Get 5X reward points, low forex charges, a Club Vistara membership, a waiver on fuel surcharge, and more with this premium lifestyle card.
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 |
There are many benefits associated with a premium all-rounder card like this one. Here is a look at them.
Get a welcome e-Gift voucher worth ₹5,000 and redeem it across brands such as Bata, Hush Puppies, Pantaloons, Yatra, and more
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)
Get free movie tickets worth ₹6,000 in a year with up to ₹250 off per ticket for 2 tickets bought in a month
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
Get a Priority Pass Program membership worth $99 and 6 international lounge visits
Enjoy 2 complimentary visits to domestic airport lounges in India every quarter
Enjoy a free Club Vistara Silver membership, get an upgrade voucher, and earn 9 Club Vistara Points on every ₹100 spent on flights
Enjoy the lowest foreign currency markup charge of 1.99% on international use and earn 2 reward points on every ₹100 spent abroad
Get help with gift delivery, online doctor consultation, and more by dialling 1800-2121-68168
Get up to 50% off on golf games, up to 15% discount on room rates and food and beverages at Lalit Hotels, and more
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
Get up to 25% discount on dining offers and get a complimentary Tablet plus membership with access to VIP privileges at hotels worldwide
Get a 1% fuel surcharge waiver on every transaction between ₹500 and ₹4,000 at all petrol pumps across India
Swipe your card in over 24 million outlets across the globe, including 3,25,000 outlets in India
Pay conveniently by waving your card at secure readers for transactions of up to ₹5,000 and avoid handing over your card
Get credit card fraud liability cover of ₹1 Lakh, applicable from 48 hours before and up to 7 days after reporting of loss
Get your card replaced via the 24/7 helpline for emergency card replacement available for VISA and Mastercard users
Enjoy easy cash withdrawal from over 1 million Visa, Mastercard, or American Express ATMs across the world
Automate your electricity, insurance, and other utility bill payments using the Easy Bill Pay facility
Convert transactions of ₹2,500 and more into EMIs within 30 days of purchase, and choose from flexible tenor options
Avail lower interest rates and pay back in EMIs when you transfer the outstanding balance of other credit cards to this card
Set your card PIN, redeem reward points, and more using the Go Mobile SBI Card app or the YONO app
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 |
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.
All the reward points earned on your SBI Card ELITE will expire after 24 months from accrual.
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) |
Reward Points = 4,200 5X(84,000/100) |
1,050 |
Groceries |
Accelerated Category Spends (10X) |
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 |
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.
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.
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
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:
Click on ‘Check Eligibility’ and fill in the required details, including your
date of birth, phone number, and occupation
Enter the One-Time Password (OTP) sent to your phone
Review pre-filled details like your PAN card number, residential PIN code, email address, and income details
Apply for the card that suits your needs from the available options
Click on ‘Submit’ to complete your application
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
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 |
❌ |
✅ |
✅ |
❌ |
✅ |
✅ |
✅ |
✅ |
|
✅ |
❌ |
✅ |
❌ |
|
❌ |
❌ |
✅ |
✅ |
|
❌ |
✅ |
❌ |
✅ |
|
✅ |
❌ |
✅ |
✅ |
|
✅ |
✅ |
✅ |
✅ |
|
✅ |
❌ |
✅ |
❌ |
|
❌ |
✅ |
✅ |
✅ |
|
✅ |
❌ |
✅ |
✅ |
Disclaimer: The benefits mentioned may change as per the policies of SBI Card. Check them before you apply for a specific 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.
To avoid paying the renewal fees on your SBI Card ELITE, you can spend ₹10 Lakhs or more in the preceding year.
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.
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.
Yes, you can get a free add-on card for your parents, spouse, children or siblings older than 18 years of age.
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.
You can choose between the Mastercard, VISA, or American Express networks when opting for the SBI ELITE Card.
If your card is on the Mastercard or VISA network, you can contact the 24/7 helpline and request an emergency card replacement.