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Navigating SBI Reward Point Redemption: A Comprehensive Guide

Jinal Shah

July 11, 2024
5 min read

Navigating SBI Reward Point Redemption: A Comprehensive Guide

SBI Card offers credit cards in multiple categories which focuses on travel, shopping, entertainment, groceries, fuel, etc. There are many cards offered by SBI like SBI Elite Credit Card, SBI Simply Click Credit Card, SBI Simply Save Credit Card, SBI Cashback Credit Card, BPCL Credit Card and many more. A cardholder can earn reward points on the transaction made through their credit cards for shopping, dining, fuel, travel, etc which can either be redeemed or converted into cash. Let us have a look how a cardholder can redeem the reward points through this article.

Top 5 SBI Credit Cards that earn Reward Points

Mentioned are the top 5 SBI Credit Cards that earn reward points:

SBI Credit Card	Annual Fee	Rewards
SBI Card Elite	INR 4,999	Movie tickets worth INR 6,000 every year. Win up to 50,000 bonus reward points worth INR 12,500/ year. Welcome e-gift voucher worth INR 5,000. 5 times more reward points for spending on dining, departmental stores and grocery. Win 2 reward points per transaction of INR 100. This does not include buying fuel. 2 domestic airport lounge visits every 3 months. 6 international airport lounge visits every year. Lowest forex markup of 1.99%.
SBI Card Prime	INR 2,999	2 reward points per INR 100 spent on retail purchases. 10 reward points per INR 100 spent on groceries, dining, departmental stores and movies. Welcome e-gift voucher worth INR 3,000. 20 reward points per INR 100 spent on your birthday. Waiver of renewal fee if you spend INR 3 lakh in the previous year.
Doctor’s SBI Card (in association with IMA)	INR 1,499	It is the only credit card connected with the Indian Medical Association (IMA). Professional indemnity insurance cover of INR 20 lakhs. Welcome e-gift voucher worth INR 1,500. 5 times more reward points when you spend on medical supplies and travel bookings. 5 times more reward points on transactions on Doctor’s Day (1st July). 1% fuel surcharge waiver if the purchase is between INR 500 and INR 4,000.
SBI Pulse Credit Card	INR 1,499	Smartwatch worth INR 5,999. 10 reward points per INR 100 spent on chemist, pharmacy, dining and movies. 2 reward points per INR 100 spent on all other transactions. Air accident cover of INR 50 lakhs Waiver of renewal fee on annual spending of INR 2 lakhs.
Air India SBI Signature Card	INR 4,999	Welcome gift of 20,000 reward points. 4 RPs for each INR 100 spent. 30 reward points on each INR 100 spent on Air India flights booked via Air India’s website or app.
BPCL SBI Card OCTANE	INR 1,499	25 reward points for each INR 100 spent at BPCL Fuel, Lubricants & Bharat Gas. The payment must be via BPCL’s website or app. 10 RPs for each INR 100 spent on departmental Stores, dining, grocery and movies. Waiver of 1% fuel surcharge at all BPCL petrol pumps if the transaction is over INR 4,000.

SBI Credit Cards Reward Catalogue

It offers variety of products and merchandise to redeem the reward points. Mentioned is the categories of rewards points that can be redeemed against SBI card:

Books

All the genres and varieties are listed in this category to select from

Apparels and Superstore

It provides E-vouchers of different brands and retail outlets

Entertainment and Dining

Passes and tickets for leisure and relaxation
Host of vouchers

Health and Fitness

Get a Fitbit watch alongwith the membership offers for many affiliated fitness centres

Kids Zone

Toys
List of games
Get educational and fun products for all age group children
Gadgets

Household

All items of household utility

Lifestyle products

Varied luxury items that are lifestyle possessions for the customers

Membership packages

Get prime services that contains a list of places to choose from which cardholders would definitely like to experience

Travel and Holiday

Offers a huge range of travel related products and items which includes luggage bags and wallets

Accessories

Perfumes
Sunglasses
Wallets
Laptop bags
Pens

In normal course of action, reward points can be redeemed against gift cards and vouchers from the credit card companies. But, some companies also allow the customers to convert the reward points into cash. On similar lines, SBI also allows its SBI Credit Card Reward Points Convert to Cash, which can further be used to repay the outstanding balance of their card.

SBI Cards also provide the option to redeem the reward points to cash
In order to redeem reward points for cash, one is required to send an email to the SBI’s customer care
Also,you can call them at their helpline number and speak to the customer care representative.

Different Ways to Redeem Reward Points

Mentioned are the different ways to redeem the reward points offered by SBI:

Internet Banking

Mentioned are the steps that are to be followed to redeem the reward points using SBI Internet banking:

Step 1: Open the web portal of SBI Card.

Step 2: Using your User ID , credit card details, and mobile number, make a login.

Step 3: Go to the tab “Rewards” and further click on the option “Redeem Rewards”.

Step 4: Select the products or items that are to be bought from the Reward Catalogue.

Step 5: To complete the transaction, click “Redeem Now”.

Mobile Banking

Mentioned are the steps that are to be followed to redeem the reward points using SBI Mobile banking:

Step 1: From the Google Play Store or Apple IOS Store to download the SBI’s mobile app.

Step 2: Using your credentials, initiate a login.

Step 3: Tap on the option “Rewards” provided at the left hand side.

Step 4: Select the items that are to be bought by choosing from the “Reward Catalogue”.

Step 5: To confirm the above said transaction, click on the tab “Confirm”.

Offline

Also, you can call the customer care center to get your reward points redeemed offline. The bank executive will further assist you through the process. It can be paid either in points or the option “Points plus Pay” can be chosen.

Also one can get the accumulated reward points converted into Air Miles and redeem the same for a flight ticket booking. This Air mile conversion program is available on the below mentioned SBI Cards:

Air India SBI Platinum Card

Air India SBI Signature Card

The rate of Air Mile conversion is 1 Reward Point = 1 Air India Mile.