Despite charging a significantly high annual fee of Rs. 4,999, SBI Card ELITE’s reward rate of 2.5% (on the accelerated category) is lower than many entry-level and mid-range cards. SBI Card’s own Cashback Credit Card offers 5% value-back across all online spends, at an annual fee of Rs. 999. Earlier the card offered complimentary Trident Red Tier and Club Vistara Silver Tier memberships, which added significant value for travellers. However, now both memberships have been discontinued, leaving travellers with only lounge access feature to avail.
SBI Cards
SBI Card ELITE
Lounge Access
Movies
Reward Points
1st Year Fee: ₹4,999* Plus Applicable Taxes
Movie Benefits
Movie tickets worth Rs. 6,000 every year
Milestone Benefits
Up to 50,000 bonus reward points annually
Welcome Benefit
Vouchers worth Rs. 5,000 on card activation
Find Best Credit Card Offers
It hardly takes 2 minutes
+91
0 /10 Digits
Don't worry, this will not affect your credit score
The entered number doesn't seem to be correct
By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms of Use & Privacy Policy
About SBI Card ELITE
SBI Card ELITE is an all-rounder card offering benefits across multiple categories including movies, dining, rewards and more. Cardholders can earn decent rewards on their everyday spends along with substantial milestone benefits, making it a good choice for high-spenders. The card also offers movie tickets worth Rs. 6,000 in a year along with travel benefits like complimentary domestic and international lounge access and low foreign exchange mark-up fee.
Consumers who can maximize the movie benefit and spend a good amount through the card would be able to compensate for the fee charged. However, those who specifically seek travel benefits should look for other cards that offer benefits more inclined towards travel, such as Axis Atlas, or an airline co-branded credit card of their preference. High-spenders can also consider premium cards that comes with a high reward rate along with substantial benefits on travel and lifestyle spends, such as HDFC Diners Club Black or YES Marquee Credit Card.
Rewards Program & Milestone Benefits
Rewards Program
- 5X Reward Points on Dining, Departmental stores and Grocery Spends1
- 2 Reward Points per Rs. 100 on all other spends2
- 4 Reward Points= Rs. 1
Milestone Benefits
Cardholders can get up to 50,000 Bonus Reward Points worth Rs. 12,500 in a year in the following manner:
- 10,000 bonus rewards each on spending Rs. 3 Lakh and Rs. 4 Lakh in a year
- 15,000 bonus reward points on spending Rs. 5 Lakh in a year
- Additional 15,000 rewards on reaching annual spends of Rs. 8 Lakh
Also Read: Best credit cards in India 2025
Other Features & Benefits
- Welcome Benefit: Vouchers worth Rs. 5,000 from any of the following brands- Bata/Hush Puppies, Pantaloons, Yatra, Shoppers Stop or Aditya Birla Fashion
- Movie Benefit: 2 complimentary movie tickets worth Rs. 250 each per month from BookMyShow
- Domestic Lounge Access: 2 complimentary Domestic Airport Lounge visits every quarter in India. For list of lounges visit Visa/ Mastercard/American Express**
- Priority Pass Membership: Complimentary membership to the Priority Pass Program worth $99
- Low Forex Mark-up Fee: Comparatively lower foreign exchange mark-up fee of 1.99% on International usage
- International Lounge Access: 6 complimentary Airport Lounge visits per calendar year, outside India (max. 2 visits per quarter)
Also Read: International Lounge Access credit cards
Savings Calculator
₹
This is mandatory field
If you spend upto ₹0/yr
Spend Rewards₹0
Milestone Benefits₹0
You save₹0
₹4,999 Plus Applicable Taxes
NA₹4,999 Plus Applicable Taxes
Waived off on annual spends of Rs. 10 lakhNeed Help understanding?
SBI Card ELITE Fees and Charges
| Fee Type | Amount | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining Fee | Rs. 4,999 + Taxes | ||||||||||||||
| Annual Fee | Rs. 4,999 + Taxes | ||||||||||||||
| Finance Charges | 3.50% p.m. | 42% p.a. | ||||||||||||||
| Late Payment Charges |
|
Things to Know Before you apply
Get this card if:
You put most of the expenses on your credit card every month
You go out for movies and dining many times in a month
Complimentary domestic and international lounge access is a valuable feature for you
You would like to earn accelerated rewards on grocery and departmental store spends
Eligibility Criteria
Age: 21 to 70 years
Occupation: Salaried or Self-employed
Documents Required: PAN, Aadhaar or any other government approved photo ID and address proof, along with last 3-month’s salary slip or bank statement as proof of income
Paisabazaar Review
What do we like about this card?
SBI Card ELITE offers a decent reward rate across quite practical categories like grocery and dining. Moreover, movie benefit on the card is excellent wherein cardholders can get free movie tickets worth Rs. 6,000 in a year. This benefit alone can compensate for the card’s annual fee of Rs. 4,999, if maximized. Overall, the card stands a good option for people who regularly spend a considerable amount across the bonus categories and seek movie benefits from the card.
