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South Indian Bank SBI Platinum Credit Card

by Kshitiz V Sharma on

The Bottom Line

South Indian Bank SBI Platinum Credit Card
High Fee, Low Rewards

2 reward points / ₹200 on all spends with a cap of 7,500 point per month.

Monthly Spend ₹5K ₹10K ₹20K ₹50K ₹100K
Net Reward Yield (-4.5%)^ (-2.0%)^ 0.5% 0.5% 0.5%
Est. Monthly Reward (₹) (230) (205) 100 245 500
All-India Rewards Rank* 322 324 180 229 227
Within Bank Rank* 64 62 45 60 57
* 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 South Indian Bank SBI Platinum Credit Card gives 0.5% effective reward on all spending.

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 net reward 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
Other Rewards – 2 Complimentary Domestic Airport Lounge visits / Qtr

– Complimentary Priority Pass Membership

Rewards Redemption Fee ₹99
Reward Caps 7,500 points p.m. on all spends
Preferred Redemption Method Use points to pay off statement balance @ ₹0.25/point

Fees & Charges

Card South Indian Bank SBI Platinum Credit Card
Joining Fee ₹2,999 + Taxes
Annual Fee ₹2,999 + Taxes
Min. Annual Credit Card Spend
for Fee Waiver
₹2 Lacs
Income Criteria Salaried N/A
Self-employed N/A
Supplementary Card Fee Free
Interest Rate 42.00%
Foreign Currency Markup 3.50%
Cash Advance Charge 2.50% transaction amount minimum of ₹500
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