SBI Card Elite
Product Details
Credit Card Name :
SBI Card Elite
Bank Name :
State Bank Of India
Type :
Premium Credit Card
Interest Rate :
3.50% per month (42% per annum) from the transaction date.
Eligibility :
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.
Pros
Welcome Benefit: 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.
Rewards: Get 5X Reward Points on Dining, Departmental stores, and Grocery Spends, and earn 2 Reward Points per Rs. 100 on all other spends, except fuel. Along with this customers can also earn up to 50,000 Bonus Reward Points worth Rs. 12,500 per year, and 10,000 bonus Reward Points on achieving annual spending of Rs. 3 lakhs and 4 lakhs.
Milestone Benefit: Customers can enjoy complimentary Trident Privilege Red Tier membership which offers 10% instant savings on bookings through the hotel website, and 10 points for every Rs.100 spent (excluding taxes) during your stay at participating hotels.
Other Benefits: Customers can also avail Club Vistara Silver membership, and up to 15% discount on best available room rates and up to 15% discount on F&B at Lalit Hotels.
Cons
Low cashback rate.
Pros & Cons
Welcome Benefits
Welcome Benefit: 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.
Rewards System
Get 5X reward points on dining, departmental stores and grocery spends. Value of 1 reward point = INR 0.25. Effective cashback rate: 1.25%
Earn 2 reward points per INR 100, on all other spends. Value of 1 reward point = INR 0.25. Effective cashback rate: 0.5%.
International Forex Markup
99%
Welcome Benefits and Reward System
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.
Benefits
Complimentary airport lounge access
Club Vistara membership
Dining discounts.
Complimentary movie tickets
Speical Feature, Eligibility and Benefits
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
Application Procedure
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Product Review
Fees & Charges
Annual Fee (one time): Rs. 4,499 + Taxes
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.
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: Up to 3.50% per month (42% per annum) from the transaction date.
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.
Reward Redemption Fees: INR 99/- per redemption.
Fuel Surcharge
1% Fuel Surcharge waiver for each transaction between Rs.500 and Rs.4,000. Maximum Surcharge waiver of Rs.250 per statement cycle, per credit card account.
Billing Cycle
30 Days.