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4.4/5 Editorial Score

Landmark Rewards SBI Card

Budget Retail Fashion Card — 10X Points on Lifestyle & Max at Just ₹499

Best Suited For

Value-focused fashion shoppers who frequent Lifestyle and Max Fashion stores and want an affordable ₹499 card with guaranteed store reward accelerators.

Shopping

Joining Fee

₹499

One-time upfront

Annual Fee

₹499

Waived on ₹1 lakh annual spend

Base Rewards

10 Reward Points/₹100 Spent at Online & Retail Landmark Stores; 5 Reward Points/₹100 Spent on Dining and Movies; 1 Reward Point/₹100 Spent on Other Retail Purchases

On eligible spends

Forex Markup

3.50% + GST

Cross-currency spends

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Last verified 10 Sept 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.4/5 Editorial Score

The entry-level Landmark Rewards SBI Card is designed for budget-conscious fashion lovers and family shoppers who regularly visit Landmark Group retail stores: Lifestyle, Max Fashion, Home Centre, and SPAR. Carrying an accessible annual fee of ₹499 + GST, the card immediately awards a ₹500 Landmark shopping voucher upon fee payment, effectively making the first year of membership free. The card awards 10 Landmark Reward Points per ₹100 spent at official Landmark retail stores and online websites, representing a healthy 2.50% value return (1 Point = ₹0.25). General dining and movie expenses earn 2 points per ₹100 (0.50%), while other retail purchases earn 1 point per ₹100. Furthermore, achieving ₹1,00,000 in annual spending completely waives the ₹499 renewal fee for the subsequent year. The main distinction between this base variant and the higher-tier SELECT (15 points/₹100, 4 lounges) and PRIME (15 points/₹100, 8 lounges) variants is the reward rate and absence of airport lounge access. In addition, Landmark points must be redeemed within the Landmark retail ecosystem. However, for everyday shoppers who want a simple, low-cost card to earn 2.5% back at Max and Lifestyle without paying four-figure annual fees, this entry variant performs reliably.

Ideal For:Value-focused fashion shoppers who frequent Lifestyle and Max Fashion stores and want an affordable ₹499 card with guaranteed store reward accelerators.

Shopping

Card Strengths

10 Landmark Reward Points per ₹100 at Lifestyle, Max, Home Centre, and SPAR (2.50% value return)
₹500 welcome shopping voucher upon joining fee payment completely offsets the first-year charge
Accessible ₹1,00,000 annual spend hurdle for full renewal fee waiver
1% fuel surcharge waiver across petrol stations in India
Budget-friendly ₹499 annual maintenance overhead

Things to Keep in Mind

Points redemption is restricted strictly to Landmark Group physical and online stores
Does not include complimentary domestic airport lounge access
Lower earn rate (2.5%) compared to the 3.75% offered on SELECT and PRIME variants
Base reward rate of 0.25% on general retail spending is modest

Additional Cardholder Privileges

Rewards

10 Reward Points/₹100 Spent at Online & Retail Landmark Stores; 5 Reward Points/₹100 Spent on Dining and Movies; 1 Reward Point/₹100 Spent on Other Retail Purchases

Welcome

Welcome Benefit 1

2,000 Bonus Reward Points Worth ₹500

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: Reward Points
Reward Currency: Reward Points
Base Earn Rate: 10 Reward Points/₹100 Spent at Online & Retail Landmark Stores; 5 Reward Points/₹100 Spent on Dining and Movies; 1 Reward Point/₹100 Spent on Other Retail Purchases
Point Value (INR): ₹0.2500 per point
Redemption Channels: Refer to bank rewards portal
Reward Point Expiry: Refer to bank rewards program terms

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
Landmark Stores (Lifestyle, Max, SPAR, Home Centre)	10 Reward Points per ₹100 spent at Landmark Group stores (2.5% return)	No Cap	Standard terms apply
All Other Spends	1 Reward Point per ₹100 spent (0.25% return)	No Cap	Standard terms apply

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Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

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Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

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Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

Landmark Stores (Lifestyle, Max, SPAR, Home Centre)2.50%

No published cap

₹

All Other Spends0.25%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
Landmark Stores (Lifestyle, Max, SPAR, Home Centre)	₹12,000	10 Reward Points per ₹100 spent at Landmark Group stores (2.5% return)	—	None	Calculating...	Under cap
All Other Spends	₹18,000	1 Reward Point per ₹100 spent (0.25% return)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

-₹499

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds - ₹499 annual fee.

