SBI Platinum Card (2010)
CancelTwo per cent back on everything you bought abroad — under a markup of three and a half.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Welcome: A bundle of joining vouchers — ₹500 off at HomeShop18 on ₹2,500, ₹100 off at The LOOT, ₹100 back on your first ATM withdrawal within 30 days, plus Fortis and Apollo health discounts
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied. Plus milestones, minus the fee. No accelerator credit — the ranking model on /compare adds ~20% of spend at the card's best accelerator, so its ₹ for this card reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Breaks even only by erasing its fee at ₹9,000 a month
At ₹9,000 a month — ₹1,08,000 a year — on the everyday mix this card returns ₹500 gross (earn ₹500) against a fee of ₹0 — the ₹1,500 is waived, the spend having cleared ₹1,00,000 a year = ₹500 net — the first rung at or above ₹0. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
3 notes on the card itself: how it is issued · the network variants · why it ranks #1109
Why #1109 SBI's mid-generation Platinum: ₹1,500 that a ₹1 lakh spender never actually paid, a point every ₹50 into the gift catalogue, and 2% back on everything you bought abroad — over a 3.5% markup. Carried, not crowned; it had no lounge access at all.
SBI called this programme "power points" in the same breath as "reward points" — the accrual sentence says power points and the redemption block underneath it says reward points twice — and never published a rupee value for one. What it published was the menu: gift vouchers at Tanishq, Nike, Levi's and Hidesign, plus "travel bags, wallets, watches, electronic items and lots more". That is the posted SBI gift catalogue its Reward Points still redeem against at four points to the rupee, so the point is priced at ₹0.25. No airline, no hotel, no transfer partner: the two ways out are the voucher rail and the gift catalogue.
The take
This is the SBI Platinum nobody remembers, and it lasted about four months on the shelf. It sat between the free GE-era Platinum of 2007 and the ₹2,999 Kingfisher-and-Priority-Pass Platinum that replaced it in the autumn of 2010, and its economics were the most straightforward of the three: ₹1,500 to get it, ₹1,500 a year, and the annual fee reversed outright if you put ₹1 lakh through it in the preceding year. At ₹8,333 a month that is a bar most cardholders cleared, so for the target reader this was effectively a free card with a paid gate. The earn was one reward point for every ₹50 — two points per hundred rupees, half a per cent against SBI's four-points-to-the-rupee gift catalogue. That is exactly the rate the ₹2,999 successor pays on base spend, for half the fee, which is the honest way to place this card in its own family. What made it interesting was the foreign spend. "Your SBI Platinum card now offers 2% cash back on any purchase you make while traveling abroad" — a rebate rather than points, on a card that still charged the full 3.5% conversion markup. The two do not cancel: a foreign purchase cost 1.5% net, which was better than the Indian norm and worse than free. It is also the only travel economics on the card, because there is no lounge clause of any kind on the page — the airport access that defines every later SBI Platinum arrived with the generation that replaced this one. The rest was a proper premium bundle for 2010: a 24-hour, 365-day concierge run by International SOS that would book flights, hotels, cars, limousines, movie tickets and flowers; Visa Platinum dining privileges at "hundreds of restaurants spread across the world"; and a fuel surcharge waiver that ran to ₹4,000 a transaction where SBI's other cards stopped at ₹3,000. Joining threw a handful of vouchers at you — ₹500 off HomeShop18, ₹100 off The LOOT, ₹100 back on your first ATM withdrawal, health-check discounts at Fortis and Apollo. It is carried and not crowned because of where the points went, which is nowhere: a closed gift catalogue with no airline, no hotel and no transfer partner at the end of it. And the money side was ordinary — extended credit at up to 3.10% a month, an APR of 37.2%, with cash advances billed from day one.
Your renewal — keep, downgrade or cancel
This card reaches break-even by ERASING its fee, not by out-earning it: the waiver is the decision.
Keep, downgrade or cancel
₹1,500/yr at stake · 5 spend bands
The charge ₹1,500/yr
The waiver ₹1,00,000 of spend in the year before renewal — about ₹8,333 a month — and the renewal fee is not charged.
