By Shubham Sharma
Updated On May 6, 2022

SBI ELITE Credit Card is a premium credit card by SBI Card and comes with an annual membership fee of Rs. 4,999. It used to be the most premium offering by SBI Card, however, after the launch of the SBI AURUM Credit Card earlier this year, it is now the second most premium credit card offered by SBI Card. Being a premium offering, SBI Bank ELITE Credit Card comes packed with some of the best in class value-added privileges that one expects from a premium credit card including complimentary domestic and international lounge visits, complimentary shopping vouchers, and discounted rates on hotel bookings, free movie tickets and many other add-on benefits.

As far as the reward rate is concerned, you earn 2 Reward Points per Rs. 100 spent with the card (reward rate of 0.5% as 1 Reward Point = Rs. 0.25) and 5X Reward Points per Rs. 100 on dining, departmental stores, and grocery spends (reward rate of 2.5%). SBI ELITE Credit Card comes in three variants- Visa variant, MasterCard variant, and American Express variant. While most benefits are the same across all three variants, the payment networks offer some exclusive benefits as well. For example, you get complimentary golf games with the MasterCard variant and discounted dining rates with the AmEx variant of the card. Read on to learn more about this premium offering by SBI Card.

Best Suited For

Movies | Travel | Shopping |

Joining Fee

Rs. 4,999 (plus applicable taxes)

Reward Type

Reward Points |

Product Details

  • Gift Voucher worth Rs. 5,000 as a welcome benefit.
  • 2 Reward Points on every Rs. 100 spent with the card except on fuel spends.
  • 5X RPs on spends on dining, grocery, and departmental stores.
  • Up to 50,000 Bonus Reward Points worth Rs. 12,500 every year on achieving the stipulated spend-based milestone (details below).
  • Free movie tickets (max benefit capped at Rs. 6,000 in a year).
  • Complimentary Club Vistara Membership and  Trident Privilege Membership.
  • 2 complimentary domestic lounge visits per quarter.
  • 6 complimentary international lounge visits in a year (max 2 visits per quarter).
  • Complimentary lost card liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card.
  • A lower foreign currency mark-up fee of 1.99% of the transaction amount.
  • Exclusive concierge service for assistance regarding online doctor consultation, flower delivery and gift delivery.
  • Exclusive privileges from Visa/MasterCard/American Express (details below).

Rewards and Benefits

Welcome Benefits

E gift voucher worth Rs. 5,000 from any one of  Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.

Movie & Dining

Get free movie tickets every month (max benefit capped at Rs. 6,000 per year and Rs. 250 per ticket, offer valid for at least 2 tickets per bookings per month), dining offers with up to 25% discount at partner restaurants (with American Express variant only)

Rewards Rate

2 Reward Points on every Rs. 100 on all spending except fuel (reward rate of 0.5%), 5X Reward Points on dining, departmental stores, and grocery spends (reward rate of 2.5%)

Reward Redemption

Reward Points redeemable for gift vouchers on sbicard.com or SBI mobile app or for paying the card’s outstanding balance, 1 Reward Point = Rs. 0.25

Travel

Complimentary Club Vistara Membership, complimentary Trident Privilege Red Tier membership, complimentary domestic and international airport lounge access.

Golf

4 rounds of complimentary green fees access and up to 50% off on golf games along with 1 complimentary lesson per month at selected golf courses across India (only with the MasterCard variant of the card)

Domestic Lounge Access

2 complimentary visits to domestic airport lounges every quarter

International Lounge Access

6 complimentary access international airport lounges per year (max 2 per quarter) with the Priority Pass program.

Insurance Benefits

Fraud liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card to the bank.

