SBI Elite Credit Card

The SBI Card ELITE is a multipurpose premium card that offers advantages in several different areas, such as dining, travel, entertainment, and rewards. It is a good option for high-spenders because users can receive significant milestone benefits in addition to earning decent rewards on their daily spending. The card also comes with cinema tickets worth up to Rs. 6,000 per year, which is more than the Rs. 4,999 annual fee. Its benefits include free lounge access, some foreign exchange markup, and Club Vistara membership. Read more to know everything you need know about this card.

With this card, you receive 2 Rewards for every Rs. 100 spent using the card (0.5% reward rate; 1 Reward Point = Rs. 0.25) and 5X Reward Points for every Rs. 100 spent at department stores, restaurants, and grocery stores (2.5%). There are three versions of the SBI ELITE Credit Card: American Express, MasterCard, and Visa.

The ELITE Card is provided by the State Bank of India to individuals who travel frequently both domestically and internationally. This credit card is designed for travel and lifestyle and comes with a variety of benefits, including discounts on domestic and international travel and hotel reservations, as well as access to both domestic and international lounges. In addition, there are dining and entertainment benefits associated with the ELITE credit card.

Key Highlights of SBI Elite Credit Card

SBI Elite Credit Card
Best Suited For Rewards and Travel
Joining Fee Rs. 4,999
Renewal Fee Rs. 4,999 (reversed on annual spends of Rs. 10 Lakh)
Welcome Benefit Welcome e- Gift Voucher worth Rs. 5,000
Complimentary Movie Tickets Free Movie Tickets worth Rs. 6,000 every year.
Milestone Benefit Earn upto 50,000 Bonus Reward Points worth Rs. 12,500/ year.
Reward Benefit Get 5X Reward Points on Dining, Departmental stores and Grocery Spends.
Travel Benefit Enjoy complimentary Club Vistara Silver membership.
Domestic Lounge Program Enjoy 2 complimentary Domestic Airport Lounge visits every quarter in India.
Best Feature Earn upto 50,000 Bonus Reward Points Anually, Club Vistara and Trident Privilege Membership.

*Terms and conditions apply.

Welcome Gift worth Rs. 5,000

You will receive an e Gift Voucher worth Rs. 5,000. This voucher allows you to pick a brand of your choice from options like Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion and Shoppers Stop. So, essentially, you get the joining fee back in the form of a voucher to use at your preferred brand.

  • For Pantaloons, Shoppers Stop, and Hush Puppies/Bata vouchers, you can redeem your e-gift voucher by showing the code at the respective brand store.
  • For Yatra and Shoppers Stop, use the code online during your purchase.
  • Aditya Birla Retail Voucher works at stores like Louis Philippe, Van Heusen, Allen Solly, Peter England, Planet Fashion, and Simon Carter. Use it at any of these stores.

After you pay your annual fees, you'll get an SMS within 15 days, offering e-voucher options. Once you choose, the e-voucher will be sent to your registered mobile number or email ID within 30 days of your request.

ELITE Reward Points

The SBI Card Elite is a highly rewarding card, especially for those who spend a lot. Here's how the reward points work:

  • Get 5X Reward Points on Dining, Departmental stores and Grocery Spends
  • Earn 2 Reward Points per Rs. 100 on all other spends, except fuel
  • Earn 2 Reward Points on every Rs.100 spent on International transactions
Note: Pay your card outstanding with Reward Points. 4 Reward Points = Rs. 1

Milestone Rewards

  • Earn up to Rs. 12,500 worth of Bonus Reward Points annually.
  • Get 10,000 additional Reward Points upon reaching the 3 lakh and 4 lakh annual spending.
  • Earn an additional 15,000 reward points when you spend Rs. 5 lakh and Rs. 8 lakh annually.
  • The annual charge for the prior year is refunded when you spend Rs. 10 lakh in a year.

Also read: Best Rewards Credit Cards in India

How to Redeem SBI Reward Points?

If you visit the official SBI Card website, you can use the reward points you've earned on your credit cards online. Visiting the partner merchant store is another way to redeem them. For an alternative method of redeeming your reward points, you can also call the SBI Card helpdesk 39020202 (prefix local STD code). Up until a specified limit, points can be redeemed in multiples of 2000.

Movie Benefits

  • You can receive free movie tickets worth Rs. 6,000 annually with your SBI Card Elite.
  • You can receive a maximum benefit of Rs. 250 per ticket, and the transaction is valid on at least 2 tickets per booking per year. In addition, a convenience fee will be applied to each and every transaction.

