Air India SBI Signature Card is a co-branded travel credit card, specially designed for frequent Air India fliers. You will get rewards for flight bookings. This card offers some attractive benefits like a welcome gift, reward points, milestone benefits, Air travel offers, global acceptance, fuel surcharge waiver, etc. let’s discuss the card in detail and see if it worth the ₹4999 annual fees or not.
Eligibility Criteria:
- Resident Type: Indian.
- For salaried person:
- Age: 21 to 65 yrs.
- Income: ₹60,000 monthly.
- For self-employed person:
- Age: 21 to 65 yrs.
- Income: 21 to 65 yrs.
- Good CIBIL Score (750 or more).
- Good relation with the bank.
Required Documents:
- Photocopy of ID Proof (any 1)
- Aadhar card
- Voter Card
- Passport
- PAN Card
- Photocopy of Address proof (any 1)
- Last 6 months bank account Statement
- Aadhar Card
- Driving License
- Passport
- Utility bill
- One recent passport-sized photographs
- Proof of income statement:
- Salaried Person (any 1)
- Latest salary slip, (3 months)
- ITR
- Self-employed person
- Latest Income tax return.
- Proof of business
- Recent audited financial report.
- Salaried Person (any 1)
Fee:
- Joining Fee: ₹4,999 + GST
- Annual Fee: ₹4,999 + GST
Benefits:
- Welcome benefit:
With the issuance of the card and the payment of the joining fee, you will get 20000 reward points as a welcome gift.
You will also get complimentary membership of the Air India frequent flyer.
You will get the welcome gift within 15days of paying the annual fees.
- Reward benefit:
For each ₹100 spend with this card you will get 4 reward points.
You will be able to get up to 1 lakh bonus reward points per year.
These reward points are convertible and you can convert them into Air India miles. (1 reward point = 1 Air India Mile).
- Lounge access:
This card offers you 8 free accesses to the domestic visa lounge, you can get a maximum of 2 visits per quarter.
- Travel benefit:
If you book your flight tickets from www.airindia.com you will get 30 reward points for each ₹100 transaction.
You will get the reward points in between 45 days.
If you spend ₹100 on supersaver booklets you will get 10 reward points.
- Fuel surcharge waiver:
This card offers a 1% waiver on fuel surcharges, you can save a maximum of ₹250 in a month. The transaction amount should be between ₹500 to ₹4000.
- Lost card liability coverage:
This card comes with lost card liability coverage of ₹1 lakh. To avail the maximum benefit of the coverage, you have to report the loss as soon as you notice it.
- Milestone benefit:
You will get 5000 reward points per year as an anniversary gift.
If you spend a minimum of Rs.5 lakh in a year you will get 20000 bonus reward points.
If you spend Rs.10 lakh in a year you will get 30000 bonus reward points.
If you spend Rs.20 lakh in a year you will get 50000 bonus rewards points.
- Add on card:
You can add any 2 of your family members like parents, spouse, and siblings with the Air India SBI Signature Card as an add-on member. The member’s age should be minimum of 18 years.
- Flexipay:
By using flexibly you can convert your transection in easy monthly installment.
- Balance transfer:
You can Transfer your other bank credit card’s outstanding to your Air India SBI Signature Card and pay back it in EMIs with a lower interest rate.
- Global acceptance:
Air India SBI Signature Card is accepted throughout the world. You can use it at almost any outlet or e-commerce site to make payments.
Charges:
- Cash Withdrawal Charge: 2.5% against the amount, min ₹500.
- Finance Charge: 3.35 % monthly.
- Foreign currency transaction: 3.5% against the transaction amount.
Contact Details:
Call: 1800 180 1290 (toll free)
3902-0202 (add the STD code of your locality)
Mail: [email protected]
100xGain Ratings: 7/10
Final Opinion:
For those who travel quite frequently with Air India, this card can be beneficial, especially because, it offers big reward points which you can convert into air miles, 8 free domestic lounge access, reward benefit on flight booking, up to ₹250 savings on fuel surcharges, etc. So if you are a regular flyer with Air India, and if you want a credit card for travel-related expenses, you can go for this card.
But if you want to spend less and want to have the same benefits at a reduced rate, you can go for Air India SBI Platinum Credit Card.