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✓ Fast Processing ✓ Exciting Rewards ✓ Easy EMI Facility | Apply for an SBI Card now! Check Card Offer

Key Highlights of the SBI Card ELITE

Check the standout features of this shopping credit card:

Joining Fee

₹4,999 

Annual Fee

₹4,999

Get this waived off if you spend ₹10 Lakhs or more in the preceding year

Suitable for

Rewards on lifestyle spends

Key Feature

Enjoy a free Club Vistara Silver membership

Welcome Bonus

Get a welcome e-gift voucher worth ₹5,000

Features & Benefits

There are many benefits associated with a premium all-rounder card like this one. Here is a look at them.

Welcome Bonus

Get a welcome e-Gift voucher worth ₹5,000 and redeem it across brands such as Bata, Hush Puppies, Pantaloons, Yatra, and more

Accelerated Rewards

Get 5X rewards on spends in handpicked categories such as dining, retail, and groceries, and earn 2 reward points per ₹100 spent (Exception: Fuel transactions)

Movie Tickets

Get free movie tickets worth ₹6,000 in a year with up to ₹250 off per ticket for 2 tickets bought in a month

Milestone Privileges of 50,000 points

Get points worth ₹12,500 per year, divided as 10,000 each on spending ₹3 Lakhs and ₹4 Lakhs, and earn 15,000 points each on spends of ₹5 Lakhs and ₹8 Lakhs

International Airport Lounge Access

Get a Priority Pass Program membership worth $99 and 6 international lounge visits

Domestic Lounge Access

Enjoy 2 complimentary visits to domestic airport lounges in India every quarter

Club Vistara Membership

Enjoy a free Club Vistara Silver membership, get an upgrade voucher, and earn 9 Club Vistara Points on every ₹100 spent on flights

Forex Benefits

Enjoy the lowest foreign currency markup charge of 1.99% on international use and earn 2 reward points on every ₹100 spent abroad

Dedicated Concierge Service

Get help with gift delivery, online doctor consultation, and more by dialling 1800-2121-68168

Mastercard Privileges

Get up to 50% off on golf games, up to 15% discount on room rates and food and beverages at Lalit Hotels, and more

VISA Privileges

Save up to 10% on Hertz car rentals, up to 35% on Avis car rentals, and enjoy other exclusive benefits across 900 luxury hotels in the world

American Express Privileges

Get up to 25% discount on dining offers and get a complimentary Tablet plus membership with access to VIP privileges at hotels worldwide

Waiver on Fuel Surcharge

Get a 1% fuel surcharge waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India

Accepted Globally

Swipe your card in over 24 million outlets across the globe, including 3,25,000 outlets in India

Contactless Advantage

Pay conveniently by waving your card at secure readers for transactions of up to ₹5,000 and avoid handing over your card

Fraud Liability Cover

Get credit card fraud liability cover of ₹1 Lakh, applicable from 48 hours before and up to 7 days after reporting of loss

Emergency Card Replacement

Get your card replaced via the 24/7 helpline for emergency card replacement available for VISA and Mastercard users

Global Cash Access

Enjoy easy cash withdrawal from over 1 million Visa, Mastercard, or American Express ATMs across the world

Easy Bill Pay Facility

Automate your electricity, insurance, and other utility bill payments using the Easy Bill Pay facility

Split Big Bills

Convert transactions of ₹2,500 and more into EMIs within 30 days of purchase, and choose from flexible tenor options

Balance Transfer Facility

Avail lower interest rates and pay back in EMIs when you transfer the outstanding balance of other credit cards to this card

SBI Mobile App

Set your card PIN, redeem reward points, and more using the Go Mobile SBI Card app or the YONO app

SBI Card ELITE’s Rewards Program

Here is what you should know about reward points you can earn while using an SBI ELITE Card:

A. Reward Points

  • The SBI Card ELITE offers 5X rewards when you spend on categories such as dining and groceries. 

