The SBI MILES ELITE Credit Card is designed for frequent flyers who travel both domestically and internationally. This card offers attractive miles rewards and travel benefits, but it comes with a high joining and renewal fee of INR 4,999.
However, this fee is waived if your annual spending in the previous year was INR 15 lakh or more. This card is best suited for high spenders or those in the premium segment.
You’ll receive Travel Credit as per the table mentioned below.
| Spends | Travel Credit |
|---|---|
| On Travel Spend | 6 for every Rs. 200 spent |
| On other spend | 2 for every Rs. 200 spent |
Table of Contents
SBI Miles Elite Credit Card Review: Features, Benefits, & Fees
| Feature | Details |
|---|---|
| Issuer | State Bank of India |
| Card Type | Semi-Premium Credit Card |
| Annual Fee | INR 4,999 + GST (Waived on spending INR 15 lakh) |
| Renewal Fee | INR 4,999 + GST |
| Add-on Fee | Nil |
| Joining Benefits | INR 5000 travel credits on spends of INR 100,000 within 60 days of card issuance |
| Best Suited For | Traveling |
| Lounge Access | International-6 every year, Domestic-2 per quarter |
| Fuel Surcharge Waiver | 1% Fuel surcharge waiver across all petrol pumps (Max INR 500 per statement cycle) |
| Free Movie Tickets | No |
Welcome Benefits
The SBI MILES ELITE Credit Card gives you INR 5,000 travel credits as a welcome bonus if you spend INR 100,000 within 60 days of card issuance.
Rewards & Cashback
| Spend Category | Reward Rate |
|---|---|
| Travel Spend | 6 travel credits / INR 200 spent (3 % Reward) |
| Regular Spend | 2 travel credits / INR200 spent (1 % Reward) |
| Fuel | 1% Fuel surcharge waiver across all petrol pumps |
| Other Spends-Wallet, Rent, Education, & Insurance | No Reward |
Travel Credit Value
| Travel Credit | Value |
|---|---|
| 1 Travel credit | INR 1 for Air Miles/ Hotel Points |
| 1 Travel credit | INR 0.5 for Travel Bookings |
| 1 Travel credit | INR 0.5 for Shop & Smile Product Catalogue |
Lounge Access
| Lounge Type | Access |
|---|---|
| International Lounge Program | 6 Complimentary Airport Lounge access every year |
| Domestic Lounge Program | 2 Airport Lounge Visits per quarter |
Click here to get the official list of the Mastercard India lounge program
Fees & Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | INR 4,999 + GST |
| Annual Fee | INR 4,999 + GST |
| Foreign Exchange Markup | 1.99% + GST |
Other Benefits & Features
- 1% Fuel surcharge waiver across all petrol pumps (maximum INR 500 per month)
Insurance Coverage Benefits
- In case of baggage loss, you are covered for up to INR 72,000, and if baggage is delayed, then you are covered up to INR 7,500.
- You are insured up to INR 12,500 in case you lose your travel documents.
- If baggage gets damaged, then you can claim up to INR 5,000.
- Get up to 6 flight cancellations per year, each limited to INR 3,500.
- Air accident cover up to INR 1 crore.
Eligibility & Documents Required
The official eligibility criteria for the SBI Miles Elite credit card are not available on the official SBI Card website. However, based on general eligibility norms for premium credit cards, applicants typically need to meet certain requirements.
| Criteria | Requirement |
|---|---|
| Age for Primary Cardholder | 18 to 70 years old |
| Age for Add-on Cardholder | Above 18 years old |
| Income | Not officially disclosed by SBI |
| Credit Score | Recommended: 750+ |
| Documents Required | PAN Card, Aadhar, Income Proof, Address Proof |
| Residential Status | Indian Resident only |
How do I apply for the SBI MILES ELITE Credit Card?
Step 1: Visit the sbicard.com website. Click on the “Credit Cards” section and search for the SBI Miles Elite Credit Card.
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.
Pros & Cons of SBI MILES ELITE Credit Card
Pros
You will get many domestic and international complimentary airport lounge accesses.
This card covers ₹1 crore in air accident insurance and lost baggage insurance up to INR 72,000
Cons
This card has a high annual fee and a renewal fee.
If you do not travel much by airplane, then this credit card has limited benefits for non-travelers
Final Verdict: Should You Get This Card?
No, you should not go for this credit card unless you travel frequently by airplane, because this card has a high joining fee and a renewal fee.
SBI Miles Elite Credit Card Banking Number
- In India: 18001801295