SBI ELITE Credit Card
Card Details
Card Details
- Issuer
- SBI Card
- Card type
- Premium
- Joining fee
- ₹4,999 + GST
- Annual fee
- ₹4,999 + GST
- Rewards currency
- Reward Points
Highlights
Highlights
- Welcome Voucher of ₹5,000
- 10 RPs on Dining, Groceries, Dept. Stores
- Free Movie Tickets worth ₹6,000/year
Welcome, annual & renewal benefits
Welcome, annual & renewal benefits
- Joining/Annual Fee: ₹4,999 + GST.
- Welcome Benefit: E-gift voucher worth ₹5,000 from top brands like Bata/Hush Puppies, Pantaloons, Shoppers Stop, Yatra.
- Spend-Based Waiver: Annual membership fee reversed on ₹10 Lakhs spend in the preceding year.
Reward earning
Reward earning
| Spend type | Earn rate |
|---|---|
| Dining, Departmental Stores, Grocery | 10 Reward Points / ₹100 |
| Other Eligible Spends | 2 Reward Points / ₹100 |
- 1 Reward Point = ₹0.25.
- Reward redemption fee of ₹99 + GST
Milestone Benefits
Milestone Benefits
- Get 10,000 points on spend of ₹3,00,000
- Get 10,000 points on spend of ₹4,00,000
- Get 15,000 points on spend of ₹5,00,000
- Get 15,000 points on spend of ₹8,00,000
Additional Benefits
Additional Benefits
- Free Movie Tickets: Up to ₹6,000 per year (max ₹500/month or 2 tickets).
- Complimentary Airport Lounge Access: 6 International (max 2/quarter) and 8 Domestic (max 2/quarter).
- Low Foreign Markup of 1.99%.
Review
Review
Given the fee and elite status of this card, SBI could have done a better job with the rewards rate. Base reward of 0.5% is too low. Milestone benefits elevate the earn rate but if you are spending that much in a year, it will make sense to get some other credit card.