By Gunjan Bharara
Updated On July 27, 2022

SBI Cards, one of the major credit card issuers in the country, has garnered a partnership with Nature’s Basket, which is one of the premium grocery store brands in India and has launched the Nature’s Basket SBI Card. This is a very thoughtful and different kind of credit card that has been designed to cater for the gourmet taste of the premium customers and will address their unique lifestyle and grocery-related spends. This credit card will provide credit cardholders with accelerated reward points while they purchase products from Nature’s Basket stores and websites.

Not only this, but you will also get reward points while you spend on domestic and international spends along with spends related to dining and entertainment as well. With Nature’s Basket SBI Card, you will get amazing welcome benefits, complimentary access to domestic airport lounges, a fuel surcharge waiver, etc. Since this is an exclusive credit card, hence the joining and renewal fee of this credit card is placed at Rs. 1,499 which is a bit on the higher side but is affordable by the premium sections of society.

(4.5/5)

Best Suited For

Shopping |

Joining Fee

Rs. 1,499 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • 2x Reward Points while spending on Nature’s Basket.
  • 5 Reward Points while spending on movies, dining, entertainment, and international spends.
  • Gift vouchers from Nature’s Basket in the form of Welcome Benefits.
  • Gift vouchers from premium brands such as Aldo, Bath & Body Works, and Charles & Keith as milestone benefits.
  • Complimentary access to Domestic Visa Airport Lounges in India.
  • 1% fuel surcharge waiver at all fuel stations.

Rewards and Benefits

Welcome Benefits

Gift voucher worth Rs. 1,500 from Nature’s Basket and complimentary access to ‘Epicure’ Nature’s Basket Loyalty Program

Movie & Dining

5 Reward Points while spending on dining and movie-related spends.

Rewards Rate

2x Reward Points on Nature’s Basket, 5 Reward Points on dining, movies, entertainment, and international spends, 1 Reward Point on every Rs. 100 spent on all other spends.

Reward Redemption

The reward points earned with this credit card can be redeemed via Nature’s Basket Loyalty Program or via Shop and Smile Rewards Catalogue. 4 Reward Points = Re. 1

Travel

Complimentary access to the airport lounges

Golf

NA

Domestic Lounge Access

4 complimentary visits in a year to Domestic Airport Visa Lounges in India

International Lounge Access

NA

Insurance Benefits

NA

Zero Liability Protection

Zero Liability Protection is provided against lost/stolen credit cards upon reporting to the customer care of the bank.

Fees & Charges

Joining Fee

Rs. 1,499 (plus applicable taxes)

Renewal Fee

Rs. 1,499 (plus applicable taxes)

Spend based Waiver

Waiver of renewal fee on the spending of Rs. 2 Lakhs or more in the previous year.

Rewards Redemption Fee

Rs. 99 per redemption request

Rewards Redemption Fee

Rs. 99 per redemption request

Foreign Currency Markup

3.5% on all international transactions

Interest Rates

3.5% per month (or 42% annually)

Fuel Surcharge

1% at all fuel stations in India. The surcharge amount is capped at Rs. 100 per statement cycle.

Cash Advance Charge

2.5% of the amount or Rs. 500, higher of the two

Add-on Card Fee

Nil

Nature’s Basket SBI Card – Features and Benefits

To curate a unique kind of credit card, Nature’s Basket and SBI Cards have partnered with each other and launched the Nature’s Basket SBI Card which has been specially designed to meet the needs of the individuals of the premium section who are inclined towards consumption of gourmet food which is available on the Nature’s banket website and stores. With this credit card, the cardholders will get higher reward points while they spend on Natur’s Basket and regular reward points while spending on other transactions. The cardholders will get amazing vouchers in the form of welcome and milestone benefits.

In addition to all this, you will get some value-added services such as complimentary access to domestic lounges, fuel surcharge waiver, etc. The Nature’s Basket SBI Card comes with an affordable joining and renewal fees of Rs. 1,499 which can be waived on the basis of the amount that the cardholder spends using his credit card in an anniversary year. Now, let us discuss in detail the features and benefits that come along with this credit card –

Welcome Benefits

The cardholders will get the following benefits as a welcome benefit to this credit card –

– A gift voucher worth Rs. 1,500 from Nature’s Basket once the cardholder has paid the annual fee of the credit card.
– The cardholder will get complimentary access to ‘Epicure’ Nature’s Basket loyalty program.

Dining Benefits

  • You can earn reward points while you pay dining bills using your credit card. You will earn 5 Reward Points for every Rs. 100 spent on dining-related spends.

Movie Benefits

  • The cardholders will earn 5 Reward Points for every Rs. 100 spent on all expenses related to movies.

Travel Benefits

  • As a travel benefit, you can enjoy complimentary access to Domestic Airport Visa Lounges in India. You will get 4 complimentary visits in a year which is limited to 1 visit per quarter.

Fuel Transactions

  • With Nature’s Basket SBI Card, you will get a fuel surcharge waiver of 1% on all fuel transactions between Rs. 500 and Rs. 3,000 at all fuel stations across India.
  • The maximum fuel surcharge waiver that a cardholder will get is capped at Rs. 100 in a statement cycle.

Milestone Benefits

  • Once the cardholder has reached the annual spends of Rs. 3 Lakhs in an anniversary year, he will get a gift voucher worth Rs. 3,000 from any one of the premium brands like – Aldo, Inglot, Bath & Body Works, and Charles & Keith.

Spend Based Renewal Fee Waiver

  • The renewal fee of Rs. 1,499 of the Nature’s Basket SBI Card can be waived off if an amount of Rs. 2 Lakhs or more is spent using this credit card in an annual year.