Break-even ₹9,000 a month — ₹1,08,000 a year — is where this card's value crosses its fee, and it gets there by erasing the fee at the waiver rather than out-earning it.
At your spend
₹1,500 a year, net of the fee, at ₹3,00,000 of annual spend — this clears the waiver, so no fee is charged
₹3,000 a year, net of the fee, at ₹6,00,000 of annual spend — this clears the waiver, so no fee is charged
₹6,000 a year, net of the fee, at ₹12,00,000 of annual spend — this clears the waiver, so no fee is charged
₹18,000 a year, net of the fee, at ₹36,00,000 of annual spend — this clears the waiver, so no fee is charged
₹30,000 a year, net of the fee, at ₹60,00,000 of annual spend — this clears the waiver, so no fee is charged
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
SBI Card publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and the numbers above are the whole of it.
What has changed under this card
- 3 Aug 2026 SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programme issuer-wide
- 31 Mar 2026 SBI kills both Etihad Guest co-brands and force-swaps holders into MILES issuer-wide
- 10 Jan 2026 SBI Card splits domestic lounges into tiers, adds entry fees issuer-wide
We price what is in force today — a change that has not happened yet is not in these numbers. the full archive for this card →
If you call to cancel
What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →
The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.
What's good
- The annual fee reversed outright on ₹1 lakh of annual spend — SBI's own footnote, and a bar most holders cleared
- 2% cash back on every purchase made abroad, which netted foreign spend down to about 1.5% after the markup
- One reward point per ₹50 — two per ₹100, worth 0.5% against SBI's gift catalogue
- A 24-hour, 365-day concierge run by International SOS: flights, hotels, car hire, limousines, movie tickets and gifting
- Visa Platinum dining — complimentary aperitifs and desserts, special menus and private dining at hundreds of restaurants worldwide
- 0% fuel surcharge on single transactions from ₹500 to ₹4,000, where SBI's other cards stopped at ₹3,000
- Joining vouchers worth ₹700 of straight discounts plus Fortis and Apollo health-check offers
Watch out
- WITHDRAWN — this generation was replaced on its own URL by the autumn of 2010, and no plain SBI Platinum Card appears anywhere in SBI's live 67-card catalogue
- NO LOUNGE ACCESS OF ANY KIND — the Priority Pass and Visa lounge programme that define every later SBI Platinum arrived with the card that replaced this one
- The 2% foreign cash back sat UNDER a 3.5% conversion markup, so spending abroad still cost about 1.5% net
- 0.5% into a gift catalogue that reached no airline and no hotel — the exit is vouchers and merchandise
- The fuel surcharge waiver was capped at ₹100 a month per account, so it was worth at most ₹1,200 a year
- Extended credit ran up to 3.10% a month — an APR of 37.2% — from the transaction date, and cash advances carried the same rate from day one with no free period
- Cash advances cost 2.5% or ₹300 whichever is higher at domestic ATMs, and 3% or ₹300 abroad, capped at ₹15,000 a day
- Late payment ran to ₹700, over-limit was 2.5% with a ₹500 minimum, and even redeeming your rewards cost ₹99
What these points actually fly
No live transfer route takes SBI Reward Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.
what the cards that DO reach a chart can fly — 2,196 corridors priced →
Does your spend count toward the fee waiver?
not published — and we say which
₹1,00,000 a year is the bar that waives the ₹1,500 fee. A different question from the one above — earning points and counting toward a threshold are separate rules, and issuers write them separately.
Not published. SBI Card states what the SBI Platinum Card (2010) earns, but has not published which spend categories count toward the fee waiver — the ₹1,00,000 bar. We won't guess it from the earn table or from a sibling card: Axis published three cards' rules on one day and all three lists differed. If you hold this card and have it in writing from the issuer, send us the document and we'll source it.
Lounge access
0 of 793 tracked doors
No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →
Can you get it?
the route in — no cutoffs published
The cutoffs and the actual route in — not the "apply now" button, the door that opens.
