Need Help regarding SBI Aurum Credit Card

[rj_arora]

Hey Everyone, can anyone please help me with the following -
1. How can we redeem 40K joining bonus points? Cash credit or Amazon/FK voucher available?
2. What's the best way to apply? On their website(show interest option)?
3. If it's easier to apply via referral, can anyone please refer me?
4. Is it worth it to take this card (benefits like BMS etc), provided I cancel it before renewal?

 

[rj_arora]

Some people here have Aurum ... I think you should have a word with them

Can you please tag them? Would be very very helpful!

 

[rj_arora]

@fatehbajwa
@garvit3692

And few others ... Just find the thread ... You'll see

Hey @fatehbajwa @garvit3692 , it would be very helpful if you can reply here

 

[fatehbajwa]

Hey @fatehbajwa @garvit3692 , it would be very helpful if you can reply here

Reach out to @Subhankar ....he'll get it done. He's the man for Aurum.

 

[SubhankarSubhankar is verified member.]

Hey Everyone, can anyone please help me with the following -
1. How can we redeem 40K joining bonus points? Cash credit or Amazon/FK voucher available?
2. What's the best way to apply? On their website(show interest option)?
3. If it's easier to apply via referral, can anyone please refer me?
4. Is it worth it to take this card (benefits like BMS etc), provided I cancel it before renewal?

I can connect you to the Aurum RM for application. Aurum is a good to have card, not must to have.
1. Aurum has different redemption portal which can be accessed through app or website. You can redeem there. Plenty of options are there. I went with Taj, you can go with amazon as well.
2. Now even if you show interest, the chances of getting approval from there is bit tough and will only get processed if your ITR is more than 30L. If you have, give it a shot.
3. No referral works here as it's categorised as "invite only". So you either get invite or an Aurum RM invites you to apply.
4. BMS feature is one of the USP of the card. I exhaust it every month and it does totally worth it.

 

[rj_arora]

I can connect you to the Aurum RM for application. Aurum is a good to have card, not must to have.
1. Aurum has different redemption portal which can be accessed through app or website. You can redeem there. Plenty of options are there. I went with Taj, you can go with amazon as well.
2. Now even if you show interest, the chances of getting approval from there is bit tough and will only get processed if your ITR is more than 30L. If you have, give it a shot.
3. No referral works here as it's categorised as "invite only". So you either get invite or an Aurum RM invites you to apply.
4. BMS feature is one of the USP of the card. I exhaust it every month and it does totally worth it.

Thank you @Subhankar . Can you please connect with me on DM and connect me with an RM? I also created a conversation today
Also, can you please check what's the value of Amazon or Flipkart voucher, corresponding to 40K introductory points?

 

[card_enthusiast]

I can connect you to the Aurum RM for application. Aurum is a good to have card, not must to have.
1. Aurum has different redemption portal which can be accessed through app or website. You can redeem there. Plenty of options are there. I went with Taj, you can go with amazon as well.
2. Now even if you show interest, the chances of getting approval from there is bit tough and will only get processed if your ITR is more than 30L. If you have, give it a shot.
3. No referral works here as it's categorised as "invite only". So you either get invite or an Aurum RM invites you to apply.
4. BMS feature is one of the USP of the card. I exhaust it every month and it does totally worth it.

SBI Aurum seems to be exciting for 1st year with all these joining benefits but is it worth after 1 year as no renew benefit and high annual fees. Is it possible to downgrade after 1 year to other SBI card or need to close it fully

 

[SubhankarSubhankar is verified member.]

