SBI Credit Card Reward Points: A Complete Guide!

Here’s everything you need to know about redeeming your SBI credit card reward points, including fees, expiry, and redemption methods.

1. Do SBI Reward Points Have a Processing Fee?
Yes, a redemption fee of ₹99 + taxes is charged for each batch of redemption requests processed in a day.

  • This applies to both product redemptions and statement credit.
  • Note: If you make two redemptions during different batch cycles (e.g., one before and one after 10 PM), fees will be levied twice.

2. How to Check Your SBI Credit Card Reward Points?
Here are the methods to know your accumulated points:

  • Refer to your latest credit card statement.
  • Ask SBI’s chatbot ILA using your online account.
  • SMS REWARD XXXX (last 4 digits of your card) to 5676791.
  • Log in to sbicard.com or the SBI Card app to view your dashboard.

3. Do SBI Reward Points Expire?
Yes! Points are valid for 24 months under the Shop & Smile Rewards Program.

  • Any points not redeemed within this time will lapse.
  • Check expiring points on sbicard.com, the app, or your monthly statement.

4. How to Redeem SBI Reward Points?
You have two options:

1. Redeem for gifts/products: Visit sbicard.com or the SBI Card app to browse the rewards catalogue.
2. Convert to cash: Contact customer service or send an email to initiate.

5. Can You Pay Outstanding Balances Using Reward Points?
Yes, but:

  • Points must be redeemed in multiples of 2,000.
  • Reward points cannot be transferred between SBI cards.

6. Don’t Have an SBI Credit Card Yet?

Enjoy exclusive benefits like reward points on every spend, flexible redemption options, and access to the Shop & Smile Rewards Program.

Apply for an SBI Credit Card Today!