SBI Card Partners Apollo HealthCo, introduces Apollo SBI Card SELECT Card

SBI Card, India's largest pure-play credit card issuer and Apollo HealthCo, which operates Apollo Pharmacy - India's largest retail pharmacy network and Apollo 24|7 - country's leading omni-channel digital health platform, have extended their strategic partnership to introduce a unique, health and wellness focused co-branded credit card - Apollo SBI Card SELECT card, today. This one-of-its-kind premium credit card has been thoughtfully designed to address the evolving needs of today's health-conscious consumers, offering a compelling blend of healthcare savings and financial rewards. Customers can easily apply for this card digitally on the Apollo 24|7 app and opt to apply via SBI Card SPRINT, by visiting the SBI Card website SBI Card.com. Customers can also apply for the card at select Apollo Pharmacy stores.

The Apollo SBI Card SELECT cardholders enjoy a rewarding shopping experience on transactions, including pharmacy products, health check-up packages, blood tests, and more through the Apollo 24|7 app and Apollo Pharmacy stores. Cardholders get 10% back as reward points, and additionally up to 15% back as health credits, giving them a total value back of up to 25%. Reward points can be converted into Health Credits, which are redeemable across the entire product range of Apollo 24|7 App and Apollo pharmacy stores

Apollo SBI Card SELECT card customers receive Rs. 1,500 e-gift voucher as welcome benefits, redeemable on the Apollo 24|7 app and at Apollo pharmacy stores. They also enjoy Apollo Circle benefits that provide priority access to services and special discounts on doctor consultations, diagnostic tests and pharmacy orders on Apollo platforms. Additionally, Apollo SBI Card SELECT card customers also get a complimentary 1-year FITPASS PRO Membership, offering access to a wide network of gyms, fitness classes, and wellness programs, across India.

Ms. Salila Pande, MD & CEO, SBI Card said, "At SBICard, we understand the evolving spending needs and aspirations of today's conscious consumers who are focused on good health and wellbeing. Our collaboration with Apollo HealthCo to introduce Apollo SBI Card SELECT card is firmly aligned with this need. By offering thoughtful healthcare benefits and valuable rewards, we aim to empower our customers to stay committed to their health and wellness goals, while enjoying varied financial benefits."

Ms. Shobana Kamineni, Executive Chairperson, Apollo HealthCo said, "With the Apollo SBI Credit Card, we're introducing a revolutionary financial product designed to seamlessly connect health and wellness with everyday living. By turning everyday spending into health investments, we're making access to care seamless, intuitive, and affordable. It's our way of saying that healthcare should be earned, saved, and accessed just as easily as any other essential. This is the future of health- and we're proud to build it with SBI Card. Together, we will be the health keeper of the nation."

The Apollo SBI Card SELECT card also offers various lifestyle and travel benefits. Customers can avail spend-based annual fee reversal upon achieving annual spends of Rs. 3 lakhs. Moreover, customers get a 2-year Priority Pass Membership for international lounge access and four complimentary domestic airport lounge visits per year (maximum one per quarter), adding to the premium experience. Additionally, accelerated earnings of 2 reward points per Rs. 100 spent on dining, movies, entertainment, and travel, elevating the customer's lifestyle experience on each transaction.

As an annual milestone benefit, cardholders can avail free comprehensive health check-up on spends of Rs. 50,000 within 90 days of joining and annual renewal. Also, on spending Rs. 6 lakhs annually, customers are entitled to get a free Noise smartwatch worth Rs. 7,999.

The joining and renewal fee of the Apollo SBI Card SELECT card is Rs. 1,499 plus applicable taxes. The contactless card is available on both Rupay and MasterCard platforms.

Shares of SBI Cards and Payment Services Limited was last trading in BSE at Rs. 911.40 as compared to the previous close of Rs. 901.00. The total number of shares traded during the day was 17351 in over 1210 trades.

The stock hit an intraday high of Rs. 915.05 and intraday low of 895.80. The net turnover during the day was Rs. 15716270.00.

Source : Equity Bulls

Keywords

SBICardsandPaymentServices INE018E01016 ApolloSBICardSELECTCard ApolloHealthCo