In-depth review
Apollo SBI Card
The Rs. 499 entry health card: 3X Reward Points (~3%) plus up to 10% instant discount on Apollo services, 2X on dining and entertainment, and a OneApollo Gold membership. Points redeem as Apollo Health Credits with instant POS redemption. A cheap, honest pick — but only if Apollo Pharmacy is part of your routine.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹500 in vouchers, points or cashback in year one — usually conditional on a first spend within 30–90 days
3 points/₹100 on Groceries (~3% value)
3X Reward Points per Rs. 100 (~3%) on all Apollo services, plus up to 10% instant discount at select Apollo services. 1 RP = Re.1. Applies to health/pharmacy spends, not all grocery
2% on Dining
2X Reward Points per Rs. 100 (~2%) on Dining, Movies & Entertainment; 1 RP = Re.1
Annual Fee Waiver
Fee of ₹499 + 18% GST (₹589 all-in)/yr fully waived when you spend ₹1,00,000/year
OTT Subscription
Complimentary OneApollo Gold Tier membership, granted as a welcome benefit — it is not spend-gated
🎬 ENTERTAINMENT BENEFITS
Movies, OTT subscriptions and entertainment perks.
For the Apollo Pharmacy regular — a household with recurring medicine, wellness or clinic spends who wants a cheap, low-commitment way to earn value back at the counter.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹1.00. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Groceriesonly at Apollo 24|7, Apollo Pharmacy, Apollo Hospitals & Clinics | reward points | 3%3 pts/₹100 × ₹1.00 | — |
| Dining | reward points | 2%2 pts/₹100 × ₹1.00 | — |
| Other | reward points | 0.5%0.5 pts/₹100 × ₹1.00 | — |
Groceries: 3X Reward Points per Rs. 100 (~3%) on all Apollo services, plus up to 10% instant discount at select Apollo services. 1 RP = Re.1. Applies to health/pharmacy spends, not all grocery · Apollo 24|7, Apollo Pharmacy, Apollo Hospitals & Clinics
Dining: 2X Reward Points per Rs. 100 (~2%) on Dining, Movies & Entertainment; 1 RP = Re.1
Other: 1 RP per Rs. 200 (~0.5%) on other purchases; 1 RP per Rs. 100 (~1%) on Beauty & Wellness. Reward Points convert to Apollo Health Credits at Re. 1 each
Earns nothing on: Fuel · Rent · Government & Tax · Wallet Loads · EMI Conversions · Cash Advances
These spends earn no rewards at all — not a reduced rate, and not the base rate. They are also normally left out of any milestone or fee-waiver calculation.
Fees & charges
The numbers that matter beyond rewards — verify on the issuer site before applying. Fees below are shown inclusive of 18% GST, as of 11 Oct 2026.
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Add-on card fee | Free |
Perks & benefits
Estimated annual value beyond rewards — ~₹900/yr in total.
Complimentary OneApollo Gold Tier membership, granted as a welcome benefit — it is not spend-gated
1% fuel surcharge waiver at all petrol pumps across India; maximum Rs. 100 per month
Should you get it?
- Best for: Regular Apollo Pharmacy shoppers, Households with recurring medicine and wellness spends, First-time cardholders wanting a low-fee health card
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on Dining (2% back; 3% only at Apollo 24|7, Apollo Pharmacy, Apollo Hospitals & Clinics).
Pros & cons
✓ Pros
- Very low Rs. 499 fee, waived on Rs. 1 lakh of annual spend
- 3X points plus up to 10% instant discount on Apollo services
- Complimentary OneApollo Gold Tier membership and Rs. 500 welcome points
- Instant point redemption at Apollo POS terminals
✕ Cons
- Reward Points redeem only as Apollo Health Credits - narrow value outside Apollo
- Off-Apollo earn rate is minimal (0.5% on general spends)
- No lounge access or travel benefits
- 3.5% forex markup; not built for international use
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar / address proof
- 📄Income proof (salary slips or ITR)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Reward Points convert 1:1 to Apollo Health Credits (Re. 1 each)
- 🎁Instant redemption available at participating Apollo POS terminals
What your SBI Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Capped at 60,000 pts/month from Apr 2026
Vouchers & merchandise
Reward Points stay inside the Apollo ecosystem and general spends earn just 0.5%, so outside Apollo the card barely earns; there is also no lounge or travel benefit.
