The State Bank of India offers an all-rounder premium credit card named SBI ELITE Credit Card to the customers with high spending habits. You can enjoy the benefits across varied categories including shopping, travel, movies and more. SBI ELITE Card is a highly rewarding card because of its reward rate of 2.5% (applicable on certain categories. Read ahead to know more about the SBI ELITE card benefits, features and more.
Key Highlights of SBI Elite Credit Card |
|
Card Type |
Premium |
Joining Fee |
₹4,999 |
Renewal Fee |
₹4,999 (waived off if the annual spend is more than ₹10 Lakh) |
Welcome Benefit |
₹5,000 worth welcome gift vouchers |
Minimum Income Required |
Monthly income of ₹60,000 |
Best Suited For |
Rewards and Travel |
Best Feature |
Up to 50,000 bonus rewards points worth ₹12,500/ year; Complimentary Club Vistara Silver and Trident Privilege Red Tier Membership |
If you want the SBI ELITE Credit Card, you can apply online via the Bajaj Markets website or app by following the steps mentioned below:
To apply for SBI Credit Card ELITE, one should fulfil certain eligibility criteria and have to submit required documents. They are explained below.
The applicant should be a resident of India.
The applicant should be employed or have a regular source of income.
Salaried applicants should be between the age of 21-55 years
Self-employed applicants should be between the age of 21-70 years
The applicant should have a minimum of ₹60000 as monthly income.
Identity proof
Residence proof
Form 16/salary slip for last 3 months/IT return copy as income proof
Reward Point |
Description |
Value |
Welcome Rewards |
Welcome e-vouchers across top brands |
₹5,000 |
Complimentary Movie Tickets |
Discount up to ₹250 on 2 movie tickets per month |
Up to ₹6,000 every year |
50,000 Milestone Rewards |
Milestone privileges |
₹12,500 |
Rewards on International Transactions |
Low Forex of 1.99% on International usage |
2 reward points per ₹100 per spent |
ELITE Rewards |
|
2 reward points per ₹100 spent |
To redeem your SBI ELITE reward points, you should use SBI credit card net banking :
Check out the SBI ELITE Credit Card benefits and features given below:
You will receive ₹4,999 worth welcome e-gift voucher on payment of SBI Card ELITE annual fee as joining fee. You can choose to redeem the voucher from any of the following brands.
Hush Puppies
Pantaloons
Bata
Yatra
Aditya Birla Fashion
Shoppers Stop
You can earn ELITE reward points on all purchases. Note that 4 reward points are equal to ₹1. You can utilise these benefits across various categories. The reward point structure is:
Earn 5X Reward Points on dining, grocery and departmental stores spends
Earn 2 Reward Points per ₹100 on all other spends, except fuel
Earn 2 Reward Points on every ₹100 spent on International transactions
Get ₹6,000 worth free movie tickets annually. The transaction will be valid on at least 2 tickets per booking every year and you can avail a maximum benefit of ₹250 per ticket.
Receive an annual 50,000 bonus reward points which is worth ₹12,500
Once annual spends reach ₹3 lakhs and ₹4 lakhs, get 10,000 bonus reward points
Get 1 complimentary Upgrade Voucher
For every ₹100 spent on Vistara flights, earn 9 Club Vistara Points
Offer is valid for Primary Cardholders only
On registration, receive exclusive 1,000 Welcome Points
On your first stay, enjoy 1,500 bonus points and on extended night stay, an additional ₹1,000 hotel credit.
Offer is valid for Primary Cardholders only
Access over 1000 Airport Lounges worldwide
Free membership to the 99 dollars worth Priority Pass Program.
6 free Airport Lounge visits outside India every calendar year (max. 2 visits per quarter) W.e.f. 1st July 2017
Get 8 free Domestic Airport Lounge visits in India every year.
Offer is brought to you by Visa/Mastercard/American Express and is for a limited period only
SBI Card ELITE offers you the privilege of the lowest Foreign Currency Mark-up Charge of 1.99% on International usage.
Dedicated assistance on gift delivery, flower delivery, online doctor consultation, etc.
