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SBI Elite
Premium
Best for: Rewards
Joining Fee :
₹4,999
Annual Fee :
₹4,999
Issued by
SBI
Powered by
Mastercard
Welcome Bonus
Travel
Fuel
Shopping
Cashback
Rewards
Insurance
Interest
Lounge
Looking for a premium card that combines savings and rewards? Consider the SBI Elite Credit Card! This versatile card suits high-spenders and frequent travelers, offering benefits across travel, movies, dining, and more. For ₹4,999 annually, earn 0.5% to 5% rewards on all spending.
Features & Benefits
🎁 Welcome Bonus
• E-gift vouchers worth ₹5000 upon joining.
• Note: Brands to choose from are Shoppers Stop, Pantaloons, Hush Puppies/Bata and Aditya Birla Fashion.
🏆 Milestone Benefit
• 10,000 bonus reward points on spending ₹3 lakhs and ₹4 lakhs on the card.
• 15,000 bonus Reward Points on achieving annual spends of ₹5 lakhs and ₹8 lakhs.
• Spend Based Reversal of Annual Fee on spends of ₹10 Lakh.
⭐ Reward Points
• Get 5X Reward Points on Dining, Departmental stores and Grocery Spends.
• Earn 2 Reward Points per ₹100 on all other spends, except fuel.
• Reward Rate: 0.5% to 5%
⛽ Fuel Surcharge
• 1% fuel surcharge waiver, on every transaction between ₹500 and ₹4,000, at any petrol pump across the country.
• Note: Maximum surcharge waiver available is ₹250 per statement cycle.
🎭 Entertainment Benefit
• Free movie tickets worth ₹6,000 every year, with a maximum discount of ₹250/ticket for 2 tickets per month.
• Note: The Convenience Fee would be chargeable.
🎟 Concierge Services
• Assistance with gift delivery, flower delivery, and online doctor consultation.
• Note: Call 1800-2121-68168 or email at support@premiumconcierge.in to avail.
💳 EMI Benefit
• Facility of transferring other bank credit card balances to their SBI Card and paying back in EMIs.
🔒 Zero Lost Card Liability
• Complimentary credit card fraud liability cover of ₹1 lakh, valid from the period of 48 hours prior to reporting of loss till 7 days post reporting of loss.
Joining Fee
₹4,999
Annual Percentage Rate
42.00%
Foreign Transaction Fee
1.99%
Annual Fee
₹4,999
Minimum Repayment Amount
5%
Over Limit Penalty
2.5%
Add-on Card Fee
Free
Cash Withdrawal Fee
2.50%
Fuel Surcharge
1%
Card Replacement Fee
₹100
Cash Advance Limit
80%
Reward Point Value
₹0.25
Fees & Charges
Pros
1. Accepted in more than 24 million outlets across the globe, with 3,25,000 outlets in India.
2. Exclusive benefits across 900 luxury hotels worldwide.
3. Up to 15% discount on F&B at Lalit Hotels.
4. Facility to withdraw cash from over 1 million ATMs across the globe.
5. Offers 2 reward points on every ₹ 100 spent on international transactions.
Cons
1. A maximum of 2 visits per quarter are allowed to airport lounges.
2. The users can redeem the points for travel bookings (flights/hotels) only.
3. Maximum fuel surcharge waiver available is just ₹ 250 per statement cycle.
4. High annual fee waiver condition of ₹ 10 lakh.
Eligibility
• Age: 18–70 years
• Occupation: Salaried or Self-Employed
• Income:
- Salaried: ₹60,000 per month
- Self-Employed: ITR > ₹7.2 Lakhs per annum
Documents Required
1. Identity Proof (any one): PAN Card, Aadhaar Card, Driver's License, Passport, Voter's ID, OCI Card, PIO Card, NREGA Job Card, or UIDAI-issued letters
2. Address Proof (any one): Aadhaar Card, Driver's License, Passport, Recent Utility Bill (within 3 months), Ration Card, Property Documents, Bank Statement
3. Income Proof: Recent salary slips (1-2, within 3 months), latest Form 16, last 3 months' bank statements