Eligible spend
1 Travel Credits per ₹200 on eligible spend
SBI MASTERCARD
MILES
Should you get this?
Conditional fit
Why this card
- Up to 2 Travel Credits / ₹200 on Travel
- You spend on travel.
- 1 per year domestic lounge.
Trade-off
The annual fee (₹1,499) is waived only when eligible annual spend exceeds ₹6,00,000.
Annual fee ₹1,499 per year
Rewards 1 Travel Credits / ₹200 base
Lounge milestone ₹1,00,000 spend / year → voucher option
Forex markup 3% high
Compare with Axis Bank IndiGo →
Similar tier comparison
Rewards
Earning rules
Detail · from the summary aboveScopeRateEligibilityLimit
General spend1 Travel Credits / ₹200Credited as reward pointsDoes not earn on Calendar-month cap: 5,000 Travel Credits shared across General spend & Travel
- fuel
Travel2 Travel Credits / ₹200Credited as reward pointsShared across General spend & Travel
One shared ceiling applies across 2 of these categories — they draw from the same cap pool.
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 ₹6L annual eligible spend required for the waiver
Above ₹6L 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
2 Travel Credits / ₹200
View bonus categories →Caps
- General spendCalendar-month cap: 5,000 Travel Credits shared across General spend & Travel
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₹6,00,000yearAnnual fee waiver
Domestic lounge spend gate₹1,00,000yearLounge eligibility
Watch outs
Before choosing this card- Fee waiver requires spend above ₹6,00,000 annually.
Estimated usage
Example usage at this monthly spend
₹
- At this monthly spend, you'd earn: Based on the standard earn rate (1 Travel Credits / ₹200). Up to ~250 Travel Credits/month if the entire spend qualifies. Excluded transactions and category rules earn less. Partner bonuses aren't included.
- Worth ~₹60 at the conservative redemption floor
- Just below the annual-fee waiver pace — eligible annual spend must exceed ₹6,00,000.
- Forex cost ~₹1,500 per ₹50k international spend
Illustrative only, using current base rates and snapshot data.
Benefits & charges
Side-by-side factsBenefits
Lounge Access
- Domestic (cardholder)
- 1 per year — via Condition: ₹1,00,000 spend in the previous year · MILEStones Priority Pass voucher: +1 domestic visit per ₹1L spend; annual cap 8 visits for base MILES (§14.28). Not Set A/B swipe entitlement (differs from Prime/Elite).
- International (cardholder)
- Not included on base card No international lounge access.
Rewards
- Base earn
- 1 Travel Credits per ₹200 value depends on redemption
- Effective return (honest floor)
- ~0.125% base at the catalogue redemption floor; up to ~0.5% through documented air-miles redemption · verified 8 Jul 2026 Conservative redemption floor; best documented path is not ranked on.
- Headline point value
- ₹1.00 per Travel Credit · verified 8 Jul 2026 Operator-verified headline rate — full channel grid in Redemption value.
- Point validity
- Points expire 2 years after earning · verified 8 Jul 2026
Insurance Cover
- Lost card liability cover
- ₹1 lakh · verified 8 Jul 2026
- Underwriter
- Insured by ICICI Lombard General Insurance Company Limited
Fees & charges
Fees
- Monthly interest rate
- 3.75% / month
- Annual fee
- ₹1,499
- Joining fee
- ₹1,499 · verified 8 Jul 2026
- Fee waiver spend
- Above ₹6,00,000 · verified 8 Jul 2026 Annual fee waived on eligible anniversary-year spend above ₹6,00,000.
- Interest-free period
- Up to 50 days · verified 8 Jul 2026
International Use
- Forex markup
- 3%
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 refreshCaps & limits
- Calendar-month cap: Calendar-month cap: 5,000 Travel Credits shared across General spend & Travel.
- After the shared cap is reached, further spending in that lane earns no rewards.
Exclusions: 7
These spends do not earn reward points.
Financial
- Fuel
- Wallet loads
Other
- Cash withdrawals
- Flexipay
- Encash
- Cashback
- On Rentals
Latest update
- Annual fee: ₹1,499.
- Forex markup currently listed at 3%.
- 1 per year domestic lounge · ₹1,00,000 spend in the previous year.
Common questions
From verified card factsIs this good for lounge access?
1 per year domestic lounge. Check current spend criteria, guest rules, visit caps, and airport acceptance before relying on it.
Is this good for international spends?
Forex markup is 3%, so frequent international spends may be costly.
Is the annual fee easy to recover?
Fee waiver applies above ₹6,00,000 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