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SBI Card ELITE

Understand the key benefits, reward structure, annual charges, and overall value that SBI Card ELITE offers to you as a premium credit cardholder.

Joining Fee ₹4,999

Offers Welcome Gift of ₹5,000

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Last updated on: Jun 23, 2026

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The SBI Card ELITE is designed for those who seek luxury and convenience. You can enjoy 5X rewards on dining, shopping, and groceries, a welcome bonus, Club Vistara membership, and more premium benefits with this lifestyle credit card.

Key Highlights of the SBI Card ELITE

You get premium lifestyle benefits, higher reward points, and travel privileges with this card. Here is a quick overview of the main features and charges you should know:

Particular	Details
Joining Fee	₹4,999
Annual Fee	₹4,999 (You may get the annual fee waived if you spend ₹10 Lakhs or more in the previous membership year)
Suitable for	Rewards on lifestyle spends
Key Feature	Enjoy a free Club Vistara Silver membership
Activation Bonus	Earn 2,000 reward points after paying joining fee
Welcome Bonus	Get a welcome e-gift voucher worth ₹5,000

Disclaimer: The above-mentioned details are subject to change at the discretion of the issuer.

SBI Elite Credit Card Benefits

The SBI Elite Credit Card offers a range of premium lifestyle, travel, entertainment, and rewards-focused privileges. The table below provides a consolidated view of its key benefits, including reward earning opportunities, lounge access, travel perks, and milestone-based rewards.

Benefit Category	Key Benefits	Value / Offer
Welcome Benefits	Welcome e-gift voucher from partner brands	E-gift voucher worth ₹5,000 redeemable across selected partner brands such as Bata, Hush Puppies, Pantaloons, and Yatra
Entertainment Benefits	Complimentary movie ticket discounts	Up to ₹6,000 worth of movie ticket savings annually with discounts of ₹250 per ticket, up to 2 tickets per month
Milestone Benefits	Annual spend-based reward points	Earn up to 50,000 reward points annually on milestone spends of ₹3 Lakhs, ₹4 Lakhs, ₹5 Lakhs, and ₹8 Lakhs
ELITE Rewards	Accelerated reward earning on lifestyle spends	Earn 5X rewards on select categories such as dining, groceries, and retail shopping, along with 2 reward points per ₹100 spent on other eligible transactions
Airport and Lounge Access	Domestic and international lounge access privileges	Complimentary Priority Pass membership with 6 international lounge visits annually and 2 complimentary domestic lounge access visits per quarter
Low Foreign Exchange Markup	Reduced cost on international transactions	Competitive 1.99% foreign currency markup fee on overseas transactions along with reward point earnings on international spends
Concierge Service	Personal assistance for lifestyle and travel needs	Dedicated concierge support for services such as gift delivery assistance, travel-related support, reservations, and other lifestyle requirements
Fuel Surcharge Waiver	Savings on fuel purchases	1% fuel surcharge waiver on fuel transactions between ₹500 and ₹4,000 at fuel stations across India

Disclaimer: Benefits, reward structures, lounge access privileges, and associated terms may change at the issuer's discretion. Refer to the latest card terms and conditions for updated information.

SBI Elite Credit Card Fees and Charges

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

Fee Type	General Range
Joining Fee	₹4999
Annual Maintenance Fee	₹4,999 Waived off on annual spends of ₹10 Lakhs or more in the preceding year
Reward Redemption Fee	₹99 + GST
Interest Charges	Up to 45% per year, which is 3.75% 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.

SBI Elite Credit Card Eligibility Criteria

Here are the SBI Card ELITE eligibility terms you need to fulfil to complete your application:

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

Documents Required for SBI Elite Credit Card

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

Document Category	Accepted Documents
Government-issued Identity Proof	PAN card, Passport
Government-issued Address Proof	Aadhaar card, Ration card
Income Proof – Salaried	Latest salary slips (last 2–3 months), Form 16
Income Proof – Self-employed	Income Tax Returns (ITR), Bank statements showing income

How to Apply for SBI Elite Credit Card Online

Bajaj Markets provides a secure, one-stop platform to compare your shortlisted credit cards and apply credit card online. The process ensures utmost data security and transparency.

To know how to apply, read the steps given below:

Click on ‘Check Card Offer’ 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

SBI Elite Credit Card vs Other Premium Cards

Before applying for the SBI Card ELITE, you may compare its benefits, rewards, and annual charges with other SBI credit cards available on Bajaj Markets:

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	❌	✅	❌	✅
BPCL SBI Card Octane	✅	✅	✅	✅
SBI BPCL Credit Card	✅	❌	✅	❌
SBI Pulse Card	❌	✅	✅	✅

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

How to Maximise Rewards on SBI Elite Credit Card

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 = 12,000 10X(1,20,000/100)	3000
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		17,880	4,470

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:

Redeem 17,880 points via the SBI Card rewards portal for various products, such as accessories, homeware, electronics, and more.
Convert your reward points into cash by contacting SBI Cards. Since 4 reward points = ₹1, the cash value of 17,880 rewards = ₹4,470.

SBI Elite Credit Card EMI Calculator

Your Credit Card EMI

₹ 454

Total Interest Amount

₹ 444

Transaction Amount

₹ 5,000

Total Payable Amount

₹ 5,444

Loan Amount

1000 1000000

Interest Rate

- +

Tenure

- +

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Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

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Financial Content Specialist

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Saptarshi Ghosh

FAQs on SBI Elite Credit Card

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

You may get the annual fee waived if you spend ₹10 lakh or more in the previous membership 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 is worth ₹0.25. This means 4 reward points equal ₹1 when redeemed as per the applicable redemption options.

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

Yes, you can request add-on cards for your parents, spouse, children, or siblings who are 18 years or older. Add-on cards are issued free of cost.

Is the SBI ELITE Credit Card a premium card?

Yes, SBI Card ELITE is positioned as a premium lifestyle credit card. It has a joining fee of ₹4,999 + GST and offers accelerated reward points, travel benefits, and lifestyle privileges.

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?

You should immediately contact SBI Card customer care to block the card. If your card is on the Mastercard or Visa network, you may also request emergency card replacement and emergency cash assistance, where applicable.

What type of card is SBI Elite?

SBI Card ELITE is a premium lifestyle credit card. It is designed for high-spending users who seek travel benefits, reward acceleration, and exclusive privileges.

Does SBI Elite have lounge access?

Yes, SBI Card ELITE offers complimentary airport lounge access. The number of visits and eligibility may vary based on the card network and applicable terms. You should check the latest benefit details at the time of use.