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SBI PULSE Credit Card- Best Health and Wellness Credit Card?



SBI PULSE Credit Card: Best health and wellness credit card-

Are you looking for a credit card that offers you rewards, benefits, and discounts on your health and fitness expenses? If yes, then you may want to check out the SBI Card PULSE, a new credit card launched by SBI Card, one of the leading credit card issuers in India.

 

The SBI Card PULSE is a fitness-focused credit card that is specially designed for those who follow an active lifestyle and want to take care of their health and wellness. The card offers you a host of features and benefits, such as:


  • A Noise ColorFit Pulse 2 Max Smart Watch worth Rs. 5,999 as a welcome gift on paying the joining fee of Rs. 1,499.

  • A complimentary one-year membership of NetMeds, an online pharmacy platform that offers discounts on medicines, health products and lab tests.

  • A complimentary one-year membership of FITPASS PRO, an app-based fitness service that gives you access to over 10,000 gyms and fitness studios across India.

  • Up to 8 complimentary domestic lounge access per year (2 per quarter) at select airports in India.

  • 10 reward points for every Rs. 100 spent on pharmacy, dining and entertainment transactions.

  • 2 reward points for every Rs. 100 spent on all other transactions.

  • A fraud liability cover of Rs. 1 lakh in case of loss or theft of your card.

  • An air accident cover of Rs. 50 lakh in case of death due to air travel using your card.

  • A fuel surcharge waiver of 1% on transactions between Rs. 500 and Rs. 4,000 at any petrol pump in India.

  • A Priority Pass membership worth $99 for the first two years, which gives you access to over 1,300 international lounges across the world.

  • An e-voucher worth Rs. 1,500 on spending Rs. 4 lakh or more in a year.

  • A reversal of the annual fee of Rs. 1,499 from the second year onwards, on spending Rs. 2 lakh or more in the previous year.

 

The SBI Card PULSE also comes with a contactless feature that allows you to tap your card at a terminal for quick and secure payments. You can also get add-on cards for your family members at no extra cost.


However, the card also has some drawbacks that you should keep in mind. The card has a high annual fee of Rs. 1,499 from the third year onwards, if you do not spend Rs. 2 lakh or more in a year. The card does not offer any reward points on utility bill payments, insurance premiums and EMI transactions. The card also does not have any cashback or discount offers on online shopping, travel or other categories.

 

Therefore, if you are looking for a credit card that offers you exclusive health benefits and rewards, the SBI Card PULSE may be a good option for you.


However, if you are looking for a credit card that offers you more features and benefits across different categories, you may want to compare other credit cards offered by SBI or other banks before making a decision.

There are not many credit cards in India that offer health and wellness benefits as their primary feature. However, some cards that do offer some health-related benefits are:

 

  1. HDFC Bank Health Plus Credit Card: This card offers you a welcome gift of Rs. 500 worth of Health Vouchers that can be redeemed at select health partners. You also get 5 reward points for every Rs. 150 spent on health-related categories such as hospitals, pharmacies, diagnostic centers, etc. You also get a free annual health check-up at Apollo Hospitals and a complimentary accidental death insurance cover of Rs. 50 lakh.

  2. ICICI Bank Coral American Express Credit Card: This card offers you a complimentary health check-up package worth Rs. 2,600 from Thyrocare once every year. You also get two free movie tickets every month from BookMyShow and four free domestic lounge visits per year. You also get 50% more reward points on online spends and a fuel surcharge waiver of 1% on transactions between Rs. 400 and Rs. 4,000.

  3. Axis Bank My Zone Credit Card: This card offers you a complimentary Zomato Pro membership for one year that gives you discounts and offers on dining out and food delivery. You also get 10x reward points on weekend dining and movies and 4x reward points on other categories. You also get four free domestic lounge visits per year and a fuel surcharge waiver of 1% on transactions between Rs. 400 and Rs. 4,000.

 

Pros and Cons of SBI Card PULSE

 

The SBI Card PULSE is a great credit card for those who want to save money and earn rewards on their health and fitness expenses. However, like any other credit card, it also has some pros and cons that you should consider before applying for it.

 

Pros:

 

- A generous welcome gift of a smartwatch worth Rs. 5,999.

- A low joining fee of Rs. 1,499, which can be reversed from the second year onwards.

- A complimentary membership of NetMeds and FITPASS PRO for one year each.

- Complimentary lounge access at domestic and international airports.

- Reward points on pharmacy, dining and entertainment transactions.

- Insurance cover for fraud liability and air accident.

- Fuel surcharge waiver on petrol transactions.

 

Cons:

 

- A high annual fee of Rs. 1,499 from the third year onwards, if you do not spend Rs. 2 lakh or more in a year.

- No reward points on utility bill payments, insurance premiums and EMI transactions.

- No cashback or discount offers on online shopping, travel or other categories.

 

Fees and Charges of SBI Card PULSE

 

The SBI Card PULSE has some fees and charges that you should be aware of before applying for it. Here is a summary of the most important ones:

 

Fee/Charge Amount

  • Joining Fee Rs. 1,499 + taxes

  • Annual Fee Rs. 1,499 + taxes (reversed from second year onwards on spending Rs. 2 lakh or more in previous year)

  • Add-on Fee Nil

  • Cash Advance Fee 2.5% of the amount withdrawn or Rs. 500 (Domestic ATMs), 2.5% of the amount withdrawn or Rs. 500 (International ATMs)

  • Finance Charges 3.50% per month or 42% per annum

  • Payment Dishonor Fee 2% of the payment amount; minimum of Rs. 450

  • Statement Request Fee Rs. 100 per statement (more than 2 months old)

  • Cash Payment Fee Rs. 250

  • Late Payment Fee From Rs.0 to Rs.500 - Nil

  • Cheque Payment Fee Rs. 100

  • Over Limit Fee 2.5% of the over limit amount; minimum of Rs. 600

  • Rewards Redemption Fee Rs. 99

  • Foreign Currency Transaction Fee 3.50%

 

Conclusion

 

The SBI Card PULSE is a credit card that offers you a range of benefits and rewards on your health and fitness expenses. It is ideal for those who want to take care of their well-being and also save money on their purchases. The card has a low joining fee and a generous welcome gift of a smartwatch. It also gives you complimentary memberships of NetMeds and FITPASS PRO, which can help you access discounts and services on medicines, health products, lab tests, gyms and fitness studios. The card also offers you reward points on pharmacy, dining and entertainment transactions, as well as complimentary lounge access at domestic and international airports. The card also provides you with insurance cover for fraud liability and air accident, as well as fuel surcharge waiver on petrol transactions.

 

However, the card also has some drawbacks that you should keep in mind. The card has a high annual fee of Rs. 1,499 from the third year onwards, if you do not spend Rs. 2 lakh or more in a year. The card does not offer any reward points on utility bill payments, insurance premiums and EMI transactions. The card also does not have any cashback or discount offers on online shopping, travel or other categories.

 

Therefore, if you are looking for a credit card that offers you exclusive health benefits and rewards, the SBI Card PULSE may be a good option for you. However, if you are looking for a credit card that offers you more features and benefits across different categories, you may want to compare other credit cards offered by SBI or other banks before making a decision.

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