Get Up to ₹7,500 Off on Jewellery Purchases With SBI Credit Cards Festive Offers 2026

SBI Card has rolled out its festive offers for 2026, bringing attractive discounts and cashback deals across several popular brands in India. As part of its festive campaign, SBI Cardholders can enjoy exclusive benefits on jewellery purchases from brands such as CaratLane, Malabar Gold & Diamonds, Tanishq, and Palmonas.

These offers provide up to ₹7,500 in instant discounts or cashback, depending on the brand and transaction amount. The offers are available for a limited period, with different validity dates and minimum spending requirements.

Brand	Offer	Minimum Transaction	Offer Validity
CaratLane	Up to ₹4,000 Instant Discount	₹50,000	1 – 7 November 2026
Malabar Gold & Diamonds	Up to ₹4,000 Cashback	₹50,000	2 – 8 November 2026
Tanishq	Up to ₹7,500 Instant Discount	₹1,00,000	2 – 8 November 2026
Palmonas	Up to ₹3,000 Cashback	₹10,000	31 October – 6 November 2026

CaratLane: Up to ₹4,000 Instant Discount

SBI Cardholders can get up to ₹4,000 instant discount on jewellery purchases at CaratLane. The offer is available both online and offline, with discounts varying according to the transaction amount.

Transaction Amount	Instant Discount
₹50,000 – ₹99,999	₹2,000
₹1,00,000 – ₹1,49,999	₹3,000
₹1,50,000 and above	₹4,000

• Minimum transaction amount: ₹50,000.
• Maximum discount: ₹4,000 per transaction, per card, per channel.
• Offer validity: 1 November to 7 November 2026.
• Available at CaratLane stores, website, and mobile app.

Malabar Gold & Diamonds: Up to ₹4,000 Cashback

Malabar Gold & Diamonds is offering up to ₹4,000 cashback to SBI Cardholders on jewellery purchases. The cashback amount depends on the transaction value, as shown below.

Transaction Amount	Cashback
₹50,000 – ₹99,999	₹2,000
₹1,00,000 and above	₹4,000

• Minimum transaction amount: ₹50,000.
• Maximum cashback: ₹4,000 per card account.
• Offer validity: 2 November to 8 November 2026.
• Available at Malabar Gold & Diamonds stores, website, and mobile app.
• Cashback across stores, the website, and the mobile app will be collectively capped at ₹4,000 per card account.
• Cashback for eligible transactions will be credited on 8 February 2027.

Tanishq: Up to ₹7,500 Instant Discount

Tanishq is offering one of the highest benefits under the SBI Card Festive Offers 2026, with up to ₹7,500 instant discount on eligible jewellery purchases.

Transaction Amount	Instant Discount
₹1,00,000 – ₹2,49,999	₹4,000
₹2,50,000 and above	₹7,500

• Minimum transaction amount: ₹1,00,000.
• Maximum instant discount: ₹7,500 per card.
• Offer validity: 2 November to 8 November 2026.
• Valid only at Tanishq stores.
• One eligible transaction per card.

Palmonas: Up to ₹3,000 Cashback

SBI Cardholders can also get up to ₹3,000 cashback on jewellery purchases at Palmonas. Unlike the other offers, this one has a relatively low minimum transaction requirement of ₹10,000.

Transaction Amount	Cashback
₹10,000 – ₹19,999	₹375
₹20,000 – ₹29,999	₹750
₹30,000 – ₹49,999	₹1,100
₹50,000 – ₹74,999	₹2,000
₹75,000 and above	₹3,000

Important Terms and Conditions

Before using these offers, SBI Cardholders should keep the following conditions in mind:

• Offers are not valid on SBI/Tata Corporate Cards, Cashback SBI Card, SBI Paytm Co-brand Card and RuPay Credit Card transactions made through UPI.
• Flipkart SBI Card is eligible for offers only on POS transactions.
• Offer details and validity dates are subject to change without prior notice.
• Certain offers are also applicable on EMI transactions through select aggregators, including Pine Labs, Innoviti, Benow, Paytm (PPSL), Ezetap and Razorpay, wherever specified.
• EMI offers are valid only under the ‘Brand EMI’ option and only if the instant discount or cashback is mentioned on the charge slip.
• Customers availing EMI offers must retain their charge slips for 180 days after the program ends.
• Certain EMI offers are valid only on Pine Labs swipe machines.
• All cashback offers are applicable only on non-EMI transactions.
• As per SBI Card Rewards Terms & Conditions, reward points earned on transactions eligible for these offers will be forfeited. This applies to all transactions considered for offer computation during the offer period.

Brand-specific exclusions and additional terms and conditions also apply.

Bottom Line

The SBI Card Festive Offers 2026 bring some worthwhile savings opportunities for customers planning jewellery purchases this festive season.

Tanishq offers the highest instant discount of ₹7,500 on purchases of ₹2.5 lakh or above, while CaratLane and Malabar Gold & Diamonds offer up to ₹4,000 in discounts or cashback. Palmonas, meanwhile, has a lower minimum spending requirement of ₹10,000, making it accessible for smaller purchases.

If you are planning to purchase jewellery from any of these brands, using an eligible SBI Credit Card during the respective offer period can help you save considerably.