Landmark Rewards SBI Card SELECT

by SBI • Visa / Mastercard

Complete Benefits & FAQs

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“Co-branded Landmark Group card focused on shopping rewards. The fee structure is clever — ₹1,499 fee but 6,000 RP (₹1,500) credited on each payment, so effectively free. 15 RP/₹100 at Landmark stores = 3.75% is strong for a co-branded card. Dining/movies/international at 10 RP/₹100 = 2.5% is solid. Base 2 RP/₹100 = 0.5% is weak. ₹99 redemption fee is annoying. Milestone at ₹3L gives 12K RP (₹3K). Insurance being discontinued Jul 2025 across all SBI cards. No lounge access (confirmed by user). Late payment tiers are lower amounts than SBI Cashback (₹100/₹400/₹500/₹600/₹750 vs ₹400/₹750/₹950/₹1100/₹1300) — possibly older data, verify via MITC. Fuel range ₹500–₹3K with ₹100/cycle cap — same as SBI Cashback.”

Fee Waiver: No spend-based fee waiver — but 6,000 RP (= ₹1,500) credited on each fee payment, effectively making it free

Best suited for

🎯 Frequent Landmark Group shoppers (Lifestyle, Max, Home Centre, Spar) — 3.75% effective rate🎯 Dining and movie enthusiasts — 2.5% effective rate🎯 Users who want fee neutralized by welcome/renewal RP (₹1,500 RP vs ₹1,499 fee)🎯 Shoppers wanting instant in-store RP redemption at Landmark stores🎯 Users wanting milestone bonus at ₹3L annual spend

Welcome & Onboarding Perks

•6,000 bonus Reward Points (= ₹1,500) on payment of annual fee
•Credited within 30 days of annual fee payment
•Effectively covers the ₹1,499 fee

Spend Milestone Rewards

🎯 Spend: ₹3,00,000 overall annual retail spends12,000 bonus Reward Points (= ₹3,000)
Annual milestone. Cumulative milestone benefits can reach up to 34,400 RP (₹8,600).

Airport Lounge Privileges

DomesticNone (confirmed — not listed in card features)

InternationalNone

Dining Offers

Reward Rates

Landmark Stores (Lifestyle/Max/Home Centre/Spar) — 15RP

up to 3.8%

Dining/Movies/International — 10RP

up to 2.5%

Base Spends

up to 0.5%

Surcharges & Waivers

Forex Markup3.50% of transaction value + taxes

Interest Rate3.75% per month (45% per annum)

Fuel Surcharge Waiver

Waiver %1%

Cap / cycle₹100 per statement cycle per credit card account

Transaction range₹₹500 – ₹₹3,000

Eligibility Requirements

Salaried

Age21 to 70 years

IncomeStable regular income (salaried or self-employed), no specific minimum stated

Note: Criteria are indicative; bank reserves right to approve/decline.

Documents Required

•PAN card photocopy or Form 60
•Proof of income — Latest payslip / Form 16 / IT return
•Residence proof — Passport / Ration Card / Electricity bill / Landline telephone bill

Key Highlights

✓Contactless payments (Visa PayWave) — unique security key prevents double-charging

✓Worldwide acceptance at 24M+ Visa/MC outlets, 3.25L+ in India

✓Add-on cards for family (18+)

✓Cash withdrawal from 1M+ ATMs globally

✓Utility bill payment via Easy Bill Pay

✓Balance Transfer on EMI — transfer other bank CC outstanding at lower rates

✓Flexipay — convert ₹2,500+ purchases into EMI within 30 days

Frequently Asked Questions

Ready to apply for Landmark Rewards SBI Card SELECT?

Annual fee: ₹1,499 + GST

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