Credit Card

Apollo SBI Credit Card

After the surge of COVID-19 in the world, people have realized how important taking care of health is. There are a variety of credit cards in the market but there is rarely any credit card that provides health benefits to the cardholders. Keeping this in mind, the SBI Card has collaborated with Apollo Hospitals and launched the Apollo SBI Credit Card providing healthcare benefits to the cardmembers. With this credit card, cardholders will not only get discounts and rewards on Apollo Services and Apollo Hospitals but will also get reward points while they use their credit card for other transactions as well. The cardholders will get complimentary Apollo Membership along with bonus reward points as a welcome benefit to this credit card. Apart from this, cardholders will earn reward points on their regular spends using this credit card and accelerated rewards while they spend on healthcare services. Placed at a nominal joining and renewal fee of Rs. 499, this credit card provides various benefits with respect to healthcare.

  • Joining Fee- Rs. 499 (plus applicable taxes)
  • Renewal Fee- Rs. 499 (plus applicable taxes)
  • Best Suited For- Shopping
  • Reward Type- Reward Points
  • Welcome Benefits- 500 Reward Points and complimentary Apollo Gold Tier Membership

Rewards and Benefits

  • Movie & Dining- 2x Reward Points while spending on dining and movie related spends.
  • Rewards Rate- 3x Reward Points on Apollo Services, 2x Reward Points on dining, movies, and entertainment, 1 Reward Point on every Rs. 100 spent on all other spends.
  • Reward Redemption- They can only be redeemed to avail services at Apollo Healthcare Centers and related stores.
  • Travel- NA
  • Golf- NA
  • Domestic Lounge Access- NA
  • International Lounge Access- NA
  • Insurance Benefits- NA
  • Zero Liability Protection- Zero Liability Protection is provided against lost/stolen credit cards upon reporting to the customer care of the bank.

Fees & Charges

  • Spend based Waiver- Waiver of renewal fee on the spending of Rs. 1 Lakh or more in the previous year.
  • Rewards Redemption Fee- Rs. 99
  • Foreign Currency Markup- 3.5% on all international transactions
  • Interest Rates- 3.5% per month (or 42% annually)
  • Fuel Surcharge- 1% at all fuel stations in India. Surcharge amount is capped at Rs. 100 in a month.
  • Cash Advance Charge- 2.5% of the amount or Rs. 500, higher of the two
  • Add-on Card Fee- Nil

Product Details

  • 3x Reward Points while spending on Apollo services.
  • 2x Reward Points while spending on movies, dining, and entertainment.
  • 10% Instant Discount at Select Apollo Services.
  • Complimentary Apollo Gold Tier Membership.
  • 1% fuel surcharge waiver at all fuel stations.

Apollo SBI Card – Features and Benefits

Apollo SBI Card is a result of a partnership between SBI and Apollo Hospitals. It is something new in the market that provides the customers with healthcare benefits. This credit card has been specially designed for those individuals who spend on healthcare at the Apollo centres all over the country. This includes getting treatment at the Apollo Hospitals or purchasing medicines or products from the Apollo pharmacies. This credit card is suitable for individuals who get their medical needs fulfilled from the Apollo centres only. The cardholders will get an instant discount on selected Apollo services and accelerated reward points while transacting using their credit card at the Apollo hospitals. The Apollo SBI Card comes with an affordable joining and renewal fees of Rs. 499 which can be waived on the basis of the amount that the cardholder spends using his credit card in an anniversary year.

Welcome Benefits

As a welcome benefit to this credit card, the cardholders will get the following advantages –

  • 500 Reward Points amounting to Rs. 500 on paying the joining fee of the credit card. These reward points will be credited to the cardholder’s account 20 days after he has paid the joining fee on the credit card.
  • Second, the cardholders will get complimentary Apollo Gold Tier Membership. This membership is provided to the cardholders only for the first year. If the cardholder would like to continue this membership to the second year, he will have to spend a minimum of Rs. 75,000 using his credit card at the Apollo Centres in the previous year. If the cardholder fails to spend an amount of Rs. 75,000 or more using his credit card in the previous year, his membership will be downgraded to Apollo Silver Tier Membership.

Dining Benefits

  • With Apollo SBI Card, the cardholders can earn 2x Reward Points for every Rs. 100 spent on dining-related spends.

