Reliance SBI Card
The Reliance SBI Card is a ₹499 entry co-brand for Reliance shoppers, earning 10 Reward Points per ₹100 (~2.5%) on AJIO and JioMart, 5 (~1.25%) at other Reliance Retail stores, 5 (~1.25%) on dining and movies, and 1 (~0.25%) on other retail, with each point worth ₹0.25 and redeemable only into Reliance Retail vouchers. A ₹500 welcome voucher covers the joining fee, milestone vouchers worth up to ₹2,250 land across the year, and there is a 1% fuel surcharge waiver; the ₹499 renewal fee is reversed on ₹1 lakh of annual spend. There is no lounge access or movie ticket at this tier — those sit on the PRIME variant — and fuel, property rental and wallet loads earn nothing.
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
2.5% on Online Shopping
10 Reward Points per Rs.100 (~2.5%) on AJIO & JioMart online stores. UPI payments on the RuPay variant drop to the base rate of 1 Reward Point per Rs.100 — they still earn, just not the accelerated rate
1.25% on Groceries
5 Reward Points per Rs.100 (~1.25%) at other participating Reliance Retail stores. UPI payments on the RuPay variant drop to the base rate of 1 Reward Point per Rs.100
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹1,00,000/year
Milestone Bonus
~₹2,250 in bonus rewards on hitting annual spend milestones
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | reward points | 2.5% | — |
| Groceries | reward points | 1.25% | — |
| Dining | reward points | 1.25% | ₹1,250 |
| Other | reward points | 0.25% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Forex markup | 3.5% |
Perks & benefits
Estimated annual value beyond rewards — ~₹3,450/yr in total.
milestone bonus ~ ₹2,250 /yr
Reliance Retail vouchers worth up to Rs.2,250 across annual spend milestones — Rs.500 at Rs.25,000, Rs.750 at Rs.50,000 and Rs.1,000 at Rs.80,000
fuel waiver ~ ₹1,200 /yr
1% fuel surcharge waiver on transactions between Rs.500 and Rs.3,000; max waiver Rs.100 per statement cycle
Spend milestone
· ₹80,000 a year ₹2,250 of value
Should you get it?
Best for: Regular AJIO, JioMart and Reliance Retail shoppers on a budget, First-time cardholders loyal to the Reliance ecosystem, Shoppers who want a low-fee co-brand 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).
✓ Pros
- 10 Reward Points per Rs.100 (~2.5%) on AJIO and JioMart, 5 (~1.25%) at Reliance Retail stores
- Low Rs.499 fee, reversed on Rs.1 lakh of annual spend
- Reliance Retail vouchers worth up to Rs.2,250 a year plus a Rs.500 welcome voucher
- Reasonable entry point into the Reliance rewards ecosystem
✕ Cons
- Reward Points value only Rs.0.25 each and redeem only into Reliance Retail vouchers
- Base rate is a thin 1 RP per Rs.100 (~0.25%); fuel, rent and wallet loads earn nothing
- No lounge access or movie tickets — those sit on the PRIME variant
Eligibility & documents
Min. income
₹20,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Redeem Reward Points against Reliance Retail vouchers at Rs.0.25 per point
🎁 Welcome and milestone vouchers are usable only at participating Reliance Retail stores
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 are worth only ₹0.25 each and redeem only into Reliance Retail vouchers, and the base rate on general spend is a thin 0.25%.
The bottom line
The Reliance SBI Card is a straightforward, budget-friendly loyalty credit card for households frequently purchasing within the Reliance ecosystem. With a ~2.5% return on AJIO and JioMart, up to ₹2,250 in milestone vouchers, and a ₹500 welcome voucher that covers the first-year fee, it provides dependable value for everyday Reliance spending. However, the ₹0.25 valuation per point and restriction to Reliance vouchers make it impractical for non-Reliance expenditures.
Sources & verification
Fees, reward rates, and benefits for the Reliance 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 2023 · 2 changes · last change Oct 2025
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2025 1 change — 1 improvement
▲ Reward Effective 1 Oct 2025
AJIO & JioMart earn rate doubled
5 RP per ₹100 (~1.25%) → 10 RP per ₹100 (~2.5%)
From 1 October 2025 SBI Card doubled the accelerated earn on AJIO and JioMart. The ₹499 Reliance SBI Card went from 5 to 10 Reward Points per ₹100 (~1.25% to ~2.5% at ₹0.25/point) and the PRIME variant from 10 to 20, both excluding UPI payments. This is the card's current headline benefit and reconciles to our live catalogue rate of 10 RP per ₹100.
Verification: SBI Card ↗ · Confidence: High
2023 1 change — 1 neutral
◆ Launch Effective 31 Oct 2023
Reliance SBI Card launched as SBI Card–Reliance Retail co-brand
On 31 Oct 2023 SBI Card and Reliance Retail rolled out the Reliance SBI Card in two variants — base (₹499) and PRIME (₹2,999) — introduced on the RuPay platform. The ₹499 base earned 5 Reward Points per ₹100 at Reliance Retail stores including AJIO and JioMart, 5 on dining and movies and 1 on other retail (1 RP = ₹0.25), with a ₹500 welcome voucher, spend-milestone Reliance vouchers, a 1% fuel-surcharge waiver and a ₹1 lakh renewal-fee-waiver threshold.
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.
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Source: Reliance SBI Card value timeline — CardAdvisor
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Quick summary
Type Entry credit card
Reward rate 0.25%–2.5%
Best for Regular AJIO, JioMart and Reliance Retail shoppers on a budget
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 →
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280 cards analysed — August 2026
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