Welcome Benefit: Users will get a welcome gift voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Pantaloons, Shoppers Stop and Yatra.com
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PSB SBI Card Elite
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get a welcome gift voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Pantaloons, Shoppers Stop and Yatra.com
Milestone Benefits
User gets 10,000 bonus reward points on achieving annual spends of INR 3 lakhs.
User gets 10,000 bonus reward points on achieving annual spends of INR 4 lakhs.
User gets 15,000 bonus reward points on achieving annual spends of INR 5 lakhs.
User gets 15,000 bonus reward points on achieving annual spends of INR 8 lakhs.
Reversal of annual fee on spending INR 10 Lakhs in a year.
Cashback Rate
Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores.
Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%.
2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Movie Benefits
Free movie tickets worth Rs 6,000 every year. Maximum permissible discount of Rs 250 per ticket.
Dining Benefits
Reward System: Users will get 5 reward points per Rs 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = Rs 0.25. Effective special cashback rate: 1.25%.
Other Benefits
Low forex markup of 1.99%.
Exclusive concierge service: Dedicated assistance on flower delivery, gift delivery, and online doctor consultation.
Lounge Access
6 free visits per calendar year to International priority pass lounges, outside India (max. 2 visits per quarter).
8 complimentary visits per calendar year to domestic lounges in India (max. 2 visits per quarter).
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get a welcome gift voucher worth INR 5,000 from any of the following brands: Bata/Hush Puppies, Aditya Birla Fashion, Pantaloons, Shoppers Stop and Yatra.com
Milestone Benefits
User gets 10,000 bonus reward points on achieving annual spends of INR 3 lakhs.
User gets 10,000 bonus reward points on achieving annual spends of INR 4 lakhs.
User gets 15,000 bonus reward points on achieving annual spends of INR 5 lakhs.
User gets 15,000 bonus reward points on achieving annual spends of INR 8 lakhs.
Reversal of annual fee on spending INR 10 Lakhs in a year.
Cashback Rate
Users will get 5 reward points per INR 100 spent on dining, groceries, and departmental stores.
Value of 1 reward point = INR 0.25. Effective special cashback rate: 1.25%.
2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective general cashback rate: 0.5%.
Movie Benefits
Free movie tickets worth Rs 6,000 every year. Maximum permissible discount of Rs 250 per ticket.
Dining Benefits
Reward System: Users will get 5 reward points per Rs 100 spent on dining, groceries, and departmental stores. Value of 1 reward point = Rs 0.25. Effective special cashback rate: 1.25%.
Other Benefits
Low forex markup of 1.99%.
Exclusive concierge service: Dedicated assistance on flower delivery, gift delivery, and online doctor consultation.
Lounge Access
6 free visits per calendar year to International priority pass lounges, outside India (max. 2 visits per quarter).
8 complimentary visits per calendar year to domestic lounges in India (max. 2 visits per quarter).
Fees & Charges of
PSB SBI Card Elite
Joining Fee
INR 4,999 + Taxes
Annual Fee
INR 4,999 + Taxes
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum)
Late Payment Fee
Late Payment charges: 0 to 1300.
Foreign Currency Transactions Fee
1.99
Other Fees
Renewal Fee (per annum): INR 4,999 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Joining Fee
INR 4,999 + Taxes
Annual Fee
INR 4,999 + Taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum)
Late Payment Fee
Late Payment charges: 0 to 1300.
Foreign Currency Transactions Fee
1.99
Other Fees
Renewal Fee (per annum): INR 4,999 + Taxes. | Reward Redemption Fees: INR 99/- per redemption.
Fee and Charges of
PSB SBI Card Elite
Special Features
Free Club Vistara membership.
Eligibility Criteria
Age: 18 years to 60 years old.
Occupation: Salaried or self-employed.
Credit Score: Good credit history is preferred.
Speical Feature, Eligibility and Benefits of
PSB SBI Card Elite
How to apply for Credit Card?
There are three major ways to apply for the PSB SBI Card Elite:
1. Online:
This is fast and easy method.
Visit the SBI Card website.
Choose the "Credit Cards" tab and navigate to PSB SBI Card Elite.
Click on "Apply Now" button and fill out the online application form with all your details.
Upload the requisite documents, such as proof of identity, proof of address, and proof of income.
Submit the application form.
2. Offline:
This method involves visiting a PSB branch.
Ask for the PSB SBI Card Elite application form.
Fill out the form with all of your details.
Attach the requisite documents.
Submit the application form to the bank.
3. By Phone:
Contact the SBI Card helpline at 1860-180-1290 or 3902-0202.
Request for an SBI Card Prime application form.
The bank will then send you the form by courier.
Fill out the form with all of your details.
Attach the requisite documents.
Send the completed application form back to the bank.
Contact Details
l 1860 500 1290, 1860 180 1290, 39 02 02 02(Prefix local the STD code) or 1800 180 1290 (Toll Free)
Account Opening and Procedure of
PSB SBI Card Elite
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The card offers all most everything, free movies, free airport lounge visits, value add benefits such as free membership to Club Vistara Silver Tier, great welcome benefits and milestone benefits. The only thing lacking is a good cashback rate. The cashback rate offered by the card is very low.
The card offers all most everything, free movies, free airport lounge visits, value add benefits such as free membership to Club Vistara Silver Tier, great welcome benefits and milestone benefits. The only thing lacking is a good cashback rate. The cashback rate offered by the card is very low.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai