Reliance SBI Card announced — here's a look at key co-branded credit cards currently available

Reliance Retail has joined hands with SBI Card, a prominent player in the credit card sector, to introduce the Reliance SBI Card. This new co-branded credit card aims to offer an array of rewards and benefits for cardholders during their transactions at Reliance Retail stores.

Reliance SBI Card holders are set to enjoy exclusive rewards based on their spending patterns. These benefits will encompass special welcome perks, tailor-made travel and entertainment advantages, and even spends-based milestone rewards, such as renewal fee waivers and Reliance Retail vouchers.

This co-branded offering will be available in two distinct variants — the Reliance SBI Card and the Reliance SBI Card PRIME. The annual renewal fee for the Reliance SBI Card PRIME is ₹2,999, along with applicable taxes, while the Reliance SBI Card costs ₹499 plus taxes.

Cardholders also have the opportunity to waive the renewal fee upon reaching the annual spending milestones of ₹3,00,000 for PRIME card and ₹1,00,000 for the Reliance SBI Card.

As per an exchange filing, the primary aim is to provide a holistic and rewarding shopping experience across customer segments, catering to a wide range of spending needs, from mass-market consumers to premium clientele.

While the Reliance SBI Card announcement is a significant development in the co-branded credit card sector, it's not the only player in the game. Several other co-branded cards are available in the Indian market, each with its features and benefits.

As per Paisabazaar, among the top co-branded cards currently available in India are Amazon Pay ICICI Bank credit card, Flipkart Axis Bank credit card, Myntra Kotak credit card, Swiggy HDFC Bank credit card, Standard Chartered EaseMyTrip credit card, Yatra SBI card, and Axis Bank Vistara Signature credit card.

This credit card is suitable for those who primarily shop on Amazon. With no joining or annual fees, it offers attractive cashback rewards. Cashback earned on this card is credited to the user's Amazon Pay balance, which can be utilised for future purchases on the platform. With its focus on cashback and savings, this card is a strong choice for Amazon loyalists, according to Paisabazaar.

5% cashback on Amazon for Prime customers.

3% cashback on Amazon for Non-Prime customers.

2% cashback on Amazon Pay for partner merchant payments.

This card is tailored for online shopping enthusiasts and offers unlimited cashback with no cap on earnings. Besides benefits for online shopping, it provides substantial savings on lifestyle brands and categories, Paisabazaar said.

5% cashback for Flipkart.

₹600 savings on Flipkart and Swiggy combined on joining.

4% cashback on cult.fit, Swiggy, PVR, Tata Play, Cleartrip and Uber.

This credit card is designed for Myntra customers, offering substantial discounts on Myntra purchases. Users receive direct discounts, eliminating the need for reward points redemption. Along with co-branded benefits, cardholders can enjoy cashback on preferred merchants.

₹500 Myntra voucher on joining.

Up to 7.5% off on Myntra.

Myntra Insider membership.

Up to 5% cashback on Swiggy, Swiggy Instamart, PVR, Cleartrip and Urban Company.

This card offers cashback on various expenses, with cashback credited as Swiggy Money for future use. Ideal for Swiggy users, this card provides cashback for dining, food delivery, and daily purchases.

Up to 10% cashback on Swiggy food orders, Instamart, Dineout & Genie.

Swiggy One membership for three months on card activation.

This card is well-suited for travellers who book flights, hotels, and bus tickets through EaseMyTrip. Users can enjoy discounts on travel expenses, irrespective of the booking amount. The savings can be combined with other portal offers, enhancing the overall value of the card, as per Paisabazaar.

20% off on hotel & 10% off on flight bookings via EaseMyTrip.

₹125 off on EaseMyTrip bus tickets.

This credit card offers discounts on flights and domestic hotel bookings through Yatra platforms. Frequent travellers, especially within India, can save on their holidays using this card. It also provides reward points on other spending, redeemable for Yatra discount vouchers.

₹8,250 Yatra vouchers on joining.

₹ 1,000 off on a minimum domestic flight booking of ₹5,000 on Yatra.

₹4,000 off on a minimum international flight booking of ₹40,000 on Yatra.

20% off on a minimum domestic hotel booking of ₹3,000 on Yatra.

₹50 lakh air accident cover on flights booked via Yatra.com.