The KrisFlyer SBI Card from SBI Bank is one of these cards, made for people who are really into traveling and want to boost their rewards while getting to experience premium services. It allows you to convert your everyday spending into travel experiences, so it could be a game-changer for those who love traveling.
In this guide, we're going to talk about the features of the KrisFlyer SBI Card, including its welcome benefits, reward systems, milestone perks, extra perks, potential drawbacks, fees, and eligibility for getting the card.
Welcome Benefits
Upon activation, new cardholders immediately earn bonus KrisFlyer Miles. This significant perk adds instant value, putting you on a fast track to redeeming free flights or upgrades. New cardholders will receive 3,000 bonus KrisFlyer Miles upon making payment of annual fees and the first transaction within 60 days of card issuance. The bonus KrisFlyer miles will be automatically transferred to the KrisFlyer account on the statement date.
Reward System
The KrisFlyer SBI Card shines with a solid reward system tailored for frequent travelers.
Earn KrisFlyer Miles on Purchases
Cardholders will earn 5 KrisFlyer miles per Rs 200 spent on Singapore Airlines Group, 5 KrisFlyer miles per Rs 200 on international spends, and 2 KrisFlyer miles per Rs 200 on other eligible spends.
These KrisFlyer will not be awarded on purchases made on Property Rental, Fuel and Wallet Upload.
Redeeming Miles
The KrisFlyer miles that you have earned can not be exchanged against cash or credit, they can be redeemed while booking tickets at the Singapore airline app. The KrisFlyer miles accumulated on your SBI credit card account will be transferred to your SIA KrisFlyer membership account and can be redeemed while booking at SIA.
Milestone Benefits
The KrisFlyer SBI Card also offers compelling milestone benefits for those who consistently use their card throughout the year.
When cardholders meet specific spending thresholds in a year, they qualify for extra bonus miles. For instance:
On spending Rs. 3,00,000 in a year, users will earn an additional 3,000 KrisFlyer Miles.
On spending Rs. 2,50,000 on Singapore Airlines, users can get a tier upgrade to KrisFlyer Elite Silver membership.
Other Benefits
Beyond rewards and milestones, the KrisFlyer SBI Card provides an array of features that elevate the travel experience.
Complimentary Airport Lounge Access
For frequent flyers, relaxing in an airport lounge can transform travel. The KrisFlyer SBI Card offers 1 complimentary airport lounge visit every quarter at domestic and international airports separately, providing a comfortable space to unwind before your flight.
Fuel Surcharge
The KrisFlyer SBI Card provides a 1% fuel surcharge waiver across all petrol pumps in India on transactions up to Rs. 3,000, the maximum fuel surcharge waiver can be of Rs. 250 per statement cycle per credit card account
Cons
While the benefits are extensive, there are also some downsides to consider.
Annual Fee
The card comes with an annual fee, usually around Rs. 2,999. For frequent travelers, the rewards can outweigh this cost, but it might not be justifiable for occasional users.
Limited Acceptance
Though the KrisFlyer SBI Card is accepted widely, it may not be accepted by every merchant, particularly in remote areas. This could cause inconvenience for travelers who rely on the card.
Redeeming Miles
As mentioned earlier, KrisFlyer miles that you have earned can not be exchanged against cash or credit, they can be redeemed while booking tickets at the Singapore airline app.
Fees and Charges
While the KrisFlyer SBI Card offers numerous benefits, it is essential to be aware of its fees and charges. Typically, there is an annual fee of around Rs. 2,999 and Late payment fees and cash withdrawal fees may also apply. For instance, late payment can incur fees up to Rs. 1,300. Understanding these costs is important as they impact the overall value you receive from the card. Being informed helps cardholders manage their finances effectively and avoid unexpected charges.
Eligibility Criteria
Before jumping into the application process for the KrisFlyer SBI Card, understanding the eligibility criteria is crucial.
Age Requirement
Applicants must be at least 18 years old. Some banks also have an upper age limit, generally around 70 years.
Income Criteria
Most applicants must meet a minimum annual income requirement, often set at Rs. 6,00,000. This criterion ensures that applicants can manage credit card expenses.
Credit Score
A good credit score, typically 750 or above, is vital for approval. This reflects a history of responsible credit management.
Documentation
Before applying, be prepared to provide the necessary documents, such as proof of identity, address, and income. Having these ready can streamline the application process.
Final Thoughts
The KrisFlyer SBI Card is really good for you if you're into maximizing your spending. It has a lot of perks, like welcome bonuses, milestone rewards, and security features. But you should really think about the fees and potential drawbacks before you decide to get it.
The KrisFlyer SBI Card is a great option for those who want to explore the world while earning rewards along the way.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating, click here
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