SBI Card recently launched a co-branded credit card in partnership with Apollo 24|7. While SBI seems to be rolling out co-branded credit cards almost every other day, this one actually looks promising. Let’s dive deeper to see if this card can genuinely offer value.
Health Credits can only be redeemed on the Apollo 24|7 app for medicines, doctor consultations, lab tests, and more.
In today's world, almost every household buys medicines. If you're spending ₹5,000 per month on Apollo 24|7, you can potentially save 25% - that’s ₹1,250 per month. Over a year, that’s ₹15,000 in savings on a spend of ₹60,000.
After deducting the annual fee, you're still saving approximately ₹13,230 - a solid 22% return. That’s excellent value.
If you also consult Apollo doctors or use their lab services, the benefits of this card increase even more. For loyal Apollo customers, this card is a no-brainer.
Charges
- Joining Fee: ₹1,499 + GST
- Annual Fee: ₹1,499 + GST
- Annual Fees Reversal Criteria: Spend ₹3 lakh in a membership year to get the ₹1,499 annual fee waived
Welcome Benefits
- Apollo 24|7 e-Gift Voucher worth ₹1,500 on payment of the joining fee
- Complimentary Apollo Circle Membership as long as you hold the card
Health Benefits
- Get Fit: Complimentary 1-year FITPASS PRO membership after paying the joining fee and completing one retail transaction
- Stay Healthy: Free Comprehensive Health Check-up Package on spending ₹50,000 within 90 days of joining
- Keep It Going: Get another health check-up package every year by spending ₹50,000 within 90 days of your card anniversary
Reward Structure
- 10 Reward Points per ₹100 spent on Apollo 24|7 and Apollo Pharmacy [Reward Rate: 10%]
- Pharmacy: Save 25% (15% instant cashback in HC Wallet + 10% reward points)
- Diagnostics: Save 30% (20% Apollo Circle discount + 10% reward points)
- Doctor Consultations: Extra 10% reward points
- 2 Reward Points per ₹100 on Dining, Movies & Entertainment, and Travel [Reward Rate: 2%]
- 1 Reward Point per ₹200 on all other spends [Reward Rate: 0.50%]
- No reward points on fuel, wallet loading, or EMI transactions
Health Credits can only be redeemed on the Apollo 24|7 app for medicines, doctor consultations, lab tests, and more.
Milestone Benefits
- Spend ₹6 lakh annually to get a Noise ColorFit Pulse 4 Pro Smartwatch worth ₹7,999
Lounge Access
- 4 complimentary domestic airport lounge visits per year (1 per quarter)
- Complimentary 2-year Priority Pass Membership (worth $99, no free visits included)
Fuel Surcharge Waiver
- 1% waiver at all fuel stations on transactions between ₹500 and ₹4,000
- Maximum waiver of ₹100 per month
TechnoFino Verdict
The Apollo 24|7 SBI Credit Card is ideal for individuals or families who regularly purchase medicines from Apollo, either online or at their pharmacy outlets. While the base reward rate is quite low (just 0.5%) for a ₹1,499 annual fee card, the real value lies in Apollo-specific usage.In today's world, almost every household buys medicines. If you're spending ₹5,000 per month on Apollo 24|7, you can potentially save 25% - that’s ₹1,250 per month. Over a year, that’s ₹15,000 in savings on a spend of ₹60,000.
After deducting the annual fee, you're still saving approximately ₹13,230 - a solid 22% return. That’s excellent value.
If you also consult Apollo doctors or use their lab services, the benefits of this card increase even more. For loyal Apollo customers, this card is a no-brainer.
