Titan SBI Credit Card Overall Rating: ★★★ (3.5/5) |
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| Co-branded Titan Benefits | ★★★ |
| Non-Titan Reward Benefits | ★★★ |
| Welcome & Milestone Benefits | ★★★ |
Note: This card is not available on Paisabazaar.com. The content on this page is for information only. To express interest in this card, please visit SBI Card website.
Titan SBI Card offers accelerated value-back on Titan-owned brands including Tanishq, Mia, Caratlane, Zoya, Taneira, Titan Eye+, Fastrack, Helios, Skinn, Sonata, Irth and World of Titan. Most of these brands do not belong to the ‘everyday spends’ category, but rather focus on high-value items like gold and jewellery and mid-range products like bags, perfumes, watches, premium apparel, etc.
People who spend a significant amount on jewellery stand to benefit the most in the form of cashback and vouchers. With four different jewellery brands in the list- Tanishq, Mia, Caratlane and Zoya- users have more opportunities to explore options, make purchases and earn value-back. Unlike most cards where reward points or cashback is credited monthly, the Titan SBI Card provides value-back on quarterly spend value and has quarterly capping. On spends other than the above mentioned Titan brands, you get 1.5% value-back in the form of reward points. The points can be redeemed to get Titan vouchers, reaffirming the card’s co-branded identity.
While this partnership is advantageous for individuals making frequent high-end purchases, it may not suit those seeking savings on everyday expenses like groceries, dining, or general online spending. So if you are looking to save on practical everyday categories, this card may not be the right choice.
Video: Quick Review of Titan SBI Credit Card
Note: Details mentioned in the video have been sourced from the issuer’s website as of June 2024. For updated information, refer to this page.
Titan SBI Credit Card Rewards Program
Rewards on Titan Brands
Titan SBI Credit Card offers accelerated earnings on quarterly in-store spends made on select Titan brands as shown in the table below:
| Brands | Value Back Percentage | Quarterly Capping |
| Tanishq | 3% value back (as Gift Vouchers) | Rs. 25,000 |
| Mia/Caratlane/Zoya | 5% cashback | Rs. 10,000 |
| World of Titan, Taneira, Titan Eye+, Helios, Fastrack, Skinn, Irth & Sonata | 7.5% cashback | Rs. 10,000 |
The value-back model on Titan SBI Card is slightly different from other cashback or rewards credit cards as you earn value-back per quarter instead of the usual monthly cashback/rewards. For spends made on Tanishq, you will get gift vouchers instead of direct cashback, which can be used on Tanishq for your future purchases. For spends made on other Titan brands, the cashback is auto-credited within 5 days of the next statement generation. Moreover, benefits are provided on in-store purchases; SBI Card has not given clarity on whether online spends with these brands would be equally rewarded.
Let’s take an example to understand how much you could save. So, if you spend Rs. 1 Lakh each on Tanishq and Caratlane in a quarter, you can save Rs. 3,000 on Tanishq and Rs. 5,000 on Caratlane. Savings of Rs. 8,000 on total spends of Rs. 2 Lakh may look like a small number but since most cards do not offer any value-back on these categories, putting such spends on the Titan card makes sense. Cashback of 7.5% across other brands is also higher than what other co-branded cards would offer on the associated platforms. However, an important point to consider here is that Titan Eye+, Fastrack, Skinn, etc. are not everyday brands and you may not be able to earn maximum cashback of Rs. 10,000 every quarter, as you would have to spend around Rs. 1.30 Lakh per quarter on these brands.
Rewards on Non-Titan Spends
Spend made on brands other than the select Titan store (as mentioned above) will earn reward points at the rates shown below:
- 6 reward points per Rs. 100 spent on all other categories outside Titan spends
- Use your reward points to redeem against a wide array of Titan Vouchers, at a value of 1 reward point = Rs. 0.25
Excluded categories: Fuel, wallet upload, property rental and utility spends.
Reward rate of 1.5% across all other spends is decent for a co-branded card. However, unlike other cards that offer multiple redemption options across cash, product catalogue, etc., here the rewards can be redeemed only as Titan vouchers, which could be limiting for some users. With reward redemptions circling back to Titan brands, the card reinforces its identity as a co-branded card rather than being a versatile rewards credit card.
Welcome, Renewal & Milestone Benefits
Card Activation Benefits
- 12,000 reward points worth Rs. 3,000 on payment of the joining fee
Renewal Benefit
- Annual fee reversal on spends of Rs. 3 Lakh
Milestone Benefits
- Additional Rs. 5,000 worth benefits on annual spends of Rs. 5 Lakh
- Additional Rs. 10,000 worth benefits on annual spends of Rs. 10 Lakh
The card compensates for the joining fee charged by providing reward points worth Rs. 3,000. Also, with the accelerated benefit targeted towards brands like Tanishq, Mia, Caratlane, Zoya, Taneira, etc., the fee waiver criteria of Rs. 3 Lakh is easily achievable. For instance, a user spending around Rs. 75,000 per quarter for their jewellery purchase can easily meet the fee waiver criteria, in addition to earning up to 7.5% cashback on the quarterly spends.
In comparison to other credit cards, that keep the spend threshold comparatively lower for the milestone benefits, this card keeps it quite high at Rs. 5 Lakh and Rs. 10 Lakh. This further indicates that the benefits can be maximized by those who like making big-ticket purchases via their credit card frequently and, in this case, preferably on the partnered Titan brands.
Lounge Access
The card tries to touch the travel segment as well, by offering complimentary lounge access as follows:
- 8 complimentary domestic airport lounges access in a year (2 per quarter)
- 4 complimentary international airport lounges in a year , (2 per quarter, complimentary for first two years)
- Complimentary Priority Pass Membership
Most co-branded credit cards (except those belonging to travel segment) come with basic lounge access feature, generally covering only domestic lounges. However, 8 domestic and 4 international visits in a year come as an added advantage for the Titan SBI Card. Consumers must note that this is the only travel-focused feature on the card. Apart from this, the card does not extend any benefit in the travel category, like complimentary memberships, hotel benefits, etc., which you could find on general rewards or all-rounder cards in this price range.
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