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HDFC Bank, HDFC AMC hit record highs, SBI Cards rallies 5%; here's why?
HDFC Bank, HDFC AMC hit record highs, SBI Cards rallies 5%; here's why?

Business Standard

time4 days ago

  • Business
  • Business Standard

HDFC Bank, HDFC AMC hit record highs, SBI Cards rallies 5%; here's why?

Thus far in the calendar year 2025, SBI Cards (up 45%), HDFC AMC (up 22%), HDFC Bank (up 12%) have outperformed the BSE Sensex, which was up 4.6% during the same period. Listen to This Article Share price movement of HDFC Bank, HDFC AMC, SBI Card today Shares of private sector giant HDFC Bank (₹1,996.30), HDFC Asset Management Company (AMC) (₹5,140) hit their respective all-time highs, and rallied up to 5 per cent on the BSE in Friday's intra-day trade amid heavy volumes. HDFC Bank was up 2.3 per cent at ₹1,996.30, surpassing its previous high of ₹1,977.95 touched on April 23, 2025. Meanwhile, shares of SBI Cards and Payment Services (SBI Card) hit a multi-year high of ₹986.95, also surged 5 per cent on the BSE in intra-day trade. The stock price of the non-banking

Karnataka Bank Prime SBI Credit Card: Step-by-step application process
Karnataka Bank Prime SBI Credit Card: Step-by-step application process

Mint

time27-05-2025

  • Business
  • Mint

Karnataka Bank Prime SBI Credit Card: Step-by-step application process

The Karnataka Bank provides for a credit card in collaboration with SBI Cards. The card is known as the Karnataka Bank SBI Card PRIME. This is a premium credit card developed for aspirational credit card users who are seeking a blend of rewards and lifestyle benefits. This card provides advantages such as reward points on various expenditures, milestone based gift vouchers, complimentary lounge access etc. You can avail this credit card and make the most of its benefits by following just four simple steps Eligibility criteria Age: Aspirational applicants must be between 21 and 70 years old. Aspirational applicants must be between 21 and 70 years old. Income: A stable annual income is mandatory, generally a net monthly income of ₹ 50,000 or more. A stable annual income is mandatory, generally a net monthly income of 50,000 or more. Credit score: A good credit score, between 750 and 900 ideally, can significantly boost chances of approval. A good credit score, between 750 and 900 ideally, can significantly boost chances of approval. Residency: The applicant must be an Indian citizen with valid address proof such as an Aadhaar card, voter ID document etc. Note: The eligibility discussed above is illustrative in nature. Refer to the official website of Karnataka Bank for more details and updated terms and conditions. Visit the official website: Reach out to the Karnataka Bank SBI Card PRIME page to initiate the process of application submission. Click on 'Apply Now' option: This will redirect you to the SBI Card application portal where the entire application will be filled and submitted. Fill in the application form: Provide necessary personal and financial details as requested and submit the online application. Keep basic documents such as Voter ID, Aadhaar card etc., handy while submitting the form. Submit required documents: Upload documents such as identity proof, address proof, and income proof. For the same you must have digitally scanned copies of your essential documents such as PAN card, Aadhaar card, Voter ID card etc. Annual Fee: ₹ 2,999 + GST with a waiver on annual spends above ₹ 3 lakhs. 2,999 + GST with a waiver on annual spends above 3 lakhs. Welcome gift: E-Gift voucher worth ₹ 3,000 from select brands as soon as you avail the card. E-Gift voucher worth 3,000 from select brands as soon as you avail the card. Reward points: 20 points per ₹ 100 on utility bill payments; 10 points per ₹ 100 on dining, groceries, movies and departmental stores. 20 points per 100 on utility bill payments; 10 points per 100 on dining, groceries, movies and departmental stores. Lounge access: 4 complimentary international and 8 domestic airport lounge visits per year. Note: The features discussed above are illustrative in nature. For the updated terms, conditions and features refer to the official website of Karnataka Bank. Milestone rewards: E-Gift vouchers worth ₹ 1,000 on quarterly spends of ₹ 50,000 and ₹ 7,000 on annual spends of ₹ 5 lakh. E-Gift vouchers worth 1,000 on quarterly spends of 50,000 and 7,000 on annual spends of 5 lakh. Fuel surcharge waiver: 1% waiver on transactions between ₹ 500 and ₹ 4,000, capped at ₹ 250 per month. 1% waiver on transactions between 500 and 4,000, capped at 250 per month. Fraud liability cover: Complimentary cover of ₹ 1 lakh. Note: The additional benefits discussed above are illustrative in nature. For the updated terms, conditions and additional benefits refer to the official website of Karnataka Bank. For any more updates, clarifications and details on how to apply visit the official website of Karnataka Bank. You can also discuss your doubts and problems with the designated customer service team of Karnataka Bank by reaching them out on the number: 1800 425 1444. Disclaimer: The features, benefits, and eligibility criteria mentioned above are subject to change without prior notice. The customer care number discussed above is also prone to updates, do verify the latest information on the official Karnataka Bank website.

