MyFinCards
SBI Card ELITE

Joining Fee

₹4,999

Annual Fee

Rs. 4999 (Reversed on annual spends of Rs. 10 Lakhs)

Forex Markup

1.99% + GST

INTERNATIONAL
SBI Card
Lifestyle
Rewards
Travel
Best For: Frequent international travelers, Lifestyle spenders on dining and shopping, Movie enthusiasts, Those seeking premium lounge access

SBI Card ELITE

Rewards Structure

Base Reward Rate

2% on spends

Point Value

1 Point = ₹0.25

Earning Cap

₹50,000 /annually

Pros

  • Welcome gift worth Rs. 5,000 from top lifestyle brands
  • Free movie tickets worth Rs. 6,000 per year
  • 5X reward points on dining, departmental stores and grocery
  • Low forex markup of 1.99%
  • Complimentary Priority Pass membership worth $99
  • Up to 50,000 bonus reward points per year via milestones
  • Annual fee waiver on Rs. 10 lakh annual spend
  • Complimentary ITC Silver Tier membership
  • Concierge services included

Cons

  • High joining and annual fee of Rs. 4,999
  • Fuel surcharge waiver capped at Rs. 250 per statement cycle
  • International lounge visits limited to 6 per year (max 2 per quarter)
  • Air Accident Insurance of Rs. 1 crore discontinued from 15 July 2025
  • Priority Pass usage fee charged after complimentary visits

Hidden Catches (Transparency Policy)

To build trust with our users, we highlight the fine print that issuers often tuck away in policy documents.

No reward points earned on fuel spends

Movie discount capped at Rs. 250 per ticket for 2 tickets only; convenience fee chargeable

Priority Pass complimentary membership valid for 2 years only

ITC Silver Tier membership only for cards sourced from 1st September 2025 onwards

Welcome gift voucher must be requested within 30 days of annual fee payment

Usage fee up to $27 + taxes charged for Priority Pass lounge visits beyond complimentary limit

Key Benefits & Features

Welcome e-Gift Voucher worth Rs. 5,000 from Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, Shoppers Stop

Complimentary Priority Pass membership worth $99; valid for 2 years for primary cardholders

Complimentary 1-year Club ITC Silver Tier Membership (for eligible cards sourced from 1st September 2025)

Notable Exclusions

No reward points on fuel spends

*Exclusions may apply to EMI transactions, fuel, and wallet reloads based on current bank policy.

Official Terms & Conditions

About SBI Card ELITE

The SBI Card ELITE is a premium lifestyle credit card designed for those who seek exceptional value across travel, entertainment, and everyday spending. New cardholders receive a welcome e-gift voucher worth Rs. 5,000, redeemable across leading brands including Yatra, Pantaloons, Shoppers Stop, Hush Puppies/Bata, and Aditya Birla Fashion. Movie lovers benefit from complimentary tickets worth Rs. 6,000 annually, while milestone spenders can earn up to 50,000 bonus Reward Points worth Rs. 12,500 per year, with annual fee reversal available on spends of Rs. 10 lakhs. The card rewards lifestyle spending with 5X Reward Points on dining, departmental stores, and grocery purchases, and 2 Reward Points per Rs. 100 on all other eligible spends. International travelers enjoy complimentary Priority Pass membership granting access to over 1,000 airport lounges worldwide, alongside 2 complimentary domestic lounge visits per quarter. A notably low foreign currency markup of 1.99% makes it an ideal companion abroad. Eligible cardholders also receive a complimentary ITC Silver Tier membership and access to an exclusive concierge service. Additional features include a 1% fuel surcharge waiver, contactless payment technology, emergency card replacement worldwide, add-on cards for family members, and flexible EMI options through Flexipay. With acceptance at over 24 million outlets globally, the SBI Card ELITE delivers a well-rounded premium experience for discerning cardholders.

Expert Review

Our Verdict

Premium lifestyle card with 5X rewards, free movie tickets, lounge access & welcome gift worth ₹5,000.

