South Indian Bank SBI Platinum Credit Card

WalletWalk Rating

Best for lifestyle privileges and domestic travel perks

Last updated: 23-Aug-2025

Overview

The South Indian Bank SBI Platinum Credit Card offers generous welcome benefits, milestone rewards, airport lounge access, and insurance protection—making it a strong lifestyle and travel card for frequent domestic users.

Pros

↑Get vouchers worth ₹3,000 as welcome gift and on milestone spending
↑Enjoy 2 complimentary domestic lounge visits / quarter and free Priority Pass membership

Cons

↓No accelerated reward rate on specific spend categories
↓Limited international travel benefits beyond lounge access

Key Highlights

Welcome Offer
Welcome e-gift voucher worth ₹3,000
Voucher options include Bata, Hush Puppies, Yatra, Pantaloons, Aditya Birla Fashion, and Shoppers Stop. Sent via SMS / email within 21 days of fee payment and 5 days of request.

Reward Rate
2 RP / ₹100 on all spends
2 RP / ₹100 on all spends

Joining Fee
₹2,999

Annual Fee
₹2,999

Key Benefits

Bill Payment

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Pay bills using Easy Bill Pay

Dining

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2 RP / ₹100 on all spends including dining

Food Delivery

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2 RP / ₹100 on all spends including food delivery

Fuel

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1% fuel surcharge waiver on spends ₹500 - ₹4,000, up to ₹250 / cycle

Grocery

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2 RP / ₹100 on all spends including grocery

Lifestyle

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30% discount on the green fee + access to more than 300 golf courses worldwide

Milestone

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₹3,000 vouchers on spends of ₹4L and ₹5L annually + ₹3,000 renewal voucher on ₹2L spend

Premium

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Golf discounts, Priority Pass membership, 24x7 helpline, global concierge services

Reward Points

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2 RP / ₹100 on all spends

Shopping

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2 RP / ₹100 on all spends including shopping spends

Airport Lounge Access

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8 visits / year (2 / quarter)

Liability Protection

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₹1L of fraud cover from 48 hrs before to 7 days after card loss report

Insurance

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₹50L of Air Accident Cover valid till 10 Aug 2025; benefit discontinued thereafter

Balance Transfer

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No interest if payment made within 60 days.
Can be taken for ₹5,000 to max 75% of credit limit

Emi

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YConvert purchases into EMI for transaction over ₹2,500

Detailed Information

Joining Fee	₹2,999
Annual Fee	₹2,999
Monthly Percentage Rate	3.50%
Annual Percentage Rate	42.00%
Foreign Currency Markup	3.50%
Late Payment Charges	₹400 - ₹1,300 (Based on outstanding amount due)
Overlimit Charges	2.5% of the overlimit amount that exceeds the credit limit or ₹600
Cash Advance Fee	2.5% (subject to min. of ₹500)
Balance Transfer Fee	Within 60 days, 2% or ₹199 (whichever is higher) - Within 180 days, interest charged at 1.7% p.m. (20.4% p.a) but nil fees
Card Replacement Fee	₹100
Fee For Cheque Bounce	2% of Payment amount (subject to a min. of ₹500)

Identity Proof	Recent passport size photograph, Copy of masked Aadhaar / Virtual ID card (both sides mask first 8-digits of Aadhaar Number), Voter ID Card (both sides), Driving License\* (both sides), Passport (any one of the mentioned)
Address Proof	Copy of masked Aadhaar / Virtual ID card (both sides mask first 8-digits of Aadhaar Number), Letter issued by the National Population Register containing details of name and address, Job card issued by NREGA duly signed by an officer of the State Government, utility bill.
Income Proof Salaried	Salary Slip, Income tax return
Income Proof Self Employed	Registration certificate, CST/VAT/ GST certificate (provisional/final), Permanent Account Number or the equivalent e-document thereof or Form 60

South Indian Bank SBI Platinum Credit Card

Age Requirement Salaried	21 to 70 years
Age Requirement Self Employed	21 to 70 years
Minimum Credit Score	750

Age Requirement Salaried	21 to 70 years
Age Requirement Self Employed	21 to 70 years
Minimum Credit Score	750