Apollo SBI Card Select offers huge savings on medical expenses: Should you take it?
Apollo SBI Card Select offers huge savings on medical expenses: Should you take it?

Mint

time22-05-2025

  • Business
  • Mint

Apollo SBI Card Select offers huge savings on medical expenses: Should you take it?

Do you or someone in the family require regular medical support? It may be in the form of doctor consultations, diagnostic tests, medicines, etc. If yes, you can save money on these medical expenses with the Apollo SBI Card Select. The savings can go up to a whopping 25%. In this article, we will look at the features and benefits of this card and whether you should take it. The Apollo SBI Card Select is a co-branded credit card launched by Apollo 24|7 in partnership with SBI Card. It offers healthcare and wellness benefits across the Apollo ecosystem. It also gives rewards on non-healthcare spends like dining, entertainment, and travel, along with complimentary domestic airport lounge access. The features and benefits of the Apollo SBI Card Select include the following. Welcome benefit: The cardholder gets a welcome benefit of Rs. 1,500 Apollo 24|7 e-gift voucher on payment of joining fee. The voucher can be redeemed offline at Apollo Pharmacy stores and online through the Apollo 24|7 platform. It can be redeemed against medicines, Apollo private label products, FMCG and other healthcare products. Apollo Circle benefits: The cardholder gets complimentary in-built Apollo Circle benefits in the form of value back and savings. The benefits apply when transacting using the Apollo SBI Card Select at Apollo Pharmacy stores and on the Apollo 24|7 website/App. Some of these benefits include: Up to 15% value back on medicines Up to 20% value back on diagnostic services Up to 10% value back on doctor consultations The value back is credited as Health Credits to the Apollo 24|7 wallet. The value of each Health Credit is Rs. 1. Health benefits: You get to enjoy a 1-year complimentary Fitpass Pro membership on payment of the joining fee and doing one retail transaction. The membership gives access to a network of gyms and other fitness centres. On spending Rs. 50,000 within 90 days of card membership, you get a complimentary comprehensive health check-up. The complimentary health check-up can be availed every year on spending Rs. 50,000 within 90 days of card renewal. The reward points awarded on the card are as follows: 10 reward points for every Rs. 100 spent on Apollo 24|7 and Apollo Pharmacy stores. A cardholder can earn a maximum of 5,000 reward points in this category per statement cycle. 2 reward points for every Rs. 100 spent on dining, movies and entertainment, and travel. A cardholder can earn a maximum of 5,000 reward points in this category per statement cycle. 1 reward point for every Rs. 200 spent on other purchases Reward points must be converted into Health Credits on the SBI Card website and App. The value of 1 reward point equals 1 Health Credit. The converted Health Credits will reflect in the Apollo 24|7 wallet. The value of each Health Credit is Rs. 1. Health Credits can be used within the Apollo ecosystem, including Apollo 24|7, Apollo Diagnostics, Apollo Medical Centres, and Apollo Pharmacy. Health Credits can be used to pay for doctor consultations, diagnostic tests, medicine orders, etc. The Health Credits wallet balance will be auto-applied at checkout for eligible transactions. Milestone benefits: On annual spends of Rs. 6 lakhs on the card, the cardholder gets complimentary Noise Smartwatch worth Rs. 7,999. Airport lounge access: The cardholder can enjoy 4 complimentary domestic airport lounge access per year (1 per quarter). The cardholder gets a 2-year complimentary Priority Pass membership worth $99. Fuel surcharge waiver: The 1% fuel surcharge is waived across all petrol pumps in India. The waiver applies to fuel transactions between Rs. 500 and Rs. 4,000. The maximum surcharge waiver is Rs. 100 per month. When you purchase medicines from an Apollo Pharmacy or the Apollo 24|7 platform, you get two benefits. You get 10 reward points for every Rs. 100 spent. The 10 reward points are equivalent to 10 Health Credits. As part of Apollo Circle benefits, you get up to 15% value back as Health Credits in your Apollo 24|7 wallet. Clubbing the two benefits: Reward points (10% value back) on the card and Health Credits (up to 15% value back) on the Apollo Circle membership. When you combine the two benefits, you can get total benefits of up to 25% value back. That is an excellent value back on medicine purchases. Similarly, clubbing the two benefits on doctor consultations gives up to 20% value back and on diagnostic tests gives up to 30% value back. All these benefits will result in a lot of savings on medical expenses. As the Apollo SBI Card Select is a co-branded card issued in partnership with Apollo 24|7, it limits the cardholder to the Apollo ecosystem. The only way to redeem the reward points is to convert them into Health Credits by transferring them to the Apollo 24|7 wallet. The reward rate falls sharply when you use the card outside the Apollo ecosystem. Members who are already a part of the Apollo ecosystem will find a lot of value in this credit card. Others will have to move to the Apollo ecosystem to get good value out of this card. The joining fee for the card is Rs. 1,499 + Taxes. The renewal fee is Rs. 1,499 + Taxes. The renewal fee is waived on spending Rs. 3 lakhs in the previous year. If you or someone in your family needs regular medical support, you may consider the Apollo SBI Card Select. It gives benefits like healthcare discounts and value back within the Apollo ecosystem, a complimentary Fitpass Pro membership, a health check-up, etc. It also offers other benefits like complimentary domestic airport lounge access, complimentary Noise Smartwatch on annual milestone spend, reversal of renewal fee based on spends in the previous year, etc. Overall, it is a good credit card packed with powerful features and benefits. Gopal Gidwani is a freelance personal finance content writer with 15+ years of experience. He can be reached at LinkedIn.

