Landmark Rewards SBI Card

· ₹2,00,000 a year ₹2,000 of value

Best for: Occasional shoppers at Lifestyle, Home Centre, Max and Spar, First-time cardholders loyal to the Landmark Group, Shoppers who want a low-fee store-rewards card without premium extras

Entry tier — great for first-time and lower-spend users.

Strongest value if you spend heavily on Online Shopping ( 2.5% back).

• 10 Reward Points per Rs.100 (~2.5%) at Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy
• Low Rs.499 fee with a Rs.500 welcome-points benefit that covers it
• 8,000 bonus points (Rs.2,000) on Rs.2 lakh annual spend; points redeem instantly in-store
• Simple, cheap entry to the Landmark rewards ecosystem

• Rewards value only Rs.0.25 each and are most useful only at Landmark Group stores
• Base rate is a token 1 RP per Rs.100 (~0.25%); fuel, rent, government, gaming, wallet and EMI earn nothing
• No lounge access and no spend-based fee reversal

Ways to convert what you earn into real value.

🎁 Closed-loop only: convert Reward Points into Landmark Rewards (LMR) by calling the SBI Card helpline — 2.4 Reward Points = 1 LMR = Rs. 0.60, i.e. Rs. 0.25 a point

🎁 Spend the resulting Landmark Rewards in-store at Lifestyle, Home Centre, Spar, Max, Baby Shop and EasyBuy

🎁 A redemption fee of Rs. 99 plus GST applies below 1,000 points — enough to wipe out a small balance

An accessible entry point into SBI Card's Landmark ecosystem, this card balances its modest ₹499 annual fee with a ₹500 joining bonus while returning ~2.5% at partner outlets and offering up to ₹2,000 through spend milestones. While it delivers straightforward utility for frequent Landmark shoppers, the meagre 0.25% non-partner earn rate and restricted redemption channels make it unsuitable as an all-purpose daily card.

Sources & verification

Fees, reward rates, and benefits for the Landmark Rewards 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.

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 · 4 changes · last change Apr 2026

▲ Revaluation ▼ Devaluation ◆ Neutral / reversed

▼ Redemption Effective 1 Apr 2026

Statement-credit redemption capped

Uncapped, any amount → Max 60,000 pts/month, in 4,000-pt multiples

From 1 April 2026 SBI Card capped reward-point statement-credit redemption at 60,000 points a month and only in multiples of 4,000 points. Recorded here 2026-08-06 - the cap applies across SBI's Reward Point cards and had been carried on only a few card files.

Verification: SBI Card ↗ · Confidence: High

◆ Launch Effective 11 Nov 2025

Landmark Rewards SBI Card launched

SBI Card and Landmark Rewards launched the Landmark Rewards SBI Card, the ₹499 entry rung of a fresh three-card co-brand ladder (SELECT at ₹1,499, PRIME at ₹2,999) — presented at the time as distinct from the older SBI–Landmark line, though SBI's own 1 August 2025 notice already names all three tiers under the previous Lifestyle / Home Centre / Spar / Max branding — so this is better read as a rebrand than a launch. It earns 10 Reward Points per ₹100 (~2.5%) at Landmark Group stores — Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy — 5 per ₹100 on dining, movies and international spends and 1 per ₹100 elsewhere (4 RP = ₹1, redeemed in-store), with a welcome benefit of 2,000 bonus Reward Points (worth ₹500) on payment of the annual fee, an 8,000-point (₹2,000) milestone at ₹2 lakh annual spend and a 1% fuel-surcharge waiver; fuel, rent, government, gaming, wallet and EMI earn nothing, and there is no lounge access or spend-based fee reversal.

Verification: SBI Card ↗ · Confidence: High

▼ Fee Effective 1 Nov 2025

Portfolio fee revision (education and wallet-load fees added)

SBI Card's portfolio-wide fee revision added a 1% fee on education payments made through third-party apps and a 1% fee on every wallet load above Rs.1,000, alongside higher cash-payment, cheque-dishonour and cash-withdrawal charges. The MITC also carries a 1% Utility Payments Fee where utility spend exceeds Rs.50,000 in a billing cycle (from 1 Dec 2024) and a Rs.199 processing fee on every rent-payment transaction. Recorded here 2026-08-06; the change applied portfolio-wide but had only been carried on a single card file.

Verification: SBI Card ↗ · Confidence: High

▼ Reward Effective 1 Sept 2025

Gaming and government spends stop earning

Reward Points earned → No Reward Points on digital gaming platforms or government transactions

SBI's customer notice dated 1 August 2025 states that from 1 September 2025, accrual of Reward Points on spends at Digital Gaming Platforms and Merchants, and on Government-related transactions, is discontinued for the Lifestyle Home Centre / Spar / Max SBI Credit Card and its SELECT and PRIME variants. Recorded here 2026-08-06. Note what the notice also shows: SBI already named all three tiers under the previous brand a full three months before the 11 November 2025 date our timeline carried as a launch, which is why that event is now described as a rebrand.

Verification: SBI Card ↗ · Confidence: High

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: Landmark Rewards 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: Landmark Rewards 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 0.25%–2.5%

Best for Occasional shoppers at Lifestyle, Home Centre, Max and Spar

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