Zero Liability Protection

Fraud liability cover worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card

Fees & Charges

Joining Fee

Rs. 4,999 (plus applicable taxes)

Renewal Fee

Rs. 4,999 (plus applicable taxes)

Spend based Waiver

Renewal fee of Rs. 4,999 waived off if annual spends exceeded Rs. 10 lakh in the preceding year

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Rewards Redemption Fee

Rs. 99 (plus applicable taxes) per redemption request

Foreign Currency Markup

1.99% of the transaction amount

Interest Rates

3.50% per month (42% per annum)

Fuel Surcharge

1% fuel surcharge waiver on transactions between  Rs. 500 and Rs. 4,000 at all fuel stations across India (max waiver capped at Rs. 250 per month)

Cash Advance Charge

2.5% of the transaction amount, subject to a minimum charge of Rs 500

Add-on Card Fee

Nil

SBI ELITE Credit Card Features & Benefits

The SBI Elite Card is one of the most premium offerings by the SBI Card and hence comes with a number of exciting privileges. From welcome benefits to rewards to travel, you can avail exclusive offers across almost all the categories with this card. Read on to know detailed features and benefits of SBI Card Elite:

Welcome Benefits:

You get an e Gift Voucher worth Rs. 5,000 from any one of the following travel/lifestyle brands- Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion and Shoppers Stop as a welcome with the card.

Reward Points:

  • 2 Reward Points per Rs. 100 spent with the card.
  • 5X (10) Reward Points per Rs. 100 spent on dining, departmental stores and grocery spends.

Milestone Benefits:

  • Up to 50,000 Bonus Reward Points on achieving the stipulated spend milestones (details as under)-
Spend Milestone Bonus Reward Points
Rs. 3 lakh 10,000
Rs. 4 lakh 20,000
Rs. 5 lakh 35,000
Rs. 8 lakh 50,000

SBI ELITE Credit Card Travel Benefits:

  • Complimentary Club Vistara Silver Membership.
  • Complimentary Trident Privilege membership (Red Tier).
  • Complimentary domestic and international lounge access to domestic and international airports.
  • Up to 15% discount on best available room rates on Lalit and F&B hotels (for MasterCard variant only).
  • Up to 10% off on Hertz car rental and up to 35% off on Avis Car Rentals (for Visa variant only).
  • Enjoy exclusive benefits across 900 luxury hotels. (for Visa variant only).
  • Complimentary Tablet plus membership with access to VIP upgrades and privileges at hotels in India and abroad (for American Express variant only).

Airport Lounge Access:

  • 2 complimentary domestic lounge access per quarter by Visa/MasterCard/American Express.
  • 6 complimentary access to international airport lounges every year (max 2 per quarter) with the Priority Pass program.

Movie and Dining Benefits:

  • Complimentary/discounted movie tickets every month (max benefit capped at Rs. 6,000 per year and Rs. 250 per ticket, offer valid for at least 2 tickets per bookings per month).
  • Dining offers with up to 25% discount at partner restaurants (with American Express variant only).

Golf Benefits:

You get 4 rounds of complimentary green fees access and up to 50% discount on golf games along with 1 complimentary lesson per month at select golf courses across India. This benefit is applicable for the MasterCard variant of the card only.

Concierge Service:

You get a dedicated concierge service for assistance regarding flower delivery, gift delivery, and online doctor consultation. To avail of the service you need to call 1800-2121-68168 or email at [email protected]

Lower Foreign Markup Fee:

You are charged a lower mark-up fee of 1.99% of the transaction amount on foreign currency transactions made with the Elite SBI Credit Card.

SBI Elite Credit Card Annual Fee Waiver

The annual fee is waived off if the cardholder has spent Rs. 10 lakhs or more in the previous year.

Fuel Surcharge Waiver

The 1% fuel surcharge is waived off for all fuel transactions between Rs. 500 and Rs. 4,000. The maximum benefit through the fuel surcharge waiver is capped at Rs. 250 per month for this card.

SBI Card ELITE Reward Points Redemption:

The Reward Points that you earn using your SBI Elite Credit Card can be redeemed against:

  • gift vouchers/product catalog on sbicard.com or SBI mobile app.
  • the card’s outstanding balance via internet banking.
  • The value of 1 Reward Point = Rs. 0.25.

