Welcome Benefit: Users will get e- gift voucher worth Rs 5,000 which can be redeemed for various brands like Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.
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SBI Card Elite
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get e- gift voucher worth Rs 5,000 which can be redeemed for various brands like Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.
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 5X reward points on dining, departmental stores and grocery spending.
Value of 1 reward point = INR 0.25. Effective cashback rate: 2.5%.
2 reward points per INR 100, on all other spends. Effective cashback rate: 0.5%.
Movie Benefits
Free movie tickets worth INR 6,000 every year. Valid only for 2 tickets per booking per month. Maximum discount is INR 250/ticket for 2 tickets only.
Dining Benefits
None.
Other Benefits
Low forex markup of 1.99%
Free concierge assistance on flower delivery, gift delivery, online doctor consultation.
Lounge Access
6 complimentary airport lounge visits per calendar year, outside India ( max. 2 visits per quarter).
2 complimentary domestic airport lounge visits every quarter in India
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get e- gift voucher worth Rs 5,000 which can be redeemed for various brands like Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop.
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 5X reward points on dining, departmental stores and grocery spending.
Value of 1 reward point = INR 0.25. Effective cashback rate: 2.5%.
2 reward points per INR 100, on all other spends. Effective cashback rate: 0.5%.
Movie Benefits
Free movie tickets worth INR 6,000 every year. Valid only for 2 tickets per booking per month. Maximum discount is INR 250/ticket for 2 tickets only.
Dining Benefits
None.
Other Benefits
Low forex markup of 1.99%
Free concierge assistance on flower delivery, gift delivery, online doctor consultation.
Lounge Access
6 complimentary airport lounge visits per calendar year, outside India ( max. 2 visits per quarter).
2 complimentary domestic airport lounge visits every quarter in India
Fees & Charges of
SBI Card Elite
Joining Fee
Rs. 4,499 + Taxes
Annual Fee
Rs. 4,499 + Taxes
Cash Advance Fee
Cash Advance fees: 2.5% or Rs. 500 whichever is higher at domestic ATMs and 2.5% or Rs. 500, whichever is higher at international ATMs
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): Rs. 4,499 + Taxes from second year onwards. Renewal Fee reversed if annual spends for last year >= Rs. 2,00,000. | Reward Redemption Fees: INR 99/- per redemption.
Joining Fee
Rs. 4,499 + Taxes
Annual Fee
Rs. 4,499 + Taxes
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: Up to 3.50% per month (42% per annum) from the transaction date.
Late Payment Fee
Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date. NIL for Outstanding Amount on payment date from Rs.0-Rs.500, Rs. 400 for Outstanding Amount greater than Rs. 500 & up to Rs. 1000; Rs. 750 for Outstanding Amount greater than Rs. 1000 & up to Rs. 10,000; Rs. 950 for Outstanding Amount greater than Rs. 10,000 up to Rs. 25,000; Rs. 1100 for Outstanding Amount greater than Rs. 25,000 & up to Rs. 50,000; Rs. 1300 for Outstanding Amount greater than Rs. 50,000.
Foreign Currency Transactions Fee
3.50%
Other Fees
Renewal Fee (per annum): Rs. 4,499 + Taxes from second year onwards. Renewal Fee reversed if annual spends for last year >= Rs. 2,00,000. | Reward Redemption Fees: INR 99/- per redemption.
Fee and Charges of
SBI Card Elite
Special Features
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.
Eligibility Criteria
The SBI Card ELITE is a high-end credit card that comes with a lot of perks and rewards. If you want to apply for this card, you must meet the following requirements:
You need to be at least 21 years old.
You should have a steady way to make money.
Your credit score should be good.
You can apply for the SBI Card ELITE in person or online if you meet these conditions. You will also have to show proof of who you are, where you live, how much money you make, and your PAN card.
Speical Feature, Eligibility and Benefits of
SBI Card Elite
How to apply for Credit Card?
Go to SBI Card website.
Next to the SBI Prime Credit Card, click the "Apply Now" button.
Fill out the online application form with information about yourself, your pay, and where you work.
Upload the needed files, like your PAN card, proof of address, and proof of income.
Send in the form of application.
What paperwork is needed:
PAN card
Proof of address (like an Aadhaar card, driver's licence, voter ID card, etc.)
Proof of income (most recent pay stubs, Form 16, copy of tax return, etc.)
Passport size photographs.
SBI will handle your application within 7–10 business days after you send it in. The result will be sent to you by email or text message.
Here are some more tips on how to apply for the SBI Prime Credit Card:
Before you apply, make sure you meet the requirements. You must be at least 18 years old and have a steady way to make money.
Check your credit score ahead of time. If you have good credit, your chances of getting approved will go up.
Before you apply for the card, make sure you read the terms and conditions first.
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
SBI Card Elite
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The card comes loaded with a number of value add features. However, the cashback rate offered by the card is sub par.
The card comes loaded with a number of value add features. However, the cashback rate offered by the card is sub par.
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