SBI Card Miles Credit Card

About SBI Card Miles Credit Card

Are you tired of earning reward points that you can only spend on a limited catalog of products? The SBI Card Miles Credit Card changes that by focusing on what travelers actually want: flexibility.

This card is built for professionals who want to turn their daily expenses into future trips. If you earn at least ₹30,000 per month and have a solid credit history, this card offers a straightforward way to start booking flights and hotels using your spending habits. With an annual fee of ₹1,499, it sits in the sweet spot for those who want travel perks without the heavy price tag of super-premium cards.

Specifically designed for individuals earning ₹4 lakh to ₹4.5 lakh annually, the SBI Card MILES provides a clear path to rewards. Whether you prefer the Mastercard or RuPay network, you get a card that works everywhere while building a travel fund for your next vacation.

What sets it apart:

• Versatile Redemption: Unlike many entry-level cards, you can convert your credits into Air Miles or Hotel Points across various partners.
• Network Choice: Available on both Mastercard and RuPay, giving you the flexibility to choose based on your preference for acceptance or UPI integration.
• Focused Value: You can see an annual saving of up to ₹20,442 if you maximize the card's features and meet spend milestones.

Quick check: To qualify, you will need to be between 21 and 65 years old with a minimum monthly income of ₹30,000 and a CRIF score of 750 or higher.

Let's break down why this card might deserve a spot in your wallet:

Key Benefits & Features of SBI Card Miles Credit Card

The SBI Card MILES is structured to reward you from the moment you start using it. Here is a detailed look at the benefits and the costs associated with the card.

Welcome Bonus

You can get a head start on your travel fund with the welcome offer. When you pay your joining fee of ₹1,499 and spend ₹30,000 within the first 60 days of getting your card, SBI credits 1,500 Travel Credits to your account. This is a great way to offset the initial cost of the card right away.

Reward Structure and Redemption

The core of this card is the Travel Credit system. Every credit you earn is worth ₹0.50 when redeemed. You earn Travel Credits on your eligible transactions, and the real power lies in how you can use those credits. You are not stuck with a single airline or hotel chain. You can choose to redeem your credits for:

• Air Miles with partner airlines
• Hotel loyalty points
• Direct travel bookings through the SBI portal
• Items from the Shop and Smile product catalogue

To ensure you start earning, remember that you must make a minimum transaction of ₹100 within the first 30 days of card activation.

Annual Fee and Waiver

The card comes with an annual fee of ₹1,499. However, if you are a heavy spender, you can get this fee waived entirely. If your total spends in a year cross ₹6,00,000, the renewal fee for the next year is cancelled. This means if you spend roughly ₹50,000 per month on the card, the card becomes effectively free for you.

Important Exclusions

To maximize your benefits, you need to know where you won't earn rewards. The SBI Card MILES has a specific list of transactions that do not count toward reward earnings or the fee waiver milestone. These include:

• Rent payments and Utility bill payments
• Fuel purchases and Insurance premiums
• Wallet reloads and School or Educational services
• Government related transactions and Taxes
• EMI transactions and Cash withdrawals
• Jewellery purchases and Railway tickets

How to Apply?

The application process for the SBI Card MILES is simple and can be completed online or offline. Follow these steps to get started:

1. Visit the official SBI Card website or use the SBI Card mobile app.
2. Navigate to the "Credit Cards" section and locate the SBI Card MILES.
3. Check your eligibility: Ensure you meet the minimum income requirement of ₹30,000 per month (₹4 LPA for salaried or ₹4.5 LPA for self-employed).
4. Fill in the digital application form with your personal details, including your PAN and Aadhaar number.
5. Upload the necessary digital copies of your documents for verification.
6. Complete the V-KYC (Video KYC) process if prompted by the bank representative.
7. Once your documents and credit score (ideally 750+) are verified, the bank will process your application and dispatch your card.