Fuel Transactions

  • The cardholders will get a fuel surcharge waiver of 1% on fuel transactions between Rs. 500 and Rs. 3,000 at all fuel stations in India.
  • The fuel surcharge waiver amount is capped at a maximum of Rs. 100 in a month.

Spend Based Renewal Fee Waiver

  • The renewal fee of Rs. 499 of the Apollo SBI Card can be waived off if the cardholder spends Rs. 1 Lakh or more using this credit card in an anniversary year.

Zero Credit Card Lost Liability

  • In the unfortunate circumstances where your Apollo SBI Card is lost or stolen, you will not be liable for fraudulent transactions taking place through your card if you inform about the loss or theft of the card on an immediate basis.

Apollo SBI Card – Reward Benefits

Following are the details of the reward points that a cardholder can earn using his SBI Apollo Credit Card.

  • You will get 3x Reward Points for every Rs. 100 spent on all Apollo services.
  • The cardholders can earn 2x Reward Points for every Rs. 100 spent on expenditures related to Dining, Movies, and Entertainment.
  • 1 Reward Point for every Rs. 100 spent on Beauty and Wellness services.
  • You will get 1 Reward Point for every Rs. 200 spent on all other retail transactions except fuel.
  • The cardholders can get up to a 10% Instant Discount at Select Apollo Services.

Reward Redemption

Since SBI Apollo Credit Card is quite different from regular credit cards, the reward redemption procedure of this credit card is also different. The reward points that the cardholders have earned with this credit card can be redeemed by the following methods –

  • You can instantly redeem the earned reward points at POS.
  • You can convert the reward points into health credits.
  • The cardholders can also redeem the reward points against Apollo Vouchers.
  • For the purpose of redemption, 1 Reward Point = Re. 1.

Apollo SBI Card: Fees and Charges

  • The joining fee for the Apollo SBI Card is Rs. 499
  • This card comes with a renewal fee of Rs. 499
  • Apollo SBI Card offers a Foreign Currency markup fee of 3.5%
  • 3.50% per month is the interest rate that is charged on this card. This comes out to be 42% annually
  • The cash advance charges on this card are 2.5% of the transaction amount or Rs. 500, whichever is higher.
  • The cardholders will have to pay a reward redemption fee of Rs. 99 per redemption request.

Eligibility Criteria for Apollo SBI Card

  • Only Indian residents can apply for this card.
  • Both salaried and self-employed individuals, above the age of 18 years can apply for this credit card.
  • The add-on cardholder should at least be 18 years of age to get this card.
  • The cardholder should have a stable source of income.
  • The cardholder must have a good credit score to be eligible for this credit card.

How to apply for Apollo SBI Card

You can apply for this card through both – online and offline modes.

For online mode –

  • Visit the official website
  • Go to the ‘Credit Cards’ Tab
  • Choose ‘Apollo SBI Card’ and then click on apply now
  • You need to fill in all the required details and submit the documents required.

For offline mode –
You can visit the nearest SBI branch and fill in the credit card application form. Attach all the required documents. Submit it to the bank officials, who will then forward it to the credit card department for further processing.


From a pool of credit cards issued by the SBI Card, the Apollo SBI Card is a quite different credit card from regular credit cards. It is one of the best health credit cards in India, giving direct competition to other health-based cards like the YES Bank Wellness Credit Card. This credit card offers some exclusive healthcare benefits to individuals whose go-to brand for health treatments is Apollo. With this credit card, the cardholders can get an instant discount on select Apollo Services and can also avail of additional discounts while paying using their Apollo SBI Card at the Apollo Hospitals. Not only this, but you can also earn reward points while paying for non-fuel transactions as well. Apart from health benefits, this credit card provides some other benefits as well such as amazing welcome benefits, reward points on dining and movie-related spends, fuel surcharge waiver, etc.

With respect to the benefits that this credit card provides, the joining and renewal fee of this credit card is quite nominal, i.e., Rs, 499, which too can be waived off on the basis of the amount the individual spends using the credit card. Launching this credit card was a good initiative by the State Bank of India but the target audience would be quite limited as this credit card will be beneficial only to those who visit Apollo Centres for their medical needs. So, if you are the person who trusts Apollo for health care services, this card is meant for you!

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