Who is the Shaurya Select SBI Card for?

It is created for serving and retired defence personnel seeking elevated rewards, domestic airport lounge access, 24x7 concierge services, and higher-value milestone vouchers compared to the entry-level Shaurya card.

What is the fee structure?

The first-year joining fee is completely waived. From the second year onward, the annual renewal fee of ₹1,499 is reversed upon spending ₹1.5 lakh or more in the card anniversary year.

What milestone benefits does it offer?

Milestone privileges include a ₹500 Pizza Hut voucher on ₹50,000 quarterly spend, a choice of a ₹7,000 Yatra or Pantaloons gift voucher upon reaching ₹5 lakh in annual spending, and 1,500 bonus Reward Points upon renewal fee payment.

Does the Rs.10 lakh accident cover apply to this card?

Yes. Being on the RuPay network, cardholders receive complimentary ₹10 lakh personal accident insurance coverage, subject to applicable RuPay guidelines and registration.

How has the Shaurya Select SBI Card changed over time?

Our dated Value Timeline for Shaurya Select SBI Card records 7 revisions since 2019: 6 devaluations, 0 improvements, and launch milestones. The latest entry on 1 April 2026 capped monthly statement-credit redemptions and mandated 4,000-point blocks. All changes cite official bank records.

Has the Shaurya Select SBI Card been devalued recently?

Yes, 3 devaluations have been tracked over the past 24 months. The most recent, effective 1 April 2026, capped statement credit conversions at 60,000 points monthly in 4,000-point intervals. Detailed timelines are listed on this page.

When did the Shaurya Select SBI Card's fees last change?

On 1 November 2025, SBI Card introduced a 1% surcharge on third-party educational payments and wallet reloads exceeding ₹1,000. Complete fee terms are available in the fees table.

How did the Shaurya Select SBI Card change in 2024?

In 2024, 3 cuts took place: reward points were discontinued on rent payments on 1 April 2024, on government transactions on 1 June 2024, and on digital gaming transactions (MCC 5816, 7993, 7994) on 1 December 2024.

SBISELECT

Shaurya Select SBI Card

4.0 / 5SarvCred Editorial Review

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SBI

Shaurya Select SBI Card

Name: Shaurya Select SBI Card
Brand: SarvCred
Rating: 4 (1 reviews)

Mid-tierFee variesRewardsFuelTravelDining

The Shaurya Select SBI Card is the step-up defence card for serving and retired armed-forces members — first year free, then a ₹1,499 renewal reversed at ₹1.5 lakh of annual spend. It pays 10 Reward Points per ₹100 (~2.5%) on dining, movies, departmental stores, grocery and CSD canteen spends — SBI markets that as 5X, which is 5× this card's 2-point base, not the entry Shaurya's 1-point base — capped at 6,000 points a calendar month across those categories together, and 2 points per ₹100 (~0.5%) everywhere else. On top of the earning it adds 4 domestic airport lounge visits a year, 24x7 concierge and milestone vouchers worth up to ₹7,000 on ₹5 lakh spend. Points are worth ₹0.25 each, and a 1% fuel surcharge waiver applies.

Key features

What this card is built to do — the highlights that actually matter.

⭐

2.5% on Dining

10 RP per Rs.100 (~2.5% at 4 RP = Re.1) on dining, movies, departmental stores, grocery and CSD canteen. SBI markets this as 5X against this card's 2 RP base, not the entry Shaurya's 1 RP. Capped at 6,000 points a calendar month across all those categories together, then 2 RP per Rs.100

⭐

2.5% on Groceries

10 Reward Points per Rs.100 (~2.5% at 4 RP = Re.1) on grocery, departmental stores and CSD canteen, sharing the 6,000-point monthly cap with dining and movies

✈

️ Airport Lounge Access

1 complimentary visits per quarter at domestic and international airport lounges

💳

Annual Fee Waiver

Fee of ₹1,499 + 18% GST (₹1,769 all-in)/yr fully waived when you spend ₹1,50,000/year

🤵

24x7 Concierge

24x7 concierge for gift and flower delivery, restaurant referral, courier, car rental and limousine referral.

🎯

Milestone Bonus

~₹7,000 in bonus rewards on hitting annual spend milestones

📱

UPI Linked

Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments

🛡

️ Insurance Cover

Complimentary personal accidental insurance cover of Rs.10 lakhs — a RuPay-network benefit this card carries (registration may be required).

