SBI Card ELITE Business: Features, Fees & Charges, How to Apply

The varied benefits offered by the card are given below:

Welcome e-gift voucher worth Rs. 5,000

Get welcome e-gift vouchers worth Rs. 5,000 with your SBI Card ELITE Business. You have the option to choose the voucher rom a varied range of travel and lifestyle brands as follows:

• Yatra for Business
• Hush Puppies / Bata
• Pantaloons
• Aditya Birla Fashion
• Shoppers Stop

You will receive an SMS to choose the e-voucher within 15 days of annual fee payment. The voucher will be sent to your registered mobile number / email id within 5 days of the request. The important thing to note here is that the card itself returns the amount charged as annual fee in the form of a welcome e-gift voucher. 

Free Movie Tickets worth Rs. 6,000 every year

The card offers free movie tickets worth Rs. 6,000 every year. The transaction is valid for at least 2 tickets per booking per month. Please note that the maximum discount is Rs. 250 per ticket for 2 tickets only (convenience fee chargeable). 

*This offer is valid on primary cards only.

ELITE Business Reward Points on all purchases

The reward points will be earned in the following manner-

Category	Reward Points Earned
Dining, Utility Bills payments and Office Supplies	5X Reward Points per Rs. 100 spent
All other spends (except fuel)	2 Reward Points per Rs. 100 spent
4 Reward Points = Rs. 1   |  1 Reward Point= Rs. 0.25

Milestone Privileges

Earn up to 50,000 bonus Reward Points worth Rs. 12,500 year-

• Earn 10,000 bonus Reward Points on achieving annual spends of Rs. 3 lakh and 4 lakh each
• Earn 15,000 bonus Reward Points on achieving annual spends of Rs. 5 lakh and 8 lakh each

You can also get the annual fee of Rs. 4,999 waived off by spending Rs. 10 lakh annually.

Travel Benefits

Avail the following travel privileges:

Category	Benefit Offered
Club Vistara Membership	Complimentary Club Vistara Silver membership Get 1 complimentary lounge access voucher and 1 upgrade voucher Earn 9 Club Vistara Points for every Rs. 100 spent on Vistara flights
Lounge Access	6 complimentary visits per year to International Priority Pass Lounges, outside India (max. 2 visits per quarter) 8 complimentary visits per year to Mastercard Lounges in India (max. 2 visits per quarter)
Yatra	Get Rs. 750 off on Flight bookings above Rs. 6,000, once in a quarter Get 20% off on Hotel bookings, once in a quarter Free rescheduling and low cancellation charges on flights Free meals on-board flights
Metro Cash and Carry	Earn 10 reward points (5X) per Rs. 100 on all spends at Metro Cash & Carry stores Complimentary privileges through Bandhan- Loyalty program of Metro Cash & Carry* Up to 2% discount on the purchase value Free delivery of goods within 60 km of city limits

If you are a frequent traveler and specifically looking for a travel credit card, here are some other alternatives besides SBI Card ELITE Business-

Credit Card	Annual Fee	Best For	Key Feature
Citi PremierMiles Credit Card	Rs. 3,000	Air Mile Earning	10 miles for every Rs. 100 spent on all airline transactions
Air India SBI Signature Credit Card	Rs. 4,999	Travel Rewards and Exclusive Benefits with Air India	30 reward points for every Rs. 100 spent on Air India ticket booking
Standard Chartered Emirates World Credit Card	Rs. 3,000	Travel Rewards with Emirates, Lounge Access, and Golf Privileges	5% cashback on duty-free shopping and 6 Skyward miles on every Rs. 150 spent
HDFC Regalia Credit Card	Rs. 2,500	International Airport Lounge Access	Complimentary Priority Pass Membership and Club Vistara Silver Membership
American Express Platinum Travel Credit Card	Rs. 5,000	Travel Vouchers & Lounge Access	Travel voucher worth Rs. 9,440

Mastercard Privileges

• Get up to 4 complimentary Green fees access per year and 1 complimentary Golf coaching/lesson per month at select Golf Courses in India
• Up to 15% discount on best available room rates and up to 15% discount on F&B at Lalit Hotels
• Flat 25% discount on all bookings at Sarovar Hotels
• Up to 20% off on Hotels and Homestays at travelguru.com
• Up to  15% off on text classified and display classified at Bookmyad.com
• Flat 30% off on Printvenue

Other Benefits of SBI Card ELITE Business

Given below are the additional privileges that the card offers-

1% fuel surcharge waiver, on every transaction between Rs. 500 to Rs. 4,000, at any petrol pump across the country Complimentary credit card Fraud Liability Cover of Rs. 2 lakh with the Organisation level limit of Rs. 20 lakh Lowest Foreign Currency Mark-up Charge of 1.99% on international usage

SBI Card ELITE Business charges an annual fee of Rs. 4,999 which makes it a bit costly to have. However it is true to say that the annual fee is itself reversed in the form of welcome vouchers of Rs. 5,000 that the card offers. Overall, when compared with the benefits that it offers, the fee is justified. SBI Card has also set a fee waiver condition of reaching the spending milestone of Rs. 10 Lakh in a year which might seem too high for the cardholders. SBI Elite Credit Card is surely for the elite segment and if you are someone who would like to avail premium privileges, put high spends on the card and are willing  to pay a high annual fee for it, then this card is perfect for you.

Particulars	Fee / Charge
Annual/Renewal Fee	Rs. 4,999 (waived off on spending Rs. 10 lakh in a year)
Extended Credit Charges	Up to 3.5% per month, accounting for 42% per annum
Late Payment Fee	NIL for Total Amount due from Rs.0-Rs.500; Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Total Amount due greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Total Amount due greater than Rs. 10,000  up to Rs. 25,000; Rs. 1100 for Total Amount due greater than Rs. 25,000 & up to Rs. 50,000 Rs. 1,300 for Total Amount due greater than Rs. 50,000

Click here to know other associated fees and charges. 

Criteria	Details
Age	18-60 years
Occupation	Available to both Salaried and Self-employed
Serviceable Cities	Click here for the list of eligible cities
Documents Required	Click here for the list of acceptable documents

SBI Card ELITE Business is currently not being sourced by Paisbazaar. If you wish to apply for the same either visit the official website of SBI Card or the nearest branch.

Is SBI Card ELITE Business internationally acceptable?

SBI Card ELITE Business is accepted at over 24 million Visa outlets worldwide, including 3,25,000 outlets in India.

Does the card offer fuel surcharge waiver & if yes, where can I avail it?

Yes, SBI Card ELITE Business offers fuel surcharge waiver. It can be availed at any petrol pump in India.

Can I transfer my outstanding balance on any other bank’s credit card?

Yes, SBI Card ELITE Business provides the facility of ‘Balance Transfer’ via which you can transfer balances from other bank’s credit cards to SBI Card ELITE Business.

Does the card provide Fraud liability cover?

Yes, you get a cover of Rs. 2 Lakh against fraudulent transactions.