The KrisFlyer SBI Credit Card is designed for frequent travelers, particularly those who prefer Singapore Airlines and its partners. This co-branded card offers a variety of travel and lifestyle perks, from earning KrisFlyer miles on everyday spending to enjoying complimentary airport lounge access. Let’s explore the benefits and features of this card to see if it aligns with your travel goals.
Table of Contents
Overview of KrisFlyer SBI Credit Card Fees
Understanding the fees associated with the KrisFlyer SBI Credit Card is essential before applying. While the card offers significant benefits, it does come with a few costs.
Annual Fee
The annual fee for the KrisFlyer SBI Credit Card is Rs. 2,999, plus applicable taxes. This fee is payable upon issuance of the card and every year thereafter.
Renewal Fee
From the second year onward, a renewal fee of Rs. 2,999 (plus taxes) will be charged annually.
Add-on Fee
Surprisingly, there is no additional fee for add-on cards, making it a great option for family members above the age of 18.
Information in Table format:
| Feature | Details | Real-Life Example |
|---|---|---|
| Annual Fee | Rs. 2,999 + applicable taxes. Payable upon card issuance and every year thereafter. | Imagine you pay Rs. 2,999 for the annual fee and use the card for international travel bookings. The benefits you receive far outweigh the fee, especially with the miles you earn. |
| Renewal Fee | Rs. 2,999 + taxes annually from the second year onward. | After one year of using the card for international shopping, you renew it, and the benefits like miles accumulation and lounge access continue to save you money on trips. |
| Add-on Fee | No extra fee for add-on cards. | You add a supplementary card for your spouse at no additional cost, helping you both earn miles faster on joint family expenses. |
| Welcome Gift | 3,000 KrisFlyer miles on payment of annual fee and first transaction within 60 days. | After paying the annual fee and making your first purchase (e.g., grocery shopping), you receive 3,000 KrisFlyer miles, which you later use for a discount on a flight upgrade. |
| Earn 5 Miles on Singapore Airlines | Earn 5 KrisFlyer miles for every Rs. 200 spent on Singapore Airlines Group. | You book a flight to Singapore for Rs. 30,000. You earn 750 KrisFlyer miles for this purchase, which can be used toward future flight bookings or upgrades. |
| Earn on International Spends | Earn 5 KrisFlyer miles for every Rs. 200 spent internationally. | While shopping for electronics abroad, you spend Rs. 50,000 and earn 1,250 miles, which you can use later for an international trip or flight upgrade. |
| Earn on Domestic Spends | Earn 2 KrisFlyer miles for every Rs. 200 spent on other eligible domestic spends. | You spend Rs. 10,000 on daily expenses like groceries and dining, earning 100 KrisFlyer miles over time for future rewards. |
| Milestone Benefits | Earn 3,000 bonus KrisFlyer miles when annual spending crosses Rs. 3 lakh. | After reaching an annual spend of Rs. 3 lakh on travel and shopping, you receive an extra 3,000 miles, enough to cover a partial flight booking. |
| Domestic Lounge Access | One complimentary visit to domestic airport lounges per quarter. | Before a domestic flight from Mumbai, you relax in the lounge, enjoying free snacks and beverages as a cardholder. |
| International Lounge Access | 4 complimentary international lounge visits per year with Priority Pass (1 per quarter). | During a layover at London Heathrow Airport, you enjoy the comfort of a premium lounge with free access, saving you the usual Rs. 2,000 lounge fee. |
| Fuel Surcharge Waiver | 1% waiver on fuel surcharge for transactions up to Rs. 3,000. | You refuel your car at a local petrol station and spend Rs. 2,500, avoiding the fuel surcharge and saving some money on regular drives. |
| Air Accident Cover | Rs. 1 crore cover for air accidents. | In case of an unfortunate accident while traveling by air, your family is financially secured with the Rs. 1 crore insurance coverage. |
| Contactless Payment | Make fast, secure, and contactless transactions. | At a busy restaurant, you quickly tap your card on a contactless terminal to pay the bill without waiting for it to be swiped or inserted, reducing wait time and enhancing security. |
| Global Acceptance | Accepted at over 24 million outlets worldwide, including 3,25,000 in India. | You visit Paris for a holiday and use your KrisFlyer SBI Credit Card at various international stores without worrying about payment acceptance. |
| Add-on Cards for Family | Add-on cards available for family members above the age of 18 at no additional cost. | You issue an add-on card to your college-going child, making it easier to track family expenses while earning additional KrisFlyer miles for every transaction. |
| Cash Access Across the World | Access cash from over 1 million ATMs globally. | During your trip to London, you withdraw cash from a nearby ATM using your KrisFlyer card, providing financial flexibility without needing to carry a lot of currency in hand. |
