Apollo SBI Credit Card

Following the worldwide spread of COVID-19, individuals have gained a profound understanding of the necessity to prioritize their well-being. Despite the abundance of credit cards in the market, those that provide benefits focused on health are scarcely available. In recognition of this need, SBI Card has partnered with Apollo Hospitals to introduce the Apollo SBI Credit Card, specifically tailored to provide healthcare benefits to its cardmembers. This unique credit card not only grants cardholders exclusive discounts and rewards on Apollo Services and Apollo Hospitals but also enables them to accumulate reward points on all other transactions made with the card. As an enticing welcome gesture, cardholders receive a complimentary Apollo Membership and bonus reward points upon acquiring this credit card.

Key Highlights of Apollo SBI Credit Card

  • Joining Fees: Rs 499
  • Annual Fees: Rs 499
  • Should be an Indian resident
  • Minimum age of 18 years
  • Must be salaried or self employed
  • Possess last 3 months bank statements

Features and Benefits of Apollo SBI Credit Card

Below are the main highlights outlining the features of the Apollo SBI Credit Card succinctly:

1. Welcome Gift:

  • Complimentary Apollo Silver Tier Membership.
  • Upon paying the joining fee, you’ll earn 500 rewards points.
  • Note that the 500 reward points will be credited to the card account within 20 days of card activation.

2. Reward Point Benefits:

  • Earn double reward points for every Rs.100 spent on movies, dining, and entertainment.
  • Get one reward point for every Rs.100 spent on beauty and wellness services.
  • Receive one reward point for every Rs.200 spent on non-fuel retail purchases.
  • Enjoy triple reward points for every Rs.100 spent on Apollo services.

3. Discount Benefits:

  • Receive up to 10% instant discount at select Apollo services.

4. Fuel Surcharge Waiver:

  • Enjoy a 1% fuel surcharge waiver at all petrol outlets in India.
  • The maximum limit for surcharge waiver is Rs.100 per month.

5. Spend-Based Fee Reversal:

  • To avoid paying the annual fee starting from the following year, simply exceed Rs. 90,000 in expenses within the span of a calendar year.

6. Worldwide Acceptance:

  • This card is usable in more than 24 million locations worldwide, and in India alone, it’s accepted at over 325,000 outlets.

7. Add-on Cards:

  • Feel free to include additional cards for your parents, spouse, siblings, or any children who are over 18 years old.

8. Utility Bill Payment:

  • Effortlessly settle your utility bills with the convenient Easy Bill Pay feature offered by the Apollo SBI Credit Card.

9. Flexipay:

  • Transform purchases exceeding Rs. 2,500 into convenient monthly payments using the sbicard.com platform within 30 days of the transaction.

10. Easy Money Facility:

  • Acquire drafts or cheques using the cash limit at hand and arrange for their delivery straight to your doorstep via the sbicard.com platform.

11. Balance Transfer on EMI:

  • Transfer balances from other cards and make payments on easy EMIs.

12. Contactless Advantage:

  • The card features contactless technology for secure and convenient transactions without needing to provide a PIN or swipe the card.

Apollo SBI Credit Card Fees and Charges

  1. Joining Fee: Rs. 499 + GST
  2. Renewal Fee: Rs. 499 + GST (Fee reversed on an annual spend of Rs. 90,000 or more)
  3. Finance Charges: 3.50% per month [42% per annum]
  4. Late Payment Charges (Based on Statement Balance):
  • Less than Rs. 500 – Nil
  • Rs. 500 up to Rs. 1,000 – Rs. 400
  • Rs. 1,000 up to Rs. 10,000 – Rs. 750
  • Rs. 10,000 up to Rs. 25,000 – Rs. 950
  • Rs. 25,000 up to Rs. 50,000 – Rs. 1,100
  • Amount over Rs. 50,000 – Rs. 1,300

Eligibility criteria for the Apollo SBI Credit Card

  1. Indian residency is a requirement.
  2. Minimum age of 18 years is necessary.
  3. Applicants should be either salaried or self-employed.
  4. Submission of the last 3 months’ bank statements is mandatory.
  5. A good credit score is also essential, so it’s advisable to check your free credit score before applying for a credit card.

