# Eternal SBI Credit Card Review: Is It Worth INR 499? > Eternal SBI Card review: 10% off Zomato, Blinkit and District, 5% on Uber and Apollo 24|7, a INR 499 fee and the spend you need to beat a flat 1% card. - **Published**: 2026-10-18 - **Modified**: 2026-10-18 - **Category**: credit-cards - **URL**: https://www.tldr.money/articles/credit-cards/eternal-sbi-card-review --- Our [credit cards guide](/credit-cards) explains how to judge any card. This **Eternal SBI credit card review** looks at the new co-branded card from SBI Card and Eternal, the parent of Zomato and Blinkit, and works out who should get it. ## Eternal SBI Card at a glance SBI Card announced the card on 15 October 2026. Early access is through the Zomato, Blinkit and District apps, with applications opening in phases from 22 October. It is issued on Mastercard and RuPay. | Feature | Detail | |---|---| | Joining fee | INR 499, with six months of Zomato Gold | | Annual fee | INR 499, waived at INR 2 lakh annual spend | | 10% instant discount | Zomato, District, Bistro, and Blinkit electronics and beauty | | 5% instant discount | Other Blinkit categories (some exclusions) | | Cap on the above | INR 2,000 a month combined | | 5% cashback | Apollo 24\|7, ixigo, Uber, Urban Company; up to INR 1,000 a month | | 1% cashback | Other spends; up to INR 500 a month | | Movies | District 1+1 offer once a month, up to INR 200 off | | Fuel | 1% surcharge waiver, up to INR 200 | | Forex markup | 3.5% | ## Eternal SBI credit card review: the break-even maths The fee is small, so the question is whether the card beats a card you already have, or a no-fee flat-rate card. Every INR 100 on a 10% category earns INR 10 here, against INR 1 on a 1% card: a gain of INR 9. To recover INR 499 a year you need about INR 5,544 a year of 10% spend, or roughly **INR 462 a month**. Against a 1.5% card, you need about INR 489 a month. ### Two example users | | Moderate user | Heavy user | |---|---|---| | 10% categories a month | INR 4,000 | INR 12,000 | | 5% partners a month | INR 2,000 | INR 4,000 | | Other spends a month | INR 10,000 | INR 20,000 | | Eternal SBI rewards a month | INR 600 | INR 1,600 | | Rewards a year | INR 7,200 | INR 19,200 | | Annual fee | INR 499 | Waived (INR 4.32 lakh spend) | | Net value a year | INR 6,701 | INR 19,200 | | Same spend on a flat 1.5% card | INR 2,880 | INR 6,480 | Both users stay within the monthly caps. The most the card can return is INR 3,500 a month, if you max out all three caps. ## Who should get it - **Regular Zomato or Blinkit users.** Even modest use clears the fee. - **People who already pay for Zomato Gold.** Six months comes with the joining fee. - **Uber and Urban Company users,** for the 5% bucket. ## Who should skip it - **Anyone who rarely uses Eternal's apps.** A flat-rate card from our [best cashback credit cards](/articles/credit-cards/best-cashback-credit-cards-india) list, such as [SBI Card CASHBACK](/credit-cards/sbi-card/cashback-card), will do better. - **Frequent international travellers.** The 3.5% markup makes it a poor card abroad; see [zero forex markup credit cards](/articles/credit-cards/best-zero-forex-credit-cards-india). - **Anyone who carries a balance.** No discount survives card interest; see [the minimum-due trap](/articles/credit-cards/credit-card-fees-and-minimum-due-trap). ## Things to check before applying The 1% cashback excludes fuel, wallet loads, rent, tax, insurance, jewellery, education, utilities, gaming and EMIs, so bill payments earn nothing extra here. The 10% is an instant discount at checkout rather than cashback later, which makes it easy to track. As with any new card, confirm the final terms in the most important terms and conditions when you apply. ## Sources - SBI Card, press release on the launch of the Eternal SBI Card, NSE filing, 15 Oct 2026: https://nsearchives.nseindia.com/corporate/SBICARDS_15102026150353_SEfilingpressreleaseoct2026.pdf - CNBC-TV18, SBI Card and Eternal launch co-branded credit card, 15 Oct 2026: https://www.cnbctv18.com/personal-finance/sbi-card-eternal-launch-co-branded-credit-card-a-look-at-key-features-20012738.htm - Break-even and example figures: tldr.money calculation --- - [More credit-cards articles](https://www.tldr.money/articles/category/credit-cards) - [All articles](https://www.tldr.money/articles)