Eligible spend
2 Travel Credits per ₹200 on eligible spend
SBI MASTERCARD
Miles Prime
Should you get this?
Conditional fit
Why this card
- Up to 4 Travel Credits / ₹200 on Travel
- You travel frequently and will use the lounge benefits.
- You spend on travel.
Trade-off
The annual fee (₹2,999) is waived only when eligible annual spend exceeds ₹10,00,000.
Annual fee ₹2,999 per year
Rewards 2 Travel Credits / ₹200 base
Lounge access 8 domestic + 4 international visits / year
Forex markup 2.5% high
Compare with Axis Bank Privilege →
Similar lounge profile
Rewards
Earning rules
Detail · from the summary aboveScopeRateEligibilityLimit
General spend2 Travel Credits / ₹200Credited as reward pointsDoes not earn on Not stated
- fuel
Travel4 Travel Credits / ₹200Credited as reward pointsNot stated
Redemption value
What a Travel Credit is worth
- Air miles₹1 / pt
- Cash redemption value₹0.50 per Travel Credit
- Travel₹0.5 / pt
- Catalogue₹0.25 / pt
How to avoid the annual fee
Spend threshold for waiver Above ₹10L annual eligible spend required for the waiver
Above ₹10L eligible annual spend waives the fee
Reward reality — the earning-rate detail behind the numbers above
Reward reality
Conclusion · what you actually getVerified value
₹1 per point
Air miles
Ranking floor
₹0.25 per point
(conservative floor)
₹1 per point (best documented)
Best verified lane
Travel
4 Travel Credits / ₹200
View bonus categories →No reward on
- Fuel
- Wallet loads
- Cash withdrawals
- Flexipay
- +3 more
Realisation
Credited as reward points
Costs & fees
Spending requirements
Spend gates · caps · milestone thresholdsRequirementAmountPeriodUnlocks
Annual fee waiver₹10,00,000yearAnnual fee waiver
Watch outs
Before choosing this card- Fee waiver requires spend above ₹10,00,000 annually.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Based on the standard earn rate (2 Travel Credits / ₹200). Up to ~500 Travel Credits/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
- Worth ~₹130 at the conservative redemption floor
- Fee waiver unlikely at this spend
- Forex cost ~₹1,250 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- 8 per year · verified 7 Jul 2026
- International (cardholder)
- 4 per year
Issuer documented · single source · verify on issuer site
Where to verify
- Operator-verified anchor
Rewards
- Base earn
- 2 Travel Credits per ₹200 value depends on redemption
- Effective return (honest floor)
- ~0.25% base at the catalogue redemption floor; up to ~1% through documented air-miles redemption · verified 7 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
- Headline point value
- ₹1.00 per Travel Credit · verified 7 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
- Point validity
- Points expire 2 years after earning · verified 7 Jul 2026
Insurance Cover
- Lost card liability cover
- ₹1 lakh · verified 7 Jul 2026
- Underwriter
- Insured by ICICI Lombard General Insurance Company Limited
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹2,999
- Joining fee
- ₹2,999 · verified 3 Sept 2026
- Fee waiver spend
- Above ₹10,00,000 · verified 3 Sept 2026 Annual fee waived on eligible anniversary-year spend above ₹10,00,000.
- Interest-free period
- Up to 50 days · verified 7 Jul 2026
International Use
- Forex markup
- 2.5%
Issuer documented · corroborating sources · verify issuer terms before applying
Where to verify
- Issuer site (verify current terms) , opens external site
- Operator-verified anchor
- Product tier
- Mid-tier
Travel & perks
Fuel Benefits
At the pump- 1% fuel surcharge waived on transactions ₹500–₹3,000.
- Maximum waiver ₹250 per month.
- Fuel transactions do not earn reward points.
Fine print & compare
Compare with similar cards
Similar tier · similar benefitsThe fine print
Caps · exclusions · earning · redemption · last refreshExclusions: 7
These spends do not earn reward points.
Financial
- Fuel
- Wallet loads
Other
- Cash withdrawals
- Flexipay
- Encash
- Cashback
- On Rentals
Latest update
- Annual fee: ₹2,999.
- Forex markup currently listed at 2.5%.
- 8 per year domestic lounge · 4 per year international.
Common questions
From verified card factsIs this good for lounge access?
8 domestic + 4 international lounge visits/year. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.
Is this good for international spends?
Forex markup is 2.5%, so frequent international spends may be costly.
Is the annual fee easy to recover?
Fee waiver applies above ₹10,00,000 annual spend. Verify eligible spend exclusions before counting on it.
When do welcome benefits arrive?
Legacy data contains a possible welcome-benefit signal, but the benefit item, qualification, and fulfilment are not verified. Check the issuer welcome email, MITC, and current offer page before relying on it.
Learn more
Guides matched to this card — not a random syllabus.
- How reward rate works
Pts / ₹100 without the marketing fog - Billing cycle
Statement date vs due date, clearly - How interest works
The real cost of paying the minimum