THESE 6 credit cards give tempting offers on online shopping. Check list here
THESE 6 credit cards give tempting offers on online shopping. Check list here

Mint

time21-05-2025

  • Business
  • Mint

THESE 6 credit cards give tempting offers on online shopping. Check list here

If you are a credit card user and shopaholic at the same time, it is recommended to use the card that provides offers and discounts on online shopping. For instance, what if you receive ₹ 150 extra cashback on purchase of ₹ 1,000. Won't this be cool? Similarly, there are a few credit cards that offer discounts on shopping via online marketplaces such as Amazon and Flipkart. Here, we list out six credit cards which give some good offers (cashbacks as well as discounts) on credit cards. I. Amazon Pay ICICI Bank Credit Card: The card does not charge any joining and annual fee. There are 5 percent reward points for Amazon purchases as a prime member and 3 percent reward points for Amazon purchases as a non-Prime member. There are 2 per cent reward points for payments on 100 plus partner merchants. There is a 1 percent reward point on all other purchases. II. Flipkart Axis Bank Credit Card: This card provides 5 percent cashback on Flipkart and Cleartrip spends. You can earn unlimited 4 percent cashback on preferred merchants. III. HDFC Millennia Credit Card: This card offers 5 percent cashback on Amazon, BookyShow, Flipkart, Myntra, SonyLiv, Swiggy, Tata CLiQ, Uber and Zomato. There is 1 percent on other spends. IV. SBI SimplyCLICK Credit Card: The card offers 10X reward points on online spends with exclusive partners: Apollo 24X7/ BookMyShow/ Cleartrip/ Dominos/ IGP/ Myntra/ Netmeds and Yatra. You can earn 5X reward points on all other online spends. The annual fee is ₹ 499 plus taxes. V. Axis Bank Neo Credit Card: This card by Axis Bank offers 40 percent off on food delivery at Zomato with NEO credit card. One has to use the coupon code AXSNEO to avail the card. It also offers 10 percent off on Blinkit upto ₹ 250 on a minimum spend of ₹ 750, which is valid once per month. VI. Cashback SBI Card: This card offers 5 percent cashback on online spends without any merchant restriction and 1 percent cashback on offline spends. Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.

SBI Card joins hands with Apollo to launch wellness focused credit card
SBI Card joins hands with Apollo to launch wellness focused credit card

Mint

time15-05-2025

  • Business
  • Mint

SBI Card joins hands with Apollo to launch wellness focused credit card

SBI Card and Apollo HealthCo, which operates Apollo Pharmacy, have extended their strategic partnership to introduce a health and wellness focused co-branded credit card - Apollo SBI Card SELECT card. 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 Customers can also apply for the card at select Apollo Pharmacy stores. The Apollo SBI Card SELECT cardholders are entitled to 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 per cent back as reward points, and additionally up to 15 per cent 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 ₹ 1,500 e-gift voucher as welcome benefits, redeemable on the Apollo 24|7 app and at Apollo pharmacy stores. They are also entitled to 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. Salila Pande, MD & CEO, SBI Card said, 'At SBI Card, we understand the evolving spending needs and aspirations of today's conscious consumers who are focused on good health and well-being. 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.' 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 are proud to build it with SBI Card. Together, we will be the health keeper of the nation.' Disclaimer: Mint has a tie-up with fintechs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.

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