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SBI Card credit card changes: rewards, fees and benefits
Every reward cut, new fee and benefit change we can source, dated and linked to where it was announced. Changes to cards in your wallet are highlighted on this device.
July 2026
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CutSBI Card· since 1 July 2026
PhonePe SBI cards get lower reward caps and more exclusions
On PhonePe SBI SELECT BLACK, online-spend rewards are capped at 1,000 points a month (from 2,000), and PhonePe-app rewards are split into 500 points for insurance and 1,500 for other spends. Tolls, jewellery, education and non-PhonePe utility, insurance and UPI spends stop earning; the PURPLE card was revised on the same date.
April 2026
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CutSBI Card· since 1 April 2026
SBI Card caps statement-credit redemption at 60,000 points a month
Redeeming reward points as statement credit is now limited to 60,000 points per card per calendar month, in multiples of 4,000 points. Air India SBI Signature and the PhonePe SBI cards are exempt.
Applies across SBI Card's cards
Source: SaveSage
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CutSBI Card· since 1 April 2026
SBI Cashback card splits cap: ₹2,000 online + ₹2,000 offline
Cashback is now capped at ₹2,000 per statement cycle for 5% online spends and ₹2,000 for 1% offline spends, down from a single ₹5,000 cap. Gaming platforms, tolls and government payments were added to the exclusions.
Cards: CASHBACK SBI Card
Source: Live From A Lounge
November 2025
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New feeReportedSBI Card· since 1 November 2025
SBI Card adds 1% fee on education via apps and on wallet loads
SBI Card charges 1% on education payments made through third-party apps such as CRED or MobiKwik, while paying the school or college directly stays free. Wallet loads above ₹1,000 also attract a 1% fee.
Applies across SBI Card's cards
Source: Upstox News
April 2025
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CutReportedSBI Card· since 1 April 2025
SBI SimplyCLICK cuts Swiggy rewards from 10X to 5X
Online Swiggy spends on the SimplyCLICK SBI Card now earn 5X reward points instead of 10X. The other 10X partners, including Myntra, BookMyShow, Cleartrip and Apollo 24x7, were not changed.
Cards: SimplyCLICK SBI Card
Source: Business Today