Redemption of SBI Credit Card Reward Points/Miles: Know Their Value In Rupees

SBI Card, the card-issuing company launched under SBI, offers a wide range of credit cards in different categories. Reward Credit Cards earn you Reward Points, Cashback Cards earn you cashback, co-branded travel credit cards earn your Airmiles, and so on. With different types of rewards offered by different SBI Credit Cards, it sometimes becomes challenging for cardholders to understand the right method to redeem their earned Reward Points/Cashback/Airmiles. The monetary value of reward points earned using different credit cards may also vary, and it is really important to be aware of the value of each Reward Point you earn.

Not only this, but you should also know all the available options to redeem your points. For example, some cards allow you to redeem your earned points even against your card’s outstanding balance, but others don’t. Similarly, some co-branded cards offer brand-specific points that can only be used to make purchases from that particular brand. All this can be really confusing for some credit cardholders and to help them out, we are here with this article that will help you understand how and where to redeem your SBI Credit Card Reward Points:

General SBI Credit Cards

SBI Card issues many Credit Card ranging from basic to super-premium categories. The SBI Elite, SBI Prime, SBI Pulse, SBI SimplySave, SBI SimplyClick, SBI Unnati Credit Card, etc are some of the most popular Rewards Credit Cards issued by SBI Card and the redemption process of all these cards’ Reward Points is also the same. Following are the different options to redeem your reward points earned with the general SBI rewards credit cards:

• You can redeem your earned points against gifts/vouchers by logging in to your net banking account on sbicard.com or the SBI Card mobile app.
• The reward points earned using these cards can also be redeemed against various products and vouchers from the SBI Card Rewards Page.
• You can also redeem your earned Reward Points against your card’s outstanding balance by calling the SBI Card customer care or by dropping them a mail here. The SBI Credit Cards Reward Points’ value in rupees is Re. 0.25 for redemption against cash credit, i.e, 1 Reward Point = Re. 0.25 (4 Reward Points = Re. 1).

Co-Branded Travel Credit Cards

Apart from general Rewards Credit Cards, SBI Card offers a lot of co-branded credit cards, with all of them having different methods of reward redemption. Following are the co-branded travel credit cards issued by SBI Card and all about their reward redemption process:

Club Vistara SBI Credit Cards

SBI Card, in partnership with Club Vistara, issues two travel credit cards: Club Vistara SBI Card and Club Vistara SBI Card Prime. These cards reward you in the form of Club Vistara Points, i.e, you earn CV Points on all your spends with these cards. These CV Points are automatically credited to your Club Vistara account and these can only be redeemed against travel-related bookings on Air Vistara or partner airlines, including Singapore Airlines, Kris Flyers, Japan Airlines, etc. The monetary value of 1 CV Point is equal to Re. 0.20, i.e, 5 CV Points  = Re. 1. Following are the steps to redeem your CV Points:

– Visit the official website of Club Vistara and log in to your account.
– Go to the ‘My Account’ section and click on the option  ‘Redeem Now.’
– For redemption against flight, click on ‘Redeem Flights.’
– Select the flight, destination, etc, and click on ‘Next.’
– Review your entered details and click on ‘Next’ again.
– Enter the details of passengers and click on ‘next.’ Please note that you can redeem your CV Points for booking flight tickets for up to 8 nominees.
– Select payments methods (CV Points or Points + Pay) and make the payment.
– For any changes in your booking or cancellation request, you can call on +91 9289228888.

Etihad Guest SBI Credit Cards

In partnership with Etihad Airways, SBI Card offers two credit cards, which are Etihad Guest SBI Card and Etihad Guest SBI Premier Card. These cards earn you Etihad Guest Miles on all your spends, and these miles can not only be redeemed against flight bookings but a lot of other options from etihadguest.com . Following are the different options to redeem your earned Etihad miles and steps for redemption:

• You can redeem your earned Etihad Guest miles against flight booking on Etihad Airways and various other partner Airlines, including Air Canada, American Airlines, Air Europa & many more. This can be done by visiting etihadguest.com and logging in to your account. To redeem your Etihad Guest miles against flight bookings, you can check this page.
• You can also redeem your earned Etihad Guest miles against hotel/holiday bookings. Visit the Etihad Guest official website, log in to your account, and click on the ‘Spend Miles’ option.
• You can also redeem the Etihad Guest miles to shop various products and gifts from the Etihad Guest’s Rewards shop. Just visit this page, select your miles range and redeem them against the products of your choice.
• You can even convert your earned miles into cash and then use it anywhere you want. For redemption against cash, download the ‘Reward Card’ app from Playstore or Apple store. Log in using your Etihad Guest username & password. Turn as many miles as you want into cash and use this amount anywhere. You can even order your physical Reward Card from the app.