Dining Benefits

Amazing Dining offers and savings at associated restaurants of up to 25% off (with American Express variants only)

Golf Benefits

At some golf courses in India, you'll receive four complimentary rounds of golf, a 50% discount on all other golf activities, and one complimentary lesson every month. This bonus is exclusive to holders of the MasterCard version.

Fuel Surcharge Waiver

1% Fuel Surcharge Waiver is applicable to all gas stations. (Extra Government Service Tax if applicable). Up to a maximum of Rs. 250 in monthly surcharge waivers per statement cycle

Exclusive Travel Benefits (Memberships and Lounge access)

Club Vistara Membership

Please be aware that only primary cardholders are eligible for this membership. After receiving your new SBI Elite Credit Card, you should activate your Club Vistara membership and sign up for online banking.

  • Get 1 upgrade voucher for free.
  • For every Rs. 100 spent on Vistara flights, you will receive 9 Club Vistara points.

Trident Privilege Membership

Only primary cardholders are eligible for this promotion, which may be activated by going to SBI Card's online banking page.

  • 1,000 bonus points for signing up.
  • 10% instant savings when making a reservation via the hotel's website.
  • 10 points for every Rs. 100 spent at participating hotels while making a reservation.
  • 1,500 points for your initial visit
  • Extra $1,000 in hotel credit when staying more than one night (use promo code: SBITH).

Also read: Best Travel Credit Cards in India

Airport Lounge Access

Domestic Lounge Program

  • Every quarter, there are 2 complimentary trips to the domestic airport lounge in India.

International Lounge Program*

  • Complimentary membership to the Priority Pass Program worth $99
  • 6 complimentary trips to airport lounges outside of India every calendar year (up to two visits each quarter)

*After the complimentary visits, a $27 use fee with applicable taxes will be charged on your SBI Card ELITE for visits to the Priority Pass member lounge. Priority Pass is only available to Primary Cardholders, and the free membership is only good for the first two years.

Also read: Best Credit Cards with Airport Lounge Access

Lowest Forex Markup

  • You have the benefit of the lowest foreign currency markup charge of 1.99% while using your SBI Card ELITE abroad.
  • Additionally, for every Rs. 100 spent on foreign transactions, you are eligible to receive 2 reward points.

Other Benefits of SBI Elite Credit Card

Here are the additional significant benefits of the SBI ELITE credit card are mentioned below-

  • Zero liability insurance against misplaced cards up to Rs. 1 lakh is available starting 48 hours in advance and lasting seven days after the card is reported lost to the bank.
  • Enjoy dedicated assistance for Flower Delivery, Online Doctor Consultation, and Gift Delivery.
  • Use your SBI Card ELITE at over 24 million outlets worldwide, including 3,25,000 outlets in India.
  • Get insurance coverage for Rs. 1 lakh, which is applicable from 48 hours before to 7 days after reporting a card loss.

Fees and charges that apply to SBI Elite Credit Card:

Fees / Charges Amount
Annual Fee (one time) Rs. 4,999
Renewal Fee (per annum) Rs. 4,999
Finance Charges up to 3.50% per month [42% per annum]
Late Payment Fee*
  • NIL for Total Amount due from Rs.0-Rs.500;
  • Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1000;
  • Rs. 750 for Total Amount due greater than Rs. 1000 & up to Rs. 10,000;
  • Rs. 950 for Total Amount due greater than Rs. 10.000 & up to Rs. 25,000
  • Rs. 1,100 for Total Amount due greater than Rs. 25,000 & up to Rs. 50,000
  • Rs. 1,300 for Total Amount due greater than Rs. 50,000
Add-on Fee (per annum) Nil
Cash advance fee

2.5% of the amount withdrawn or Rs.500 (Domestic ATMs)

2.5% of the amount withdrawn or Rs.500 (International ATMs)

Finance Charges 3.50% per month or 42% per annum
Statement request Rs.100 per statement (more than 2 months old)
Cash payment fee Rs.250
Over limit fee 2.5% of the over limit amount; minimum of Rs.600

*A late payment charge of Rs. 100 will be imposed if the Minimum Amount Due (MAD) is not paid by the due date for two consecutive cycles. This charge will persist in each subsequent payment cycle until the MAD is settled.

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Eligibility Criteria of SBI Credit Card ELITE

  • You have to be in the 18–70 age range.
  • The person who owns of the add-on card must be older than 15.
  • The applicant needs to be a citizen of India.
  • In order to qualify for the card, you must have a credit score of at least 750.

