SBI Card has announced changes to its credit card reward structures, affecting its SimplyCLICK and Air India co-branded credit cards. Effective March 31, 2025, the changes will reduce the accrual of reward points on certain transactions. Here’s a breakdown of the changes:
* SimplyCLICK SBI Card: Online spends on Swiggy will earn 5X reward points, down from 10X reward points. However, cardholders will continue to receive 10X Reward Points on transactions at partner merchants such as Apollo 24×7, BookMyShow, and others.
* Air India SBI Credit Cards: The reward benefits on Air India ticket bookings will be significantly reduced for Platinum and Signature Credit Cardholders. The accelerated reward rate for booking Air India tickets via the airline’s website or mobile app will drop from 15 and 30 reward points per ₹100 spent, respectively, to 5 and 10 reward points per ₹100 spent, respectively.
As a result, cardholders may see a reduction in the total reward points they accumulate on specific transactions. For instance, Air India SBI cardholders may experience a 66% to 75% cut in their reward benefits for booking flights. There is no new benefit announced to offset these reductions, and cardholders may need to explore alternative spending strategies or consider other credit cards that offer higher returns on dining and travel purchases to maximize their rewards.