SBICard Launches 9 new Co-branded Credit Cards with Landmark Group

just as you may know, as  Landmark is done with their co – branded credit card relationship with standarad charted eff. 29th Feb 2020, they went all-in with SBICard for issuing the new co-branded credit cards.

This partnership between SBICard & Landmark Group adds 9 new cards to SBICard portfolio, under 3 major variants for each brand (Lifestyle & Home Center, Max & Spar). Let’s see if they’re worth it.

Prime Variant

• Fee: Rs.3000+GST (equivalent welcome benefit as RP’s)
• Landmark spends: 3.75% return on spend
• Dining/Movies: 2.5% return on spend
• Other retail spend: 0.5%
• Accelerated Rewards on Landmark Spends: 58,000 RP’s on 1.8L spend (8%)
• Accelerated Rewards on all retail spends: 20,000 RPs on 5L spend (1%)
• Lounge Access: Domestic 8/yr (2/qtr) ; International 4/yr (2/qtr) via priority pass

Ideally, you get north of 11% return on spend when you spend about 1.8L with Landmark brands.

That’s a handsome return but would you spend that much on apparel a year? Perhaps not, but chances of you spending that amount at Home Centre is pretty high indeed. So it definitely makes sense.

Even if you don’t spend much with Landmark, you continue to get 1.5% on all retail spend, as long as you spend 5L a year. So it works for others as well.

Select Variant

• Fee: Rs.1500+GST (equivalent welcome benefit as RP’s)
• Landmark, Dining & Movies spends: 2.5% return on spend
• Other retail spend: 0.5%
• Accelerated Rewards on Landmark Spends: 34,400 RP’s on 1.5L spend (5.5%)
• Accelerated Rewards on all retail spends: 12,000 RPs on 3L spend (1%)

So you get north of 8% return on spend when you spend about 1.8L with Landmark brands.

You continue to get 1.5% on all retail spend, as long as you spend 3L a year, similar tp the prime variant.

Base Variant

• Fee: Rs.500+GST (equivalent welcome benefit as RP’s)
• Landmark, Dining & Movies spends: 1.25% return on spend
• Other retail spend: 0.25%
• Accelerated Rewards on Landmark Spends: 16,400 RP’s on 95K spend (4.3%)
• Accelerated Rewards on all retail spends: 8,000 RPs on 2L spend (1%)

You get about 5.5% return on spend when you spend about 95K with Landmark brands.

You continue to get 1.25% on all retail spend, as long as you spend 2L a year