SBI AURUM Credit Card
The SBI Aurum Credit Card is a super-premium, invite-only card launched by SBI Card. It has a stylish black and gold metallic design and offers many high-end features. This card gives benefits like free access to international airport lounges, 24/7 concierge service, flight cancellation cover, and low foreign transaction fees. You also get free memberships to Club Marriott, Mint, and The Wall Street Journal. On reaching certain spending milestones, you can earn gift vouchers from brands like Tata CliQ Luxury, Apple, and Taj. It’s designed to compete with other premium cards like HDFC Infinia, ICICI Emeralde Private, and American Express Platinum.
This card is best for people who spend a lot using their credit card and want to enjoy luxury experiences. If you mostly use one card for all your major purchases, the Aurum card can be very rewarding. However, if you already use other credit cards for most of your spending, this SBI AURUM Credit Card may not give you full value. Before choosing it, it's a good idea to compare its features with other similar premium cards to see which one fits your needs best.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
SBI AURUM Credit Card: Key Features, Benefits & Charges
The SBI AURUM Credit Card is a premium credit card offered by SBI Card. This card is mainly made for people who travel often, spend a lot through credit cards, and want luxury benefits like airport lounge access, movie tickets, golf benefits, reward points, and concierge services.
The card comes with a high annual fee, but it also offers many premium benefits that can help frequent users save money and enjoy better travel and lifestyle experiences.
SBI AURUM Credit Card Welcome Benefits
When you get the SBI AURUM Credit Card, you receive several welcome benefits.
Welcome Offers
- 40,000 Reward Points worth ₹10,000
- Free 1-year membership of: Club Marriott, Wall Street Journal, Mint
- One-year free access to Angel Investor Network
These benefits are useful for people who enjoy premium memberships and travel benefits.
Travel Benefits of SBI AURUM Credit Card
Travel benefits are one of the biggest highlights of this card.
Airport Lounge Access
- Get 4 free airport lounge visits in India every 3 months
- Unlimited international airport lounge access
- 1 free guest lounge visit every quarter
- Free spa access at select domestic airports
These benefits can make airport travel more comfortable and relaxing.
Flight Cancellation Cover
The card also gives protection during flight cancellations:
- Up to ₹3,500 for refundable tickets
- Up to ₹3,000 for non-refundable tickets
- Benefit available 2 times every year
Movie and Entertainment Benefits
If you watch movies regularly, this card also offers entertainment benefits.
Movie Ticket Offer
- 4 free movie tickets every month through BookMyShow
- Maximum value of ₹250 per ticket
- Maximum 2 tickets can be booked at one time
Golf and Lifestyle Benefits
The SBI AURUM Credit Card also offers premium lifestyle services.
Golf Benefits
- 16 free golf rounds every year
- 12 free golf lessons annually
Concierge Service
Cardholders get 24×7 concierge support for:
- Flight booking
- Hotel booking
- Restaurant reservations
- Gift delivery assistance
This service works like a personal assistant for travel and lifestyle support.
Reward Points on SBI AURUM Credit Card
The card gives Reward Points on every eligible transaction.
Reward Earning
- Get 4 Reward Points on every ₹100 you spend
Reward Value
- 4 Reward Points = ₹1
Reward Points can be used for:
- Flight bookings
- Hotel bookings
- Gift vouchers
The card also allows transfer of Reward Points to airline and hotel loyalty programs.
SBI AURUM Credit Card Fees and Charges
Here is a simple table explaining the important fees and charges of the card:
| Feature | Details |
|---|---|
| Joining Fee | ₹9,999 + taxes |
| Annual Fee | ₹9,999 + taxes |
| Annual Fee Waiver | On yearly spending above ₹12 lakh |
| Reward Rate | 1% |
| Foreign Currency Fee | 1.99% |
| Interest Rate | 3.75% per month |
Real Example
Suppose a person spends around ₹1 lakh every month on shopping, travel, dining, and hotel bookings using this card.
In one year, they may get:
- Free airport lounge access many times
- Free movie tickets every month
- Premium hotel and shopping vouchers
- Reward Points on spending
- Travel support and concierge service
For frequent travelers and high spenders, these benefits can help recover the annual fee easily.
Who Should Use SBI AURUM Credit Card?
This card is best for:
- Frequent travelers
- High-income individuals
- Business owners
- People who spend heavily using credit cards
- Users looking for luxury benefits
This card may not be suitable for low spenders because of its high annual fee.
SBI AURUM Credit Card Eligibility
The SBI AURUM Credit Card is an invite-only card. This means you cannot apply for it directly like normal credit cards. Usually, SBI may offer this card to people who have:
- High income
- Excellent credit score
- Good relationship with the bank
- High spending history
Most eligible users generally earn above ₹40 lakh annually.
SBI AURUM Credit Card Review
The SBI AURUM Credit Card is a good option for people who want premium travel and lifestyle benefits. It offers airport lounge access, golf privileges, movie tickets, concierge services, insurance protection, and reward points.
Although the annual fee is high, regular travelers and high spenders can get good value from the card by using its premium benefits properly.
How much will I be charged if I take out cash using the SBI AURUM Credit Card?
If you use the card to withdraw cash, a fee of 2.5% of the amount or ₹500 will be charged, whichever is higher.
Can I apply for the SBI AURUM Credit Card on my own?
No, you can't apply directly. This is an invite-only card offered to select customers.
What is the reward value offered on the SBI AURUM Credit Card?
For every ₹100 you spend using the card, you’ll earn 4 reward points. Since each point is worth ₹0.25, your total reward value is 1%.
How can I use the reward points from my SBI AURUM Credit Card?
You can redeem your points on the AURUM Rewards portal for things like flight bookings, hotel stays, or gift vouchers.
Which free memberships are included with the SBI AURUM Credit Card?
You’ll get free memberships to Club Marriott, Mint, and The Wall Street Journal with this card.
How much extra do I have to pay when I use my card for purchases in a different currency?
Whenever you use the card for payments in a foreign currency, a charge of 1.99% will be added to the total amount.
What is the least amount of income you must have to be eligible for the SBI AURUM Credit Card?
To be eligible, your annual income should be at least ₹40 lakh.
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