SBI Card ELITE Fees & Charges

Before proceeding further to apply for any credit card, one of the most necessary steps to follow is to check all its terms & conditions, charges, etc, and make sure that the fee is worth it. Following is the detailed information about the fees & charges of SBI Card Elite:

  • The annual fee of the SBI Elite Credit Card is Rs. 4,999, which can be waived off if you spend Rs. 10 lakhs or more in the previous year.
  • The interest rate on this credit card is 3.5% per month, i.e, 42% annually.
  • The foreign currency transaction fee on the SBI Card Elite is 1.99% of the transaction amount, which is very low as compared to most of the other credit cards. This fee is charged when you make a transaction in a different currency using your credit card.
  • The cash advance fee on this card is 2.5% of the transaction amount subject to a minimum of Rs. 500. This fee is charged when you withdraw cash using your Elite SBI Credit Card.

SBI Card ELITE Eligibility & Documentation

The basic eligibility criteria that you will have to fulfill in order to get approved for this SBI Elite Card are as mentioned below. However, the card issuer may have some internal criteria as well, based on which your credit card application may be approved or declined.

Criteria Age Income
Self Employed individuals 21 years to 60 years Rs. 60,000 per month or more
Salaried individuals 18 years to 65 years Rs. 60,000 per month or more

Documents Required

The documents that you will require to apply for SBI Elite Credit Card are as follows:

  • Identity Proof – Aadhar Card, Voters’ Id, PAN Card, Driving Licence, etc.
  • Address Proof – Aadhar Card, Utility bills, Passport, Driving Licence, etc.
  • Income Proof – Latest 3 months’ bank statements, latest 3 months’ salary slips, or latest audited ITR.

SBI ELITE Card Limit

Being a premium credit card, the SBI Card Elite comes with a high credit limit as compared to the other basic card issued by SBI. The credit limit may vary for different cardholders depending on their past payment history and credit score. However, if the cardholders are not satisfied with the credit limit they’ve got, they are provided with an option to request a higher credit limit. You can contact your credit card customer care and request them to provide you with a higher credit limit. It is advisable to use your card responsibly for a few months before applying for a limit upgrade so that your card issuer can trust you.

SBI Card ELITE Activation & PIN Generation

To activate your SBI Elite credit card or generate its PIN, you can choose any of the methods mentioned below as per your comfort:

  • Log in to your SBI Card internet banking account and link your SBI Elite card, if not already done. After that, you can easily find an option to generate/change your credit card PIN online.
  • You can also activate your credit card via an ATM. Visit your nearest SBI ATM and find an option for credit card PIN generation from the main menu.
  • If you are unable to generate your credit card PIN using the above methods, you can contact SBI Card customer care and they will assist you on the same.

How To Apply for SBI Elite Credit Card?

There are several online as well as offline methods to apply for SBI Elite Credit Card. To apply offline, you simply need to visit the branch with all the required documents and fill in the physical application form there and if you want to apply online, you can follow the below-mentioned steps:

  • Visit the official website of SBI Card.
  • Under the section ‘Apply,’ click on ‘apply now.’
  • You will see all the SBI Credit Cards there on your screen.
  • Select the SBI Card Elite and click on apply now.
  • Fill in the online application form and submit it.
  • One of the bank executives will get in touch with you for further process.

How To Check SBI Card ELITE Application Status?

If you have already applied for SBI Elite Credit Card, you can track the status of your application as follows:

  • Visit the SBI Card’s official website and click on the option ‘Credit Cards.’ Now, scroll down and you’ll the option ‘Track Application’ and enter the required details. You will get your application status in seconds.
  • You can also contact SBI Card customer care and ask them about the status of your credit card application.
  • Another option is to visit your nearest SBI branch and ask the bank executives for the same. But, it is always advisable to prefer any of the above methods.

SBI Card ELITE Bill Payment

  • SBI provides its credit card customers with a very easy way to pay their credit card bills via the SBI billdesk. Just enter a few required details like your credit card number, email address, amount to be paid, etc, and proceed further to make the payment.
  • Another way to pay your SBI Elite credit card bill is to do it via the SBI YONO app. Just register yourself on the app, link your credit card, and make your credit card bill payment under the section ‘pay.’
  • You can also pay your credit card bill through an ATM. Visit your nearest SBI ATM and find an option for credit card bill payment from the main menu.
  • If you prefer offline methods, you can either visit your nearest branch and make the payment in the form of cash/cheque, or drop a cheque at your nearest ATM dropbox.