Closed to new applications — existing cardholders keep the card; there is no way in.
You cannot. SBI's own live product catalogue lists 67 cards and no plain SBI Platinum Card among them, and this generation had already been replaced on its own page by November 2010. The name survives today only on co-brands — Air India SBI Platinum, IRCTC SBI Platinum and two bank partnerships — which are different products, on this board separately.
SBI Card publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
8 dated changes
Devaluations and buffs that touch this card directly, its issuer, or the points and programs it earns and transfers to. Every one is dated here; the tracker carries each one's before → after and the write-up.
- 3 Aug 2026SBI drops Etihad Guest from the MILES transfer table — the last SBI door into the programmeSBI Card Travel Credits transferred 1:1 into Etihad Guest, one of eighteen airline partners in §3 of the MILES rewards T&C. At the ₹1/partner-mile anchor that was a full-value exit, and it was the only route left after the two Etihad Guest SBI co-brands were retired. → No Etihad route at all. The MILES rewards T&C now lists seventeen airline partners and Etihad is not one of them — the word does not appear anywhere in the seven-page document. Every other SBI partner survives at the same ratio.
SBI Card's own MILES rewards T&C, re-fetched on 22 August 2026 and carrying a 3 August 2026 ModDate inside the PDF, has one fewer airline in it than the edition this desk read on 2 August. The deletion is provable from the numbering rather than from absence alone: the table's first seven rows are unchanged (Air Canada 3, Air France-KLM 4, Air India 5, British Airways 6, Cathay 7), and every row from position eight onward has moved up exactly one — Thai from 14 to 13, Qantas from 17 to 16. Position eight was Etihad Airways / Etihad Guest / 1:1. All twenty-four other partners we carry, airline and hotel, are still there at the same ratios, so this is Etihad being dropped and not SBI narrowing transfers. The timing matters more than the ratio. SBI phased out the Etihad Guest SBI and Etihad Guest SBI Premier cards from December 2025 and reissued holders onto MILES products, and the transfer route was what made that migration survivable — a Premier holder who had spent six years earning Etihad miles could keep feeding the same account through Travel Credits. That is now closed, and India's remaining pipes into Etihad Guest run through BOBCARD's Etihad co-brands, not through SBI. If you hold SBI Travel Credits earmarked for an Abu Dhabi business seat, they are Aeroplan, Flying Blue, Avios or Maharaja points now. ON THE DATE: SBI publishes no notice and no cut-off. The date here is the day the desk read the change out of SBI's own document; the PDF's internal ModDate puts the edition at 3 August 2026, which is the earliest day we can prove, not an announcement.
- 1 Jul 2026PhonePe SBI SELECT BLACK stops paying on UPI outside PhonePe
- 1 Jul 2026PhonePe SBI PURPLE stops paying on UPI outside PhonePe
- 31 Mar 2026SBI kills both Etihad Guest co-brands and force-swaps holders into MILES
- 9 Mar 2026Paytm SBI Card stops earning on school and education spends
- 9 Mar 2026Paytm SBI Card SELECT stops earning on school and education spends
- 10 Jan 2026SBI Card splits domestic lounges into tiers, adds entry fees
- 1 Dec 2025SBI discontinues the OLA Money card and moves holders onto a house card
Every SBI Card change we've dated → 19 events since 1998, 13 of them nerfs — worst year 2025.
Verified against SBI Card's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official SBI Card's own SBI Platinum Card page, July 2010 — the ₹1,500 fee pair, the ₹1 lakh fee reversal, the one-point-per-₹50 accrual and the 2% foreign cash back
- official The same page three months later (archived 09-Oct-2010) — the ₹1,500 pair and the one-point-per-₹50 accrual unchanged, on the last capture before the card was replaced
- official The same URL five years on (archived 15-Oct-2015) — SBI's own sentence dividing this card from its successor, and the ₹2,999 fee table that replaced the ₹1,500 one
- official SBI's own live product catalogue — 67 cards, and no plain SBI Platinum Card among them