Pros
- Accelerated rewards on everyday spends like grocery, dining and departmental store purchases
- Good lounge access benefit at domestic as well as international airports
- Complimentary movie tickets worth Rs. 6,000 every year
- Low forex mark-up fee of 1.99%
Cons
- Base reward earning rate is low for transactions outside the accelerated category
- Reward redemption rate stands quite low at Rs. 0.25
- No travel benefits other than complimentary lounge access
Conclusion
Though SBI Card ELITE charges a high annual fee, the value-back (2.5%) offered through its rewards program is not impressive, especially in a market where many mid-range cards offer up to 5% value-back. Club Vistara and Trident Hotel membership has also been discontinued, which again reduces the card’s overall proposition an an all-rounder option. While the first-year fee is completely compensated for in the form of vouchers, second year onwards consumers would have to spend at least Rs. 10 Lakh in a year to get the fee waived off. Spending such a substantial amount through a card that features an average reward rate of 2.5% is perhaps not a good idea. Before getting the card, consumers should explore other entry-level and mid-range card options with good reward rate.
Frequently Asked Questions
Everything you need to know about this credit card
The reward points accumulated on SBI credit cards can be redeemed online by logging into SBI Card’s official website. They can also be redeemed by visiting the partner merchant store. Alternatively, you can also call on SBI Card helpline 39020202 (prefix local STD code) to redeem your reward points. Points can be redeemed in the multiples of 2000 points unless otherwise stated.
Yes. SBI ELITE credit card is accepted at over 24 million Visa outlets worldwide, including 3,25,000 outlets in India.
Yes, SBI Elite Credit Card offers fuel surcharge waiver. It can be availed at any petrol pump in India.
Yes, SBI Card Elite credit card provides the facility of ‘Balance Transfer’ through which you can transfer balances from other bank’s credit cards to SBI Card Elite.
Yes, you get a cover of Rs. 1 Lakh against fraudulent transactions.
In case you lose your SBI Elite Credit Card when travelling to a foreign country, you can call on a 24×7 Visa helpline number to get it replaced.
When booking tickets on the BookMyShow App or website, you have to apply the SBI Signature/ELITE Credit Card offer under the ‘Unlock Offer/Apply Promocode’ section. You have to book minimum two tickets to avail the offer and a maximum discount of Rs. 500 can be availed.
SBI Elite is a decent all-rounder credit card as it caters to some everyday spends like grocery, departmental stores and dining. The card also charges a low forex mark-up fee and provides complimentary Priority Pass membership, along with free domestic and international lounge visits. However, the reward rate on the card is too low for the annual fee charged. If you are looking for all-round benefits, getting a premium credit card like HDFC Diners Club Black or ICICI Emeralde Private would be better.
SBI Prime and SBI Elite both offer similar benefits around rewards, lounge access, etc. along with network-based benefits. SBI PRIME is available at an annual fee of Rs. 2,999 whereas SBI ELITE charges Rs. 4,999. ELITE provides a higher number of free lounge visits, low forex mark-up fee benefit and golf benefits, which are not available on the PRIME Card.
You will receive an SMS on your registered mobile number within 15 days of joining fee deduction from your card amount. The SMS will include the e-voucher options. You can respond with the given code and the e voucher will be sent to your mobile number within 30 days.
Footnotes
- Cumulative capping of 10,000 reward points per month on dining, grocery and departmental store spends combined
- Fuel, rent, wallet reload, cash advances, balance transfers, fees and charges, merchant EMI, Flexipay and government transactions are not eligible for rewards program
Click here to know More Terms and Conditions
Rupanshi Thapa
Rupanshi is a personal finance writer, specializing in credit cards and consumer finance. Her work is committed to helping readers navigate the complex world of credit with confidence– whether they are selecting the right credit card, optimizings rewards, managing debt, or improving their financial well-being. Through her detailed insights and actionable advice, she guides readers towards smarter financial choices.
Explore other Card Categories
Explore Cards from Leading Issuers
HSBC Bank
HDFC Bank
SBI Cards
American Express
ICICI Bank
Kotak Mahindra Bank
Axis Bank
Standard Chartered Bank
Yes Bank
RBL
IndusInd Bank
IDFC FIRST
AU Small Finance Bank
Federal Bank
Bank of Baroda
Punjab National Bank
SBM Bank
Canara Bank
Check eligibility for best credit cards
Check Eligibility
6 Comments
CAN I PAY ELECTRICITY BILL THROUGH SBI ELITE CREDIT CARD
Yes, you can pay your electricity bills using SBI Elite Credit Card.
Can add on credit cards enjoy airport lounge access and similar privileges like the primary cardholder?
Complimentary lounge access and Priority Pass membership on SBI Card ELITE are extended only to the primary cardholder.
Does SBI elite credit card provide reward points for Utility transaction (MCC Code – 4900)?
Yes. You can earn reward points on utility bill payments at base rate of 2 points for every Rs. 100 spent.