SBI Miles Credit Card Launched: Its 1st ever Complete Travel Card

SBI Card has launched its 1st ever Complete Travel Benefits Credit Card in Miles. The SBI Miles credit card has got 3 variants, Miles, Miles Prime, and Miles Elite. As the names suggest, reward points, milestone rewards, and other benefits go on rising as the card upgrades. You can pick your desired card from MasterCard or Rupay network.

SBI Miles card’s annual one-time fee and renewal fee is ₹1499+taxes. Besides, Miles Prime charges ₹2999+taxes and Miles Elite is at ₹4999+taxes.

The SBI Miles credit cards benefit via Travel Credits which can be converted into Air Miles, Hotel Points, Travel Bookings or redeemed for Catalog Products. Here, 1 Travel Credit = ₹1 for Air Mile / Hotel Point. Then, 1 Travel Credit = ₹0.50 for Travel Bookings, and 1 Travel Credit = ₹0.25 for Shop & Smile Product Catalog. However, The conversion ratio of Travel Credits into Air MILES and Hotel Points will vary across airline and hotel partners so let’s have a look at the exact conversion rates:-

Airlines

• Air Arabia - AA Rewards (2:1)

• Air Asia - AirAsia Rewards (1:1)

• Air Canada - Aeroplan (1:1)

• Air France-KLM - Flying Blue (1:1)

• Air India - Flying Returns (1:1)

• Air Vistara - Club Vistara (1:1)

• Etihad Airways - Etihad Guest (1:1)

• Ethiopian Airlines - ShebaMiles (2:1)

• Japan Airlines - JAL Mileage Bank (2:1)

• Saudia - AlFursan (2:1)

• SpiceJet - SpiceClub (1:1)

• Thai Airways - Royal Orchid Plus (1:1)

• Turkish Airlines - Miles&Smiles (2:1)

• United Airlines - United MileagePlus (2:1)

• Qantas - Frequent Flyer (1:1)

• Qatar Airways - Privilege Club (2:1)

Hotels

• Accor ALL (2:1)

• IHG One Rewards (1:1)

• Club ITC (2:1)

• Orchid Hotels Rewards (1:1)

• Wyndham Rewards (1:1)

• Shangri-La Circle (6:1)

Since it's a complete travel credit card, below are the travel MCCs where it will be accepted for rewards.

• 4511 (Air Carriers, Airlines–not elsewhere classified)

• 3020 (Air India)

• 3026 (Emirates)

• 3034 (Etihad)

• 3005 (British Airways)

• 3008 (Lufthansa)

• 3075 (Singapore Airlines)

• 3136 (Qatar Airways)

• 3007 (Air France)

• 3010 (KLM)

• 3047 (Turkish Airlines)

• 4722 (Travel Agencies and Tour Operators)

• 4784 (Bridge and Road Fees, Tolls)

• 4131 (Bus Lines)

• 4111 (Transportation–Suburban and Local Commuter Passenger, including Ferries)

• 4121 (Taxicabs and Limousines)

• 7512 (Automobile Rental Agency–Not Elsewhere Classified)

• 4789 (Transportation Services Not Elsewhere Classified)

• 4214 (Motor Freight Carriers, Trucking – Local/Long Distance, Moving and Storage Companies, Local Delivery)

• 7011 (Lodging–Hotels, Motels, Resorts–not elsewhere classified)

• 3640 (Hyatt)

• 3509 (Marriott)

• 3649 (Radisson)

• 3501 (Holiday Inn)

Thus, buses, travel agencies, etc. are part of its loyalty program which are usually not classified as travel expenses elsewhere!

Below is the list of transaction categories where SBI Miles cards will not earn reward points so make a note.

• petrol pumps/service stations

• E wallet loading

• Rent/property management

• School & Educational Services

• Utility transactions

• Insurance transactions

• Quasi Cash

• Balance transfers, Balance Transfer on EMIs

• Cash advances

• Financial charges (late payment fee, dishonoured cheque charges, service fee, transaction charges etc.)

