Apollo SBI Card
SBI Card · Checked 2026-10-09
Apollo SBI Card is a paid card focused on shopping rewards, dining rewards and reward points, charging ₹499 annually before GST.
CardIQ editorial view
Our take
Apollo SBI Card is a paid card focused on shopping rewards, dining rewards and reward points, charging ₹499 annually before GST.
Who it suits
- People who prioritise shopping rewards.
- People who prioritise dining rewards.
- People whose normal usage can recover the annual fee through relevant benefits.
Key strengths
- 3 points per ₹100 at Apollo; 2 per ₹100 on dining and entertainment; 1 per ₹200 on other eligible purchases.
- Points convert to Apollo Health Credits at 1 point = ₹1; these are restricted health rewards.
Trade-offs to understand
- The ₹499 annual fee plus GST needs to be justified by benefits you will actually use.
CardIQ verdict
It deserves a place on the shortlist when your normal spending makes 3 points per ₹100 at apollo; 2 per ₹100 on dining and entertainment; 1 per ₹200 on other eligible purchases valuable enough to clear the fee. Factor in this condition: The ₹499 annual fee plus GST needs to be justified by benefits you will actually use.
Compare before deciding
- IDFC FIRST SWYP — A similarly priced alternative for comparing shopping rewards and reward points.
- Axis Bank MY ZONE — A higher-fee option to compare for broader benefits around shopping rewards and reward points.
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Benefits, limits and conditions
- Points convert to Apollo Health Credits at 1 point = ₹1; these are restricted health rewards.
- Renewal fee reversed at ₹1 lakh annual spend.