Best Credit Card

All Benefits

  • 10X reward points on online spends with partners like Amazon, BookMyShow, Cleartrip, Swiggy, Myntra, etc
  • 5X reward points on all other online spends
  • Monthly cap of 10,000 reward points on accelerated (10X & 5X) earnings; post cap earn rate reduces to 1 point per ₹100
  • Earn 1 reward point per ₹100 on other spends
  • ₹2,000 e-vouchers on annual online spend milestones of ₹1 lakh and ₹2 lakh

Fees

Joining Fee Amazon gift voucher of ₹500
₹589
₹499 + GST
Annual Fee The annual fee is waived if you spend ₹1 lakh or more in a year on your card, as per bank policy.
₹589
₹499 + GST

Eligibility

Age
21-60 years
Salary
₹25K / Month
Credit Score
750+

Bank Fee Structure

Forex Markup 3.5% forex markup is charged on transactions made in currencies other than INR. Applies to international POS payments and online purchases charged in foreign currency. Examples (3.5%): ₹100 → ₹3.5 ₹1,000 → ₹35 ₹10,000 → ₹350 ₹1,00,000 → ₹3,500
3.50%
Finance Charges (APR) Finance charges of 3.5% per month (42% per annum) apply on unpaid outstanding balances until the amount is fully repaid
3.50%
ATM Withdrawal 2.5% of the withdrawn amount is charged on cash advances using the credit card (minimum ₹500, if applicable).
2.50%
Reward Redemption A reward redemption handling fee of ₹99 plus applicable GST is charged per redemption request.
₹99
Railway Surcharge 1% of the transaction amount + GST will be charged on Railway Ticket Purchases
1%
Rent Payment 1% of the transaction amount is charged as a fee on rent payment transactions, subject to applicable GST and platform charges
1%
Cheque Payment A fee of ₹100 is charged for payments made through cheque
₹100
Cash Payment A service fee of ₹250 applicable taxes is charged for payments made at SBI branches. No fee is applicable for payments made at KVB branches
₹250

Late Payment Charges

Amount dueFee
₹0 - ₹500₹0
₹501 - ₹1,000₹400
₹1,001 - ₹10,000₹750
₹10,001 - ₹25,000₹950
₹25,001 - ₹50,000₹1,100
₹50,000+₹1,300

Late payment charges are applicable if the Minimum Amount Due (MAD) is not paid by the payment due date. An additional ₹100 will be charged if MAD is missed for two consecutive billing cycles

No Rewards On

Rent PaymentsFuelInsuranceEMI TransactionsCash WithdrawalsJewellerySchool & Educational ServicesGovernment-Related TransactionsWallet TransactionsFees & GST ChargesAll ReversalsGamblingTollsSecurity Broker ServicesCharityRailwaysUtility Bill PaymentsBalance TransferFinancial Charges

Excluded Spends

Rent PaymentsFuelInsuranceEMI TransactionsCash WithdrawalsJewellerySchool & Educational ServicesGovernment-Related TransactionsWallet TransactionsFeesGST ChargesAll ReversalsGamblingTollsSecurity Broker ServicesCharityRailwaysUtility Bill PaymentsBalance TransferFinancial Charges

Terms & Conditions

  • The bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application
  • A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won’t be eligible for the Rewards

Full charges and terms: Bank MITC / Terms