SBI Elite Card Login/Internet Banking

To register your SBI Elite Card for internet banking, you will have to follow a few simple steps as mentioned below:

  • Visit the official website of SBI Card.
  • Under the login button, click on the option ‘New User? Register Now.’
  • Enter your credit card number, date of birth, CVV, and other required details.
  • You will receive an OTP on your registered mobile number for verification. Enter the OTP and proceed.
  • Your card will be successfully registered for internet banking after following all the above steps.

SBI Elite Credit Card Customer Care

In case of any queries, doubts, or complaints related to your Elite SBI Credit Card, you can contact the SBI Card customer care using the following details:

  • To contact customer care via call, you can dial any of these helpline numbers: 1800 180 1290 (toll-free), 1860 500 1290, 1860 180 1290, or 39 02 02 02 (add your local STD as prefix).
  • To contact customer care via mail, you can write and send your email to [email protected]
  • If you are a Twitter user, you can also contact SBI Card customer care via @SBICard_Connect.

Cards Similar To SBI Card ELITE

Benefits SBI Card Elite HDFC Diners Club Black Credit Card ICICI Sapphiro Credit Card
Annual Fee Rs. 4,999 Rs. 10,000 Rs. 6,500 (joining fee)Rs. 3,500 (annual fee)
Rewards Rate 2 Reward Points on every Rs. 100 spent.

5x Reward Points on dining, groceries, and departmental stores.
5 Reward Points on every spend of Rs. 150.

2x RPs on weekend dining.
Up to 6 Payback Points on every international spend of Rs. 100.Up to 3 Payback points on every domestic spend of Rs. 100.
Reward Redemption 1 Reward Point = Re. 0.25 for redemption against gift vouchers, products, and cashback. 1 Reward Point = Re. 1 for redemption against flight/hotel bookings, 1 RP = Re. 0.5 for redemption against product catalogue. 1 Payback Point = Re. 0.25
Additional Benefits Complimentary Club Vistara and Trident Privilege memberships. Up to 50,000 bonus Reward Points every year.

Complimentary domestic and international lounge access every year.

Up to 2 complimentary movie tickets every month.
Complimentary Club Marriott, Amazon prime, and Zomato Gold membership.Unlimited complimentary domestic and international lounge access.

Complimentary rounds of golf every quarter.
Complimentary domestic and international lounge access.Buy 1 get 1 free offer on movies on BookMyShow.

Up to 20,000 Payback Points every year on achieving the spend milestone.

Conclusion:

SBI ELITE Credit Card offers add-on benefits and privileges across all spending categories. The card offers a high reward rate of 2.5% on dining, departmental stores and grocery spends and a lower reward rate of just 0.5% on other categories. The card is best suited for financially well-to-do individuals who spend a substantial portion of their income on shopping and travel. Regalia Credit Card by HDFC, which comes at a lower annual fee of Rs. 2,500 and ICICI Sapphiro Credit Card (annual fee of Rs. 6,500) give a tough competition to the Elite SBI Credit Card. What’s your take on this premium offering by SBI Card? And, how, in your opinion, does it stack up against the competitors? Do let us know in the comments. If you’re an existing cardholder, feel free to share your experience for the benefit of others.

FAQs:

Yes, 1% fuel surcharge is waived off at all filling stations across India for transactions between Rs. 500 and Rs. 4,000 (max waiver capped at R.250 per month).

Yes, the card comes with a fraud liability protection worth Rs. 1 lakh applicable from 48 hours prior to 7 days post reporting the loss of card to the bank.

The annual membership fee of the SBI ELITE Credit Card is Rs. 4,999. The annual fee is waived off on achieving the spend milestone of Rs. 10 lakh in a membership year.

SBI charges a foreign currency mark-up fee of 1.99% of the transaction amount on all foreign currency transactions made with the card.

The card issuer, SBI Card, has not disclosed anything about the minimum or maximum credit limit of the SBI Elite Credit Card. But, the limit of this card would undoubtedly be high as it is one of the most premium cards of SBI Card.

You will be charged a card replacement fee of Rs. 100 to Rs. 250 to get your SBI Elite Credit Card replaced.

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