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SBI Elite Credit Card

★★★★☆(4.5)

If you're searching for a premium card that can help you save money and earn rewards simultaneously, the SBI Elite Credit Card is worth checking out! This versatile all-purpose card is tailor-made for high-spenders and frequent travellers and provides a wide range of benefits in several categories, such as travel, movies, dining, rewards, and more. With a joining and annual fee of ₹4,999, you can earn a reward rate of 0.5% to 5% on all your spending. So, take a look at the card's features and decide if it's worth it for you. 👇

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SBI Elite Credit CardFromSBI Bank
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Features and Benefits

Aspects that make spending using this card lit as the sun!

✔Welcome Bonus
✘Travel
✔Fuel
✔Rewards
✘Shopping
✘Cashback
✘Dining
✘Insurance
✘Interest
Welcome Bonus
Welcome Bonus
  • E-gift vouchers worth ₹5000 upon joining.
  • Note: Brands to choose from are Shoppers Stop, Pantaloons, Hush Puppies/Bata and Aditya Birla Fashion.
Entertainment Benefit
Entertainment Benefit
  • Free movie tickets worth ₹6,000 every year, with a maximum discount of ₹250/ticket for 2 tickets per month.
  • Note: The Convenience Fee would be chargeable.
Milestone Benefit
Milestone Benefit
  • 10,000 bonus reward points on spending ₹3 lakhs and ₹4 lakhs on the card.
  • 15,000 bonus Reward Points on achieving annual spends of ₹5 lakhs and ₹8 lakhs.
  • Spend Based Reversal of Annual Fee on spends of ₹10 Lakh.
Concierge Services
Concierge Services
  • Assistance with gift delivery, flower delivery, and online doctor consultation.
  • Note: Call 1800-2121-68168 or email at support@premiumconcierge.in to avail.
Fuel Surcharge
Fuel Surcharge
  • 1% fuel surcharge waiver, on every transaction between ₹500 and ₹4,000, at any petrol pump across the country.
  • Note: Maximum surcharge waiver available is ₹250 per statement cycle.
EMI Benefit
EMI Benefit
  • Facility of transferring other bank credit card balances to their SBI Card and paying back in EMIs.
Zero Lost Card Liability
Zero Lost Card Liability
  • Complimentary credit card fraud liability cover of ₹1 lakh, valid from the period of 48 hours prior to reporting of loss till 7 days post reporting of loss.
Reward Points
Reward Points
  • Get 5X Reward Points on Dining, Departmental stores and Grocery Spends.
  • Earn 2 Reward Points per ₹100 on all other spends, except fuel.
  • Reward Rate: 0.5% to 5%
Fee and Charges

Think of these as small investments to keep your credit card running smoothly.

Charges

Joining Fee

₹4,999

Annual Fee

₹4,999

Annual Percentage Rate

42%

Add-on Card Fee

Free

Minimum Repayment Amount

5%

Cash Withdrawal Fee

2.50%

Cash Advance Limit

80%

Card Replacement Fee

₹100

Foreign Transaction Fee

1.99%

Over Limit Penalty

2.50%

Fuel Transaction Surcharge

1%

Reward Point Value

₹0.25

Balance from ₹0 to ₹500

₹0

Balance from ₹500 to ₹1000

₹400

Balance from ₹1000 to ₹10000

₹750

Balance from ₹10000 to ₹25000

₹950

Balance from ₹25000 to ₹50000

₹1100

Balance more than ₹50000

₹1300
Pros

Aspects that make this credit card amazing.

  1. ⮚Accepted in more than 24 million outlets across the globe, with 3,25,000 outlets in India.
  2. ⮚Exclusive benefits across 900 luxury hotels worldwide.
  3. ⮚Up to 15% discount on F&B at Lalit Hotels.
  4. ⮚Facility to withdraw cash from over 1 million ATMs across the globe.
  5. ⮚Offers 2 reward points on every ₹ 100 spent on international transactions.
Cons

Aspects this credit card lacks.

  1. ⮚A maximum of 2 visits per quarter are allowed to airport lounges.
  2. ⮚The users can redeem the points for travel bookings (flights/hotels) only.
  3. ⮚Maximum fuel surcharge waiver available is just ₹ 250 per statement cycle.
  4. ⮚High annual fee waiver condition of ₹ 10 lakh.

SBI Elite Credit Card Review

This is the truth, the whole truth, and nothing but the truth; brought to you by the other users.

If you are a frequent traveller or someone who likes to spend on dining and entertainment, the SBI Elite Credit Card can be a good option for you. The card comes with several valuable benefits, such as airport lounge access, free movie tickets, and a low foreign exchange markup fee. However, it is important to note that the annual fee for the card is relatively high. Therefore, it is crucial to consider whether the benefits offered by the card justify the cost. Cards similar to the SBI Elite Credit Card: 1. Air India SBI Signature Credit Card 2. HDFC Diners Club Metal Edition Credit Card 3. IndusInd Bank Legend Credit Card

Overview

Best ForTravel and Shopping
Joining Fee₹4,999 + Applicable Taxes
Annual Fee₹4,999 + Applicable Taxes
Welcome BenefitsGift vouchers worth ₹5,000
Card TypePremium Card
Card NetworkMastercard / American Express

SBI Elite Credit Card Maximum Cashback

Every ₹ 100 is spent on International transactions.2 Reward Points
Paying the card outstanding using the reward points.4 Reward Points = ₹1
Reward Rate0.5% to 5%

Who should get an SBI Elite Credit Card?

The SBI Elite Credit Card is a good option for people who:

How to Apply for an SBI Elite Credit Card?

SBI Elite Credit Card Eligibility

  • Age:18 to 70 years
  • Occupation: Salaried or Self Employed
  • Income: Salaried - ₹60,000 p.m., Self-Employed: ITR > ₹7.2 Lakhs p.a.

Documents Required

  • Proof of identity: Proof of identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI or any other government-approved photo ID proof.
  • Proof of Address: Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement, or any other government-approved address proof.
  • Proof of Income: Proof of Income: Latest one or two salary slips (not more than 3 months old), latest Form 16, and the last 3 months’ bank statement.