Apollo SBI Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Earn triple Reward Points when utilizing Apollo services. Earn double Reward Points when spending on movies, dining, and entertainment. Receive an instant 10% discount when using specific Apollo services. Receive a complimentary Apollo Gold Tier Membership. Enjoy a 1% waiver on fuel surcharges at all fuel stations.

The Apollo SBI Credit Card is an excellent choice for avid shoppers, offering a range of benefits and rewards.

With a joining fee of Rs. 499 + GST and a renewal fee of Rs. 499 + GST, this card provides great value for money.

The card is specifically designed for those who love to shop, as its reward type is Reward Points.

With every purchase, you earn Reward Points that can be redeemed for a variety of exciting rewards.

As a welcome benefit, you will receive 500 Reward Points upon card activation.

On top of that, you also enjoy complimentary Apollo Gold Tier Membership.

One of the standout features of this card is its accelerated rewards program when it comes to dining and movie-related spends.

You earn 2x Reward Points when you dine out or go to the movies.

Additionally, you earn 3x Reward Points on Apollo Services, making it even more rewarding for shopping.

For all other spends, you earn 1 Reward Point for every Rs. 100 spent, allowing you to accumulate points quickly.

This ensures that you can enjoy the benefits of your spending across various categories.

It's worth noting that this card does not offer any travel-related benefits such as lounge access or insurance coverage.

However, if you spend Rs. 1 Lakh or more in the previous year, you'll be pleased to know that the renewal fee is waived.

While there is a small rewards redemption fee of Rs. 99, this is a small price to pay for the convenience of redeeming your hard-earned points for exciting rewards.

However, it's important to be aware that there is a foreign currency markup of 3.5% on all international transactions.

In terms of interest rates, this card charges 3.5% per month or 42% annually, which is in line with industry standards.

For fuel purchases, there is a 1% surcharge at all fuel stations in India, with a monthly cap of Rs. 100.

Lastly, if you ever find yourself in need of cash, you can take advantage of the cash advance facility.

The cash advance fee is 2.5% of the amount or Rs. 500, whichever is higher.

In conclusion, the Apollo SBI Credit Card is a fantastic choice for shoppers looking to earn rewards on their purchases.

With its accelerated rewards program, welcome benefits, and waived renewal fee, it offers great value for money.