* 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.
Overall, including milestone rewards, we estimate you can earn a net reward yield of 0.5% on monthly spending above ₹20,000 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
South Indian Bank SBI Platinum Credit Card
Card Type
Reward
Reward Features
2 Rewards / ₹200 on all spends
Milestone Rewards
₹3,000 Voucher from any of the following brands: Yatra, Hush Puppies, Aditya Birla Retail, Pantaloons and Shoppers Stop on annual spends of ₹4 – 5 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.