Documents Required for Apollo SBI Credit Card

1. Identity Proof (Choose one):

  • PAN Card
  • Aadhaar Card
  • Voter ID
  • Driving License
  • Passport

2. Residence Proof (Choose one):

  • Aadhaar Card
  • Voter ID
  • Driving License
  • Passport
  • Utility Bill

3. Evidence of Earnings (Varies according to your job situation):

  • For Salaried individuals: Latest salary slips
  • For those who work for themselves: Provide your Income Tax Returns for the past 2-3 years along with your balance sheet.
  • Passport size photographs
  • A duly signed and completed application form

How to apply for Apollo SBI Credit Card

1. Online Mode:

  • Visit the official website www.sbicard.com.
  • Navigate to the ‘Credit Cards’ tab.
  • Select ‘Apollo SBI Card’ and click on ‘Apply Now.’
  • Provide all essential information and furnish the requested paperwork without repetition.

2. Offline Mode:

  • Visit your nearest SBI branch.
  • Obtain and fill out the credit card application form.
  • Please ensure that you include all the required documents according to the specified criteria.
  • Submit the completed application and documents to the bank officials at the branch.
  • The bank staff will transmit your application to the credit card division for additional processing.

Frequently Asked Questions (FAQs)

  1. What exactly is the Apollo SBI Credit Card?

The Apollo SBI Credit Card is a collaborative offering from State Bank of India (SBI) and Apollo Hospitals, designed to provide a suite of benefits and perks tailored for those seeking health and wellness privileges.

  1. How do I go about applying for the Apollo SBI Credit Card?

To apply for the Apollo SBI Credit Card, you have the option to either apply online via the official SBI Card website or visit your nearest SBI branch. The application process typically entails filling out an online form, submitting necessary documents, and undergoing a credit evaluation.

  1. What standout features does the Apollo SBI Credit Card offer?

Key features of the Apollo SBI Credit Card include discounts on health services at Apollo Hospitals, reward points on both medical and non-medical expenses, fuel surcharge waivers, and additional lifestyle benefits. It’s prudent to stay updated with the latest terms and conditions as features may evolve.

  1. Can I accumulate rewards on purchases beyond medical expenses with this card?

Absolutely. With the Apollo SBI Credit Card, you can earn reward points on all eligible transactions, whether medical or non-medical. These points can be redeemed for a variety of perks such as gift vouchers, merchandise, or statement credits.

  1. Is there an annual fee tied to the Apollo SBI Credit Card?

While credit card terms, including annual fees, can change, it’s advisable to review the latest fee structure provided by SBI Card during the application process or by reaching out to their customer service.

  1. How can I keep track of my Apollo SBI Credit Card balance?

You can monitor your Apollo SBI Credit Card balance through various avenues such as online banking, mobile apps, SMS alerts, or by contacting SBI Card’s customer service helpline. These details are typically furnished in your welcome kit or on the official website.

  1. Are there any discounts offered on Apollo Hospital services with this card?

Yes, the Apollo SBI Credit Card often extends discounts on health check-ups, diagnostics, and other medical services at Apollo Hospitals. It’s wise to stay informed about the latest promotions and partnerships to avail of these benefits.

  1. Can I convert substantial purchases into EMIs with this card?

Indeed, SBI Credit Cards typically provide the option to convert significant purchases into convenient monthly installments. The specifics of EMI conversion may vary, so it’s best to check with the card issuer for detailed information.

  1. How can I reach out to customer support for assistance with my Apollo SBI Credit Card?

You can easily get in touch with SBI Card’s customer support via the helpline number provided on the back of your credit card or on their official website. Additionally, relevant contact details may be found in your monthly statements or welcome kit.

  1. Is it possible to monitor my reward points and transactions online?

Yes, SBI Card offers online access to your credit card account, enabling you to track transactions, view statements, check reward points, and manage your card digitally through their official website or mobile app. Simply register for online banking to take advantage of these services.