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SBI Card ELITE
SBI Card

SBI Card ELITE

"SBI's premium lifestyle card โ€” free movie tickets worth โ‚น6,000 annually, 5X rewards on dining and grocery, Priority Pass and low 1.99% forex markup"

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Quick Summary
๐Ÿ’ณ Joining Fee
โ‚น4,999 + GST
๐Ÿ”„ Renewal Fee
โ‚น4,999 + GST
Waived: Annual fee waived on spending โ‚น10 lakh or more in the preceding membership year
๐ŸŽฏ Best Suited For
Lifestyle spenders who dine out, buy groceries and watch movies regularly; frequent domestic and international travellers wanting lounge access; those who can maximize the โ‚น6,000 annual free movie ticket benefit
๐ŸŽ Reward Type
Reward Points (4 RPs = โ‚น1; 1 RP = โ‚น0.25; redeemable for vouchers, statement credit, merchandise)
๐ŸŽ‰ Welcome Benefit
E-gift voucher worth โ‚น5,000 from partner brands (Yatra, Bata or Hush Puppies, Pantaloons, Shoppers Stop, Aditya Birla Fashion) โ€” credited within 45 days of joining fee payment; effectively offsets first year fee
๐Ÿ’ฐ Reward Rate
10 RPs per โ‚น100 on dining, grocery and departmental store spends (2.5% effective); capped at 10,000 RPs per calendar month on accelerated categories; 2 RPs per โ‚น100 on all other eligible spends (0.5%); 2 RPs per โ‚น100 on international; excludes fuel, EMI, wallet, rent, government
โœˆ๏ธ Lounge Access
8 complimentary domestic airport lounge visits per year (2 per quarter); 6 complimentary international lounge visits per year via Priority Pass (max 2 per quarter) โ€” Priority Pass membership complimentary for primary cardholder only
๐Ÿ’ฑ Forex Markup
1.99% โ€” one of the lowest in India; excellent for international travellers
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โœ… Pros
  • Free movie tickets worth โ‚น6,000 per year โ€” effectively covers the annual fee
  • โ‚น5,000 welcome voucher nearly offsets joining fee
  • Low forex markup 1.99% โ€” best among SBI cards
  • 8 domestic plus 6 international lounge visits per year
  • 5X rewards on dining, grocery and departmental stores
  • Club ITC Silver Tier and Air India Flying Returns memberships
  • Milestone bonus RPs worth โ‚น12,500 for high spenders
โŒ Cons
  • Fee waiver requires โ‚น10 lakh annual spend โ€” very high
  • Base reward rate 0.5% on non-accelerated categories
  • High annual fee โ‚น4,999
  • Redemption capped at 60,000 RPs per month from April 2026
  • Club Vistara discontinued (merged with Air India)
  • Not suitable for pure travel card seekers

๐ŸŽ Rewards & Benefits

Reward Type
Reward Points (4 RPs = โ‚น1; 1 RP = โ‚น0.25; redeemable for vouchers, statement credit, merchandise)
Welcome Benefits
E-gift voucher worth โ‚น5,000 from partner brands (Yatra, Bata or Hush Puppies, Pantaloons, Shoppers Stop, Aditya Birla Fashion) โ€” credited within 45 days of joining fee payment; effectively offsets first year fee
Reward Rate
10 RPs per โ‚น100 on dining, grocery and departmental store spends (2.5% effective); capped at 10,000 RPs per calendar month on accelerated categories; 2 RPs per โ‚น100 on all other eligible spends (0.5%); 2 RPs per โ‚น100 on international; excludes fuel, EMI, wallet, rent, government
Reward Redemption
SBI Card website or app: gift vouchers, merchandise, statement credit (capped at 60,000 RPs per month from April 2026); Flexipay EMI; 1 RP = โ‚น0.25; redemption fee โ‚น99 + GST
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions โ‚น500 to โ‚น4,000; maximum โ‚น250 per statement cycle
Lounge Access
8 complimentary domestic airport lounge visits per year (2 per quarter); 6 complimentary international lounge visits per year via Priority Pass (max 2 per quarter) โ€” Priority Pass membership complimentary for primary cardholder only
Spend Based Fee Waiver
Annual fee waived on โ‚น10 lakh spend โ€” high threshold
Milestone Benefits
Free movie tickets via BookMyShow: 2 per month, max โ‚น250 per ticket, worth โ‚น6,000 annually; bonus RPs on annual spends of โ‚น3 lakh (15,000 RPs) and โ‚น5 lakh (35,000 additional RPs) โ€” max โ‚น12,500 in bonus RP value per year; complimentary 1-year Club ITC Silver Tier membership
Other Benefits
Club ITC Silver Tier membership (50% off 2nd night at ITC Hotels); Air India Flying Returns membership; concierge service; golf privileges with Mastercard variant; comprehensive travel insurance; 1% fuel surcharge waiver