SBI Aurum seems to be exciting for 1st year with all these joining benefits but is it worth after 1 year as no renew benefit and high annual fees. Is it possible to downgrade after 1 year to other SBI card or need to close it fully

The worth it depends on person to person. Even without joining benefit of 40,000 pts, if you're hitting 1L spending milestone every month, you'll receive tata cliq voucher worth 1.5k, so that's 18k worth voucher, and if you use those vouchers to purchase at tata cliq luxury on sale, it'd be almost cash equivalent, as the other alternative for those brands is Luxe voucher, which can't be used during sale, only on MRP and max discount you can get on them is 5%. Still on a strict value 15k? Alternatively, use them to buy gold coins through tata cliq.
Now there are two milstones, first is at 5L, you'll get 5k luxe voucher, I'd not value it over 3k, next is 10k Taj voucher at 10L, which I'll value at 8.5-9k at lowest. at at 12L fee reversal.
So 15 + 3 + 8.5= 16.5k with fee reversal. Not counting the 1% back as reward point.

 

[card_enthusiast]

The worth it depends on person to person. Even without joining benefit of 40,000 pts, if you're hitting 1L spending milestone every month, you'll receive tata cliq voucher worth 1.5k, so that's 18k worth voucher, and if you use those vouchers to purchase at tata cliq luxury on sale, it'd be almost cash equivalent, as the other alternative for those brands is Luxe voucher, which can't be used during sale, only on MRP and max discount you can get on them is 5%. Still on a strict value 15k? Alternatively, use them to buy gold coins through tata cliq.
Now there are two milstones, first is at 5L, you'll get 5k luxe voucher, I'd not value it over 3k, next is 10k Taj voucher at 10L, which I'll value at 8.5-9k at lowest. at at 12L fee reversal.
So 15 + 3 + 8.5= 16.5k with fee reversal. Not counting the 1% back as reward point.

Well If somebody have 1L spending/month then in my opinion Axis Magnus would be a better choice

 

[SubhankarSubhankar is verified member.]

Well If somebody have 1L spending/month then in my opinion Axis Magnus would be a better choice

Well it was never a comparison. Ofcourse Magnus will fetch better value, It was about the value out of this card only.

 

[ray8285]

Well it was never a comparison. Ofcourse Magnus will fetch better value, It was about the value out of this card only.

Hi Shubankar,

I expressed interest, all I received was an email from someone called Ranjeeta and that too after a week. She was asking for ITR of 25L & above along with Bank statements of 3 months to upgrade the my Elite Card which has a limit of 3.95 L & spendings of 25L-30L annually. She did not really seem to be the helpful kind.

Then someone called Shweta called & she said that ITR of 28L is required for a straight upgrade or she has to take a few approvals but chances are bleak. Again she did NOT sound very helpful but definitely pricey.

I know people have just simply got upgraded basis their current limit & spending on the card via some helpful Aurum RM easily, without having to furnish the ITR docs.

Can you kindly help me / recommend me to a RM over DM who can get this done for me please ?

I will really appreciate the help.

 

[Deleted member 18079]

I can connect you to the Aurum RM for application. Aurum is a good to have card, not must to have.
1. Aurum has different redemption portal which can be accessed through app or website. You can redeem there. Plenty of options are there. I went with Taj, you can go with amazon as well.
2. Now even if you show interest, the chances of getting approval from there is bit tough and will only get processed if your ITR is more than 30L. If you have, give it a shot.
3. No referral works here as it's categorised as "invite only". So you either get invite or an Aurum RM invites you to apply.
4. BMS feature is one of the USP of the card. I exhaust it every month and it does totally worth it.

Hi @Subhankar ,can you connect me with your RM. I have a HNW account with SBI and have expressed interest via the website but not too hopeful of that route.

 

[saurabhduasd]

IS it possible to hold 2 SBI credit cards , I already have octance but don't wish to loose it for AURUM

 

[ray8285]

IS it possible to hold 2 SBI credit cards , I already have octance but don't wish to loose it for AURUM

Absolutely. When getting aurum, they will give you 3 option :

1. Apply fresh with docs ( Min ~26L ITR) & get a separate limit additionally to your existing card.
2. Upgrade your existing card.
3. Get Aurum, keep existing card & split limit.

Keep in mind the base limit required to get aurum is ~2.8L