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Landmark Rewards SBI Credit Card

The Landmark Rewards SBI Credit Card is a co-branded card offered by SBI Card and Landmark stores. This card is built for users who make daily purchases at Landmark stores like Lifestyle, Home Centre, SPAR, Max, Baby Shop, and EasyBuy. The users who frequently shop with these brands earn rewards while shopping. The cardholder will receive a welcome benefit of 2,000 bonus reward points, equivalent to ₹500 toward the annual fee. The users can enjoy 10 reward points per ₹100 spent at online and retail landmark stores like Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy.

Landmark Rewards SBI Credit Card

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Landmark Rewards SBI Credit Card
  • Joining Fee₹499 + GST
  • Annual Fee₹499 + GST
  • Best Suited ForShopping
  • Reward TypeReward Points

Rewards Rate

10 Reward Points/₹100 Spent at Online & Retail Landmark Stores; 5 Reward Points/₹100 Spent on Dining and Movies; 1 Reward Point/₹100 Spent on Other Retail Purchases

Welcome Benefits

2,000 Bonus Reward Points Worth ₹500

Movie & Dining

N/A

Rewards Rate

10 Reward Points/₹100 Spent at Online & Retail Landmark Stores; 5 Reward Points/₹100 Spent on Dining and Movies; 1 Reward Point/₹100 Spent on Other Retail Purchases

Reward Redemption

4 Reward Points = ₹1. Redeem Points at Lifestyle, Home Centre, SPAR, Max, Baby Shop, and EasyBuy

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    N/A

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    3.5%

    Interest Rates

    3.75% Per Month (45% Annually)

    Fuel Surcharge Waiver

    1% Waiver on Fuel Transactions Between ₹500 and ₹3,000

    Cash Advance Charges

    2.5% or ₹500 (Whichever is Higher)

    • The Landmark Rewards SBI Credit Card is most suited for shopping at Landmark stores and brands.
    • This card comes with an annual and joining charge of ₹499 + GST.
    • Cardholders receive 2,000 bonus Reward Points worth ₹500 when paying the annual fee, as a renewal benefit.
    • Those with high spends can earn 8,000 bonus Reward Points on annual spends of ₹2 lakh or more.

    Pros

    • This card comes packed with attractive welcome, reward, and milestone benefits, all while maintaining an affordable fee structure.

    Cons

    • Reward points must generally be redeemed at Landmark Group stores or converted to a statement credit (1 RP = ₹0.25). This is a major drawback for those expecting flexible redemption options, such as Amazon vouchers.

  • Welcome Benefits

    Cardholders will receive 2,000 bonus reward points equivalent to ₹500 on payment of joining charges. The reward points will be credited to the cardholder’s account within 30 days of joining fee payment.

    Reward Point Earning

    Users will enjoy rewards and benefits such as:

    • 10 Reward Points per ₹100 spent at online and retail stores like Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy.
    • 5 Reward Points per ₹100 spent on dining, movies, and international spends.
    • 1 Reward Point per ₹100 spent on other retail purchases, which does not include fuel.
    • A redemption fee of ₹99 + GST will be charged if you redeem less than 1,000 Reward Points.

    4 Reward Points = ₹1

    Milestone Benefits

    Cardholders can earn 8,000 bonus Reward Points with an annual retail spend of ₹2 lakh. These 8,000 bonus points are valued at ₹2,000, offering an additional 1% reward.

    Fuel Surcharge Waiver

    • Users can enjoy freedom from the 1% fuel surcharge at all petrol pumps in India on transactions of ₹500 – ₹3,000, exclusive of GST and other charges.
    • Cardholders can also get a maximum surcharge waiver of Rs. 100 per statement cycle per credit card account

    Renewal Benefit

    • Cardholders can enjoy 2,000 Reward Points worth ₹500 on the realisation of the renewal fee payment.
    • The reward points will be credited to the cardholder’s account within 30 days of renewal fee payment.

    Landmark Rewards SBI Credit Card Features

    Bottom Line

    The Landmark Rewards SBI Credit Card is best suited for people who regularly shop at Landmark Group stores such as Lifestyle, Home Centre, SPAR, Max, Baby Shop, and EasyBuy. It offers good value through higher reward points on Landmark spends, a modest welcome and renewal benefit, and a milestone reward on annual spending.

    However, the card has limited flexibility as reward points can mainly be redeemed at Landmark stores or as statement credit at a lower value. There are no travel, lounge, or lifestyle privileges, making it a basic co-branded shopping card.

    If Landmark brands are your go-to for everyday shopping, this card makes sense. Otherwise, there are better all-around credit cards available.

    FAQs:

    The interest rate on the Landmark Reward SBI Credit Card is 3.75% per month, i.e, 45% per annum.

    The value of 1 RP is ₹0.25, i.e, 4 Reward Points = ₹1.

    The joining fee of the Landmark Rewards SBI Credit Card is ₹499 + GST.

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