Bank of Maharashtra and SBI Card Launch Co-Branded Credit Card

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Bank of Maharashtra, one of India’s leading public sector banks, has partnered with SBI Card, the country’s largest pure-play credit card issuer, to launch a new co-branded credit card – Bank of Maharashtra SBI Card. The card has been introduced in three variants: ELITE, PRIME, and SimplySAVE, offering customers a premium and rewarding shopping experience across categories.
This collaboration aims to combine the wide reach and trust of Bank of Maharashtra with the digital-first strengths and value-driven offerings of SBI Card. The co-branded credit card provides a range of benefits, including accelerated reward points, fuel surcharge waiver, utility bill payments, exclusive deals on travel, dining, and shopping, as well as contactless payment features for convenience and security.
Shri Nidhu Saxena, MD & CEO, Bank of Maharashtra, said, “This strategic partnership with SBI Card is aligned with our digital and customer-centric transformation journey. It will allow our customers to access a world-class credit card platform backed by the strong brand equity of both organizations. We are confident this collaboration will strengthen engagement and enhance value for our customers.”
Ms. Salila Pande, MD & CEO, SBI Card, added, “At SBI Card, customer-centricity drives us to seek partnerships that add value and expand our portfolio. The launch of Bank of Maharashtra SBI Card is another step in this direction, designed to deliver rewarding experiences and value in every transaction.”
The card will be available on both RuPay and VISA platforms, ensuring acceptance at millions of merchant outlets globally. Customers can apply for the card through Bank of Maharashtra branches.
This partnership marks an important milestone in India’s financial ecosystem by bringing together the strengths of a major public sector bank and the largest pure-play credit card issuer to further digital payments and financial inclusion.
Key Benefits | Bank of Maharashtra SBI Card ELITE | Bank of Maharashtra SBI Card PRIME | Bank of Maharashtra SimplySAVE SBI Card |
---|---|---|---|
Welcome Benefit | E-Gift voucher worth ₹5,000, applicable on platforms: Yatra, Hush Puppies, Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop | E-Gift voucher worth ₹3,000, applicable on platforms: Yatra, Hush Puppies, Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop | NA |
Rewards Benefit | Avail 5X reward points on dining, departmental stores & grocery spends Earn 2 reward points per ₹100 on all other spends, except fuel | Avail 10 reward points per ₹100 spent on departmental stores, groceries, dining & movie spends Earn 20 reward points per ₹100 spent on birthday & standing instructions on utility bill payments Earn 2 reward points per ₹100 on all other spends | Avail 10X reward points on dining, grocery, movie & departmental store spends Earn 1 reward point on every ₹150 on all other category spends |
Milestone Benefit | Earn up to 50,000 bonus reward points worth ₹12,500 annually Earn 10,000 bonus reward points on achieving annual spends of ₹3 lakhs and ₹4 lakhs Earn 15,000 bonus reward points on achieving annual spends of ₹5 lakhs and ₹8 lakhs Spend based reversal of annual fee on spends of ₹10 lakhs | Pizza Hut E-Gift voucher worth ₹1,000 on achieving spends of ₹50,000 in a calendar quarter E-Gift voucher worth ₹7,000 from Yatra.com, Pantaloons on achieving annual spends of ₹5 lakhs Waiver of renewal fee on annual spends of ₹3 lakhs | Spend based reversal of annual fee on achieving spends of ₹1 lakh |
Other Benefit | Free movie tickets worth ₹6,000 annually | NA | NA |
Airport Lounge Benefit | Complimentary membership of Priority Pass Program worth USD 99 6 complimentary international airport lounge visits per year 2 complimentary domestic airport lounge visits every quarter | Complimentary membership of Priority Pass Program worth USD 99 4 complimentary international airport lounge visits per year (max. 2 visits per quarter) 2 complimentary domestic airport lounge visits every quarter | NA |
Fuel Surcharge Waiver | 1% fuel surcharge waiver, maximum surcharge waiver of ₹250 per month, in a statement cycle | 1% fuel surcharge waiver, maximum surcharge waiver of ₹250 per month, in a statement cycle | 1% fuel surcharge waiver, maximum surcharge waiver ₹100 per month, in a statement cycle |