 

Here is an example demonstrating this:

Purchase (Monthly)

Amount

Reward Points

Dining Out

₹7,000

350

Grocery Shopping

₹10,000

500

Disclaimer: The above example is for illustration purposes only. 

 

  • You also get 2 reward points for every ₹100 spent using the card, except on fuel transactions.

Here is an example 

Purchase (Monthly)

Amount

Reward Points

Online Shopping

₹5,000

100

Fuel Surcharge Waiver

₹8,000

-

Gym Membership

₹2,000

40

Disclaimer: The above example is for illustration purposes only. 

 

  • The SBI ELITE Card also has a unique spend-based milestone rewards system. This allows you to receive up to 50,000 reward points as you cross each spending threshold. 


Here is how it works:

Spend Milestone (₹)

Reward Points

₹3 Lakhs

10,000

₹4 Lakhs

10,000

₹5 Lakhs

15,000

₹8 Lakhs

15,000

B. Redemption Process

The SBI Card redemption process is easy. Simply log in to your credit card account online or via the Go Mobile app. You can redeem points against merchandise from the rewards catalogue or as e-vouchers or gift cards. A rewards redemption fee of ₹99 is applicable as per specified terms and conditions. 

 

C. Expiration 

All the reward points earned on your SBI Card ELITE will expire after 24 months from accrual. 

 

D: Example of Savings

Drawing from the above illustration, here is a look at what your annual expenses and savings will look like: 

Category

Details

Conversion

Cash Value (₹)

Dining Out

Accelerated Category Spends (5X)
Assuming spends 84,000 p.a./ 7,000 p.a.

Reward Points = 4,200

5X(84,000/100)

1,050

Groceries 

Accelerated Category Spends (10X)
Assuming spends 1,20,000 p.a./ 10,000 p.a.

Reward Points = 6,000

5X(1,20,000/100)

1,500

Gym Membership

Normal Category Spends 

Assuming spends 24,000 p.a./ 2,000 p.a.

Reward Points = 480

2X(24,000/100)

120

Online Shopping

Normal Category Spends
Assuming spends 60,000 p.a./ 5,000 p.m.

Reward Points = 1,200

2X(60,000/100)

300

Total Annual Savings

 

11,880

2,970

Disclaimer: The above example is for illustration purposes only. The actual rewards and savings may vary based on the policies of the issuer and on the timely payment of credit card dues. Please check with the card issuer before applying. 

 

Now, you have two options:

1. Redeem 11,880 points via the SBI Card rewards portal for various products, such as accessories, homeware, electronics, and more. 

2. Convert your reward points into cash by contacting SBI Card. Since 4 reward points = ₹1, the cash value of 11,880 rewards = ₹2,970.

Fees and Charges Associated with the SBI Card ELITE

Here are all the charges you can expect to incur while using the SBI Card ELITE:

Fee Type

General Range

Joining Fee 

₹4,999 


Annual Maintenance Fee

₹4,999 

Waived off on annual spends of ₹10 Lakh or more in the preceding year

Rewards Redemption Fee

₹99 + GST

Interest Charges

Up to 42% per year, which is 3.50% monthly

Minimum Amount Due 

5% as per this calculation:

Total GST + EMI amount + 100% of

Fees/Charges + 5% of [Finance charge (if any) + Retail Spends and

Cash Advance (if any)] + Overlimit Amount (if any)

Late Payment Fee

Can go up to ₹1,300 based on the outstanding balance

Foreign Transaction Fee

1.99% of the transaction amount

Cash Advance Fee

2.50% of the withdrawn amount or ₹500, whichever is higher

Note: A GST of 18% is applicable on the above-mentioned charges.

 

Disclaimer: These fees and charges are also subject to change at the discretion of the issuer. Before applying, check the issuer’s Most Important Terms and Conditions (MITC) document to verify.