• Disputed transactions

• Encash

• ATM Withdrawals

• Flexipay Transactions

• Merchant EMI i.e. EMI’s availed at the time of purchase at Merchant establishment or websites

Now, let’s checkout the benefits of all the 3 SBI Miles credit cards.

• 1,500 Travel Credits on spends of ₹30,000 within 60 days of card issuance

• Earn 2 Travel Credits for every ₹200 spent on travel

• Earn 1 Travel Credit for every ₹200 on all other spends

• Get 4 complimentary Domestic Airport Lounge visits (Primary Cardholder and Guest) every year (max 2 visits per quarter)

• Get additional (over & above the complimentary visits) Domestic Lounge visit with every spend of ₹1 Lakh. Additional lounge visits, based on spend milestones, are capped at 8 visits in a membership year.

• Get a complimentary (for the first 2 years) Priority Pass Membership (Only Primary Cardholders) worth $99 to access 1000+ International Airport Lounges worldwide

• Earn 5,000 Bonus Travel Credits on annual spends of ₹5 Lakh

• Annual Fee reversal on spends of ₹6 Lakh in a membership year

• Foreign Currency Mark-up Charge of 3% on International usage

• 1% Fuel Surcharge Waiver (Max ₹250 per month, per statement cycle) for each transaction between ₹500 and ₹4,000 across all petrol pumps (Govt. Service Tax extra as applicable)

• 3,000 Travel Credits as Welcome Gift on spends of ₹60,000 within 60 days of card issuance

• 4 Travel Credits for every ₹200 spent on travel

• 2 Travel Credits for every ₹200 on all other spends

• 10,000 Bonus Travel Credits on annual spends of ₹8 Lakh

• Annual Fee reversal on spends of ₹10 Lakh in a membership year

• Complimentary Priority Pass Membership (for the first 2 years) for primary cardholders only

• 4 complimentary International Airport Lounge visits every year, outside India (max 2 visits per quarter)

• 8 complimentary Domestic Airport Lounge visits every year (max 2 visits per quarter)

• Additional Domestic Lounge visit with every spend of ₹1 Lakh (12 visits in a membership year).

• Up to 6 flight cancellations per year, each limited to ₹3,500

• Lost card liability: upto ₹1 Lakh

• Air Accident Cover: upto ₹1 Crore

• Loss of check-in baggage: upto ₹72,000

• Delay of check-in baggage: ₹7,500

• Loss of travel documents: upto ₹12,500

• Baggage damage cover: upto ₹5,000

• Foreign Currency Mark-up Charge of 2.50% on International usage

• 1% Fuel Surcharge Waiver across all petrol pumps (max ₹250/month)

• 5000 Travel Credits as Welcome Gift

• 6 Travel Credits for every ₹200 spent on travel

• 2 Travel Credits for every ₹200 on all other spends

• 20,000 Bonus Travel Credits on annual spends of ₹12 Lakh

• Annual Fee reversal on spends of ₹15 Lakh in a membership year

• Complimentary Priority Pass Membership (for the first 2 years) for Primary Cardholders only

• 6 complimentary International Airport Lounge visits every year, outside India (max 2 visits per quarter)

• 8 complimentary Domestic Airport Lounge visits every year (max 2 visits per quarter)

• Additional Domestic Lounge visit with every spend of ₹1 Lakh (12 visits in a membership year)

• Low Foreign Currency Mark-up Charge of 1.99% on International usage

• Up to 6 flight cancellations per year, each limited to ₹3,500

• Lost card liability, Air Accident Cover, Loss of check-in baggage, Delay of check-in baggage, Loss of travel documents, Baggage damage cover: Same as Prime card

• 1% Fuel Surcharge Waiver across all petrol pumps (max ₹500/month)