Everything About SBI Elite Credit Card in simple Bullet Points

FeatureDetails
IssuerState Bank of India
Card TypeSemi Premium Credit Card
Annual Fee₹ 4,999+ GST (Waived on spending ₹ 10 lakh)
Add-on FeeNill
Joining BenefitsWelcome e-Gift Voucher Worth ₹ 5,000
Best Suited ForFrequent Shoppers, High spenders, Movie Lovers
Reward RateOn Dining, Groceries, and departmental store-10 RP per ₹100 spent.
All other purchases– 2 RP per ₹100 spent
Lounge AccessInternational– 6 per year, Domestic -2 per quarter
Fuel Surcharge Waiver1 %Fuel surcharge waiver (max ₹250 per month)
Free Movie TicketsFree movie tickets worth ₹ 6,000 every year

Benefit 1 – Welcome e-Gift Voucher Worth ₹ 5,000 for Pantaloons, Shoppers, Yatra, Aditya Birla retail, etc.

Eligibility for Welcome Benefits:

  • Only after payment of the annual fee (₹ 4999+GST)
  • Existing SBI Card holders upgrading to SBI ELITE may not receive the benefit. Only new SBI card ELITE holders are eligible.
Spend CategoryReward Points / Cashback
ShoppingGet 5X reward points
Departmental Store, Grocery Spend, DiningGet 5X reward points
Travel2 Reward Points per ₹100 spent
FuelNo Reward points, 1 %Fuel surcharge waiver (max ₹250 per month)
Other Spends (Including International Transactions)2 Reward Points per ₹100 spent
Redemption OptionConversion Rate / DetailsWhere to Redeem
Gift Vouchers & MerchandiseVaries based on brand & productSBI Card Reward Catalog
Cashback (Statement Credit)4 Reward Points = ₹1SBI Card Portal / App
Flight & Hotel BookingsVaries based on booking amountSBI Card Travel Portal
Airmiles Conversion (Club Vistara, Etihad Guest)5 Reward Points = 1 AirmileAirline Loyalty Programs
Fuel RedemptionRedeem BPCL & IOCL Fuel VouchersSBI Card Reward Catalog

Cardholders can get Up to ₹ 50,000 Bonus Reward Points worth ₹ 12,000/year in the following manner

Annual Spent LevelBonus Reward Points
3 Lakh10,000
4 Lakh10,000
5 Lakh15,000
8 Lakh15,000
Lounge TypeAccess
International Lounge Program6 Complimentary Airport Lounge Visits per Calendar
Domestic Lounge Program2 Complimentary Domestic Airport Lounge Visits per quarter
Charge TypeAmount
Joining Fee₹4,999 + applicable taxes
Annual Fee₹4,999 + applicable taxes (Waived on spending ₹10,00,000 or more in the preceding year)
Interest Rate3.50% per month (42% per annum)
Foreign Exchange Markup1.99% of the amount withdrawn or ₹500, whichever is higher
Late Payment FeeRanges from ₹400 to ₹1,300, depending on the outstanding balance

📌 Note: GST and other applicable taxes as per current laws will be levied on all fees and charges.

[Feature 1] – 15 % discount on F&B at Lalit Hotels
[Feature 2] – Credit card fraud liability cover of ₹ 1 lakh

CriteriaRequirement
Age for Primary Cardholder21 to 60 Years
Age for Add-on Cardholder18 Years and above
IncomeNot officially disclosed by SBI
Credit ScoreRecommended: 750+
Documents RequiredPAN Card, Aadhar, Income Proof, Address Proof
Residential StatusIndian Resident only

📌 Note: Eligibility criteria may vary based on the bank’s internal policy.

Step 1: Visit the sbicard.com website or the nearest branch.
Step 2: Fill in the application form online and upload the required documents.
Step 3: Wait for verification and approval.
Step 4: Receive your card at your registered address.

🔗 Apply Now

Pros
✔ 1.99 % Foreign currency mark-up charges
✔ Global Acceptance, Cash withdrawn across the world

Cons
✖ Lower reward rate as compared to similar other bank credit card
✖ Limited Airport Lounge access

No, you should not go for that card, Because you are getting a maximum 2% return on spending 10 lakh.

📢 Best for: Movie tickets, you will get 2 movie tickets per month worth ₹ 500.
Not ideal for: Airport lounges

💡 If you frequently spend on movie tickets, this card can be a great option.

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