Documents Required to Apply for SBI Card Elite

  • Filled application form.
  • A copy of your PAN card or Form 60.
  • Identity verification, such as a driver's license, Aadhar card, PAN, etc.
  • passport-sized colored photos of the candidate.
  • Evidence of income in the form of most recent pay slips, Form 16, copies of IT returns, etc.
  • Evidence of residence, such as an Aadhaar, passport, ration card, or power bill.

The list of documents given above is illustrative. You may be requested to provide more documentation or have it modified when you apply for the ELITE credit card.

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Here are some of the Best credit cards that provide benefits similar to the SBI Elite Credit Card:

Credit Card Annual Fee Reward Points / Offers
Air India SBI Signature Credit Card Rs.4,999 5 Reward points per Rs. 100 spent
IndusInd Bank Legend Credit Card Nil 1 Reward points per Rs. 100 on weekdays and 2 Reward points per Rs. 100 on weekends
HDFC Regalia Credit Card Rs. 2,500 4 Reward Points on every Rs. 150
HDFC Diners Club Privilege Rs. 2,500 4 Reward points on every Rs. 150

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You have the option to compare and apply for SBI Elite Credit Cards conveniently online through MybankingTips. Here are the steps to do so:

Step 1: Visit MybankingTips SBI Credit Card Section. Step 2: Select Your Ideal Credit Card. Step 3: Click on the ‘Apply Now’ tab. Step 4: Fill in the required details to find out if you are eligible to apply for the card. Step 5: Once you have entered all the necessary information, click on ‘Submit’. Step 6: After you have successfully provided all the required information, you will receive a message with your application ID.

How To Check SBI Card ELITE Application Status?

If you've already applied for an SBI Elite Credit Card, you can use the following information to check the status of your application:

  • To find out the status of your credit card application, you can also get in touch with SBI Card customer service.
  • Go to the official SBI Card website and select "Credit Cards." Now, scroll down to the "Track Application" option, and fill in the necessary information. You can quickly find out the status of your application.
  • Asking the bank officials for the same thing when you visit the closest SBI branch is an additional alternative. But it's always a good idea to go with one of the methods mentioned above.

The SBI Elite Credit Card is the ideal option for those who want an all-around card and are major spenders, even though the annual fee is heavy. It's not a particularly high rate, but it's still good. But, the card provides users with respectable travel benefits, making it an excellent choice for travelers. Cardholders can receive a 10% discount in addition to a 2.50% hotel rewards rate (10 points for Rs. 100, 1 point equals Rs. 0.25) at select Trident hotels by using the card. In addition, cardholders will receive a 2.25% rewards rate on their bookings when they purchase tickets on Vistara Airlines (9 points every Rs. 100, 1 point equals Rs. 0.25).

Who Can Get SBI Elite Credit Card?

Anyone who meets the eligibility standards listed above is eligible to apply for the SBI Elite Credit Card. Since this is a premium credit card, approval requires both a high annual income and an exceptional credit score. Therefore, before applying for the Elite SBI Card, work to raise your credit score and make sure you meet the income requirements.

Also read: Best Co-branded Credit Cards in India

Compared to SBI's other basic credit card, the SBI Card Elite has a higher credit limit because it is a premium credit card. Depending on their credit score and payment behavior in the past, individual cardholders may be provided differing credit limits. However, cardholders have the opportunity to seek a higher credit limit if they are unsatisfied with their current credit limit. You can also ask for a larger credit limit by giving your credit card company's customer service line a call. To gain the trust of your card issuer, it is recommended that you use your card responsibly for a few months prior to seeking for a limit boost.

Advantages Disadvantages
If you're looking for an all-in-one credit card, this one is a wonderful choice because it offers advantages in every category, including travel. If you are unable to pay the high annual charge of Rs. 4,999, it could be disadvantageous to you.
If you use your credit card for most of your purchases, you should have difficulty reaching the minimum yearly spending requirement to avoid paying the annual fee. When compared to many other premium cards on the market, the card's reward rate isn't that great. Therefore, this might not be the best option for you if you shop a lot.

Activate your Elite SBI credit card or create its PIN using one of the following methods, whichever makes you most comfortable:

  • If you haven't already, sign into your SBI Card online banking account and link your SBI Elite card. After that, creating or changing your credit card PIN online is a simple alternative to locate.
  • You can get help from SBI Card customer service if you are having trouble creating your credit card PIN using the aforementioned techniques.
  • Additionally, you can use an ATM to activate your credit card. Look for the credit card PIN generating option on the main menu when you visit the closest SBI ATM.

