- Joining fee
Rs. 4,999 + GST
- Annual fee
Rs. 4,999 + GST
- Best suited for
Travel
- Reward type
Reward Points
Rewards
- Rewards rate
6 Travel Credits for Every ₹200 Spent on Travel. 2 Travel Credits/₹200 Spent on All Other Purchases
- Welcome benefits
5,000 Travel Credits
- Reward redemption
Travel Credits Can be Converted into Air Miles/Hotel Points, Travel Bookings or Redeemed for Catalogue Products
Benefits
- Travel
Complimentary Priority Pass Membership
- Domestic lounge
8 Visits Each Year (Maximum 2 Per Quarter)
- International lounge
6 Free Visits Each Year (Maximum 2 Per Quarter)
- Insurance
Travel Insurance is Provided (Flight Cancellations, Lost Baggage, etc)
Fees & charges
- Spend-based waiver
Annual Fee is Reversed on Spending ₹15 Lakh in a Year
- Rewards redemption fee
₹99
- Foreign currency markup
1.99%
- Interest rates
3.50% Per Month (42% Per Annum)
- Fuel surcharge waiver
1% Waiver (Maximum of ₹500 Per Month)
- Cash advance charges
2.5% or ₹500 (Whichever is Higher)
Product highlights
- Earn 6 Travel Credits for every ₹200 spent on travel.
- Earn 2 Travel Credits for every ₹200 spent on other eligible purchases.
- 5,000 Travel Credits as a joining benefit on spending Rs. 1 lakh within the first 60 days of card issuance.
- Free Priority Pass membership is offered.
- The SBI Card Miles Elite comes with travel insurance.
Pros & cons
Pros
- For Travel Credit redemption there are many popular airlines and hotel partners. This card also offers a good conversion ratio.
Cons
- Although this card offers many benefits for travelers, the reward-earning rate is quite inadequate. With this card, you can earn only 6 Travel Credits on each spend of ₹200.
- Many other cards offer more accelerated rewards.
- There are no additional benefits for movies or dining.
FAQs
Are there any milestone benefits offered with the SBI Card Miles Elite?
Yes, you can get 20,000 Travel Credits by spending Rs. 12 lakh in a card anniversary year. You shall also get one free domestic lounge visit on each spend of Rs. 1 lakh (up to 15).
Is the SBI Miles Elite Credit Card lifetime free?
No, the SBI Miles Elite Card has an annual/joining fee of ₹4,999 plus applicable taxes.
What is the validity of Travel Credits earned with SBI Miles Credit Card?
Travel Credits earned with this credit card are valid for a period of two years from the date of accrual.
How will I receive the additional free domestic lounge visit upon achieving spend based milestone?
When a cardholder spends ₹1 lakh, they become eligible for an additional lounge voucher. Upon meeting this requirement, the cardholder will receive an SMS/Email from SBIC that contains a redirection link and a 12-digit code. To generate the voucher, the cardholder must follow the link provided, enter the 12-digit code, and generate a QR code voucher. Once generated, the voucher will be sent to the customer’s registered email ID.