| Easy Bill Pay Facility | Pay electricity, telephone, and other utility bills online using the Easy Bill Pay feature. | You automate payments for your mobile and electricity bills via the KrisFlyer card, ensuring you never miss a due date and earning KrisFlyer miles on every bill payment. |
| Flexipay | Convert purchases over Rs. 2,500 into easy monthly installments. | You purchase a new TV worth Rs. 40,000, and with Flexipay, convert the amount into 12 affordable monthly installments, easing the burden on your finances. |
| Balance Transfer on EMI | Transfer balances from other credit cards and pay off at lower interest rates. | To manage high-interest debt on another credit card, you transfer the balance to your KrisFlyer SBI Credit Card and pay it off at a lower interest rate over several months, reducing your financial strain. |
| Fees and Charges | Annual fee and renewal fee of Rs. 2,999 + taxes. No fees for add-on cards. | Even with the annual fee, the benefits from free lounge access, KrisFlyer miles, and insurance coverage far outweigh the cost, especially for frequent travelers. |
| Order of Payment Settlement | Payments are applied in this order: taxes, fees, interest, and then the principal. | By understanding how your payments are settled, you can manage your credit card repayments better, ensuring timely payments and avoiding unnecessary interest charges on your outstanding balance. |
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Welcome Gift: 3,000 KrisFlyer Miles
As soon as you pay the annual fee and make your first transaction within 60 days of card issuance, you’ll receive 3,000 KrisFlyer miles as a welcome gift. These miles can be used toward future flight bookings or upgrades, offering a great start to your travel experience with Singapore Airlines.
Earning KrisFlyer Miles: Spending Categories
The KrisFlyer SBI Credit Card makes it easy to accumulate miles with a simple spending structure. Here’s how you can maximize your rewards:
Earn 5 Miles on Singapore Airlines Group
When you use your KrisFlyer SBI Credit Card to purchase tickets from the Singapore Airlines Group (which includes SilkAir and Scoot), you earn 5 KrisFlyer miles for every Rs. 200 spent. This is an excellent way for frequent flyers to accumulate miles quickly.
Earn on International Spends
For international purchases outside of India, you also earn 5 KrisFlyer miles per Rs. 200 spent. Whether you’re shopping abroad or booking international hotels and flights, your miles can add up fast.
Earn on Other Eligible Spends
For all other eligible domestic spends, you earn 2 KrisFlyer miles per Rs. 200. Whether it’s grocery shopping or dining out, you’ll continue earning miles on everyday purchases.
Exclusive Milestone Benefits
In addition to earning miles through regular spending, the KrisFlyer SBI Credit Card rewards you with an extra 3,000 KrisFlyer miles when your annual spending crosses Rs. 3 lakh. These milestone rewards make the card even more attractive for high spenders.
Lounge Benefits for Travelers
The KrisFlyer SBI Credit Card enhances your travel experience by offering both domestic and international lounge access.
Domestic Lounge Access
You receive one complimentary visit to a domestic airport lounge every quarter, helping you relax before your flights within India.
International Lounge Access via Priority Pass
With a complimentary membership to the Priority Pass program worth $99, you also get four complimentary international airport lounge visits each year (limited to one per quarter). This is a huge perk for frequent travelers flying internationally.
Fuel Surcharge Waiver
The card offers a 1% fuel surcharge waiver at petrol pumps across India for transactions up to Rs. 3,000. This helps you save on fuel costs, an added advantage if you’re someone who frequently drives long distances.
Comprehensive Insurance Coverage
Travel comes with risks, but the KrisFlyer SBI Credit Card provides you with peace of mind through its insurance coverage.
Air Accident Cover of Rs. 1 Crore
Cardholders are entitled to an air accident cover of Rs. 1 crore, ensuring your loved ones are financially protected in case of an unfortunate event during air travel.
Contactless Advantage
In today’s fast-paced world, contactless payments are the way to go. The KrisFlyer SBI Credit Card offers a seamless, contactless payment option for daily transactions.
Fast, Convenient, and Secure Transactions
You can simply wave your card at any contactless-enabled terminal to make a transaction without the need to swipe or insert your card. This saves time and increases security, as the card never leaves your hand during the payment process.
Global Acceptance: Access Worldwide
The KrisFlyer SBI Credit Card is accepted at over 24 million outlets globally, including 3,25,000 outlets in India. Whether you’re dining at a restaurant in New York or shopping in Mumbai, your card is accepted worldwide.