Zero Credit Card Lost Liability

  • In the unfortunate circumstances where your Nature’s Basket SBI Card is lost or stolen, you will not be liable for fraudulent transactions taking place through your card if you inform about the loss or theft of the card on an immediate basis.

Nature’s Basket SBI Card – Reward Benefits

Following are the details of the reward points that a cardholder can earn using his Nature’s Basket SBI Card.

  • Get 5x Reward Points (i.e., 10 Reward Points) for every Rs. 100 spent at Nature’s Basket. 7 Reward Points will be credited by SBI Card to your credit card account and 3 Reward Points will be credited by Nature’s Basket directly to your Nature’s Basket Loyalty account.
  • You will get 5 Reward Points for every Rs. 100 spent on Dining, Movies, Entertainment, and International Spends.
  • You will get 1 Reward Point for every Rs. 100 spent on all other retail transactions except fuel.

Reward Redemption

The reward redemption process of the Nature’s Basket SBI Card is quite simple and easy. The reward points can be redeemed in the following ways –

  • The reward points can be redeemed against a wide variety of products and vouchers available at the SBI Bank’s Shop and Smile Rewards Catalogue.
  • Further, the reward points can be redeemed by the Nature’s Basket Loyalty Program. The reward points can be converted into Nature’s Basket Point on the request of the credit cardholder. You can either call the customer care number mentioned on the backside of the credit card or initate the conversion process through SBI mobile banking application or by logging in to SBI Website.
  • For the purpose of redemption, 4 Reward Points = Re. 1.

Nature’s Basket SBI Card: Fees and Charges

  • Nature’s Basket SBI Card is placed at a joining fee of Rs. 1,499.
  • The renewal fee of this credit card is Rs. 1,499.
  • The credit cardholders will have to pay a Foreign Currency Markup fee of 3.5% on all international transactions done using this credit card.
  • You will be charged an interest rate of 3.50% per month on this credit card. The annual interest percentage on this credit card is 42%. This will be charged when the cardholder is unable to pay the amount due on the credit card by the due date.
  • Higher of 2.5% of the transaction amount or Rs. 500 will be the cash advance charges on this credit card.
  • The cardholders will have to pay a reward redemption fee of Rs. 99 per redemption request.

Eligibility Criteria for Nature’s Basket SBI Card

  • Only Indian residents can apply for this card.
  • Both salaried and self-employed individuals, above the age of 18 years can apply for this credit card.
  • The add-on cardholder should at least be 18 years of age to get this card.
  • The cardholder should have a stable source of income.
  • The cardholder must have a good credit score to be eligible for this credit card.

How to apply for Nature’s Basket SBI Card

The Nature’s Basket SBI Card can be applied both through online and offline modes.

For online mode –

  • Visit the SBI Card’s official website.
  • Go to the ‘Credit Cards’ Tab
  • Choose ‘Nature’s Basket SBI Card’ and then click on apply now
  • You need to fill in all the required details and submit the documents required.

For offline mode –

You can visit the nearest SBI branch and fill in the credit card application form. Attach all the required documents. Submit it to the bank officials, who will then forward it to the credit card department for further processing.

Documents Required

Following are the documents that you will have to upload/submit while filling out the application form for the Nature’s Basket SBI Card:

  • Identity Proof – Aadhar Card, Voters’ Id, PAN Card, Passport, Driving License, etc.
  • Address Proof – Aadhar Card, Utility bills, Driving license, Passport, etc.
  • Income Proof – Latest salary slips, latest bank statements, or latest ITR.

Bottom Line

Nature’s Basket SBI Card is a unique kind of credit card that offers some great features to card members. This card offers generic reward points for dining, movies, and entertainment-related spends but provides higher reward points when spending on Nature’s Basket store and website. Not only reward points, but this credit card welcomes its members with some great gift vouchers and gives you complimentary access to ‘Epicure’ Nature’s Basket Loyalty Program. You will also get gift vouchers from some premium brands once you achieve the milestone spends with this credit card. You also get travel benefits as you get complimentary access to Domestic Airport Visa Lounges in India. Since this credit card is a co-branded credit card, this will be very beneficial for those who shop frequently from Nature’s Basket Website and Stores. It is not like other people cannot apply for this card but this card is highly rewarding if the amount is spent using this credit card on Nature’s Basket.

SBI Card offers various co-branded credit cards with different popular brands. Another co-branded card that you must check is the FabIndia SBI Card Select. This was the Nature’s Basket SBI Card review from our side. If you have any queries related to the Nature’s Basket SBI Card, please feel free to ask us in the comment section below!

FAQs:

You are charged an annual fee of Rs. 1,499 plus applicable taxes.

Yes, the Nature’s Basket SBI Card does provide a fuel surcharge waiver of 1% on all transactions between Rs. 500 and Rs. 3,000 at all fuel stations in India. (the waiver will be subjected to a maximum of Rs. 100 per statement cycle.)

You get a gift voucher worth Rs. 1,500 from Nature’s Basket once you have successfully paid the annual fee of the credit card. Secondly, you will get complimentary access to ‘Epicure’ Nature’s Basket Loyalty Program.

Yes, you will get milestone benefits once you cross the mark of spending Rs. 3 Lakhs using your credit card in an anniversary year. You will get a gift voucher with Rs. 3,000 from any one of the premium brands like Aldo, Inglot, Bath & Body Works, and Charles & Keith.

The monetary value of the reward points that you earn with the Nature’s Basket SBI Card is 1 RP = Rs. 0.25.

Yes, the joining fee of Rs. 1,499 of the Nature’s Basket SBI Card can be waived off if the cardholder spends an amount of Rs 2 Lakh or more using his credit card in an anniversary year.

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