SBI Card ELITE

by SBI • Visa / Mastercard / American Express

Complete Benefits & FAQs

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“Premium SBI card with strong all-around benefits. Fee of ₹4,999 effectively free with ₹5K welcome/renewal voucher. 1.99% forex is a standout — cheapest among all SBI cards and comparable to premium HDFC/Axis cards. Priority Pass with 6 international visits/year + 8 domestic/year gives solid lounge coverage. 5X on dining/departmental/grocery is useful but at 4 RP = ₹1, the effective rate is 2.5% (not spectacular). Movie tickets at ₹6K/year (₹250/ticket × 2/month × 12 = ₹6K) is a nice lifestyle perk. ITC Silver membership is new (Sep 2025+) with 25% off 2nd night and 20% off food — good for ITC loyalists. Milestones are tiered at ₹3L/₹4L/₹5L/₹8L giving up to 50K RP (₹12,500) — requires ₹8L spend. Fee waiver at ₹10L is high. Air accident insurance (₹1Cr) being discontinued Jul 2025 — significant loss. Fraud liability of ₹1L remains. Available on all 3 networks (Visa/MC/Amex) — each with unique privileges. Concierge with flower/gift delivery and doctor consultation is a nice premium touch. Compare with Axis Horizon: SBI ELITE wins on forex (1.99% vs 3.5%), lounge (intl Priority Pass), movies, ITC. Horizon wins on base earning (2% vs 0.5%). Two PDFs for RAG: elite_tc.pdf (41p) and elite_itc_tc.pdf (3p).”

Fee Waiver: Spend-based reversal of annual fee on spends of ₹10,00,000 (₹10 Lakh)

Best suited for

🎯 International travelers — 1.99% forex (lowest SBI) + Priority Pass (6 intl/year)🎯 Movie buffs — ₹6K free tickets/year🎯 Dining/grocery heavy spenders — 5X RP (2.5%)🎯 ITC Hotel loyalists — Silver membership + 25% off 2nd night + 20% off food🎯 Milestone chasers — up to ₹12,500 in milestone RP on ₹8L spend🎯 Users wanting premium card with fee effectively neutralized (₹5K voucher vs ₹4,999 fee)

Welcome & Onboarding Perks

•Welcome e-Gift Voucher worth ₹5,000

Spend Milestone Rewards

🎯 Spend: ₹3,00,000 annual spends10,000 bonus Reward Points (₹2,500)
🎯 Spend: ₹4,00,000 annual spends10,000 bonus Reward Points (₹2,500)
🎯 Spend: ₹5,00,000 annual spends15,000 bonus Reward Points (₹3,750)
🎯 Spend: ₹8,00,000 annual spends15,000 bonus Reward Points (₹3,750)
🎯 Spend:

Airport Lounge Privileges

Domestic2 complimentary domestic airport lounge visits per quarter

International6 complimentary visits per calendar year (max 2 per quarter)

Reward Rates

Dining/Dept Stores/Grocery (5X)cap ₹10,000/month

up to 2.5%

Base Spends

up to 0.5%

Surcharges & Waivers

Forex Markup1.99% (lowest among SBI cards)

Interest Rate3.75% per month (45% per annum) — refer to MITC for card-specific rate

Fuel Surcharge Waiver

Waiver %1%

Cap / cycle₹250 per statement cycle per credit card account

Transaction range₹₹500 – ₹₹4,000

Eligibility Requirements

Salaried

Age21 to 70 years

Note: Criteria are indicative; bank reserves right to approve/decline.

Documents Required

•PAN card photocopy or Form 60
•Proof of income — Latest payslip / Form 16 / IT return
•Residence proof — Passport / Ration Card / Electricity bill / Landline telephone bill

Key Highlights

✓Contactless payments (Visa PayWave)

✓Worldwide acceptance at 24M+ outlets, 3.25L+ in India

✓Add-on cards for family (18+)

✓Cash withdrawal from 1M+ ATMs globally

✓Utility bill payment via Easy Bill Pay

✓Chip & PIN enabled security

✓Balance Transfer on EMI — transfer other bank CC outstanding at lower rates

✓Flexipay — convert ₹2,500+ purchases into EMI within 30 days

✓Emergency card replacement worldwide (Visa/MC)

Frequently Asked Questions

Ready to apply for SBI Card ELITE?

Annual fee: ₹4,999 + GST

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