Add-on Cards for Family Members
You can empower your family members by offering them add-on cards at no extra cost. Parents, spouses, children, or siblings above the age of 18 are eligible for add-on cards, making it a great way to manage family spending and earn more KrisFlyer miles.
Cash Access Across the World
With the KrisFlyer SBI Credit Card, you have access to over 1 million ATMs worldwide. In India, you can withdraw cash from over 18,000 SBI ATMs across more than 100 cities, offering you financial flexibility no matter where you are.
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Easy Bill Pay Facility
Paying your bills has never been easier. With the KrisFlyer SBI Credit Card, you can use the Easy Bill Pay facility to pay your electricity, telephone, mobile, and other utility bills online. This makes managing your monthly expenses simple and convenient.
Flexipay: Convert Purchases into Easy EMIs
Need to make a big purchase but want to avoid paying in one go? With the Flexipay feature, you can convert any purchase over Rs. 2,500 into easy monthly installments. Simply log in to your SBI Card account within 30 days of purchase and convert it into Flexipay.
Balance Transfer on EMI for Financial Flexibility
If you’re struggling with credit card debt, the KrisFlyer SBI Credit Card allows you to transfer balances from other credit cards and pay them off at a lower interest rate. This can help you save money and manage your finances more effectively by paying back the balance in affordable EMIs.
Fees and Charges Breakdown
Understanding the fees associated with the KrisFlyer SBI Credit Card is crucial. The annual fee and renewal fee are both Rs. 2,999 plus applicable taxes. However, the card does not charge any fees for add-on cards, making it a cost-effective option for families.
Order of Payment Settlement
When you make payments towards your KrisFlyer SBI Credit Card, they are applied in a specific order. This includes settling any taxes, fees, and interest first, followed by the principal amount. Knowing this order can help you manage your repayments more efficiently.
Conclusion
The KrisFlyer SBI Credit Card offers an impressive range of benefits for frequent travelers and those who enjoy international shopping and lifestyle privileges. From earning KrisFlyer miles on everyday purchases to enjoying complimentary lounge access, this card provides excellent value. If you frequently fly with Singapore Airlines or its partners, this card could be a perfect match for your travel needs.
FAQs
1. What is the annual fee for the KrisFlyer SBI Credit Card?
The annual fee for the KrisFlyer SBI Credit Card is Rs. 2,999, plus applicable taxes. This fee is charged upon issuance of the card and every year thereafter.
2. What do I receive as a welcome gift with the KrisFlyer SBI Credit Card?
As a welcome gift, you will receive 3,000 KrisFlyer miles after paying the annual fee and making your first transaction within 60 days of card issuance. These miles can be redeemed for flights or upgrades with Singapore Airlines.
3. How can I earn KrisFlyer miles with this credit card?
You can earn KrisFlyer miles through various spending categories:
- 5 miles per Rs. 200 spent on tickets from the Singapore Airlines Group.
- 5 miles per Rs. 200 spent on international transactions.
- 2 miles per Rs. 200 spent on other eligible domestic purchases.
4. Is there a fuel surcharge waiver?
Yes, the KrisFlyer SBI Credit Card offers a 1% fuel surcharge waiver for transactions up to Rs. 3,000 at petrol pumps across India.
5. Do I get airport lounge access with the KrisFlyer SBI Credit Card?
Yes, the card offers both domestic and international lounge access:
- 1 complimentary domestic lounge visit per quarter.
- 4 complimentary international lounge visits per year through the Priority Pass program.
6. What insurance coverage does the KrisFlyer SBI Credit Card provide?
Cardholders are covered with an air accident insurance of Rs. 1 crore, ensuring financial protection in case of an unfortunate air travel incident.
7. Can I add family members to my KrisFlyer SBI Credit Card?
Yes, add-on cards can be issued for family members, such as parents, spouses, children, or siblings above 18 years of age, at no additional cost.
8. How does the Flexipay feature work?
Flexipay allows you to convert purchases over Rs. 2,500 into easy monthly EMIs. You can log into your SBI Card account within 30 days of purchase and convert it to Flexipay for financial flexibility.
9. Can I transfer my balance from other credit cards to the KrisFlyer SBI Credit Card?
Yes, the Balance Transfer on EMI feature allows you to transfer balances from other credit cards to your KrisFlyer SBI Credit Card and pay them off in affordable EMIs at lower interest rates.
10. What is the renewal fee for the KrisFlyer SBI Credit Card?
From the second year onwards, the renewal fee is Rs. 2,999, plus applicable taxes, which is charged annually.