20 reward points / ₹100 on Nature’s Basket, 10 points on dining, movies, entertainment & international spends and 2 points on all other retail spends except fuel.
* Based on est. net reward yield for nearly 400 credit cards in India, for each monthly spending level. Read about how we calculate the net reward yield here.
^The negative figure means at this level of monthly spends, the rewards earned in a year will be worth less than the annual fee.
The Nature’s Basket SBI Card ELITE gives 5% effective reward at Nature’s Basket, 2.50% on dining, entertainment & foreign spends and 0.50% on all other spending.
Overall, including milestone rewards, we estimate you can earn a net reward yield of 1-1.4% on monthly spending above ₹50,000 with this card.
The CASHBACK SBI Card is the best credit card for most SBI Card customers. We estimate it offers an average netreward yield of 1.9-2.3% on all your spending.
The SBI Unnati Credit Card is the best entry level card, if you spend less than ₹10,000. It offers a net reward yield of 0.3-1.1% with this card on all your spending.
Our list of the best credit cards in India, at every spending level and from every bank, is here. You can find a detailed discussion of our methodology here.
The Rewards
Card
Nature’s Basket SBI Card ELITE
Card Type
Reward
Reward Features
20 Reward Points / ₹100 spend on Nature’s Basket
10 Reward points/ ₹100 on:
– Dining
– Movies
– Entertainment
– Foreign Spends
2 Reward points/ ₹100 on all other spends
Milestone Rewards
15,000 Bonus points on annual spends of ₹2 – 3 Lacs
Other Rewards
– Free Movie Tickets worth ₹6,000 every year
– Taj Gift Vouchers worth ₹10,000 on annual spends of ₹6 Lacs
Our analysis of 100s of flights shows that miles from international airlines are worth much less in India that they are globally, between 16-54% less. Their value in India is between ₹0.50/mile for the Etihad to ₹0.80/mile for BA & SQ.