In-depth review
KrisFlyer SBI Card Apex
A ₹9,999 super-premium co-brand built for Singapore Airlines loyalists: 10 KrisFlyer Miles per ₹200 on SIA, miles credited straight to your KrisFlyer account, a 10,000-mile welcome and a fast-track to Elite Gold status. Powerful for frequent SIA flyers, hard to justify for anyone else.
Read the full review →Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹5,000 in vouchers, points or cashback in year one — usually conditional on a first spend within 30–90 days
2% on International
8 KrisFlyer Miles per Rs.200 on international spends
1.5% on Other
6 KrisFlyer Miles per Rs.200 on other eligible spends, INCLUDING domestic travel that is not a Singapore Airlines Group ticket. SBI's accelerated rate is scoped to SIA spends only, which no spend category can express, so it is described in prose and not scored. Miles expire 36 months after accrual
Airport Lounge Access
Complimentary: 8 domestic airport lounge visits a year (2 a quarter) and 8 international (2 a quarter)
Milestone Bonus
~₹5,000 in bonus rewards on hitting annual spend milestones
Insurance Cover
Baggage loss/delay cover of Rs.1 lakh and fraud loss cover of Rs.10 lakh.
✈️ TRAVEL BENEFITS
Lounge access, miles, forex rates and travel perks at a glance.
AIRPORT LOUNGE ACCESS
8 visits/yr
Domestic lounges
Priority Pass
International lounges
₹12,000
Estimated annual value
3.5%
Forex markup
- Domestic + international airport lounge access (8 domestic visits/yr, worth ~₹12,000)
- Travel insurance cover included
👑 PREMIUM LIFESTYLE BENEFITS
Concierge, golf, hotel membership and high-value perks for premium cardholders.
₹5,000
Milestone bonus value
- Travel insurance and accident cover
- 10,000 bonus KrisFlyer Miles at Rs.5 lakh of annual spend. Separately, 3,000 more at Rs.10 lakh of CUMULATIVE lifetime spend, and a tier upgrade to KrisFlyer Elite Gold on Rs.7.5 lakh of Singapore Airlines spend.
For the frequent Singapore Airlines flyer chasing KrisFlyer Miles and Elite Gold status who will use the international lounge access; poor value for anyone who doesn't fly SIA regularly.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.50. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| International | airline miles | 2%4 pts/₹100 × ₹0.50 | — |
| Other | airline miles | 1.5%3 pts/₹100 × ₹0.50 | — |
International: 8 KrisFlyer Miles per Rs.200 on international spends
Other: 6 KrisFlyer Miles per Rs.200 on other eligible spends, INCLUDING domestic travel that is not a Singapore Airlines Group ticket. SBI's accelerated rate is scoped to SIA spends only, which no spend category can express, so it is described in prose and not scored. Miles expire 36 months after accrual
Earns nothing on: Fuel · Wallet Loads · Rent · Utility Bills · Government & Tax · Cash Advances · EMI Conversions
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) | ₹11,799 |
| Joining fee (incl. 18% GST) | ₹11,799 |
| Forex markup | 3.5% |
Perks & benefits
Estimated annual value beyond rewards — ~₹23,000/yr in total.
1% fuel surcharge waiver on transactions between Rs.500 and Rs.4,000 at all petrol pumps in India; maximum waiver Rs.250 per statement cycle.
Baggage loss/delay cover of Rs.1 lakh and fraud loss cover of Rs.10 lakh.
8 complimentary domestic lounge visits a year (2 per quarter) plus Priority Pass (worth $99) with 8 international visits a year (max 2 per quarter). Membership is primary-cardholder only and complimentary for 2 years; a $27 usage fee applies per visit beyond the quota.
10,000 bonus KrisFlyer Miles at Rs.5 lakh of annual spend. Separately, 3,000 more at Rs.10 lakh of CUMULATIVE lifetime spend, and a tier upgrade to KrisFlyer Elite Gold on Rs.7.5 lakh of Singapore Airlines spend.
Spend milestone
- ₹5,00,000 a year₹5,000 of value
Should you get it?
- Best for: Frequent Singapore Airlines flyers, Travellers chasing KrisFlyer Elite Gold status, High spenders who value Star Alliance redemptions, International travellers wanting Priority Pass
- Super Premium tier — built for high spenders who want top-end perks.
