SBI Card Launches NEW “Miles” Travel Credit Cards

SBI Card, one of India’s largest and most popular credit card issuers, has recently launched three new exclusive travel credit cards in India. These cards offer a range of benefits, including lounge access and a rewarding structure, making them ideal for frequent travelers. The three cards that are now available are SBI Card MILES, SBI Card MILES PRIME, and SBI Card MILES ELITE which can be availed at a joining fee of ₹1499, ₹2,999, and ₹4,999 respectively.

With these new travel credit cards, customers can enjoy a range of benefits and rewards. Whether you’re a frequent traveler or just starting out, these cards are worth considering. Have a look at a brief overview of all the new SBI Credit Cards.

SBI Card MILES

Joining/Annual Fees – ₹1499

Welcome Benefit – 1,500 Travel Credits

When you use your SBI Miles travel credit card, you can earn rewards that will help you save money on your expenses. Specifically, you will earn 2 Travel Credits for every ₹ 200 spent on travel-related expenses and 1 Travel Credit for every ₹ 200 spent on other purchases. In addition, you will receive a complimentary Priority Pass Membership, which gives you access to airport lounges around the world.

If you spend ₹ 1 Lakh, you will also get an additional domestic lounge visit. If you spend ₹ 5 Lakh annually, you will earn 5,000 Bonus Travel Credits. Furthermore, you can enjoy the benefit of a low foreign currency mark-up charge of 3.00% on your international expenses, and you will receive a 1% fuel surcharge waiver at all petrol pumps (with government service tax applied as applicable).

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SBI Card MILES PRIME

Joining/Annual Fees – ₹2,999

Welcome Benefit – 3,000 Travel Credits

With the SBI Miles PRIME travel credit card, you can earn rewards for your spending and enjoy other benefits. For every ₹200 that you spend on travel, you will earn 4 travel credits. For all other spends, you will earn 2 travel credits for every ₹200 spent. Additionally, you will receive a complimentary Priority Pass Membership and an extra domestic lounge visit with every spend of ₹1 Lakh.

If you spend ₹8 Lakh annually, you will receive a bonus of 10,000 travel credits. Moreover, you can cancel up to 6 flights per year, each limited to ₹3,500. Lastly, for every spend of ₹1 Lakh, you will earn an additional domestic lounge visit.

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SBI Card MILES ELITE

Joining/Annual Fees – ₹4,999

Welcome Benefit – 5,000 Travel Credits

SBI Card Miles Elite rewards you for every purchase you make. You’ll earn 6 Travel Credits for every ₹ 200 you spend on travel and 2 Travel Credits for every ₹ 200 spent on all other purchases. You shall also receive 8 complimentary Domestic Airport Lounge visits every year with this card, with a maximum of 2 visits per quarter. Additionally, you’ll receive an extra Domestic Lounge visit with every spend of ₹ 1 Lakh and earn 20,000 Bonus Travel Credits on annual spends of ₹12 Lakh.

Moreover, you’ll get a complimentary Priority Pass Membership, allowing you to access lounges at airports around the world. This card also offers the privilege of a low foreign currency mark-up charge of just 1.99% on international usage.

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Bottom Line

There has been a lot of talk about SBI Credit Cards lately, especially since the launch of the SBI Titan Card and other exciting offers. With the introduction of new SBI Miles Cards, there is expected to be a lot of competition in the travel credit card category. Although these cards are available at different joining fees, some people feel that the reward-earning features of these cards are quite stringent and limited. There are many good options available for redemption but the reward rate is not optimum. Additionally, the annual fee waiver is also set quite high. To waive the fees with the SBI Card Miles Credit Card, you would need to spend ₹6 lakh in a year, which is a high amount considering the card comes at a fee of ₹1,499.

Apart from that, these cards can be very useful for frequent travelers while booking flights and hotels as it offers a good redemption ratio. Travelers can easily enjoy free domestic and international lounge visits with these cards.