SBI Air India Platinum Credit Card Review

By | May 18, 2016
SBI Air India Platinum Credit Card Review

SBI Air India Platinum Credit Card Review

SBI issues 2 co-branded Credit Cards in partnership with Air India, one for the beginners under Platinum variant and the other for the high spenders under Signature variant. Air India Signature Card is a far better credit card than its platinum variant and it still remains one of the best travel credit card in India despite devaluation of reward points and benefits in recent times.

SBI Air India Platinum Credit Card Miles Earn Rate:

  •  2 Reward points for every ₹ 100 spent
  • 10 Reward points for every ₹ 100 spent on Air India tickets

Bonus Milestone Rewards:

  • 5,000 Reward Points on spending 2 Lakhs in a Year
  • 10,000 Reward Points on spending 3 Lakhs in a Year
  • Welcome Bonus: 5,000 Reward Points
  • Renewal Bonus: 2,000 Reward Points

If you spend 3 Lakhs on this card, this is what you get:
= 5,000+10,000+6,000(Regular earn rate)+5,000(Welcome Bonus)
= 26,000 Reward points (Not so great!)

Air India Miles Redemption:

So you get 26k Air India Miles on spending 3 Lakhs on Air India SBI Platinum Credit Card. That’s ~8.5% value back if you can redeeming the miles at value of Rs.1/mile or more.

But you can redeem it only on domestic flights which in-turn reduces the point value of the mile by 50% or so. So effective value back is ~4% which is way too low for an Airline Credit card. Instead of redeeming miles on local flights, you can always go for cheap revenue tickets.

Better Redemption Possibilities:

For one way India (Chennai) -> Maldives (Male) Economy ticket, you need 11,000 Points whereas Air India revenue ticket also costs around Rs.11k. This way, you can maximize the Point value of the mile 🙂

Features of SBI Air India Platinum Credit Card:

  • CardExpert Rating: 7/10
  • Reward rate: ~8.5% as AirIndia Miles
  • Complementary Airport lounge access: No
  • Fuel Surcharge Waiver: Enjoy 0% surcharge (Minimum transaction of INR 500. Maximum waiver of INR 250 per statement cycle)
  • Foreign Exchange Markup fee: 3.5% + Service Tax
  • Special Features: Milestone Bonus

While this is not a great Airline card from my perspective, its good enough for someone who spends around 3 Lakhs. If you’re looking for free local flights, get the American Express platinum travel card which gives free Indigo cash vouchers which is highly useful for domestic travels.

What’s your opinion on SBI Air India Platinum Credit Card? Do share your views below.

12 thoughts on “SBI Air India Platinum Credit Card Review

  1. Abhijit Kumar

    Dear Siddharth
    I was a SBI gold card holder so far. I applied for SBI platinum Air India card and was refused. At the same time, SBI issued a signature card to me. Why could it be so?

    Reply
    1. Siddharth Post author

      Abhijit,
      SBI allows one unsecured card at a time and that could be the reason.

      Reply
  2. Utkarsh

    Hi Siddharth,

    What would your opinion be on choosing a card between SBI Air India Platinum card and HDFC All Miles Credit Card?

    Reply
    1. Siddharth Post author

      They’re completely different. One is rewards card, other is Airmiles card.

      Reply
  3. Blossom

    I need a sbi credit card for international shopping. Can u please guide me select one. Thanks

    Reply
    1. Siddharth Post author

      SBI Signature/Elite cards gives extra points for international usages. Have a look.

      Reply
  4. Blossom

    I need to know even if i take a normal credit card can i shop internationally or do i need to check for a card which specifies international shopping

    Reply
    1. Siddharth Post author

      These days all cards are enabled for international usage by default.

      Reply
  5. DR

    please clarify here on ,SBI agents were saying SBI air india platinum card eligible for 1 rewards point = 1 air mile…that case i will get 20000 rewards point while taking new card it self.

    in that case Melbourne around below 6000 air mile in this way can travel 3 times ,is it true ?

    Reply
    1. Siddharth Post author

      You need about 70k points for Melbourne from India. May i know where you came across 6k?

      Reply
      1. DR

        i told in distance 6346 miles ……..not reward points

        But as per agent saying it should be 1 point =1 mile ……,i not able to believe

        Reply
        1. Siddharth Post author

          It doesn’t work that way. Airlines has a certain X miles required to redeem for award flight and is NOT equal to the actual distance between the places.

          Reply

Leave a Reply

Your email address will not be published. Required fields are marked *