Google Pay Flex SBI Card
SBI Card · Open to apply
A Google Pay co-brand card paying Stars worth ₹1 each: 0.2% on every spend including fuel, 0.4% when the previous cycle had at least ₹100 of spend, and 1.6% (3.2% for Google One members) on all spend in a cycle that reaches ₹15,000, up to 1,500 Stars a cycle. Stars are spent on Google Pay. Fee ₹499, waived at ₹1 lakh; welcome Stars worth ₹2,000 plus 500 Stars on paying the fee.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- Google One members: 0.4% back in Stars on spends up to ₹15,000 a cycle, 3.2% on all spend once the cycle reaches ₹15,000: 0.4% in Stars up to ₹15,000; 3.2% in Stars above ₹15,000 (about 0.4% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Earns nothing on
- No Stars on rent, jewellery, wallet loads, education, insurance, financial institutions, government and EMI
Where the sources disagree
- Milestone rates: The T&C booklet (12 Oct 2026) gives the milestone as 2X or 4X at ₹15,000 and 4X or 8X at ₹30,000 (Stars per ₹500, i.e. 0.4% to 1.6%). The milestone-benefits T&C (2 Nov 2026) and the product page give 1.6% (3.2% for Google One members) on all spend at ₹15,000. The booklet predates the later document, so the later one is read as a change from 2 Nov 2026 (docs/schema.md, principle 3) and the booklet's terms are kept until 1 Nov 2026. The booklet itself has not been updated.
- Welcome benefit: The T&C booklet says a welcome gift worth ₹500 on Google Pay plus 500 Stars on paying the joining fee; the welcome-benefit T&C (2 Nov 2026) gives 2,000 Stars (Visa) or a ₹250 gift card and 1,750 Stars (RuPay) plus 500 Stars; the product page says gifts worth ₹2,000 and up to ₹2,500. The later documents are read as a change from 2 Nov 2026 and the booklet's gift is kept until 1 Nov 2026.
Terms the calculator does not value
- The activation benefit (2 Stars per ₹500 in the first two billing cycles, at the account level only) is the same rate as the accelerated 0.4% tier and adds nothing to the steady-state value.
- The milestone benefit and the Google One bills and food offers are earned and paid by Google Pay, are "introductory" or "promotional" and "subject to change", and the welcome rewards are "subject to offers run by Google Pay".
- Google One members: "Get 15% back (₹450 in stars) when you spend ₹3,000 or more on bills OTTS recharge bill payments & Recharges via the card on GPay" (milestone-benefits T&C, 2 Nov 2026; Google Pay pays it, promotional till 15 Oct 2027). The document gives no period (once, a cycle or a month), so the ₹450 is not entered as a recurring milestone.
- A cardholder at 1 Star per ₹500 (no previous-cycle spend) gets half the milestone rates (0.8% for non-members, 1.6% for Google One members).
Sources
- Google Pay Flex SBI Card product-page data file (fees, rewards, milestone, welcome) (Product page, the bank's own, read 6 Nov 2026)
- Google Pay Flex SBI Credit Card Terms and Conditions booklet (PDF created 12 Oct 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Key Fact Statement (file dated 26 Aug 2026) (Schedule of charges, the bank's own, read 6 Nov 2026)
- Google Pay Flex SBI Card milestone benefits T&C (PDF created 2 Nov 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- Google Pay Flex SBI Card welcome benefit T&C (PDF created 2 Nov 2026) (Reward terms, the bank's own, read 6 Nov 2026)