Is sbi pulse credit card is worth it???



Welcome Benefits

  • Get a Noise ColorFit Pulse 2 Max Smart Watch worth Rs. 5,999 on payment of joining fee.
    • The SBI Card PULSE customer will be eligible for their e-voucher to get exclusive NOISE ColorFit Pulse 2 Max Smartwatch on payment of joining fee.
    • E-Voucher to eligible card holders will be sent within 45 days of eligibility calculation through Email or SMS.
    • The Voucher Code cannot be used for any other product available on the Noise Website/App. It could only be redeemed for the NOISE ColorFit Pulse 2 Max Smartwatch.
Health Benefits
  • Enjoy 1 year complimentary FITPASS PRO Membership, to be received every year, on card renewal.
  • Enjoy 1 year complimentary Netmeds First Membership, to be received every year, on card renewal.
Reward Points
  • Enjoy 10 Reward Points per Rs. 100 spent on Chemist, Pharmacy, Dining and Movies spends.
  • Earn 2 Reward Points per Rs. 100 spent on all your other spends.
    • Pay your card outstanding with Reward Points. 4 Reward Points = Rs. 1 (1 Reward point = Rs 0.25 ).
    • You can also redeem your Reward Points against a host of options from the Reward Catalogue.
Milestone Benefits
  • Waiver of Renewal Fee on annual spends of Rs. 2 Lakhs.
  • Get Rs. 1500 E-Voucher on achieving annual retails spends of Rs. 4 Lakhs.
Comprehensive Insurance Cover
  • Avail Fraud Liability Insurance Cover of Rs. 1 lakh.
  • Air Accident Cover of Rs. 50 lakh.
  • Loss of check-in baggage up to Rs 72,000 (1000 USD).
  • Delay of check-in baggage Rs 7,500.
  • Loss of travel documents up to Rs 12,500.
  • Baggage Damage- Cover up to Rs. 5000.
Lounge Benefits
  • Complimentary 8 Domestic Lounge visits (Restricted to 2 per quarter).
  • Complimentary Priority Pass Membership worth US $99 (8224 rupees) for the first two years of cardholder membership.
Annual Fee and charges
  • One-time: Rs. 1,499 + Taxes
  • Renewal Fee (per annum): Rs. 1,499 + Taxes
  • The finance charges applicable on this credit card are 3.5% per month or 42% annually.
  • The cash advance fee on the SBI Card Pulse is 2.5% of the cash amount (minimum of Rs. 500). (This fee is charged when you withdraw cash using your credit card.)
  • The foreign currency markup fee on this card is 3.5% of the transaction amount. (Whenever you make a transaction in a different currency, you will have to pay this fee.)
1% Fuel Surcharge waiver
  • 1% Fuel Surcharge waiver for each transaction between Rs. 500 and Rs. 4,000.
  • Maximum Surcharge waiver of Rs. 250 per statement cycle, per credit card account.
Eligibility Criteria
  • Citizenship: You must be an Indian citizen.
  • Age: You must be between 21 and 60 years old.
  • Annual income: You must have a minimum annual income of ₹2 lakhs.
  • Employment: You must be employed with a reputed organization or be self-employed with a stable income.
  • Credit score: You must have a good credit score. SBI Card does not specify the minimum credit score required, but generally, a score of 750 or above is considered good.
Add-on Cards
  • With SBI Card PULSE, you can empower your family with add-on cards for your parents, spouse, children or siblings above the age of 18.
Overall Verdict
The SBI Card Pulse is an excellent choice for health-conscious individuals seeking an affordable, decent reward rate and other benefits.
How do you pay your joining fee and renewal fee here. Does it get added to your bill or do we pay separately?
Also, what if I don't wish to pay renewal fee (considering I haven't spent 2 Lac on the card); does my card get closed?