SBI Reward Points — Value in Rupees
Updated: June 2026· By PointsWallah Editorial
Quick Answer
Range: ₹0.15 (worst, catalog) to ₹0.35(best, transfer partners). Never redeem for catalog items — you lose 50-70% of your points' value.
Redemption Options — Value per Point
From worst to best. Always aim for the highest value redemption method.
| Redemption Method | Value per Point | Notes |
|---|---|---|
| Catalog redemption | ₹0.15Avoid | Low value |
| Statement credit | ₹0.25 | Best straightforward redemption |
| Amazon vouchers | ₹0.25 | Good option if you shop on Amazon |
| Vistara points transfer | ₹0.30Best | Vistara merged into Air India in late 2024. CV Points are transitioning to Air India's Flying Returns programme — transfer availability and ratios may change. Verify current status before redeeming. |
Cards That Earn SBI Reward Points
SBI Elite Credit Card
SBI's premium offering with 5x on dining and groceries, unlimited domestic lounges, and Club Vistara Silver (transitioning to Air India Flying Returns post-merger). Best for category-heavy spenders.
SBI SimplyCLICK
SBI's best card for online shoppers. 10x on Amazon and partners, 5x on all online spends, at just 499/year.
SBI PRIME Credit Card
SBI's value premium card. 5x on dining and groceries, 4x on online shopping, with 8+4 lounge visits — all at a lower threshold than the Elite.
SBI PULSE Credit Card
SBI's health-focused mid-tier card. 5x on pharmacies, hospitals, and health apps — a unique niche card for those with regular medical expenses.
SBI Cashback Credit Card
5% cashback on ALL online transactions — not just specific merchants. The simplest high-cashback card for online-first spenders.
SBI BPCL Credit Card
India's best fuel card. 13x on BPCL fuel stations plus fuel surcharge waiver. If you fill up at BPCL regularly, this card pays for itself instantly.
SBI Yatra Credit Card
SBI's travel co-brand with Yatra.com. 5% back on Yatra bookings at just 499/year. Only worth it if Yatra is your primary travel booking platform.
Our Methodology
We calculate point values by comparing the cost of goods/services when paid with cash vs. when redeemed with points. For transfer partners, we use the average value of award redemptions for economy and business class flights and standard hotel nights.
Values are approximate and updated monthly. Actual value may vary based on specific redemption choices, availability, and seasonal pricing.
Frequently Asked Questions
What is 1 SBI Card reward point worth in rupees?
At optimal redemption, 1 SBI reward point is worth approximately ₹0.25. The value ranges from ₹0.15 (worst, via catalog) to ₹0.35 (best, via transfer partners).
What is the best way to redeem SBI Reward Points?
The best redemption method is "Vistara points transfer" at ₹0.30 per point. Avoid catalog redemption which gives the worst value.
How do I check my SBI Card reward points balance?
Log into your SBI Card net banking or mobile app. Navigate to the credit card section and look for "Reward Points" or "Points Summary." You can also call the number on the back of your card.
Disclaimer: Point valuations are approximate and based on our independent analysis. Actual redemption values may vary. Banks may change reward structures, transfer ratios, and redemption options without notice. This information is for educational purposes only and does not constitute financial advice.