Cards · SBI Card

SBI Card PULSE: rewards, caps and exclusions

The SBI Card PULSE pays about 2.5% on Food, Entertainment, Health, Shopping, on the first ₹75,000 of spend a month, and 0.5% on everything else. Below is every rate, cap and exclusion in SBI Card's published terms, as we last checked them on 9 October 2026.

Visa, Mastercard₹1,499 a yearPaid in points

What it earns

≈2.5%Food, Entertainment, Health, Shoppingon the first ₹75,000 of spend a month

≈0.5%Everything elseno cap stated

≈ marks a rate paid in points, valued at ₹0.25 a point. That is Zenidhi's conservative valuation, the same one the audit uses: the cheap end of what the points can be redeemed for, never the best transfer. Redeemed well, they can be worth more.

What earns nothing

Spend in these categories earns no rewards on this card, however it is paid for:

Fuel
Wallet loads (since 1 July 2020)
Rent (since 1 April 2024)
Government payments (since 1 June 2024)
Gaming (since 1 December 2024)

What costs extra

Worse than earning nothing: SBI Card charges a fee for these.

1% on Utility Payment Fee
1% on Fee on Education Payment Transactions (third-party apps)

Milestones

In SBI Card's own words:

Netmeds e-gift voucher worth ₹1,500 on annual retail spends of ₹4 Lakhs (eligible year = the fee year from account opening) → ₹1,500 Netmeds voucher

Fees

Annual fee: ₹1,499, plus 18% GST
Joining fee: ₹1,499
Annual fee waived on ₹2,00,000 of spend in a card year

Welcome benefit: Noise ColorFit Pulse 4 Pro smartwatch e-voucher (product page: "worth Rs. 7,999") + FITPASS PRO + Netmeds First, 1 year each, renewed each card year on paying the joining fee.

Where this comes from

Transcribed from SBI Card's own documents and checked against them on 9 October 2026:

Banks change these terms, sometimes with a month's notice. If a figure here disagrees with SBI Card's current document, the bank's document is right. Tell us at support@zenidhi.com and we'll fix the rule, here and in the app.

Hold this card?

Zenidhi reads your SBI Card statements and transaction alerts in Gmail, replays every swipe against the rules on this page, and shows you what you missed, and which card in your wallet to use next time. Get my audit · How the audit works