- Strongest value if you spend heavily on International (2% back).
- Frequent travellers benefit from the included airport lounge access.
Pros & cons
✓ Pros
- 10 KrisFlyer Miles per Rs.200 on Singapore Airlines — top-tier earning for SIA loyalists
- Miles credit directly to your KrisFlyer account, no separate conversion step
- Fast-track to KrisFlyer Elite Gold status on Rs.7.5L of Singapore Airlines spend
- Priority Pass with 8 international lounge visits plus 8 domestic visits a year
✕ Cons
- Steep Rs.9,999 fee that only frequent Singapore Airlines flyers will justify
- 6 miles per Rs.200 base is thin once KrisFlyer miles are valued realistically
- No renewal-fee waiver regardless of spend
- Little value for anyone not flying Singapore Airlines or Star Alliance
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.
- 🎁KrisFlyer Miles auto-credit to your KrisFlyer account on the statement date
- 🎁Redeem miles for Singapore Airlines and Star Alliance award flights and upgrades
- 🎁Use miles for cabin upgrades and KrisFlyer partner redemptions
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
The steep ₹9,999 fee has no renewal waiver and little value accrues to anyone not flying Singapore Airlines or Star Alliance.
Frequently asked questions
How does the KrisFlyer SBI Card Apex earn?
What is the welcome benefit?
Does it help with Singapore Airlines status?
What lounge access is included?
How has the KrisFlyer SBI Card Apex changed over time?
Has the KrisFlyer SBI Card Apex been devalued recently?
The bottom line
A specialist's card — outstanding for the Singapore Airlines loyalist chasing miles and Elite Gold, and hard to justify for everyone else. The ₹9,999 fee has no waiver and the base earn is modest, so match the card to your flying; if SIA is home it earns its keep, otherwise spend elsewhere.
How this page was built
Counted from this card’s own record: 2 earn rules, the spends listed as earning nothing and 4 recorded perks.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the KrisFlyer SBI Card Apex 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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KrisFlyer SBI Card Apex
A ₹9,999 super-premium co-brand built for Singapore Airlines loyalists: 10 KrisFlyer Miles per ₹200 on SIA, miles credited straight to your KrisFlyer account, a 10,000-mile welcome and a fast-track to Elite Gold status. Powerful for frequent SIA flyers, hard to justify for anyone else.
KrisFlyer SBI Card
The ₹2,999 mid-tier KrisFlyer co-brand: 5 miles per ₹200 on Singapore Airlines and international spends, miles credited straight to KrisFlyer, a 3,000-mile welcome and an easy fast-track to Elite Silver. A reasonable pick for occasional SIA flyers who want to build KrisFlyer Miles without the Apex's ₹9,999 fee.
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 2024 · last change Nov 2025
2025
- ▼ RedemptionObserved 25 Aug 2025 · Effective 1 Nov 2025
KrisFlyer miles devalued
Singapore Airlines raised KrisFlyer redemption and upgrade award prices from 1 November 2025 — its first adjustment since July 2022. Saver awards rose about 5% across most regions (10-20% for Africa, the Middle East and Turkey), trimming the realised value of the miles this card earns. Award bookings ticketed before the date were unaffected, and the card's own earn rates and fees did not change. Recorded on the APEX 2026-08-06 — the devaluation affects both KrisFlyer co-brands identically but had only been carried on the base card.
Verification: CardAdvisor Research · Confidence: High
2024
- ◆ LaunchObserved 30 Sept 2024 · Effective 1 Oct 2024
KrisFlyer SBI Card Apex launches
SBI Card and Singapore Airlines launched the KrisFlyer SBI Card Apex, the super-premium Mastercard tier of the co-brand, at a Rs.9,999 joining/annual fee. It earns 10 KrisFlyer Miles per Rs.200 on Singapore Airlines Group spend, 8 per Rs.200 international and 6 per Rs.200 elsewhere, with a 10,000-mile welcome, a further 10,000 at Rs.5L annual spend, 3,000 at Rs.10L, and a fast-track to KrisFlyer Elite Gold on Rs.7.5L of SIA spend.
Verification: SBI Card ↗ · Confidence: High
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-krisflyer-apex#value-timeline">KrisFlyer SBI Card Apex value timeline</a>, CardAdvisor (CC BY 4.0).
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