Apollo SBI Card
The Apollo SBI Card is a ₹499 entry-level health co-brand that pays 3X Reward Points per ₹100 (~3%) on Apollo services, stacked with up to 10% instant discount, plus 2X on dining and entertainment and 1 point per ₹200 on other spends. Each point is worth Re. 1 and converts to Apollo Health Credits, with the practical touch of instant redemption right at the Apollo POS counter. A 500-point welcome effectively refunds the fee, a complimentary OneApollo Gold Tier membership layers on extra loyalty benefits, and a 1% fuel surcharge waiver rounds it out. The ₹499 renewal fee is waived on ₹1 lakh of annual spend, but there is no lounge access or travel benefit.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback on card activation
3% on Groceries
3X Reward Points per Rs. 100 (~3%) on all Apollo services, plus up to 10% instant discount at select Apollo services. 1 RP = Re.1. Applies to health/pharmacy spends, not all grocery
2% on Dining
2X Reward Points per Rs. 100 (~2%) on Dining, Movies & Entertainment; 1 RP = Re.1
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹1,00,000/year
OTT Subscription
Complimentary OneApollo Gold Tier membership, granted as a welcome benefit — it is not spend-gated
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Groceries | reward points | 3% | — |
| Dining | reward points | 2% | — |
| Other | reward points | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Add-on card fee | Free |
Perks & benefits
Estimated annual value beyond rewards — ~₹900/yr in total.
cobranded ott
Complimentary OneApollo Gold Tier membership, granted as a welcome benefit — it is not spend-gated
fuel waiver ~ ₹900 /yr
1% fuel surcharge waiver at all petrol pumps across India; maximum Rs. 100 per month
Should you get it?
Best for: Regular Apollo Pharmacy shoppers, Households with recurring medicine and wellness spends, First-time cardholders wanting a low-fee health card
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Groceries ( 3% back).
✓ Pros
- Very low Rs. 499 fee, waived on Rs. 1 lakh of annual spend
- 3X points plus up to 10% instant discount on Apollo services
- Complimentary OneApollo Gold Tier membership and Rs. 500 welcome points
- Instant point redemption at Apollo POS terminals
✕ Cons
- Reward Points redeem only as Apollo Health Credits - narrow value outside Apollo
- Off-Apollo earn rate is minimal (0.5% on general spends)
- No lounge access or travel benefits
- 3.5% forex markup; not built for international use
Eligibility & documents
Min. income
₹20,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / address proof
- Income proof (salary slips or ITR)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Reward Points convert 1:1 to Apollo Health Credits (Re. 1 each)
🎁 Instant redemption available at participating Apollo POS terminals
What your SBI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Capped at 60,000 pts/month from Apr 2026
Rewards catalogue / vouchers BEST Vouchers & merchandise
The concern Reward Points stay inside the Apollo ecosystem and general spends earn just 0.5%, so outside Apollo the card barely earns; there is also no lounge or travel benefit.
The bottom line
This is a modest card with a narrow but well-executed job: making Apollo spending cheaper, with the genuinely useful perk of redeeming points instantly at the pharmacy counter. Factor in the welcome points and the spend-based waiver, and the ₹499 fee becomes almost negligible for someone who shops at Apollo regularly. For anyone without an Apollo habit, though, it simply isn't the right fit.
Sources & verification
Fees, reward rates, and benefits for the Apollo SBI Card are taken from SBI Card 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 5 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2025 · 2 changes · last change Nov 2025
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2025 2 changes — 1 cut, 1 neutral
▼ Fee Effective 1 Nov 2025
1% fee on third-party education payments & wallet loads
No surcharge on education/wallet-load spends → 1% fee on 3rd-party education fees & wallet loads over ₹1,000
In its system-wide fee revision effective 1 November 2025, SBI Card added a 1% fee on education-fee payments made via third-party apps/aggregators (Paytm, PhonePe, Razorpay, etc.; direct school/college website or campus POS payments stay free) and a 1% fee on digital-wallet loads exceeding ₹1,000. Applies to the Apollo SBI Card.
Verification: SBI Card ↗ · Confidence: High
◆ Launch Effective 15 May 2025
Apollo SBI Card launched
SBI Card and Apollo HealthCo launched the Apollo SBI Card as the ₹499 entry tier of a two-card healthcare co-brand (alongside the ₹1,499 SELECT), billed as a first-of-its-kind health card. It debuted with 3X Reward Points per ₹100 (~3%) plus up to 10% instant discount on Apollo services, 2X on dining and entertainment, 1 RP per ₹200 (~0.5%) elsewhere, a 500-point welcome, complimentary OneApollo Gold Tier membership and a 1% fuel-surcharge waiver. Each point is worth Re.1, redeemable as Apollo Health Credits, an Apollo voucher, or instantly at the Apollo POS counter; the ₹499 renewal fee is waived at ₹1 lakh annual spend, with no lounge or travel benefit.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
Embed this timeline on your site Free to use. Facts only — dates, changes and before/after values. Please keep the credit line below the frame: it's the only part search engines can see, and it's what we ask for in return.
Source: Apollo SBI Card value timeline — CardAdvisor
“ Cite this timeline Quoting a date or a before/after figure? Copy the HTML version — it credits the record with a working link.
HTML (with link) Plain text Copy
Source: Apollo SBI Card value timeline , CardAdvisor (CC BY 4.0).
Want to know if this beats your current card for your spending?
Apply now → Compare with my profile
Applications are submitted to and decided by SBI Card . CardAdvisor does not issue cards or process applications.
Find your best card
Answer 5 questions. Get a personalised shortlist with ₹ value estimates.
Find my card →
Quick summary
Type Entry credit card
Reward rate 0.5%–3%
Best for Regular Apollo Pharmacy shoppers
Joining fee ₹499
Annual fee ₹499
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 5 Aug 2026
How we research →
Useful links
Rewards calculator
Estimate any card’s annual value
Points valuations
What each point is really worth
Latest card changes
Live fee & reward-rate tracker
Market insights
The Indian card landscape
Card data study 2026
280 cards analysed — August 2026
Frequently asked questions
Check your eligibility for this card
Answer a few quick questions and our team will reach out with matching card offers based on your profile.