Eligibility and Application Process

Check the SBI Card ELITE eligibility terms and keep all the documents ready to complete your application in minutes. To apply, you need to be:

  • 21 years and older if you are salaried

  • 25 years and above if you are self-employed 

  • 40 years and above if you are a retired pensioner 

  • Up to 70 years old

  • A stable earner with a regular income

  • Creditworthy, with a good credit score

Here is the general list of documents you may need to submit: 

  • Government-issued Identity Proof:

    • PAN card

    • Passport

  • Government-issued Address Proof:

    • Aadhaar card

    • Ration card

  • Income Proof:

    • Salaried: Latest salary slips (past 2-3 months), Form 16

    • Self-employed: Income Tax Returns (ITR), bank statements showing income

 

Apply Online

Bajaj Markets provides a secure, one-stop platform to compare your shortlisted credit cards and apply online. The process ensures utmost data security and transparency. To know how to apply, read the steps given below:

  1. Click on ‘Check Eligibility’ and fill in the required details, including your   

         date of birth, phone number, and occupation 

  1. Enter the One-Time Password (OTP) sent to your phone

  2. Review pre-filled details like your PAN card number, residential PIN code, email address, and income details

  3. Apply for the card that suits your needs from the available options

  4. Click on ‘Submit’ to complete your application

 

Customer Care 

If you have any questions, reach out to SBI Card’s customer care team via email or phone:

  • Call 1860 500 1290, 1860 180 1290, 39 02 02 02 (Prefix local STD code) or 1800 180 1290 (Toll Free). Customer service executives are available from 8 AM to 8 PM, Monday to Saturday.

  • Email customercare@sbicard.com

SBI Card ELITE vs Others

Before applying for the SBI Card ELITE, compare its benefits with other cards from the same issuer.

Card Name

Cashback

Complimentary Airport Lounge Access

Fuel Surcharge Waiver

10X Reward Points

SBI Card ELITE

SimplySAVE SBI Credit Card

IRCTC SBI RuPay Card

SimplyCLICK SBI Card

SBI Card PRIME

SBI Lifestyle Home Centre Credit Card

BPCL SBI Card Octane

SBI BPCL Credit Card

SBI Pulse Card

Max SBI Card SELECT 

Disclaimer: The benefits mentioned may change as per the policies of SBI Card. Check them before you apply for a specific card.

Frequently Asked Questions

How can I redeem my Club Vistara points collected on the SBI ELITE Credit Card?

You can redeem your Club Vistara points while flying with Singapore Airlines and SilkAir. Contact the customer service centre at +91 9289228888 for more details.

How to skip paying the annual fee on my SBI ELITE Credit Card?

To avoid paying the renewal fees on your SBI Card ELITE, you can spend ₹10 Lakhs or more in the preceding year.

What is the SBI Card ELITE’s maximum limit?

Your credit card limit is based on factors such as your credit health and the issuer’s policies. Hence, there is no fixed credit limit on the SBI Card ELITE.

What is the value of 1 reward point on my SBI ELITE Credit Card?

One reward point equals ₹0.25, which means that if you earn in multiples of four reward points which equate to ₹1, you are up for more savings.

Can I get add-on cards on my SBI ELITE Credit Card?

Yes, you can get a free add-on card for your parents, spouse, children or siblings older than 18 years of age. 

Is the SBI ELITE Credit Card a premium card?

Yes, the SBI ELITE is a premium lifestyle credit card. Its joining fee is set at ₹4,999 + GST, and it offers accelerated reward points, discounted forex markup, and Club Vistara membership.

Which payment networks is the SBI ELITE Credit Card available on?

You can choose between the Mastercard, VISA, or American Express networks when opting for the SBI ELITE Card.

What can I do if my SBI ELITE Credit Card is lost while travelling?

If your card is on the Mastercard or VISA network, you can contact the 24/7 helpline and request an emergency card replacement.

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