SBI KrisFlyer Credit Card Review

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Editor’s note: This is a recurring post, regularly updated with new information and offers. Last Updated 2nd October 2024.

The SBI KrisFlyer Credit Card is a co-branded travel card launched by SBI Card in partnership with Singapore Airlines’ KrisFlyer program. SBI has launched two cards simultaneously and here I am reviewing the base version. I have also reviewed the other card here.

Charges and Welcome Benefits

Joining Fees₹2999 + GST
Welcome Benefits3,000 KrisFlyer Miles
Renewal Fees₹2999 + GST
Renewal BenefitsNIL
Renewal Fee WaiverNot Applicable
Apply For This Credit CardClick Here
  • 3,000 KrisFlyer Miles will be credited on payment of annual fees and doing a single transaction within 60 days of card issuance.

Just like the SBI Miles card series, there is no incentive for renewal against the annual fee and no renewal fee waiver makes no sense since why would someone renew the card and pay the fee against no benefits?

Reward Points Accrual

Spends AreaReward Rate
Singapore Airlines Group5 KrisFlyer miles per ₹200
International Spends5 KrisFlyer miles per ₹200
Other Spends2 KrisFlyer miles per ₹200

*Except for Cash withdrawals, Balance Transfers, Flexipay, Encash, E-wallet uploads, Cashback transactions and spends on Rental, Fuel, Utility Bills and Govt transactions.

  • KrisFlyer miles are valid only for 2 years from the date of accumulation
  • The KrisFlyer miles will be automatically transferred to your KrisFlyer account on the statement date
  • Singapore Airlines group consists of Singapore Airlines, Scoot, Pelago, Kris+ & KrisShop website

Milestone Benefits

  • Get an additional 3,000 KrisFlyer miles on annual spends of ₹3L as Milestone Rewards
  • Tier upgrade to KrisFlyer Elite Silver membership on spending ₹2.5L on Singapore Airlines

TechnoFino Maximum

Assuming you spend ₹3L on the included categories then in the first year of card accrual you will earn 9000 KrisFlyer miles. Also earning these miles won’t be completely free since SBI will charge your card against the miles earned on spends done during the festive sales on various platforms like Amazon and Flipkart.

Now the value of a KrisFlyer mile is inherently personal and depends on your travel patterns and preferences. But conservatively it can be valued around ₹1 per mile if you travel in economy but may shoot up substantially if you like to travel in premium cabins. Hence this translates to a 3% reward rate in the first year and 2% in the next year.

Other Benefits

Airport Lounge Access

Access Via – Credit Card
Complimentary Domestic Limit – 4 Visits/Calendar year within India only for primary cardholder (Maximum 1/Qtr)
Network – MasterCard/AMEX

Access Via – Priority Pass
Complimentary International Limit – 4 Visits/Calendar year only for primary cardholder (Maximum 1/Qtr)

  • Priority Pass membership is valid only for the first 2 years only
  • If you exceed the 8 Complimentary visits, you will be charged US $27 + GST per visit 

Fuel Surcharge Waiver

1% fuel surcharge waiver max up to ₹3000 per month.

Forex Markup Charges

  • FCY Markup Fee: 3.50%+GST
  • Reward Rate: 2.5%
  • Net: –1.70% (loss)

TechnoFino Recommends

SBI KrisFlyer Credit Card is not recommended even for SQ loyalists since the overall reward rate is quite poor. If you aren’t specific with Singapore Airlines, there are much better cards like Axis Atlas, AMEX Platinum Travel, HDFC Infinia and HDFC Diners Club Black.

What are your thoughts about this card? Feel free to share in the comments below.

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