South Indian Bank SBI Platinum Card
DowngradeSouth Indian Bank's counter sells this at PRIME's price — and SBI's own fee table waives PRIME, not this.
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
Read the ₹0.4L figure carefully: ₹3,000 of its ₹5,300 gross is a voucher or a hotel night, not points — worth that only if you would have bought it anyway.
Welcome: e-Gift voucher worth ₹3,000 (Yatra, Bata/Hush Puppies, Westside, Aditya Birla Fashion, Shoppers Stop)
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. 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 →
Pays for itself at ₹36,000 a month
At ₹36,000 a month — ₹4,32,000 a year — on the everyday mix this card returns ₹5,000 gross (earn ₹2,000 + milestones ₹3,000) against its ₹2,999 fee = ₹2,000 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 #612
Why #612 The same chassis as the Karur Vysya Platinum and priced like SBI Card PRIME, but with no fee waiver at any spend. The eight lounge visits are the only reason it is on the board at all.
The take
South Indian Bank sells two SBI cards at exactly ₹2,999: this one and SBI Card PRIME. SBI's own MITC waives PRIME's fee at ₹3 lakh of spend and waives this one at nothing, ever. PRIME also adds a ₹7,000 Yatra voucher, a quarterly ₹1,000 Pizza Hut voucher and four complimentary Priority Pass visits abroad. This card counters with 5X on international spends — on a card that charges 3.5% to use abroad — and ₹3,000 vouchers at ₹4 lakh and ₹5 lakh. The eight domestic lounge visits are genuine and currently listed by SBI, which is the only reason this has a page. Everything else about it argues for the card sitting next to it in the same branch.
Your renewal — keep, downgrade or cancel
Here is the fee, the spend that clears it, and everything that has moved under this card since you last decided.
Keep, downgrade or cancel
₹2,999/yr at stake · 5 spend bands
The charge ₹2,999/yr
Break-even ₹36,000 a month — ₹4,32,000 a year — is where this card's value crosses its fee.
At your spend
−₹1,600 a year, net of the fee, at ₹3,00,000 of annual spend
₹5,800 a year, net of the fee, at ₹6,00,000 of annual spend
₹8,600 a year, net of the fee, at ₹12,00,000 of annual spend
₹19,900 a year, net of the fee, at ₹36,00,000 of annual spend
₹31,200 a year, net of the fee, at ₹60,00,000 of annual spend
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
- 8 complimentary domestic lounge visits a year (2 per quarter)
- ₹3,000 welcome e-gift voucher, and ₹3,000 more at each of ₹4L and ₹5L annual spend
- 10 RP per ₹100 (2.5%) on dining, departmental stores and international spends
- Complimentary Priority Pass membership worth US$99
Watch out
- The ₹2,999 fee is NEVER waived — while South Indian Bank's own SBI Card PRIME, at the same ₹2,999, clears at ₹3 lakh
- The Priority Pass membership carries ZERO complimentary visits — US$27 + taxes every entry
- 5X on international spends is undone by the card's own 3.5% forex markup
- Reward Points are fixed at 4 RP = ₹1 and transfer to NO airline or hotel programme
- Since 10 Jan 2026 the 8 domestic visits are restricted to SBI's named 30-lounge 'Set B' list in 18 cities, not the full Visa network
- The 5X rate stops once 7,500 RP have accrued in a month; spend past that earns the base 2 RP per ₹100
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 →
What earns, what doesn't
11 sourced rules · 5 pay zero
2 Reward Points per ₹100 base = 0.5%, 10 per ₹100 on dining, departmental stores and international spend up to 7,500 points a month. The South Indian Bank kit carries no reward-exclusion clause of its own, so every row here is sourced to the Shop-and-Smile register and its dated card lists, which name "SIB SBI Platinum Card" explicitly on each.
- Fuel · excluded Zero points — purchases at petrol pumps and service stations, MCC 5172, 5541, 5542 and 5983
- Rent & property management · excluded Zero points — MCC 6513, discontinued w.e.f. 1 Apr 2024, with "SIB SBI Platinum Card" on SBI's list for that date; MITC adds ₹199 + taxes per rent transaction
- Wallet loads · excluded Zero points — MCC 6540 and 6541, w.e.f. 1 Jul 2020
- Government / tax · excluded Zero points — MCC 9399 and 9311, discontinued w.e.f. 1 Jun 2024, with "SIB SBI Platinum Card" on SBI's list for that date
Does your spend count toward the milestones?
not published — and we say which
₹4,00,000 a year is the bar for the first milestone. 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 South Indian Bank SBI Platinum Card earns and does not earn, but has not published which spend categories count toward the milestones — the ₹4,00,000 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
30 of 793 tracked doors
Gate: Set B list w.e.f. 10 Jan 2026 (30 lounges, 18 cities); no spend-earned extra visits
Opens 30 of 793 tracked lounge doors across 18 airports — see the full map →
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.
Not confirmed on sale — the issuer still documents this card but we could not confirm it is open to new applications. Treat any application path with care.
Branch-sold only, with no online application path in SBI's product record. Karur Vysya Bank sells the identical card under its own name (`sbi-kvb-platinum`) — same fee, same earn, same lounge quota, same vouchers. There is no standalone SBI-branded parent for this chassis, which is why both editions are carried rather than folded into one.
SBI Card publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
per the official SBI Card MITC — figures marked (community) aren't in the PDF; the issuer won't say · filter the board by what you can get →
The fine print
6 of 7 MITC rows published
What the MITC actually says — the rates, fees and cutoffs the brochure skips.
Fee ₹2,999 + taxes at joining and ₹2,999 + taxes on renewal, with NO spend-based waiver — "South Indian Bank SBI Platinum Credit Card 2,999 2,999" sits in the same MITC table as "South Indian Bank SBI Card PRIME 2,999 2,999 (Waived off on annual spends of 3 lakh or more in the preceding year)". Same bank, same price, and only one of them ever stops charging. Add-on cards are free. Branch-sold only; SBI publishes no income or age criteria for it.
per the official SBI Card MITC · reviewed 10 Jul 2026
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 — 3 of them, each with the day we read it
- official Product page — ₹3,000 welcome voucher, 5X on dining/departmental stores/international, 2 domestic lounge visits every quarter
- official MITC — "South Indian Bank SBI Platinum Credit Card 2,999 2,999" with an empty waiver column; 3.5% foreign-currency fee
- official Airport Lounge Access — "South Indian Bank SBI Platinum Card" is listed under "Set B: Eligible Credit Cards" (the ₹2,999 tier)