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Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

No Airport Lounge Access Included

This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): ₹499
Annual / Renewal Fee (2nd Year Onwards): ₹499
Annual Spend Fee Waiver: Waived on ₹1 lakh annual spend
Fee Terms Notes: ₹499 joining & annual fee; waived on spending ₹1,00,000 in preceding year. Includes ₹500 welcome Landmark shopping voucher.

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): Refer to official schedule of charges
Annualized Interest Rate (APR): Refer to official schedule of charges
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Refer to official schedule of charges

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

• Joining Fee: ₹499 + 18% GST (includes ₹500 worth Landmark shopping voucher upon fee payment). • Annual Renewal Fee: ₹499 + 18% GST from Year 2 onwards. • Spend-Based Fee Waiver: Annual fee waived on achieving cumulative retail spends of ₹1,00,000 or more in the preceding anniversary year. • Landmark Brand Spends: 10 Landmark Reward Points per ₹100 spent at Lifestyle, Max, Home Centre, and SPAR (2.50% value return). • Dining & Movies: 2 Landmark Reward Points per ₹100 spent (0.50% return). • All Other Retail Spends: 1 Landmark Reward Point per ₹100 spent on eligible retail purchases. • Point Valuation: 1 Landmark Reward Point = ₹0.25. Redeemable at checkout across Landmark stores. • Domestic Lounge Access: No complimentary airport lounge access included. • Fuel Surcharge Waiver: 1% waiver on fuel purchases between ₹500 and ₹4,000 across petrol pumps in India. • Foreign Currency Markup: 3.50% + GST on international transactions. • Finance Charges (APR): 3.50% per month (42.0% annualized) on revolving balances.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its ₹499 renewal fee.

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Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Eligibility criteria not specified

Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding Landmark Rewards SBI Card application, fees, reward redemption, and eligibility

How do I redeem points earned on Landmark Rewards SBI Card?

Points are worth ₹0.25 each and can be redeemed instantly at checkout across all physical and online Lifestyle, Max Fashion, Home Centre, and SPAR stores in India toward your billing amount.

What is the welcome benefit on this card?

You receive a ₹500 Landmark shopping voucher upon payment of the ₹499 joining fee and completion of initial card activation.

How can I waive the annual renewal fee on Landmark Rewards SBI Card?

The annual fee of ₹499 is waived if your cumulative retail spending across all categories reaches ₹1,00,000 or more during the preceding card anniversary year.

Does Landmark Rewards SBI Card offer airport lounge access?

No. The base Landmark Rewards card does not include complimentary lounge access. If you need lounge visits, consider upgrading to the SELECT (4 visits) or PRIME (8 visits) variants.

What is the joining and annual renewal fee for Landmark Rewards SBI Card?

The joining fee for Landmark Rewards SBI Card is ₹499 (one-time), and the annual renewal fee is ₹499 from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on Landmark Rewards SBI Card be waived?

Yes, the annual renewal fee of ₹499 is waived upon achieving annual spends of ₹1 lakh in the preceding card anniversary year.

What are the primary rewards and cashback earn rates on Landmark Rewards SBI Card?

Landmark Rewards SBI Card offers 10 Reward Points/₹100 Spent at Online & Retail Landmark Stores; 5 Reward Points/₹100 Spent on Dining and Movies; 1 Reward Point/₹100 Spent on Other Retail Purchases. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does Landmark Rewards SBI Card offer complimentary airport lounge access?

No, Landmark Rewards SBI Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.