SBI Card MILES Review

General Information

Rewards and Benefits

Fees and Charges

Summary

SBI MILES Credit Cardholders will have the benefit of complimentary access to over 1000 airport lounges around the world through a Priority Pass Membership, which is valued at $99. For every ₹1 Lakh spent, an additional visit to domestic airport lounges will be earned. By making annual spends of ₹5 lakh, cardholders can earn 5,000 bonus travel credits. As a welcome gift, 1,500 Travel Credits will be credited to the cardholder's account.

I recently had the opportunity to review the SBI Card MILES credit card, and I must say, it is a great option for frequent travelers.

With a joining fee of Rs. 1,499 + GST and a renewal fee of Rs. 1,499 + GST, this card offers a host of benefits that make it worth considering.

One of the standout features of this card is its reward program.

It allows cardholders to earn reward points, which can be redeemed for a variety of travel-related expenses.

For every Rs. 200 spent on travel, you earn 2 Travel Credits, and for every Rs. 200 spent on other expenses, you earn 1 Travel Credit.

This makes it easy to rack up points and enjoy the benefits of your purchases.

To sweeten the deal, the SBI Card MILES offers a welcome benefit of 1,500 Travel Credits when you spend Rs. 30,000 within 60 days of card issuance.

This is a great incentive to start using the card right away and take advantage of the rewards program.

When it comes to travel perks, this card does not disappoint.

Cardholders are eligible for a complimentary Priority Pass Membership, which grants access to airport lounges.

Additionally, you will receive 4 complimentary domestic airport lounge access per year, allowing you to relax and unwind before your flight.

In terms of fees, there is a spend-based waiver available for the annual fee.

If you spend Rs. 6 lakhs or more in a year, the annual fee will be reversed, providing some relief to frequent card users.

However, there is a rewards redemption fee of Rs. 99, which should be taken into consideration.

It is worth noting that the SBI Card MILES does have a foreign currency markup of 3% on transactions made in foreign currencies.

While this may not be ideal for international travelers, it is still a reasonable markup compared to some other cards on the market.

The interest rate for this card is 3.5% per month (42% annually), so it is important to pay off your balance in full each month to avoid accruing interest charges.

For fuel transactions between Rs. 500 to Rs. 4000, you can enjoy a 1% fuel surcharge waiver, which can help save some money at the pump.

Overall, the SBI Card MILES is an excellent choice for those who love to travel.

With its generous rewards program, travel perks, and reasonable fees, it offers great value for money.

However, it is important to carefully review and understand the terms and conditions before making a decision.