Air India SBI Credit Cards

SBI Card also offers two credit cards in partnership with Air India, which are Air India SBI Signature Card and Air India SBI Platinum Card. With these cards, you earn Reward Points that can be converted into Air India Air Miles on request. So, you can either redeem the reward points directly or convert them into Airmiles and then redeem the miles against travel-related bookings. Following are the steps to redeem your Air India SBi Cards’ Reward Points:

• If You Redeem The Reward Points Directly:

If you want to redeem your earned reward points directly without converting them into Airmiles, you can redeem them against various products or gifts by logging in to your internet banking account or through the SBI Card mobile app. You can also redeem these points against your card’s outstanding balance, where 1 RP = Re. 0.25.

• If You Want To Convert Your Reward Points Into Miles:

You can also convert your earned Reward Points into Air India Air miles by calling SBI Card customer care on 1860 180 1290 or 39020202. For redemption against Air Miles, 1 Reward Point = 1 Air India Air Mile. These Air Miles can be used to book Air India flights as follows:

– By logging in to airindia.in and booking the flights using your Air miles.
– By visiting Air India booking offices.
– By calling on the Air India customer helpline number, 1860-233-1407, from your registered mobile number.

IRCTC SBI Credit Cards

SBI Card offers two credit cards in partnership with IRCTC, the IRCTC SBI Card Premier and IRCTC SBI Card. This card earned you Reward points, which are automatically credited to your IRCTC account and can be used to book trains/buses/flights from the IRCTC official website or mobile app. For the IRCTC SBI Cards, 1 Reward Point = Re. 1.

Co-Branded Shopping Credit Cards

Keeping shopping lovers in mind, SBI Card offers various credit cards in partnership with different popular shopping brands. Following are the co-branded shopping cards issued by SBI Card and their reward redemption process:

FabIndia SBI Credit Cards

SBI Card issued two credit cards in partnership with FabIndia: FabIndia SBI Card and FabIndia SBI Card Select. The Reward Points you earn using these two cards can either be redeemed directly via the SBI Card’s official website or mobile app against an array of options, including products, gift vouchers, cash credit, etc, or you can convert these points into Fab family rewards and redeem them only at the Fabindia stores. With the FabIndia SBI cards, 1 Reward Point = 1 Fab family Reward = Re. 1.

SBI Credit Cards Offering Landmark Rewards

For those who don’t know, the Landmark Reward program is a program that earns you reward points when you shop at selected stores (landmark group of stores), including Lifestyle, Home centre, Max India, Spar, etc. SBI Card issues several credit cards in partnership with the Landmark group of stores, including, Lifestyle Home Centre SBI Credit Cards, Max SBI Credit Cards, Spar SBI Credit Cards, etc. With these cards, you earn Rewards that you can be converted into Landmark Rewards by contacting SBI Credit Card customer care and then use these Landmark Rewards for shopping at any of the Landmark stores. For all these credit cards, 1 Landmark Reward = Re. 0.60.

Other Co-Branded Credit Cards

Other than the travel and shopping categories, SBI Card offers several co-branded credit cards, all of them having different Reward programs and processes of redemption. The following table will make you understand everything about the reward redemption of all other SBI Credit Cards:

How To Redeem Reward Points Via Internet Baking/SBI Card Mobile App?

Following are the steps you need to follow to redeem your SBI Credit Card Reward points via internet banking or the mobile app:

– Login to sbicard.com or SBI Card mobile app.
– From the menu on left, click on ‘Rewards.’
-Click on ‘Redeem’ and check the Rewards catalogue.
– Add items to your cart and click on ‘Confirm’.

Please note that you can redeem your Reward Points against cash only by contacting the SBI Card customer care or by writing a mail to your card issuer via the SBI Card’s official website.

Key Things You Must Know

• The Reward Points you earn with your SBI Credit Cards are only valid for 2 years from the accrual date.
• A redemption fee of Rs. 99 + GST is charged when you redeem your Reward Points against gift vouchers/products and statement cash.

Bottom Line

SBI Card is among the most popular credit card issuers in India as it offers various credit cards with different types of Rewards & benefits. With different types of Rewards programs, it might be confusing for cardholders to understand the best way to redeem their earned Reward Points for maximum benefit. With this article, we hope that you have understood how you can redeem your SBI Card Reward Points, what are the different options for redemption, and what is SBI Credit Cards Reward Points’ value in Rupees. If you have a general credit card, make sure to redeem your Reward Points within 24 months from the accrual date as the points will expire thereafter. Moreover, if you still have any sort of doubts regarding your SBI Credit card Reward redemption, you can let us know in the comment section below!