Credit Card Reviews Credit Cards

SBI Signature Credit Card Review

sbi signature card

2016 Review of SBI Signature Card 

Apply HereThe SBI Signature Card comes across as an ideal credit card for shopaholic travelers as it is loaded with value added offers that let you shop and save intelligently at the same time. The joining fee of SBI Signature is 4999 INR. However, you receive a welcome gift worth 5000 INR which in a way means that you get the credit card for free. The annual fee of the SBI Signature Cars is 4999 INR. Though, it may seem the annual membership charges are high, the perks and benefits you get clearly outweigh the expenses.

Here are the key details about this card.

Sign up gift

When you sign up for the SBI Signature card, you receive several gifts. As a proud owner of SBI Signature Card, you are entitled to receive a welcome gift of Rupees 5000 or more.  SBI provides you an option to select your welcome gift.  The list of exclusive gifts include the following

One Full Fare ticket from Indigo airlines worth 7000 INR

Gift Vouchers from Shoppers Stop, Jabong, Lifestyle and Raymond’s worth 5000 INR from any one brand.

Global Acceptance

The SBI Signature Card allows cash withdrawal from any 1 million + Visa ATM’s worldwide. Besides that the SBI Card is also accepted at over 2,85,000 outlets in India and more than 2 million Visa outlets worldwide.  There is no doubt the wide acceptability of the credit card comes as a blessing when you are a shopaholic traveler.

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Best Rewards Scheme

Rewards on your credit card spend gives you the opportunity to save while you spend. The SBI Signature card offers an attractive Rewards scheme that make shopping a rewarding experience. You get 2 Rewards point on every 100 Rs spent and 5 Rewards point on departmental stores, grocery, dining and international spends.  You also get fuel surcharge waiver of maximum 250 INR per month when you use the credit card for purchase of fuel at petrol pumps.  If that does not seem enough, you also receive 10,000 bonus rewards points if the annual spend is anywhere in between 1 lakh to 4 lakhs. If the annual spend is 5 lakh or more, you get 20,000 bonus reward points.  You also earn reward points when you pay electricity bill and other utility bills using the card.

Unique Cash point scheme

Cash point scheme is different to Rewards Scheme described above.  You earn 2 Cash Points on every 100 rupees spent. You can use these Cash Points to pay your credit card bill or redeem attractive gifts from the Signature Book of Rewards.


Best Travel offers.

As an owner of SBI Signature card, you get a discounted stay up to 75% at more than 55,000 hotels and villas across the world.  You get 10% discount on Hertz Car Rental program and 30% discounted green fees at 300 golf clubs worldwide. The SBI Signature Card also gives you some exclusive benefits at 900 luxury hotels worldwide.

Enhanced Security 

The risk of your credit card being stolen or lost is a serious one, as lost card can lead to financial loss. Taking this concern into consideration, SBI Signature card offers an extensive Fraud Liability cover of Rs 1 lakh.  Your SBI Signature credit card is protected against counterfeiting and skimming by use of an advanced chip and PIN enabled security mechanism. SBI also offers emergency replacement card option to avoid inconvenience to its SBI Signature card users. This facility is available even when you are traveling abroad.

Complimentary Elite Priority Pass program

SBI Signature card provides its users complimentary membership to the Elite Priority Pass program worth $99.  The membership entitles the card owner access to Visa lounges in India and abroad through Visa Airport Lounge Access program.

Cashback on movie tickets

As a proud owner of SBI Signature card, you are entitled to receive Rupees 500 off on booking tickets through every month.

Other benefits 

The SBI Signature card gives you host of other benefits such as Flexipay where you can convert your high value purchase into EMI purchase. All you need to do is call the customer care and ask them to convert the purchase into EMI purchase.


There are no doubts that the SBI Signature Card offers more benefits and convenience when shopping online and offline. Though the annual membership is a little high, majority of the shopaholic customers shouldn’t mind the annual fee, given the monetary benefit the card provides.



Viveka Rao

About Viveka Rao

Viveka Rao is post grad in finance and a freelance writer here at CreditSmart. A love for shopping and travel rewards has fueled her interest in personal credit, and making the most of rewards programs. She writes to educate other consumers in making great financial choices.

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