Landmark Rewards SBI Card Review 2026: 2.5% at Lifestyle and Max for ₹499 & FAQs
Landmark Rewards SBI Card costs ₹499 and pays 2.5% at Lifestyle, Max, Home Centre and other Landmark Group stores, uncapped, with 2,000 bonus points worth ₹500 every year. Full maths, fees and FAQs.
The Landmark Rewards SBI Card is the entry rung of SBI's Landmark range: ₹499 a year, 2.5% at Landmark Group stores, 1.25% on dining, movies and international spends, and 0.25% on everything else — all uncapped.
There is no spend-based fee waiver on any Landmark card. Instead, 2,000 bonus Reward Points worth ₹500 arrive on payment of the fee every year — which covers it exactly, with no spend threshold to clear.
Landmark Rewards SBI Card Quick Overview
| **Card type** | Entry retail co-brand — Landmark Group |
|---|---|
| **Best for** | Lifestyle, Max and Home Centre shoppers who want a cheap dedicated card |
| **Joining / annual fee** | ₹499 + GST, same on renewal — **no spend-based waiver** |
| **Network** | Visa, Mastercard or RuPay |
| **Landmark Group stores** | **2.5%** — 10 Reward Points per ₹100, uncapped |
| **Dining, movies, international** | **1.25%** — 5 Reward Points per ₹100, uncapped |
| **Everything else** | **0.25%** — 1 Reward Point per ₹100 |
| **Reward value** | ₹0.25 per point (4 RP = ₹1) |
| **Welcome benefit** | 2,000 bonus Reward Points, worth ₹500 |
| **Renewal benefit** | **2,000 bonus Reward Points every year** — ₹500 |
| **Milestone** | 8,000 bonus points (₹2,000) at ₹2 lakh annual spend |
| **Lounge access** | None |
Eligibility Criteria
SBI Card publishes no age or income threshold. Approval rests on its own assessment of income, credit history and internal scoring. Indian residency and a valid PAN are required. Add-on cards are free.
The Annual Bonus Replaces the Fee Waiver
There is no spend-based fee reversal on any Landmark card. SBI's pages do not address the question either way, and third-party databases confirm the absence.
What the card does instead: 2,000 bonus Reward Points, worth ₹500, on payment of the annual fee — every year. SBI's wording is "on payment of annual fees", not "on joining".
₹500 against a ₹499 fee means the card pays for itself the moment you pay for it, with no threshold to clear. Compare SimplySAVE at the same ₹499, which needs ₹1 lakh of annual spend before its fee is reversed. For a light spender, the Landmark structure is straightforwardly better — you get your money back whether you spend ₹20,000 or ₹2 lakh.
Reward Structure
| Spend | Points | Effective rate | Cap |
|---|---|---|---|
| **Landmark Group stores** | 10 RP per ₹100 | **2.5%** | **None** |
| **Dining, movies and international spends** | 5 RP per ₹100 | **1.25%** | **None** |
| Everything else | 1 RP per ₹100 | **0.25%** | **None** |
| Fuel, rental, government, gaming, wallet, EMI | Nil | **0%** | — |
No caps on any rate.
The Landmark Group brands are Lifestyle, Max Fashion, Home Centre, EasyBuy, SPAR and Babyshop, and the rate applies online and in store.
2.5% uncapped at a ₹499 fee is strong for the entry tier. SimplySAVE's best rate is 1.67% and it caps the band at 5,000 points a month; this card has no cap at all.
Two modelling notes worth knowing:
- Comparison engines will understate this card at SPAR and Babyshop. Those two have no distinct merchant identity in the underlying data, so automated calculators score spend there at the 0.25% base rate rather than 2.5%. Lifestyle, Max Fashion, Home Centre and EasyBuy are recognised.
- The international element cannot be modelled. Geography is not a merchant category, so calculators apply only the dining and movies legs of the 1.25% band. And with a 3.5% forex markup, earning 1.25% on foreign spend leaves you 2.25% down anyway.
The exclusion list is wider than most SBI cards: fuel, rental, government spends, gaming, wallet loads and EMI all earn nothing.
Milestone
8,000 bonus Reward Points — ₹2,000 — at ₹2,00,000 of annual spend.
One rung, at about ₹17,000 a month. Combined with the ₹500 annual bonus, a cardholder clearing ₹2 lakh takes ₹2,500 in fixed benefits — five times the fee — before the earn rate.
That milestone is the card's best-value feature. ₹2,000 on ₹2 lakh is a 1% return on the threshold, on top of whatever the rates deliver.
No Lounge Access
Worth stating plainly: the entry Landmark card has no airport lounge programme, no insurance and no other travel benefit. The SELECT adds four domestic visits a year; the PRIME adds eight plus four international.
Worked Example
Illustrative, at ₹18,000 a month — ₹2.16 lakh a year, clearing the milestone:
| Category | Monthly spend | Rate | Points | Value |
|---|---|---|---|---|
| Lifestyle, Max, Home Centre | ₹4,000 | 2.5% | 400 | ₹100 |
| Dining and movies | ₹3,000 | 1.25% | 150 | ₹37.50 |
| Everything else | ₹9,500 | 0.25% | 95 | ₹23.75 |
| Fuel, rent, wallet | ₹1,500 | 0% | 0 | ₹0 |
| **Monthly total** | **₹18,000** | **645** | **₹161 — 0.9%** |
Annual tally:
| Reward Points earned | ₹1,935 |
|---|---|
| Annual bonus points (every year) | ₹500 |
| Milestone at ₹2 lakh | ₹2,000 |
| **Total** | **₹4,435** |
| Annual fee | ₹499 |
| **Net** | **₹3,936 — 1.82% of spend** |
Note that the fixed benefits — ₹2,500 — outweigh the ₹1,935 earned from spending. On this card, clearing ₹2 lakh matters more than optimising which categories you use it for.
