- Joining fee
₹4,999 + GST
- Annual fee
₹4,999 + GST
- Best suited for
Movies, Travel, Shopping
- Reward type
Reward Points
Rewards
- Rewards rate
10 Reward Points/₹100 Spent on Dining, Grocery, and Departmental Stores (~2.5%). 2 Reward Points/₹100 on All Other Spends (~0.5%)
- Welcome benefits
Vouchers Worth ₹5,000 from Yatra, Aditya Birla Fashion, Hush Puppies/Bata, Pantaloons, or Shoppers Stop
- Reward redemption
Redeem Reward Points Against Gift Vouchers, Cash Credit and More. 1 Reward Point = ₹0.25
Benefits
- Movie & dining
2 Complimentary Movie Tickets Each Month (Worth ₹6,000 Annually)
- Travel
Complimentary Club ITC Silver Membership
- Domestic lounge
2 complimentary visits to domestic airport lounges every quarter
- International lounge
6 complimentary visits to international airport lounges per year (max 2 per quarter) with the Priority Pass program.
- Golf
Complimentary Golf Rounds and Lessons With Mastercard and RuPay Variants
Fees & charges
- Spend-based waiver
Renewal Fee Waived on Spends of ₹10 Lakh or More
- Rewards redemption fee
₹99 + GST
- Foreign currency markup
1.99% of the transaction amount
- Interest rates
3.75% Per Month (45% Per Annum)
- Fuel surcharge waiver
1% fuel surcharge waiver on transactions between Rs. 500 and Rs. 4,000 at all fuel stations across India (max waiver capped at Rs. 250 per month)
- Cash advance charges
2.5% (Minimum Charge – ₹500)
Product highlights
- Gift Voucher worth Rs. 5,000 as a welcome benefit.
- 2 RPs on every Rs. 100 spent with the card except on fuel spends.
- 5X RPs on spends on dining, grocery purchases, and departmental stores.
- Up to 50,000 Bonus Reward Points (equivalent to Rs 12,500) every year on achieving the stipulated spend milestone (details below).
- Free movie tickets (max benefit capped at Rs. 6,000 in a year).
- 2 free domestic lounge visits per quarter.
- 6 complimentary international lounge visits in a year (max 2 visits per quarter).
- Complimentary lost card liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days after reporting the loss of card.
- A lower forex markup fee of 1.99% of the withdrawn amount.
- Exclusive concierge service for assistance regarding online doctor consultation, flower delivery, and gift delivery.
- Exclusive privileges from Visa/MasterCard/American Express (details below).
Pros & cons
Pros
- With this card, you can enjoy welcome benefits worth Rs. 5000.
- You get 2 domestic lounge visits per quarter and 6 complimentary international lounge access in a year with the SBI Elite Credit Card.
Cons
- This card offers a lower reward rate compared to other cards available.
FAQs
Is the fuel surcharge waived off on fuel transactions?
Yes, 1% fuel surcharge is waived off at all filling stations across India for transactions between ₹500 and ₹4,000 (max waiver capped at ₹250 per month).
Is SBI ELITE Card covered by a Fraud Protection Liability protection?
Yes, the card comes with a fraud liability protection worth ₹1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card to the bank.
What is the annual membership fee of SBI ELITE Credit Card? Can I get it waived off?
The annual membership fee of the SBI ELITE Credit Card is ₹4,999. The annual fee is waived off on achieving the spend milestone of ₹10 lakh in a membership year.
What is the foreign currency mark-up fee charged by SBI Card on SBI Elite Credit Card?
SBI charges a foreign currency mark-up fee of 1.99% of the transaction amount on all foreign currency transactions made with the card.
What is maximum limit of the SBI Elite Credit Card?
The card issuer, SBI Card, has not disclosed anything about the minimum or maximum credit limit of the SBI Elite Credit Card. But, the limit of this card would undoubtedly be high as it is one of the most premium cards of SBI Card.