Frequently asked questions
Who benefits most from the Apollo SBI Card?
How do the Reward Points work?
Is the annual fee waivable?
How has the Apollo SBI Card changed over time?
Has the Apollo SBI Card been devalued recently?
When did the Apollo SBI Card's fees last change?
The bottom line
A small, honest card that does one thing well: reward Apollo spending cheaply, with the unusually practical benefit of instant redemption at the pharmacy till. For an Apollo regular the ₹499 fee is close to free once the welcome points and waiver are counted. For anyone who never uses Apollo it is simply the wrong card.
How this page was built
Counted from this card’s own record: 3 earn rules, 1 paid only at named merchants, the spends listed as earning nothing and 2 recorded perks. The renewal fee is conditional — it is waived on a published spend target, so the fee you pay depends on what you spend.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Apollo SBI Card are taken from SBI Card's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page. Last updated 11 Oct 2026. Reviewed by Devchandra Sah. Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for SBI Card. All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
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Guides and reviews related to this card.
Apollo SBI Card
The Rs. 499 entry health card: 3X Reward Points (~3%) plus up to 10% instant discount on Apollo services, 2X on dining and entertainment, and a OneApollo Gold membership. Points redeem as Apollo Health Credits with instant POS redemption. A cheap, honest pick — but only if Apollo Pharmacy is part of your routine.
Apollo SBI Card SELECT
A health-focused co-brand that pays 10 Reward Points per Rs. 100 (~10%) at Apollo 24|7 and Apollo Pharmacy, plus up to 25% Circle value back, a 1-year FITPASS PRO membership, a health check-up and lounge access. But points redeem only as Apollo Health Credits — so it only makes sense if Apollo is genuinely part of your life.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2025 · last change Nov 2025
2025
- ▼ FeeEffective 1 Nov 2025
1% fee on third-party education payments & wallet loads
No surcharge on education/wallet-load spends→1% fee on 3rd-party education fees & wallet loads over ₹1,000
In its system-wide fee revision effective 1 November 2025, SBI Card added a 1% fee on education-fee payments made via third-party apps/aggregators (Paytm, PhonePe, Razorpay, etc.; direct school/college website or campus POS payments stay free) and a 1% fee on digital-wallet loads exceeding ₹1,000. Applies to the Apollo SBI Card.
Verification: SBI Card ↗ · Confidence: High
- ◆ LaunchEffective 15 May 2025
Apollo SBI Card launched
SBI Card and Apollo HealthCo launched the Apollo SBI Card as the ₹499 entry tier of a two-card healthcare co-brand (alongside the ₹1,499 SELECT), billed as a first-of-its-kind health card. It debuted with 3X Reward Points per ₹100 (~3%) plus up to 10% instant discount on Apollo services, 2X on dining and entertainment, 1 RP per ₹200 (~0.5%) elsewhere, a 500-point welcome, complimentary OneApollo Gold Tier membership and a 1% fuel-surcharge waiver. Each point is worth Re.1, redeemable as Apollo Health Credits, an Apollo voucher, or instantly at the Apollo POS counter; the ₹499 renewal fee is waived at ₹1 lakh annual spend, with no lounge or travel benefit.
Verification: CardAdvisor Research · Confidence: Reconstructed
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
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Source: <a href="https://cardadvisor.in/cards/sbi-apollo#value-timeline">Apollo SBI Card value timeline</a>, CardAdvisor (CC BY 4.0).
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