Credit Limit: What to Expect

Credit limits typically range from ₹60,000 to ₹2,00,000 based on your income and credit profile. SBI Card determines your assigned limit by analyzing the following key factors:

• Your Monthly Income: Higher stable income leads to a higher credit limit.
• CRIF/CIBIL Score: A score of 750 or above demonstrates good credit discipline and can help you secure a better limit.
• Existing Debt: Your current loans and other credit card balances are considered.
• Banking Relationship: If you already have an account or investment with SBI, it may positively influence the bank's decision.

You become eligible to request a limit increase after 6 to 12 months of disciplined usage and timely bill payments.

Comparison Table: SBI Card MILES vs. Competitors

Before choosing a travel card, it is helpful to see how it stacks up against other popular options in the Indian market.

If you are just starting your travel rewards journey and want a card with a manageable fee of ₹1,499, the SBI Card MILES is a solid pick. While cards like Axis Atlas offer higher reward values, they also come with much higher annual fees. However, the ₹6 Lakh fee waiver milestone on the SBI card is significantly higher than the ₹4 Lakh milestone on the HDFC Regalia Gold, which is something to consider if your annual spending is in that mid-range.

Documents Required for SBI Card Miles Credit Card Application

You will need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), Rent Agreement, or Property Tax Receipt
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents
• Income Proof: Latest 2 years' ITR with computation of income, 6 months' bank statements, and CA-certified financials
• Business Proof: Business registration certificate, GST registration (if applicable), or Shop Act License

Note: All documents must be self-attested. The bank may request additional documents during verification.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the SBI Card MILES:

The Aspiring Traveler: You are someone who takes 1 or 2 domestic or international trips a year. You might be an IT professional earning ₹40,000 a month and spending around ₹20,000 on your card. This card helps you slowly but surely accumulate points that actually matter for travel, rather than just getting generic gift vouchers.

The "Simplicity" Seeker: You want a card where the math is easy. With 1 credit equaling ₹0.50, you always know exactly what your points are worth. You don't want to spend hours on forums figuring out how to "game" the system; you just want to book a flight when you have enough credits.

The RuPay Fan: If you want to use your credit card for UPI payments while still earning travel-focused rewards, the RuPay variant of this card is an excellent choice that many premium travel cards don't offer.

You might want to skip this card if:

• Your spending is mostly on utilities, rent, and fuel, as these won't earn you any rewards here.
• You spend less than ₹6 Lakhs a year but want a card with an easier fee waiver milestone. In that case, a card with a ₹2 Lakh waiver might suit you better.
• You are looking for perks like lounge access or railway benefits, which are not available on this specific card.

BankKaro Expert Review

Based on the card's features, the SBI Card MILES excels at providing a low-barrier entry into the world of travel rewards. Most travel cards are "premium," meaning they demand high salaries and high fees. SBI has done a good job making this accessible to people earning ₹30,000 a month. The conversion to Air Miles and Hotel points is a feature usually reserved for much more expensive cards.

The biggest limitation is the fee waiver milestone. Setting a ₹6 Lakh spend target for a card that only costs ₹1,499 seems a bit mismatched. For many users in this income bracket, spending ₹50,000 every single month on a credit card (excluding rent and utilities) is quite a high bar. Additionally, the lack of lounge access or any railway benefits is a noticeable gap for a card with "Miles" in its name.

Our verdict: Choose this card if you want to earn flexible travel points on your everyday retail spends and you value the ability to transfer those points to different airlines. It is a "pure" rewards card without the extra travel fluff. If you need airport lounges or lower fee waiver targets, you might find better value elsewhere.

Terms and Conditions

• Bank may offer a different card variant based on your eligibility. Please carefully read the features of the card offered before submitting your application.
• A minimum transaction of Rs.100 within 30 days is required to activate the card, otherwise, you won’t be eligible for the Rewards.
• Reward credits are not applicable on excluded categories like fuel, rent, and utility payments.
• For complete terms and conditions, refer to the bank's official website.