SBI air India signature credit card features and benefits 2023-2024 Let’s discuss the co–branded travel card of SBI and Air India. In this article we will discuss what are the features and benefits of SBI Air India signature credit card. This card comes in premium category .
1) fee structure –
The joining and renewal fee of this card is RS. 499 Plus taxes.
2) Welcome benefits–
After receiving the joining fee on this card, you get 20,000 bonus reward points. Get complimentary membership of Air India Frequent flying program, Flying return. Renewal benefits include 5000 reward points after paying the renewal fee. She was recovered after paying the joining fee.
But renewal fee pay is not recovered. When you pay the joining fee, you get 20,000 bonus reward points. One reward point value is one Air India air mile. You can convert these reward points into air miles and book a flight ticket. Like Delhi to Mumbai one way ticket around 10000 air miles. This recovers the joining fee but does not recover the renewal fee.
3) Benefits a) lounge access Benefits–
SBI air India signature credit card features and benefits 2023-2024Â Visa lounge program on SBI Air India signature credit card through eight complementary domestic airport lounge access. Two per quarter. Priority pass membership through international lounge access. But it only gets through priority pass membership.
That means you have to pay 27 dollars for international airport lounge access. Virtually no internal lounge access benefit is available on this card.
(b) Milestone benefits –
20,000 bounce reward points on RS.5 lakh annual spends on this card. More than Rs.10 lakh annual spends Get 30,000 Reward Points. You get 50,000 reward points on annual spends of Rs.20 lakh. This means Total rupee One lakh bonus reward points are earned on Rs.20 lakhs annual spends.
C) Spend based rewards –
Spend Air rewards on SBI Air India signature credit card for Rs.100 spends. In accelerated rewards points, after booking a flight ticket on India website or app, if you book a ticket for yourself, you get 30 rewards on every Rs.100 spends. If you book a ticket for someone else, you get 10 reward points for every Rs.100 spends.
If you are an add on card holder and book a ticket for yourself, you will only get 10 reward points for every Rs.100 spends. P accelerated reward points get 30 reward points. They are credited in two parts. The first 10 reward points are credited to the credit card immediately after the transaction. The remaining 20 reward points are credited to the credit card 45 days after the transaction.
d)Easy bill payment facility–
You can pay utility bills using this card. You can always pay this bill on time with zero penalty.
e) Add–on Cards –
You can apply for add–on credit cards for spouses, parents, children or siblings over the age of 18.
f) Easy Money Facility–
You can get drafts or checks against the cash limit
4)Reward point redemption –
This is a travel card. So by converting reward points into air miles, you get maximum benefit. One reward point value is one Air mile. When redeeming a point, you have to redeem a minimum of ten thousand reward points. You have 5000 denominations redeem the points. Such as 5000,25000, 35000.
You can book a ticket from these miles only if you have enrolled in Frequent Flyer after taking the card. After that one paid ticket will be booked. You can only book tickets for others when you have already booked a minimum of five tickets.
5) reward structure–
1)Case–1 Suppose one person spends Rs.3 lakh annually. He spends 20 of them on fight tickets. He spends the same amount for himself. Spends the remaining 60,000. Milestone benefits will not be available in this case.
This person gets 36,000 reward points on self flight ticket spends and 1200 reward points on booking tickets for someone else. You will get 2000 reward points on the remaining spends. total of 50,400 air India air miles will be available on 3 lakh spends.
You can book a one way flight ticket from Delhi to Mumbai in 10,000 miles. Which will have an average value of around Rs.4000. This means one reward point value is around 45 paisa. Reward rate approximately 6.67%.
2) case 2 –Person B spends Rs.6 lakh out of which RS.480000 spends on flights. Out of this, spends Rs.240,000 on personal flight bookings and the remaining Rs.2 lakh 40,000 on other flight ticket spends. Spends over Rs.1,20,000 other spends.
In this case this person will get 20,000 bonus reward points. You will get 72,000 reward points on your own Air India Ticket bookings in one year. The remaining Air India ticket bookings will get 24,000 reward points.
You will get 4800 reward points on top of all other spends. So by including milestone benefit in total one year, you will get 120,800 reward points. Of these, you can redeem 120,000 Air miles. Its approximate value is around Rs.48000. In this case the approximate reward rate to the person is around 8% .
6) Suggestion–
SBI air India signature credit card features and benefits 2023-2024Â If you spend on air India tickets predominately, the returns of this card are very good. These returns can be even better for people who use this card a lot. When you upgrade miles to ticket or business class ticket, the value of air mile will be much better than 40 paisa.
Most people travel in economy class, so we have assessed our air mile value 40 paisa. This is a very good card for Air India frequent Flyer. You can expect 4–5% return from this card if you predominantly book air India ticket on this card and spend a little bit more. Ideally this card should not be used for any other spends except Air India spends.
The downside of this card is that the renewal fee is not recovered on this card and the redemption process is compiled. But still this card strongly recommends Air India frequent flyer as a Secondary card. People who travel as much in Air India as a secondary card. People who do not travel much in air India can ignore this card.