SBI Card and Apollo HealthCo Launch Health-Focused Co-Branded Credit Card
The launch expands the existing strategic partnership between SBI Card and Apollo HealthCo, operator of Apollo Pharmacy and Apollo 24|7.
SBI Card and Apollo HealthCo have jointly launched the Apollo SBI Card SELECT, a co-branded credit card combining healthcare and financial benefits. The launch expands the existing strategic partnership between SBI Card and Apollo HealthCo, operator of Apollo Pharmacy and Apollo 24|7.
The Apollo SBI Card SELECT enables users to earn up to 25% value back on health-related spends across Apollo 24|7 and Apollo Pharmacy. Cardholders receive 10% back as reward points and up to 15% as health credits. These reward points can be converted into health credits redeemable across Apollo platforms.
Customers applying for the card through Apollo 24|7 or the SBI Card website receive a INR 1,500 e-gift voucher as a welcome benefit. Additional healthcare features include Apollo Circle membership, offering priority access and discounts on doctor consultations, diagnostics, and pharmacy orders.
SBI Card SELECT Offers Healthcare-Linked Rewards
The card includes a one-year complimentary FITPASS PRO membership, which provides access to a nationwide network of gyms and wellness centres.
Commenting on the launch, Salila Pande, MD & CEO, SBI Card, stated, “At SBI Card, we understand the evolving spending needs and aspirations of today’s conscious consumers focused on good health and well-being. Our collaboration with Apollo HealthCo to introduce the Apollo SBI Card SELECT card firmly aligns 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.”
Shobana Kamineni, Executive Chairperson, Apollo HealthCo, said, “With the Apollo SBI Credit Card, we’re introducing a revolutionary financial product designed to connect health and wellness with everyday living seamlessly. By turning everyday spending into health investments, we’re making access to care seamless, intuitive, and affordable.”
Additional Benefits and Spend-Based Rewards
Other features include annual fee reversal on INR 3 lakh annual spends, complimentary health check-ups on INR 50,000 spend in the first 90 days or at renewal, and a Noise smartwatch on INR 6 lakh annual spends. The card carries a INR 1,499 joining and renewal fee and is available in both Rupay and Mastercard variants.
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