Landmark Rewards SBI Card SELECT

Charge

• Cash Advance Fee: 2.5% or ₹500 (whichever higher) at domestic and international ATMs.
• Finance Charges: up to 3.75% p.m. (45% p.a.) for unsecured cards, minimum ₹25.
• Cash Payment Fee: ₹250 + taxes.
• Cheque Payment Fee: ₹200.
• Payment Dishonor Fee: 2% of payment amount (min ₹500).
• Overlimit Fee: 2.5% of overlimit amount (min ₹600).
• Card Replacement Fee: ₹100 - ₹250 (₹1,500 for Aurum).
• Dynamic Currency Conversion Fee: 3.5%.
• Rewards Redemption Fee: ₹99.
• Processing Fee on Rent Payment Transactions: ₹199.
• Utility Payments Fee: 1% if total utility payments exceed ₹50,000 in a billing cycle (w.e.f. 1st Dec 2024).
• Fee on Education Payments via third-party apps: 1% (w.e.f. 1st Nov 2025).
• Fee on Wallet Load exceeding ₹1,000: 1% (w.e.f. 1st Nov 2025).
• Late Payment Charges: Nil up to ₹100, ₹100 (>₹100-500), ₹500 (>₹500-1,000), ₹750 (>₹1,000-10,000), ₹950 (>₹10,000-25,000), ₹1,100 (>₹25,000-50,000), ₹1,300 (>₹50,000), plus additional ₹100 on missing MAD for two consecutive cycles.

Verified · SBI Card Most Important Terms & Conditions (MITC) – English (covers all personal cards including Landmark SELECT) · 2026-08-05 · source

Interest-free period

• 20 to 50 days (subject to submission of claims by the merchant).
• Applicable only on retail purchases and if previous month's outstanding balance is paid in full.

Verified · SBI Card Most Important Terms & Conditions (MITC) – English (covers all personal cards including Landmark SELECT) · 2026-08-05 · source

Fuel surcharge waiver

1% fuel surcharge waiver on transactions across petrol pumps in India (1% of transaction amount + applicable taxes levied by acquiring bank; 1% fuel surcharge waiver excluding GST on eligible transaction value on select cards).

Verified · SBI Card Most Important Terms & Conditions (MITC) – English (covers all personal cards including Landmark SELECT) · 2026-08-05 · source

Redemption value

• Rewards Redemption Fee: ₹99 (applicable only on physical products, statement credit & vouchers sent physically).
• Reward Points are valid for 24 months and expire on the last day of the 24th month if not redeemed.

Verified · SBI Card Most Important Terms & Conditions (MITC) – English (covers all personal cards including Landmark SELECT) · 2026-08-05 · source