SBICard AURUM Review

SBICard AURUM Review

SBICard recently launched the super premium credit card named AURUM which is positioned one step above SBI Card Elite. The card and the benefits makes it clear that SBICard designed AURUM for the high net-worth individuals by giving a premium touch.

But does that mean the card also rewards good on spend? Let’s see it in detail below,

Table of Contents

Overview

TypeSuper Premium Credit Card
Reward Rate1% to ~3%
Annual Fee10,000 INR + GST
Best forMonthly spends of 1 Lakh & Golf lessons
USPBookmyshow Movie Voucher

Aurum is the first ever attempt by SBICard to explore the super premium credit card segment and it’s a decent one. It’s a worthy upgrade for those holding SBI Elite Credit Card.

Joining Fees

Joining Fee10,000 INR + GST
Welcome Benefit40,000 Points worth 10,000 INR
Renewal Fee10,000 INR + GST
Renewal BenefitNil
Renewal Fee WaiverAnnual spends of Rs.12 Lakhs

The reward points can be redeemed for hotels/flights or e-vouchers and can be considered as an equivalent to 10K INR. But the GST part (1,800 INR) is payable and is the only out-of-pocket expense.

Having no renewal benefit is a sad news though, meaning it holds good only for 1 yr if you don’t intend to spend ~12 Lakhs a year.

Design

On a quick research I found that the name Aurum is the latin word for gold and is also the source of its chemical symbol “Au“. Good work on naming!

SBICard AurumSBICard Aurum – Front Facesbicard aurum credit card - Back sideSBICard Aurum – Back side

So obviously you can see some touch of Gold in the card design. AURUM comes in a metal form factor and it looks very neat and clean in black colour with horizontal dotted golden strip.

Rewards

Regular Rewards

  • Rewards on all spends: 4 points/100 (Reward Rate: 1%)
  • Reward Point Want to learn about Finance, Investing, and much more!, Checkout our partner blogs.