The SBI ELITE Credit Card Fees and Charges include:
Annual Fee (one-time) |
₹4,999 + taxes |
Renewal Fee (per annum) |
₹4,999 + taxes from second year onwards |
Add-on Fee (per annum) |
Nil |
Finance charges |
Up to ₹25 or 3.35% per month (whichever is higher) |
Minimum amount due |
5% of total outstanding |
Cash Advance Limit |
Up to 80% of credit limit, with a maximum of ₹12,000 per day |
Free Credit Period |
Nil |
Payment Dishonour fee |
2% of the payment amount, subject to a minimum of ₹500 |
Statement retrieval |
₹100 per statement, which is two-months old or more |
Late payment |
Nil for total amount due from ₹0- ₹500; ₹400 for total amount due greater than ₹500 & up to ₹1,000; ₹750 for total amount due greater than ₹1,000 & up to ₹10,000; ₹950 for total amount due greater than ₹10,000 |
Card replacement |
₹100 |
Emergency card replacement, when abroad |
Actual cost, with a minimum of $175 |
Foreign currency transaction |
Conversion mark-up: 1.99% |
Dynamic Currency Conversion |
Mark-up fee: 3.50% (for all cards except ELITE) 1.99% (for ELITE cardholders only; for transactions greater than or equal to ₹1,000) |
Surcharges |
|
The SBI ELITE card credit limit is decided at the bank’s discretion. Several factors are considered while approving this limit. They are:
Credit history of the applicant, the
Credit report
Credit score
Ongoing debts or loans of the applicant
In case of any queries or complaints regarding SBI ELITE credit card, you can reach up to
SBI Credit Card Customer Care using the helpline number 1860 180 1290 (toll-free) or 39 02 02 02 (prefix local STD code).
SBI Card Customer Care team via an email through customercare@sbicard.com.
Credit Card |
Ideal For |
BPCL SBI credit card is best-suited for purchase of Fuel, Travelling, and Shopping |
|
BPCL Octane SBI credit card is best-suited for purchase of Fuel, Travelling, and Shopping |
|
SBI Central credit card is best-suited for Shopping, Dining, and Entertainment |
|
SBI Club Vistara credit card is best-suited for Travelling, Entertainment, and Dining |
|
SBI FBB STYLEUP credit card is best-suited for Shopping, Rewards, and Cashback |
|
SBI IRCTC credit card is best-suited for Travelling, Entertainment, and Fuel |
|
SBI Lifestyle credit card is best-suited for Shopping, Rewards, and Cashback |
|
SBI Max SELECT credit card is best-suited for Shopping, Rewards, and Cashback |
|
SBI PRIME credit card is best-suited for Travelling, Shopping, and Fuel |
|
SBI SimplyCLICK credit card is best-suited for Shopping, Entertainment, and Fuel |
|
SBI SimplySAVE credit card is best-suited for Shopping, Entertainment, and Fuel |
In case of any questions related to your credit card statement, steps to login to your credit card netbanking account, how to use credit card EMI for online shopping, or ways to check your credit score, get in touch with our executives today!
The documents acceptable for an SBI Credit Card ELITE are proof of income documents like salary slips or IT Returns, and proof of identity and residence such as PAN and Aadhaar Cards, a voter’s ID, a passport or a driving licence.
Total Credit Limit: It is the maximum credit limit you can avail on your SBI Card ELITE. Available Credit Limit: It is the credit amount available for purchases as on date.
SMS AVAIL XXXX (XXXX = Last four digits of your SBI Card) from registered mobile number) to know more about your SBI Card ELITE limit.
A host of benefits are offered by the card, such as 5 x reward points on all spending, welcome gift vouchers, Trident Hotel membership privileges and global/domestic airport lounge access.
Yes. This is because you get gift vouchers on joining, milestone gift vouchers, reward points on any spending, hotel and airport privileges and more.
The annual fee for an SBI ELITE credit card is ₹4,999 plus taxes.
Yes, the SBI Card Elite credit card is internationally acceptable. It can be used at a foreign currency markup fee of 1.99%.
The complimentary credit card fraud liability cover of SBI ELITE card is worth ₹1 lakh. This cover is liable from the period of 48 hours prior to reporting of loss till 7 days post reporting of loss.
The cash advance limit on SBI ELITE credit card is up to 80% of the credit limit, with a maximum of ₹15,000 per day. The SBI credit card cash withdrawal charges for this card at any ATM (including SBI) is 2.5% of the transaction amount, subject to a ₹500 minimum.
Yes, you can apply for an add-on card with SBI ELITE Card.
No, the annual membership fee for SBI ELITE credit card is ₹4,999. The annual fee is waived off if you spend ₹10 lakh or more with the card for a year.