โœจ Special Perks & Exclusive Offers

Memberships
Club ITC Silver Tier; Air India Flying Returns; Priority Pass
Insurance Cover
Lost card liability cover โ‚น1 lakh; travel insurance on international transactions; zero liability on timely reporting
Add-on Cards
Add-on cards with domestic lounge access on โ‚น5,000 quarterly spend
Concierge Services
Dedicated concierge for gift delivery, hotel and flight reservations, customized holiday packages
Special Offers
โ‚น6,000 annual free movie tickets (BookMyShow); โ‚น5,000 welcome voucher; milestone bonus RPs; Club ITC membership; 1.99% forex markup

๐Ÿ’ณ Fees & Interest Rates

Joining Fee
โ‚น4,999 + GST
Annual Fee / Renewal Fee
โ‚น4,999 + GST
โœ“ Waived on: Annual fee waived on spending โ‚น10 lakh or more in the preceding membership year
Interest Rate (APR)
๐Ÿ’ก Pay your balance in full each month and this never applies to you.
3.5% per month (42% per annum)
ATM Cash Withdrawal / Cash Advance
2.5% of withdrawn amount, minimum โ‚น300; international ATM 3%, minimum โ‚น300
Late Payment Charges
โ‚น100 to โ‚น1,300 based on outstanding amount
Over Limit Charges
2.5% of overlimit amount, minimum โ‚น500
Cheque Bounce / Auto-Debit Return
Details coming soon
Foreign Currency Markup
1.99% โ€” one of the lowest in India; excellent for international travellers
Other Charges
Redemption fee โ‚น99 + GST; statement credit redemption capped at 60,000 RPs per month from April 2026; Priority Pass membership valid for 2 years only; โ‚น10L fee waiver threshold is very high

๐Ÿ“‹ Eligibility & Credit Limit

Eligibility Criteria
Age 21 to 70 years; salaried or self-employed; minimum monthly income โ‚น60,000; Indian resident; strong credit history
Credit Score Requirement
720+ CIBIL recommended
Credit Limit
Based on income and SBI Card credit assessment; typically โ‚น1 to โ‚น5 lakh

๐Ÿ“… EMI, Balance Transfer & Debt Management

EMI Conversion
Flexipay: convert above โ‚น2,500 to EMI; tenures 3 to 24 months
Balance Transfer Facility
Available from other bank credit cards
Balance Transfer Interest Rate
As per SBI Card prevailing rates
Balance Transfer Charges
Details coming soon

๐Ÿ”’ Security & Fraud Protection

Card Block Feature
Instant block via SBI Card app or customer care
Instant Fraud Alerts
SMS and email alerts for every transaction
Purchase Protection
โ‚น1 lakh lost card cover on timely reporting
Virtual Card Numbers
Details coming soon
Zero Liability Protection
Zero liability on unauthorized transactions after reporting

๐Ÿ“ž Customer Service & Digital Experience

Phone Support
1860 180 1290 and 39 02 02 02 (prefix STD); 24x7
Chat / Email Support
Chat via SBI Card app; ILA chatbot; email: customercare@sbicard.com
Mobile App
SBI Card app: track spends, pay bills, Flexipay, milestone tracking
Online Banking
Full management via SBI Card website

Last updated: 01-06-2026

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