Below ₹2 lakh the picture thins considerably: at ₹10,000 a month the card returns roughly ₹1,075 in points plus the ₹500 bonus, against a ₹499 fee — still positive, but the milestone is what makes it worthwhile.
Where You Won't Earn
SBI names the exclusions: fuel, rental, government spends, gaming, wallet and EMI, plus cash advances.
| Excluded | MCCs |
|---|---|
| Fuel | 5172, 5541, 5542, 5983 |
| Rent and property management | 6513, 7349 |
| Wallet loading | 6540, 6541 |
| Gaming | 5816, 7995 |
The fuel surcharge waiver is the whole fuel benefit: 1% reversed on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle.
SBI's range-wide transaction fees apply: ₹199 per rent payment, 1% on wallet loads above ₹1,000, 1% on utility payments once the cycle total passes ₹50,000, and 1% on education payments through third-party apps. Rent and wallet loads are *excluded from rewards and carry their own fee*.
Fees and Charges
| Charge | Amount |
|---|---|
| Joining fee | ₹499 + GST |
| Renewal fee | ₹499 + GST — **no spend-based reversal**, but 2,000 bonus points (₹500) every year |
| Add-on card fee | Nil |
| Finance charge | 3.75% per month — **45% per annum** |
| Interest-free period | 20 to 50 days; none if any part of last month's bill is unpaid |
| Forex markup | 3.5% |
| Cash advance fee | 2.5%, minimum ₹500 |
| Fuel surcharge waiver | 1% on ₹500–₹3,000, max ₹100 per cycle |
| Late payment | ₹100 to ₹1,300 by balance |
| Overlimit | 2.5%, minimum ₹600 |
| Reward redemption fee | ₹99 on physical products, statement credit and physically-sent vouchers |
| GST | 18% on all of the above |
The ₹99 redemption fee deserves attention on a card this size. Redeeming 645 points — ₹161 — for a physical product leaves you ₹62. Accumulate and redeem in larger blocks, or redeem against the outstanding.
The Landmark Family Compared
| **Landmark Rewards** | SELECT | PRIME | |
|---|---|---|---|
| Annual fee | ₹499 | ₹1,499 | ₹2,999 |
| Landmark Group | **2.5%** | 3.75% | 6.25% |
| Dining / movies / international | **1.25%** | 2.5% | 2.5% |
| Base rate | **0.25%** | 0.5% | 0.5% |
| Annual bonus points | ₹500 | ₹1,500 | ₹3,000 |
| Milestone | **₹2,000 at ₹2 lakh** | ₹3,000 at ₹3 lakh | ₹5,000 at ₹5 lakh |
| Domestic lounge | **None** | 4 a year | 8 a year |
| International lounge | None | None | 4 a year |
All three cards cover their own fee through the annual bonus, so the comparison is really about rate and milestone, not cost.
Break-even from this card to the SELECT is roughly ₹80,000 of annual Landmark Group spend on the Landmark rate alone — though the SELECT also doubles the dining band and the base rate and adds lounge access, which shifts the crossover lower in practice.
Is the Landmark Rewards SBI Card Worth It?
Yes, for any Landmark Group shopper. 2.5% uncapped at Lifestyle, Max and Home Centre, with the ₹499 fee covered by the annual bonus regardless of spend, is a clean proposition with essentially no downside.
Yes, if you can clear ₹2 lakh a year. The ₹2,000 milestone is the single biggest component of the card's return.
Yes, as a cheap second card. It costs nothing net and earns well in one place — a sensible companion to a general-purpose card.
No, as a primary card. A 0.25% base rate is among the weakest in SBI's range, and there is no lounge access, insurance or travel benefit of any kind.
Consider the SELECT if your Landmark spend exceeds roughly ₹80,000 a year, or if you want the doubled dining band and lounge access.
Frequently Asked Questions
What is the annual fee of the Landmark Rewards SBI Card? ₹499 plus GST, on joining and renewal. There is no spend-based fee reversal — but 2,000 bonus Reward Points worth ₹500 are credited on payment of the fee every year, which covers it.
What is the reward rate at Landmark Group stores? 10 Reward Points per ₹100 — 2.5% at 4 points to the rupee, uncapped, online and in store.
Which brands count as Landmark Group? Lifestyle, Max Fashion, Home Centre, EasyBuy, SPAR and Babyshop. Comparison tools may not recognise SPAR and Babyshop and will understate the card there.
Do the bonus points recur every year? Yes. SBI's wording is "on payment of annual fees", so the 2,000 points arrive on every renewal, not only at joining.
Are the rates capped? No. SBI publishes no cap on any of the three rates — unlike SimplySAVE, which caps its accelerated band at 5,000 points a month.
What is the milestone benefit? 8,000 bonus Reward Points — ₹2,000 — at ₹2,00,000 of annual spend. On a ₹499 card that is the largest single component of the return.
Does the card offer lounge access? No. The entry Landmark card has no lounge programme and no insurance. The SELECT adds four domestic visits a year.
What is excluded from rewards? Fuel, rental, government spends, gaming, wallet loads and EMI, plus cash advances — a wider list than most SBI cards.
Cards Mentioned in This Article
