SBI Elite Credit Card is an all-rounder premium credit card with benefits across varied categories including travel, shopping, movies and more. With a reward rate of 2.5% (on certain categories) SBI Card Elite is a highly rewarding card, especially if you are a high spender. Read more to know about the detailed features and benefits of the card.
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Key Highlights of SBI Elite Credit Card | |
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| Card Type | Premium |
| Best Suited For | Rewards and Travel |
| Joining Fee | Rs. 4,999 |
| Renewal Fee | Rs. 4,999 (reversed on annual spends of Rs. 10 Lakh) |
| Minimum Income Required | Rs. 60,000 per month |
| Welcome Benefit | Rs. 5,000 worth welcome gift vouchers |
| Best Feature | Up to 50,000 bonus rewards points annually; Club Vistara and Trident Privilege Membership |
| Paisabazaar Rating | ★★★★(4/5) |
| On this page |
*Offer valid till September 30, 2022.
SBI Elite Credit Card charges a joining fee of Rs. 4,999 but returns the entire amount in the form of a Rs. 5,000 welcome gift voucher. You can choose the brand of your choice from the varied brands that include Hush Puppies/ Bata, Yatra.com, Shoppers Stop and Pantaloons.
You will receive an SMS to choose from e-voucher options within 15 days of the annual fee payment. The e-voucher will be sent to your registered mobile number/email ID, within 5 days of the request.
SBI Card Elite is a highly rewarding card, especially if you are a high spender. Following is the reward point structure of SBI Elite Credit Card-
Note: 4 Reward Points= Rupee 1
Get up to 50,000 Bonus Reward Points worth Rs. 12,500/ year. Reward points are given in the following manner:
Converting into the cashback, 50,000 bonus rewards will be around Rs. 12,500. (Ratio of 4:1)
How to Redeem SBI Reward Points?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. |
With SBI Card Elite you will get complimentary movie tickets worth Rs. 6,000 every year. The transaction will be valid on at least 2 tickets per booking every year and you can avail a maximum benefit of Rs. 250 per ticket. Also, a convenience fee will be charged on all the transactions.
With your SBI Elite Credit Card, you will get a complimentary Club Vistara Silver Membership. The membership includes
Please note that this membership is only for primary cardholders. Once you get your new SBI Elite Credit Card, you should register for internet banking and then activate your Club Vistara Membership. Click here to apply for your Club Vistara Silver membership.
SBI Elite Credit Card is a great option if you are a frequent traveler as it offers numerous travel benefits. Trident Red Tier Membership is another benefit that you can avail on this card. The membership includes-
This offer is valid for primary cardholders only and can be activated by visiting the internet banking facility of SBI Card.
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| Domestic Lounge Program | 2 complimentary Domestic Airport Lounge visits every quarter in India. For list of lounges visit Visa/ Mastercard/American Express** |
| International Lounge Program* | Complimentary membership to the Priority Pass Program worth $99 6 complimentary Airport Lounge visits per calendar year, outside India ( max. 2 visits per quarter) Access over 1000 Airport Lounges worldwide |
*Usage fee of $27+applicable taxes will be charged on your SBI Card ELITE for visits to the Priority Pass member lounge after the complimentary visits.
**Note: As per RBI guidelines, MasterCard and American Express variant of this card is not being sourced currently.
Click here to know more about Priority Pass member Lounges. Only Primary Cardholders are eligible for Priority Pass and complimentary membership will be valid for 2 years only.
Suggested Read: Top 10 Airport Lounge Access Credit Cards in India
The additional significant benefits of the card are mentioned below-
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Read SBI Card Elite full Review
| Fees / Charges | Amount |
| Annual Fee (one time) | Rs. 4,999 |
| Renewal Fee (per annum) | Rs. 4,999 |
| Finance Charges | up to 3.50% per month [42% per annum] |
| Late Payment Fee* |
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Click here to check other associated fees and charges.
*An additional Late Payment Charge of Rs. 100 will be levied on missing payment of Minimum Amount Due (MAD) by the due date for two consecutive cycles. This charge will continue to be levied for every payment cycle until the MAD is cleared.
SBI Elite Credit Card charges an annual fee of Rs. 4,999 which makes it a bit costly one 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.
*Offer valid till September 30, 2022.
| Criteria | Details |
| Occupation | Salaried or Self-employed |
| Minimum Income for Salaried Applicants | Rs. 60,000 per month |
| Minimum Income for Self-employed Applicants | Rs. 60,000 per month |
| Serviceable Cities | Click here for the list of eligible cities |
| Documents Required | Click here for the list of acceptable documents |
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SBI Elite Credit Card would be best suited for the people who are heavy spenders and want an all-rounder card, even if it carries a high annual fee. The rewards rate on the card is not that great but satisfactory. However, the card offers decent travel benefits to the users, hence it is definitely a good travel credit card. In terms of hotel rewards, the card offers cardholders a 10% discount on top of a 2.50% rewards rate (10 points per Rs. 100, 1 point = Rs. 0.25) at participating Trident hotels. Additionally, cardholders purchasing Vistara Airlines tickets will earn 2.25% rewards rate (9 points per Rs. 100, 1 point = Rs. 0.25) on their bookings. These hotel and flight booking rates allow cardholders to earn great rewards on all their travels.
Though the card offers decent opportunities to earn the rewards, the redemption choices are not hassle-free. The conventional rewards catalogue may not attract a lot of customers. There is a cashback option but in 4:1 ratio which is again not a very good deal.
Moreover, the Priority Pass Membership is only valid for 2 years after which you will have to pay $99 to continue the membership in order to enjoy the 6 complimentary lounge visits in a year. Though the first-year fee is returned in the form of welcome e-vouchers, the brand options are very limited. Also, the annual fee waiver condition of Rs. 10 lakh spend is high.
At the end, SBI Elite Credit Card would suit the needs of a frequent traveler and a heavy spender.
| Should get this card if | Consider other options if |
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If you think SBI Card Elite is a good option for you, click here to apply. Also, check the list of top SBI Credit Cards across different categories.
| Credit Card | Annual Fee | Reward Points / Offers |
| Air India SBI Signature Credit Card | Rs.4,999 | 5 Reward points per Rs. 100 spent |
| IndusInd Bank Legend Credit Card | Nil | 1 Reward points per Rs. 100 on weekdays and 2 Reward points per Rs. 100 on weekends |
| HDFC Regalia Credit Card | Rs. 2,500 | 4 Reward Points on every Rs. 150 |
| HDFC Diners Club Privilege | Rs. 2,500 | 4 Reward points on every Rs. 150 |
Is SBI Card Elite credit card internationally acceptable?
SBI ELITE credit card 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 Elite Credit Card 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 credit card provides the facility of ‘Balance Transfer’ via which you can transfer balances from other bank’s credit cards to SBI Elite.
Does the card provide Fraud liability cover?
Yes, you get a cover of Rs. 1 Lakh against fraudulent transactions.
What should I do if I lose my credit card in a Foreign Land?
In case you lose your SBI Elite Credit Card in a foreign land you can call on a 24×7 Visa helpline number to get it replaced. Country wise numbers can be found here
