KrisFlyer SBI Card Apex
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
High annual and renewal fees.
KrisFlyer miles can not be redeemed against the statement.
Welcome benefit: Users will get 10,000 KrisFlyer miles on making payment of annual fees and the first transaction within 60 days of card issuance.
Reward system: Users will earn 10 KrisFlyer miles per Rs 200 spent on Singapore airlines group, 8 KrisFlyer miles per Rs 200 on international spends, and 6 KrisFlyer miles per Rs 200 on other eligible spends. These miles can not be exchanged against cash or credit rather they can be redeemed while booking tickets at the Singapore airline app. Value of 1 Kris Flyer Mile as per experts is INR 1.314 or USD 0.015. Effective air ticket cashback rate is: 6.57%. General cashback rate is 5.2%
Milestone benefit: Users will get an additional 10,000 KrisFlyer miles on annual spending of Rs. 5 lakhs and a tier upgrade to KrisFlyer Elite Gold membership on spending of Rs. 7.5 lakhs on Singapore airlines.
Users will enjoy 2 complimentary domestic airport lounge visit every quarter.
Users will get a complimentary membership to the priority pass program worth $99.
Users will get 8 complimentary international airport lounge visits per year (max. 2 visit per quarter).
Users will get air accident coverage of Rs. 3.5 crore.
Rewards & Benifits
Welcome Benefits
Users will get 10,000 KrisFlyer miles on making payment of annual fees and the first transaction within 60 days of card issuance.
Rewards System
Users will earn 10 KrisFlyer miles per Rs 200 spent on Singapore airlines group, 8 KrisFlyer miles per Rs 200 on international spends, and 6 KrisFlyer miles per Rs 200 on other eligible spends. These miles can not be exchanged against cash or credit rather they can be redeemed while booking tickets at the Singapore airline app.
International Forex Markup
3.5%
Welcome Benefits and Reward System
Special Features
Good cashback points on travelling via Singapore airlines.
Eligibility Criteria
Age: Applicant must be a minimum of 21 and a maximum of 70 years old.
Income: Applicant must have a stable source of income.
Credit score: A good credit score is generally required.
Benefits
Complimentary airport lounge visits.
Welcome benefit.
Milestone benefit.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
Visit the SBI Card website: https://www.sbicard.com/en/eapply.page
Select the KrisFlyer SBI Card Apex from the list of credit cards.
Fill in the required personal and financial information.
Upload the necessary documents as instructed.
Submit the application form.
Alternatively, you can apply through the Singapore Airlines website:
Visit the Singapore Airlines website: https://www.singaporeair.com/en_UK/in/plan-travel/local-promotions/india-co-brand-cards/
Select the KrisFlyer SBI Card and follow the application process.
Contact Details
Dial 39 02 02 02 (prefix local STD code) or 1860 180 129
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome benefit: Users will get 10,000 KrisFlyer miles on making payment of annual fees and the first transaction within 60 days of card issuance.
Reward system: Users will earn 10 KrisFlyer miles per Rs 200 spent on Singapore airlines group, 8 KrisFlyer miles per Rs 200 on international spends, and 6 KrisFlyer miles per Rs 200 on other eligible spends. These miles can not be exchanged against cash or credit rather they can be redeemed while booking tickets at the Singapore airline app. Value of 1 Kris Flyer Mile as per experts is INR 1.314 or USD 0.015. Effective air ticket cashback rate is: 6.57%. General cashback rate is 5.2%
Milestone benefit: Users will get an additional 10,000 KrisFlyer miles on annual spending of Rs. 5 lakhs and a tier upgrade to KrisFlyer Elite Gold membership on spending of Rs. 7.5 lakhs on Singapore airlines.
Users will enjoy 2 complimentary domestic airport lounge visit every quarter.
Users will get a complimentary membership to the priority pass program worth $99.
Users will get 8 complimentary international airport lounge visits per year (max. 2 visit per quarter).
Users will get air accident coverage of Rs. 3.5 crore.
High annual and renewal fees.
KrisFlyer miles can not be redeemed against the statement.
The card is a great offering from SBI Cards. The card offers a number of travel benefits and has decent travel cashback rate.
KrisFlyer SBI Card Apex Review
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee: Rs. 9,999 plus taxes.
Annual membership fee: Rs. 9,999 plus taxes.
Interest rate: 3.50% monthly, 42% annually.
Cash advance fee: Transaction fee of 2.5% or ₹500 whichever is higher.
Foreign currency markup fee: 3.50%.
Reward redemption fee: ₹99 per redemption request.
Late payment charges: INR400 to INR1300.
Fuel surcharge: 1%
Fuel Surcharge
1% fuel surcharge waiver on transactions up to Rs. 3,000. The maximum surcharge waiver is Rs.250 per statement cycle, per credit card account.
Billing Cycle
20 to 50 days