Frequently Asked QuestionsAbout SBI Card ELITE

FEESWhat is the joining fee and annual fee for SBI Card ELITE?
The SBI Card ELITE has a one-time joining fee of ₹4,999 plus applicable taxes and a renewal fee of ₹4,999 per annum from the second year onwards. However, the annual fee can be waived off if you achieve an annual spend of ₹10 lakhs in a year. Add-on cards are available at no additional annual fee.
BENEFITSWhat welcome gift do I get with SBI Card ELITE?
Upon paying the annual fee, you receive a welcome e-gift voucher worth ₹5,000. You can choose from top lifestyle and travel brands including Yatra, Hush Puppies/Bata, Pantaloons, Aditya Birla Fashion, and Shoppers Stop. You will receive an SMS to choose your preferred e-voucher option within 30 days of annual fee payment, and the e-voucher will be sent to your registered mobile number or email ID within 5 days of the request.
REWARDSHow many reward points do I earn on SBI Card ELITE?
SBI Card ELITE offers 5X Reward Points on dining, departmental stores, and grocery spends. For all other spends (except fuel), you earn 2 Reward Points per ₹100 spent. International transactions also earn 2 Reward Points per ₹100. The redemption value is 4 Reward Points = ₹1, meaning 1 Reward Point is worth ₹0.25. You can also pay your card outstanding balance using accumulated Reward Points.
REWARDSWhat are the milestone benefits on SBI Card ELITE?
SBI Card ELITE offers up to 50,000 bonus Reward Points worth ₹12,500 per year through milestone spends. You earn 10,000 bonus Reward Points each on achieving annual spends of ₹3 lakhs and ₹4 lakhs, and 15,000 bonus Reward Points each on achieving annual spends of ₹5 lakhs and ₹8 lakhs. Additionally, the annual fee of ₹4,999 is reversed on achieving annual spends of ₹10 lakhs.
BENEFITSWhat complimentary airport lounge access does SBI Card ELITE offer?
SBI Card ELITE offers two types of complimentary lounge access. For international travel, you get a complimentary Priority Pass membership worth $99, with 6 complimentary airport lounge visits per calendar year outside India (maximum 2 visits per quarter). After the complimentary visits, a usage fee of up to $27 plus applicable taxes will be charged. For domestic travel, you get 2 complimentary domestic airport lounge visits every quarter in India. Only primary cardholders are eligible for the Priority Pass membership.
INTERNATIONALWhat is the foreign currency markup fee on SBI Card ELITE?
SBI Card ELITE offers one of the lowest foreign currency mark-up charges of 1.99% on international usage. This is significantly lower than the standard 3.5% charged by most credit cards, making it an excellent choice for frequent international travellers. Additionally, you earn 2 Reward Points per ₹100 spent on international transactions, providing extra savings on your overseas expenses.
USAGEHow do I avail complimentary movie tickets with SBI Card ELITE?
SBI Card ELITE offers free movie tickets worth ₹6,000 every year. The offer is valid on primary cards only, with a maximum discount of ₹250 per ticket for 2 tickets per booking per month. Transactions must be valid for at least 2 tickets per booking. Please note that convenience fees are chargeable separately. You can visit the SBI Card website for the detailed redemption process for this movie ticket benefit.
BENEFITSWhat is the fuel surcharge waiver benefit on SBI Card ELITE?
SBI Card ELITE provides a 1% fuel surcharge waiver on every fuel transaction between ₹500 and ₹4,000 at any petrol pump across the country. The maximum surcharge waiver is capped at ₹250 per statement cycle per credit card account. Please note that government service tax is extra as applicable. Fuel spends do not earn reward points on this card.
BENEFITSWhat is the complimentary ITC Silver Tier membership offered with SBI Card ELITE?
SBI Card ELITE offers a complimentary 1-year Club ITC Silver Tier Membership. This benefit is available only for eligible cards sourced from 1st September 2025 onwards. Cardholders become eligible for the membership after completing their first transaction within 60 days of card issuance. Activation details are shared within 15 days of the qualifying transaction, and within 7 working days of successful registration, you will receive confirmation and login credentials from ITC Hotels Limited on your registered email ID.
BENEFITSWhat concierge services are available on SBI Card ELITE?
SBI Card ELITE provides exclusive concierge services offering dedicated assistance for flower delivery, gift delivery, and online doctor consultation. To avail these concierge services, you can call 1800-2121-68168 or email support@premiumconcierge.in. These services are designed to make your lifestyle more convenient by providing personalised assistance for everyday needs.
BENEFITSIs the Air Accident Insurance cover still available on SBI Card ELITE?
No. The complimentary Air Accident Insurance coverage of ₹1 crore, which was previously offered on SBI Card ELITE, has been discontinued with effect from 15 July 2025. However, the card still offers a complimentary credit card fraud liability cover of ₹1 lakh. This fraud cover is applicable from 72 hours prior to reporting of card loss till 7 days post reporting. To report card loss, call 39 02 02 02 (prefix local STD code) or 1860 180 1290.
APPLICATIONHow can I apply for the SBI Card ELITE?
You can apply for the SBI Card ELITE online through the official SBI Card website at sbicard.com by clicking the 'Apply Now' button. You can also track your existing application status on the website. The card is available on the Visa network. For assistance in finding the right card or tracking an application, visit the Apply section on the SBI Card website or contact the SBI Card helpline at 39 02 02 02 (prefix local STD code) or 1860 180 1290.
USAGECan I convert large purchases into EMI using SBI Card ELITE?
Yes, SBI Card ELITE offers a Flexipay facility that allows you to convert transactions of ₹2,500 or more into easy monthly instalments. To avail this, simply log in to sbicard.com with your username and password within 30 days of the purchase and convert the transaction to Flexipay. Additionally, you can transfer outstanding balances from other bank credit cards to your SBI Card ELITE via the Balance Transfer on EMI facility, available at a lower rate of interest.
BENEFITSWhat add-on card benefits are available with SBI Card ELITE?
SBI Card ELITE allows you to empower your family members with add-on cards. You can get add-on cards for your parents, spouse, children, or siblings who are above 18 years of age. The best part is that there is no annual fee for add-on cards. Please note that the complimentary Priority Pass membership and movie ticket benefits are available only for the primary cardholder and not for add-on cardholders.
BENEFITSWhat network privileges does SBI Card ELITE offer?
SBI Card ELITE is available on the Visa network and is accepted at over 24 million outlets across the globe, including 3,25,000 outlets in India. Visa cardholders enjoy additional benefits such as offers on MakeMyTrip, Times Prime membership, and Alaya Stays. The card also features contactless payment technology (Visa payWave), enabling fast and secure transactions by simply waving the card at a compatible reader. Emergency card replacement is available worldwide through the Visa helpline.

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