You need to do the following few easy actions in order to register your SBI Elite Card for internet banking:

Step 1: Go to SBI Card's official website. Step 2: Select the "New User? Register Now." option located below the login button. Step 3: Enter the necessary information, including your date of birth, CVV, and credit card number. Step 4: An OTP will be sent to the registered mobile number you provided for verification. Proceed after entering the OTP. Step 5: After completing each of the above procedures, your card will be successfully registered for online banking.

  • You can use the SBI YONO app for paying your SBI Elite credit card account. Simply create an account on the app, link your credit card, then pay your credit card bill using the "pay" option.
  • You can use an ATM to pay your credit card charge. Choose the credit card bill payment option from the main menu when you visit the closest SBI ATM.
  • SBI offers its credit card holders a very simple method through the SBI billdesk for paying their credit card bills. Simply fill in the necessary information, such as your email address, credit card number, and the amount that needs to be paid, and continue to complete the payment.
  • If you prefer to use an offline approach, you can deposit a check at the closest ATM dropbox or visit your local bank to make the payment in cash or check.

You can use the following information to get in touch with SBI Card customer service if you have any questions, concerns, or grievances regarding your Elite SBI Credit Card:

  • Any of the following helplines can be used to get in touch with customer service over the phone: 1800 180 1290 (toll-free), 1860 500 1290, 1860 180 1290, or 39 02 02 02 (prefix it with your local STD).
  • You can write to to get in touch with customer service by mail.
  • You may reach SBI Card customer service on Twitter by using the handle @SBICard_Connect.

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This card allows a cash advance up to 80% of the total credit limit.

All gas stations across the nation waive the 1% fuel fee on transactions between Rs. 500 and Rs. 4,000.

The SBI ELITE card has a 1.99% foreign exchange markup.

Yes, you can take advantage of up to 50% off on golf games as well as four complimentary rounds of green fees. This includes a free monthly instruction at a few national golf courses.

More than 24 million Visa locations worldwide, including 3,25,000 in India, accept the SBI ELITE credit card.

If you misplace your SBI Elite Credit Card abroad, you can replace it by calling a 24-hour Visa service number.

In fact, raising your credit limit can help your credit score. You'll have easier access to money in the case of an emergency because of this.

Several credit card providers will periodically review accounts and raise the credit limit automatically. However, you can always ask to have your credit limit on the credit card increased.

The SBI ELITE credit card has an annual membership fee of Rs. 4,999. If you use the card for at least Rs. 10 lakh during the course of a year, the annual charge is waived.

A Rs. 1 lakh fraud liability cover is available to cardholders. It is necessary that you alert the loss within 48 hours. You must go to the bank's website or give the SBI credit card customer service helpline a call.

Yes, you can transfer balances from other banks' credit cards to SBI Elite using the "Balance Transfer" feature offered by the SBI Card Elite credit card.

An SBI Elite card has a maximum annual limit of Rs. 3–4 lakhs.

Up to 80% of the overall credit limit is the cash advance limit.

SBI Card ELITE is a Credit Card powered by Visa payWave/ MasterCard Contactless feature.This card has contactless, secure chip technology enabled, making it the most convenient and speedy way to pay for your regular purchases.

SBI's flexible installment plan, FLEXIPAY, helps you make any purchase and pay it back in equal monthly installments. Within 30 days of your purchase, you can use this service by making an online reservation at or by calling the SBI Card helpline.

You can easily get an cheque at your doorstep at any time using this SBI facility. Calling the SBI Card Helpline is all that is required. You can get cash up to your cash limit by utilizing the Easy Money feature. You can utilize the available funds for other requirements, like buying a TV, or on a vacation. The check can be used for up to 75% of your available SBI Credit Card Cash Limit, with a minimum of $5,000. The relevant Processing Fee will also be your responsibility.

You can pay for your SBI credit card by NEFT (National Electronic Funds Transfer), Debit Card Payment, Online SBI, PayNet, SBI Card Mobile App, SBI Mobile Banking, National Automated Clearing House, Auto Debit. Electronic Bill Payment, Over-the-Counter Payment, SBI ATM, Visa Credit Card Pay, Drop Box Electronic, SBI Card Drop Box.

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Please click the links below to find details and instructions related to SBI Credit Cards that can help you in easily managing your card: