In-depth review
Landmark Rewards SBI Card
The ₹499 entry rung of SBI's Landmark ladder: 10 Reward Points per ₹100 (~2.5%) at Lifestyle, Home Centre, Max and Spar, a ₹500 welcome that covers most of the ₹589 all-in fee, and up to ₹2,000 in milestone points. A cheap, honest loyalty card if you shop the Landmark Group — but points are worth ₹0.25 and only really redeem in those stores.
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
10 points/₹100 on Online Shopping (~2.5% value)
10 Reward Points per Rs.100 (~2.5%) at online & retail Landmark stores — Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy
1.25% on Dining
5 Reward Points per Rs.100 (~1.25%) on dining, movies and international spends
Milestone Bonus
~₹2,000 in bonus rewards on hitting annual spend milestones
For occasional Lifestyle, Home Centre, Max and Spar shoppers — or first-time cardholders loyal to the Landmark Group — who want a near-free store-rewards card without premium extras.
Full reward structure
What you earn on every rupee, per spend category — as of 11 Oct 2026. Rates assume 1 pt = ₹0.25. How we value points →
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shoppingonly at Landmark stores | reward points | 2.5%10 pts/₹100 × ₹0.25 | — |
| Dining | reward points | 1.25%5 pts/₹100 × ₹0.25 | — |
| International | reward points | 1.25%5 pts/₹100 × ₹0.25 | — |
| Other | reward points | 0.25%1 pts/₹100 × ₹0.25 | — |
Online Shopping: 10 Reward Points per Rs.100 (~2.5%) at online & retail Landmark stores — Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy · Landmark stores
Dining: 5 Reward Points per Rs.100 (~1.25%) on dining, movies and international spends
International: 5 Reward Points per Rs.100 (~1.25%) on international spends
Other: 1 Reward Point per Rs.100 (~0.25%) on other retail purchases; fuel, rent, government, gaming, wallet & EMI earn nothing. 4 RP = Rs.1
Earns nothing on: Fuel · Rent · Government & Tax · Online Gaming · 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 |
| Forex markup | 3.5% |
Perks & benefits
Estimated annual value beyond rewards — ~₹3,200/yr in total.
1% fuel surcharge waiver on transactions between Rs.500 and Rs.3,000; max waiver Rs.100 per statement cycle
8,000 bonus Reward Points (worth Rs.2,000) on annual retail spends of Rs.2 lakh
Spend milestone
- ₹2,00,000 a year₹2,000 of value
Should you get it?
- Best for: Occasional shoppers at Lifestyle, Home Centre, Max and Spar, First-time cardholders loyal to the Landmark Group, Shoppers who want a low-fee store-rewards card without premium extras
- Entry tier — great for first-time and lower-spend users.
- Strongest value if you spend heavily on Dining (1.25% back; 2.5% only at Landmark stores).
Pros & cons
✓ Pros
- 10 Reward Points per Rs.100 (~2.5%) at Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy
- Low Rs.499 fee with a Rs.500 welcome-points benefit that covers most of the Rs.589 all-in fee
- 8,000 bonus points (Rs.2,000) on Rs.2 lakh annual spend; points redeem instantly in-store
- Simple, cheap entry to the Landmark rewards ecosystem
✕ Cons
- Rewards value only Rs.0.25 each and are most useful only at Landmark Group stores
- Base rate is a token 1 RP per Rs.100 (~0.25%); fuel, rent, government, gaming, wallet and EMI earn nothing
- No lounge access and no spend-based fee reversal
Eligibility & documents
Documents required
- 📄PAN card
- 📄Aadhaar / valid address proof
- 📄Income proof — salary slips (salaried) or ITR (self-employed)
- 📄Recent passport-size photograph
How to redeem rewards
Ways to convert what you earn into real value.
- 🎁Closed-loop only: convert Reward Points into Landmark Rewards (LMR) by calling the SBI Card helpline — 2.4 Reward Points = 1 LMR = Rs. 0.60, i.e. Rs. 0.25 a point
- 🎁Spend the resulting Landmark Rewards in-store at Lifestyle, Home Centre, Spar, Max, Baby Shop and EasyBuy
- 🎁A redemption fee of Rs. 99 plus GST applies below 1,000 points — enough to wipe out a small balance
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 are worth only ₹0.25 each and are most useful only at Landmark Group stores.
Frequently asked questions
How does the Landmark Rewards SBI Card earn?
What is the fee and is it waived?
What welcome and milestone benefits does it give?
How do I redeem the points?
How has the Landmark Rewards SBI Card changed over time?
Has the Landmark Rewards SBI Card been devalued recently?
When did the Landmark Rewards SBI Card's fees last change?
How did the Landmark Rewards SBI Card change in 2025?
The bottom line
The cheap, honest way into SBI's Landmark ladder — at ₹499, most of it covered by a ₹500 welcome, it pays ~2.5% at Landmark stores plus up to ₹2,000 in milestone points. If you shop the Landmark Group it is easy value; if you don't, the 0.25% base rate and Landmark-only redemption make it a specialist card whose rewards you can't really spend elsewhere.
How this page was built
Counted from this card’s own record: 4 earn rules, 1 paid only at named merchants, the spends listed as earning nothing and 2 recorded perks.
Last updated 11 Oct 2026.
Sources & verification
Fees, reward rates, and benefits for the Landmark Rewards 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.
Landmark Rewards SBI Card
The ₹499 entry rung of SBI's Landmark ladder: 10 Reward Points per ₹100 (~2.5%) at Lifestyle, Home Centre, Max and Spar, a ₹500 welcome that covers most of the ₹589 all-in fee, and up to ₹2,000 in milestone points. A cheap, honest loyalty card if you shop the Landmark Group — but points are worth ₹0.25 and only really redeem in those stores.
Landmark Rewards SBI Card SELECT
A ₹1,499 mid-tier co-brand for Landmark Group shoppers: 15 Reward Points per ₹100 (~3.75%) at Lifestyle, Home Centre, Max and Spar, plus a 6,000-point welcome (₹1,500) and 12,000 points a year (₹3,000) at ₹3 lakh of spend. The sensible middle step — cheaper than PRIME, more rewarding than the base card — if you shop those stores. Poor value if you don't.
Landmark Rewards SBI Card PRIME
A ₹2,999 premium co-brand for Landmark Group loyalists: 25 Reward Points per ₹100 (~6.25%) at Lifestyle, Home Centre, Max and Spar, 12,000 welcome points (₹3,000) in year one plus 20,000 a year (₹5,000) at ₹5 lakh of spend, plus lounge access and Priority Pass. Excellent if you shop those stores heavily — weak value otherwise, with a 0.5% base rate and no fee reversal.
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 Apr 2026
2026
- ▼ RedemptionEffective 1 Apr 2026
Statement-credit redemption capped
Uncapped, any amount→Max 60,000 pts/month, in 4,000-pt multiples
From 1 April 2026 SBI Card capped reward-point statement-credit redemption at 60,000 points a month and only in multiples of 4,000 points. Recorded here 2026-08-06 - the cap applies across SBI's Reward Point cards and had been carried on only a few card files.
Verification: SBI Card ↗ · Confidence: High
2025
- ◆ LaunchEffective 11 Nov 2025
Landmark Rewards SBI Card launched
SBI Card and Landmark Rewards launched the Landmark Rewards SBI Card, the ₹499 entry rung of a fresh three-card co-brand ladder (SELECT at ₹1,499, PRIME at ₹2,999) — presented at the time as distinct from the older SBI–Landmark line, though SBI's own 1 August 2025 notice already names all three tiers under the previous Lifestyle / Home Centre / Spar / Max branding — so this is better read as a rebrand than a launch. It earns 10 Reward Points per ₹100 (~2.5%) at Landmark Group stores — Lifestyle, Home Centre, Max, Spar, Baby Shop and EasyBuy — 5 per ₹100 on dining, movies and international spends and 1 per ₹100 elsewhere (4 RP = ₹1, redeemed in-store), with a welcome benefit of 2,000 bonus Reward Points (worth ₹500) on payment of the annual fee, an 8,000-point (₹2,000) milestone at ₹2 lakh annual spend and a 1% fuel-surcharge waiver; fuel, rent, government, gaming, wallet and EMI earn nothing, and there is no lounge access or spend-based fee reversal.
Verification: SBI Card ↗ · Confidence: High
- ▼ FeeEffective 1 Nov 2025
Portfolio fee revision (education and wallet-load fees added)
SBI Card's portfolio-wide fee revision added a 1% fee on education payments made through third-party apps and a 1% fee on every wallet load above Rs.1,000, alongside higher cash-payment, cheque-dishonour and cash-withdrawal charges. The MITC also carries a 1% Utility Payments Fee where utility spend exceeds Rs.50,000 in a billing cycle (from 1 Dec 2024) and a Rs.199 processing fee on every rent-payment transaction. Recorded here 2026-08-06; the change applied portfolio-wide but had only been carried on a single card file.
Verification: SBI Card ↗ · Confidence: High
- ▼ RewardEffective 1 Sept 2025
Gaming and government spends stop earning
Reward Points earned→No Reward Points on digital gaming platforms or government transactions
SBI's customer notice dated 1 August 2025 states that from 1 September 2025, accrual of Reward Points on spends at Digital Gaming Platforms and Merchants, and on Government-related transactions, is discontinued for the Lifestyle Home Centre / Spar / Max SBI Credit Card and its SELECT and PRIME variants. Recorded here 2026-08-06. Note what the notice also shows: SBI already named all three tiers under the previous brand a full three months before the 11 November 2025 date our timeline carried as a launch, which is why that event is now described as a rebrand.
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-landmark#value-timeline">Landmark Rewards SBI Card value timeline</a>, CardAdvisor (CC BY 4.0).
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