
worth ₹7,999 as a welcome gift on payment of the joining fee
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