Full reward structure

Category	Type	Rate	Monthly cap
Dining	reward points	2.5%	₹1,500
Groceries	reward points	2.5%	—
Other	reward points	0.5%	—

Fees & charges

Charge	Amount
Annual fee (incl. 18% GST)	₹1,769
Joining fee (incl. 18% GST)	Free
Finance charge (APR)	2.75% p.m.
Forex markup	3.5%
Add-on card fee	Free

Perks & benefits

Estimated annual value beyond rewards — ~₹13,975/yr in total.

✈

️ lounge access ~ ₹3,000 /yr

4 complimentary domestic airport lounge visits every year (max 1 per quarter).

🎯

milestone bonus ~ ₹7,000 /yr

Rs.7,000 Yatra or Pantaloons e-voucher on Rs.5 lakh of spend in an eligible year — SBI's milestone is genuinely annual, measured from your card anniversary

🎯

milestone bonus ~ ₹2,000 /yr

Rs.500 Pizza Hut e-voucher for each calendar quarter you spend Rs.50,000 — up to Rs.2,000 a year at a steady Rs.50,000 a quarter, which is the Rs.2 lakh annual equivalent this row is gated on

🎯

milestone bonus ~ ₹375 /yr

1,500 Reward Points every year the renewal fee is paid — not spend-gated

🤵

concierge

24x7 concierge for gift and flower delivery, restaurant referral, courier, car rental and limousine referral.

🛡

️ insurance ~ ₹400 /yr

Complimentary personal accidental insurance cover of Rs.10 lakhs — a RuPay-network benefit this card carries (registration may be required).

⛽

fuel waiver ~ ₹1,200 /yr

1% fuel surcharge waiver on transactions between Rs.500 and Rs.4,000; max Rs.250 per statement cycle.

Milestone ladder

1₹2,00,000 a year₹2,000 of value
2₹5,00,000 a year₹7,000 of value

Should you get it?

Best for: Defence personnel wanting lounges and concierge on top of everyday rewards, Higher spenders who can clear Rs.1.5 lakh to waive the fee, CSD canteen, dining and grocery-heavy armed-forces households

Mid tier — a solid all-rounder for steady monthly spend.

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

Frequent travellers benefit from the included airport lounge access.

✓ Pros

First-year fee waived, and renewal fee reversed at Rs.1.5 lakh annual spend
5X Reward Points on dining, movies, grocery, departmental store and CSD spends
4 domestic lounge visits, concierge and milestone vouchers up to Rs.7,000
Better base earn (2 RP per Rs.100) than the entry Shaurya card

✕ Cons

Eligibility is limited to armed-forces / defence personnel
Rs.1,499 renewal fee needs Rs.1.5 lakh spend to waive
Points are worth only Re.0.25 each; base earn is still ~0.5%
Rewards are modest outside the 5X categories — 2 Reward Points per Rs.100 (~0.5%) on other spends

Eligibility & documents

Min. income

₹25,000 /mo

Employment

Salaried

Documents required

PAN card
Aadhaar / address proof
Defence service ID / proof of service
Income proof (salary slips or ITR)
Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

🎁 Pay your card outstanding with Reward Points (4 RP = Re.1)

🎁 Redeem Reward Points against gifts from the SBI Card rewards catalogue

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

₹ 0.25 /pt

Rewards catalogue / vouchers BEST Vouchers & merchandise

₹ 0.25 /pt

The concern Eligibility is limited to defence personnel, and the ₹1,499 renewal needs ₹1.5 lakh of annual spend to waive while points are worth only ₹0.25 each.

The bottom line

Shaurya Select SBI Card is a well-rounded mid-tier offering for defence personnel with moderate-to-high annual spending, pairing a first-year fee waiver and 10 RP per ₹100 (~2.5% return) on CSD canteens, groceries, and dining with domestic lounge privileges and milestone vouchers. Spending ₹1.5 lakh comfortably waives the renewal fee, delivering substantially richer earning potential than the entry-level Shaurya variant.

Sources & verification

Fees, reward rates, and benefits for the Shaurya Select 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 2019 · 7 changes · last change Apr 2026

▲ Revaluation ▼ Devaluation ◆ Neutral / reversed

2026 1 change — 1 cut

▼ Redemption Observed 26 Feb 2026 · Effective 1 Apr 2026

Statement-credit redemption capped & blocked into 4,000-point multiples

Unrestricted statement-credit redemption, any point quantity → Max 60,000 RP/month; redeemable only in multiples of 4,000

Effective 1 April 2026, SBI Card capped statement-credit redemption at 60,000 Reward Points per card per calendar month and required redemptions in multiples of 4,000 points, removing partial/small redemptions. The 4 RP = ₹1 (₹0.25/point) conversion rate is unchanged. Applies to the Shaurya Select SBI Card (only Air India SBI Signature and the two PhonePe SBI variants are exempt).