SBI Card has updated its existing reward points program. Moreover, it has revised terms of benefits for various cardholders. The changes will be effective from March and April respectively. Reward points on certain digital and travel purchases will be cut.
To maximise their financial benefits, cardholders must be aware of the new changes. Based on news reports, the changes will apply to Air India SBI Platinum Credit Card customers. They will also apply to SBI Signature Credit Card users and SimplyCLICK SBI Card customers.
Effective from FY 2025-26, reward points for SimplyCLICK SBI Card users will be reduced. Specifically, digital transactions made on Swiggy will witness a cut from from 10X to 5X. However, card users will continue to earn 10X reward points for making transactions on other channels. This includes Apollo 24X7, Cleartrip, Dominos, BookMyShow, IGP, Yatra, Myntra, and Netmeds.
SBI Card will update its reward benefits program for booking Air India tickets from March 31, 2025. Transactions made on Air India’s app/website will reduce to 5 reward points per ₹100. This change will be applicable for Air India SBI Platinum Credit Card primary cardholders.
Moreover, Air India SBI Signature Credit Card cardholders will also witness reward points cut. They will now earn 10 reward points per ₹100 spent.
SBI Card intends to discontinue complimentary insurance coverage from July 26, 2025. This includes both complimentary air and rail accident insurance coverage worth ₹50 lakh and ₹10 lakh respectively.
Cardholders must review these new terms and adjust their spending habits. This will maximise other benefits for them.
On Wednesday, SBI Card share price opened at ₹849.00 and reached a high of ₹853.15. It closed at ₹844.20, up 0.58% from the previous close.
SBI Card’s updates to insurance benefits and reward points will affect many cardholders across India. These changes will be effective from March, April, and July 2025. This requires all cardholders to reassess their insurance needs and monthly spending habits. Staying informed is crucial for navigating these adjustments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. (write in all articles related to stocks).
Published on: Mar 19, 2025, 4:55 PM IST
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