SBI Cards has teamed up with Nature's Basket, a major premium grocery store, to introduce two new credit cards: SBI Nature’s Basket Card and SBI Nature’s Basket SBI Card Elite. These grocery cards not only provide perks for grocery shopping but also extend benefits to other areas like travel, dining, and entertainment. Both cards come with rewards, welcome bonuses, and milestone benefits. Read on to discover the detailed features and advantages of these credit cards and determine which one suits your needs.
Key Highlights of SBI Nature’s Basket Co-branded Credit Cards |
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| Particulars | Nature’s Basket SBI Credit Card | Nature’s Basket SBI Card Elite |
| Best Suited For | Grocery | Grocery |
| Joining Fee | Rs. 1,499 | Rs. 1,499 |
| Annual Fee | Rs. 1,499 | Rs. 1,499 |
| Welcome Benefit |
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| Best Feature | Up to 10 reward points on every Rs. 100 spend | Up to 20 reward points on every Rs. 100 spend |
*Terms and conditions apply.
| Table of Contents | ||
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| Features and Benefits | ||
| Fees and Charges | ||
| Eligibility and Documentation | ||
| Other Similar Credit Cards | ||
| FAQs | ||
Suggested Read : 10 Best SBI Credit Cards in India
Both of these special credit cards provide perks when you activate them, earn reward points, reach milestones, and enjoy travel benefits. However, the Elite version goes a step further, offering extra advantages like movie ticket benefits, increased rewards, access to international lounges, and exclusive premium privileges. Here are the features and benefits of the SBI Nature’s Basket Credit Card:
Welcome Benefits – Upon joining the regular variant by paying the Rs. 1,499 joining fee, you receive a Nature’s Basket gift voucher of the same value as an activation benefit. Additionally, you gain immediate access to the Nature’s Basket ‘Epicuria’ loyalty program. On the other hand, the elite variant provides a welcome benefit in the form of a gift voucher equal to the Rs. 4,999 joining fee, along with enrollment in the Nature’s Basket ‘Connoisseur’ loyalty program.
Fuel Surcharge Waiver – With the Nature’s Basket SBI Card and Nature’s Basket SBI Card Elite, you get a fuel surcharge waiver of 1% at all petrol pumps in India when your transaction amount falls between Rs. 500 and Rs. 4,000. The maximum waiver you can receive in a statement cycle is capped at Rs. 100 for both cards.
Also read: Best Fuel Credit Cards in India
Milestone Benefits – For the Nature’s Basket SBI card, you enjoy an annual fee waiver if you spend Rs. 2 lakh or more in a year. Additionally, surpassing Rs. 3 lakh in annual spending brings a milestone benefit in the form of a gift voucher worth Rs. 3,000 from premium brands.
On the other hand, with the Nature’s Basket SBI Elite credit card, you receive Taj gift vouchers worth Rs. 10,000 as a milestone benefit when you spend Rs. 6 lakh or more in a year. Moreover, if your annual spending reaches Rs. 10 lakhs or more, the renewal fee is reversed.
Reward Benefits - With the SBI Nature’s Basket Cards, you enjoy the following reward benefits:
| Categories | Nature’s Basket SBI Credit Card | Nature’s Basket SBI Card Elite |
|---|---|---|
| On Nature’s Basket (offline & online stores) | 10 reward points on every Rs. 100 spent | 20 reward points on every Rs. 100 spent |
| Dining, Travel & Entertainment* | 5 reward points on every Rs. 100 spent | 10 reward points on every Rs. 100 spent |
| Other Categories | 1 reward points on every Rs. 100 spent | 2 reward points on every Rs. 100 spent |
*on dining, travel, entertainment & movies in case of Nature’s Basket SBI Card Elite
Also read: Best Rewards Credit Cards in India
Lounge Access - In terms of travel benefits and complimentary lounge access, both the regular and Elite versions of the Nature’s Basket SBI cards offer the following:
| Categories | Domestic Lounges | International Lounges |
|---|---|---|
| Nature’s Basket SBI Card | 4 complimentary visits per year (subject to 1 per quarter) | - |
| Nature’s Basket SBI Card Elite | 8 complimentary visit per year (subject to 2 per quarter) | 6 complimentary visits a year (subject to max 2 per quarter) |
Also read: Best Airport Lounge Access in India
With the elite version, you get free movie tickets worth Rs. 6,000 every year. This benefit allows you to book at least 2 movie tickets per month, with a maximum discount of Rs. 250 per ticket for two tickets only. It's important to note that this movie offer is available only for primary credit cards, not for add-on cards.
Additionally, the elite version provides an exclusive concierge service. This service offers dedicated assistance for tasks like flower and gift delivery and online doctor consultations.
The fees and charges associated with the Nature’s Basket SBI Credit Card are as follows:
| Fees/Charges | Amount/Rate | |
|---|---|---|
| Joining Fee |
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| Finance Charges | Up to 3.50% per month | 42% per annum | |
| Annual Fee/Renewal Fee |
Nature’s Basket SBI Card Elite: Rs. 4,999 (waived off on spending Rs. 10 lakh or more in a year) |
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| Late Payment Fee |
For total amount:
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To apply for the Nature’s Basket SBI Credit Card, applicants should meet the following eligibility criteria:
| Criteria | Details |
|---|---|
| Occupation | Salaried or Self Employed |
| Minimum Income | Communicated at the time of sourcing |
| Documents Required | Click here for the list of acceptable documents |
| Serviceable Cities | Click here for the list of eligible cities |
Here are some of the Best credit cards that provide benefits similar to the Nature’s Basket SBI Credit Card:
| Credit Card | Annual Fee | Best Feature |
|---|---|---|
| SBI Card Prime | Rs. 2,999 | 10 reward points per Rs. 100 spent on dining, groceries, departmental stores and movies |
| Axis Bank Neo Credit Card | Rs. 250 | 10% off on Grofers (now Blinkit) up to Rs. 250, on minimum transaction of Rs. 750 once a month |
| Axis Bank Select Credit Card | Rs. 3,000 | 20% off up to Rs. 500 per month on minimum purchase of Rs. 2,000 on BigBasket |
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