The SBI Aurum Credit Card is SBI’s foray into the super-premium credit card market, positioning it alongside notable cards such as HDFC Infinia and ICICI Emeralde. It’s designed to cater to high-net-worth individuals with an array of exclusive perks.
The SBI Aurum Credit Card is an exclusive, invite-only offering that stands at the pinnacle of SBI’s credit card options. This card competes directly with top-tier cards like the HDFC Bank Infinia and the American Express Platinum, aiming to attract a sophisticated clientele.
SBI Aurum Credit Card: Features and Benefits
This premier card offers a suite of benefits tailored for luxury and convenience:
Welcome Benefits:
- Cardholders receive 40,000 reward points immediately upon joining, equivalent to Rs. 10,000, with every four points valued at Rs. 1.
- Includes annual memberships to the Wall Street Journal and Club Marriot, and Mint.
Monthly Spending Rewards:
- Exceeding monthly expenses of Rs. 1,00,000 earns cardholders a Tata Cliq voucher valued at Rs. 1,500.
Annual Spending Rewards:
- Spending over Rs. 5,00,000 annually grants a Tata Cliq luxury voucher worth Rs. 5,000.
- Exceeding Rs. 10,00,000 in annual expenditures rewards a Taj Voucher valued at Rs. 10,000.
Travel Perks:
- Unlimited access to both domestic and international airport lounges, along with complimentary spa access at select domestic airports.
- Includes ticket cancellation coverage up to Rs. 3,500 for refundable tickets and Rs. 3,000 for non-refundable tickets, applicable twice annually.
Entertainment Benefits:
- Provides up to four free movie tickets per month via Book My Show, capped at Rs. 250 per ticket.
Insurance Benefits:
- Offers travel insurance coverage including delay, loss of luggage up to Rs. 1 lakh.
- Provides accidental death coverage of Rs. 3.5 crores and refunds for two flight cancellations.
- Card protection up to Rs. 10 lakhs for lost card or fraud incidents.
Exclusive Services:
- 24/7 lifestyle concierge services facilitate everything from flight bookings to hotel reservations.
- Secretarial access allows a designated secretary to manage account-related tasks.
Rewards and Redemption:
- Every Rs. 100 spent accrues four reward points.
- Points can be redeemed for gift vouchers, hotel bookings, or flight reservations via the Aurum reward portal.
- Rewards can be transferred to loyalty programs like Club Vistara, Air Asia, or Club ITC, with favorable conversion rates.
Fees and Charges
- The joining and annual fee is Rs. 9,999 plus applicable taxes, waived if annual spending exceeds Rs. 12 lakhs.
- The card carries a foreign currency markup fee of 1.99%, and a cash advance fee of Rs. 500 or 2.5% of the withdrawn amount, whichever is higher.
Eligibility Criteria
- Being an invite-only card, it does not specify standard eligibility criteria but typically requires applicants to be at least 21 years old if salaried, or 25 if self-employed, with a significant annual income and an excellent credit score.
Review
The SBI Aurum Credit Card is a testament to SBI’s commitment to providing a luxurious credit solution with extensive benefits across travel, dining, and more, making it an attractive option for those who frequently indulge in high-end experiences.
FAQs
What travel perks come with the SBI Aurum Credit Card?
Unlimited lounge access, complimentary spa visits at select airports, travel insurance, and discounts on hotels and flights.
Do reward points on the SBI Aurum Credit Card expire?
No, reward points do not expire as long as the card account is active.
Is there a limit to insurance claims on the SBI Aurum Credit Card?
Yes, insurance benefits like flight cancellation coverage can be claimed twice per year.
How can I apply for an invite-only SBI Aurum Credit Card?
Express interest through an SBI relationship manager or at a local SBI branch.
How does the SBI Aurum Credit Card differ from other SBI cards?
It offers higher credit limits, more luxury-oriented benefits, and services tailored to high-income individuals.
